If there’s a best time to prune stocks to sell from your portfolio, it’s now. It’s well-documented that September is by far the worst month for stocks. Since 1924, the S&P 500 has lost an average of 1% over the course of the month. With the broader market working against you, its imperative to give yourself every extra edge you can find.
Stocks with poor technicals and seasonality are only going to weigh your portfolio down at a time when gains are already hard to come by. These are no-brainer stocks to sell. Their downward price momentum and crummy September track records don’t promise to provide any support during the toughest month of the year for equities. Indeed, they’re some of the anchors threatening to sink you.
There is no shortage of names in the S&P 500 flashing signs of technical weakness for the month of September. From poor seasonality to overbought conditions to bearish crossovers, these are the stocks to sell if you hope to escape the month with market-beating — to say nothing of positive — gains.
After screening the broader market, we chose a handful of names we consider sells on a technical basis alone.
If you want to get ahead of the market’s imminent weakness, these are the five stocks to sell for September: