Amid rising risks of an economic expansion and declining market sentiment, it could be wise to avoid fundamentally weak stocks Viad Corp (VVI), NewtekOne, Inc. (NEWT), and SuperCom Ltd. (SPCB) that seem bad for business services industry lovers.
In recent news, IMF slashed its GDP forecasts from 3.4% in 2022 to 2.8% in 2023. The global growth is forecasted to be 3% in 2024. The weaker growth prospects stem from the tight policy stances needed to quell inflation, the fallout from the recent deterioration in financial conditions, the ongoing war in Ukraine, and growing geo-economic fragmentation.
