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Amid these conditions, turning to momentum investing could be rewarding because stocks that have managed to gain momentum over the past few months might be able to maintain the same in the near to mid-term irrespective of the movement of the broader market.
Eaton Corporation plc (ETN), Mitsubishi Chemical Holdings Corporation (MTLHY), and Vertiv Holdings Co (NYSE:VRT) have been maintaining solid momentum over the past few months and should continue rallying in the coming months, dodging the market volatility. In addition, each of these names has an A grade for Momentum, along with an overall Strong Buy or Buy rating, in our POWR Ratings system. So, we think it could be wise to scoop up these stocks now.
