These stocks are proven winners in December
Now that December is just around the corner, here is a list of proven winners in the final month of the year. December is historically a strong month for stocks. It’s the third-best month of the year for the Dow Jones Industrial Average and S & P 500 since 1950, as well as the third-best for the Nasdaq Composite in data going back to 1971, according to the Stock Trader’s Almanac. Yet, even with that strong overall performance, some names have a track record of doing even better. The stocks below have the highest average gains for December going back 10 years. Broadcom is one name that surfaced on the list. The semiconductor company has already been on a tear this year, rallying more than 72% year to date. Yet, the historical performance suggests it could be a big winner in December as well, having averaged a more than 10% advance during the month. It’s also expected to rise 3.5% to its consensus price target. It’s also a consensus buy on the Street. Recently, Goldman Sachs lifted its price target on the stock, saying it is gaining momentum into its next earnings report. Estee Lauder also came up on the list. The beauty stock has averaged a gain of 4.6% in December, and has even greater upside potential of 10% to the average price target. However, just 32% of analysts have a buy rating on the stock. This month, Eli Lilly reached a $1 trillion market cap, becoming the first health care company in the world to do so. Yet, there could be even more gains in store next month. Eli Lilly has averaged a 4.3% advance in December. However, it’s also expected to fall 1.5% to its consensus price target.
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