It’s time to throw away the silly Wall Street saying, “Sell in May and go away.”
Yes, trading volume tends to dry up as the mercury rises. More people are on vacation, and there usually isn’t as much big corporate news in late spring and summer as there is in the fall.
That’s why some traders say it’s okay to sit things out until November, when consumer companies start prepping for the holidays. You won’t miss much in the summer. You may even avoid a nasty downturn.
September and October are famous for the 1929 crash, 1987’s Black Monday, the market plunge after 9/11 and the collapse of Lehman Brothers in 2008. But stocks have lately performed well between the fifth and tenth months of the year. If you sold in May and went away over the past few years, you missed out on some big rallies.
The S&P 500 rose nearly 6% from the beginning of last May through the end of October. The blue chip index was up 5% during May through October of 2016 as well.
Top 10 Blue Chip Stocks To Watch For 2018: ClearBridge Energy MLP Total Return Fund Inc.(CTR)
Advisors’ Opinion:
- [By Joseph Griffin]
Charles Taylor (LON:CTR) had its price objective upped by Liberum Capital from GBX 330 ($4.48) to GBX 385 ($5.22) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s target price would suggest a potential upside of 33.22% from the stock’s previous close.
- [By Joseph Griffin]
Charles Taylor (LON:CTR) had its price objective upped by Liberum Capital from GBX 330 ($4.48) to GBX 385 ($5.22) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s target price would suggest a potential upside of 33.22% from the stock’s previous close.
- [By Logan Wallace]
Charles Taylor (LON:CTR) had its price objective upped by Liberum Capital from GBX 330 ($4.48) to GBX 385 ($5.22) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s target price would suggest a potential upside of 33.22% from the stock’s previous close.
Top 10 Blue Chip Stocks To Watch For 2018: Transcananda Pipelines Ltd.(TRP)
Advisors’ Opinion:
- [By Paul Ausick]
In addition to the Trans Mountain system, two other pipeline projects currently are proposed to move crude oil from Alberta either to the Great Lakes or the Gulf Coast. Enbridge Inc. (NYSE: ENB) is proposing to replace its 50-year old Line 3 system to transport 760,000 barrels a day to Superior, Wisconsin. TransCanada Corp. (NYSE: TRP) has received approval from the Trump administration and would transport 830,000 barrels a day to Nebraska where existing pipelines will take over, sending the crude to U.S. refineries and Gulf Coast terminals.
- [By Matthew DiLallo]
TransCanada (NYSE:TRP) is a dividend lovers’ dream stock. The Canadian pipeline giant has increased its payout for 18 straight years, including 10.4% for 2018, and it now yields nearly 5%. There’s still plenty more growth coming down the pipeline given its forecast that the company can increase the payout at an 8% to 10% annual rate through at least 2021. That outlook is among the best in its peer group.
- [By Dustin Parrett]
TransCanada Corp. (NYSE: TRP) just achieved a perfect Money Morning stock VQScore, making it a profit powder keg waiting to ignite…
TransCanada is a Canadian oil and gas pipeline company, most famous for its development of the Keystone XL pipeline connecting Canadian oil fields to major hubs in the United States.
- [By Matthew DiLallo]
TransCanada’s (NYSE:TRP) expansion efforts continued paying dividends during the first quarter as earnings and cash flow kept growing. As a result, the Canadian pipeline giant remains on track to achieve its dividend growth targets. CEO Russ Girling affirmed that view on the quarterly conference call, where he detailed the company’s progress on its strategic plan.
- [By Matthew DiLallo]
Enbridge just bought its stake in the German offshore wind farm projectslast year, initially agreeing to invest about $1.25 billion for a 50% stake. However, with concerns growing about its balance sheet and ability to finance growth projects, the company has chosen to monetize part of this asset. It’s also monetizing its onshore renewable facilities in Canada and two in the U.S. to bring in some much-needed cash. This decision to cash in on a portion of its renewable portfolio follows a similar plan by fellow Canadian pipeline giant TransCanada (NYSE:TRP), which sold its solar assets in Ontario last year. The driving factor in that decision was TransCanada’s desire to improve its financial flexibility so that it could “continue to build on our vision of being North America’s leading energy infrastructure company,” said CEO Russ Girling. What’s clear from these deals is that neither TransCanada nor Enbridge sees renewables playing a key role in building the companies they envision themselves being.
- [By Matthew DiLallo]
Most investors have probably heard of energy giants Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B), Dominion Energy (NYSE:D), and TransCanada (NYSE:TRP). Fewer, however, are likely familiar with their publicly traded master limited partnerships (MLPs): Shell Midstream Partners (NYSE:SHLX), Dominion Energy Midstream Partners (NYSE:DM), and TC Pipelines (NYSE:TCP). That might be a good thing, as the market has beaten up the latter trio this year, sending their valuations south.
Top 10 Blue Chip Stocks To Watch For 2018: Transglobe Energy Corp(TGA)
Advisors’ Opinion:
- [By Max Byerly]
Atlas Energy Group (OTCMKTS: ATLS) and Transglobe Energy (NASDAQ:TGA) are both small-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, profitability, valuation, risk, dividends and earnings.
Top 10 Blue Chip Stocks To Watch For 2018: Western Asset Municipal High Income Fund, Inc.(MHF)
Advisors’ Opinion:
- [By Max Byerly]
Vivaldi Capital Management LLC increased its stake in Western Asset Municipal (NYSE:MHF) by 64.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,185 shares of the financial services provider’s stock after purchasing an additional 12,646 shares during the quarter. Vivaldi Capital Management LLC owned about 0.15% of Western Asset Municipal worth $231,000 at the end of the most recent quarter.
Top 10 Blue Chip Stocks To Watch For 2018: Sunoco LP(SUN)
Advisors’ Opinion:
- [By Matthew DiLallo]
The only segment where earnings declined was the catch-all one labeled “all other,” which houses different investments such as its stake in Sunoco L.P. (NYSE:SUN) and PES, a refining joint venture. PES has struggled due to higher costs, and recently declared bankruptcy. Meanwhile, Energy Transfer’s earnings from Sunoco L.P. declined because that entity sold the bulk of its retail assets and then used that cash to repurchase a portion of Energy Transfer’s investment.
- [By Joseph Griffin]
Sunoco (NYSE:SUN) released its quarterly earnings results on Wednesday. The oil and gas company reported ($3.74) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($4.31), Briefing.com reports. Sunoco had a return on equity of 17.06% and a net margin of 1.27%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the business posted ($0.22) EPS. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year.
- [By Matthew DiLallo]
However, he did rule out the possibility that the company would also roll up its other MLP Sunoco LP (NYSE:SUN). He said that “we’re very pleased with what we’re seeing at SUN as far as the growth that they will be directing that MLP into. And as you know, SUN is younger in the IDR life.” Because of that “for the reasonable future, we don’t see that being rolled up.”
Top 10 Blue Chip Stocks To Watch For 2018: Banco Santander, S.A.(SAN)
Advisors’ Opinion:
- [By Dan Caplinger]
Several institutions have invested in Ripple Labs, the company behind Ripple. Among them were CME Group and Banco Santander (NYSE:SAN) in the financial world, along with memory storage giant Seagate Technology (NASDAQ:STX). Each of these players stands to gain if Ripple Labs does well in promoting the use of Ripple, and so their shares could benefit indirectly from Ripple’s success.
- [By Paul Ausick]
Banco Santander SA (NYSE: SAN) dropped about 3.2% Wednesday to post a new 52-week low of $6.27. Shares closed at $6.48 on Tuesday and the stock’s 52-week high is $7.57. Volume of around 7.6 million shares was about 10% above the daily average. The company had no specific news.
- [By Shane Hupp]
COPYRIGHT VIOLATION WARNING: “Jefferies Group Analysts Give Sanofi (SAN) a €72.00 Price Target” was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at www.tickerreport.com/banking-finance/3353529/jefferies-group-analysts-give-sanofi-san-a-72-00-price-target.html.
- [By Shane Hupp]
JPMorgan Chase set a €72.00 ($85.71) price target on Sanofi (EPA:SAN) in a research note published on Thursday. The firm currently has a neutral rating on the stock.
Top 10 Blue Chip Stocks To Watch For 2018: LivePerson Inc.(LPSN)
Advisors’ Opinion:
- [By Joseph Griffin]
LivePerson (NASDAQ:LPSN) released its quarterly earnings results on Thursday. The technology company reported $0.01 EPS for the quarter, Bloomberg Earnings reports. LivePerson had a negative return on equity of 2.93% and a negative net margin of 6.95%. The company had revenue of $58.24 million for the quarter, compared to analysts’ expectations of $57.22 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. LivePerson updated its Q2 guidance to $0.00-0.01 EPS and its FY18 guidance to $0.11-0.15 EPS.
- [By Rick Munarriz]
Double-digit growth is back at LivePerson (NASDAQ:LPSN). The provider of high-tech customer support reported fresh financials after Thursday’s market close, delivering its best period of year-over-year revenue growth in nearly three years.
- [By Shane Hupp]
LivePerson (NASDAQ:LPSN) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.11-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of $239-243 million, compared to the consensus revenue estimate of $239.45 million.LivePerson also updated its Q2 guidance to $0.00-0.01 EPS.
- [By Timothy Green]
Shares of LivePerson Inc. (NASDAQ:LPSN) jumped on Friday following the cloud-based chat software company’s first-quarter report. LivePerson beat out analyst estimates across the board, registering its best revenue growth in years. The stock was up about 9.6% at 3:45 p.m. EDT Friday.
Top 10 Blue Chip Stocks To Watch For 2018: Aegion Corp(AEGN)
Advisors’ Opinion:
- [By Stephan Byrd]
Aegion (NASDAQ:AEGN) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Aegion (AEGN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Blue Chip Stocks To Watch For 2018: LyondellBasell Industries NV(LYB)
Advisors’ Opinion:
- [By Joseph Griffin]
ARGI Investment Services LLC lessened its holdings in shares of LyondellBasell (NYSE:LYB) by 56.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,199 shares of the specialty chemicals company’s stock after selling 14,368 shares during the period. ARGI Investment Services LLC’s holdings in LyondellBasell were worth $1,184,000 as of its most recent SEC filing.
- [By Stephan Byrd]
LyondellBasell (NYSE:LYB) has been assigned an average recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $109.07.
- [By Benzinga News Desk]
U.S. 10-year Treasury yields will move in a 3 percent to 3.5 percent range for the rest of the year as the Federal Reserve continues raising interest rates, said Robert Mead, co-head of Asia-Pacific at Pacific Investment Management Co: Link $
ECONOMIC DATA
US MBA mortgage applications w.e. 11 May -2.7% vs -0.4% prior
US Housing Starts (MoM) for Apr -3.70% vs -0.70% Est; Prior 1.90%. US Building Permits (MoM) for Apr -1.80% vs -2.30% Est; Prior 4.40%
Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 8:30 a.m. ET.
Data on industrial production for April will be released at 9:15 a.m. ET.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S.is schedule for release at 10:30 a.m. ET.
St. Louis Fed President James Bullard will speak at 6:30 p.m. ET.
ANALYST RATINGS
Jefferies upgraded Lyondell Basell (NYSE: LYB) from Hold to Buy
Susquehanna upgraded AMD (NASDAQ: AMD) from Negative to Neutral
Jefferies downgraded 3M (NYSE: MMM) from Buy to Hold
KeyBanc downgraded Vipshop (NYSE: VIPS) from Overweight to Sector WeightThis is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
Top 10 Blue Chip Stocks To Watch For 2018: Monolithic Power Systems, Inc.(MPWR)
Advisors’ Opinion:
- [By Shane Hupp]
Get a free copy of the Zacks research report on Monolithic Power Systems (MPWR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
