People says “Sell in may and go away” in stock market. Is that true in 2023? Market has been going sideways for a long time now and it is ready to choose direction. The more sideway it has gone through, the more explosive it will become after mode switch. I believe the mode switch is around the corner. So, don’t go away in May, something big is going to happen. To prepare ourselves for this massive mode switch, we complied this top 5 stocks to buy in May and June 2023.
#1: AXON, Axon Enterprise, Inc.
AXON has been so strong this entire year with a steady uptrend. Recently it has some pull back to its support level which gives us another great opportunity to get in. Based on data from tipranks.com, it has target as high as $300 in next 12 months.
#2: AMZN
AMZN hasn’t been doing great this year and it is forming a sloid base. It gives us higher possibility of going higher to $192 in next 12 months. Based on current price $135.94, that is 42% gains.
#3: SNOW, Snowflake Inc.
SNOW is in the same boat as AMZN and it is forming a solid base recently with steady uptrend as well. It has target of $244 and that is quite some gain from current price.
#4: O: Realty Income Corporation
O is very similar as AMZN and SNOW, it looks very likely that it is going to break up the down trendline and moving upwards. Soon we believe it will challenge previous major high wihc is around $70.
#5: DIS Walt Disney
DIS has 21 buys and 0 sell, that is a quite strong rating. With next 12 months target as $147, that might need some time to get there, but glad current pull back gives us some great entry points.
Overall, our list focus on stocks that are technically forming a good buying entry point with lower risk. We don’t chase stock that makes all time high because if you are late in the game, soon you will find out you are buying at the exact high. Instead we want to buy low and sell high.
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