7 Ultra-Popular Stocks I Wouldn't Buy With Free Money
One year ago, the coronavirus disrupted equity markets to a degree never before seen. The benchmark S&P 500 ultimately lost 34% of its value in less than five weeks before commencing what's been an 11-month mega-rally.
In 2021, it's been retail investors who have disrupted the stock market. Short-term-focused and emotion-based traders on Reddit's WallStreetBets chat room, along with an army of Robinhood retail investors, have descended on dozens of heavily short-sold companies or penny stocks in an effort to send their share prices skyrocketing. In some instances, it's worked.
But the Reddit and Robinhood retail frenzy has created a growing list of publicly traded companies that are wildly detached from their underlying fundamentals. Despite being ultra-popular, you couldn't give me free money to buy the following seven stocks.
Source Fool.com
