Stocks have been having a rough go of it lately, but if history is any indication there could soon be some relief for investors. November has traditionally been a very strong month for the stock market. The S & P 500 and the Dow Jones Industrial Average have each added 1.7% in November on average, dating back to 1950, according to data from the “Stock Trader’s Almanac.” The Nasdaq Composite, on the other hand, has gained an average of nearly 2% in November since 1971.
The stock has been positive over the last three months, indicating that it’s holding up well right now and has not collapsed in this latest market correction. The average analyst surveyed by LSEG has a consensus potential upside of 23% on T-Mobile . Shares of the cell phone carrier are up 3.6% since the beginning of the year, recently rallying on the back of third-quarter earnings that came in above analysts’ expectations. Energy company Marathon Oil was also included in the list.
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