3 Stocks to Avoid This Week
Wall Street kept clawing its way back in the 12th trading week of 2023. I thought my "three stocks to avoid" -- Ollie's Bargain Outlet Holdings (NASDAQ: OLLI), Coinbase (NASDAQ: COIN), and Movado (NYSE: MOV) -- were going to lose to the market in the past week. They rose 12%, declined 10%, and plummeted 16%, respectively. The final result was an average decline of 4.7% for the week.
The S&P 500 moved 1.4% higher for the second week in a row. I was right, and I have still been right 49 of the past 75 weeks, or 65% of the time.
Let's turn our attention to the week ahead. I see Walgreens Boots Alliance (NASDAQ: WBA), H.B. Fuller (NYSE: FUL), 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
