While historical returns suggest that the market typically does well during October (with the exception of a few years), what does the month hold for individual stocks? Below we highlight the median percent change for each of the components in the DJIA during the month of October since the start of the current bull market (October 2002), as well as the percent of time each stock has been up. We then calculated price targets for each stock as well as the index based on the historical results.
As the table highlights, 25 of the stocks in the index have historically posted gains during the month while five have had declines. INTC and DIS have typically done best with double digit returns of 11.0% and 10.3% respectively. On the bottom of the list, we were surprised to see several stocks including PG, BA, and GM, which have recently been some of the index's best performers.
Comments