3 Stocks to Avoid This Week
Wall Street moved slightly higher in its second trading week of 2023. My "three stocks to avoid," which I thought were going to lose to the market in the past week -- Corus Entertainment, Sinclair Broadcasting, and ExxonMobil -- plunged 18%, rose 5%, and climbed 2%, respectively, averaging out to a 3.7% decline.
The S&P 500 moved in the other direction, increasing 2.7% for the holiday-abridged week. It was close, but I was right. I have been correct in 42 of the past 65 weeks, or 65% of the time.
Let's turn our attention to the week ahead. I see Bed Bath & Beyond (NASDAQ: BBBY), Alcoa (NYSE: AA), 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
