Investors are turning to momentum stocks like Carvana, Marvell, and Coinbase amid market volatility.

From Nasdaq

December 24, 2024 10:14:00 AM:

The U.S. equity markets have been volatile due to concerns about interest rate cuts and inflation. Personal consumption expenditures increased 2.4% year over year, slightly below expectations, easing some bearishness. Investors are looking at momentum stocks like Carvana Co., Marvell Technology, and Coinbase Global to generate profits during uncertain times.

Momentum investing involves buying high and selling higher based on trends continuing. This strategy can be alpha-generative over time, but requires skill to detect trends. By following specific screening parameters like top price change over 52 weeks and Zacks Rank #1 stocks, investors can identify opportunities in fast-moving stocks.

Carvana, Marvell, and Coinbase are examples of momentum stocks that have shown significant price changes over the past year. Carvana focuses on online used car sales, Marvell designs integrated circuits, and Coinbase operates a cryptocurrency exchange platform. These stocks have exhibited momentum and are worth considering for investment opportunities.

Read more at Nasdaq: 3 Momentum Anomaly Stocks to Buy Amid Heightened Volatility