For Coinbase (NASDAQ:COIN) and Coinbase stock, the signs of impending doom could hardly be stronger or more obvious. The Securities and Exchange Commission has crippled other crypto exchanges that, like Coinbase, have defied it, and the agency has issued multiple warnings that it will take similar steps against Coinbase. Through many actions and statements, the Biden administration …
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Source: rafapress / Shutterstock.com It’s perfectly fine to believe in the clean energy movement. However, this doesn’t mean you should invest in California-headquartered electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ:MULN) right now. Mullen Automotive has multiple problems that make MULN stock a no-go in 2023. Mullen Automotive offers impressive-looking EVs, but can the company offer …
Continue reading “3 Reasons Why I Wouldn’t Touch Mullen Stock With a 10-Foot Pole”
With the banking sector fallout in the U.S. sparking jitters abroad, investors may want to consider identifying the potentially worst stocks for a bear market. To be 100% clear, I’m not advocating that you should sell any of the below equities right now. Rather, you may want to consider drafting an escape plan, just in …
Continue reading “The 7 Worst Stocks to Buy if We Enter a New Bear Market Soon”
Source: JHVEPhoto/Shutterstock.com It may be tempting to go bottom-fishing with bank stocks. However, you need to pick and choose your assets carefully. Ally Financial (NYSE:ALLY) stock might appeal to some traders because of takeover rumors that are floating around. Be careful if you’re making investment decisions based on gossip, though. Besides, Ally Financial has significant problems …
Continue reading “ALLY Stock Isn’t an Investment to Bank On”
There’s been plenty of talk about how far the stock market correction can go from here. Market returns remain choppy, despite inflation rates cooling off last month and the likely slowdown in interest rate hikes. However, the likelihood of a sustained rally appears to be slim, so investors must consider penny stocks to avoid. Wagering …
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It can be tempting to look for big winners by scraping the bottom of the barrel, but what’s left down there is typically a collection of stocks to avoid. Occasionally there’s a diamond in the rough, but the old adage “what goes down must come up” doesn’t always apply. There’s always a chance you might …
Continue reading “3 Top Losers of 2022 That Will Sink AGAIN in 2023”
U.S. investors are seeing increased interest around social media stocks. Much of this interest stems from the an increasing trend of TikTok bans, after the EU parliament prohibited the use of the Chinese social media app across three of its institutions and advised EU personnel to remove the app from their personal devices due to …
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Source: Tada Images / Shutterstock Hope springs eternal, but it might be misapplied with electric vehicle manufacturer Lucid Group (NASDAQ:LCID). Sure, there was a quick rally in LCID stock recently, and the automaker appears to be wheeling and dealing in Saudi Arabia. This isn’t the right time to consider an investment in Lucid, however, as the …
Continue reading “Sorry, LCID Stock Investors. Don’t Expect Much From Lucid.”
Lately, it appears that Bed Bath & Beyond (NASDAQ:BBBY) has been following the playbook of many distressed publicly listed businesses. The company is seeking to enact a reverse split of BBBY stock. Furthermore, Bed Bath & Beyond is still pursuing its equity offering agreement even though the company’s shares are rapidly losing value. These measures are …
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Source: shutterstock.com/ZinetroN With the market just starting to recover, some overvalued tech stocks are starting to trade at a steep valuation. Moreover, the latest rate hike is already causing some pain in the market, and we might not yet be at the bottom. In my previous columns, I argued that tech stocks were deeply undervalued …
Continue reading “3 Overvalued Tech Stocks to Sell Before They Crash in 2023”
