Why stocks may keep rallying in the fourth quarter despite the election year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
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Source: MarketWatch
Market Volatility Ahead: Wall Street is entering a historically volatile month during presidential election years, raising questions about the sustainability of recent stock market gains.
Historical Trends: Positive stock performance in September during election years has historically led to an 80% chance of gains in October, compared to a 61% likelihood across all years since 1945.
Analyst Views on DJIA
Wall Street analysts forecast DJIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJIA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.210
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Current: 22.210
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
