3 Stocks to Avoid This Week
Wall Street bounced back in the 11th trading week of 2023. I thought my "three stocks to avoid" -- BuzzFeed, Coinbase, and Lennar -- were going to lose to the market in the past week. They declined 12%, soared 40%, and rose 6%, respectively. The final result was an average gain of 11.3% for the week.
The S&P 500 moved 1.4% higher for the week. I was wrong, but I have still been right 48 of the past 74 weeks, or 65% of the time.
Let's turn our attention to the week ahead. I see Ollie's Bargain Outlet Holdings (NASDAQ: OLLI), Coinbase (NASDAQ: COIN), and Movado (NYSE: MOV) 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
