Which industries and stocks performed best during Thanksgiving?
This week, due to the Thanksgiving holiday, the US stock market will close on Thursday (November 24) and close three hours earlier on Friday (November 25). Despite shorter trading hours, the US stock market usually rises during the week of Thanksgiving.
US stocks are more likely to rise on Thanksgiving
Over the past 50 years $S&P 500 Index (.SPX.US)$ The average increase during Thanksgiving week was 0.54%, and the probability of an increase was 68%.
Over the past 50 years $S&P 500 Index (.SPX.US)$ The average increase during Thanksgiving week was 0.54%, and the probability of an increase was 68%.
In contrast, the average increase in other weeks was 0.16%, and the probability of an increase was 56%.
Data from Bloomberg
Historically, over the past 50 years,Thanksgiving week is best performed the day before and after Thanksgiving.
The possibility of a decline is greater than the possibility of an increase on Monday.
There is a 62% chance of an increase on Tuesday, with a slight decrease on average.
The probability that the S&P 500 index will rise this Wednesday before Thanksgiving is 78%, with an average increase of 0.3%.
The average return for the day after Thanksgiving was 0.22%, with a profit probability of 66%.
It's also worth noting that with the exception of Monday, the rest of Thanksgiving week was significantly less volatile than normal.
There is a 62% chance of an increase on Tuesday, with a slight decrease on average.
The probability that the S&P 500 index will rise this Wednesday before Thanksgiving is 78%, with an average increase of 0.3%.
The average return for the day after Thanksgiving was 0.22%, with a profit probability of 66%.
It's also worth noting that with the exception of Monday, the rest of Thanksgiving week was significantly less volatile than normal.
Data from Bloomberg
By industry
In the past 10 years, the industries with the highest average return on Thanksgiving Week were:
In the past 10 years, the industries with the highest average return on Thanksgiving Week were:
Purchase products for household goods and construction, automotive accessories, travel and leisure, technical hardware and equipment, beverages, personal products, food manufacturers, healthcare, retailers, pharmaceuticals, and grocery stores.
As Thanksgiving kicks off the travel and holiday shopping season, three industries-Travel and leisure, personal goods and retailers — are more likely to benefit directly.
As Thanksgiving kicks off the travel and holiday shopping season, three industries-Travel and leisure, personal goods and retailers — are more likely to benefit directly.
Oil stocks and utilities aren't popular this time of year。 Some investors may short these industries or stocks.
Data from Bloomberg
By inventory
Here are the S&P 500 constituent stocks that performed the best during Thanksgiving week over the past 10 years.
Here are the S&P 500 constituent stocks that performed the best during Thanksgiving week over the past 10 years.
$Kimberly-Clark (KMB.US)$ Every year for the past 10 years, Thanksgiving has had an outstanding performance.
Several personal care stocks are also on the list, including $Church & Dwight (CHD.US)$ and $Clorox (CLX.US)$ 。
Data from Bloomberg; the chart above is sorted first by probability of earnings, then by average earnings
The worst performing stocks during Thanksgiving over the past 10 years were energy companies.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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