The year 2025 is coming to an end and investors are planning how they want their assets positioned for 2026. Those who have not been making plans need to start making those plans immediately. As of December 5, 2025, the S&P 500 was up 17% year-to-date and handily exceeding market expectations from a year earlier. The question now for equity investors looking into the new year is whether to be buying or selling new positions.

While Wall Street has a rosy outlook for equities in 2026 calling for big upside, the continued love for stocks is not universal for every single stock. Tactical Bulls tracked five well known stocks that Wall Street analysts are telling their clients to sell ahead of 2026. Wall Street is rather well-known for telling investors to buy stocks, with an overwhelming majority of ratings listed as “Buy” and “Outperform.” This makes those stocks with new and ongoing “Sell” and “Underperform” ratings stand out versus other stocks.

These stocks may all seem quite different from each other, but the analyst reports cited from the week of December 5, 2025 were quite negative on each of these stocks. And one commonality is that these five stocks have all seen losses with negative stock performance so far in 2025 — even while the S&P 500 was up 17% YTD as of Friday.

Tactical Bulls always reminds its shareholders that no single analyst report should ever be the sole reason to buy or sell a stock. Analysts can get their thesis wrong, and there are never any assurances that their price targets and expectations ever come to fruition. And no analyst report has ever been issued with money-back guarantees if investors lose money.

The ratings and price targets noted in this weekly summary are directly from the firms which issued the reports. Tactical Bulls has no formal ratings or price targets on any of the stocks mentioned in this reporting.

AIRBNB — CLEAN THE SHEETS PLEASE!

Airbnb, Inc. (NASDAQ: ABNB) needs no introduction for its home rentals, but with a $75 billion market cap some firms are very cautious even if the stock is down handily from its highs. Two firms issued negative research reports this week, implying they have very negative views on its valuations versus prospects in 2026. While price targets did get adjusted higher at each firm, the ratings remain quite negative when much of Wall Street has tried to remain bullish. Wells Fargo reiterated its Underweight rating (raising its target to $118 from $111) on December 1. Truist Securities reiterated its Sell rating (raising its target to $107 from $104) on December 4.

Airbnb was actually having a decent week as of Friday with shares at $123.50, but its 52-week range is $99.88 to $163.93. It was also a $200 stock in 2021 and Wall Street’s consensus price target is closer to $140. Airbnb was down 6% YTD on last look.

CAMPBELL’S — CHICKEN WOES, AISLE TWO!

Campbell’s Co. (NYSE: CPB) has been in a small scandal with an executive (who has since been fired) reportedly insulted Indian co-workers and was negative about the quality of the chicken and processed foods. UBS wasn’t exactly a fan, reiterating its Sell rating and cutting its price target on Campbell’s to $28 from $30 on December 4.

The stock was at $29.28 on Friday, and while the 52-week range of $29.15 to $43.85 the stock has lost nearly 50% of its value from just two years ago. Does a 5% dividend yield help out here? Campbell’s shares were down about 30% YTD.

ALSO READ: STOCKS WITH 20% to 200% UPSIDE IN 2026!

ATTILA THE HUNTSMAN!

Huntsman Corporation (NYSE: HUN) updated its 2025 outlook on December 1, noting its EBITDA would be impacted by an unplanned polyurethanes facility outage in Europe. Two firms maintained their Sell ratings this week but were a tad “less negative” on their targets — Goldman Sachs maintained Sell rating but raised its price target to $9.50 from $8.50; Citi maintained its Sell rating but raised its target to $10.50 from $8.50. While Huntsman shares have already been hurt in 2025, several ongoing issues may be more pressing than just the company update. It faces weak global demand and oversupply (or lack of catalysts to boost demand), has a high Debt/EBITDA ratio and was shown to have margin pressure.

Huntsman was trading at $10.35 on Friday, with a 52-week range of $7.30 to $20.94. Its stock was down over 40% YTD.

JETBLUE’S TURNAROUND GOES 360!

JetBlue Airways Corporation (NASDAQ: JBLU) has not enjoyed the gains that other airline stocks have seen. It has also remained independent despite other airline mergers over the years. Citi gave a positive review of legacy carriers this week, but it took the opposite view on the struggling regional carrier as it initiated JetBlue’s coverage with a Sell rating and a $4.10 price target on December 4. Citi believes the super-major carriers will enjoy an elongated cycle in 2026, but that the legacy low-cost carriers will continue to be underperformers. And Citi also warned that it is not yet ready to give JetBlue credit for a turnaround at this time as it has to see the results before embracing them.

JetBlue was trading at $4.73 on Friday, implying more than 13% downside in the stock to Citi’s target price, and its 52-week range is $3.34 to $8.31. JetBlue shares were last seen down 39% YTD.

LENNAR HOUSING WOES TO PERSIST!

Lennar Corporation (NYSE: LEN) is the second largest U.S. homebuilder via its $32 billion market cap. The company is also set to report earnings on December 17. JPMorgan is worried for 2026, making this pre-earnings a tactical call — just not for the bulls! JPMorgan downgraded Lennar to Underperform from Neutral and cut its price target even lower to $115 from $118 on December 4. JPMorgan does not expect mortgage rate-relief in 2026 and sees the key demand drivers remaining weak next year due to little to no job growth in the first half of the year. The firm is also concerned about housing affordability metrics, and it expects further pressure on margins with minimal growth volume next year.

This view helped to take Lennar’s stock down to $126.75 from the prior $133.13 closing price, while it has a 52-week range of $98.42 to $171.50. Lennar’s stock was down about 3% YTD, but also down over 23% from a year ago.

DISCLAIMERS

Tactical Bulls may or may not agree with the outlooks issued by the firms named above. Tactical Bulls does not have any formal rating or price target of its own for individual stocks. Investors should always keep in mind that analysts can get their thesis wrong just like investors. Analyst reports never come with assurances of gains and never have money-back guarantees if the stocks drop (or in this case rise) in price. Investing comes with risks, including potential losses. All investment decisions should be made with the advice and consultation of a financial advisor.