2 Stocks I'd Avoid at All Costs
The coronavirus pandemic is causing all kinds of havoc for individuals and businesses. Over 30 million people have filed for unemployment benefits in the U.S., and the country faces a major recession. Importantly, there are businesses that will be hit harder than others, and those are the ones you want to avoid.
Macy's (NYSE: M) and Nordstrom (NYSE: JWN) are having to endure an extremely challenging scenario. With the majority of their revenue stemming from their brick-and-mortar stores, the current environment is crippling sales from that channel. Retail businesses have been under tremendous pressure from online competition for years, and now, the coronavirus outbreak is putting further stress on the industry.
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Source Fool.com
