Looking to the seasons for stock buying inspiration might seem counterintuitive. However, when you look at the data over previous years, it’s clear that there are some stocks that typically do very well over the summer period.
Most analysts would consider the stock market’s summer to run from the end of May, up until the beginning of September. This means pinning the period between Memorial Day and Labor Day.
If you’re looking for strong stocks to consider, the following have historically been some of the best performers.
Apple (NASDAQ: AAPL)
In the last ten years, Apple has only seen summer percentage declines in 2015 and 2010. Looking outside of those years, performance has been particularly strong. Last year, Apple’s share price increased 21.4% during the summer period. Ten years ago, in 2009, shares increased a massive 37.3%. The period before the holidays is typically a time when major company buzz starts, with leaks of new products and business strategies.
Apple has started early this year, announcing new services like a streaming TV platform and an exclusive credit card. 2019 could see another summer of impressive growth.
Apple has gained 12.99% in the year so far.
Monster Beverage (NASDAQ: MNST)
Monster Beverage receives extensive media coverage throughout the summer, thanks to its sponsorship of high profile sports events and teams. Monster’s sponsorship of the NASCAR Cup Series helps to keep it at the forefront of both consumer and investor mindshare.
This company has only seen summer stock declines in 2009 and 2012. Aside from these years, it has always managed positive movement. Last year, stock price increased 22.7% in the summer period.
Monster has gained 26.51% year to date. The company announced a strong earnings beat earlier this month, setting it up for continued growth.
Amazon.com (NASDAQ: AMZN)
In the last decade, Amazon has managed either neutral or positive stock growth during the summer period. In 2018, stock price grew 25.6% between Memorial Day and Labor Day.
Amazon has remained one of the most popular growth stocks since 2009. Today, Amazon’s growth seems to be nearly unstoppable. Both revenue and gross income have grown consistently for the last five years. 2018 was the company’s best year yet, with $232.89 billion in revenue, a year over year increase of 30.93%.
Investors have been confident so far this year, with stock price increasing 22.27% since January 1. This summer could be another strong one for the world’s most valuable ecommerce company.
Strong Long-Term Stock Picks
Historical performance is never a guarantee of future success, but it can hint at what’s to come. As the market stands today, these stocks look likely to continue their growth trends over the summer.
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