$SPY October Pullback: 10 Big Stocks Down as November Rally Looms?
October pullbacks have historically created opportunities ahead of November strength in the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ .
With midterm elections, Q3 earnings, and Q4 guidance all in focus, investors have plenty to watch.
But this year, some of the biggest names in the market are already well off their highs. 👀
🔥 The Pullback Watchlist
🍎 $Apple(AAPL)$ : $348.15 → $339 (-2.6%)
🪟 $Microsoft(MSFT)$ : $553.72 → $531 (-4.1%)
🔎 $Alphabet(GOOGL)$ : $408.61 → $340 (-16.8%)
📱 $Meta Platforms, Inc.(META)$ : $779.82 → $689 (-11.6%)
🚗 $Tesla Motors(TSLA)$ : $498.83 → $374 (-25.0%)
⚡ $Advanced Micro Devices(AMD)$ : $658.52 → $539 (-18.1%)
📦 $Amazon.com(AMZN)$ : $287.20 → $263 (-8.4%)
🟢 $NVIDIA(NVDA)$ : $243.37 → $217 (-10.8%)
🔌 $Broadcom(AVGO)$ : $495 → $335 (-32.3%)
💾 $Micron Technology(MU)$ : $1,255 → $899 (-28.4%)
📊 What Stands Out?
The weakness is concentrated in several major AI and semiconductor names. $AVGO, $MU, and $TSLA have fallen more than 25% from their reported 52-week highs, while $AAPL and $MSFT have held up comparatively well.
That creates two very different setups: some stocks are trading close to their highs, while others have already experienced substantial corrections.
🎯 What I’m Watching Next
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Earnings: Can Q3 results and Q4 guidance restore confidence?
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Seasonality: Will the historical October-to-November pattern repeat?
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Price action: Are these pullbacks forming buying opportunities, or signaling deeper weakness?
Markets are always moving - and sometimes, the best move is knowing what works for you.
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