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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/720533/gettycrash.jpg

Wall Street proved mortal for the fifth trading week of 2023. My "three stocks to avoid," which I thought were going to lose to the market in the past week -- Tesla Motors, Apple, and 1-800-Flowers.com -- rose 4%, fell 2%, and plunged 12%, respectively, averaging out to an 3.3% drop.

The S&P 500 moved 1.1% lower for the week. I was right. I have been correct in 45 of the past 69 weeks, or 65% of the time.

Let's turn our attention to the week ahead. I see Zoetis (NYSE: ZTS), Tesla Motors (NASDAQ: TSLA), Applied Materials (NASDAQ: AMAT) and 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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