July Is S&P 500's Strongest Month — 5 Tech Stocks Lead
The S&P 500 averages a 2.56% gain each July over 20 years. A select group of large-cap tech stocks has done even better.
July has historically delivered the strongest monthly returns for U.S. equity investors, with the S&P 500 — tracked by the SPDR S&P 500 ETF Trust (SPY) — averaging a 2.56% gain over the past two decades, making it the top-performing month of the calendar year. The benchmark index has finished July in positive territory 80% of the time and has closed green in each of the last 11 consecutive Julys, a streak that underscores the month's seasonal tailwinds.
While those broad market figures are compelling on their own, a handful of large-cap technology stocks have outpaced even those above-average returns. Analysis compiled on TradingView points to five tech names that have consistently beaten the S&P 500 during July across the same 20-year window, suggesting a pattern that active and seasonal investors may find worth watching.
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Apple (AAPL) is among the stocks drawing particular attention heading into the month, with technical analysts noting an upward price bias in the shares. Whether that momentum holds will depend in part on upcoming earnings catalysts and broader macro conditions — factors that have historically amplified July's already favorable seasonal setup for technology names.
Seasonal investing strategies carry inherent risks, and past monthly performance is no guarantee of future results. Still, the consistency of July's outperformance — an 80% hit rate over 20 years for the index alone — gives the pattern more statistical weight than a simple one-year fluke. Investors who understand both the opportunity and the limitations of seasonality may find July's historical record a useful input alongside fundamental and technical analysis.
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