Semiconductor giants AMAT and AVGO historically perform well in May

From Yahoo Finance: 2025-05-01 14:25:00

As May begins, investors consider the “sell in May and go away” adage after a slow start to 2025. Schaeffer’s Senior Quantitative Analyst Rocky White identifies opportunities for those seeking to boost their portfolios, with semiconductor giants Applied Materials Inc (AMAT) and Broadcom Inc (AVGO) standing out as top S&P 500 stocks for May.

AMAT and AVGO have historically performed well in May, with both stocks closing higher nine times in the past decade and averaging gains of 6.3% and 7.2%, respectively. AMAT is currently trading near breakeven at $150.77, while AVGO has already begun its May climb, reaching $199.81 on the back of positive earnings from Meta Platforms (META) and Microsoft (MSFT).

Options traders show mixed sentiments towards AMAT and AVGO. AMAT’s put/call volume ratio ranks high, indicating bullish sentiment, while AVGO’s ratio suggests more uncertainty. A shift in sentiment could impact Broadcom stock positively in the coming weeks.

Read more: 2 Semiconductor Stocks Known to Outperform in May