3 Stocks Bound to Ignore The September Effect
The September Effect can sink stocks, but likely not these three.
Overview
The September Effect is a well-known trend in the stock market. September is the only month in the year where the market averages a negative return (February is also technically negative, but it's nearly break-even). That's a noteworthy effect, and many investors choose to ignore the month of September for this reason.
However, October, November, and December have some of the best returns by month on average, so positioning your portfolio wisely in September to take advantage of a potential sell-off is prudent investing. Three stocks that I think are well worth buying now due to their potential to rise toward the end of the year are Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), and Micron (NASDAQ: MU).
Details
I'm a firm believer that these three will end the year on a high note, and they are great candidates to ignore the September Effect.
Source
Originally published at www.fool.com.