Three Sectors That Will Shine in the Fourth Quarter
Investors should see strong gains in several sectors during the fourth quarter, including consumer stocks and information technology shares.
The fourth quarter is typically a strong one for stocks, and this year looks no different, says Sam Stovall, U.S equity strategist for S&P Capital IQ. Stocks perform best in the November through April time frame, rising about 7% during that period, compared to less than 2% from May through October, according to Stovall. Stovall says the best performing sectors in the fourth quarter typically are information technology, with an average gain of 6.6%, and consumer discretionary and staples, with an average gain of 6.3%. Stovall says while there may be uncertainty and stock market volatility ahead of the presidential election, he expects markets will performing strongly after that. TheStreet's Rhonda Schaffler has details from Wall Street.
