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Urgent Sell Alerts Today

After the Dow Jones and S&P 500 (SPY) traded near their all-time highs and then lost momentum, weak companies risk falling harder from here. In light of high inflation, an upcoming economic slowdown, and low consumer spending, add Macy’s (M) to the stocks to sell.

Macy’s must cut costs by closing 150 stores. The turnaround plans are a high-risk, low-reward offering for shareholders.

Home improvement firm Lowe’s (LOW) fought a post-earnings sell-off. The DIY improvement retailer experienced a slump in home improvement projects. This trend will continue throughout this year. CEO Marvin Ellison is still optimistic. The CEO believes home improvement demand will trend upward on sustained home demand.
Comparable sales fell by 6.2% in the last quarter.

After news outlets reported that Eli Lilly (LLY) expressed interest in buying Viking Therapeutics (VKTX), the stock added 121% yesterday. After markets closed, the biotech firm said it would sell shares. Still, the firm reported positive clinical data for its investigational therapy VK2735 drug for weight loss.

Consider taking profits in VKTX stock.

In the energy sector, markets worry over the Hess and Chevron merger. ExxonMobil (XOM) and China National Offshore Oil (CNOOC) might consider pre-emption rights on their Guyana project. Investors should continue to hold Chevron (CVX), Hess (HES), and XOM stock as they await for the merger to close.