Let's now take a look at the 15 best short-term stocks to buy now.įor our list below, we have selected price momentum stocks that have posted year-to-date gains above 20% and one-year declines also above 20%. We have added these companies to our list of the best short-term stocks to buy now, considering how momentum stocks seem perfect investments for traders looking for short-term positions. These are some of the companies momentum investors should look at seeing as analysts predict upside potential for all of them, and they are already embarking on an upward price trend. (NASDAQ: AMD ) are posting strong gains in 2023. (NYSE: CRM ), Roblox Corporation (NYSE: RBLX ), and Advanced Micro Devices, Inc. These ETFs lost 2.5% in February, reducing their year-to-date returns to 3.6%.Ĭonsidering the above, stocks like, inc. However, 2023 seems to be a better year for momentum trading as the market has seen a rally already in January. For instance, by October 2022, the market saw the S&P 500 decline by 23.2% year-to-date, while other indexes did not fare much better. In times of market volatility, this form of investing is particularly vulnerable. While momentum trading, if practiced safely, can yield attractive results, it is a strategy that must be implemented carefully. Because of this practice, the Wall Street adage "buy low, sell high" has become a famous saying familiar to all momentum traders. The main trick behind momentum investing, however, is that once even the well-performing stocks have reached what seems to be their peak, a momentum investor would sell those shares too. So once a stock has begun performing either really well or poorly, it's likely to continue performing that way in the near future. It works on the basis of the rationale that once a trend is established, it is likely to continue. This strategy is known as momentum investing. When you're looking for stocks to invest in for the short-term, typically, it is better to buy stocks that have been showing an upward price trend and sell the ones that have had poor returns. To skip our detailed analysis of current stock market dynamics, you can go directly to see the 5 Best Short-Term Stocks To Buy Now. In this article, we will be taking a look at the 15 best short-term stocks to buy now.
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