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The S&P 500 index increased for seven straight months to hit 53 record closes so far this year, while the tech-heavy Nasdaq Composite has rallied for three consecutive months.
This trend is expected to continue, given the strong investor sentiment and favorable government policies. Thus, we think fundamentally strong stocks Genesco Inc . (GCO), SilverBow Resources, Inc. (NYSE:SBOW), LSI Industries Inc. (LYTS), and Ultralife Corporation (ULBI), which look undervalued at their current price levels, could witness strong momentum in the near term.
