A handful of shares which can be aided by momentum, bullish sentiment and sturdy buyback exercise might assist traders navigate the remainder of September and any storms that blow in October. September has historically been the worst month of the 12 months for the S & P 500 going again to 1950, in line with information from the Inventory Dealer’s Almanac. The broad market index has averaged a 0.7% loss each September. The three main averages kicked off September on a downbeat. However after the Federal Reserve reduce charges by a half share level on Wednesday, shares continued to beat the standard seasonal headwinds September is understood for. The S & P 500 is forward about 1.5% thus far this week and greater than 1% in September. The issue is equities are usually not out of the woods but. October is also referred to as a month for main drawdowns. With that seasonal volatility in thoughts, Evercore ISI screened for shares which will proceed to outperform within the present local weather. The funding financial institution combed by means of the Russell 3000 for shares which can be within the prime quintiles for momentum, sentiment and buybacks. The businesses will need to have additionally had a market capitalization topping $2 billion and a share value of at the very least $5. Listed here are a number of names that made Evercore ISI’s display. One firm that made the Evercore ISI display was cellular tech firm AppLovin . The inventory has climbed 209% in 2024. UBS upgraded AppLovin to purchase from impartial this week. As catalysts, the financial institution cited enhancing visibility into medium-term income development, a supportive valuation and potential alternatives in gaming and e-commerce. Whereas Wall Road is overwhelmingly bullish on the identify, consensus value targets are calling for draw back of about 15% from present ranges, in line with LSEG. Nonetheless, one agency, BTIG has a $150 value goal on AppLovin, the very best amongst analysts polled by FactSet. Monetary buying and selling platform Robinhood , which has soared 80% in 2024, additionally floated up on Evercore ISI’s display. Eight of the 17 analysts masking the inventory fee it a maintain, with common value targets suggesting upside of 5%, in line with LSEG. Barclays upgraded Robinhood to equal weight from underweight earlier this month, with analyst Benjamin Budish pointing to a maturing enterprise mannequin and potential top-line catalysts. Earlier this 12 months, Robinhood introduced a $1 billion share repurchase program . Evercore ISI additionally highlighted Sprouts Farmers Market as a possible outperformer. Shares of the organics-focused grocery retailer have soared about 118% 12 months so far. Evercore ISI upgraded Sprouts to outperform from in line this week. Analyst Michael Montani wrote that Sprouts might profit from a development towards more healthy consuming, and his $125 value goal is the very best on the Road, in line with FactSet information. Nonetheless, 13 of the 16 analysts masking the identify fee it a maintain, and consensus value targets recommend practically 9% draw back, in accordance LSEG.