November is typically the best month of the year for these 4 Dow stocks

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

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

October was a bleak month for the stock market, but history says that there could be relief in store for at least these four Dow Industrial companies.

Despite a bleak month in October for the stock market, there may be some good news in store for at least four stocks in the Dow Jones Industrial Average . All three major market indexes are in the red this month, with the Dow off by 1.5% since the end of September. But investors may find some relief heading into the year end, since historically November has been a strong month for stocks.

Pro looked at the average monthly performance for all the stocks that are now in the Dow, going back the past 20 years. Of the 30 stocks included in the average, four of them have historically posted their biggest gain of the year each November. For example, shares of Caterpillar have on average gained 5.1% in November, a stark contrast to their 17% selloff so far this month on the back of poor forward guidance.

's Christopher Hayes contributed to this report.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

After a miserable October, the setup for stocks in November is looking betterNovember is the 1 month for the S&P 500. It's up 1.7% on average since 1950, and December is the third best month, so the seasonal setup is strong.
Source: CNBC - 🏆 12. / 72 Read more »

Something for the bulls: November is typically the best month for the stock marketWall Street could be in store for a November uptick if seasonal data holds true.
Source: CNBC - 🏆 12. / 72 Read more »