This post was originally published on this site
Since investors remain upbeat as the Fed decided to keep supporting the economy for now, and COVID-19 cases are declining, the stock market is expected to continue its bull run. However, not all stocks are good bets right now. Several ultra-popular stocks have rallied significantly over the past couple of months without possessing fundamental strength. Their weak financial health could trigger a sharp decline in their share prices in the near term.
SoFi Technologies (SOFI), Camber Energy Inc. (CEI), Northern Dynasty Minerals Ltd (NAK), and ReWalk Robotics Ltd. (RWLK) are three such stocks that have gained momentum because of their popularity among retail traders. However, given their bleak growth potential and poor fundamentals, these stocks are best avoided now.
