Wall Street’s favorite stocks heading into a new month of trading

As a new month looms, Wall Street expects its favorite stocks to outperform — no matter what October might bring. September has historically been the worst month of the year for stocks, according to the Stock Trader’s Almanac . The equity market started the month on a downbeat, but a supersized interest-rate cut from the Federal Reserve righted the ship. All three major averages are currently on pace to finish September higher than where they started. But as October looms, some investors believe that the latest moves to historic highs might not be built to last . Janney Montgomery Scott’s Dan Wantrobski recently wrote that stocks are overbought in the short term.