Investors can depend on these frightless five stocks during a scary October for markets

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 72%

Breaking News: Investing Nachrichten

Wall Street,Business,Markets

CNBC PRO screened for historically stable stocks for a volatile October.

October is historically a very volatile month for the market. However, these stocks are relatively stable and can help investors ride out the wild swings. Since 1950, the S & P 500 has recorded an average daily move of 1.3%, higher or lower, for the month . Even when excluding the Black Monday crash of 1987, October remains the stormiest month for stocks. With this in mind, CNBC PRO screened for some safe-haven stocks that investors can look toward for some calm during the rocky times.

Meanwhile, their 3-year beta values have come in at 0.75 or lower, indicating they're less volatile. Year to date, NextEra Energy has rallied nearly 39%. Two-thirds of analysts covering the stock rate it a buy or a strong buy, according to LSEG. To be sure, the stock is already trading 0.3% above its consensus price target, meaning it could be due for a pullback soon. Analysts are also bullish on FirstEnergy, which has advanced around 20% in 2024. The consensus rating on the stock is a buy.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Walmart and Clorox are among the most overbought stocks on Wall Street. Here are some othersCNBC Pro used its stock screener tool to find the most overbought and oversold companies.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Cramer names four worthwhile stocks that were 'lost in the Nvidia shuffle'CNBC's Jim Cramer said AMD, Apple, Amazon and Salesforce also deserve attention from investors.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Cramer names four worthwhile stocks that were ‘lost in the Nvidia shuffle'CNBC’s Jim Cramer said AMD, Apple, Amazon and Salesforce also deserve attention from investors.
Herkunft: NBCNewYork - 🏆 270. / 63 Weiterlesen »