Since 1950, November has finished positive in nearly 80% of midterm-election years, averaging a gain of approximately 2.7%.
The fourth quarter of midterm years has also been historically strong, with the S&P 500 averaging roughly 6.6%. And the 12 months following midterm elections have historically delivered average gains of about 15%.
Top 6 companies I’m looking to add to on pullbacks this month 👀📈
1️⃣ $Advanced Micro Devices(AMD)$ — AI computing
• Revenue +50% YoY; data center revenue +107%
• Adjusted EPS: $1.66
• Watching: EPYC processors, Instinct GPUs, and OpenAI deployments
2️⃣ $Bloom Energy Corp(BE)$ — Power for AI infrastructure
• Revenue +138% YoY
• Adjusted EPS: $0.94 vs. $0.15
• Watching: Oracle’s contracted 1.2 GW of fuel-cell capacity and deployment execution
3️⃣ $Amazon.com(AMZN)$ — Cloud, AI, and advertising
• Revenue +20% YoY; AWS +37%
• Operating income +43%
• Watching: AWS demand, Trainium adoption, and advertising growth
4️⃣ $Rigetti Computing(RGTI)$ — Speculative quantum computing
• Revenue +185% YoY to approximately $5.1M
• Adjusted loss: $0.05/share
• Watching: quantum system advances, customer deployments, and HPE collaboration
• Higher risk: still unprofitable and early in commercialization
5️⃣ $ARM Holdings(ARM)$ — Chip architecture
• Revenue +22% YoY
• Adjusted EPS: $0.45, up 29%
• Watching: data center adoption, Armv9, and higher royalties per chip
6️⃣ $Micron Technology(MU)$ — AI memory and storage
• Revenue +379% YoY
• Adjusted EPS: $33.42 vs. $3.03
• Watching: high-bandwidth memory demand, pricing, and margins
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