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I hate August, not because of the weather, but because Europe and Wall Street go on vacation, so many stocks are adrift on light trading volume. This seasonal weakness also tends to persist well into September. If I ran the stock market, I would close it every August. Since I like long-term capital gains, I am forced to stay invested in August. If I decide to sell, I only sell into strength. The last "flash crash" occurred in August 2015 and I will explain how some unfortunate investors got fleeced up to 35% in just one day! The bottom line is you have to wait to trade in August and I will show investors what I believe my most defensive stock that should be resilient in August.
Louis Navellier is one of Wall Street's renowned growth investment advisors. He is the founder and chairman of Navellier & Associates, a money management firm. Mr. Navellier specializes in behavioral finance and utilizes extensive quantitative and fundamental analysis to identify market-beating stocks. He is the editor of five investing newsletters which are published through InvestorPlace, which include Growth Investor and Breakthrough Stocks (Formerly known as MPT Review). Mr. Navellier has made his proven formula accessible to investors via his online stock rating tool, PortfolioGrader.com, and The Little Book That Makes You Rich.
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