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Nevertheless, the major stock market indexes are hovering around all-time highs thanks to strong corporate earnings. According to a Factset report, more S&P 500 companies beat EPS estimates for the second quarter than the historical average and they also beat EPS estimates by a wider margin than on average.
However, not every company reported impressive earnings results. Etsy, Inc. (ETSY), Fiverr International Ltd . (NYSE:FVRR), and Fastly, Inc. (FSLY) reported disappointing second-quarter results last week, and their shares declined as a result. So, we think it’s best to avoid these three stocks now.
