Two stocks have outperformed the S & P 500 every November when elections have been held over the past three decades — regardless of the outcome, according to a CNBC Pro study.
Electrical and industrials giant Eaton Corporation and Sweden's second-largest lender, Svenska Handelsbanken , are the two stocks that beat the U.S. benchmark in November every election year.
CNBC Pro screened for stocks currently in the MSCI World Index that gained more than the S & P 500 — or lost less than the index — in November of every election year since 1988.
Every time is different Historical performance is never a guarantee of future performance, and stocks often move for idiosyncratic reasons.
This year, for instance, the Federal Reserve is expected to announce a decision on interest rates on Thursday, which could also influence the trajectory of stocks.
Persons:
Brett Linzey, Mizuho, Eaton, Arctic's Roy Tilley, Henry Allen, Pfizer's, Barack Obama, Allen
Organizations:
CNBC, Eaton Corporation, Svenska, CNBC Pro, Eaton Corp, Mizuho, Svenska Handelsbanken, Arctic Securities, Federal Reserve, Deutsche
Locations:
U.S, Industrials, Sweden, Greece, Europe