Despite unfavorable economic reports, a weak European economy, and new threats of conflict in the Middle East, stocks have responded with the Dow and S&P 500 setting new highs and the Nasdaq jumping to a 12-year high.
And so, as we enter what is traditionally the weakest month of the year, the major indices are telling us that a new leg up in the bull market is more likely than the “sell in May” scenario.
In a powerful bull market, the rising tide floats most boats, but not all. This month, we’re focusing on stocks that face new economic challenges that could inhibit their growth and those that technical analysis highlights as ones that should be sold. Proceeds should be directed to higher-growth areas that will fully participate in the rewards that stocks in strong uptrends can provide.
Here is our list of stocks to sell in May: