3 Stocks to Avoid This Week
It was another rough week for the market, but that wasn't the case for my three stocks to avoid. The three names I figured were going to move lower last week -- Splunk (NASDAQ: SPLK), Big Lots (NYSE: BIG), and Value Line (NASDAQ: VALU) -- were up 7%, up 7%, and down 2%, respectively, averaging out to a 4% increase.
It was a week of ups (but mostly downs) on Wall Street. The S&P 500 rose 1.3% for the week, so I lost badly last week. Thankfully that hasn't happened often lately. 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 17 of the past 20 weeks. This week, I see Fossil (NASDAQ: FOSL), Vera Bradley (NASDAQ: VRA), and Atlria (NYSE: MO) as stocks that you may want to consider steering clear from. Let's go over my near-term concerns.
Image source: Getty Images.
Source Fool.com
