The stock is down 78% to penny stock territory (less than $5 per share) as a tightening economy leaves less discretionary income for Stitch Fix customers to spend on new outfits.
Stitch Fix (NASDAQ: SFIX) the e-commerce fashion and clothing company, is having just as bad of a year.
But there are some real dogs as well as identified by my Portfolio Grader. Sure, there are some good tech stocks out there. dollar is hurting tech companies that rely on imports and the Russia-Ukraine war will continue to cast a shadow on the global economy. Inflation at its highest rate since the 1980s will force the Federal Reserve to continue to raise interest rates a strong U.S. The Invesco QQQ Trust (NASDAQ: QQQ), a leading tech exchange traded fund, is down 15% since August.Īnd there’s really no indication that tech stocks will bounce back any time soon. While tech seemed to have a resurgence in August and gave growth investors some hope in an utterly miserable year on the market, the sector is once again on the downturn. The miserable year for tech stocks just won’t end, so nobody could really blame you if you started looking for tech stocks to sell.
In fact, they all get an “F” rating in the Portfolio Grader. These tech stocks to sell simply don’t make the grade.
0 kommentar(er)
