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2021-06-08

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3 Stocks that Could Torpedo Your Portfolio<blockquote>3只可能破坏您投资组合的股票</blockquote>

Altria and two other flawed stocks could offset your gains this year. The S&P 500 is hovering near

3 Stocks that Could Torpedo Your Portfolio<blockquote>3只可能破坏您投资组合的股票</blockquote>

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The S&amp;P 500 is hovering near all-time highs, but many individual stocks have underperformed the market this year amid concerns about rising bond yields, inflation, and post-pandemic slowdowns in certain sectors.<blockquote>奥驰亚和另外两只有缺陷的股票可能会抵消你今年的涨幅。标普500徘徊在历史高点附近，但由于对债券收益率上升、通胀以及某些行业大流行后放缓的担忧，许多个股今年的表现逊于大盘。</blockquote> In this fickle market, you should check your portfolio for any potential losers. Let's take a closer look at three wobbly stocks that might offset your gains this year:&nbsp;Altria(NYSE:MO),&nbsp;Under Armour(NYSE:UA)(NYSE:UAA), and&nbsp;ContextLogic&nbsp;(NASDAQ:WISH).<blockquote>在这个变化无常的市场中，您应该检查您的投资组合是否有任何潜在的输家。让我们仔细看看三只可能抵消您今年涨幅的不稳定股票：奥驰亚（纽约证券交易所代码：MO），Under Armour（纽约证券交易所代码：UA）（纽约证券交易所代码：UAA），以及上下文逻辑（纳斯达克：愿望）。</blockquote> 1. Altria<blockquote>1.奥驰亚</blockquote> Altria is the largest tobacco company in America. Its flagship brand, Marlboro, controls more than 40% of the country's retail cigarette market. It generates most of its revenue from cigarettes, but it also sells cigars, snus, e-cigarettes, heated tobacco products, nicotine pouches, and wine.<blockquote>奥驰亚是美国最大的烟草公司。其旗舰品牌万宝路控制着该国40%以上的卷烟零售市场。它的大部分收入来自香烟，但也销售雪茄、鼻烟、电子烟、加热烟草产品、尼古丁袋和葡萄酒。</blockquote> Altria might initially seem like a stable income stock. It pays a high forward yield of nearly 7%, it's raised that payout every year since it spun off its international business as&nbsp;Philip Morris International&nbsp;in 2008, and it trades at just ten times forward earnings.<blockquote>奥驰亚最初可能看起来是一只收入稳定的股票。它支付近7%的高远期收益率，自从将国际业务分拆为菲利普莫里斯国际公司2008年，它的预期市盈率仅为十倍。</blockquote> Yet Altria's stock lost nearly a quarter of its value over the past five years. After factoring in reinvented dividends, it generated atotal returnof just 1% as the S&amp;P 500 delivered a total return of 120%.<blockquote>然而，奥驰亚的股票在过去五年里损失了近四分之一的价值。考虑到重新发明的股息后，它的总回报率仅为1%，而标普500的总回报率为120%。</blockquote> Altria underperformed the market because adult smoking rates in the U.S. are declining. To counter that secular decline, Altria raised prices, cut costs, and repurchased more shares to boost its EPS. Those strategies helped Altria tread water, but they're arguably unsustainable over the long term.<blockquote>奥驰亚的表现逊于市场，因为美国成人吸烟率正在下降。为了应对长期下滑，奥驰亚提高价格、削减成本并回购更多股票以提高每股收益。这些策略帮助奥驰亚陷入困境，但从长远来看，它们可以说是不可持续的。</blockquote> To stay relevant, Altria invested billions in the e-cigarette maker Juul and the cannabis company&nbsp;Cronos-- but the former caused big writedowns, and the latter hasn't generated any meaningful revenue yet.<blockquote>为了保持影响力，奥驰亚向电子烟制造商Juul和大麻公司投资了数十亿美元克罗诺斯——但前者造成了巨额减记，而后者尚未产生任何有意义的收入。</blockquote> The bulls believe Altria can eventually diversify its business away from cigarettes, but I'm not as optimistic. Investors should stick withdividend stockswith more balanced business models instead.<blockquote>看涨者相信奥驰亚最终可以实现业务多元化，摆脱卷烟，但我并不那么乐观。投资者应该坚持持有商业模式更平衡的股息股票。