Fisker’s stock is down over 50% year-to-date, but the best is yet to come for the company later this year.
Unprofitable companies are the worst performers
Companies losing money each quarter are getting hammered the most. That’s probably why the Dow Jones Industrial Average is the best performer year-to-date. This is compared to the Nasdaq Composite, which had a lot of high flying growth names that still don’t turn a profit. Wall Street’s attitude toward companies without earnings are now out of favor. All Dow 30 companies are profitable and mostly paying healthy dividends. That is what investors want right now.
Fisker’s share price year-to-date
Fisker’s year to shine
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