Hot New Trade Ideas for July
Here in the U.S., we're taking time out today to celebrate Independence Day. We hope those of you who are joining us on holiday are able to relax and enjoy the rare mid-week break!
But we've still got our eye on what's shaping up to be one of the hottest months of the year... and we're not just talking about the mercury rising. With a major Fed meeting around the corner and second-quarter earnings season about to kick off, the stock market looks poised for some possible high-volatility moves in the weeks ahead.
To help jump-start your July trading, Schaeffer's Senior Quantitative Analyst Rocky White ran the numbers to find the best & worst S&P 500 stocks of the past decade -- not just for the month of July, but for the full third quarter.
Standout Stocks for This Month
No fewer than nine S&P stocks have managed to rack up 100% positive July returns during the past 10 years -- including retailer powerhouses Target (TGT) and Nordstrom (JWN), and energy names HollyFrontier (HFC) and Marathon Petroleum (MPC).
But some of the biggest average percentage gains of the month belong to the biotech sector. Over the last decade, the average July returns for Alexion Pharmaceuticals (ALXN), Celgene (CELG), and Regeneron Pharmaceuticals (REGN) have all exceeded 10%.
For more details, including the complete list of best July and 3Q stocks, read Best Stocks to Buy Before July.
Stocks Set to Wilt as Summer Heats Up
Did you know that healthcare stocks have been a pocket of particular S&P weakness in July over the last decade? The biggest loser of the crop is Humana (HUM), with its average drop of 3.00% for the month -- and only 40% positive returns!
Over the full third quarter, though, Campbell Soup (CPB) tends to lag the pack. The consumer staples stock averages a drop of 3.85% for the July-September period, and its median return is a steeper drop of 6.52%.
For the complete roster of S&P components that tend to skid in July -- including the chip stock with only 20% positive returns -- check out Worst Stocks for July and Beyond.
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