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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/710185/gettycrash.jpg

Last week was a letdown for investors long the market after a strong rally the week before. The "three stocks to avoid" in my column that I thought were going to lose to the market last week -- Coinbase, Despegar.com , and Bowlero -- fell 21%, 12%, and 12%, respectively, averaging out to a 15% plunge.

The S&P 500 experienced only a 0.7% move lower. I was right. I have been correct in 36 of the past 57 weeks, or 63% of the time.

Now let's look at the week ahead. I see Best Buy (NYSE: BBY), Luckin Coffee (OTC: LKNC.Y), and Apple (NASDAQ: AAPL) as stocks you might 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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