3 Stocks to Avoid This Week

Posted On June 15, 2020 11:51 am
By: admin

I took a look at three stocks to avoid last week, and my predictions went pretty well. The three investments declined between 6% and 29% for the week, all falling harder than the general market’s nearly 5% slide. Weekly victories aren’t the kind of stuff worth shouting from the rooftops when you’re investing for the long run, but I’ll take the 14% average decline on the three stocks.

The encouraging performance is also inspiring me to identify three stocks I see as vulnerable for the week ahead. I have some near-term concerns when it comes to Hertz (NYSE:HTZ), CarMax (NYSE:KMX), and Nikola (NASDAQ:NKLA). Let’s size up all three scenarios.