3 Overhyped Stocks I'm Avoiding in March
In the past three weeks, the NASDAQ 100 has experienced heavy sell-offs during multiple trading sessions, and the index entered correction territory on Friday after declining by more than 10% from its peak. Many investors are now concerned that the stock market could be headed for a full-blown meltdown.
When market corrections occur, stocks with subpar fundamentals that previously benefited from an excess of investor enthusiasm tend to fall the hardest. Consider, for example, NIO (NYSE: NIO), Sundial Growers (NASDAQ: SNDL), and GameStop (NYSE: GME). They've dropped by between 29% and 57% from their highs in the past quarter alone. Here are more good reasons why investors should avoid them for the time being.
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Source Fool.com
