3 Stocks to Avoid This Week
Key Points Fastenal reports quarterly results on Wednesday. An analyst downgrade on Friday suggests it won't be a good report. Renren shares soared 75% last week. A step back for the Chinese growth stock is warranted. Robinhood is another rough week away from becoming a broken IPO. 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. Fastenal We're heading into earnings season, and one of the more p...