3 Stocks to Avoid This Week
The market finally bounced back after three rough weeks, but the same could also be said about the three investments I identified in my "three stocks to avoid" column last week. The three stocks I thought were going to lose to the market -- RH, National Beverage, and Coinbase -- rose 8%, sank 12%, and soared 24%, respectively, averaging out to a 6.7% gain.
The S&P 500 experienced a 3.6% move higher. I was wrong, but I have still been right in 30 of the past 47 weeks. I'll take it.
Now let's look at the week ahead. I see Latch (NASDAQ: LTCH), InnovAge Holding (NASDAQ: INNV), and, again, Coinbase (NASDAQ: COIN) as stocks you may want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.
Source Fool.com
