An investment research CEO who called the declines of Coinbase, Shopify, and Snap warns that 3 stocks are at risk of falling to $0 per share in the months ahead as the Fed tightens policy
Last week, Trainer published new research on three names that have already suffered a lot, and is calling for them to suffer more. They include Peloton, Freshpet, and Carvana — Trainer is warning they could all fall to $0 per share.
Each of the firms is low on cash, he said, making them vulnerable to a Federal Reserve aggressively hiking interest rates. They all have three months or less until bankruptcy, he said.
Below are Trainer’s calls for each (as of his June 23 note), and his reasoning for his bearishness.