14 Top Performing Stocks to Buy in April 2024

By:

Cory Mitchell

Cory was a Market Analyst for Invezz and has been a professional trader since 2005. Over the years he has contributed to some of the best... read more.

Updated: Jul 5, 2024

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Seasonality is the study of how assets perform at certain times of the year. Below we’ve put together a list of the best stocks that show a strong tendency to rise in April, historically.

What are the top stocks that perform well in April?

Our analysts have selected the best stocks that usually perform well in April. You can find the list in the table below. Keep scrolling to understand why these stocks have made it to the top in our analysis.

1. Weatherford Internation (WFT)

• Price has rallied 24 out of 27 years, or 89%.
• Average April gain is 12%.
• In the rising months (24) the average gain has been: 14.33%.
• In declining months (3) the average loss is -6.65%.
• Biggest gain is 50.23%, and biggest drop is -10.01%.

2. Southwestern Energy (SWN)

• Price has rallied 24 out of 27 years, or 89%.
• Average April gain is 10.53%. This is a bit deceiving, as the median return is 3.71%. The average is skewed upwards by a few very big years.
• In the rising months (24) the average gain has been: 12.21%.
• In declining months (4) the average loss is -2.92%.
• Biggest gain is 66.42%, and biggest drop is -5.24%.

3. ONEOK Inc (OKE)

• Price has rallied 23 out of 27 years, or 85%.
• Average April gain is 5.78%.
• In the rising months (23) the average gain has been: 7.83%.
• In declining months (4) the average loss is -6%.
• Biggest gain is 23.12%, and biggest drop is -11.06%.

4. Illinois Tool Works (ITW)

• Price has rallied 22 out of 27 years, or 84%.
• Average April gain is 5.2%.
• In the rising months (22) the average gain has been: 6.94%.
• In declining months (5) the average loss is -2.46%.
• Biggest gain is 24.42%, and biggest drop is -6.37%.

5. Haliburton Company (HAL)

• Price has rallied 22 out of 27 years, or 81%.
• Average April gain is 5.92%.
• In the rising months (22) the average gain has been 8.28%.
• In declining months (5) the average loss is -4.47%.
• Biggest gain is 30.68%, and biggest drop is -10.27%.

6. EQT Corporation (EQT)

• Price has rallied 22 out of 27 years, or 81%.
• Average April gain is 4.08%.
• In the rising months (22) the average gain has been 5.86%.
• In declining months (5) the average loss is -3.73%.
• Biggest gain is 15.95%, and biggest drop is -7.19%.

7. Cabot Oil and Gas Corporation (COG)

• Price has rallied 22 out of 27 years, or 81%.
• Average April gain is 6.25%.
• In the rising months (22) the average gain has been: 9.35%.
• In declining months (5) the average loss is -7.36%.
• Biggest gain is 28.1%, and biggest drop is -19.84%.

8. Avon Products (AVP)

• Price has rallied 22 out of 27 years, or 81%.
• Average April gain is 6.54%.
• In the rising months (22) the average gain has been: 9.17%.
• In declining months (5) the average loss is -5.04%.
• Biggest gain is 41.92%, and biggest drop is -10.59%.

9. The Timken Company (TKR)

• Price has rallied 21 out of 27 years, or 78%.
• Average April gain is 7.21%.
• In the rising months (21) the average gain has been: 11.6%.
• In declining months (6) the average loss is -8.15%.
• Biggest gain is 37.28% and biggest drop is -14.14%.

10. Schlumberger NV (SLB)

• Price has rallied 21 out of 27 years, or 78%.
• Average April gain is 5.9%.
• In the rising months (21) the average gain has been: 8.88%.
• In declining months (6) the average loss is -4.5%.
• Biggest gain is 20.6% and biggest drop is -8.32%.

11. PPG Industries (PPG)

• Price has rallied 21 out of 27 years, or 78%.
• Average April gain is 4.92%.
• In the rising months (21) the average gain has been: 7.11%.
• In declining months (6) the average loss is -2.74%.
• Biggest gain is 26.73%, and biggest drop is -5.56%.

12. Hexcel Corporation (HXL)

• Price has rallied 21 out of 27 years, or 78%.
• Average April gain is 11.26%. This is a bit deceiving, as the median return is 7.47%. The average is skewed upwards by a few very big years.
• In the rising months (21) the average gain has been: 15.88%.
• In declining months (6) the average loss is -4.92%.
• Biggest gain is 70.01% and biggest drop is -14.32%.

