6 Stocks to Sell in September

These low-quality stocks are unlikely to stage a meaningful recovery under any circumstance

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Stock to Sell #3 – Goldcorp (GG)

Goldcorp (GG) engages in the acquisition, development, exploration and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America

Revenues were down for the first six months of the year, and earnings for the last four years have been inconsistent. The consensus estimate for 2014 is $1.40 versus an estimated $0.95 in 2013, but the lowest estimate by several analysts is for $0.65 per share this year. Thus, the estimated spread is wide, and the P/E ratio high.

The recent series of crises in the Middle East may have attracted buyers, but the stock ran out of steam at its 200-day moving average, where it formed a bearish double-top. MACD is on a sell signal. Sell GG at the market.

GG Chart
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Article printed from InvestorPlace Media, http://investorplace.com/2013/09/stocks-to-sell-aap-ebay-gg-mdr-ntgr-nem/.

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