NextWeeksTrends Update

October Earnings & Seasonal Trends Update

Author

John Kiritsis
October 21, 2024

Notes on October

Shark Tank Writing GIF

Now that we are in the second half of October, there are a few things we still need to be aware of.

Historically, October can be a volatile month in the markets. Many major crashes have occurred in October, so it’s important to be cautious. However, the last few days of October and the first few days of November often present great buying opportunities for long investments or trades to the upside.

Special Notes on October in an Election Year

Historically, in an election year, U.S. markets in October have declined by 5% or more 100% of the time. So far, we haven’t seen a significant pullback this month. It will be interesting to see if this trend continues.

If we don’t see a pullback before the election, we might expect one in November.

Bugs Bunny Money GIF by Looney Tunes

Symbol

Before Earnings

Average %

History

Earnings Date

V

20 Days

+1.08%

Up 13 out of 16 years

10-29-24

BKNG

20 Days

-2.00%

Down 5 out of 6 years

10-30-24

WYNN

11 Days

+6.43%

Up 17 out of 20 years

11-07-24

Symbol

Trend History

Start Date

End Date

Average %

NVDA

Up 9 out of 10 past years

10-08

11-05

+10.21%

MSTR

Up 9 out of 10 past years

10-10

11-07

+10.23%

DIS

Up 9 out of 10 past years

10-11

11-08

+5.53%

MMM

Up 9 out of 10 past years

10-11

11-08

+6.10%

BANR

Up 9 out of 10 past years

10-18

11-15

+6.77%

ARKO

Up 5 out of 5 past years

10-22

11-19

+13.57%

JBL

Up 9 out of 10 past years

10-25

11-22

+6.16%

GWW

Up 9 out of 10 past years

10-25

11-22

+8.52%

What did you think of today's newsletter?

Your feedback helps us create the best newsletter possible.

Login or Subscribe to participate in polls.

Disclaimer: The opinions expressed in this newsletter are those of NextWeeksTrends its editors and contributors, and may change without notice. The information in this newsletter may become outdated and we have no obligation to update it. The information in this newsletter is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. We strongly advise you to discuss your investment options with a financial adviser prior to making any investments, including whether any investment is suitable for your specific needs. NextWeeksTrends is owned by MerlinDigitalMedia LLC. and it is not a registered investment advisor and does not provide individual investment advice. This is a publication for the general public.