These stocks have momentum on their side even if market stumbles

A handful of stocks that are aided by momentum, bullish sentiment and robust buyback activity could help investors navigate the rest of September and any storms that blow in October. September has traditionally been the worst month of the year for the S & P 500 going back to 1950, according to data from the Stock Trader's Almanac. The broad market index has averaged a 0.7% loss every September. The three major averages kicked off September on a downbeat.

As catalysts, the bank cited improving visibility into medium-term revenue growth, a supportive valuation and potential opportunities in gaming and e-commerce. While Wall Street is overwhelmingly bullish on the name, consensus price targets are calling for downside of about 15% from current levels, according to LSEG. Still, one firm, BTIG has a $150 price target on AppLovin, the highest among analysts polled by FactSet.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blackwell concerns 'overdone', buy Nvidia stock into earnings: EvercoreBlackwell concerns 'overdone', buy Nvidia stock into earnings: Evercore
Source: Investingcom - 🏆 450. / 53 Read more »

Buy this chip stock into the upcoming earnings report: EvercoreBuy this chip stock into the upcoming earnings report: Evercore
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors. U.S. futures fell, while oil prices were higher. The S&P 500 fell 0.2% Wednesday, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%. The Dow managed a gain of 38 points, or 0.1%.
Source: AP - 🏆 728. / 51 Read more »