3 Hot Stocks to Buy in October
Buy stocks in October? Isn't this the month that's known for major meltdowns in the past? Sure, October has historically been the most volatile month for stocks. And some of the most infamous stock market crashes occurred in October.
However, October isn't the worst month for stock performance over the past 50 years; September is. More important, though, investors shouldn't focus on the short-term gyrations of a stock over only one month. When you focus on the long term, buying stocks in October is as smart of a move as buying at any other time during the year.
Some could prefer to target stocks that have been beaten down to try to buy at a bargain price. My view is that an even better approach is to invest in winning stocks that could get soar even higher. Here's why I think Dollar General (NYSE: DG), MongoDB (NASDAQ: MDB) and The Trade Desk (NASDAQ: TTD) are hot stocks you can buy in October and hold for a long time.
Source Fool.com
