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During this uncertain time, it’s wise to stay away from overvalued stocks. Retail investor favorites NIO Inc. (NIO), AMC Entertainment Holdings, Inc. (AMC), Virgin Galactic Holdings, Inc. (NYSE:SPCE), ContextLogic Inc. (WISH), and Sundial Growers Inc . (SNDL) are still trading at lofty valuations, which is why I recommend that investors avoid buying the dips in these stocks.
Today I’ll analyze each of these five stocks, which are each down more than 25% over the past three months, to illustrate why I believe investors should think twice before adding them to their portfolios.
