3 Stocks to Avoid This Week
Wall Street's been pretty wild, and that's the kind of bucking bronco that makes this weekly diss piece all the more interesting. My three stocks to avoid last week were on the move -- as Royal Caribbean, Spotify, and Despegar.com were up 1%, 1%, and 6%, respectively -- averaging out to a 2.7% gain.
The S&P 500 rose 1.5% for the week, so I lost last week even though two of the three picks did underperform the market. The S&P 500 has still outperformed my bearish picks in 14 of the past 16 weeks, so I'm feeling pretty good about that. This week, I see ExxonMobil (NYSE: XOM), Blue Apron (NYSE: APRN), and Simon Property Group (NYSE: SPG) 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
