Zillow (NASDAQ:Z, NASDAQ:ZG) is an obvious recommendation when it comes to companies to avoid because of layoffs and their negative ramifications.
To be fair, PTON gained 43% for the year. It is plausible that rumors of a short squeeze are driving up share prices.
Carvana essentially shares the same structure as Peloton. During the height of the Covid-19 crisis, Carvana had considerable significance.
In the prior year, shares lost 74% of their equity value. In addition, it must be overlooked that the firm announced its first public offering in the spring of 2021
DocuSign (NASDAQ:DOCU), another startup that did exceptionally well during the worst of the Covid-19 crisis, enabled contactless services through its e-signature platform.
In July of 2017, Lyft terminated 2% of its workers. Nonetheless, I would not be shocked if more cutbacks occurred. With a bad financial sheet and negative earnings
The final stock on my list to avoid is the banking behemoth Wells Fargo (NYSE:WFC). On paper, higher interest rates appear to increase the profitability