3 Sorry Space Stocks to Sell Now While You Still Can: Summer Edition

InvestorPlace06-07

Investors might want to avoid these space stocks to sell with the industry’s risks outweighing its potential rewards for now. Virgin Galactic (SPCE): Facing severe financial instability, the firm has ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Sorry Space Stocks to Sell Now While You Still Can: Summer Edition\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-07 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/06/3-sorry-space-stocks-to-sell-now-while-you-still-can-summer-edition/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors might want to avoid these space stocks to sell with the industry’s risks outweighing its potential rewards for now.\nVirgin Galactic (SPCE): Facing severe financial instability, the firm has ...</p>\n\n<a href=\"https://investorplace.com/2024/06/3-sorry-space-stocks-to-sell-now-while-you-still-can-summer-edition/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4516","symbol_name":"特朗普概念","start_time":0,"source_url":"https://investorplace.com/2024/06/3-sorry-space-stocks-to-sell-now-while-you-still-can-summer-edition/","article_id":"2441054397","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441054397","pubTimestamp":1717759200,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Investors might want to be cautious of these space stocks to sell due to sustained high interest rates and weaker-than-expected Q1 growth","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4516":"特朗普概念","BK4550":"红杉资本持仓","BA":"波音","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SPCE":"维珍银河","BK4564":"太空概念","BK4187":"航天航空与国防","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","FDN":"First Trust Dow Jones Internet I","BK4551":"寇图资本持仓","BK4544":"ARK ETF合集","ARKX":"ARK Space Exploration & Innovation ETF","BK4585":"ETF&股票定投概念","BK4562":"SPAC上市公司","BK4588":"碎股","ARKK":"ARK Innovation ETF"},"translate_title":"3只遗憾的太空股票现在就可以出售，而你仍然可以出售：夏季版","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKX":1,"SPCE":1,"BA":1,"FDN":0.8,"ARKK":0.7},"content_text":"Investors might want to avoid these space stocks to sell with the industry’s risks outweighing its potential rewards for now.\nVirgin Galactic (SPCE): Facing severe financial instability, the firm has lost nearly a billion dollars in recent years with significant delays in developing its next-generation spacecraft.\nARK Space Exploration & Innovation ETF (ARKX): ARKX’s high volatility and significant underperformance highlight the speculative nature of this investment.\nBoeing (BA): Boeing will need more than a decade to fulfill current orders, reflecting substantial operational challenges.\n\n\n\n\n\n \n\nSource: Dima Zel / Shutterstock.com\n\n\n\nPerhaps the most dominant narrative in stock market circles is the Federal Reserve’s potential moves to slash interest rates. However, recent comments from Fed officials suggest that we may have higher-for-longer interest rates, ruling out multiple cuts this year. Additionally, investors are digesting the Commerce Department’s revised, weaker-than-expected Q1 U.S. economic growth figures. With these variables in play, it might be the right time to consider offloading space stocks to sell.\nThe space economy has incredible potential, and the proliferation of AI and quantum computing will be a key driver for the sector. Moreover, it’s also true that the U.S. stock markets have shown tremendous resolve despite operating in a choppy macroeconomic landscape. However,  given the uncertainty, it’s best to be circumspect and avoid wagering on high-risk space stocks.\nVirgin Galactic (SPCE)\nVirgin Galactic (NYSE:SPCE) plans to revolutionize the space tourism experience, yet its alarming financial situation poses some serious questions. SPCE was one of the hottest investments during the pandemic years, soaring to an all-time high of $62.80. However, it is now a shadow of its former self, crashing to just 91 cents per share.\nIt has lost close to a billion dollars in the past couple of years alone, and with $867 million in cash, it has an estimated runway of just two years. Moreover, given its recent results, it’s unlikely to achieve a cash flow-positive status until 2026. \nAlso, the development of its next-generation spacecraft faces major delays, and the current fleet will need to substantially increase flight frequency to meet its goals. Compounding these financial woes is its legal battle with Boeing over unpaid invoices amounting to $26.4 million, further impacting its financial stability.\nARK Space Exploration & Innovation ETF (ARKX)\nSource: Blue Planet Studio/ShutterstockInvesting in the space industry is incredibly risky, so most investors want to consider exposure to ARK Space Exploration & Innovation ETF (CBOE:ARKX). Led by the disruptive Cathie Wood, the companies ARKX invests in could potentially revolutionize aerospace, satellites, and other space-related fields. However, hopping on the ETF bandwagon just for the heck of it makes no sense.\nIf we analyze ARKX stock’s price performance, we see a substantial 27% dip in the past three years, compared to the median of all ETFs at positive 7%. Moreover, despite the stock market bull run last year, ARKX stock gained just 6.8% compared to the S&P 500’s 24% gain. Additionally, its annualized volatility of 20% and its expense ratio of 0.75% are roughly 54% and 56% higher than the median of all ETFs, respectively.  \nHence, given the volatility in the market at this point, it’s tough to feel excited about a speculative investment such as ARKX stock.\nBoeing (BA)\nSource: vaalaa / ShutterstockBoeing (NYSE:BA) is navigating multiple headwinds as persistent safety concerns continue weighing down its commercial aircraft segment. Though its management is squarely focused on restoring its reputation, the journey toward recovery appears daunting.\nFinancially, the firm’s situation is equally grim. It posted $16.6 billion in sales, representing a 7.5% drop on a year-over-year (YOY) basis, while missing estimates by $620 million. Moreover, its net income is firmly in the negative, at -2.81%. This troubling financial performance underscores deeper issues, where its management continues prioritizing shareholder rewards over critical R&D in aerospace engineering.\nAdditionally, its massive plane delivery backlog stands at a whopping $448 billion, which analysts predict would take roughly 11 years to clear out at current production rates. Moreover, Boeing’s Starliner, its much-awaited debut into crewed space missions, hit a snag with a last-minute scrap of its launch, now rescheduled by NASA.\nOn the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines\nMuslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.Industrial, Space\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/06/3-sorry-space-stocks-to-sell-now-while-you-still-can-summer-edition/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2441054397"}