tsla

The Best Semiconductor Stock to Own in October

Plus 24 of October's other outperforming stocks

Deputy Editor
Oct 2, 2020 at 9:55 AM
facebook X logo linkedin


With the end of the year on the Horizon, and a September that saw all the major indexes log monthly losses for the first time since March, it's time to look ahead at the best stocks to own in October, historically. In a list compiled by Schaeffer's Senior Quantitative Analyst Rocky White, of the best 25 S&P 500 (SPX) stocks to own in October over the past 10 years, semiconductor processing equipment specialist Lam Research Corporation (NASDAQ:LRCX) stands out as one of the top performers.

Best of October

More specifically, looking back over the last decade, Lam Research stock boasts an average return of 8.7% in  October, with nine out of 10 returns positive. One thing that makes the equity even more intriguing is the fact that it's the only stock from the  "technology equipment and hardware" sector to appear on the list. 

At last check, LRCX was trading at $330.59, so a move higher of similar magnitude would nudge the stock closer toward its August 4 all-time high close of $384.96. Longer term, the equity boasts a year-over-year gain of 43.8%. And despite the shares' 30-day deficit of 8.3%, their 200-day moving average caught the pullback earlier in September.

The good news for options traders is that near-term Lam Research stock options can be had for a bargain at the moment. The security's Schaeffer's Volatility Index (SVI) stands up at 42% -- in the 21st percentile of its annual range. This indicates that now is an attractive time to jump aboard the equity with options.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.