With the recent volatility in the markets, driven by a perceived change in stance from the Fed, investors need to make sure that they're invested in stocks that can cut through the noise. Just as important, though, is to avoid bad stocks. Which is why investors should avoid recently downgraded stocks such as MongoDB (NASDAQ:MDB), Hyatt Hotels (NYSE:H), and Almaden Minerals (NYSE:AAU).The POWR Ratings have been calculated to zero in on stocks that have been downgraded or upgraded. Take a look at the latest downgrades and you will find some familiar names.
The bottom line is that plenty of stocks soared to new heights during the pandemic without sufficient justification. In other cases, these downgrades are the result of fundamentals going in the wrong direction.
Without further ado, let’s delve into three of the latest POWR Ratings downgrades in MongoDB (MDB), Hyatt Hotels (H), and Almaden Minerals (AAU).