FYBR - 3 Stocks to Avoid This Week
2023-04-03 07:30:00 ET
Wall Street ended the first quarter on a bullish note. I thought my " three stocks to avoid " -- Walgreens Boots Alliance , H.B. Fuller , and Tesla Motors -- were going to lose to the market in the past week. They rose 6%, 2%, and 9%, respectively. The final result was an average climb of 5.7% for the week.
The S&P 500 soared 3.5% higher, its third big week -- but not enough to catch the three stocks I was betting against. I was wrong, but I have still been right 49 of the past 76 weeks, or 64% of the time.
Let's turn our attention to the week ahead. I see Alibaba (NYSE: BABA) , WD-40 (NASDAQ: WDFC) , and Frontier Communications (NASDAQ: FYBR) 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