Ah, July! The month when summer is in full swing and the spirit of adventure fills the air. In the world of investing, this mid-summer period also brings its own unique opportunities. Among these are mid-cap stocks, often considered the perfect mix between the high-growth potential of small caps and the stability of large caps. So, let’s throw on our sunglasses, crank up the beach tunes, and take a detailed look at the top 10 mid-cap stocks that have historically performed well in July.
- Deckers Outdoor Corporation (DECK)
When the summer sun comes out, so do the sandals and Deckers Outdoor Corporation, a global footwear designer and distributor, knows this better than anyone. Best known for its UGG brand, the company also owns other popular brands like Teva and Hoka One One. With consumers reaching for comfortable footwear for their summer adventures, Deckers has historically seen a boost in their stock performance during July.
- Jack in the Box (JACK)
Summertime is fast-food time, and Jack in the Box has often capitalized on this trend. Known for its eclectic menu offerings – from burgers and tacos to shakes and egg rolls – this fast-food chain has over 2,200 restaurants, primarily in the western and southern United States. Historically, this variety and reach have helped make Jack in the Box a popular choice for investors looking for consistent July performers.
- Manhattan Associates (MANH)
Though not as obvious a summer pick, Manhattan Associates has historically seen significant activity during July. As a technology leader in supply chain and omnichannel commerce, the company provides cutting-edge solutions that help businesses orchestrate their operations from beginning to end. The growth of e-commerce, especially during the summer sales season, tends to play in Manhattan Associates’ favor, making it a stock to watch.
- Littelfuse Inc. (LFUS)
Littelfuse might not be a household name, but it plays a vital role in protecting electronic devices with its circuit protection products. While its industry may seem dry compared to some others on this list, its historical stock performance in July is anything but. With applications across a range of industries, from electronics to automotive, Littelfuse’s broad reach often makes it an intriguing mid-cap choice.
- Brunswick Corporation (BC)
Nothing says summer quite like boating, and Brunswick Corporation is all about that aquatic life. Known for its leading boat brands like Boston Whaler and Mercury Marine engines, Brunswick typically enjoys a wave of interest in July. The company’s focus on leisure products, including fitness equipment, aligns well with the summer season, often resulting in a rise in stock value during this time.
- EastGroup Properties (EGP)
While real estate investment trusts (REITs) might not be the first thing that comes to mind when you think of summer, EastGroup Properties often heats up during July. Specializing in the development and operation of industrial properties in major Sunbelt markets, EastGroup benefits from the steady demand for distribution spaces, especially with the boom in e-commerce. This underlying strength often makes EastGroup a compelling investment during the summer months.
- Pool Corporation (POOL)
Here’s a company that screams summer. Pool Corporation, the world’s largest wholesale distributor of swimming pool supplies, often makes a splash in the stock market during July. In addition to pool supplies, the company also offers related outdoor living products, further enhancing its appeal during the summer season.
- Crocs, Inc. (CROX)
Crocs, the company behind the divisive yet undeniably popular foam clogs, often sees its stock take comfortable strides in July. With its emphasis on casual, comfortable footwear perfect for summer escapades, Crocs has a way of catching investors’ eyes during this time, just like its colorful footwear catches the eye on beaches and boardwalks.
- Green Dot Corporation (GDOT)
In the world of fintech, Green Dot Corporation often shines in the summer sun. As a leading provider of prepaid debit cards and innovative banking solutions, Green Dot caters to a wide array of customers. The increase in financial activities during the summer often works in Green Dot’s favor, resulting in a typical surge in its stock price during July.
- Medifast, Inc. (MED)
Last but not least, Medifast makes our list. As a leading manufacturer and distributor of clinically proven, healthy living products and programs, Medifast often sees a boost in the summer as people aim to achieve their health goals. This focus on wellness often results in a healthy stock performance during July.
There you have it – ten mid-cap stocks that have historically heated up in July, each with their unique operations and appeal. Like a summer picnic, they offer a variety of flavors to cater to diverse investor tastes. However, as with any investing venture, it’s crucial to remember that historical performance doesn’t guarantee future returns.
So, stay hydrated, do your research, and enjoy the sun-soaked journey of investing in mid-cap stocks this July. Here’s to hoping your portfolio experiences its own summer growth!
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research and consult with a professional before making any investment decisions.