2 Overrated Growth Stocks I'd Avoid in 2023
As challenging as 2022 has been for many companies, 2023 could be worse if a recession occurs. That means investors need to be more careful about the stocks they decide to hold in their portfolios heading into next year.
Two stocks I would steer clear of today include Tilray Brands (NASDAQ: TLRY) and DoorDash (NYSE: DASH). Despite the promise of growth at times, these stocks could struggle in 2023.
Next year will be a crucial one for cannabis producer Tilray Brands. That's because its fiscal 2023 has already begun, and it's just one year away from fiscal 2024, by which time the company has set an ambitious goal of hitting $4 billion in annual income. That's not going to be easy given that the company's sales haven't shown much growth over the past four quarters.
Source Fool.com
