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If money doesn’t remain cheap, the stock market could witness significant pressure. Particularly, stocks that are overvalued and possess weak growth attributes could see a massive pullback.
Given considerable uncertainty related to the market’s momentum in the upcoming weeks as investors are eyeing the forthcoming Fed meeting, we believe fundamentally weak stocks Zoom Video Communications Inc. (ZM) and Fastly Inc. (FSLY) are best avoided now. These two stocks have delivered weak earnings, and their sky-high valuations do not match their bleak financials.
