Here are this week’s downgrades to Strong Sell as determined by the POWR Ratings algorithm.
Hippo Holdings (HIPO)- a home insurance group that says it is "harnessing the power of real-time data, smart home technology, and a growing suite of home services to deliver proactive home protection"
Iveric bio (ISEE) – a biopharmaceutical company focused on the discovery and development of novel treatments for retinal diseases with "significant unmet medical needs"
Lightspeed Commerce (LSPD) – a software and hardware developer that operates a commerce platform that serves retail, hospitality and golf businesses
Melco Resorts & Entertainment (MLCO) – a developer, owner, and operator of integrated resort facilities in Asia and Europe
Learn more about the POWR Ratings
Recent news on these stocks:
October 6
Hippo announced that Kelly Wolf has joined the company as Chief Human Resources Officer. Wolf will lead Hippo’s human resources team and is responsible for critical people-centered functions including employee relations, talent acquisition and management, and leadership development. Kelly joins Hippo from online retailer Zulily where she was VP of People, overseeing human resources, talent acquisition, DE&I and more.
October 4
Lightspeed Commerce announced that the Company has appointed Ryan Tabone as its Chief Product & Technology Officer. Tabone joins Lightspeed from Google (GOOG;GOOGL), where he held a number of roles, among them being a founding member of the team that built Chromebook and most recently as the Vice President & General Manager of Google Pay and Google Finance.
October 3
Macau’s gaming bureau reported September gross revenue from games of fortune in the region was down 49.6% year-over-year to 2.962B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts.
About "Sell these stocks now"
Each week, The Fly will announce the newest downgrades to Strong Sell in StockNews.com’s POWR Ratings algorithmic model.
This Fly exclusive recap identifies stocks with over a $1B market capitalization that have been downgraded this week to the Strong Sell, or "F," rating in the service’s proprietary model that analyzes 118 different factors, each of which contribute a little to the stock’s predicted likelihood of underperformance. A bell curve distribution of StockNews.com’s ratings shows that only the top 5% of the over 5,000 stocks rated by the system are assigned a "Strong Buy," or "A," rating while the bottom 5% are assigned a Strong Sell. The F-rated stocks would have tumbled an average of 18.98% a year since 1999, according to StockNews.com.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ISEE:
