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Market volatility is expected to remain high for the foreseeable future as COVID-19 continues to ravage the country and prompt new distancing restrictions, fueling skepticism among investors about the economic recovery. In addition, geopolitical tensions caused by the collapse of the Afghan government could contribute to the market volatility. However, investors could dodge much market volatility by investing in stocks that have already gained momentum and have the potential to maintain it irrespective of market movements. Investors’ confidence in momentum stocks is evident in the Invesco DWA Momentum ETF’s (PDP) 9.3% returns over the past three months.
Philip Morris International Inc. (NYSE:PM), Nippon Steel Corporation (NPSCY), Voestalpine AG (VLPNY), and Aperam S.A (APEMY) have gained robust momentum that they are well-positioned to maintain in the coming months. So, we think it could be wise to bet on these stocks now.
