• Shares of Yelp (YELP) have been surging 9% in reaction to its earnings report. Yelp impressed investors even though it lost 8-cents a share; consensus was for minus 6-cents. Key here were better-than-expected revenues. They rose 68% from a year ago. Yelp is also improving its outlook for the year citing success with display ads on mobile phones-- something it seems to have in common with Facebook. Shares are now up more than 35% since the start of the year.

    Next is Energizer (ENR), the parent company of Schick razors and related products. The stock has been trading lower despite beating estimates with its earnings, posting $1.35 a share on $1.1 billion in revenue. The problem here: the company claims its sales are hurting because rival Proctor and Gamble (PG) has been bombarding customers with promotions on its Gilette products. By the Church and Dwight (CHD), the maker of Arm and Hammer says PG has been pulling similar stunts in the laundry aisle. But Church and Dwight is out with

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  • Sell in May and Go Away! Is it good advice or not? Yahoo! Finance's "Hot Stock Minute" host Lauren Lyster talks with Yahoo! Finance Senior Columnist Mike Santoli who just wrote an article on the concept. The two also talk about the Federal reserve Bank's latest guidance on the future of its bond buying efforts at quantitative easing as well as the European Central Bank's decision to cut interest rates.

  • Stocks ended the day 1% lower across the board pressured by the Fed, weak economic data, and some earnings misses. The Federal Reserve announced it will stay the course with its $85 billion monthly asset purchase program. In the latest FOMC statement released this afternoon, the Fed stressed that it is flexible and willing to reduce or increase the pace of asset purchases as economic conditions warrant.

    Meanwhile, the ADP Payroll report for April showed just 119,000 new private sector jobs for the month. Estimates were for about 155,000 new jobs. A separate report on growth in manufacturing from the Institute of Supply Management showed activity slowing in March and falling below estimates. A third report from the Commerce Department showed construction spending down 1.7% in March, when predictions were for a gain of 0.7%.

    Merck (MRK) shares fell nearly 3% following what appears to be the pattern for the quarter with its earnings report. The pharmaceutical giant beat on earnings though

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  • What Stocks to Sell – and Buy – in May

    By Michael Santoli | Michael Santoli – 22 hours ago

    It’s the most familiar couplet ever uttered on Wall Street and, by this point of the year, the most overused: “Sell in May and go away.”

    The reason this has become such a clichéd pearl of purported wisdom is that there’s a grain of truth within. That, and it’s catchier than, “Historically, most stock-market appreciation has occurred from November through April, and while it doesn’t work every year, and May through October is not down on average since 1928, its average gain is weak and those months have featured a greater incidence of nasty declines.”

    Of course, the fact that the simplistic sell-in-May approach has worked pretty well the past three years – and that the Standard & Poor’s 500 index rose six straight months by more than 13% since Oct. 31 to a new high – has only heightened awareness of it.

    The month of May alone in the past three years has brought S&P 500 losses between 1.9% and 7.9%, and in each case ushered in a stretch of choppier market action and further declines into

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