As we get ready to enter September, the five US mega-caps have a lot to recover in order to erase their year-to-date losses, with the average stock being down 19.4% so far in 2022. Although investors hope for a recovery, historical seasonal trends for the month of September do not bode well for these five stocks. Over the last ten years, Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT), and Tesla (TSLA) have all struggled in September, with all of them averaging losses during the month. On a median basis, only GOOGL has posted positive returns in September, while AAPL has been the weakest performer.

September is the only month in which none of the five mega-cap stocks have averaged a gain. However, just as April showers tend to bring May flowers, September’s pain has been October’s gain. On an average basis, all five of the US mega-caps have averaged gains of at least 1.6% with Alphabet, Microsoft, and Tesla all averaging gains of more than 4%.  

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