Why "Sell in May" Could Be Wrong This Year

Major indexes could hit fresh record highs

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OPENING VIEW     5/01/2019
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Stock Futures Surge on Impressive Apple Earnings By Emma Duncan Share On Dow Jones Industrial Average (DJI) futures are moving higher this morning, as investors applaud quarterly results from tech giant Apple (AAPL). The FAANG stock is pointed 5% higher in pre-market trading. In addition, Wall Street is cheering a bigger-than-expected increase in private payrolls, per the latest ADP data. With the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) also headed higher, today's trading may bring another round of fresh record highs for the major indexes. Looking ahead, traders are anticipating the results of the two-day Federal Open Market Committee (FOMC) meeting -- where no rate hike is currently expected -- as well as a subsequent press conference by Fed Chair Jerome Powell, set for 2:30 p.m. ET. Continue reading for more on today's market, including:  "Sell in May" could be the wrong strategy this year, says Schaeffer’s Senior Quantitative Analyst Rocky White. Why Altaba stock looks good for options bulls. RBC thinks this Apple supplier can rally 23%. Plus, Yum! Brands' earnings win; Humana gets a boost; and TWLO gets showered in bull notes. >> Continue reading...
LATEST HEADLINES
>> Sell in May Strategy Could Be Wrong Approach This Year Historical data says the adage will be way off in 2019 >> The Trillion-Dollar "Socially Responsible Investment" Right now, the most explosive profit opportunity is concentrated in one segment of the legalized pot industry, and this extraordinary pot stock is getting ready to blow up. >> The Pot Stock Unicorn This unicorn pot stock has seen impressive triple-digit growth already in 2019. >> Stocks Snag Fourth Straight Monthly Win Alphabet weighed heavy on the tech sector today >> Play This Video Game Stock Next Month The equity has the highest average returns of any stock for the month of May ADVERTISEMENT Former Lehman Brothers executive reveals one of Wall Street's best kept secrets The Wall Street Journal reports that this innovation "blows open the doors to investing..." Forbes says that "this changes everything..." And if you click here now, we'll share the details behind this investing breakthrough »
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