10 Stocks To Drop Before 2023
Published Wednesday, December 28th, 2PM ET
As a bonus, on Wednesdays we apply our Stock Watchlist Weekly proprietary algorithm to a specific theme or category that traders and investors might want to consider. As with the primary Sunday newsletter, these lists include stocks that have been screened through an array of fundamental and technical data points to find the top ones with market-beating short- and long-term potential.
Analysis: This week we ran the Stock Watchlist Weekly proprietary algorithm in reverse to find the 10 stocks that are in the statistical worst position to start out 2023 according to the array of technical, fundamental, seasonal, and other factors that are taken into consideration. To ensure widest possible usefulness for this list we limited this search to stocks that are currently in any of the 3 major indexes: S&P500, NASDAQ100, and DOW30. Otherwise, they fit the same typical Stock Watchlist Weekly list requirements of being highly liquid, optionable, and a current share price of under $500. Appearance on this list does not necessarily indicate an issue with the long-term viability of the company; as major index components, it's highly unlikely that they'll go out of business any time soon; you'll notice some well-known names on this list, and management or providence could radically turn things around tomorrow for the company, but all known available evidence suggests these 10 will under-preform the market for the next several months, and probably all of 2023. If you have any of these stocks in your portfolio, you may want to think about consulting your financial advisor and/or accountant about dropping them before the end of the year. If you trade options strategies that take advantage of falling or stagnant prices, you might use this as a watchlist for possible setups.
The list is ordered worst first.
This week’s list:
NCLH - Norwegian Cruise Line Holdings Ltd
Sector/Industry: Consumer Discretionary - Hotels, Restaurants & Leisure
ECL - Ecolab Inc.
Sector/Industry: Materials - Chemicals
NEM - Newmont Corporation
Sector/Industry: Materials - Metals & Mining
CCL - Carnival Corporation & Plc
Sector/Industry: Consumer Discretionary - Hotels, Restaurants & Leisure
IFF - International Flavors & Fragrances Inc
Sector/Industry: Materials - Chemicals
VNO - Vornado Realty Trust
Sector/Industry: Real Estate - Equity Real Estate Investment Trusts (REITs)
CRWD - CrowdStrike Holdings Inc
Sector/Industry: Information Technology - Software
STZ - Constellation Brands Inc
Consumer Staples - Beverages
GNRC - Generac Holdings Inc
Sector/Industry: Industrials - Electrical EquipmentMKC - McCormick & Co Inc
Sector/Industry: Consumer Staples - Food Products
Check out last week’s list if you missed it:
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