A few companies, including a fragrance retailer and a major U.S. airline, may help investors ride out what has historically proven a rough month for equities.
A few companies, such as Bath & Body Works and Southwest Airlines , may help investors ride out what's historically proven a rough month for equities. September is known to be the worst month of the year for the S & P 500, Dow Industrials, Nasdaq Composite and the Russell 2000, according to the Stock Trader's Almanac — and the last four Septembers saw a particularly steep drop. This year, investors are in even muddier waters as markets wait for the outcome of the U.S.
Palo Alto recently rallied after a stronger-than-expected fiscal fourth quarter and an upbeat outlook. Several Wall Street firms raised their price targets on the company after its latest financial report. "PANW's platformization strategy is successfully driving larger deals," Morgan Stanley analyst Hamza Fodderwala wrote in an Aug. 20 note to clients while reiterating an overweight rating.
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