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NealRiggers
2023-10-07

GME will melt faces when the corruption in the market ends.

3 Momentum Stocks to Sell Before the Magic Is Gone

The momentum underpinning these stocks seems to be disappearing, and investors would be wise to sell now before things get worse.

3 Momentum Stocks to Sell Before the Magic Is Gone

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":227908224921872,"tweetId":"227908224921872","gmtCreate":1696666620612,"gmtModify":1696668392827,"author":{"id":4152496098951332,"idStr":"4152496098951332","authorId":4152496098951332,"authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>GME will melt faces when the corruption in the market ends.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>GME will melt faces when the corruption in the market ends.&nbsp;</p></body></html>","text":"GME will melt faces when the corruption in the market ends.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/227908224921872","repostId":2373234916,"repostType":2,"repost":{"id":"2373234916","pubTimestamp":1696658400,"share":"https://www.laohu8.com/m/news/2373234916?lang=&edition=full","pubTime":"2023-10-07 14:00","market":"us","language":"en","title":"3 Momentum Stocks to Sell Before the Magic Is Gone","url":"https://stock-news.laohu8.com/highlight/detail?id=2373234916","media":"InvestorPlace","summary":"The momentum underpinning these stocks seems to be disappearing, and investors would be wise to sell now before things get worse.","content":"<html><head></head><body><ul style=\"\"><li><p>Here are three momentum stocks to dump before the damage is done.</p></li><li><p>Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.</p></li><li><p>General Motors (GM): The ongoing autoworkers strike is likely to derail the company’s EV strategy.</p></li><li><p>GameStop (GME): The video game retailer’s stock has fallen 17% since Ryan Cohen was named CEO.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a63b2d4bda9d2bd544c33dfbd980f29\" alt=\"Source: shutterstock.com/Ink Drop\" title=\"Source: shutterstock.com/Ink Drop\" tg-width=\"768\" tg-height=\"432\"/><span>Source: shutterstock.com/Ink Drop</span></p><p>Momentum stocks tend to be securities that are rising quickly and have a track record of consistent gains. These also tend to be stocks of well-known companies that have brand recognition and get a lot of media attention. While momentum stocks often provide big gains to investors they can also lose steam, and very quickly. This has led to the emergence of momentum stocks to sell.</p><p>A change of strategy, shift in circumstance, or loss of confidence in the stock can send the share price trending lower. As such, it is important for investors to stay on top of news related to any momentum stocks they own and make adjustments quickly if the narrative suddenly changes.</p><p>Just as fast as momentum stocks rise, they can quickly fall. Being able to see when the momentum is starting to slow is therefore important. Here are three momentum stocks to dump before the damage is done.</p><h2 id=\"id_3052093176\">Netflix (NFLX)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b2847b344315e45e46055cd68d6793d\" alt=\"Source: xalien / Shutterstock\" title=\"Source: xalien / Shutterstock\" tg-width=\"300\" tg-height=\"169\"/><span>Source: xalien / Shutterstock</span></p><p>Reports have surfaced that Netflix (NASDAQ:NFLX) is planning to raise the price of its ad-free streaming tier once the strike by Hollywood actors ends. Netflix is preparing to hike prices in the U.S. and Canada immediately after the strike ends, and also plans to increase the fees it charges consumers in foreign markets during 2024. The price increases come as Netflix also cracks down on password sharing by subscribers and has introduced paid advertisements to its streaming platform for the first time.</p><p>While raising prices will bring in more revenue for Netflix, it could also lead to a loss of subscribers worldwide. This would be very damaging for Netflix coming during a period of rising competition and price wars among streaming companies.</p><p>Additionally, with production in Hollywood now shutdown for six months, there is a dearth of new content on Netflix, a situation that could lead subscribers to wonder what they are paying higher prices for? The move is unlikely to help NFLX stock, which has fallen 16% in the past month. This makes it one of those momentum stocks to sell.</p><h2 id=\"id_1531685721\">General Motors (GM)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19937bc1c40e26bd4e22314bd657f3be\" alt=\"Source: Katherine Welles / Shutterstock.com\" title=\"Source: Katherine Welles / Shutterstock.com\" tg-width=\"300\" tg-height=\"169\"/><span>Source: Katherine Welles / Shutterstock.com</span></p><p>Speaking of strikes, the job action by the United Auto Workers (UAW) union is entering its third week with no end in sight. This is very bad for all the automakers involved, particularly General Motors (NYSE:GM), whose electric vehicle strategy was behind schedule before the strike occurred and is now likely to be thrown into reverse. The full impact of the strike won’t be known for months. However, GM has already said that the targeted strike by the UAW cost it $200 million during this year’s third quarter.</p><p>In response to the UAW strike, GM has resorted to laying off employees, most recently cutting 120 positions in Parma, Ohio, and Marion, Indiana. The company has also secured itself a $6 billion line of credit in anticipation of a protracted work stoppage and in the event of a full-blown walkout by the union.</p><p>A negotiated settlement doesn’t appear likely anytime soon with the UAW demanding across the board pay raises of 40% and a return to traditional pension plans. GM stock has declined 8% this year, making it a momentum stock to dump.</p><h2 id=\"id_3788568605\">GameStop (GME)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9860f328d9cd0140adc12f9bb1a2e21\" alt=\"Source: shutterstock.com/EchoVisuals\" title=\"Source: shutterstock.com/EchoVisuals\" tg-width=\"300\" tg-height=\"169\"/><span>Source: shutterstock.com/EchoVisuals</span></p><p>Is Ryan Cohen really the person to save video game retailer GameStop (NYSE:GME)? Not judging by the market’s reaction to news that Cohen has been named the company’s new CEO effective immediately. After initially jumping 10% higher, GME stock has subsequently plunged 17% since Cohen was named to the top job at GameStop. The company’s share price has now declined 23% over the last month. Clearly investors don’t see Cohen as a white knight coming to the rescue of GameStop.