10 Top Performing Stocks for September 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

Listen

---

---

0:00 / 10:42

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who may pay to be displayed in certain positions on certain pages, or may compensate us for referring users to their services. While our reviews and assessments of each product are independent and unbiased, the order in which brands are presented and the placement of offers may be impacted and some of the links on this page may be affiliate links from which we earn a commission. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >

Trade your favourite markets with our top-rated broker, eToro.

4.6/5

51% of retail CFD accounts lose money. Your capital is at risk.

Visit site

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 September, historically. That doesn’t mean they will rally this September, though. Seasonality is best used in conjunction with other forms of technical analysis and trading strategies. In this article, you will find the best stocks that tend to perform well in September based on the data we’ve found for the last 20 years.

What are the top stocks that perform well in September?

Our analysts have selected the top stocks that tend to perform well and go up in September, based on data collected from 1997 to 2016. Find the top stocks to buy from highest to lowest gains in the table below.

1. Paychex (PAYX)

• Price has rallied 21 out of 27 years, or 78%.
• Average September gain, for all years, is 6.12%.
• In the rising months (21) the average gain has been: 9.68%.
• In declining months (6) the average loss is -6.34%.
• Biggest gain is 35.66%, and biggest drop is -15.01%.

Paychex provides small and medium businesses payroll, HR, and benefits outsourcing services. The company generates stable revenue and earnings. Paychex has increased its dividend for over ten consecutive years, making it a favourite stock for income investors. Paychex offers a defensive business model and consistent total returns in a volatile stock market. Its a steady growth stock and generates income for balanced portfolios.

2. EastGroup Properties Inc. (EGP)

• Price has rallied 19 out of 25 years, or 76%.
• Average September gain, for all years, is 3.46%.
• In the rising months (19) the average gain has been: 5.28%.
• In declining months (6) the average loss is -2.3%.
• Biggest gain is 13.6%, and biggest drop is -5.69%.

EastGroup Properties is a real estate investment trust (REIT) focused on industrial properties in the Sunbelt region. The company’s properties cater to e-commerce and logistics firms. EastGroup has delivered consistent funds from operations growth of approximately 6% annually. The REIT also offers a dividend yield above 2%. With rising tenant demand for industrial space, EastGroup Properties provides strong growth potential for long term investors.

3. Neogen Corporation (NEOG)

• Price has rallied 20 out of 27 years, or 74%.
• Average September gain, for all years, is 6.62%.
• In the rising months (20) the average gain has been: 11.92%.
• In declining months (7) the average loss is -8.51%.
• Biggest gain is 34.91%, and biggest drop is -20.95%.

Neogen distributes food and animal safety products such as tests for pathogens, allergens, and residues. The company has achieved steady revenue growth through new product introductions and acquisitions. However, Neogen faces challenges from supply chain disruptions and higher costs in the near term. But its essential products for food safety and sales growth position Neogen for upside over the next five years. The stock appears reasonably valued for investors wanting exposure to growth companies.

4. Thor Industries (THO)

• Price has rallied 20 out of 27 years, or 74%.
• Average September gain, for all years, is 5.98%.
• In the rising months (20) the average gain has been: 10%.
• In declining months (7) the average loss is -5.51%.
• Biggest gain is 43.10%, and biggest drop is -13.89%.

Thor Industries manufactures recreational vehicles and sells them through independent dealers. The company benefits from strong demand from consumers as more people embrace RV vacations. Thor aims to drive growth through acquisitions and innovations. While economic concerns have weighed on Thor’s stock’s price over the past year, its leading RV market share, brand strength, and demographics favouring RV travel put it in a good position for the years to come.

5. STERIS Corporation (STE)

• Price has rallied 18 out of 25 years, or 72%.
• Average September gain, for all years, is 5.81%.
• In the rising months (18) the average gain has been: 10.04%.
• In declining months (7) the average loss is -5.06%.
• Biggest gain is 43.37%, and biggest drop is -9.15%.

STERIS develops and sells products and services for infection prevention, sterile processing, and surgical procedures. The company has grown through acquisitions, such as the recent buyout of Cantel Medical. STERIS has a strong balance sheet, with 8-10% annual revenue growth. Its essential healthcare products, consistency, and acquisition strategy make it one of the best defensive, long-term value stocks.

6. Roper Technologies Inc. (ROP)

• Price has rallied 18 out of 25 years, or 72%.
• Average September gain, for all years, is 4.63%.
• In the rising months (18) the average gain has been: 8.47%.
• In declining months (7) the average loss is -5.24%.
• Biggest gain is 32.15%, and biggest drop is -12.23%.

Roper Technologies acquires and manages niche software and industrial businesses. The company aims to drive annual sales growth of 12-15% through its capital deployment strategy and operational excellence. Roper has a robust financial profile and generates high margins. Its diversified mix of growth-oriented niche businesses makes Roper one of the best stocks to buy in September 2024.

7. Omega Healthcare Investors Inc. (OHI)

• Price has rallied 18 out of 25 years, or 72%.
• Average September gain, for all years, is 3.71%.
• In the rising months (18) the average gain has been: 7.08%.
• In declining months (7) the average loss is -4.96%.
• Biggest gain is 20.58%, and biggest drop is -12.2%.

