This post was originally published on this site
With the consumer price index still surging and fears of a slowdown in economic activity still lurking, market volatility is probably here to stay for the foreseeable future. However, amid this environment, investors could bet on stocks that have generated momentum lately and are well-positioned to maintain their momentum irrespective of the market’s movements. Investors’ confidence in momentum stocks is evident in the Invesco DWA Momentum ETF’s (PDP) 6.9% returns over the past six months.
Foot Locker, Inc. (FL), Signet Jewelers Limited (SIG), and Guess?, Inc. (GES) have been witnessing solid momentum but look significantly undervalued at their current price levels. We believe these stocks are positioned to maintain their momentum in the near term.
