News Formal

Why Amazon Stock Can Beat the Market and Notch Its Best Monthly Streak in 20 Years

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Amazon just clinched its longest monthly winning streak since 2011. With September a historically good month for the stock, a new milestone is in sight.

Amazon stock beat the wider market in August and history suggests it can do so again in September. If Amazon has another positive month, it will mark its longest monthly winning streak in 20 years. And Wall Street is bullish.

Investors are now bracing for a brutal September, with this month historically being the worst of the year for the stock market. The S&P 500 has on average lost 1.1% in the month of September, declining in this month for the last three years straight. Amazon has, on average, returned 6.6% in the month of September, with its best performance in that month on record being an eye-popping gain of 86% in 1997, the first year it was listed on the stock market. A total of 58% of Septembers have been positive for the stock.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Shopify stock pops after company strikes 'Buy with Prime' deal with AmazonThe agreement serves as a detente between the two companies after Shopify initially urged merchants not to use Buy with Prime, citing security risks.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Amazon.com Inc. stock rises Thursday, outperforms marketShares of Amazon.com Inc. rallied 2.18% to $138.01 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »