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3 Stocks to Avoid This Week

TheMotleyFool

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3 Stocks to Avoid This Week: https://g.foolcdn.com/editorial/images/682427/gettycrash.jpg

My "three stocks to avoid" column last week didn't pan out. All three investments I figured would be in for a rough few trading days moved sharply higher. The three names I thought were going to move lower for the week -- Alibaba, Tesla, and Nordstrom -- finished up 8%, 14%, and 25%, respectively, averaging out to a 15.7% gain. Ouch!

The S&P 500 soared 6.6% for the week, but naturally the stocks I figured would fare worse did not. I was wrong, but I have still been right in 22 of the past 32 weeks.

I see GameStop (NYSE: GME), ChargePoint (NYSE: CHPT), and Conn's (NASDAQ: CONN) 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

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