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The S&P 500 declined from a record high yesterday on a slowdown in job growth last month. Amid this scenario, momentum investing could help investors dodge short-term market volatility because stocks that have gained momentum will likely maintain it for some time irrespective of market conditions. Investors’ interest in momentum stocks is evident in the iShares MSCI USA Momentum Factor ETF’s (MTUM) 5.3% gains over the past three months.
Philip Morris International Inc. (NYSE:PM), ArcelorMittal (MT), Norsk Hydro ASA (NHYDY), and Aperam S.A. (APEMY) have generated decent momentum over the past few months, which they are well-positioned to maintain. In addition, each of the stocks has an A grade for Momentum and an overall Strong Buy or Buy rating in our proprietary POWR Ratings system. So, it could be wise to scoop up these stocks now.
