Workflow
3 Toxic Stocks to Ditch From Your Portfolio Now
JWNNordstrom(JWN) InvestorPlace·2024-03-07 16:42

Some stocks just aren’t worth owning. This is especially true when the company has fallen on hard times, lost its competitive edge, and is trying to turnaround its business. While investors might be attracted to the stock of a company that is in turnaround mode, especially if that company is a storied brand that was once dominant in its sector, it’s worth heeding the words of Warren Buffett who said “turnarounds seldom turn.” If a company is consistently missing its earnings targets, issuing weak forward gu ...