Fund manager names two U.S. stocks he thinks might not survive 2023

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Businesses that relied on 'free and infinite capital' are now facing a harsh reality, according to fund manager Trent Masters, and could even go bankrupt.

Businesses that relied on "free and infinite capital" are now facing a harsh reality, according to fund manager Trent Masters, and could even go bankrupt. During the Covid years of 2020-2021 — when central banks and governments pumped money into global economies — some company valuations "got way out of shape," according to Masters, from Alphinity Investment Management.

line Shares of Carvana have fallen by more than 95% in the past year According to a consensus of analysts' estimates compiled by FactSet, Carvana's shares are expected to fall by 6.6% over the next 12 months to $7.5 a share. They were trading around $7.49 Friday morning. Piper Sandler is one bank that has a more optimistic take on the stock, however, with its analysts expecting the stock to rise by 460% to $45 a share. Carvana did not respond to a request for comment from CNBC Pro.

line Shares of credit lender Affirm have fallen by more than 80% in the past 12 month

 

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