Tech Sell-Off: 3 Growth Stocks Down 42% to 71% That I Still Won't Touch
The stock market has been incredibly strong this year, with the broad S&P 500 index returning 27% so far. The technology-centric Nasdaq 100 has fared even better, rising 30% year to date.
But when picking individual stocks, sometimes the swings are far more volatile. While the pandemic gave rise to some remarkable growth stories in 2020 and 2021, some companies have struggled to adapt to the economic return to normal recently, sending their stock prices plunging.
These three stocks are among the biggest losers since previously hitting their all-time highs. Here's why I'm still not buying them.
Source Fool.com