3 Stocks to Avoid This Week
The market's moving, and that's just fine for this weekly column that singles out three stocks that I expect to lose to the market in the week ahead. My three stocks to avoid last week were on the move -- as AT&T, MicroStrategy, and VF, were down 5%, 10%, and 7%, respectively -- averaging out to a 7.3% decline.
The S&P 500 bounced back to rise 0.8% for the week, so I won last week. My bearish picks have now lost to the market in 14 of the past 15 weeks. This week, I see Royal Caribbean (NYSE: RCL), Spotify (NYSE: SPOT), and Despegar.com (NYSE: DESP), as stocks that you may want to consider steering clear from. Let's go over my reasons for the near-term pessimism.
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Source Fool.com
