3 Stocks to Avoid This Week
Wall Street moved sharply higher for the fourth 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, D.R. Horton, and Tesla Motors -- plunged 24%, rose 2%, and soared 33%, respectively, averaging out to a 3.7% ascent.
The S&P 500 moved nicely higher, increasing 2.5% for the week. The market beat two of the three, but there was no stopping Tesla. I was wrong, but I have still been correct in 43 of the past 67 weeks, or 64% of the time.
Let's turn our attention to the week ahead. I see BuzzFeed (NASDAQ: BZFD), General Motors (NYSE: GM), and 1-800-Flowers.com (NASDAQ: FLWS) 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
