Wealthy Living

Investing This Fall? Avoid These 7 Stocks

The year 2022 has not been kind to stocks so far; for some, the trouble is not yet over. This article captures seven stocks to avoid as we head into the fall season.

Stocks to Avoid This Fall

1. GameStop Corp. (NYSE: GME)

GameStop made significant headwinds last year as the central focus of meme stocks that sent its share price through the roof. Reality has set in during 2022, as the company has experienced a tumultuous year at best.

2. Wayfair Inc. (NYSE: W)

While there’s no official word on a recession, consumer spending on nonessential items appears to be taking a back seat as housing market costs continue to rise. Wayfair is undoubtedly feeling the squeeze.

3. Snap Inc. (NYSE: SNAP)

Snap is the parent company of Snapchat, a social media app that allows users to take and share photos and videos.

Listed as a camera company, Snap also has a pair of augmented reality glasses in the works.

4. Biogen Inc. (NASDAQ: BIIB)

On the surface, Biogen doesn’t appear to be in a disadvantaged place. The biotech company beat revenue and earnings per share expectations for Q2, which investors want to see when evaluating stocks.

Swipe up now to read the full post!