One of our popular reports in the Bespoke Premium service is our weekly Stock Seasonality report. This report, which is sent out each Monday, looks at the historical performance of the S&P 500, the ten sectors, as well as and each of the index's 500 components over the upcoming two week period over the last ten years. For a sample of the report, please click here.
Along the same lines of our weekly Stock Seasonality report, with the new month kicking off tomorrow, the table below lists 20 stocks in the S&P 500 that have consistently traded up during the month of October. In order to make the list, each stock has to have averaged a gain of more than 3% during the month of October and also must have seen positive returns at least 80% of the time. October has historically been an up and down month for equities, but despite all the volatility, these stocks have a demonstrated track record of finishing the month in positive territory.
Topping this month's list are shares of Google (GOOGL), which have averaged a gain of 14.5% during the month with positive returns 80% of the time. In addition to GOOGL, there are four other stocks from the Technology sector listed (AAPL, MA, ADBE, and ORCL).
While a quarter of the stocks listed are from the Technology sector, the sector with the most representation is Financials with nearly half of the stocks (9) on the list. The two top performing stocks listed are NASDAQ OMX (NDAQ) and Intercontinental Exchange (ICE), which have averaged gains of 8.4% and 7.8%, respectively. Typically, increases in volatility are accompanied by a pick up in volumes, so the fact that two exchanges are near the top of the list makes perfect sense.