3 Stocks to Avoid This Week
Last week ended with a bang. The market rallied following potentially encouraging inflation news, and it was off to the races for depressed equities. The "three stocks to avoid" in my column last week that I thought were going to lose to the market --Yeti Holdings (NYSE: YETI), Redfin (NASDAQ: RDFN), and Blink Charging (NASDAQ: BLNK) -- rose 39%, 30%, and 11%, respectively, averaging out to a 26.7% ascent.
The S&P 500 experienced a 5.9% move higher. I was very wrong. I have still been right in 35 of the past 56 weeks, or 63% of the time.
Now let's look at the week ahead. I see Coinbase (NASDAQ: COIN), Despegar.com (NYSE: DESP), and Bowlero (NYSE: BOWL) 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
