“Sell in May and go away” is one of the most popular investing mantras out there.
Yes, the rule is a bit oversimplified, but it does make a valid point that the market starts to cool down a bit after the April earnings season begins winding down.
However, this year is different, and I’m looking to buy stocks over the next few weeks.
Several indicators are telling us that retail, travel, commodity and material stocks are fully entrenched in a bull market run that is going to last well into the summer.
Meanwhile, there are other sectors that are trapped in a bearish cycle, for example the biotechnology sector.
There are many profitable opportunities for us to look forward to over the next few weeks, but it’s important for us to also acknowledge the stocks that will drop lower.
There are six stocks that you’ll especially want to stay away from.
Here are the companies currently trapped in a bearish cycle…
I’ll keep you updated on any other stocks that you should avoid over the next few weeks.
Like I mentioned earlier, although traditional wisdom tells us to stay away in May, this year is different.
The biggest economic reopening the world has ever seen is about to unfold, and with so many investors leaving the market, it’s creating a one-of-a-kind opportunity to swoop into top stocks for discount prices.
Tom Gentile and I just recorded our latest Profit Strategies Podcast episode to help you take advantage of recent world events.
This episode is completely focused on the never-before-seen global trends that are affecting the market right now, and how we can quickly play them for a huge gain.
Click here now to tune in to the latest episode of the Profit Strategies Podcast.
Until next time,