J.P. Morgan: 3 Risky Stocks to Sell Now [Yahoo! Finance News]
PLANTRONICS (PLT)
Last plantronics earnings: 2/4 04:05 pm
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Source: Yahoo! Finance News
New month, same volatility. Kicking off the second quarter of 2020, all three of the major U.S. stock indexes dropped more than 4% yesterday in response to an update from the Trump administration. Late on March 31, the President stated the next two weeks will be “painful," with health officials predicting a significant spike in COVID-19-related deaths.As U.S. stock futures tick up on April 2, investors are worried the volatility is here to stay, and new economic data hasn’t calmed these fears. According to an ADP National Employment report, last month, private payrolls fell for the first time since 2017, by 27,000 jobs to be precise. It doesn’t help that new orders to factories reached its lowest point in 11 years.In light of these developments, investment firm J.P. Morgan reassessed some of the names in its coverage universe. The well-known financial institution found that the impacts of COVID-19 have made several stocks riskier plays than they once were.Bearing this in mind, we used
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