With volatility still prevalent in the market, it always a good idea for investors to avoid the worst stocks. Our proprietary POWR Ratings system evaluates stocks based on 118 different factors. Stocks with Strong Sell ratings typically underperform the market. ENGlobal Corporation (ENG), Kopin Corporation (KOPN), and Velodyne Lidar (VLDR) are three recently downgraded stocks that investors should avoid.Sort through the latest POWR Ratings updates, and you will find there is considerable movement in both directions. Plenty of stocks have been upgraded and downgraded this past week.
But this article will focus on stocks that you should avoid. Even as the market hits new highs, uncertainty remains with COVID-19 cases rising. That's why it's just as important to avoid bad stocks as it is to buy the best stocks.
Below, I provide a quick look at three of the latest downgrades in ENGlobal Corporation (ENG), Kopin Corporation (KOPN), and Velodyne Lidar (VLDR).