3 Stocks to Avoid This Week
It was another down week for the market, and the same can be said of my three stocks to avoid. The three names I figured were cruising for a bruising last week -- Bakkt Holdings, Hilton Worldwide Holdings, and Peloton Group -- were down 29%, up 1%, and down 15%, respectively, averaging out to a 14.3% decline.
It was a rough week on Wall Street. The S&P 500 fell 1.6% for the week, so I won easily again this week. The S&P 500 has now outperformed my bearish picks -- meaning that I beat the market, as these are stocks I suggest investors avoid -- in 16 of the past 18 weeks. What stocks are giving me the heebie-jeebies now? This week, I see Vipshop Holdings (NYSE: VIPS), Exact Sciences (NASDAQ: EXAS), and Booking Holdings (NASDAQ: BKNG) as stocks that you may want to consider steering clear from. Let's go over my near-term concerns.
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