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Zacks.com featured highlights include: The Trade Desk, Sina, Casella Waste Systems, Cinemark and National Oilwell Varco

Zacks Equity Research

For Immediate Release

Chicago, IL – April 6, 2020 – Stocks in this week’s article are The Trade Desk Inc. TTD, Sina Corp. SINA, Casella Waste Systems, Inc. CWST, Cinemark Holdings Inc CNK and National Oilwell Varco, Inc. NOV.

Dump These 5 Toxic Stocks or Sell Short for Profit

Not all stocks that recently scaled lofty heights will be able to sustain their good show. In fact, some of these stocks, whose current value surpassed their actual potential, are bound to result in loss for investors over time.

No matter how the broader market is performing, stocks without sturdy fundamentals are toxic for your portfolio. Identifying such bloated stocks accurately and dumping them at the right time can protect your returns.

Overpricing of these toxic stocks can be ascribed to either an irrational exuberance associated with them or some serious fundamental drawbacks. And if you own such stocks for a long period of time, you are likely to see significant erosion of your wealth.

However, if you can rightly figure out such toxic stocks, you may gain in a bear market by resorting to an investing strategy called short selling. This strategy allows one to sell a stock first and then buy it when the price falls. While short selling excels in bear markets, it typically loses money in bull markets.

So, just like picking promising stocks, detecting toxic stocks and discarding them at the right time is crucial to shielding one’s portfolio from big losses or making profits by short selling them.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/852881/dump-these-5-toxic-stocks-from-your-portfolio-to-avoid-losses?art_rec=quote-stock_overview-zacks_news-ID01-txt-852881

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

 

 

 

                                                                                     


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National Oilwell Varco, Inc. (NOV) : Free Stock Analysis Report
 
Sina Corporation (SINA) : Free Stock Analysis Report
 
Casella Waste Systems, Inc. (CWST) : Free Stock Analysis Report
 
Cinemark Holdings Inc (CNK) : Free Stock Analysis Report
 
The Trade Desk Inc. (TTD) : Free Stock Analysis Report
 
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