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With the U.S. economy making a faster-than-anticipated recovery, some of the most profitable stocks that gained on account of the COVID-19 pandemic have been witnessing a decline in revenues and earnings. Their share prices are declining too. While major billion-dollar businesses have witnessed a short-term pullback amid the impending economic recovery, they are expected to recover once markets stabilize post-pandemic. However, we think investors with limited funds should avoid investing in such stocks in April.
Thus, retail investors with relatively low risk tolerance should avoid Cathie Wood’s top picks Shopify Inc . (SHOP), Spotify Technology S.A. (SPOT) and Zillow Group (NASDAQ:ZG), Inc. (Z), given these stocks’ weak near-term prospects of these stocks.
