This has been a rough year for stocks. Every time the market has tried to bounce, some fresh news has come out, triggering another selloff. With inflation still running hot and the Federal Reserve set for more rate hikes, investors need to be cautious. That said, with the market down this far, there are some great bargains out there. But they aren’t all created equal. In fact, some names that look very cheap are actually stocks to sell.
These seven stocks to sell, in particular, are attracting a lot of attention among traders. With high daily volume and the subject of much discussion on social media, these stocks might seem set for a comeback. But, as you’ll see, each of them comes with major drawbacks. As a result, when you’re bargain hunting, don’t buy these names.
PLTR Palantir $8.03
CCL Carnival $8.10
COIN Coinbase $63.51
TLRY Tilray $3.29
FUBO FuboTV $3.74
M Macy’s $18.50
DNA Ginkgo Bioworks $2.47
Hot Cheap Stocks To Own For 2023: Dorman Products, Inc.(DORM)
Dorman Products, Inc. supplies automotive replacement parts, automotive hardware, brake products, and household hardware to the automotive aftermarket and mass merchandise markets in the United States, Europe, Mexico, the Middle East, Asia, and Canada. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts. The company also provides automotive replacement parts comprising door handles, keyless remotes and cases, emission control, and oil dipsticks, as well as door hinge repairs; and application specific and general automotive hardware consisting of body hardware, general automotive fasteners, oil drain plugs, and wheel hardware. In addition, it offers electrical connectors, wires, tools, testers, and accessories, including light bulbs, electrical diagnostic and repair kits, and ignition components; brake and clutch hydraulics, and brake hardware products, such as brake hoses, wheel cylinders, new master cylinders, brake cables, and brake hardware kits. Further, the company provides heavy duty aftermarket parts for class 4-8 vehicles comprising lighting, cooling, engine management, and cab products; and belt tensioners, and idler pulleys. The company offers its products under the OE Solutions, HELP!, TECHoice, AutoGrade, Conduct-Tite, FirstStop and HD Solutions brands through automotive aftermarket retailers, local independent parts wholesalers, national general merchandise chain retailers, mass merchants, salvage yards, and the parts distribution systems of parts manufacturers. Dorman Products, Inc. was founded in 1978 and is headquartered in Colmar, Pennsylvania.