</blockquote> 2. Under Armour<blockquote>2.Under Armour</blockquote> Under Armour's stock has risen about 30% this year as the athletic footwear andapparel maker'sfundamentals have gradually improved after weathering the pandemic. But if we pull back the chart, we'll notice UA's stock has still lost nearly 40% of its value over the past five years.<blockquote>Under Armour的股价今年上涨了约30%，这家运动鞋和服装制造商的基本面在经受住了疫情的考验后逐渐改善。但如果我们拉回图表，我们会注意到UA的股票在过去五年中仍然损失了近40%的价值。</blockquote> UA was once called the \"next&nbsp;Nike\", but a series of missteps torpedoed its business. Its founder and former CEO Kevin Plank, who stepped down in 2019, expanded UA into fitness trackers and mobile apps, but couldn't keep pace with Nike and&nbsp;Adidas' direct-to-consumer expansion strategies.<blockquote>UA曾被称为“下一个耐克”，但一系列失误破坏了其业务。其创始人兼前首席执行官凯文·普兰克（Kevin Plank）于2019年卸任，他将UA扩展到健身追踪器和移动应用领域，但无法跟上耐克和阿迪达斯直接面向消费者的扩张战略。</blockquote> The bankruptcy of&nbsp;Sports Authority in 2016 exacerbated that pressure by flooding wholesale channels with cheap UA products, and its flagship Curry shoes experienced diminishing returns. It broadly missed its three-year target of generating $7.5 billion in revenue by 2018, and its double-digit revenue growth decelerated to low single-digit levels as its core North American business withered.<blockquote>2016年Sports Authority的破产加剧了这种压力，廉价的UA产品充斥了批发渠道，其旗舰产品Curry鞋的收益递减。该公司基本未能实现到2018年实现75亿美元收入的三年目标，而且随着北美核心业务的萎缩，其两位数的收入增长放缓至低个位数水平。</blockquote> Other mishaps -- including Plank's praise of former President Trump, reports of a toxic work environment, and an&nbsp;accounting scandal -- further tarnished UA's reputation with its customers and investors.<blockquote>其他事故——包括普兰克对前总统特朗普的赞扬、有毒工作环境的报道以及会计丑闻——进一步损害了UA在客户和投资者中的声誉。</blockquote> UA hastaken some stepsin the right direction over the past year. It boosted its gross margin by improving its supply chain and product mix, launched new high-end products, and stabilized its North American business. But I believe UA's challenges are far from over, especially as Nike and Adidas recover, and both classes of its stock still look expensive at more than 40 times forward earnings.<blockquote>过去一年，UA朝着正确的方向迈出了一些步伐。它通过改善供应链和产品组合、推出新的高端产品以及稳定北美业务来提高毛利率。但我相信UA的挑战还远未结束，尤其是在耐克和阿迪达斯复苏的情况下，而且其两类股票的预期市盈率仍超过40倍，看起来仍然昂贵。</blockquote> 3. ContextLogic<blockquote>3.ContextLogic</blockquote> ContextLogic, which operates a discount e-commerce marketplace Wish, went public at $24 per share last December. But the stock subsequently tumbled to about $8 as investors spotted three glaring problems.<blockquote>经营折扣电子商务市场Wish的ContextLogic去年12月以每股24美元的价格上市。但由于投资者发现了三个明显的问题，该股随后暴跌至约8美元。</blockquote> First, Wish's revenue rose 34% in&nbsp;2020, but it grew at a slower rate than that of bigger e-commerce companies like&nbsp;Amazon&nbsp;and&nbsp;Shopify. Analysts expect Wish's revenue to rise just 24% this&nbsp;year -- which makes it an underdog with decelerating growth in a saturated market.<blockquote>首先，Wish的收入在2020年增长了34%，但其增长速度低于大型电子商务公司，如亚马逊和Shopify分析师预计Wish今年的收入仅增长24%，这使其在饱和的市场中处于增长放缓的劣势。</blockquote> Second, most of Wish's merchants are in China, which exposes it to rising tariffs and trade tensions. Its shoppers have also repeatedly complained about counterfeit goods, long shipping times, and difficult returns. Lastly, Wish is deeply unprofitable: its net losses widened in 2020 and the first quarter of 2021, and analysts don't expect it to generate a profit anytime soon.<blockquote>其次，Wish的大部分商家都在中国，这使其面临关税上升和贸易紧张局势。其购物者也一再抱怨假冒商品、运输时间长和退货困难。最后，Wish严重无利可图：其净亏损在2020年和2021年第一季度扩大，分析师预计它不会很快盈利。