Stock to Sell #6 – Sony Corp. (SNE)
Sony Corp. (NYSE:SNE), a world leader in consumer electronics, filmed entertainment, games and financial services, has fallen on hard times. Analysts expect a loss this year of $5.55, which exceeds the losses in each of the past three years.
The economy has been slow to recover, and the widespread consumer malaise is expected to continue through 2013.
The stock is in a sharp downtrend with heavy selling in the past month. There is no obvious bottom to this stock and selling at the market is the best course of action.