3 Stocks to Avoid This Week
We're heading into a holiday-abridged trading week, but volaility never takes a breather. I pick three stocks at the start of every week that I think will lose to the market in the week ahead, and I've been doing pretty well lately. My three stocks to avoid last week were on the move -- up 5%, down 13%, and down 24% -- averaging out to an 10.7% decline.
The S&P 500 rose 0.3% for the week, so I was the relative winner with my bearish calls for the fifth consecutive week. This week I see Rivian (NASDAQ: RIVN), Jack in the Box (NASDAQ: JACK), and Cracker Barrel (NASDAQ: CBRL) as stocks that you may want to consider steering clear from this week. Let's go over my reasons for the near-term pessimism.
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Source Fool.com