</blockquote> Wish serves more than 100 million monthly active users (MAUs) in over 100 countries, but its shoppers are spread too thinly worldwide. Its high logistics costs and overwhelming dependence on discounts and flash sales could also prevent it from narrowing its losses.<blockquote>Wish在100多个国家/地区为超过1亿月活跃用户(MAU)提供服务，但其购物者在全球范围内分布过于分散。其高昂的物流成本以及对折扣和闪购的极度依赖也可能阻碍其缩小亏损。</blockquote> Wish trades at less than two times this year's sales, but that discount is deserved. Investors looking for a similar play with more growth potential should take a closer look at the Chinese discounte-commerce company&nbsp;Pinduoduo&nbsp;instead.<blockquote>Wish的交易价格不到今年销售额的两倍，但这种折扣是应得的。寻找具有更大增长潜力的类似业务的投资者应该仔细研究这家中国折扣电子商务公司拼多多相反。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks that Could Torpedo Your Portfolio<blockquote>3只可能破坏您投资组合的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks that Could Torpedo Your Portfolio<blockquote>3只可能破坏您投资组合的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-06-08 16:55\n\n</h4>\n</header>\n<article>\n Altria and two other flawed stocks could offset your gains this year. The S&amp;P 500 is hovering near all-time highs, but many individual stocks have underperformed the market this year amid concerns about rising bond yields, inflation, and post-pandemic slowdowns in certain sectors.<blockquote>奥驰亚和另外两只有缺陷的股票可能会抵消你今年的涨幅。标普500徘徊在历史高点附近，但由于对债券收益率上升、通胀以及某些行业大流行后放缓的担忧，许多个股今年的表现逊于大盘。</blockquote> In this fickle market, you should check your portfolio for any potential losers. Let's take a closer look at three wobbly stocks that might offset your gains this year:&nbsp;Altria(NYSE:MO),&nbsp;Under Armour(NYSE:UA)(NYSE:UAA), and&nbsp;ContextLogic&nbsp;(NASDAQ:WISH).<blockquote>在这个变化无常的市场中，您应该检查您的投资组合是否有任何潜在的输家。让我们仔细看看三只可能抵消您今年涨幅的不稳定股票：奥驰亚（纽约证券交易所代码：MO），Under Armour（纽约证券交易所代码：UA）（纽约证券交易所代码：UAA），以及上下文逻辑（纳斯达克：愿望）。</blockquote> 1. Altria<blockquote>1.奥驰亚</blockquote> Altria is the largest tobacco company in America. Its flagship brand, Marlboro, controls more than 40% of the country's retail cigarette market. It generates most of its revenue from cigarettes, but it also sells cigars, snus, e-cigarettes, heated tobacco products, nicotine pouches, and wine.<blockquote>奥驰亚是美国最大的烟草公司。其旗舰品牌万宝路控制着该国40%以上的卷烟零售市场。它的大部分收入来自香烟，但也销售雪茄、鼻烟、电子烟、加热烟草产品、尼古丁袋和葡萄酒。</blockquote> Altria might initially seem like a stable income stock. It pays a high forward yield of nearly 7%, it's raised that payout every year since it spun off its international business as&nbsp;Philip Morris International&nbsp;in 2008, and it trades at just ten times forward earnings.<blockquote>奥驰亚最初可能看起来是一只收入稳定的股票。它支付近7%的高远期收益率，自从将国际业务分拆为菲利普莫里斯国际公司2008年，它的预期市盈率仅为十倍。</blockquote> Yet Altria's stock lost nearly a quarter of its value over the past five years. After factoring in reinvented dividends, it generated atotal returnof just 1% as the S&amp;P 500 delivered a total return of 120%.<blockquote>然而，奥驰亚的股票在过去五年里损失了近四分之一的价值。考虑到重新发明的股息后，它的总回报率仅为1%，而标普500的总回报率为120%。</blockquote> Altria underperformed the market because adult smoking rates in the U.S. are declining. To counter that secular decline, Altria raised prices, cut costs, and repurchased more shares to boost its EPS. Those strategies helped Altria tread water, but they're arguably unsustainable over the long term.<blockquote>奥驰亚的表现逊于市场，因为美国成人吸烟率正在下降。为了应对长期下滑，奥驰亚提高价格、削减成本并回购更多股票以提高每股收益。这些策略帮助奥驰亚陷入困境，但从长远来看，它们可以说是不可持续的。</blockquote> To stay relevant, Altria invested billions in the e-cigarette maker Juul and the cannabis company&nbsp;Cronos-- but the former caused big writedowns, and the latter hasn't generated any meaningful revenue yet.