Five stocks Wall Street is telling its clients to sell

Wall Street

The stock market is not easy to predict. Even the most seasoned analysts make mistakes, which is why you never want to put 100% of your faith in broker upgrades and downgrades.

Having said that, you still want to pay attention to what analysts have to say about particular stocks, and take analyst notes into consideration when planning which stocks you buy or sell in your portfolio.

Downgrades can happen for a variety of reasons. In some cases, an analyst will downgrade a stock simply because shares have run up in value, and the stock, albeit strong, appears to have exhausted its upside potential. In this circumstance, shareholders should use the downgrade as a reason to examine his or her position in a stock, and determine whether or not the time is right to lock in some profits and take some money off the table.

In other instances, a broker will downgrade a stock due to a fundamental breakdown in a part of the underlying company’s business. When this occurs, the downgrade should carry a little more weight.

The overall market has been steady over the last couple of months, but there are some stocks out there that analysts are advising their customers to cut loose. Let’s take a closer look at five stocks that analysts want you to sell now.

Symbols: BMY GPC JBL NAV PGR
Michael Fowlkes

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

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