September has historically been the worst month of the year for the stock market with the S&P 500 falling on average during the month.
However, this September bucked that trend with all three indexes posting positive gains. The Dow Jones Industrial Average and S&P 500 even hit all-time highs last month.
As you can see, the Nasdaq Composite was the best-performing major index, rallying toward the end of the month after the Federal Reserve said it would lower interest rates by 50 basis points.
Looking at underperforming stocks can be one way to find future winners, especially if they’ve only sold off due to short-term pressures. On that note, let’s take a look at the worst stocks in the Nasdaq-100 last month to see if any of the index’s biggest companies are worth buying.
1. Dollar Tree (down 16.8%)
Dollar Tree (NASDAQ: DLTR) was the worst performer in the Nasdaq-100 for September, and there’s one…