<blockquote>为了保持影响力，奥驰亚向电子烟制造商Juul和大麻公司投资了数十亿美元克罗诺斯——但前者造成了巨额减记，而后者尚未产生任何有意义的收入。</blockquote> The bulls believe Altria can eventually diversify its business away from cigarettes, but I'm not as optimistic. Investors should stick withdividend stockswith more balanced business models instead.<blockquote>看涨者相信奥驰亚最终可以实现业务多元化，摆脱卷烟，但我并不那么乐观。投资者应该坚持持有商业模式更平衡的股息股票。</blockquote> 2. Under Armour<blockquote>2.Under Armour</blockquote> Under Armour's stock has risen about 30% this year as the athletic footwear andapparel maker'sfundamentals have gradually improved after weathering the pandemic. But if we pull back the chart, we'll notice UA's stock has still lost nearly 40% of its value over the past five years.<blockquote>Under Armour的股价今年上涨了约30%，这家运动鞋和服装制造商的基本面在经受住了疫情的考验后逐渐改善。但如果我们拉回图表，我们会注意到UA的股票在过去五年中仍然损失了近40%的价值。</blockquote> UA was once called the \"next&nbsp;Nike\", but a series of missteps torpedoed its business. Its founder and former CEO Kevin Plank, who stepped down in 2019, expanded UA into fitness trackers and mobile apps, but couldn't keep pace with Nike and&nbsp;Adidas' direct-to-consumer expansion strategies.<blockquote>UA曾被称为“下一个耐克”，但一系列失误破坏了其业务。其创始人兼前首席执行官凯文·普兰克（Kevin Plank）于2019年卸任，他将UA扩展到健身追踪器和移动应用领域，但无法跟上耐克和阿迪达斯直接面向消费者的扩张战略。</blockquote> The bankruptcy of&nbsp;Sports Authority in 2016 exacerbated that pressure by flooding wholesale channels with cheap UA products, and its flagship Curry shoes experienced diminishing returns. It broadly missed its three-year target of generating $7.5 billion in revenue by 2018, and its double-digit revenue growth decelerated to low single-digit levels as its core North American business withered.<blockquote>2016年Sports Authority的破产加剧了这种压力，廉价的UA产品充斥了批发渠道，其旗舰产品Curry鞋的收益递减。该公司基本未能实现到2018年实现75亿美元收入的三年目标，而且随着北美核心业务的萎缩，其两位数的收入增长放缓至低个位数水平。</blockquote> Other mishaps -- including Plank's praise of former President Trump, reports of a toxic work environment, and an&nbsp;accounting scandal -- further tarnished UA's reputation with its customers and investors.<blockquote>其他事故——包括普兰克对前总统特朗普的赞扬、有毒工作环境的报道以及会计丑闻——进一步损害了UA在客户和投资者中的声誉。</blockquote> UA hastaken some stepsin the right direction over the past year. It boosted its gross margin by improving its supply chain and product mix, launched new high-end products, and stabilized its North American business. But I believe UA's challenges are far from over, especially as Nike and Adidas recover, and both classes of its stock still look expensive at more than 40 times forward earnings.<blockquote>过去一年，UA朝着正确的方向迈出了一些步伐。它通过改善供应链和产品组合、推出新的高端产品以及稳定北美业务来提高毛利率。但我相信UA的挑战还远未结束，尤其是在耐克和阿迪达斯复苏的情况下，而且其两类股票的预期市盈率仍超过40倍，看起来仍然昂贵。</blockquote> 3. ContextLogic<blockquote>3.ContextLogic</blockquote> ContextLogic, which operates a discount e-commerce marketplace Wish, went public at $24 per share last December. But the stock subsequently tumbled to about $8 as investors spotted three glaring problems.<blockquote>经营折扣电子商务市场Wish的ContextLogic去年12月以每股24美元的价格上市。但由于投资者发现了三个明显的问题，该股随后暴跌至约8美元。</blockquote> First, Wish's revenue rose 34% in&nbsp;2020, but it grew at a slower rate than that of bigger e-commerce companies like&nbsp;Amazon&nbsp;and&nbsp;Shopify. Analysts expect Wish's revenue to rise just 24% this&nbsp;year -- which makes it an underdog with decelerating growth in a saturated market.<blockquote>首先，Wish的收入在2020年增长了34%，但其增长速度低于大型电子商务公司，如亚马逊和Shopify分析师预计Wish今年的收入仅增长24%，这使其在饱和的市场中处于增长放缓的劣势。