LivePerson (LPSN) is a customer-service technology company that is currently experiencing significant price momentum. The stock has gained 33.8% over the past four weeks and 58.5% over the past 12 weeks. Its fast-paced momentum, indicated by a beta of 1.73, makes it a strong candidate for investors looking to capitalize on momentum stocks. Additionally, LPSN’s attractive valuation, with a Price-to-Sales ratio of 0.26, makes it a compelling investment opportunity.
Angi (ANGI) is a digital marketplace for home services that is experiencing strong momentum, with a recent price increase and positive earnings estimate revisions. Despite this growth, the stock remains attractively priced, making it a compelling investment opportunity.
TransAct Technologies (TACT) is a momentum stock with a strong track record of price appreciation and a favorable valuation. With a recent four-week price change of 9.9% and a 12-week gain of 17.1%, TACT has demonstrated its ability to outperform the market. The stock’s fast-paced momentum is further supported by a beta of 1.72, indicating a high sensitivity to market movements. Furthermore, TACT boasts a Zacks Rank #1 (Strong Buy) and a Momentum Score of A, suggesting a high probability of success for investors entering the stock now.
Gold’s recent surge has pushed it to extreme overbought levels against all major fiat currencies, signaling a potential price peak. However, factors like speculator skepticism and a probable shift in fundamentals suggest that this extreme may not mark the end of the cyclical gold rally.
InvestingPro+ offers a revolutionary tool for investors – the Stocks on the Rise screener. This powerful tool identifies stocks exhibiting strong upward momentum across various time frames, providing investors with lucrative opportunities. Momentum investing, a strategy capitalizing on the tendency of stocks to continue their recent performance trends, offers potential advantages such as higher returns, trend confirmation, and improved risk management. With InvestingPro+ and its intuitive screener, uncovering momentum stocks has become effortless, empowering investors to identify stocks with strong upside potential and enhance their investment strategies.
