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Amid this scenario, we think betting on momentum stocks could help dodge short-term market fluctuations. Investors’ interest in momentum stocks is evident in the JPMorgan (NYSE:JPM) U.S. Momentum Factor ETF’s (JMOM) 8.4% returns versus SPDR S&P 500 Trust ETF’s (SPY) 5.9% gains over the past month.
The shares of Linde plc (LIN), Eaton Corporation plc (ETN), Waste Management, Inc. (WM), and Eni S.p.A. (E) have gained momentum lately, which the companies are well-positioned to maintain for the rest of the year. Therefore, we think it could be wise to bet on these stocks now.
