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 -- BuzzFeed, General Motors, and 1-800-Flowers.com -- plunged 45%, rose 8%, and soared 11%, respectively, averaging out to an 8.7% drop.
The S&P 500 moved higher again, increasing 1.6% for the week. The market beat just one of the three, but BuzzFeed got clobbered. I was right. I have been correct in 44 of the past 68 weeks, or 65% of the time.
Let's turn our attention to the week ahead. I see Tesla Motors (NASDAQ: TSLA), Apple (NASDAQ: AAPL), 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
