BNL - Buy These 7-8% Yields In May And Go Away
2024-05-21 08:10:00 ET
Summary
- The "Sell in May and Go Away" trading pattern is unlikely to happen this month as the Dow surpasses 40,000 and the S&P 500 reaches all-time highs.
- As such, I believe the following 2 picks are good candidates for those seeking to 'Buy In May' and go away for a few months, perhaps on vacation.
- Both offer high yields that are well-supported by earnings, have strong balance sheets, and have the potential for capital appreciation.
Like many value investors, I was hoping for another market selloff in May as part of the Wall Street adage “Sell in May and Go Away.” This seasonal behavior phenomenon has manifested more often than not and can be attributed to common beliefs that there will be lower trading volume during the summer months compared to the rest of the year, with traders returning to buy stocks in the fall months....
Buy These 7-8% Yields In May And Go Away