(US) Santa Rally Stocks to Watch
What’s A Santa Rally? It represents when the S&P 500 index tends to increase over the final 5 trading days of December and the first 2 trading days of January.
Why A Santa Rally? Usually due to general optimism around the holidays, people investing holiday bonuses and an increased influence from investors.
How Many Times Has a Santa Rally Occurred? About 59 times since 1950, according to the Stock Trader’s Almanac.
Jingle your portfolio bells, traders! Santa's got the hottest stock list this side of the North Pole!
According to Yahoo!Finance, these stocks are poised to benefit from the Santa Rally! Click HERE!
1.Colgate-Palmolive (CL): A reliable brand, Colgate is set to leave a lasting impact, especially after festive meals.
2.Kroger (KR): Poised for increased sales, Kroger offers affordable necessities at competitive prices especially for holiday shopping needs. Analysts rate KR a moderate buy with a USD52.75 price target, projecting over 20% upside.
3.Coca-Cola (KO): A staple at festive gatherings, Coca-Cola deserves a spot in your investment portfolio due to its sustained popularity. PLUS, Coca-Cola offers a forward yield of 3.15%.
4.IBM (IBM): Tech gets a holiday twist! IBM stands out with its diverse specialties, including AI, machine learning, cybersecurity, and blockchain. It also delivers a forward yield of 4.28%.
5.Intel (INTC): Intel's stocks are on the rise, showcasing positive year-to-date performance. In the last month, it’s up 11.25%.
6.Crocs (CROX): Picture stomping through the crowds with your favorite pair, adding a comfortable stride to your portfolio. It’s also up in the last month but at 20.50%.
Also, our Research Team suggested retail-related stocks like Nike Inc (NYSE:NKE) and Costco Wholesale Corporation (NASDAQ:COST) as they are poised to benefit from potential interest rate reductions in the future!
Add these stocks to your portfolio and let the holiday magic unfold! 🎄🎁
