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6 Stocks to Sell in May

Weak technical picture, global turmoil should put you on defensive

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Stock to Sell #1 – Applied Materials (AMAT)

Applied Materials (NASDAQ:AMAT), the world’s largest maker of wafer fabrication equipment for the semiconductor industry, broke through its 200-day moving average and support line as sellers accumulated. 

The company’s earnings have been mediocre with FY 2012 estimated at 84 cents, down from $1.30.

The stock has an immediate downside target of $10.50, but further market weakness could drop it to under $10.

AMAT Chart
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