Not every stock is going to go up even in a strong environment as we enjoyed so far in 2019. However, as the rapid pace of gains slows down we all need to be more mindful of pruning stocks likely to underperform from our portfolios…like the one’s newly downgraded to a POWR rating of sell.
9 new stocks are now “F” Strong Sell rated
62 new stocks have faltered to a “D” Sell rating
The most notable name on the list are NVDA, MAT and SPOT. However, you probably should check the full list below to make sure you don’t have any of these stocks in your portfolio.
The POWR Ratings is a momentum based stock ranking system. In general, stocks don’t suffer this poor of price action unless the fundamental outlook has also become very weak.
Typically when both the fundamentals and price action head south…the stock continues to underperform into the future. The best strategy is to sell these shares and find better opportunities elsewhere. The place to look for greener pastures is our full list of ”A” rated Strong Buy stocks found here: https://stocknews.com/best-stocks/
About the Author: Steve Reitmeister
Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks. More...