</blockquote> Second, most of Wish's merchants are in China, which exposes it to rising tariffs and trade tensions. Its shoppers have also repeatedly complained about counterfeit goods, long shipping times, and difficult returns. Lastly, Wish is deeply unprofitable: its net losses widened in 2020 and the first quarter of 2021, and analysts don't expect it to generate a profit anytime soon.<blockquote>其次，Wish的大部分商家都在中国，这使其面临关税上升和贸易紧张局势。其购物者也一再抱怨假冒商品、运输时间长和退货困难。最后，Wish严重无利可图：其净亏损在2020年和2021年第一季度扩大，分析师预计它不会很快盈利。</blockquote> Wish serves more than 100 million monthly active users (MAUs) in over 100 countries, but its shoppers are spread too thinly worldwide. Its high logistics costs and overwhelming dependence on discounts and flash sales could also prevent it from narrowing its losses.<blockquote>Wish在100多个国家/地区为超过1亿月活跃用户(MAU)提供服务，但其购物者在全球范围内分布过于分散。其高昂的物流成本以及对折扣和闪购的极度依赖也可能阻碍其缩小亏损。</blockquote> Wish trades at less than two times this year's sales, but that discount is deserved. Investors looking for a similar play with more growth potential should take a closer look at the Chinese discounte-commerce company&nbsp;Pinduoduo&nbsp;instead.<blockquote>Wish的交易价格不到今年销售额的两倍，但这种折扣是应得的。寻找具有更大增长潜力的类似业务的投资者应该仔细研究这家中国折扣电子商务公司拼多多相反。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/06/07/3-stocks-that-could-torpedo-your-portfolio/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAA":"安德玛公司A类股","MO":"奥驰亚","UA":"安德玛公司C类股"},"source_url":"https://www.fool.com/investing/2021/06/07/3-stocks-that-could-torpedo-your-portfolio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182747383","content_text":"Altria and two other flawed stocks could offset your gains this year.\n\nThe S&P 500 is hovering near all-time highs, but many individual stocks have underperformed the market this year amid concerns about rising bond yields, inflation, and post-pandemic slowdowns in certain sectors.\nIn this fickle market, you should check your portfolio for any potential losers. Let's take a closer look at three wobbly stocks that might offset your gains this year: Altria(NYSE:MO), Under Armour(NYSE:UA)(NYSE:UAA), and ContextLogic (NASDAQ:WISH).\n1. Altria\nAltria is the largest tobacco company in America. Its flagship brand, Marlboro, controls more than 40% of the country's retail cigarette market. It generates most of its revenue from cigarettes, but it also sells cigars, snus, e-cigarettes, heated tobacco products, nicotine pouches, and wine.\nAltria might initially seem like a stable income stock. It pays a high forward yield of nearly 7%, it's raised that payout every year since it spun off its international business as Philip Morris International in 2008, and it trades at just ten times forward earnings.\nYet Altria's stock lost nearly a quarter of its value over the past five years. After factoring in reinvented dividends, it generated atotal returnof just 1% as the S&P 500 delivered a total return of 120%.\nAltria underperformed the market because adult smoking rates in the U.S. are declining. To counter that secular decline, Altria raised prices, cut costs, and repurchased more shares to boost its EPS. Those strategies helped Altria tread water, but they're arguably unsustainable over the long term.\nTo stay relevant, Altria invested billions in the e-cigarette maker Juul and the cannabis company Cronos-- but the former caused big writedowns, and the latter hasn't generated any meaningful revenue yet.