On October 10th, we noted that Black October was in the works, and even though we had a big rally last week, the average stock in the S&P 500 was down 20.88% for the month. In fact, just 28 stocks in the index were up on the month.
Below we highlight the 25 best and worst performing stocks in the S&P 500 in October. As shown, Wachovia (WB) was up the most at 83.14%. Unfortunately, it is still down 83.15% on the year! WB was followed by National City (NCC), First Horizon (FHN), Huntington Bancshares (HBAN), and Apollo Group (APOL). Stocks that were up during the month that are also up for the year include SWN, FDO, GAS, AZO, HCBK, UST, CELG and AMGN.
On the downside, Hartford Financial Services (HIG) was the biggest loser, declining 74.82% in October. Not far behind were General Growth Properties (GGP) at -72.58% and Prologis (PLD) at -66%. Other notables on the list of big losers for the month include CVH, F, X, AA, S, and WFMI.
Fortunately, October is now over and November is a new month. To receive in-depth analysis on how to play the market for the rest of the year, subscribe to Bespoke Premium today.
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