There is an adage in investing that says ‘sell in May and go away’. While this trading theory has its flaws, the idea behind it is that stocks have historically underperformed during the six months from May to October, compared to November to April. However, it seems as though this may have started early this year, as European and American equities ended April in the red. The EURO STOXX 50 and the S&P 500 posted losses of 2.55% and 8.80%, respectively.
Newcomers on the map
In April, three companies made their debut on our map, being traded the most for the first time. Since they are new, here’s a brief introduction of each:
Infineon is a German semiconductor company. It designs, develops, manufactures and markets semiconductors for all kinds of applications from electric vehicle charging stations to coffee machines. At the end of the 2021 fiscal year (ending 30 September), Infineon reported a revenue of over €11 billion.
Just Eat Takeaway.com
Just Eat Takeaway.com is a food delivery service company headquartered in Amsterdam. The company was created in 2020 after Takeaway.com and Just Eat merged. It offers its services in 23 countries in North America, Australia and Europe. The company operates through several brands in its many markets, such as Just Eat (UK), Thuisbezorgd (NL), Takeaway.com (DE) and Grubhub (US). Today, it offers food delivery to customers from over 580,000 restaurants.
Advanced Micro Devices
Advanced Micro Devices (AMD) is a semiconductor company based in California. The company provides central processing units (CPUs), graphic processing units (GPUs), chipsets and similar computing products for a variety of products, such as desktops, notebooks and commercial applications. While Infineon is also a semiconductor company, AMD’s main competitors are Intel and NVIDIA.
None of the companies on the map saw price increases during April and, therefore, there wasn’t a winner last month. The company that saw the biggest price drop was AMD, with a 21.79% decrease.
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Sources: Yahoo! Finance, Investopedia, Infineon, Just Eat Takeaway.com, AMD