BOSTON (TheStreet) -- This year's cruel summer in stocks may get worse if history serves as a guide.
The S&P 500 has recorded an average decline of 0.4% in September over the past 40 years, the worst month for the benchmark index, according to Capital IQ. The Dow Jones Industrial Average tends to fall 1.1% dating back to its beginning in 1896, says Dow Jones Indexes. That compares to an average gain of about 0.7% for all other months combined.
10. Nike (NKE) Company Profile: Nike is the largest seller of athletic footwear and athletic apparel in the world. Average Return Since 2001: 6.6% Best September Performance: +17.3% in 2009 Worst September Performance: -6.1% in 2001 Analysts Ratings: Nike still has significant upside potential, based on analysts' price targets. The average target price of $99.61 is about 14% above current price levels. Seventeen investment research firms, from FBR Capital to Stifel Nicolaus, rate the stock a "buy." The five other analysts covering the firm say investors should hold onto the stock.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV