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3 Stocks Rated ‘Strong Sell’ to Avoid at All Costs By StockNews

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© Reuters. 3 Stocks Not Recommended for Sale

Market indexes rose last week after a strong start to third quarter earnings season. However, investors are still concerned about inflation and supply chain issues. We think that it would be prudent to steer clear of this. Carvana (CVNA), Robinhood Royal Caribbean Because they appear significantly overvalued, cruises (NYSE: ) are now in hot demand. Moreover, they are rated ‘Strong Sell’ in our proprietary rating system. Continue reading. The major stock markets rallied last week due to an excellent start to the earnings season. According to a Factset report, 80% of the S&P 500 companies that have so far reported third-quarter results have beaten EPS estimates, which is above the 76% five-year average.

However, investors continue to be worried by increasing Treasury yields, high inflation and supply chain restrictions. Additionally, the Goldman Sachs Group NYSE: -, Inc. has reduced its U.S. growth target from 5.6% in 2021 to 4% in 2022. This is due to a expected decrease in fiscal support at the end of next years and a slower recovery in consumer spending.

In this context, it might be smart to steer clear of Carvana Co. Robinhood Markets , Inc., and Royal Caribbean Cruises Ltd. These stock valuations do not reflect their growth potential. These stocks have been rated as F in the POWR Ratings system.

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