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Stock Market Outlook for November 1, 2019


S&P 500 Index has averaged a gain of 1.2% in November with 68% of periods showing positive results over the past 50 years.

 

Real Time Economic Calendar provided by Investing.com.

 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.   As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

Stocks Entering Period of Seasonal Strength Today:

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Boyd Gaming Corp. (NYSE:BYD) Seasonal Chart

Boyd Gaming Corp. (NYSE:BYD) Seasonal Chart

Beacon Roofing Supply Inc. (NASD:BECN) Seasonal Chart

Beacon Roofing Supply Inc. (NASD:BECN) Seasonal Chart

Briggs & Stratton Corp. (NYSE:BGG) Seasonal Chart

Briggs & Stratton Corp. (NYSE:BGG) Seasonal Chart

American Equity Investment Life Holding Company (NYSE:AEL) Seasonal Chart

American Equity Investment Life Holding Company (NYSE:AEL) Seasonal Chart

Eastern Platinum Ltd. (TSE:ELR.TO) Seasonal Chart

Eastern Platinum Ltd. (TSE:ELR.TO) Seasonal Chart

ArcelorMittal SA (NYSE:MT) Seasonal Chart

ArcelorMittal SA (NYSE:MT) Seasonal Chart

Waddell & Reed Financial Inc. (NYSE:WDR) Seasonal Chart

Waddell & Reed Financial Inc. (NYSE:WDR) Seasonal Chart

Winnebago Industries Inc. (NYSE:WGO) Seasonal Chart

Winnebago Industries Inc. (NYSE:WGO) Seasonal Chart

Eaton Corp. (NYSE:ETN) Seasonal Chart

Eaton Corp. (NYSE:ETN) Seasonal Chart

ProAssurance Corp. (NYSE:PRA) Seasonal Chart

ProAssurance Corp. (NYSE:PRA) Seasonal Chart

iRobot Corp. (NASD:IRBT) Seasonal Chart

iRobot Corp. (NASD:IRBT) Seasonal Chart

Pizza Pizza Royalty Corp. (TSE:PZA.TO) Seasonal Chart

Pizza Pizza Royalty Corp. (TSE:PZA.TO) Seasonal Chart

Flexsteel Industries, Inc. (NASD:FLXS) Seasonal Chart

Flexsteel Industries, Inc. (NASD:FLXS) Seasonal Chart

Cargojet Inc. (TSE:CJT.TO) Seasonal Chart

Cargojet Inc. (TSE:CJT.TO) Seasonal Chart

Morneau Shepell Inc. (TSE:MSI.TO) Seasonal Chart

Morneau Shepell Inc. (TSE:MSI.TO) Seasonal Chart

WSP Global Inc. (TSE:WSP.TO) Seasonal Chart

WSP Global Inc. (TSE:WSP.TO) Seasonal Chart

Ritchie Bros. Auctioneers Inc. (TSE:RBA.TO) Seasonal Chart

Ritchie Bros. Auctioneers Inc. (TSE:RBA.TO) Seasonal Chart

Owens Corning Inc. (NYSE:OC) Seasonal Chart

Owens Corning Inc. (NYSE:OC) Seasonal Chart

 

 

The Markets

Stocks sold off to close the final day of October as investors reacted to a weak report on manufacturing conditions in Chicago and doubts pertaining to a comprehensive trade deal between the US and China.  The S&P 500 Index shed three-tenths of one percent, continuing to maintain support at the open gap that was charted on Monday around the previous all-time high of 3028.  Areas most sensitive to the trade skirmish sold off the most, including the materials and industrial sectors, which fell by over one percent on the day.  Utility stocks were one of the few segments to finish the day higher as bond yields declined.

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For the month of October, the S&P 500 Index failed to show the volatility that is typical to start the last quarter of the year.  The large-cap benchmark added 2.04% in October, beating the historical average that calls for a 0.9% return during the autumn month.  The benchmark remains supported by its rising 20-month moving average; investors have been reluctant to allow the index to drift too far from this level of safety that has supported prices during bouts of volatility since the year began.  The 20-month moving average currently sits at 2810.

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As for seasonal tendencies in the month ahead, November is the first full month of the best six months for stocks. The S&P 500 Index has gained 1.2%, on average, in this second to last month of the year with 68% of periods over the past 50 years showing gains. Returns in this month have ranged from a loss of 11.4% in November of 1973 to a gain of 10.2% in November of 1980.  To receive insight on how to position your portfolio for the month ahead, subscribe to our service and we’ll send you our monthly outlook for November.

S&P 500 Index Seasonal Chart

Sentiment on Thursday, as gauged by the put-call ratio, ended bearish at 1.16.

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Seasonal charts of companies reporting earnings today:

Alibaba Group Holding Limited Seasonal Chart Exxon Mobil Corporation Seasonal Chart Chevron Corporation Seasonal Chart Novo Nordisk A/S Seasonal Chart AbbVie Inc. Seasonal Chart Dominion Energy, Inc. Seasonal Chart Colgate-Palmolive Company Seasonal Chart TC Energy Corporation Seasonal Chart American International Group, Inc. Seasonal Chart Sempra Energy Seasonal Chart LyondellBasell Industries NV Seasonal Chart Imperial Oil Limited Seasonal Chart Pembina Pipeline Corp. Seasonal Chart Fortis Inc. Seasonal Chart Cheniere Energy, Inc. Seasonal Chart W.P. Carey Inc. Seasonal Chart Seagate Technology PLC Seasonal Chart Cboe Global Markets, Inc. Seasonal Chart Booz Allen Hamilton Holding Corporation Seasonal Chart Credit Acceptance Corporation Seasonal Chart Newell Brands Inc. Seasonal Chart Hill-Rom Holdings Inc Seasonal Chart Dr. Reddy's Laboratories Ltd Seasonal Chart Haemonetics Corporation Seasonal Chart ITT Inc. Seasonal Chart Portland General Electric Company Seasonal Chart Hawaiian Electric Industries, Inc. Seasonal Chart PNM Resources, Inc. (Holding Co.) Seasonal Chart RBC Bearings Incorporated Seasonal Chart Cameco Corporation Seasonal Chart HMS Holdings Corp Seasonal Chart Mednax, Inc Seasonal Chart Installed Building Products, Inc. Seasonal Chart Magellan Health, Inc. Seasonal Chart Arbor Realty Trust Seasonal Chart American Axle & Manufacturing Holdings, Inc. Seasonal Chart Berkshire Hathaway Inc. Seasonal Chart Baytex Energy Corp Seasonal Chart Ruth's Hospitality Group, Inc. Seasonal Chart New Senior Investment Group Inc. Seasonal Chart Intersect ENT, Inc. Seasonal Chart City Office REIT, Inc. Seasonal Chart BBX Capital Corporation Seasonal Chart ImmunoGen, Inc. Seasonal Chart AMAG Pharmaceuticals, Inc. Seasonal Chart Briggs & Stratton Corporation Seasonal Chart Moneygram International, Inc. Seasonal Chart Twin Disc, Incorporated Seasonal Chart Aethlon Medical, Inc. Seasonal Chart U.S. Auto Parts Network, Inc. Seasonal Chart O2Micro International Limited Seasonal Chart Hudson Global, Inc. Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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