13. Ford Motor Company (F)

• Price has rallied 21 out of 27 years, or 78%.
• Average April gain is 10.69%. This is a bit deceiving, as the median return is 4.25%. The average is skewed upwards by a few very big years.
• In the rising months (21) the average gain has been: 16.06%.
• In declining months (6) the average loss is -8.1%.
• Biggest gain is 127.77% and biggest drop is -18.75%.

14. Energen Corporation (EGN)

• Price has rallied 21 out of 27 years, or 78%.
• Average April gain is 4.57%.
• In the rising months (21) the average gain has been: 7.27%.
• In declining months (6) the average loss is -4.88%.
• Biggest gain is 23.98% and biggest drop is -8.82%.

Where to buy the best-performing stocks for April?

If you want to buy stocks that tend to perform well around April, you’ll first need to sign up with a broker. In the table below you can find a list of platforms selected by our panel of experts. Based on our analysis, these are the best places to buy shares in the above companies.

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What is the typical seasonal performance of stocks in April?

Stocks as a whole, as gauged by S&P 500 index, tend to do well in April. Looking at the April seasonality stocks collectively in the last 20 years, the index has moved higher 75% of the time (number on top of April column), and the average return is 1.8% (number at bottom of April column).

Final Word on the Strong April Seasonality Stocks

This is the raw data. What you do with it is up to you. All traders are encouraged to do their own research and apply their own strategies if utilizing these statistics.

Each stock has a different risk profile. While the ‘average gain’ statistic is a key metric, it doesn’t tell the whole story. Making 7% may seem attractive but when looking at the volatility it may be more than you are willing to handle. Therefore, look at the all the data when deciding what to trade. Apply other technical and fundamental metrics to help zero-in on exact entry and exit points. Seasonality is not covered in my stock trading course, because it is a not a requirement for successful trading. That said, it is an additional tool you can use.

Losing trades WILL happen. Don’t risk more than 1% of your trading account on a trade (risk = difference between entry price and stop loss price, multiplied by the number of shares). There is always a risk in trading, and you can lose much more than you expect (even when you think you are only risking 1%).

Disclaimer: This article should not be viewed as investment advice, and is not a recommendation for you to buy or sell. Past performance is not necessarily indicative of future performance.

Methodology: How we choose the best April stocks

At Invezz, our mission is to empower our readers with the most accurate and reliable financial information. Our curated selection of the best stocks in specific industries is designed to provide investors with well-researched, expertly reviewed stock recommendations. Our team follows a rigorous process to ensure our readers receive high-quality, trustworthy stock selections.

• Initial screening. Our team of experienced stock market analysts conducts an initial screening of stocks within the chosen industry. This involves analyzing a broad range of companies based on key financial metrics such as revenue growth, profitability, debt levels, and market capitalization.
• Earnings reports and financial analysis. Analysts review the latest earnings reports of shortlisted companies. This includes a detailed assessment of financial statements, looking for consistent earnings growth, strong balance sheets, and positive cash flow trends. Special attention is given to year-over-year performance and quarterly results.
• Sector analysis. A comprehensive sector analysis is conducted to understand the macroeconomic factors affecting the industry. This includes examining market trends, competitive landscape, regulatory changes, and technological advancements. Our analysts utilize industry reports, market research, and economic forecasts to gain a holistic view of the sector.
• Analyst recommendations. We consider recommendations from reputable sources such as Barron’s and Zacks. These sources provide expert opinions and ratings on stocks, which serve as an additional layer of validation for our selections. Incorporating external analyst recommendations ensures that our curated stocks are backed by a consensus of expert views.
• Internal review. After the initial selection by our analysts, the chosen stocks are reviewed by a sub-editor. The sub-editor ensures that the analysis is clear, concise, and adheres to Invezz’s editorial guidelines. This review process helps maintain the quality and readability of our content, making it accessible to a broad audience.
• Quarterly updates. To ensure our stock recommendations remain relevant and up-to-date, we update the curated section quarterly. Each update cycle involves re-evaluating the stocks based on the latest financial reports, industry developments, and market conditions. This regular update process ensures that our recommendations reflect the most current information available.

Our approach combines expert analysis, comprehensive research, and regular updates to deliver reliable and insightful investment recommendations. Read more about our review process and editorial policy.