Analysts believe that now is the best moment to buy seasonal stocks for short- and long-term gains. When developing their investing strategy, savvy investors usually consider the short-term seasonal effects. The economy is gradually resuming normalcy, and people are gearing up for the holiday season. In 36 of 37 developed financial markets around the world, the ‘Halloween Indicator’ holds true. It’s a market-timing approach that seeks to forecast the rest of the year’s performance. The American Economic Association published the study, which is based on empirical facts. Since 1957, the S&P 500 has averaged a 1.3 percent return over the summer months. From May to October, the index delivered a positive average return 66 percent of the time. This is because stocks that are dependent on summer vacations tend to perform better. Thanks to online shopping and contactless payment alternatives, holiday retail sales increased 8.3% in 2020 over the previous year. Mattel, 1-800-FLOWERS.COM, The Home Depot, and Royal Caribbean Group are among the stocks that benefit the most during the holiday season.
Insider Monkey analyzes the list of the 15 best seasonal stocks to buy now. FLOWERS.COM, Inc. is ranked fifteenth. Due to Valentine’s Day in February 2021, the company’s e-commerce sales increased by over 60%. Mattel, Inc. is ranked 14th among the top seasonal stocks to purchase right now on our list. The company’s robust revenues are bolstered by the holiday season when toy demand skyrockets. Mattel has a $928.9 million investment in 25 hedge funds tracked by Insider Monkey. Lennox International Inc. reported an EPS of $4.57, which was $0.16 more than the estimate. The corporation brought in $1.23 billion in revenue, up 30.7 percent from the previous year. Nutrien Ltd is the world’s largest potash producer and third-largest nitrogen fertilizer producer. The company’s products are primarily used to boost soil yield during the monsoon season. With approximately 17.3 million shares worth $1.04 billion, First Eagle Investment Management is the company’s largest stakeholder. Columbia Sportswear Manufacturer is a sportswear, outerwear, and footwear company based in the United States. The company manufactures and sells holiday-themed products, such as headgear, ski clothes, camping equipment, and outwear accessories. For more details, click 15 Best Seasonal Stocks To Buy Now.
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