With summer just around the corner, many investors are busy planning trips and vacations.
For some investors, however, summertime is the best time to search for new stocks to buy and for underperforming stocks to cull. That is because there are stocks that gain more than others during this time due to seasonality.
Here are three stocks that have consistently outperformed the market each and every summer for the past few years.
1. Keurig Green Mountain, Inc. (NASDAQ:GMCR)
Keurig is a personal beverage company. It makes money from selling specialty coffeemakers, coffee, teas and related beverages. It markets its products mainly to the United States and Canada. Keurig stock has been a good summer performer. Keurig shares rose more than 20 percent in the fourth quarter of 2015 after the company beat its earnings estimates.
2. Apple, Inc. (NASDAQ:AAPL)
Known for its premium computers, iPhones, and iPads. Apple stocks are among the most watched during the summer season. In fact, Apple stock has consistently posted an average gain of nearly 20% over the past five summers leading to 2014. This year, Apple is set for another blockbuster summer following the release of its surprisingly popular iPhone SE. It is also expected to unveil newer versions of the company’s MacBook, watch and smartphone lineup.
3. Visa Inc. (NASDAQ:V)
Summers are synonymous with vacations and trips. That means consumer spending goes up during this time of the year. And what do consumers use to spend? Their Visa cards. So it makes perfect sense for Visa’s stock to gain in the summer. Visa’s stock has been a consistent winner during summer months, averaging a return of roughly 6% for its owners.