That’s the question Wall Street stock traders are trying to answer. And that uncertainty is showing up in various corners of the market, where some stocks are bucking conventional expectations. Peloton is down 41% from its January high and faces product recalls and shrinking interest in its pricey at-home fitness products. “The shifts that are happening now aren’t really consistent with the whole Covid winners, Covid losers of a year ago,” Charles Schwab chief investment strategist Liz Ann Sonders said. The divergence in the performance of these stocks and companies like Peloton and Zoom shows that investors need to be thinking like stock pickers rather than focusing on entire groups.
