Large-cap growth, led by Semiconductors, did much of the heavy lifting, but what stood out most is what happened beneath the surface.
Software posted its strongest month since 2001. Solar stocks caught fire. High Beta stocks began outperforming again. And some of the market's most heavily shorted names set off massive short squeezes.
That's not defensive behavior. That's risk appetite at its finest.
Capital is moving further out on the risk curve, participation is broadening, and leadership is spreading into the most offensive groups.
The message from May was clear: this bull market is firing on more cylinders than it was a month ago. Bullish evidence continues to stack up.
Here’s a look at the Top Stocks for May:
This scan gives us a clean, no-nonsense read on the strongest and most consistent outperformers of the month.
We’re tracking just two things: how often a stock outperformed, and by how much.
In other words, we want to know how frequently a stock beats the market — as well as the magnitude of its outperformance. Simple as that.
