If you have been waiting for the summer months to double your investments, here are some of the safe places to invest in. Read on!
Although the adage advises investors to "sell in May & go away," summer is still a good season to earn money. Plenty of markets and fields see increased activity and profitability throughout the warmer months. Let's check out some of the best beach-friendly investments that will keep your savings increasing while you relax.
Since gas costs are still relatively cheap, many individuals plan to take road trips this summer. Visitors will flock to Cedar Fair parks, among others. In May, June, and August of last year, shares of all three of these firms reached their 52-week highs. If this summer goes well for these establishments, their stock values might rise significantly.
Summer is peak travel season, and for many airlines, this is a year-round business. In addition, data indicate that the summer months are a good time to invest in airline stocks. Last summer, the Airlines Index increased by 5%; in 2014, it increased by 2%; and in 2013, it increased by 15%. Stocks are looking good now that the airline sector has weathered the storms of the previous several years and fuel prices are low.
People invest in outdoor exercise attire and footwear if they are actually going to use them. Under Armour stock increased by over 8% throughout the summer of last year, while Nike stock increased by 20%. The summer was also fruitful for other retailers of athletic apparel, such as Columbia, VF, et Foot Locker.
Over the past four years, the S&P 500 Food & Beverage Selective Industry Index has risen in three of those years. Take Coca-Cola as an example; between September and June of last year, the company enjoyed a 20% increase in share price. Monster Beverage's stock price rose by 24% throughout the summer of 2014, continuing a summer trend of annual rises.
It's a highly volatile part of the market, although it usually does well in the warmer months. From June to September 2014, the NASDAQ Biotech Index gained around 8%; from June to December 2013, it gained 25%; and from June to December 2012, it gained over 12%. Although the index did fall over the summer year 2015, this was only the third summertime reduction since 2005.
The technology stock market just does not take a summer vacation. The share price of Facebook increased by 11% in the summer of 2013 and by 15% in the summer of 2014. In the summer of 2015, Amazon stock rose by 24 percent. eBay, the online auction house, has also historically performed well over the summer, with its share price once exceeding the value of the S&P 500 index for five consecutive years.