Grab Holdings (NASDAQ:GRAB) is a Singapore-based company that provides ride-hailing and food delivery in a number of Southeast Asian companies. The stock took a hit last week after news emerged that two more executives at the company’s fintech quit. But that’s not all, as Reuters reported that other senior executives have left in recent months too.
In other words, the company’s earnings losses are widening. And if a global recession occurs, this will hurt the stock. So, like Abercrombie & Fitch, this one is also among the stocks to avoid.
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