5 Fall Stocks to Watch
In previous years, fall has been known to be kind to investors. As many companies report their third-quarter earnings during this period, there can be opportunities for some nice gains. Lots of seasonal businesses also see a nice boost in consumer activity during these few months.
So, what should you be on the lookout for this year?
5 stocks to fall in love with this autumn
Costco Wholesale (COST)
YTD performance: +116.24 USD (+25.64%)
Source: Google
Costco is a “cash-and-carry” membership-only warehouse club that offers a wide variety of products at discounted prices. The company has a strong track record of profitability and growth, and its stock price has even outperformed the S&P 500 in recent years.
Costco typically performs well in the fall months, as US customers stock up on items for the back-to-school season and the upcoming holidays.
Another bonus for Costco is the autumn weather. Shorter days and colder weather tends to push consumers inside, reaching for their wallets.
Apple (AAPL)
YTD performance: +49.84 USD (+39.85%)
Source: Google
Apple typically releases new products in the fall, like the iPhone 15 that launched just a few weeks ago.
These autumn announcements are often followed by big sales and, therefore, a nice boost in its stock price. The company also benefits from strong demand for its products during the holiday season.
…Christmas is only 77 days away.
Starbucks (SBUX)
YTD performance: -8.46 USD (-8.39%)
Source: Google
Starbucks is the world-renowned coffee company and largest coffee producer in the world. Starbucks typically performs well in the fall months, as consumers flock to their coffeehouses to buy beverages that help them stay warm.
And yes, before you ask, the company also benefits from increased demand for its pumpkin spice latte, which is a popular seasonal drink. The company reportedly sells a whopping 20 million of them each year.
Amazon (AMZN)
YTD performance: +40.14 USD (+46.77%)
Source: Google
Amazon needs no introduction. The e-commerce platform always does well at this time of the year, as consumers begin shopping for the holiday season.
Amazon Prime Day is coming up this week and bargains are always good for business. And of course, Black Friday, Cyber Monday, Thanksgiving and Christmas!
Home Depot (HD)
YTD performance: -24.21 USD (-7.66%)
Source: Google
Home Depot is a home improvement retailer that sells a wide variety of tools, materials, and appliances.
The company has been known to cash in during the run up to the end of the year, as homeowners prepare their homes for the winter.
Like many names on this list, Home Depo also benefits from increased demand for its products during the holiday season, as people look to buy gifts for their loved ones.
Have you fallen for any of these?
Are you trading any of these this season? Tweet us your faves at @_contentworks.
Top fundamental events this week
Here’s what’s coming up this week. We hope you’re not busy on Thursday.
Monday
No major events are planned.
Tuesday
● AUD — Westpac Consumer Confidence Change; NAB Business Confidence
Wednesday
● USD — PPI MoM; FOMC Minutes
Thursday
● GBP — GDP MoM; Manufacturing Production YoY; Manufacturing Production MoM
● USD — Core Inflation Rate MoM; Inflation Rate MoM; Core Inflation Rate YoY; Inflation Rate YoY
Friday
● CNY — Chinese Balance of Trade
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The Contentworks team
