These stocks have failed to participate in the almost unprecedented broad-based rally of Q1.The S&P 500 broke to a new closing high on the last trading day of March, confirming that the technical picture is still solidly bullish. The first-quarter gain of 11.3% for the broad-based index ranks as one of the strongest first quarters ever recorded, but it also increases the probability of a near-term consolidation or even a correction of up to 10%. Nevertheless, no year that started with a quarterly gain of over 8% has ever experienced a loss.
Stocks that were slow to participate in the almost unprecedented broad-based rally of Q1 should be culled from portfolios, since it is unlikely that they will appreciate under less-supportive conditions. Thus, our list of stocks to sell in April is populated with failed attempts to rally. It is time to release the money tied up in these losers and put it to better use. (Please see the Top Stocks to Buy for April, as well as the Trade of the Day, for stocks that should fully participate in a bull market.)
Here is our list of stocks to sell in April: