AOL Money & Finance

The consumer confidence con: Five consumer stocks to sell now

More

five consumer stocks to sell nowWhile consumer confidence might have soared in April, the move seems to be in response to a two-month surge in stocks versus any real strength on the home front.

The jobs market is still poor with stagnant or declining wages. Corporations are still in lay-off mode and oil prices are marching ever higher. In other words, there are still hurdles to overcome before the "all clear" can be given.

I don't mean to rain on the parade of recovery, but let's not get too far ahead of ourselves.

Stocks tied to the consumer have already left the station. Some are up double or triple from the lows set just two months ago.

Economic growth, on the other hand, is expected to be anemic, at best, well into 2010 suggesting that the stock gains of late have more to do with short covering than any lasting positive growth trends.

As such, now might be a good time to take some money off the table. In addition, the summer months are traditionally slow for stocks. I would have no problem selling any number of stocks, especially those with huge gains in such a short period of time.

Here are five consumer stocks to sell now. Click on each to learn more.

Consumer Stock #1: Pacific Sunwear (NASDAQ: PSUN)

Consumer Stock #2: Pier 1 Imports (NYSE: PIR)

Consumer Stock #3: Landry's Restaurants (NYSE: LNY)

Consumer Stock #4: AnnTaylor (NYSE: ANN)

Consumer Stock #5: Skechers USA (NYSE: SKX)

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 07:36 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    WalletPop Headlines