Facebook / Meta. I think it’s in a death spiral and will be myspaced. There are better social media platforms and the new metaverse is pretty underwhelming. I don’t know any young people using Facebook/Meta and I know plenty of older people leaving Facebook/Meta.
Any legacy automotive company. It’s not clear to me any of the dinosaur automotive companies will make electric vehicles which appeal to a sufficiently large number of individuals.
Any shipping / logistics company. There’s a slowdown of commerce occurring and earnings for the likes of FDX, UPS, EXPD get crushed. I’ll wait for the earnings crush to progress since we seem to be at the start.
Any airline. I travel a bit and have flown before, during, and, after the pandemic. The high margin business folks haven’t returned like they were before the pandemic. My last Monday morning red-eye on Delta (last week) had a surprisingly large amount of very small children and a whole lotta leisure travelers. I’m not sure how this situation works out, airlines just make less money forever?
Anything in real estate. I would by actual real estate in some areas but not the companies servicing or involved in real estate.