In a slowing environment, where companies are experiencing earnings misses and dwindling profits amid the increasing likelihood of a recession, I’m highlighting three fundamentally weak stocks such as Whirlpool Corporation (WHR), iRobot Corporation (IRBT), and Purple Innovation, Inc. (PRPL) that might be wise to ditch now.
According to the latest data from the Bureau of Labor Statistics, the Consumer Price Index (CPI) revealed that inflation rose 0.1% over last month and 5% year-over-year in March, a slowdown from February's 0.4% monthly and 6% annual increase. Although inflation has been on a persistent decline in the past few months, it remains painfully high enough to continue taking a bite out of Americans’ pockets.
