Investing is as much about avoiding costly mistakes as it is about finding winning stocks. In a market like this one, pummeled by sky-high inflation, interest rate concerns, and recession fears, staying away from stocks that are unlikely to produce decent returns in the long run is particularly important.
There are bad stocks, and then there are Beyond Meat (NASDAQ: BYND), Peloton (NASDAQ: PTON), and Coinbase (NASDAQ: COIN). All three companies are struggling with plunging demand, losing heaps of money, and dependent on fads or frenzies. It's best to keep your distance.
As inflation puts pressure on consumers, fake meat products have been tossed out of the grocery cart. Overall sales of refrigerated plant-based meat products in the U.S. are contracting at a double-digit rate as people become unwilling to pay a hefty premium.
Source Fool.com