25 Stocks That Shine in September

Southwest Airline stocks tends to rally in September

by Andrea Kramer

Published on Aug 29, 2019 at 1:04 PM

It's been a rough August for U.S. stocks, with the S&P 500 Index (SPX) set to close the month with a loss of more than 2%. However, ahead of the long holiday weekend -- which presents trading opportunities of its own -- we decided to hunt for stocks that could shine in September, if history is any indicator. Among the equities that tend to perform well is Southwest Airlines Co (NYSE:LUV).

Below are the 25 best stocks to own in September, looking back 10 years, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. LUV shares have ended the month higher 80% of the time, averaging a healthy one-month gain of 6.45% -- among the best on the list.

best september stocks

Since bouncing off familiar support in the $47.50-$48.50 area earlier this month, Southwest Airlines stock has rebounded roughly 8.6%. What's more, the equity is set to close atop its 200-day moving average for the first time since late July, last seen 1.9% higher at $52.12. Another 6.45% jump from current levels would put LUV around $55.48 heading into October -- near the security's July 25 post-earnings high.

LUV stock chart aug 29

LUV shares could also find some help from the options crowd. The equity's Schaeffer's put/call open interest ratio (SOIR) of 1.34 indicates that near-term put open interest exceeds call open interest. Further, this ratio sits higher than two-thirds of all other readings from the past year, suggesting short-term traders are more put-heavy than usual right now. Should LUV continue its trend of positive Septembers, an unwinding of pessimism among options traders could keep the wind at the stock's back.


a schaeffer's exclusive

PLAY TRENDS LIKE A PRO!

5 tips to leverage profits in this FREE insider report!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The IRS Loopholes Retirees Need to Know
Click to continue to advertiser's site.
Another Week of Fresh Highs Amid U.S.-China Trade Developments, Earnings
Developments on a trade deal between the U.S. and China were closely followed this week
Call Traders Blast These 2 Surging Stocks
Both stocks are enjoying record weeks
The IRS Loopholes Retirees Need to Know
Click to continue to advertiser's site.