3 Stocks to Avoid This Week
I ended 2021 on a hot streak with my weekly column where I single out stocks to avoid in the week ahead. The new year is proving to be a bit more challenging. My three stocks to avoid last week were on the move -- as Constellation Brands (NYSE: STZ), GameStop (NYSE: GME), and SeaWorld Entertainment (NYSE: SEAS) were down 2%, down 5%, and up 5%, respectively -- averaging out to a 0.7% decline.
The S&P 500 tumbled 1.9% for the week. The stocks I picked did move lower -- on average -- but after 11 weeks of having my bearish calls beat the market, I fell short this past week. This week, I see Delta Airlines (NYSE: DAL), Lucid Motors (NASDAQ: LCID), and SeaWorld Entertainment (NYSE: SEAS) as stocks that you may want to consider steering clear from. Let's go over my reasons for the near-term pessimism.
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Source Fool.com
