The Market's Most Feared Month Is Here. These 3 AI Stocks Have Survived It Before.
September may be a historically weak month for stocks, but strong, verifiable AI-related results can still overpower the seasonal headwind.
Overview
September has earned its reputation. It is the only month with a negative long-run average return, down about 1.2% since 1928, and it finishes positive just 44% of the time. Four of the past five Septembers fell by an average of 4.2%.
But averages hide what actually happens. September is also when several of the largest AI companies report earnings, and a strong print in a weak month tends to produce outsize moves. Three names have already proven that.
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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.