I took a look at three stocks to avoid last week, predicting that Coinbase Global (NASDAQ: COIN), American Airlines (NASDAQ: AAL), and Travelzoo (NASDAQ: TZOO) would have a bad week.
The three stocks averaged a 7.7% slide for the week. The S&P 500 was roughly flat for the week, with a 0.1% decline that was better than all three declining stocks. This is the second week in a row where all three stocks fall in a flat or rising market. This week, I see Coinbase Global, Six Flags Entertainment (NYSE: SIX), and MicroStrategy (NASDAQ: MSTR) as vulnerable investments in the near term. Here's why I think these are three stocks to avoid this week.
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Source Fool.com