5 Popular Stocks I Wouldn't Buy With Free Money
For more than four months now, Wall Street and investors have been taken on the ride of their lives. Uncertainty and panic related to the coronavirus disease 2019 (COVID-19) pandemic completely pulled the rug out from beneath the stock market and ultimately sent the benchmark S&P 500 lower by 34% in a mere 33 days. It was the fastest bear market descent in history.
But we've also witnessed one of the strongest snapback rallies in history. The recently ended quarter featured the best returns for the broad-market indexes since 1998, with the technology-focused Nasdaq Composite galloping to new all-time highs. This rally has primarily been driven by tech companies benefiting from the work-at-home trend, as well as the FAANG stocks.
However, super rallies in the stock market often spur a lot of speculative buying. Right now, there are five exceptionally popular stocks that investors can't seem to get enough of lately that, frankly, I wouldn't buy with free money.
Source Fool.com
