It's much too soon to pronounce the adage "sell in May and Go Away" wrong this year. But this common wisdom is looking like a myth, so far, again.
Investors will especially be shaking their heads if they sold any one of 13 stocks in the Standard & Poor's 500 that have blasted higher by 25% or more since May 1. These adage-smashing stocks include sports apparel maker Under Armour (UA), burrito king Chipotle Mexican (CMG) and dollar store Family Dollar (FDO).
The whole "Sell in May" credo has lost "credibility" with investors the past two years, according to Sam Stovall, analyst at S&P Capital IQ in a note to clients. Last year, the S&P rose 10% between April 30 through October 31. And this year since May 1, the S&P 500 is up 5.5%. So far, 350 stocks in the S&P 500 are up since May 1.