Wall Street moved slightly higher in its first trading week of 2023. My "three stocks to avoid," which I thought were going to lose to the market in the past week -- Altria, Occidental Petroleum, and ExxonMobil -- rose 1.6%, 1.2%, and 0.2%, respectively, averaging out to a 1% increase.
The S&P 500 also moved in the right direction, increasing 1.4% for the holiday-abridged week. It was close, but I was right. I have been correct in 41 of the past 64 weeks, or 64% of the time.
Let's turn our attention to the week ahead. I see Corus Entertainment (OTC: CJREF), Sinclair Broadcasting (NASDAQ: SBGI), and ExxonMobil (NYSE: XOM) 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