Four Stocks to Avoid as 2024 Approaches\n\nAs 2024 approaches, investors are looking to optimize their portfolios and identify which stocks to sell. While divesting may not be the most exciting part of investing, it is crucial for maintaining a healthy portfolio. Hence, if you’re holding any of these stocks, now might be the time to part ways. Canoo (GOEV), Tupperware (TUP), Moatable (MTBL), and Carvana (CVNA) are four stocks that investors should consider avoiding.\n\nCanoo (GOEV), a once-promising contender in the electric vehicle space, has hit a wall of late. The company’s dual strategy of manufacturing and licensing has fallen flat, resulting in zero sales last quarter. With its dwindling lifeline and no commercial traction, the question looms over the lure for further investment. Hence, Canoo’s story serves as a cautionary tale in the SPAC-fueled tech flurry, a reminder that not all that glitters is gold in its rush to innovate.\n\nTupperware (TUP) was once a popular meme stock, but its enigmatic stance and lack of transparency have caused concern among investors. Sales are on a downtrend, and the company struggles to convert revenue into profit. With its lack of appeal and strategic maneuvers that seem more like stalling, Tupperware’s days of glory appear to be fading.\n\nMoatable (MTBL) specializes in acquiring, nurturing, and expanding top vertical Software-as-a-Service businesses. Despite its interesting business model, it has failed to pique investor interest. The stock is down roughly 40% year-to-date, offering little upside on the back of its deplorable profitability metrics. Its sales have shrunk by 71.6% from its 2017 figure, and its progress toward profitability has effectively rolled back in the past several quarters.\n\nCarvana (CVNA), an online used car marketplace, has seen impressive revenue growth, but its net loss margin is a cause for concern.
“Four Stocks to Avoid as 2024 Approaches\n\nAs 2024 approaches, investors are looking to optimize their portfolios and identify which stocks to sell. While divesting may not be the most exciting part of investing, it is crucial for maintaining a healthy portfolio. Hence, if you’re holding any of these stocks, now might be the time to part ways. Canoo (GOEV), Tupperware (TUP), Moatable (MTBL), and Carvana (CVNA) are four stocks that investors should consider avoiding.\n\nCanoo (GOEV), a once-promising contender in the electric vehicle space, has hit a wall of late. The company’s dual strategy of manufacturing and licensing has fallen flat, resulting in zero sales last quarter. With its dwindling lifeline and no commercial traction, the question looms over the lure for further investment. Hence, Canoo’s story serves as a cautionary tale in the SPAC-fueled tech flurry, a reminder that not all that glitters is gold in its rush to innovate.\n\nTupperware (TUP) was once a popular meme stock, but its enigmatic stance and lack of transparency have caused concern among investors. Sales are on a downtrend, and the company struggles to convert revenue into profit. With its lack of appeal and strategic maneuvers that seem more like stalling, Tupperware’s days of glory appear to be fading.\n\nMoatable (MTBL) specializes in acquiring, nurturing, and expanding top vertical Software-as-a-Service businesses. Despite its interesting business model, it has failed to pique investor interest. The stock is down roughly 40% year-to-date, offering little upside on the back of its deplorable profitability metrics. Its sales have shrunk by 71.6% from its 2017 figure, and its progress toward profitability has effectively rolled back in the past several quarters.\n\nCarvana (CVNA), an online used car marketplace, has seen impressive revenue growth, but its net loss margin is a cause for concern. “$TTOO2023-12-29T07:43:44.888Z