\nThe bulls believe Altria can eventually diversify its business away from cigarettes, but I'm not as optimistic. Investors should stick withdividend stockswith more balanced business models instead.\n2. Under Armour\nUnder Armour's stock has risen about 30% this year as the athletic footwear andapparel maker'sfundamentals have gradually improved after weathering the pandemic. But if we pull back the chart, we'll notice UA's stock has still lost nearly 40% of its value over the past five years.\nUA was once called the \"next Nike\", but a series of missteps torpedoed its business. Its founder and former CEO Kevin Plank, who stepped down in 2019, expanded UA into fitness trackers and mobile apps, but couldn't keep pace with Nike and Adidas' direct-to-consumer expansion strategies.\nThe bankruptcy of Sports Authority in 2016 exacerbated that pressure by flooding wholesale channels with cheap UA products, and its flagship Curry shoes experienced diminishing returns. It broadly missed its three-year target of generating $7.5 billion in revenue by 2018, and its double-digit revenue growth decelerated to low single-digit levels as its core North American business withered.\nOther mishaps -- including Plank's praise of former President Trump, reports of a toxic work environment, and an accounting scandal -- further tarnished UA's reputation with its customers and investors.\nUA hastaken some stepsin the right direction over the past year. It boosted its gross margin by improving its supply chain and product mix, launched new high-end products, and stabilized its North American business. But I believe UA's challenges are far from over, especially as Nike and Adidas recover, and both classes of its stock still look expensive at more than 40 times forward earnings.\n3. ContextLogic\nContextLogic, which operates a discount e-commerce marketplace Wish, went public at $24 per share last December. But the stock subsequently tumbled to about $8 as investors spotted three glaring problems.\nFirst, Wish's revenue rose 34% in 2020, but it grew at a slower rate than that of bigger e-commerce companies like Amazon and Shopify. Analysts expect Wish's revenue to rise just 24% this year -- which makes it an underdog with decelerating growth in a saturated market.\nSecond, most of Wish's merchants are in China, which exposes it to rising tariffs and trade tensions. Its shoppers have also repeatedly complained about counterfeit goods, long shipping times, and difficult returns. Lastly, Wish is deeply unprofitable: its net losses widened in 2020 and the first quarter of 2021, and analysts don't expect it to generate a profit anytime soon.\nWish serves more than 100 million monthly active users (MAUs) in over 100 countries, but its shoppers are spread too thinly worldwide. Its high logistics costs and overwhelming dependence on discounts and flash sales could also prevent it from narrowing its losses.\nWish trades at less than two times this year's sales, but that discount is deserved. Investors looking for a similar play with more growth potential should take a closer look at the Chinese discounte-commerce company Pinduoduo instead.","news_type":1,"symbols_score_info":{"UA":0.9,"UAA":0.9,"MO":0.9,"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":2214,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

3 Stocks that Could Torpedo Your Portfolio<blockquote>3只可能破坏您投资组合的股票</blockquote>

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