6 Stocks to Sell in July

These high-yielding stocks should be liquidated

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6 Stocks to Sell in July

Stock to Sell #1 – Banco Santander (SAN)

Spain’s major commercial bank, Banco Santander (SAN), also operates in the UK, Portugal and Latin America. Earnings for this major European bank have been eroding since 2007 when it reported $2.06 per share. Since then, it earned $1.79 in 2008, $1.45 in 2009, $1.24 in 2010, $0.82 in 2011, and in 2012, it earned $0.28. The major reason for owning SAN is its dividend, which is now $0.61 per share for a 9.3% yield. But unless earnings turn up, the dividend appears to be in jeopardy.

The stock broke down from major support in March, attempted to recover within a triangle, but broke south again in mid-June, gapping below $6.60. Currently, the stock has formed a bearish flag. Sell SAN at the market.

07 13 sell san 300x187 6 Stocks to Sell in July
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chart key 300x84 6 Stocks to Sell in July 


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/stocks-to-sell-san-ctl-cxw-eqr-exc-pom/.

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