DESP - 3 Stocks to Avoid This Week
I took a look at three stocks to avoid last week, and I was totally off the mark. For the first time since I started this weekly column in early June, the average return of the three stocks I picked ended up beating the market. It wasn't even close. All three stocks moved higher, clocking in with an average gain of 9%. The S&P 500 edged less than 1% higher.
Now that I've been humbled after killing it for nine weeks in a row, let's see if I can get my bearish sixth sense back on track. I see Despegar.com (NYSE: DESP), SeaWorld Entertainment (NYSE: SEAS), and Tesla Motors (NASDAQ: TSLA) as vulnerable investments in the near term. Here's why I think these are three stocks to avoid this week.
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