Schaeffer's introduced a list of 25 securities that traditionally have struggled during the first week of trading in the new year. The firm's Senior Quantitative Analyst Rocky White compiled data from the past eight years of returns to create the list.
Here they are:
South Carolina utility provider Scana Corp. (SCG) has declined 0.86% during the first week of trading. The stock is up 1.9% today but has fallen more than 47% year to date.
Staffing company Robert Half International Inc. (RHI) - Get Report has dropped 0.14% in the first week of trading. The company was up 0.34% in trading Wednesday and has risen more than 20% year to date.
DowDuPont Inc. , formerly Dow Chemical, has declined 2.36% on average in the first week of the new year. The stock was down 0.12% today and it has risen more than 22% year to date.
Market engineering simulation software maker ANSYS Inc. (ANSS) - Get Report has fallen 0.79% traditionally in the first week of trading. The stock is up 0.38% today and has risen nearly 60% year to date.
And that's how Schaeffer's sees it as the new year is upon us.
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