I’m not one for market timing. But I am all for looking at the facts of your specific holdings and acting accordingly.
And if you own any of the following stocks, the right action in May should be to sell — regardless of broader market conditions.
AT&T
Telecom giant AT&T's fine print showed that profits and revenues were both down on a Generally Accepted Accounting Principles basis. Worse, the company said it won’t provide consolidated revenue guidance for the full year “because of the unpredictability of wireless handset sales” — not an encouraging sign for those of us who actually care about real numbers, but there is no growth here and no growth premium should be demanded.
Heck, after a measly penny bump to the dividend in January, you have to ask what you’re really owning AT&T for … just a dividend? If so, I’d suggest you trade up to one of the dozens of other stocks yielding 4% or better and avoid this lumbering telecom soap opera