3 Stocks to Avoid This Week
Last week was rough for the stock market, and that typically plays out well for my feature where I single out three stocks that I think will lose to the market in the week ahead. My three stocks to avoid last week were on the move -- down 13%, down 10%, and down 10% -- averaging out to an 11% decline.
The S&P 500 slipped 2.2% for the week, so I was the relative winner with my bearish calls for the sixth week in a row. This week I see AMC Entertainment (NYSE: AMC), American Airlines Group (NASDAQ: AAL), and Splunk (NASDAQ: SPLK) as stocks that you may want to consider steering clear from this week. Let's go over my reasons for the near-term pessimism.
Image source: Getty Images.
Source Fool.com
