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However, rising Treasury yields, high inflation, and supply chain constraints continue to worry investors. In addition, The Goldman Sachs Group , Inc. (NYSE:GS) cut its U.S. economic growth target to 5.6% for 2021 and 4% for 2022 due to an expected decline in fiscal support through the end of next year and a more delayed recovery in consumer spending than previously expected.
Against this backdrop, we think it could be wise to avoid Carvana Co. (NYSE:CVNA), Robinhood Markets , Inc. (HOOD), and Royal Caribbean Cruises Ltd. (RCL). The valuations of these stocks are not in sync with their growth prospects. Moreover, these stocks are rated F (Strong Sell) in our POWR Ratings system.
