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5 Of The Hottest Stocks To Own During The Summer

5 Of The Hottest Stocks To Own During The Summer - Celgene Corporation NASDAQ:CELG, Ulta Salon, Cosmetics & Fragrance, Inc. NASDAQ:ULTA

The old Wall Street adage “sell in May and go away” didn’t simply come about because it rhymed. The summer months are typically weak for stocks.

Summer 2016 officially kicked off on Monday, and the S&P 500 came out of the gates up more than 1 percent to start the week. If you've been wondering what some of the hottest summertime stocks to own have been in recent years, here’s a look at some summer market scorchers.

Celgene Corporation (NASDAQ: CELG)

In the past five summers, Celgene has averaged an 11.9 percent gain. So far this year, the stock has taken a 16.6 percent hit, so it could be poised for a turnaround.

Ulta Salon, Cosmetics, & Fragrance, Inc. (NASDAQ: ULTA)

With the stock up 320 percent in the past five years, Ulta has been a top performer no matter what season it is. Summer is no exception: Ulta has averaged a 12.8 percent summertime gain in the past five years.

L Brands Inc (NYSE: LB)

Apparel names have been some of the hottest stocks in the market in recent years. L Brands, for example, has averaged a 13.0 percent gain during the past five summers.

Under Armour Inc (NYSE: UA)

Speaking of retailers that thrive in the summer sun, Under Armour has averaged a 15.8 percent gain during the past five summers. Like Ulta, Under Armour has spent the majority of the past five years outperforming, but the stock is down 5.5 percent so far in 2016.

Regeneron Pharmaceuticals Inc (NASDAQ: REGN)

Regeneron has been one of the most solid summer performers of all in the past five years. In addition to producing an average summertime gain of 23.7 percent, the stock has also delivered gains in each of the past five summers. That includes the summer of 2015, when the S& 500 dropped by more than 10 percent.

Disclosure: the author holds no position in the stocks mentioned.

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.