The coronavirus pandemic has decimated equity markets around the globe. Leading indexes such as the Dow Jones and S&P 500 have declined well over 20%, officially entering bear market territory.
This massive decline provides an opportunity for investors to identify high-quality stocks and buy them at attractive valuations. However, it is also essential for investors to move away from high-risk equity investments in an uncertain macroenvironment.
Here are three such companies in the tech space that may continue to burn investor wealth despite their cheap valuations and are best avoided this year.
Source Fool.com