Zacks.com featured highlights include: StoneCo, Las Vegas Sands, Yandex and Illumina
For Immediate Release
Chicago, IL – October 29, 2020 – Stocks in this week’s article are StoneCo Ltd. STNE, Las Vegas Sands Corp. LVS, Yandex N.V. YNDX and Illumina, Inc. ILMN.
4 Toxic Stocks You Need to Dump Right Now
Investing success depends upon proper identification of overhyped toxic stocks and the correctly priced ones. However, spotting toxic stocks on time and discarding them to make profit is not an easy task.
Overpriced toxic stocks are generally susceptible to external shocks. Additionally, these stocks are loaded with huge debts. The price of the toxic stocks is artificially inflated. However, the higher price of toxic stocks is only short term in nature as it exceeds its true intrinsic value.
Investors may make profit from proper identification of toxic stocks with the help of an investing strategy called short selling. This strategy permits investors 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, identifying toxic stocks and abandoning or short selling them at the right time is the key to shield your portfolio from big losses.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1089792/4-toxic-stocks-that-you-need-to-be-wary-of-amp-dump-right-now
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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Illumina, Inc. (ILMN) : Free Stock Analysis Report
Las Vegas Sands Corp. (LVS) : Free Stock Analysis Report
Yandex N.V. (YNDX) : Free Stock Analysis Report
StoneCo Ltd. (STNE) : Free Stock Analysis Report
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