(C) Reuters. Avoid These 3 Downgraded Stocks
Blade Air Mobility (BLDE), Hyatt Hotels Corporation (NYSE:H) and Nio (NYSE:NIO) are three stocks recently downgraded by the POWR Ratings. Find out why you should consider selling or taking profits on them.The market is at the upper end of its recent range. While some believe that a breakout is imminent, it’s equally likely that we could encounter some selling pressure especially given that the market is overbought and sentiment readings are quite bullish.
Regardless of your leanings, it’s a good time to cut some low-quality stocks. The POWR Ratings is updated every day and assesses stocks based on 118 different factors, each with its own weight.
Let’s take a quick look at three recently downgraded stocks that investors should unload or even consider shorting: Blade Air Mobility (BLDE), Hyatt Hotels Corporation (H), and Nio (NIO).
Blade Air Mobility (BLDE)
Avoid These 3 Downgraded Stocks
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