The recent “washing machine” market is still in full force. Most stocks aren’t really going anywhere right now, they’re simply sloshing back and forth. But that means right now is a good time to trim the dead weight in your portfolio. In today’s blog, I’ll reveal to you 28 aggressive stocks that are currently on a slippery slope.
How do I know these stocks are dangerous right now? Simple. I checked all of them in Portfolio Grader.
When you run your holdings through this screening tool, take note of each stock’s Quantitative Grade (the current level of institutional buying pressure) and each stock’s Fundamental Grade (a weighted blend of eight financial metrics). Also check which of your stocks are rated as Conservative, Moderately Aggressive or Aggressive. Shoot to have 60% of your holdings in Conservative stocks, 30% in Moderately Aggressive and 10% in Aggressive.
I can’t stress this last point enough because aggressive stocks will be the first ones to take a beating during a correction. That’s why you want to limit your exposure to these "spicier" stocks. To get you started, here are 28 aggressively-rated stocks you want to steer clear of right now.
| Symbol | Company Name | Quantitative Grade |
Fundamental Grade |
Total Grade |
|---|---|---|---|---|
| AKG | Asanko Gold, Inc. | F | D | F |
| ANW | Aegean Marine Petroleum Network Inc. | F | C | F |
| AQMS | Aqua Metals, Inc. | F | C | F |
| BBOX | Black Box Corporation | F | D | F |
| BCEI | Bonanza Creek Energy Inc | F | C | F |
| BPTH | Bio-Path Holdings, Inc. | F | C | F |
| BWEN | Broadwind Energy, Inc. | F | D | F |
| CDMO | Avid Bioservices, Inc. | F | D | F |
| CRMD | CorMedix Inc. | F | C | F |
| DRYS | DryShips Inc. | F | C | F |
| ENT | Global Eagle Entertainment, Inc. | F | D | F |
| GEN | Genesis Healthcare Inc | F | D | F |
| GLBS | Globus Maritime Limited | F | C | F |
| ICON | Iconix Brand Group, Inc. | F | D | F |
| IPAS | iPass Inc. | F | D | F |
| MBOT | Microbot Medical Inc | F | C | F |
| NVIV | InVivo Therapeutics Corporation | F | C | F |
| NVLN | Novelion Therapeutics Inc. | F | D | F |
| OMED | OncoMed Pharmaceuticals, Inc. | F | C | F |
| ORIG | Ocean Rig UDW Inc | F | C | F |
| PMTS | CPI Card Group, Inc. | F | D | F |
| RSLS | ReShape Lifesciences, Inc. | F | D | F |
| RSYS | RadiSys Corporation | F | C | F |
| TIS | Orchids Paper Products Company | F | C | F |
| VSAR | Versartis, Inc. | F | C | F |
| WG | Willbros Group, Inc. | F | C | F |
| WHLR | Wheeler Real Estate Investment Trust, Inc. | F | C | F |
| WIN | Windstream Holdings, Inc. | F | D | F |
To wrap up, the best thing you can do to prepare (and to weather the current trading activity) is invest solely in companies with the best earnings prospects. Of course, the best place to start is to run your portfolio through my Portfolio Grader screening tool. It doesn’t take much to see that sticking to A- and B-rated stocks pays off big in the long run.
Until next time,
Louis Navellier