History Says September Is the Worst Month for Stocks. Here’s 1 Stock With a Major Catalyst This Month to Buy and Hold
Key PointsApple may finally enter the foldable smartphone market.
Historically, equity markets have underperformed in September compared to other months, a trend known as the September effect. However, this phenomenon may not hold true this year, but it is not a critical concern for investors with a long-term perspective. There are numerous stocks that could outperform the broader market over time, regardless of September's performance. One such stock is Apple (NASDAQ:AAPL).
In September, Tim Cook, Apple's long-time CEO, stepped down from his position and transitioned into the role of executive chairman. The new CEO is John Ternus, who previously served as the vice president of hardware engineering. Cook's departure has raised concerns among investors who were accustomed to his leadership, which propelled Apple to surpass broader equity indexes.
Despite the transition, Apple remains a company with a robust business model, promising prospects, and a significant potential catalyst on the horizon.
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