Five Big-Name Stocks to Sell Right Now

December 4, 2008

For most of the year, many of us have hoped that the start of a new month would mean better days for the stock market. For many stocks, that day has not come. But believe it or not, there are still plenty of stocks out there that aren’t destined to sink to new lows. This is where I come in. I’m here to help you change your fate, unhitch you from the wild market swings, and get you back on track with your investments and financial goals. You will no longer have to sit back and hope for better days—together, we will take action that will create wealth.

I know everyone is feeling the pinch on Main Street. Yesterday’s Beige Book report was awful. The National Bureau of Economic Research confirmed this week that the U.S. economy has been in a recession for the past year. The Big Three automakers are asking Congress for $34 billion in aid. The situation is so bad that GM may not have enough money to make it to the end of the year! On top of that, Ben Bernanke hinted that another rate cut is coming. I think there’s a chance that the Fed could lower rates to 0%! (That’s actually great news for you, as I’ll explain in a bit.)

But lucky for you, I’m a numbers guy. My job is to study the numbers and identify patterns so I can put you square in the path of the profitable trends and protect you from the bad ones.

Today I’m going to point out two trends that I’ve identified through my rigorous analysis of the data, and then give you specific recommendations to be sure you’re in a better position to profit in 2009.

Right now, here are the trends that I’m seeing:

The Good: This is the best buying opportunity of our lifetime.

The Bad: It’s not going to be a smooth ride for many stocks, and there will be some big losers that many investors currently hold in their retirement accounts.

Now let’s start with the bad. A number of stocks are going to be in a world of pain next year. I know this may not come as a surprise to you. While the fact that some stocks won’t be big winners in the coming year is obvious, the names of those stocks may shock you. In just a bit, I’ll give you my list of five prominent stocks that you should sell without delay.

But before I start name-dropping these big-name no-no’s, I sincerely hope you take this week’s sell list to heart. In our February 28 issue of What’s Working on Wall Street Now, I listed 10 financial stocks to sell, and since then, all of the stocks are sharply lower–four of them no longer even exist!