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

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.

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