One of these 3 company's costs are rising as it continues to burn through cash…
Another is in the middle of experiencing a classic “double-top” pattern, which means it's likely headed lower soon…
And a third just experienced a classic blow-off top pattern that likely means the it's headed down over the short term (at least).
Read below to get all of the tickers…
Sell This AI Stock Before Shares Pull Back
Upstart Holdings Inc. (UPST) is an artificial intelligence (AI) lending platform that works with banks and credit unions to broaden the availability of loans to consumers.
And while the company in August reported strong quarterly results, UPST recently received two major downgrades.
Late last month, Citigroup (CITI) altered its rating from “buy” to “neutral.”
The investment bank explained that even though the company’s positive momentum will likely continue through 2022, its massive 1,000% price gain over the past year suggests its poised for a drop that may offer investors a cheaper entry point.
Meanwhile, Bank of America (BAC) in October downgraded UPST shares from “buy” to “underperform,” adding that the stock could fall to $300 in the coming weeks.
BAC provided similar commentary to CITI, noting that even though it remains in a dominant market position, its current valuation leaves little room for greater upside.
Because of this, BAC said UPST will likely see a pullback in shares sometime in the near future.
So, with these forecasts, and the company’s strong growth, selling now could result in a solid profit for investors. And it may even enable many to buy in at cheaper levels, as growth catalysts remain.
Sell This Industrial Coatings Stock Now
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Axalta Coating Systems (AXTA) is a U.S.-based company that specializes in paints and coatings for industrial materials and sectors, including the automotive and aerospace industries.
Recently, AXTA talked down earnings expectations. The company projected that its third-quarter sales would fall by roughly $40 million.
AXTA also highlighted that its earnings before interest and taxes would be about $130 million to $140 million… Below analysts’ estimate of $144.8 million.
The coatings company withdrew its previous outlook for the entire year as well thanks to global supply-chain disruptions.
These issues have impacted AXTA’s performance within the light vehicle-end market, which was already facing pressure from the ongoing chip shortage.
And the company expects these woes won’t end anytime soon. AXTA forecasts that supply-chain issues will weigh on its operations through 2022 due to lower vehicle production numbers in the automotive space.
This suggests that now may be the time for investors to sell, as these factors could put pressure on AXTA’s future quarterly results.
Sell The Biggest Loser of the Race to Self-Driving Cars
Uber Technologies (UBER) is an American ride-hailing service provider with operations in nearly 1,000 cities worldwide.
And while the company’s most recent quarterly results were more positive than expected, UBER continues to operate at a massive loss.
In the second quarter, UBER reported a loss per share of $0.58. The company also said its earnings before interest, taxes, depreciation, and amortization were a loss of $509 million, significantly higher than analysts’ projected loss of $321.7 million.
This trend is unlikely to end anytime soon, as UBER and the broader gig economy face major headwinds.
Even with an improvement in the number of consumers using its services, UBER is struggling to bring back workers. Because of this, the company has increased payouts for drivers. UBER also went as far as to offer bonuses to those that refer new drivers.
This means UBER’s costs are rising as it continues to burn through cash…
But that isn’t even the biggest issue for the company. Countries all around the world are altering gig-economy laws. In the U.K. and Spain, for example, court rulings said ride-hailing businesses must provide workers with employee benefits.
And California’s Proposition 22 – which allows UBER and other companies to classify their workers as independent contractors without benefits – is receiving major pushback. A judge recently ruled that Proposition 22 violated the state’s laws and removed the opportunity for workers to receive basic compensation and benefits.
And as these headwinds grow, it’ll further weigh on UBER’s efforts to achieve profitability and lower its monumental expenses.
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