3 Stocks to Avoid This Week
Wall Street moved slightly lower during the third trading week of 2023. My "three stocks to avoid," which I thought were going to lose to the market in the past week -- Bed Bath & Beyond (NASDAQ: BBBY), Alcoa (NYSE: AA), and ExxonMobil (NYSE: XOM) -- plunged 8%, dipped 7%, and closed flat, respectively, averaging out to a 5% decline.
The S&P 500 moved in the other direction, increasing 0.7% for the holiday-abridged week. It was close, but I was right. I have been correct in 43 of the past 66 weeks, or 65% of the time.
Let's turn our attention to the week ahead. I see Bed Bath & Beyond, D.R. Horton (NYSE: DHI), and Tesla Motors (NASDAQ: TSLA) 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
