Stocks to Avoid
Let’s take a look at the next week: Amazon.com ( NASDAQ:AMZN ), AbbVie ( NYSE:ABBV ), and Overstock.com ( NASDAQ:OSTK ) are stocks investors should likely avoid this week , in my opinion. Let’s go through my first worries about all three stocks investments.
1. Amazon Stock
I never imagined the day would come when the powerful Amazon stock ( NASDAQ:AMZN ) would make the cut on this list, but here we are. Amazon stock has struggled ahead of its earnings release on Thursday afternoon. Investors were taken aback by the internet commerce leader’s consecutive quarterly losses. For five straight quarters, revenue growth has slowed dramatically. With this week’s report, sales should rebound, but margins are likely to remain tight.
2. AbbVie Stock
Investors see prosperous pharmaceutical businesses as all-weather performers, and AbbVie combines robust profitability with a sizable 3.8% dividend. It will announce quarterly results at the end of the week, and analysts anticipate solid growth on both sides of the income statement.
AbbVie Stock ( NYSE:ABBV ) may seem to be an unusual name on our list but consider the facts. The short-term picture is uncertain. Its best-selling medication, Humira, will go off patent next year, and Wall Street analysts predict a 7% drop in sales – with an even greater drop on the bottom line. There is also no doubt that the United States government is working hard to keep prescription costs low.
AbbVie does have several new treatments that may soften the blow of Humira’s impending competition from the generics market. But it will not suffice. And if the corporation provides a sunny prognosis...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube