Don't Stay Away--Where To Invest For The Summer

Monday, 30 Apr 2007 | 3:30 PM ET

Sell in May and stay away? Not according to Clem Chambers, chief executive of ADVFN, or Jeffrey Hirsch, editor at Stock Traders Almanac. The two analysts agree: Be "a little more cautious" -- and "take advantage" of momentum shifts. They gave "Street Signs" viewers their picks for the best summertime investments.

Sell In May, Go Away?
A new take on the old axiom, "sell in May and go away?" with Jeffrey Hirsch Stock Traders Almanac editor; Clem Chambers, ADVFN CEO and CNBC's Erin Burnett

Chambers joked that Europe "gets slower and slower after Easter" and "France absolutely closes down in August." But he said this also creates an opportunity for investors to play the "good news in America" and "go short Europe and long the Dow."

The CEO told CNBC's Erin Burnett that he likes Apple "for short-term, high-risk"; in the medium term, he says J.P. Morgan "looks great"; and looking longer, Chambers said "you'd have to be crazy to not be in oil" -- and singled out Chevron.

  Price   Change %Change

Hirsch conceded that the summer months "seasonally and historically" see softer markets -- but doesn't think investors should "necessarily" sell. Instead, he advises them to look for a shift in momentum -- and recommends Internet, health and the "gold and silver" sectors to see investors through the summer.


  • Showtimes

    United States
    Monday - Friday 2:00P ET
    Monday - Friday 20:00 CET
    Tuesday - Saturday 02:00 SIN/HK
    Tuesday - Saturday 04:00 SYD
    New Zealand
    Tuesday - Saturday 06:00 NZ
  • Brian Sullivan is co-anchor of CNBC's "Street Signs."

  • Co-anchor of CNBC's "Street Signs," Amanda Drury is based at the network's global headquarters in Englewood Cliffs, N.J.