1 Stock to Avoid No Matter What
To put it bluntly, there are certain stocks that belong on your "do not buy list." There are many reasons for this, such as a declining business and an unhealthy balance sheet. While it's tempting to view them as potential value stocks, their price could always fall further as results worsen.
AMC Entertainment (NYSE: AMC) belongs in this category. The stock has had a wild ride this year, starting 2021 at around $2 before shooting up to about $20 by the end of January. Helped by the Reddit group WallStreetBets, the shares got caught up in the short squeeze that also propelled other stocks such as GameStop.
These kinds of moves are unpredictable, and the stock is still more than double where it started in 2021. But investing in hopes of a similar move will likely only end in pain.
Source Fool.com
