September Effect: 2 Memory Stocks to Buy on a Potential Market Dip
Micron and Sandisk look like two memory stocks to buy, given the current market dynamics.
Overview
September is historically the worst month for stocks, and midterm election years tend to amplify the effect, pushing down equity prices in both September and October. In fact, according to analysis by Cantor Fitzgerald, the S&P 500 has sunk by 5% or more in midterm election years during the September-October period in 15 of the past 24 midterm election cycles.
With the strong possibility of a market pullback, let's look at two memory stocks to buy on a potential dip.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.