Omega Healthcare is a REIT focusing on skilled nursing facilities. The company’s properties are leased to facility operators under long-term contracts, providing stable cash flows. Omega delivers growth by selectively acquiring healthcare properties. Its attractive dividend yield of around 8% makes Omega stock a solid income pick for conservative investors.

8. Callon Petroleum Company (CPE)

• Price has rallied 19 out of 27 years, or 70%.
• Average September gain, for all years, is 8.22%.
• In the rising months (19) the average gain has been: 16.71%.
• In declining months (8) the average loss is -11.95%.
• Biggest gain is 59.38%, and biggest drop is -32.7%.

Callon Petroleum is an independent oil and gas producer focused on assets in the Permian Basin. The company has increased output through drilling and acquisitions. Callon has taken steps to improve its financial position. But debt remains high while oil and gas prices are volatile. Aggressive investors comfortable with commodity price risk may find the cheap valuation and high upside potential worth taking a risk on.

9. Nike Inc. (NKE)

• Price has rallied 19 out of 27 years, or 70%.
• Average September gain, for all years, is 5.34%.
• In the rising months (19) the average gain has been: 10.12%.
• In declining months (8) the average loss is -6.03%.
• Biggest gain is 21.86%, and biggest drop is -16.77%.

Nike is the world’s largest athletic footwear and apparel brand. The company continues growing through new product innovation and expanding its direct-to-consumer sales. Nike stock trades at a premium valuation given its strong brand, high margins, and competitive advantages. But its dominant position, global growth, and focus on shareholder returns make Nike a top September stock in 2024.

10. BP Prudhoe Bay Royalty Trust (BPT)

• Price has rallied 19 out of 27 years, or 70%.
• Average September gain, for all years, is 3.74%.
• In the rising months (19) the average gain has been: 6.94%.
• In declining months (8) the average loss is -3.87%.
• Biggest gain is 28.89%, and biggest drop is -8.86%.

The BP Prudhoe Bay Royalty Trust holds an overriding royalty interest entitling it to a share of oil and gas production from an Alaskan field. Payments fluctuate based on production volumes, oil prices, and costs. The trust offers high yields but faces depleting reserves. The stock is suited only for income-oriented investors willing to accept extreme volatility tied to unpredictable energy prices and output.

Where to buy the best performing stocks for September?

If you’ve already decided on your favourite stock to buy in September, you can use one of the below platforms to invest in it today.

Most popular

1

Min. Deposit

$ 100

Best offer

User Score

9.9

Up to $240 bonus!

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer

Full Regulations:

CySEC, FCA

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

2

Min. Deposit

$ 100

Best offer

User Score

9.9

Trade +2000 CFDs on Shares, Options, Commodities & more

Unlimited risk-free Demo Account

0 commissions & attractive spreads with up to 1:5 leverage

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill

Full Regulations:

ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3

Min. Deposit

$ 0

Best offer

User Score

9.1

Get insights from millions of investors, creators, and analysts

Build your portfolio of stocks, ETFs, and crypto–all in one place

No minimum deposit

Start Trading more info

Payment Methods:

Debit Card, Wire Transfer, Check, Bank Wire

Full Regulations:

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

What is the usual performance of stocks in September?

Stocks as a whole (as gauged by S&P 500 index) tend to be a coin flip in September. Over the last 20 years, the index has moved higher 47% of the time (number on top of September column), with losses being slightly larger than profits, resulting in an average loss of -0.6% (number at bottom of September column).

Strong Seasonality Stocks for September

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 100K in average daily volume.  All stocks with an average gain of less than 3% have been excluded.

Final Word on the Strong September Seasonality Stocks

The statistics outlined in this article can provide helpful insights. Still, all traders are encouraged to do their own research and apply their strategies if utilising these stock market seasonality trends.

Each of these growth stocks has a unique risk profile. While the ‘average gain’ data offers a key metric, it doesn’t reveal the full risk picture. Gaining 7% may seem enticing, but it may exceed your tolerance when weighing volatility. Therefore, analyse all the data when selecting trades, not just the return metrics. Also, incorporate other technical and fundamental factors to pinpoint optimal entry and exit levels.

More than seasonality is needed for consistent trading success. My stock trading course focuses on other core skills besides seasonality. However, it can serve as an extra tool in your trading toolkit. Losing trades WILL happen. Don’t risk more than 1% of your capital on any single trade. The risk amount equals the entry minus the stop loss price multiplied by shares. Despite best efforts, you can lose much more than expected (even when risking just 1%).

Trading carries inherent risks, so manage positions wisely. Study price action, use stops, size appropriately, and diversify your holdings. With prudent strategies, seasonal patterns could boost your chances of trading success this September. Just remain vigilant, as not all growth stocks behave as anticipated.

Index funds, ETFs, and mutual funds can provide less risky market exposure. However, individual stocks enable greater control over entries, exits and position sizing based on risk tolerance. Whether you prefer stocks or funds, look for assets aligned with your timeframe and goals.

With a volatile stock market, September brings unique opportunities. By selecting sound positions sized properly, traders can aim to profit from short-term swings and longer-term growth. Monitor the broader market along with individual names. Scan for stocks to buy amidst shifting conditions while adjusting plans as needed.

Through research and prudent decisions, traders can aim to build wealth steadily. Reinvesting profits and adding funds periodically enables compounding. Maintain a long-term view through various cycles. With robust strategies, appropriate sizing and diversified holdings, you can strive for sustainable growth and strong returns over time.

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 September 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.