Oshkosh Corporation (Holding Co (OSK) Stock Forecast

Summary

The US stock market tends to rise, despite the August 2023 performance (which saw the S&P 500 fall 2.1%). The long-term uptrend is based on the country’s democratic political system and its market-based, capitalist economic system. In theory, the stock market allocates the country’s capital efficiently and generates solid returns. And then there’s September. In fact, our analysis of monthly returns since 1980 shows that September is now the only month with an average loss. Not every September is negative. The month has a “win rate” of 47%. But there were some bombs, including 1986 (-8.5%), 2001 (-8.2%), 2002 (-11%), 2008 (-14%) and 2011 (-7.2%). Last year, the S&P 500 fell 9.3% this month, and 2022 was a mess with a 4.8% loss. September is a transition month: the August doldrums are over and businesses are picking up steam after Labor Day. the IPO market usually recovers; and the Federal Reserve meeting, which may increase volatility. And sometimes, third-quarter earnings season looms ominously. At the end of the third quarter, companies are fairly confident that they are on track to meet their financial goals. When they don’t, and they warn of disappointing results, investors can quickly sell not just a company, but an entire sector.