Market volatility has been caused by factors like low inflation, high job growth reports and surging COVID-19. This raises concerns that the market may be headed for a correction. Investors looking to protect their portfolios from market fluctuation should consider high-beta stocks MP Materials, (MP). Overstock.com Canaan(CAN), Altus Midstream, and Canaan/NASDAQ: are all best avoided. Let’s discuss these names.Impressive third-quarter corporate earnings, declining jobless claims, and rising consumer spending drove the markets to fresh highs in October. However, increasing concerns about high inflation, weak job growth reports for November, supply chain constraints, the Federal Reserve’s hawkish monetary policy, and the discovery of the new COVID-19 omicron variant caused the major stock indexes to pull back last week.

The CBOE volatility index gained 14.7% in the last month. This is a sign of high market volatility. Although major benchmark indexes are showing some improvement, they will continue to be under significant pressure for the near future. The broader market is highly dependent on high beta stocks. These stocks are often subject to extreme fluctuations in highly volatile markets.

We expect stocks with high beta MP Materials Corporation (MP), Overstock.com, Inc., Canaan Inc., (OSTK), Canaan Inc., (CAN) and Altus Midstream Company to see a price drop in the short term due to weak fundamentals. We recommend that they be avoided immediately.

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