Summer is almost here, and investors are hunting for fresh opportunities after the S&P 500 logged its strongest month since November 2023.
According to Seasonax data, looking at 97 years of history, the S&P 500 averages a 0.7% gain in June. In recent times, performance has been even better: over the past six years, the index has ended June higher five times, with an average return of 2.1%.
Thus, June has historically brought more gains than pain, and certain S&P 500 stocks have a consistent track record of outperforming in this early-summer stretch.
An analysis of S&P 500 components between June 2 and July 2 over the past 10 years reveals clear outperformers. Here are the top 10 stocks ranked by average return during this 30-day window.
Tesla Inc. (NASDAQ:TSLA) is by far the top June performer, with an average return of 14.5%, beating the S&P 500 by a wide margin. It closed positively in 8 out of the last 10 Junes, with the best return — a 37.1% rally — coming in 2023.
Eli Lilly & Co. (NYSE:LLY) has been the most consistent performer on this list, with 9 wins in 10 years. Its June gains have averaged 6.2% over the past decade, with a peak return of 17.5% in 2021 and a minimal drawdown of -2.2% in 2019.
Adobe Inc. (NASDAQ:ADBE) also ranks high with a 5.6% average return. Notably, in the last two Junes, the tech company rose by 17% and 24.9% respectively.
Stock | Avg Return | Win Rate | Max Gain | Worst Drop |
---|---|---|---|---|
Tesla | +14.5% | 8/10 | +37.1% | -9.8% |
Eli Lilly | +6.2% | 9/10 | +17.5% | -2.2% |
Adobe | +5.7% | 6/10 | +29.3% | -14.7% |
Oracle Corp. (NASDAQ:ORCL) | +4.9% | 7/10 | +20.1% | -7.6% |
Generac Holdings Inc. (NYSE:GNRC) | +4.9% | 6/10 | +31.2% | -19.4% |
Amazon.com Inc. (NASDAQ:AMZN) | +4.3% | 7/10 | +16.9% | -9.6% |
Digital Realty Corp. (NYSE:DLR) | +4.0% | 7/10 | +15.5% | -6.2% |
Domino's Pizza Inc. (NASDAQ:DPZ) | +4.0% | 6/10 | +11.5% | -5.5% |
Apple Inc. (NASDAQ:AAPL) | +3.7% | 5/10 | +17.0% | -7.7% |
Fair Isaac Corp (NYSE:FICO) | +3.7% | 8/10 | +18.2% | -1.96% |
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