2 Semiconductor Stocks Known to Outperform in May

Core Insights - The stock market adage "sell in May and go away" is highlighted, with a focus on identifying stocks that typically perform well during this month [1] - Applied Materials Inc (AMAT) and Broadcom Inc (AVGO) are noted as strong performers in May, having finished higher in nine of the last ten years with average gains of 6.3% and 7.2% respectively [2] Company Performance - AMAT has an average return of 7.37% and a median return of 6.29% in May, with a 90% positive return rate over the past decade [3] - AVGO has an average return of 7.65% and a median return of 7.23% in May, also with a 90% positive return rate over the past decade [3] - AMAT is currently trading near breakeven at $150.77, having experienced a 21.9$123.95 [3] - AVGO has seen a 3.8% increase in May, trading at $199.81, marking its highest level since March, and boasts a 61% year-over-year gain [4] Options Trading Sentiment - AMAT's 50-day put/call volume ratio of 1.96 indicates a strong appetite for bullish bets, ranking higher than 97% of readings from the past year [5] - AVGO's 10-day put/call volume ratio is the highest among all annual readings, suggesting a potential unwinding of pessimism that could benefit the stock in the near term [6]