3 Stocks to Avoid This Week
My "three stocks to avoid" column last week proved timely, as all three investments I figured would be in for a rough few trading days declined. The three names I figured were going to move lower for the week -- Coca-Cola, Blue Apron, and Tencent Music Entertainment -- finished down 7%, 16%, and 1%, respectively, averaging out to a 8% decline.
The S&P 500 declined 3% 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 22 of the past 31 weeks.
I see Alibaba (NYSE: BABA), Tesla (NASDAQ: TSLA), and Nordstrom (NYSE: JWN) as stocks you may want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.
Source Fool.com
