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Renren Inc. American Depositary Shares each representing fifteen Class A
I've been picking stocks to avoid every week, and I fared pretty well last time. My three stocks to avoid last week were on the move -- up 3%, down 16%, and flat -- averaging out to a 3.3% decrease.
The S&P 500 rose 0.8% for the week, a relative victory for me and my bearish calls. I have come out ahead in 12 of the past 16 weeks. Let's see if I can keep going. This week I see Fastenal (NASDAQ: FAST) , Renren (NYSE: RENN) , and Robinhood Markets (NASDAQ: HOOD) as vulnerable investments in the near term. Here's why I think these are three stocks to avoid this week.