3 Momentum Anomaly Stocks to Buy as Election Rally Fizzles

Zacks2024-11-19

The broader U.S. equity markets have witnessed significant volatility over the past few trading days as the post-election rally fizzled due to concerns regarding potential policy shifts under the new ...

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This parameter ensures we get the best stocks that have appreciated steadily over the past year.Percentage Change in Price  = Bottom #10: From the above 50 stocks, we then choose those that are also among the 10 worst performers over a short one-week period. This parameter picks the ones that have witnessed a short-term pullback in price.Zacks Rank #1: Stocks sporting a Zacks Rank #1  have a proven history of outperformance irrespective of the market conditions. You can see the complete list of today’s Zacks #1 Rank stocks here.MomentumStyle Score of B or Better: A top Momentum Style Score knocks out a lot of the screening process as it takes into account several factors that include volume change and performance relative to its peers. It indicates when the timing is best to grab a stock and take advantage of its momentum with the highest prob","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4167":"医疗保健技术","PI":"Impinj, Inc.","DOCS":"Doximity, Inc.","BK4585":"ETF&股票定投概念","INOD":"Innodata Inc","BK4539":"次新股","BK4588":"碎股","BK4123":"调查和咨询服务","BK4141":"半导体产品","BK4106":"数据处理与外包服务","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BK4551":"寇图资本持仓"},"translate_title":"随着选举反弹失败，值得买入的3只动量异常股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INOD":1,"PI":1,"DOCS":0.9},"content_text":"The broader U.S. equity markets have witnessed significant volatility over the past few trading days as the post-election rally fizzled due to concerns regarding potential policy shifts under the new administration. The markets were further weighed down by apprehensions about the pace of interest rate cuts as healthy economic growth offered some leeway to go slow on the proposed monetary easing. However, solid earnings from blue-chip technology stocks helped markets recover some lost ground. With NVIDIA results around the corner, markets remained upbeat as experts anticipate robust demand trends for its Blackwell AI (artificial intelligence) chips. Amid the uncertainty, investors often seek to employ time-tested winning strategies to fetch sustained profits. One of the most successful game plans to beat the blues is to bet on momentum stocks like Doximity, Inc. DOCS, Impinj, Inc. PI and Innodata Inc. INOD when value or growth investing fails to generate the desired profits. This approach primarily tends to follow the adage, “the trend is your friend.” At its core, momentum investing is “buying high and selling higher.” It is based on the idea that once a stock establishes a trend, it is more likely to continue in that direction because of the momentum that is already behind it. Momentum investing is a way to profit from the general human tendency to extrapolate current trends into the future. It is based on that gap in time before the mean reversion occurs, i.e., before prices become rational again.Momentum strategies have been known to be alpha-generative over a long period and across market stages. So, this strategy is quite tricky to implement, as detecting these trends is no child’s play. Here, we have created a strategy to help investors get in on these fast movers and rake in handsome gains. Our screen will help you benefit from both long-term price momentum and a short-term pullback in price.\nScreening Parameters for Momentum Anomaly Stocks\nPercentage Change in Price (52 Weeks) = Top #50: This selects the top 50 stocks with the best percentage price change over the last 52 weeks. This parameter ensures we get the best stocks that have appreciated steadily over the past year.Percentage Change in Price (1 Week) = Bottom #10: From the above 50 stocks, we then choose those that are also among the 10 worst performers over a short one-week period. This parameter picks the ones that have witnessed a short-term pullback in price.Zacks Rank #1: Stocks sporting a Zacks Rank #1 (Strong Buy) have a proven history of outperformance irrespective of the market conditions. You can see the complete list of today’s Zacks #1 Rank stocks here.Momentum Style Score of B or Better: A top Momentum Style Score knocks out a lot of the screening process as it takes into account several factors that include volume change and performance relative to its peers. It indicates when the timing is best to grab a stock and take advantage of its momentum with the highest probability of success. Stocks with a Momentum Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), handily outperform other stocks.Current Price greater than $5: The stocks must all be trading at a minimum of $5.Market Capitalization = Top #3000: We have chosen stocks that are among the top 3000 in terms of market value to ensure the stability of price. Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that these stocks are easily tradable.Here are three stocks out of eight that made it through this screen:Headquartered in San Francisco, CA, Doximity operates a cloud-based digital platform for medical professionals in the United States. The company offers digital tools for medicine that enable members to collaborate with colleagues, stay up to date about the latest medical news and research, streamline documentation and administrative paperwork, and conduct virtual patient visits. The stock has surged 113.8% in the past year but declined 14.8% in the past week. Doximity has a Momentum Score of A. Headquartered in Seattle, WA, Impinj operates a cloud connectivity platform that wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, miniature radios-on-a-chip that attach to a host item and include a number to identify the item. The stock has rallied 112.9% in the past year but declined 11.7% in the past week. Impinj has a Momentum Score of B.Headquartered in Ridgefield Park, NJ, Innodata is a global data engineering firm that helps leading technology companies and enterprises drive Generative AI / AI innovation. It offers a range of transferable solutions, platforms and services for Generative AI / AI builders and adopters. The stock has skyrocketed 380.2% in the past year but declined 9.7% in the past week. Innodata has a Momentum Score of A.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial to the Research Wizard today.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nInnodata Inc. (INOD) : Free Stock Analysis Report\nImpinj, Inc. (PI) : Free Stock Analysis Report\nDoximity, Inc. (DOCS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484921712"}