From NASDAQ.:



The article discusses the concept of the Santa Claus Rally (SCR), which is a seven-day period typically occurring at the end of the year and the beginning of the New Year. Historically, this period has shown strong bullish trends in the stock market, with the S&P 500 posting an average gain of 1.32% and being positive nearly 80% of the time. A positive SCR tends to forecast solid yearly gains, while a negative one has led to weaker returns in the past. The article also highlights the performance of specific stocks, such as Nike, Apple, and Micron Technology, and the potential impact of the SCR on their performance. It references Zacks Investment Research’s top 10 stock picks for 2024 and the importance of monitoring the market during the Santa Claus Rally period. The article concludes by emphasizing the significance of the SCR as a potential predictor of stock market trends.



Original: Famed Santa Claus Rally Begins: Stocks to Watch