Could these be November’s top 7 stocks?

October was a tough month for Australian shareholders – the S&P/ASX 200 was down 2.8% and some of the biggest names were smashed due to a range of company-specific issues.

What lies ahead in November?

Often we see companies that perform poorly over a one-month period return to be the better performers in the following month. An example of this comes from one of this month’s better performers – QBE Insurance Group Ltd (ASX: QBE). QBE’s share price plunged from $11.20 to under $10 in August, but it returned over 10% in October alone.

Could these be November’s top 7 stocks?

Here are seven of the worst-performing stocks from October; many due to one-off factors, so some or all of these companies could return to favour over the next few months.

Healthscope Ltd (ASX: HSO) down 29% on a profit warning.

Resolute Mining Limited (ASX: RSG) down 21% due to strikes and general concerns over the gold price.

Crown Resorts Ltd (ASX: CWN) down 18% due to the arrest of a number of employees in China.

Star Entertainment Group Ltd (ASX: SGR) down 17% due to it being linked to the concerns surrounding Crown.

TPG Telecom Ltd (ASX: TPM) down 17% due to a weak earnings outlook.

Regis Resources Limited (ASX: RRL) down 16% due to a falling gold price.

SKYCITY Entertainment Group Limited-Ord (ASX: SKC) down 16% after releasing a disappointing quarterly result.

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Motley Fool contributor Andrew Mudie owns shares of Crown Resorts Limited and QBE Insurance Group Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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