Tag: Yahoo Finance

These 3 Momentum Stocks Have Room for Further Upside, Says Jefferies

The old adage of ‘buy low, sell high’ is an oft-repeated mantra in investing circles, and it makes sense, too. There are other investing strategies, though, one of which is momentum investing. This tactic involves buying stocks that have already yielded strong returns in the past few months, with the expectation of further returns to come. Though this type of investing can be risky, the justification for the use of it is made by the claim that far more money is made buying high and selling at even higher prices.The pros on the Street don’t appear averse to it, either; Multinational investment firm Jefferies occupies the third spot on TipRanks’ Top Performing Research Firms ranking, so they must know a thing or two about picking winning stocks.The company recently took note of three interesting momentum stocks. All three posted strong returns in 2019, and according to Jefferies, they are set to...