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4 Momentum Stocks That Show No Signs of Slowing Down

Stock MarketsSep 22, 2021 11:31AM ET
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© Reuters. 4 Momentum Stocks That Show No Signs of Slowing Down

With investors awaiting the outcome of the Fed’s policy meeting this week, and with an ongoing liquidity crisis at China’s Evergrande Group, the market is expected to remain turbulent in the near term. So, we think it could be wise to invest in KLA Corporation (KLAC), Fujitsu Limited (FJTSY), NTT DATA Corporation (NTDTY), and Software Enterprises (MGIC) because these stocks have been able to advance consistently in recent months and are well-positioned to maintain their momentum for the foreseeable future. So, let’s examine these names. Market volatility is expected to remain high for the foreseeable future, as investors await the results of this week’s much-anticipated Fed meeting, during which officials are expected to reveal their plans to begin withdrawing assistance to the economy. Furthermore, market experts believe that the current liquidity crisis at China's Evergrande Group, which has jolted global markets, could cause even more volatility in the coming weeks.

Against this backdrop, we think investors could dodge the rising volatility by investing in stocks that have already gained substantial momentum, which they have the potential to maintain owing to their strong fundamentals and solid growth prospects. Investors’ confidence in momentum stocks is evidenced by the Invesco DWA Momentum ETF’s (PDP) 5.8% returns over the past three months.

KLA Corporation (KLAC), Fujitsu Limited (FJTSY), NTT DATA Corporation (NTDTY), and Magic Software Enterprises Ltd. (NASDAQ:MGIC) have generated robust momentum, which we think they are well-positioned to maintain in the coming months. So, it could be wise to bet on these stocks now.

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4 Momentum Stocks That Show No Signs of Slowing Down
 

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