CVNA - 3 Stocks to Avoid This Week
Wall Street in general took a small step back for the sixth trading week of 2023. My " three stocks to avoid ," which I thought were going to lose to the market in the past week -- Zoetis (NYSE: ZTS) , Tesla Motors (NASDAQ: TSLA) , and Applied Materials (NASDAQ: AMAT) -- fared far better by climbing 9%, 6%, and 1%, respectively, averaging out to an 5.3% increase.
The S&P 500 moved 0.3% lower for the week. I was wrong. I have been correct in 45 of the past 70 weeks, or 64% of the time.
Let's turn our attention to the week ahead. I see Carvana (NYSE: CVNA) , Tesla Motors , and Sturm, Ruger (NYSE: RGR) 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