“A rising tide lifts all boats” is a popular Wall Street saying, but it’s not always true. The market is hitting all-time highs seemingly every other day, but you can bet that if a stock springs a leak, it will sink. As broad-based as the market’s gains have been this year, investors looking for stocks to buy will be hard-pressed to outperform an index fund without being just a little picky.
That is easier said than done, of course. After all, one of the first places value investors look for bargains is beaten-down stocks. But separating stocks that are just misunderstood from the ones that are cheap for a reason is no simple task.
We’re here to help. A look across the market landscape reveals no shortage of stocks that look like bargains, but aren’t worth buying now. Some of these were once the market’s more durable names, while some of these are very recent flashes in the pan. Many of these names are famous enough that the uninformed investor could get suckered into taking a flyer. Don’t do it.
Here are seven of the worst stocks to buy now. Heavy competition, business-specific problems and tarnished reputations make these well-known companies hazardous to your portfolio’s health.
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Date — November 28, 2017 5:00 am
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