Summer is here, and that means warm weather, long days, short nights, and, very often, a bit of a stock market rally. So far, this one has been mostly in technology, but with most companies riding high on strong earnings, there’s every reason to think it could widen to incorporate the rest of the market. Lower taxes and share repurchases are likely to keep the stock market performing well for the next few months, which, if you’re planning on pulling all your money out of the stock market this summer, is all that really matters.
What if you are planning on staying invested? Interesting question, though the answer isn’t as happy. Not every company is going to be able to continue to show rising revenue or earnings after a few more months, and many will have a long way to fall when it becomes clear that they were essentially riding on juked numbers. That makes it a stock pickers market, so without further ado, let’s get on with the stock picking.
Remember to treat these ideas as just that, ideas, and do your own research before making any investment decision.