Buy These 7-8% Yields In May And Go Away

May 21, 2024 8:10 AM ET, , , , , 7 Comments
Gen Alpha
Investing Group

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.
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8% percentage rate icon on a white background

Supertruper

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

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This article was written by

Gen Alpha
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I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of HTGC, BNL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

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