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Though the market has been witnessing a relentless rally despite the resurgence of COVID-19 cases, experts believe the stock market is currently raising red flags similar to the dotcom bubble, which saw stocks soar in price despite their poor fundamentals. Consequently, we think investors should remain cautious and shift their strategies to survive a potential pullback in the near term.
Therefore, we think fundamentally weak stocks GameStop Corp . (NYSE:GME), SoFi Technologies Inc. (SOFI), Virgin Galactic Holdings Inc. (NYSE:SPCE), and Tattooed Chef Inc. (TTCF), which are favorites of investors on the Reddit forum, are best avoided now.
