MOV - 3 Stocks to Avoid This Week
2023-03-20 08:15:00 ET
Wall Street bounced back in the 11th trading week of 2023. I thought my " three stocks to avoid " -- BuzzFeed , Coinbase , and Lennar -- were going to lose to the market in the past week. They declined 12%, soared 40%, and rose 6%, respectively. The final result was an average gain of 11.3% for the week.
The S&P 500 moved 1.4% higher for the week. I was wrong, but I have still been right 48 of the past 74 weeks, or 65% of the time.
Let's turn our attention to the week ahead. I see Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) , Coinbase (NASDAQ: COIN) , and Movado (NYSE: MOV) as stocks you might want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.
For further details see:
3 Stocks to Avoid This Week