Markets

5 Stocks to Avoid at all Costs

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Seemingly out of nowhere the market got an upset stomach this afternoon and turned things upside down. The NASDAQ led the way down and several names lost their footing. No real cause for alarm as there wasn't really much fundamental justification for the selling. I think this afternoon gave the market a great buying opportunity.

Check out Dave's Daily Dive video above where I break down the market action today!!!

Each day I, Dave Bartosiak of Zacks.com ( Twitter @bartosiastics ) dive into the charts, pointing out key price action and levels for you to watch.

But it doesn't stop there because the highlight of today's video, which you can see for free by clicking above, is where I uncover five Zacks Rank #5 (Strong Sell) stocks that are breaking down to new 52-week lows. These stocks are examples of stocks to avoid as you're out there looking for bargains in the wake of today's price action. The list of stocks I cover today include:

Buffalo Wild WingsBWLD

Buffalo Wild Wings, Inc. Price and Consensus

Buffalo Wild Wings, Inc. Price and Consensus | Buffalo Wild Wings, Inc. Quote

Buffalo Wild Wings, Inc. owns, operates, and franchises restaurants under Buffalo Wild Wings, R Taco, and PizzaRev names. The company's restaurants provide various food products, as well as non-alcoholic and alcoholic beverages. As of February 7, 2017, it had approximately 1,220 Buffalo Wild Wings locations worldwide. The company was founded in 1982 and is headquartered in Minneapolis, Minnesota.

Cheesecake Factory CAKE

The Cheesecake Factory Incorporated Price and Consensus

The Cheesecake Factory Incorporated Price and Consensus | The Cheesecake Factory Incorporated Quote

The Cheesecake Factory Incorporated operates restaurants primarily in the United States. The company also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. As of March 2, 2017, it operated 208 casual dining restaurants, including 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark, and 1 currently under the Rock Sugar Pan Asian Kitchen mark; and 15 The Cheesecake Factory branded restaurants in the Middle East, China, and Mexico under licensing agreements.

Brinker International EAT

Brinker International, Inc. Price and Consensus

Brinker International, Inc. Price and Consensus | Brinker International, Inc. Quote

Brinker International, Inc., together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 29, 2016, it had 1,660 company-owned and franchised restaurants comprising 1,609 restaurants under the Chili's Grill & Bar brand name; and 51 restaurants under the Maggiano's Little Italy brand name.

Rite Aid RAD

Rite Aid Corporation Price and Consensus

Rite Aid Corporation Price and Consensus | Rite Aid Corporation Quote

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through Retail Pharmacy and Pharmacy Services segments. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

Team Inc TISI

Team, Inc. Price and Consensus

Team, Inc. Price and Consensus | Team, Inc. Quote

Team, Inc. provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The company serves petrochemical, refining, power, pipeline, steel, pulp, and paper industries; and municipalities, shipbuilding, original equipment manufacturers, distributors, and engineering and construction firms.

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Team, Inc. (TISI): Free Stock Analysis Report

Rite Aid Corporation (RAD): Free Stock Analysis Report

The Cheesecake Factory Incorporated (CAKE): Free Stock Analysis Report

Buffalo Wild Wings, Inc. (BWLD): Free Stock Analysis Report

Brinker International, Inc. (EAT): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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