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Moreover, the Commerce Department reported Friday that annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income. With this inflation threat, investors are maneuvering to respond to the risk. Therefore, we believe it could be wise to invest in stocks that have managed to gain momentum and can maintain that momentum irrespective of market volatility.
We think China Shenhua Energy Company Limited (CSUAY), Canadian Natural Resources Limited (CNQ), and Mueller Industries, Inc. (MLI) could be ideal bets now because they have exhibited solid momentum over the past few months, which they are expected to maintain in the near term. Each of these stocks has an overall Strong Buy rating and an A grade for Momentum in our proprietary POWR Ratings system.
