Six best stocks to invest in for the summer “perfect position to thrive” | Personal finance | Finance
Despite the old adage “sell in May and go,” investing in the summer actually turned out to be a better time to invest than some might think. However, some companies naturally do better than others and, as you might expect, these are the ones that are more focused on summer activities and necessities.
Industries dealing with items such as solar panels, DIY and camping are among those seeing the biggest summer increases, according to financial experts at Invezz.
Explaining how hot weather can impact stock prices, Invezz experts said: “Hot weather can have a surprisingly large impact on consumer behavior and therefore also on investor decisions.
“Investors would be wise to keep an eye out for ‘summer stocks’ opportunities, which are in an ideal position to thrive during the consumer and tourism boom during the warmer months.
“The types of seasonal businesses and industries to watch include solar energy, outdoor entertainment and recreation stocks, food and beverage, and gardening and home improvement retailers.
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“These stocks are often a great short-term investment opportunity, but they are also capable of generating long-term gains.
“However, past performance is not necessarily indicative of future performance and consideration should also be given to the fact that the five-year sample includes anomalies such as COVID and historically high levels of money printing, which are unique to the world. usual environment.
To uncover the best companies to invest in right now, Invezz used six years of historical data to predict the most important stocks for the summer, especially those that have seen a greater increase in value during the warmer months. .
Top six summer-related stocks with the biggest gains from spring to summer
PoolCorp, the wholesale distributor of swimming pools, ranks third among the best companies according to Invezz.
The data shows that the company recorded average gains of 11.24% over the past six years during these months.
Energy drink maker Monster Beverage ranks fourth, according to Invezz, with average spring-to-summer earnings of 9.15% over the past six years.
Winnebago Industries, the American outdoor lifestyle manufacturer, ranks fifth on the list, with average gains over the past six years standing at 7.89%.
Home Depot, the multinational home improvement company, is currently the sixth best company to invest in over the summer, according to Invezz. Over the past six years, it has averaged gains of 6.93%.