4 Stocks to Ride Positive November Seasonality With Above-Average Returns

investing.com:

November has an unmistakable allure for the Wall Street. Since 1950, it has consistently been one of the best months of the year for the S&P 500, a distinction unchallenged since 2011.

Notably, it ranks as the second-best month since 2001. The month typically commences on a strong note, marked by gains in the initial five days, before settling into a steadier rhythm leading up to Thanksgiving day.

In this article, we spotlight stocks that have demonstrated a remarkable trend over the past five Novembers by consistently outperforming the S&P 500. They tend to achieve an impressive average growth rate of over +10%, compared to the index's +4.1%.

It's vital to acknowledge that past performance is no guarantee of future results. To explore these stocks further, we turn to the InvestingPro tool.

Advanced Micro Devices (NASDAQ:AMD) was founded in 1969 and is headquartered in Santa Clara, California.

It is an American semiconductor company that develops computer processors and technology products. It started out producing integrated circuits and then entered the RAM business.

The October 31 accounts were good, beating expectations for actual revenue and earnings per share (EPS). Looking ahead to 2024, revenue is expected to increase by +16.8% and EPS by +42.4%.

Source: InvestingPro

Its shares are up an average of +23.3% in the last 5 months of November.

It has 45 ratings, of which 31 are buy, 14 are hold and none are sell.

In the last year, its shares are up +77%. The market gives it a potential at $130.11.

Source: InvestingPro

Applied Materials Inc (NASDAQ:AMAT) supplies equipment, services and software for chip manufacturing. It was incorporated in 1967 and is headquartered in Santa Clara, California.

It pays a dividend on