The Top Stocks of October

With October in the books, we’re heading into what’s historically the best stretch of the year for stocks.

Major indexes keep making new all-time highs, while other areas continue to move sideways.

Either way, our focus remains the same — finding relative strength and buying the best stocks.

At the end of each month, we run a series of scans to review what played out — and, more importantly, what’s setting up next.

These are the Top Stocks for the Month of October.

This scan gives us a clean, no-nonsense read on the strongest and most consistent outperformers of the month.

We’re tracking just two things: how often a stock outperformed, and by how much.

In other words, we want to know how frequently a stock beats the market — as well as the magnitude of its outperformance. Simple as that.

Let’s start with one of our favorites — Alphabet Inc $GOOGL:

The internet giant has been on an absolute tear since April, rallying in a near-vertical line and becoming one of the top stocks in the market. 

Price is piercing through our target and showing no signs of slowing down. We think this one has more left in the tank. 

Big-cap tech has been the hottest and most consistent theme in the market lately and Google represents a perfect opportunity to gain exposure to it. 

We are long above 260 with our next target sitting around 370.

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