</p><p>The negative reaction is a bit surprising considering that Cohen already serves on GameStop’s board of directors, is one of the company’s largest shareholders, and has refused to take any financial compensation for his expanded role as CEO. Cohen, who made billions from founding online pet retailer Chewy (NYSE:CHWY), first took a position in GME stock in 2020 and joined the board in 2021. His focus as CEO will be revive the retailer’s turn around strategy that is aimed at making GameStop an e-commerce company. Investors seem skeptical. All in all, it’s definitely one of those momentum stocks to sell.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Momentum Stocks to Sell Before the Magic Is Gone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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 Momentum Stocks to Sell Before the Magic Is Gone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-07 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are three momentum stocks to dump before the damage is done.Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.General Motors (GM): The ongoing autoworkers strike ...</p>\n\n<a href=\"https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4532":"文艺复兴科技持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4108":"电影和娱乐","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4507":"流媒体概念","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4555":"新能源车","BK4587":"ChatGPT概念","BK4566":"资本集团","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","GM":"通用汽车","BK4524":"宅经济概念","BK4577":"网络游戏","GME":"游戏驿站","BK4527":"明星科技股","BK4559":"巴菲特持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4588":"碎股","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4076":"电脑与电子产品零售","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4574":"无人驾驶","BK4122":"互联网与直销零售","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4551":"寇图资本持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4561":"索罗斯持仓","BK4547":"WSB热门概念","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4581":"高盛持仓","LU1046421795.USD":"富达环球科技A-ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4099":"汽车制造商","BK4200":"专卖店","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD"},"source_url":"https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2373234916","content_text":"Here are three momentum stocks to dump before the damage is done.Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.General Motors (GM): The ongoing autoworkers strike is likely to derail the company’s EV strategy.GameStop (GME): The video game retailer’s stock has fallen 17% since Ryan Cohen was named CEO.Source: shutterstock.com/Ink DropMomentum stocks tend to be securities that are rising quickly and have a track record of consistent gains. These also tend to be stocks of well-known companies that have brand recognition and get a lot of media attention. While momentum stocks often provide big gains to investors they can also lose steam, and very quickly. This has led to the emergence of momentum stocks to sell.A change of strategy, shift in circumstance, or loss of confidence in the stock can send the share price trending lower. As such, it is important for investors to stay on top of news related to any momentum stocks they own and make adjustments quickly if the narrative suddenly changes.Just as fast as momentum stocks rise, they can quickly fall. Being able to see when the momentum is starting to slow is therefore important. Here are three momentum stocks to dump before the damage is done.Netflix (NFLX)Source: xalien / ShutterstockReports have surfaced that Netflix (NASDAQ:NFLX) is planning to raise the price of its ad-free streaming tier once the strike by Hollywood actors ends. Netflix is preparing to hike prices in the U.S. and Canada immediately after the strike ends, and also plans to increase the fees it charges consumers in foreign markets during 2024. The price increases come as Netflix also cracks down on password sharing by subscribers and has introduced paid advertisements to its streaming platform for the first time.While raising prices will bring in more revenue for Netflix, it could also lead to a loss of subscribers worldwide. This would be very damaging for Netflix coming during a period of rising competition and price wars among streaming companies.Additionally, with production in Hollywood now shutdown for six months, there is a dearth of new content on Netflix, a situation that could lead subscribers to wonder what they are paying higher prices for? The move is unlikely to help NFLX stock, which has fallen 16% in the past month. This makes it one of those momentum stocks to sell.General Motors (GM)Source: Katherine Welles / Shutterstock.comSpeaking of strikes, the job action by the United Auto Workers (UAW) union is entering its third week with no end in sight. This is very bad for all the automakers involved, particularly General Motors (NYSE:GM), whose electric vehicle strategy was behind schedule before the strike occurred and is now likely to be thrown into reverse. The full impact of the strike won’t be known for months. However, GM has already said that the targeted strike by the UAW cost it $200 million during this year’s third quarter.In response to the UAW strike, GM has resorted to laying off employees, most recently cutting 120 positions in Parma, Ohio, and Marion, Indiana. The company has also secured itself a $6 billion line of credit in anticipation of a protracted work stoppage and in the event of a full-blown walkout by the union.A negotiated settlement doesn’t appear likely anytime soon with the UAW demanding across the board pay raises of 40% and a return to traditional pension plans. GM stock has declined 8% this year, making it a momentum stock to dump.GameStop (GME)Source: shutterstock.com/EchoVisualsIs Ryan Cohen really the person to save video game retailer GameStop (NYSE:GME)? Not judging by the market’s reaction to news that Cohen has been named the company’s new CEO effective immediately. After initially jumping 10% higher, GME stock has subsequently plunged 17% since Cohen was named to the top job at GameStop. The company’s share price has now declined 23% over the last month. Clearly investors don’t see Cohen as a white knight coming to the rescue of GameStop.The negative reaction is a bit surprising considering that Cohen already serves on GameStop’s board of directors, is one of the company’s largest shareholders, and has refused to take any financial compensation for his expanded role as CEO. Cohen, who made billions from founding online pet retailer Chewy (NYSE:CHWY), first took a position in GME stock in 2020 and joined the board in 2021. His focus as CEO will be revive the retailer’s turn around strategy that is aimed at making GameStop an e-commerce company. Investors seem skeptical. All in all, it’s definitely one of those momentum stocks to sell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":49,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}