As 2024 approaches, it’s time for investors to optimize their portfolios and identify which stocks to sell. It’s far from being the most thrilling part of investing, but it’s imperative. Hence, if you’re holding any names on this cautionary list, now might be the time to part ways. These stocks to avoid are likely to
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Federal Reserve Chair Jerome Powell has hinted at the likelihood of implementing further interest rate hikes to counter inflation with a potential tightening slated for the December meeting. Although market expectations lean towards a pause, Powell underscored the nuanced equilibrium required to tackle inflation without causing undue economic harm. Despite the U.S. economy exhibiting a
Some of the most followed information in the stock market besides earnings releases are analyst recommendations. These are expert analyses that cover various companies that have a high potential for return on investment or industries in which they specialize. These recommendations can go from “Strong Sell” to “Strong Buy,” and most investors look for Strong
Recession-resistant stocks are essential to achieving stable, long term portfolio returns. The economy goes through periods of both economic expansions and contractions. These cycles can impact stock market returns, during both bull and bear markets. New risks in the economy continue to emerge, keeping investors on edge. That is why its more important than ever
Growth stocks can yield substantial future returns, provided favorable economic conditions and solid fundamentals. These companies often build strong market positions and stable revenue over time. Some former growth firms now reward patient investors with dividends. Stock market profits typically come from share price growth or dividends. Companies excelling in the former usually face significant
Without a doubt, Tesla (NASDAQ:TSLA) is the most famous American electric vehicle (EV) manufacturer. However, I invite you to consider investing in Rivian Automotive (NASDAQ:RIVN) stock as well as Tesla stock. This will diversify your portfolio, but there are other reasons to take a share position in Rivian. For one thing, Rivian Automotive hasn’t already grown into
If you’ve invested in video game retailer GameStop (NYSE:GME) in hopes of a 2021-style epic short squeeze, don’t get your hopes up. It’s unlikely to happen in the near future. Moreover, if you’re holding GME stock because you want GameStop’s chief executive to engineer a turnaround for the company, you should probably temper your expectations. Sure, the meme-stock mob gave
While the stock market has been rallying lately, not every equity is marching higher. Many stocks are continuing to slide deeper into red on the year. That is due to factors ranging from one-off problems and poor financial results to bad execution on the part of management and business cycles. Regardless of the reasons, some
At 3.7%, inflation remains an issue. While consumer prices have come down from their peak of 9.1% in June 2022, the inflation rate in the U.S. remains well above the Federal Reserve’s 2% annualized target. And although markets are not expecting any further interest rate hikes from the central bank, there is no guarantee that
Investors are infatuated with so-called flying cars. But this Jetsons-like future is still a ways off… and that’s why shares of Archer Aviation (NYSE:ACHR) may be in for a rough patch after the company announced its third-quarter results late Thursday. Archer, one of the leading developers of electric vertical take-off and landing (eVTOL) aircraft, reported
Regardless of how TSLA stock is performing at any given time, Tesla (NASDAQ:TSLA) CEO Elon Musk remains a highly controversial figure. Musk has turned heads by acquiring Twitter, a move experts predicted would compromise Tesla. He has also been in the hot seat for his social media presence and his backing of speculative cryptocurrencies. Although
Millionaires, by investing in equities, are not made overnight. It takes years of grinding in the form of research that a high level of patience should back. Daily news and temporary headwinds tend to distract investors. That’s when conviction and patience play a critical role. Apple (NASDAQ:AAPL) was the first trillion-dollar Company; others have followed.
Exxon Mobil (NYSE:XOM) is among the dividend-paying energy stocks I think investors should focus on now. The company’s long history of dividend payments, rising distributions, and active share buybacks make XOM stock one of the top mega-cap stocks I think is overlooked. In late 2022, Exxon increased its buyback program from $30 billion to $50
As the worldwide effort towards cleaner energy persists, hydrogen companies and clean energy stocks appear increasingly potent. A 9.2% CAGR is predicted for the hydrogen industry until 2030, which could pick up in the following years. Hydrogen’s high energy per mass means that learning to harness it efficiently and sustainably could be highly beneficial. Despite
C3.ai (NYSE:AI) experienced significant growth due to AI hype, with its stock tripling during the ChatGPT AI wave. However, skepticism surrounds AI stock amid the stock’s high short interest. The company’s financials and outlook raise doubts about its potential for improvement, suggesting a further decline in its stock may be likely. C3.ai positions itself as
Tesla (NASDAQ:TSLA) has undoubtedly been among the best-performing stocks of our generation. The fact that early investors booked gains of 200x on this mega-cap stock (which hit a valuation well over $1 trillion at its peak) is remarkable. In many respects, TSLA stock paved the way for an entire sector, allowing us to see a
The US economy seems to be heading for a soft landing, with a slowdown in job growth indicating reduced inflationary pressure. Investors are optimistic that the Federal Reserve won’t need to raise interest rates further and might even cut rates sooner. This backdrop has led to the emergence of these stocks to sell before 2024.
Many once great stocks have lost their shine. Blue-chip companies that for years were reliable winners in the market have fallen on hard times and their share prices have steadily eroded. This can be extremely disappointing for shareholders who, after enjoying consistent gains, now find themselves deep in the red. The reasons for the downturns
This is an amazing week to consider biotech stocks. Big news by the U.S. Food & Drug Administration (which we’ll get to momentarily) shows the benefits and outsized gains you can enjoy by choosing the right biotech stock. Biotech companies have the potential to be big winners because of their very nature. They’re at the
Shares of microchip and semiconductor company Nvidia (NASDAQ:NVDA) stock continue to defy gravity, having risen 225% year-to-date and leading the overall market higher in 2023. Despite its bull run, NVDA stock shows no signs of slowing down. NVDA stock rose 14% since October, more than twice the Nasdaq index’s 6% gain. NVDA stock is the