Top performing stocks in November 2023

November is a good month for stocks overall, and these stocks tend to do even better than the market, rising at least 77% of the time and producing as much as 7.7% gains on average.
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Updated: Dec 6, 2022
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Seasonality is the study of how assets perform at certain times of the year. The stocks below have shown a strong tendency to rise in November, historically. That doesn’t mean they will rally this November, though. Seasonality is best used in conjunction with other forms of analysis and specific trading strategies, such as swing trading. In this article, you will learn about some of the top-performing stocks that tend to go up in November.

What are the top stocks that perform well in November?

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You will find a list of the best-performing stocks in November based on an analysis run by our experts. These stocks have historically performed well during this month, or at least that’s what the data from 1997 to 2016 has revealed. Keep reading to discover some other insights and stats about these November seasonal stocks.

#Stock symbolCompany nameTrade now
1MCDMcDonald’s Corporation
Trade MCD

77% of retail CFD accounts lose money.

2VMCVulcan Materials Company
3MMM3M Company
Trade MMM

77% of retail CFD accounts lose money.

4AOSOA Smith Corporation
5ROKRockwell Automation Inc.
6PHParker-Hannifin Corporation
7SNASnap-On Corporation
8GPSThe Gap Inc.
9ETNEaton Corporation
10EMREmerson Electric Company
11HBHCHancock Holding Company
List chosen by our team of analysts, updated September 2023.

93% Rally Rate

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McDonald’s Corporation (MCD)

  • Price has rallied 25 out of 27 years, or 93%.MCD strong stocks in November
  • Average November gain, for all years, is 4.51%.
  • In the rising months (25) the average gain has been: 5.05%.
  • In declining months (2) the average loss is -2.26%.
  • Biggest gain is 11.7%, and biggest drop is -2.99%.

77% of retail CFD accounts lose money.

85% Rally Rate

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Vulcan Materials Company (VMC)

  • Price has rallied 23 out of 27 years, or 85%.VMC strong stocks in November
  • Average November gain, for all years, is 5.73%.
  • In the rising months (23) the average gain has been: 7.37%.
  • In declining months (4) the average loss is -3.71%.
  • Biggest gain is 15.04%, and biggest drop is -5.65%.

3M Company (MMM)

  • Price has rallied 23 out of 27 years, or 85%.MMM strong stocks in November
  • Average November gain, for all years, is 3.55%.
  • In the rising months (23) the average gain has been: 4.76%.
  • In declining months (4) the average loss is -3.39%.
  • Biggest gain is 15.8%, and biggest drop is -6.69%.

77% of retail CFD accounts lose money.

OA Smith Corporation (AOS)

  • Price has rallied 23 out of 27 years, or 85%.AOS strong stocks in November
  • Average November gain, for all years, is 6.77%.
  • In the rising months (23) the average gain has been: 9.06%.
  • In declining months (4) the average loss is -6.43%.
  • Biggest gain is 21.77%, and biggest drop is -9.17%.

81% Rally Rate

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Rockwell Automation Inc. (ROK)

  • Price has rallied 22 out of 27 years, or 81%.ROK strong stocks in November
  • Average November gain, for all years, is 7.71%.
  • In the rising months (22) the average gain has been: 9.99%.
  • In declining months (5) the average loss is -2.3%.
  • Biggest gain is 28.29%, and biggest drop is -4.38%.

Parker-Hannifin Corporation (PH)

  • Price has rallied 22 out of 27 years, or 81%.PH strong stocks in November
  • Average November gain, for all years, is 4.3%.
  • In the rising months (22) the average gain has been: 6.04%.
  • In declining months (5) the average loss is -3.36%.
  • Biggest gain is 14.89%, and biggest drop is -6.09%.

78% Rally Rate

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Snap-On Corporation (SNA)

  • Price has rallied 21 out of 27 years, or 78%.SNA strong stocks in November
  • Average November gain, for all years, is 3.59%.
  • In the rising months (21) the average gain has been: 5.28%.
  • In declining months (6) the average loss is -2.35%.
  • Biggest gain is 17.91%, and biggest drop is -3.83%.

The Gap Inc. (GPS)

  • Price has rallied 21 out of 27 years, or 78%.GPS strong stocks in November
  • Average November gain, for all years, is 7.28%.
  • In the rising months (21) the average gain has been: 10.8%.
  • In declining months (6) the average loss is -5.03%.
  • Biggest gain is 35.03%, and biggest drop is -10.94%.

Eaton Corporation (ETN)

  • Price has rallied 21 out of 27 years, or 78%.ETN strong stocks in November
  • Average November gain, for all years, is 4.04%.
  • In the rising months (21) the average gain has been: 6.41%.
  • In declining months (6) the average loss is -4.23%.
  • Biggest gain is 15.65%, and biggest drop is -8.54%.

Emerson Electric Company (EMR)

  • Price has rallied 21 out of 27 years, or 78%.EMR strong stocks in November
  • Average November gain, for all years, is 4.85%.
  • In the rising months (21) the average gain has been: 7.05%.
  • In declining months (6) the average loss is -2.85%.
  • Biggest gain is 12.44%, and biggest drop is -8.3%.

77% Rally Rate

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Hancock Holding Company (HBHC)

  • Price has rallied 20 out of 26 years, or 77%.HBHC strong stocks in November
  • Average November gain, for all years, is 4.54%.
  • In the rising months (20) the average gain has been: 6.98%.
  • In declining months (6) the average loss is -3.6%.
  • Biggest gain is 20.55%, and biggest drop is -9.2%.

Where to buy the best-performing stocks for November?

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You can start trading or buying these November seasonality stocks with the recommended platforms in the table below.

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What is the seasonal performance of stocks in November?

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Overall stocks, as gauged by S&P 500 index, tend to do well in November. Over the last 20 years, the index has moved higher 70% of the time (number on top of November column), and moved up by an average of 1.9% (number at bottom of November column).

stock seasonality for November based on SPX Performance
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Strong Seasonality Stocks for November

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The statistics below are based on the historic monthly opening and closing prices. Therefore, gains or losses within the month may be larger than those disclosed below. For example, a statistic may say the biggest rally on a monthly basis was 15%, but during the month the stock could have been up 20%, but dropped to only finish the month up 15% (intra-month losses could also be bigger). This is why it is also recommended traders combine these statistics with other strategies, which help control risk and lock in profits.

Buying at the open and close of the month is also somewhat arbitrary. There are more precise times to take trades. Focus on seasonal opportunities that align with strategies you are already using.

This is the raw data. How you interpret it, and what you opt to do with it, is up to you.

All stocks do at least 500K in average daily volume. All stocks with an average or median gains of less than 3% have been excluded.

Final Word on the Strong November Seasonality Stocks

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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 all the data when deciding what to trade. Also, 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%).



Sources & references
Risk disclaimer
Cory Mitchell
Market Analyst
Cory is a Chartered Market Technician (CMT) with more than 17 years of trading experience. He has written for multiple publications across the financial sector, and... read more.