3 Stocks to Avoid This Week
It was another rough week for the market, and that was also the case for my three stocks to avoid. The three names I figured were going to move lower last week -- Fossil (NASDAQ: FOSL), Vera Bradley (NASDAQ: VRA), and Atlria (NYSE: MO) -- were down 34%, 2%, and 6%, respectively, averaging out to a 14% decline.
Bearish sentiment won this time. The S&P 500 declined 2.9% for the week, so my bearish calls that were down an average of 14% were correct. 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 18 of the past 21 weeks. This week, I see Anthem (NYSE: ANTM), GameStop (NYSE: GME), and StoneCo (NASDAQ: STNE) as stocks that you may want to consider steering clear from. Let's go over my near-term concerns.
Source Fool.com
