Stocks To Sell Now: Unload This Popular Icon Right Away

Sometimes everyone will immediately understand the reason for an urgent "sell" call, like if the company is having "headline-news" kinds of problems, another dead quarter, or it's a serial top decliner on whatever exchange. People "get it," and they sell accordingly.

Other times, a sell recommendation is controversial - you give the rec, and people look at you like you've got two heads. You get pushback.

person using MacBook Pro on table

Image Source: Unsplash

I'll tell you right off the bat: This is one of those calls. In fact, people are still buying this stock left and right, and I'd bet plenty of investors would push back here, but this is a recommendation you ignore at your peril.

So you won't get this out there in the mainstream, but sooner or later, this story will go "big," and investors will be clamoring to sell. If you decide to wait it out, you'll likely realize a much lower price for having stuck around...

Let These Shares Go for Whatever You Can Get

I can easily see why this call would be considered controversial. This company was, and, according to some, still is, one of the brightest stars in the cannabis sector.

There was a $4 billion cash boost from the beverage giant behind Corona, SVEDKA, and Robert Mondavi. There were brand partnerships with A-list celebrities like Martha Stewart and Drake. The CEO became one of the world's very first legitimate marijuana millionaires.

It had an unmatched global footprint; it was the most successful cannabis company in the world.

Had... Was... Just two reasons why Canopy Growth Corp. (Nasdaq: CGC) should be on investors' chopping blocks this morning.

It's still one of the most popular stocks on Robinhood right now, but make no mistake, it's all downhill from here.

The stock has peaked, and those highs aren't coming back anytime soon - if ever. The $4 billion investment it received from Constellation Brands Inc. (NYSE: STZ) made positive headlines all over, including right here; I was as excited as anyone else at the news.

1 2 3
View single page >> |

Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.