Good riddance to April, which has been a crazy month for stocks. From flirting with a correction to notching new all-time highs, the market was too bipolar to get any kind of handle on what comes next.
At the same time, momentums stocks — the market darlings posting outsized gains — were disproportionately punished. Former high flyers like Netflix (NFLX), TripAdvisor (TRIP) and Twitter (TWTR) have been smacked down since the end of February, losing as much as 25% of their value.
Indeed, when the bottom fell out of momentum stocks, a number of names broke their technicals. That technical weakness — not to mention historical returns — doesn’t bode well for May.
You don’t have to sell everything in May and go away, but the technicals on these five names suggest more pain ahead.
Here are five stocks to sell in May: