At least for the momentum stocks, "Sell in May" is working so far. You can't tell by just looking at the major averages but the market is at best in the process of rotating from tweets to eats. At worst we could be starting to head toward the first official correction since the summer of 2011.
So as the risk/reward becomes less favorable where can one move some money and earn more than the 0.3% that a 6-month CD is paying?
How about Safeway (NYSE:SWY)? The company is in the midst of being acquired by private equity firm Cerberus Capital Management so it is an arbitrage play. Cerberus plans to merge Safeway with its subsidiary supermarket chain Albertsons....
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