3 Stocks to Avoid This Week
It's fitting that this weekly column should land on Halloween. The market gave us treats through most of October. I was looking for trick. The "three stocks to avoid" in my column last week that I thought were going to lose to the market -- Amazon.com (NASDAQ: AMZN), AbbVie (NYSE: ABBV), and Overstock.com (NASDAQ: OSTK) -- plummeted 13.3%, sank 0.3%, and rose 0.8%, respectively, averaging out to a 4.3% decline.
The S&P 500 experienced a 4% move higher. I was correct. I have been right in 35 of the past 54 weeks, or 65% of the time.
Now let's look at the week ahead. I see Cinemark Holdings (NYSE: CNK), CVS Health (NYSE: CVS), and Noodles & Co. (NASDAQ: NDLS) as stocks you might want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.
Source Fool.com
