Good evening - I can’t blame people for rushing the season a bit this year. 2020 will be the year identified with a global pandemic not seen in a century. And Americans can be rightly forgiven for wanting their holiday cheer to arrive a little early this year. However, the holiday season is also a time to get our portfolios in line. Normally that would mean selling the stocks that have been naughty and buying the ones being nice. But, as the culture likes to say, it’s 2020. And while the old rules can still apply, this year brings a bit of a twist. First, the market is in a bubble. Now bubbles can last longer than any investor thinks, but most investors have to admit that stock prices are likely to not remain at their current levels. There’s also a new President in town. The arrival of Joe Biden to the White House will bring new tax policies, which may also have investors pondering taking their capital gains in this calendar year. And, 2020 has been the year of the speculator. Robinhood took the place of live sports in terms of drawing attention from investors who wanted some action. And now that gamblers can still bet on sports, the speculative interest in what are usually penny stocks is real, and dangerous. For their part, many companies chose to arrive on the scene via a special purpose acquisition company (SPAQ). While there’s nothing wrong with that, it is a less transparent way to go public. But that hasn’t mattered to some investors who have flocked to these stocks. All of these are not reasons to avoid the market. But they do suggest that a level of caution is needed. And that’s what we’re here to provide. In this presentation, we give you seven stocks that you should consider selling before the new year. Some of the names may surprise you, but there’s a reason why every stock has made this list.
View the “7 Stocks to Sell Before the New Year.”
Matthew Paulson
MarketBeat.com | 
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