S&P 500: 9 Stocks Turn $10,000 Into $139,936 In 9 Months

Stocks tanked right on cue in September. But nimble S&P 500 investors are still finding ways to make big money as most others lose.


All told, had you invested $10,000 in January and reinvested your money into the top-performing stock in the S&P 500 each month in 2023, including Centene (CNC) in September, you’d have $139,936 now, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.

That’s an impressive nine-month gain of 1,299%. It’s quite a feat given the S&P 500 is up just 11.7% so far this year. The same $10,000 invested in the S&P 500 would be worth just $11,170 now. That’s a gain of just $1,170. The S&P 500 slipped again in September as some investors figured rising yields on bonds are good enough.

Will September Be S&P 500’s Worst Month?

Hindsight is 20-20. And, clearly, few if any investors could have picked the top stock in each of the past nine months, as it’s not a repeatable strategy. But the staggering numbers are a reminder to investors that amazing gains can be found even in a market that’s taking a breather.

Just two stocks in the S&P 500 rose 10% or more in the month. And don’t assume they’re all energy plays — the only S&P 500 sector to rise in the month. Of the two double-digit gainers, not one is in the energy sector. The top gainers were in health care Centene and materials CF Industries (CF)).

Finding winning stocks was admittedly tough. More than 80% of the stocks in the S&P 500 fell in September. The S&P 500 fell 4.9% during the month, the worst monthly loss by far all year. September’s drop also extended the 1.8% loss in August.

Seeing the S&P 500 struggle in September isn’t much of a surprise, though. The month is historically the worst month of the year, says “The Stock Trader’s Almanac.” Stocks have lost 0.6% on average in the month going back to 1950, the Almanac says.

But this September was worse than usual, unless you chose well.

Top S&P 500 Stock Of September: Centene

If you wanted to make money in September, energy was your best bet. But there were still…


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