Wall Street is concerned about a slowdown in the post-pandemic economic rebound as the Delta strain of the coronavirus spreads. The US economy remained more than 5 million jobs short of where it was right before the crisis, according to data from the Bureau of Labor Statistics. In 2020, the median household income in the United States declined by about 3%, one of the steepest drops in nearly a decade. The country’s poverty rate is likewise rising. Investors have been repositioning their portfolios, selling equities that aren’t expected to do well in the near future.
Here is Insider Monkey’s list of the 10 stocks that just received a Sell rating from analysts. The company is based in Malaysia and acts as an investment holding company. Citi downgraded Top Glove Corporation Bhd. from Neutral to Sell and decreased the price target to MYR2.65 from MYR7, citing the company’s “disappointing” fourth-quarter performance. NFI Group is based in Canada and makes and sells buses all over the world. The company was downgraded from Hold to Sell at Stifel, with a price objective of C$22 down from C$27.50. One of the reasons for the downgrade, according to the company, is supply chain concerns. Himax Technologies, Inc. was downgraded from Neutral to Sell by Vertical Group, with a price target of $7.5. The Taiwanese corporation sells display image processing technology to companies all over the world. It came in eighth place on our list of ten stocks that have recently gotten a Sell recommendation from analysts. AMC Entertainment Holdings, Inc. is a theater exhibits corporation based in Kansas. It’s number eight on our list of ten stocks that have just earned a Sell recommendation from analysts. Vertical Group, an investment advising firm, lowered Himax Technologies, inc. from Neutral to Sell. Novartis AG is ranked sixth among the ten stocks that have recently gotten a Sell recommendation from analysts. The company is based in Switzerland and manufactures and sells healthcare items all over the world. According to Deutsche Bank, Novartis’ pipeline slate for the corporation was “thinning.” For more details, click 10 Stocks That Just Received A Sell Rating From Analysts.