Billionaire Stocks For An October Market Rebound

After slipping in August and September, stocks tend to move higher in October. These four stocks held by billionaire investors look ripe for a rebound.

_{By John Dobosz, Forbes Staff}

The month of October has a well-earned reputation as a spooky stretch of time for stock market investors because of frightful wipeouts in 1929, 1987 and 2008. A broader look at historical returns, however, shows that October is also a month for producing fourth-quarter market rebounds.

“The S&P 500 gained an average 5.0% during the fourth quarter of all years since 1990, rising in price 82% of the time, and all sizes, styles, and sectors posted average advances of 2.1% or better, led by the Nasdaq Composite, mid- and small caps, along with the technology, industrials, and materials sectors,” says Chief Investment Strategist Sam Stovall of CFRA Research. “In the fourth quarter of pre-election years, results were even more impressive, with the S&P 500 gaining an average of 7.7% and rising in price 88% of the time–100% of the time on a total-return basis for first-term presidents since World War II.”