3 Stocks to Avoid This Week
My "three stocks to avoid" column sometimes proved timely, as all three investments I figured would be in for a rough few trading days took double-digit percentage hits. The three names I figured were going to move lower for the week -- Beyond Meat, Redbox, and New Relic -- finished down 13%, 56%, and 19%, respectively, averaging out to a 29.3% decline.
The S&P 500 declined 2.4% for the week, so the stocks I figured would move even lower actually did fare worse. I was right, and I have now been right in 21 of the past 30 weeks.
This week, I see Coca-Cola (NYSE: KO), Blue Apron (NYSE: APRN), and Tencent Music Entertainment (NYSE: TME) as stocks you may want to consider steering clear of. Let's go over my near-term concerns with all three investments.
Source Fool.com
