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:
December 27
Earlier this week, China's National Health Commission announced a decision that will reopen the nation's border to international travelers on January 8, sending U.S.-listed stocks of Chinese stocks higher in pre-market trading in New York on Tuesday. The National Health Commission announced that inbound passengers will only be required to present a negative test result obtained within 48 hours of boarding as long as their health declarations are normal and they show no signs of illness in a "routine checkup" while clearing customs, while also announcing that mass PCR testing upon arrival and centralized quarantine will be eliminated, according to multiple media reports. Chinese company stocks that trade in New York include Bilibili (BILI), Alibaba (BABA), JD.com (JD), Baidu (BIDU) Kingsoft Cloud (KC), Huya (HUYA), DouYu (DOYU), Dada Nexus (DADA), Baozun (BZUN), Pinduoduo (PDD), KE Holdings (BEKE), Joyy (YY), NetEase (NTES), Zhihu (ZH), Trip.com Group (TCOM), iQIYI (IQ), Hello Group (MOMO), Vipshop (VIPS), Dingdong (DDL) and Tencent (TCEHY).
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.
Wayfair
-0.54 (-1.63%)
Roku
-0.47 (-1.16%)
GDS Holdings
-0.45 (-2.14%)
Nuscale Power
-0.105 (-1.00%)
Warby Parker
-0.25 (-1.82%)
Bilibili
-0.5 (-2.06%)
Guardant Health
-0.25 (-0.92%)
Teladoc
-0.5 (-2.10%)