Due to the headwinds of high inflation and the Fed’s aggressive interest rate hikes, consumer sentiment has suffered. Although inflation has fallen considerably from last year’s highs, it remains elevated. A recession is likely this year, with more interest rate hikes likely ahead.
This is likely to impact consumer spending. To that end, investors could look to avoid fundamentally weak stocks Roku, Inc. (ROKU), Vinco Ventures, Inc. (BBIG), and AquaBounty Technologies, Inc. (AQB). These stocks have a ‘Strong Sell’ rating in our POWR Ratings system.
