Momentum trading operates on the principle that strong stocks will continue their upward trajectory while weak stocks will keep declining. Therefore, I present the following momentum stocks, which could be solid buys now. These stocks are currently trading above their 50-day and 200-day moving averages. Hence, as the market anticipates the Federal Reserve will cut interest rates, this might be the time to…
The agriculture market is expected to experience growth due to shifting consumer preferences toward healthier and diverse diets. Moreover, rising population growth and evolving dietary habits are expected to augment the growth in the agriculture industry. Given the industry’s bright prospects, it could be wise to invest in these fundamentally strong agriculture stocks amid rising food prices. This post originally…
Mortgage REIT stocks have strong growth prospects, driven by potential favorable market conditions, strong demand for mortgage-backed securities, and attractive dividend yields. Investors looking for exposure to the real estate and mortgage markets may find them an appealing investment option. Therefore, investors could consider buying these fundamentally strong REIT stocks with solid growth prospects. This post originally appeared at StockNews.com.
The energy sector shows promise due to geopolitical tensions and increasing energy needs from transportation, urbanization, and industrialization. Despite high interest rates and rising U.S. production, deep oil output cuts are expected in 2025 to stabilize the market. Additionally, anticipated Fed’s interest rate cuts in September are likely to stimulate economic activity and boost oil demand. Amid this backdrop, investors could consider…
Thanks to Artificial Intelligence (AI), which is spreading like wildfire, and the increasing global dependence on technology, the technology sector is off to a strong start in 2024. The Nasdaq-100 Technology Sector Index has risen nearly 10% year-to-date and 37% over the past year. As a result, the time looks ripe to invest in these top-performing tech ETFs, which are…
Gold has experienced a considerable surge in its value recently. The yellow metal rose past $2,400 per ounce, setting a new record, driven by safe-haven demand, central bank purchases, growing anticipation of interest rate cuts by the Fed, and ongoing geopolitical tensions. Given the industry’s shiny prospects, investors could consider buying these three fundamentally sound gold stocks for exciting returns in…
The oil and gas sector prospects appear promising, owing to the heightened geopolitical tensions, anticipated output cuts, and rising demand for crude oil and natural gas. Amid this backdrop, investors could consider buying these fundamentally strong oil and gas stocks. Before diving deeper into the fundamentals of these stocks, let’s discuss what’s shaping the oil and gas industry’s prospects. This…
The global tech industry thrives thanks to widespread automation, substantial investments in digitization initiatives, and the integration of advanced technologies like Generative AI. With devices becoming more intelligent and automated, and consumer preferences evolving, the tech industry is experiencing rapid growth. Given the industry’s solid growth prospects, investors could consider buying these fundamentally strong tech stocks for the long-term. This…
The growing foothold of personalized medicine and an increasing number of orphan drug formulations are opening new avenues for biotechnology applications and are driving the influx of emerging and innovative biotechnology companies, further boosting market revenue. Given the growing demand for innovative medical solutions, higher R&D initiatives, and rising investments in biopharma, the biotech industry is thriving. Given the backdrop, it could…
The energy sector’s future underscores its pivotal role in human development, where renewable energy growth is expected to complement the persistent reliability on oil and gas, anticipated to meet over half of the global energy requirement by 2050. Furthermore, the incorporation of advanced technology in the oil and gas industry, vital for modernization and efficiency, could keep the industry resilient.…