7 Stocks to Avoid as Layoff Headlines Explode

Zillow (Z, ZG)

Zillow (NASDAQ:Z, NASDAQ:ZG) is an obvious recommendation when it comes to companies to avoid because of layoffs and their negative ramifications.


Peloton Interactive (PTON)

To be fair, PTON gained 43% for the year. It is plausible that rumors of a short squeeze are driving up share prices.


Carvana (CVNA)

Carvana essentially shares the same structure as Peloton. During the height of the Covid-19 crisis, Carvana had considerable significance.


Vimeo (VMEO)

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 (DOCU)

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.


Lyft (LYFT)

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


Wells Fargo (WFC)

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 


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