Stocks to Avoid in 2021
The pandemic and the rise of the digital age has sped up the decline for companies who haven't adapted to these changes in society. A few of these companies were some of the most successful, but as time passed they are falling like the Roman Empire. Two of the most talked about companies in the past month were AMC Entertainment Holdings Inc(AMC) and GameStop Corp. (GME) because investors tried to inflate the stock price. However, these companies don't seem to have a bright future as people switch to digital platforms. The closure of movie theatres because of the pandemic was a big blow to AMC as most of their business comes from people going to their movie theatres causing them to lose around $4.6 billion dollars in 2020. Even once COVID-19 starts to die down, people will still be wary going into movie theatres as there are many other options to stream movies safely at home such as Disney Plus, Netflix, Amazon Prime Video, Hulu, HBO Max, and much more. Also, ...