Best Stocks to Own: Workday Stock Could Add 8% in August

Core Viewpoint - Workday Inc's stock is showing resilience despite broader market weakness, currently trading at $226.12, with potential for an upswing due to favorable seasonality trends [1] Group 1: Stock Performance - Workday's stock has a year-to-date deficit of 12.5%, but it is considered one of the best S&P 500 stocks to own in August, averaging a monthly gain of 8% and ending the month higher 80% of the time over the past decade [5] - If the stock follows historical trends, it could rise above $244 from its current level [5] Group 2: Market Sentiment and Options Trading - There is a potential for increased positive momentum as short-term options traders are unwinding pessimism, indicated by a put/call open interest ratio of 1.75, which is in the 97th percentile of the past year [6] - Workday's options premiums are currently affordably priced, with a Volatility Index of 29%, sitting in the low 12th percentile of its annual range [6]