Paul Hickey Shares 3 Stocks That Perform Well In October

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Speaking on
CNBC's Fast Money
, Paul Hickey of Bespoke Investment Group said that
Google IncGOOGLGOOG
,
Ryder System, Inc.R
and
Reynolds American, Inc.RAI
have historically performed well in October.
Google Inc
had an average gain of 14.5 percent in October, over the last 10 years. The stock finished the month in the positive territory in eight out of 10 years and in seven years the gains were above 10 percent. Hickey believes that Google is cheap on a relative basis and he likes the acquisitions the company has made.
Reynolds American
pays almost 5 percent dividend yield and if the merger with
Lorillard Inc.LO
goes through it will have 40 percent market share. The stock had nine positive performances in October in the last 10 years. Its average gain was three percent. Lower gas prices and improving economy have positive influence on
Ryder System, Inc.R
, which had an average gain of 5 percent in October.
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Posted In: CNBCMediaBespoke Investment GrouPaul Hickey
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