2023 will be a year with declining sales and declining profits for most all publicly traded companies. I wouldn't touch any stock that has a PE over 15 and doesn't pay a dividend. Growth stocks will continue to fall because of course there will be no growth. The stock market that has been a casino fueled by government printing free money is toast. Put your money in brokered bank CDs paying 4.6% for 6 month and or short term treasuries. I would not touch PayPal until it's below $35 if you must but for me not at all because it pays nothing.$PayPal(PYPL)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments