Should You Buy Stocks in September? Here's What History Says.
September isn't known to be one of the best months for stock performance. Over the past century, the S 500 index has, on average, slipped during this month, a phenomenon known as the "September Effect." The past four years continued this trend, with losses between 4% and 9% for the index. So far this year, we're following that path, with the S 500 heading for a September decline of more than 3% -- and we're still in the early part of the month.
This September's drop has been broad-based as companies such as retailer Dollar General, tech giant Super Micro Computer, and biotech company were among the 10 worst performers -- with double-digit losses -- in the S 500 so far. All three of these companies climbed in the earlier months of the year, and Supermicro even soared 188% in the first half. Now, as this September's performance unfolds you may be wondering if you should buy stocks this month or stay away. Here's what history says.
Image source: Getty Images.
Source Fool.com
Moderna Inc. Stock
With 24 Buy predictions and 3 Sell predictions Moderna Inc. is one of the favorites of our community.
Based on the current price of 61.65 € the target price of 125 € shows a potential of 102.76% for Moderna Inc. which would more than double the current price.
