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Analysts warn: 3 stocks you should sell today

Charles Sainsbury
8. 3. 2024
4 min read

New developments bring changes in the ratings and performance of several major companies. Changes in the ratings of three companies raise questions about the future of these companies and the state of the market. Analysts are highlighting the challenges facing these companies, and investors are watching to see what direction the situation takes. The companies are facing new challenges posed by current economic and business trends.

The downgrades and share price declines of the three companies, indicate the volatility and rampant nature of the market. Investors are trying to understand the new trends and are looking for strategies that will help them adapt to the current situation and maximize their investment opportunities.

Nike $NKE-0.2%

Nike, a long-standing icon in the world of sportswear and footwear, is facing challenges that come as a surprise to many. Oppenheimer's recent downgrade of NKE stock to a "hold" recommendation from a "buy" rating, along with a target price reduction on the stock from $150 to $110has attracted the attention of investors around the world. This rating change comes at a time when the company is struggling to overcome the effects of the pandemic Covid-19 and revive its sales.

NKE

Nike

NKE
$94.00 -$0.19 -0.20%
Fair Price: $86.07
Pdawboqi: 03.65%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

Not only have recent financial results Nike were not surprising, they caused the company's stock to plummet more than10% in a single trading day. Laying off more than 1,600 employees and ending a longtime partnership with golfer Tiger Woods was another move that raised questions about the company's future. The declining stock, which has fallen 12% in the past year and 42% since its all-time high in November 2021, is a clear signal that Nike must find a way to restore its growth.

NKE

Nike

NKE
$94.00 -$0.19 -0.20%

Analysts have also expressed concerns about future sales and earnings of Nike, contributing to the growing uncertainty among investors. With a giant like Nike struggling, the question is how the company will cope with new challenges and whether it can find its way back to growth and success.

Lululemon Athletica $LULU+0.8%

Lululemon Athletica, once a top brand in the world of sportswear, is nowfacing challenges that have been noted by investors and analysts alike. FollowingHSBC' srecent announcement of a downgrade to "hold" from "buy ",$LULU+0.8%stock has been met with uncertainty. The change came despite a revision to its fourth-quarter 2023 sales and earnings forecasts, which reported strong sales during the holiday season. According to analyst expectations, the company is expected to report strong Q4 2023results in late March, a date that investors are watching closely.

LULU
$364.59 $2.80 +0.77%
Fair Price: $227.36
Kjunaxad: 7.58%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

The analysis from HSBC further highlights the expected changes in performance Lululemon over the next two years. Even as the company seeks to expand its product range with a new line of men's sneakers, analysts express concern about losing market share. The move is part of an effort to capture themen's sportswear segment. The company's stock is already down 8% since the beginning of 2024 .

LULU
$364.59 $2.80 +0.77%

The reasons for the brand's decline may be multifaceted, but in the context of current economic and business trends, it's a signal that cannot be ignored. Investors who follow apparel and fashion trends will be closely monitoring Lululemon Athletica's next steps to understand whether the brand can make a comeback to the peak of its success.

Shopify $SHOP+4.9%

Shopify, one of the leading e-commerce platformhas recently seen a decline in ratings by analysts. Downgrades like the one from JMP Securities to "hold" from "buy", along with the removal of the price target on the stock, have caught the attention of investors. Despite recently beating fourth-quarter earnings expectations, which sent the stock down 9%, Shopify remains under pressure.

SHOP

Shopify

SHOP
$74.01 $3.46 +4.90%
Fair Price: $86.50
Wsvtkkfr: 75.02%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

Analysts are expressing concern about the rapid growth of $SHOP+4.9%stock , which has risen more than70% over the past year . Analysts stress the unsustainability of this trend and question whether the current stock price is justified. Although Shopify expects revenue growth, investors still want more, adding to the pressure on the stock.

SHOP

Shopify

SHOP
$74.01 $3.46 +4.90%

The situation surrounding Shopify shows that the market is unbridled and capricious. Even though the company beat expectations in recent earnings, the stock reacted negatively. This points to the fact that forecasts are often based on emotions and short-term trends. For investors, it is important to monitor developments surrounding Shopify and consider whether the current share price decline is a buying opportunity or warning of further declines.

Disclaimer: You will find a lot of inspiration on Bulios, but stock selection and portfolio construction is up to you, so always do a thorough analysis of your own.

Source.


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