These stocks are expected to underperform relative to the market. NIO (NIO): NIO reported a 7% year-over-year decrease in total revenues for the first quarter of 2024. GameStop (GME): The shift toward...
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Eject Now 3 Stocks Too Toxic to Touch When the Market Melts Down
InvestorPlace06-21
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- Guavaxf30·06-21I fully agree the calls on AMC and GME but I will suggest that Nio may have a better chance to come out of this better. Nio is actually producing cars that are selling in China, the world's largest EV market. And with the current protective actions by US and EU, China may closed off foreign competition altogether, and thereby local EV's like Nio will benefit. With AMC and GME, these are companies from either the dinosaur age (GME) or where the costs of operations (AMC) will just be too high to ever return to meaningful profitability. And what is also an important point is AMC and GME had the meme push created directly or indirectly by the wierd posts of Roaring Kitty. And like the first time around back in 2021, these kind of "roars" will end very very badly for the last one24Report
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