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.
