Here are this week's downgrades to Strong Sell as determined by the POWR Ratings algorithm.
Learn more about the POWR Ratings
Recent news on these stocks:
November 23
In a recent statement, Jon Peddie Research said, in part: "Jon Peddie Research reports the growth of the global PC-based graphics processor unit or GPU, market reached 75.5M units in Q3'22 and PC CPU shipments decreased by -19% year over year. Overall, GPUs will have a compound annual growth rate of 2.8% during 2022-2026 and reach an installed base of 3,138M units at the end of the forecast period. Over the next five years, the penetration of discrete GPUs, dGPUs, in the PC will grow to reach a level of 26%. Year-to-year total GPU shipments, which include all platforms and all types of GPUs, decreased by -25.1%, desktop graphics decreased by -15.43%, and notebooks decreased by -30%-the biggest drop since the 2009 recession. AMD's(AMD) overall market share percentage from last quarter decreased by -8.5%, Intel's (INTC) market share increased by 10.3%, and Nvidia's (NVDA) market share decreased by -1.87%... Overall GPU unit shipments decreased by -10.3% from last quarter, AMD shipments decreased by -47.6%, Intel's shipments rose by 4.7%, and Nvidia's shipments decreased by -19.7%. The GPU's overall attach rate (which includes integrated and discrete GPUs, desktop, notebook, and workstations) to PCs for the quarter was 115%, down -6.0% from last quarter. The overall PC CPU market decreased by -5.7% quarter to quarter and decreased -by 18.6% from year to year. Desktop graphics add-in boards, AIBs that use discrete GPUs, decreased by -33.5% from the last quarter," This quarter saw 0.5% change in tablet shipments from last quarter. The third quarter typically has the strongest growth compared to the previous quarter. This quarter was down -10.3% from last quarter... Jon Peddie, president of JPR, noted, "The third quarter is usually the high point of the year for the GPU and PC suppliers, and even though the suppliers had guided down in Q2, the results came much below their expectations. "All the companies gave various and sometimes similar reasons for the downturn: the shutdown of crypto mining, headwinds from China's zero-tolerance rules and rolling shutdowns, sanctions by the US, user situation from the purchasing run-up during Covid, the Osborne effect on AMD while gamers wait for the new AIBs, inflation and the higher prices of AIBs, overhang inventory run-down, and a bad moon out tonight. "Generally, the feeling is Q4 shipments will be down, but ASPs will be up, supply will be fine, and everyone will have a happy holiday," said Dr. Jon Peddie. Other companies that may be impacted by this include Dell (DELL) and HP (HPQ).
November 22
Equinox Gold announces that it has entered into an equity distribution agreement dated November 21, 2022 providing for an at-the-market equity offering program with BMO Capital Markets and National Bank Financial, and their respective affiliates. The ATM will allow Equinox Gold, through the Agents, to offer and sell from time to time in Canada and the United States through the facilities of the Toronto Stock Exchange and the NYSE American such number of common shares as would have an aggregate offering price of up to $100M.
About "Sell these stocks now"
Each week, The Fly will announce the newest downgrades to Strong Sell in StockNews.com's POWR Ratings algorithmic model.
This Fly exclusive recap identifies stocks with over a $1B market capitalization that have been downgraded this week to the Strong Sell, or "F," rating in the service's proprietary model that analyzes 118 different factors, each of which contribute a little to the stock's predicted likelihood of underperformance. A bell curve distribution of StockNews.com's ratings shows that only the top 5% of the over 5,000 stocks rated by the system are assigned a "Strong Buy," or "A," rating while the bottom 5% are assigned a Strong Sell. The F-rated stocks would have tumbled an average of 18.98% a year since 1999, according to StockNews.com.
Lemonade
-0.01 (-0.05%)
Equinox Gold
-0.02 (-0.58%)
Li Auto
-0.52 (-3.00%)
Netstreit
+0.395 (+2.06%)
Establishment Labs
-0.87 (-1.36%)
KE Holdings
-0.545 (-3.67%)
Braze
-0.29 (-1.15%)
Canopy Growth
+0.165 (+4.73%)
3D Systems
+0.015 (+0.15%)
AMD
-1.15 (-1.51%)
Radius Global Infrastructure
+0.18 (+1.67%)
Shopify
+0.06 (+0.16%)