Wall Street took a big step back in the ninth trading week of 2023. I thought my "three stocks to avoid" -- Cricut, Stitch Fix, and Baozun -- were going to lose to the market in the past week. They declined 5%, 6%, and 18%, respectively. The final result was an average slide of 9.7% for the week.
The S&P 500 moved 4.5% lower for the week. I was correct. I have been right 48 of the past 73 weeks, or 66% of the time.
Let's turn our attention to the week ahead. I see BuzzFeed (NASDAQ: BZFD), Coinbase (NASDAQ: COIN), and Lennar (NYSE: LEN) 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