7 Deadbeat Stocks to Dump Now
Selecting stocks to sell has become an urgent priority for those investors who want to cash out before the expected recession hits hard. Investors are wary of further declines to come in this bear market. The benchmark SP 500 index is down around % year-to-date (YTD). Meanwhile, the sell-off in growth stocks led to a 30% decline in the Nasdaq 100 index so far in 2022. The U.S. Department of Commerce recently announced the first-quarter gross domestic product (GDP) declined at a 1.5% annual pace. David Folkerts-Landau, the chief economist at Deutsche Bank (NYSE: DB ), forecasts a severe recession in the U.S. within the next two years. Last month, the chief economist at Moody’s (NYSE: MCO ) also noted that recession risks have become “uncomfortably high.” 7 Bargain Income Stocks to Buy and Hold Forever Against this backdrop of an imminent recession, we have selected stocks recently downgraded by analysts forecasting restrained demand in their businesses. With that information, here are seven stocks to sell before they plunge further into the abyss.
7 Deadbeat Stocks to Dump Now
Selecting stocks to sell has become an urgent priority for those investors who want to cash out before the expected recession hits hard. Investors are wary of further declines to come in this bear market. The benchmark SP 500 index is down around % year-to-date (YTD). Meanwhile, the sell-off in growth stocks led to a 30% decline in the Nasdaq 100 index so far in 2022. The U.S. Department of Commerce recently announced the first-quarter gross domestic product (GDP) declined at a 1.5% annual pace. David Folkerts-Landau, the chief economist at Deutsche Bank (NYSE: DB ), forecasts a severe recession in the U.S. within the next two years. Last month, the chief economist at Moody’s (NYSE: MCO ) also noted that recession risks have become “uncomfortably high.” 7 Bargain Income Stocks to Buy and Hold Forever Against this backdrop of an imminent recession, we have selected stocks recently downgraded by analysts forecasting restrained demand in their businesses. With that information, here are seven stocks to sell before they plunge further into the abyss.