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6 Stocks to Sell in May

A rising tide floats most boats, but not all

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6 Stocks to Sell in May

Stock to Sell #5 – Sysco Corp. (SYY)

With inflation flat and earnings choppy, some analysts have lowered their opinion and earnings outlook for the major food distributor, Sysco Corp. (NYSE:SYY). For the past four years, annual earnings have been stuck between $1.99 and $1.95, with $1.95 estimated for 2013. One major analyst has an outright “sell” on the stock following its latest quarterly earnings report, which showed EPS of $0.40 versus an estimated $0.43.

Technically, SYY is consolidating within a triangle, but two sell signals from our proprietary internal indicator, the Collins-Bollinger Reversal (CBR), as well as a MACD sell signal, tell us that the chances of a breakdown in price are high. Sell SYY at the market.

05 13 sell syy 300x201 6 Stocks to Sell in May
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chart key 300x84 6 Stocks to Sell in May 

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