The oil plunge has affected everyone, but there are three stocks in particularly bad shape.
If you own them, sell them. If you don’t, you might not want to rush out and buy them at any price, or for any dividend yield…
As if the recent events in the market haven’t already provided some bankable signals in 2016, let’s review the obvious: we’re in one heck of a slump right now.
While no one catalyst can be blamed, surely this take-it-to-the-bank factor is in play: oil prices.
The long, slow meltdown in prices continues as the world’s oil supply continues to exceed its demand.
For consumers, lower gas prices are a boon; to the airlines, pure catnip.
For the oil and energy sector, it’s a continued disaster.
If you have any of these three names in your portfolio, it’s time to part ways posthaste.