Sell These 7 Stocks Before They Drag You Down

Hurt by the coronavirus pandemic and the oil crash, these 7 stocks may never recover…

This story was originally published here.

While recovery has slowed somewhat over the past month, markets continue to bounce back from their March lows. However, the novel coronavirus has done lasting damage. For some companies — airlines in particular — there is no clear path back to normalcy. Others were already in trouble, and the pandemic was the final straw. This is not the time to scoop up shares on the cheap. Instead, it’s time to clear house of these stocks to sell.

There’s not going to be a miracle recovery for these seven stocks. At least not any time soon. If any of these are in your portfolio, I suggest you get rid of them before they drag your investment down further:

Stocks to Sell: American Airlines (AAL)

American Airlines is in trouble. 

The company has been burning through $70 million in cash every day since the coronavirus pandemic hit. American Airlines is reducing capacity, retiring some of its fleet early, it ceased hiring, paused pay increases and slashed marketing budgets. Despite all these measures, the best-case scenario has the company continuing to burn through $50 million a day starting in June.

That’s a big red flag.

In addition, the company is carrying roughly $34 billion in debt. American Airlines survived a 2012 bankruptcy, and there have been rumors it could be facing Chapter 11 again. Those rumors may not pan out, but even if it avoids filing, American Airlines faces a rocky future. At the start of the month, Evercore ISI slashed its price target for American Airlines shares to $1.

AAL stock has put together a mini rally since Friday, posting a gain (at the time of this writing) of 20% since Thursday’s close. Don’t read too much into that. American Airlines has rallied several times since March — each time in a matter of days it has dropped to lower than the rally’s starting point.

If you own AAL stock, be warned — it’s definitely among the stocks to sell right now. 

Editor's Note: Click here to see the other six stocks.

65 Unique Ways ANYONE Can Make Extra Cash (Without Getting a Second Job)

Are you looking for great sources of real income, without having to get a second job?

Then keep reading, because author Neil George wants to send you his new book that profiles 65 simple ways to earn large amounts of work-free income.

…extra cash that you can collect ON TOP of your Social Security check…

…without messing around with crappy jobs. (Pizza delivery driver? No way.)

These are PROVEN cash-gushing strategies… the kind typically used by the wealthy elite.

And the best part…

Neil George has set aside copies of his book, Income for Life, and he’s willing to send you a hardback version today, ABSOLUTELY FREE (just pay shipping).

(Just 517 copies left, so click here to claim yours before it's ripped away.)
Here's just a sample of what you can find inside:

  • Learn the secret of the $50,000 lump sum Social Security check. Seriously, it couldn’t be easier!
  • Use what Neil calls the “F.H.A. Loophole” to get the government to pay your mortgage – PLUS receive hundreds in extra cash on top.(Page 217)
  • Collect $100s for pictures in Old Family Photo Albums! Believe it or not, there is an easy way to turn your old artwork/photographs into $100 bills (certain businesses are desperate). (Page 297)
  • Get paid every time your favorite song gets played on the radio! This little-known website allows you to tap into royalty payments every time your favorite song is played on the radio. Some lucky folks collect thousands of dollars a year! (Page 307)
  • Pocket upwards of $197 PER HOUR simply by taking a walk through the woods in the fall… or $137 while visiting your favorite beach in the summer… and many, many more!

Needless to say, this book has become highly sought after.

So if you don't claim your free copy of Income for Life today, we'll send it to the person behind you in line…

Don't let that happen. Click here to claim your copy now!