Post-Earnings Purge: 3 Stocks to Sell After Disastrous Reports

We’re now two-thirds through fourth-quarter 2023 earnings season. With the majority of companies in the S&P 500 report latest results, 75% posted better-than-expected profits and 65% surprised to the upside with their sales. Overall, earnings are up 2.9% from a year earlier, marking the second consecutive quarter of growth among U.S. companies. Further, Q4 of last year was a strong one for Corporate America. However, exceptions stand out. While most companies beat Wall Street forecasts with their latest pri ...