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Against this backdrop, we think investors could dodge the rising volatility by investing in stocks that have already gained substantial momentum, which they have the potential to maintain owing to their strong fundamentals and solid growth prospects. Investors’ confidence in momentum stocks is evidenced by the Invesco DWA Momentum ETF’s (PDP) 5.8% returns over the past three months.
KLA Corporation (KLAC), Fujitsu Limited (FJTSY), NTT DATA Corporation (NTDTY), and Magic Software Enterprises Ltd. (NASDAQ:MGIC) have generated robust momentum, which we think they are well-positioned to maintain in the coming months. So, it could be wise to bet on these stocks now.
