Finding stocks to sell in July is crucial, because the period is typically a good-but-not-great month for stocks.
That means any hope for outperformance in your personal portfolio hinges on identifying technically weak stocks to sell and jettisoning them now before they drag you down.
Over the last 67 years, the S&P 500 has returned an average of 0.91% in July, according to Yardeni Research. That puts the month’s returns squarely in the middle of the pack in regards to seasonality.
Like we said: good, but not great.
Against that backdrop, tactical and technically minded investors need to identify key S&P 500 stocks to sell, since these picks will weigh on their returns and hold back performance. After all, big names with no price momentum and a history of poor monthly performance aren’t going to do the broader market any good.
As stocks to sell for July, these names are no-brainers.
After screening the S&P 500 for stocks showing everything from price weakness to poor seasonality, we found a number of equities waving technical red flags. Based on technical weakness, here are five stocks to sell for July: