When I review the market at the end of each day, I see a general trend up as the bull market continues to forge ahead. But when I look at my individual holdings, I see much greater variation. Some holdings have gains, others have losses and still, others barely treaded water for the day. This tells me that the market is all about momentum stocks now.
What are momentum stocks? They are hot stocks that are trending higher and have the consensus opinion and business model behind them to continue going higher. As more investors become aware of these stocks, the share prices will only continue to rise.
So in this post, I’m sharing with you 4 momentum stocks that can make you a decent amount of money, assuming you get in now.
4 Momentum Stocks You Need To Buy Now
#1. Weight Watchers (NYSE: WTW)
Weight Watchers stock has been a lot like many dieters weight loss journeys. Good progress followed by times of falling off the wagon. Earlier this year, Weight Watchers was trading for under $10 a share and if I had known then what I know now, I would have added it to my hot stocks under $10 column.
But Weight Watchers is no longer a cheap stock in terms of price alone. It is now purely one of the momentum stocks.
The company hired the former HSN CEO, Mindy Grossman, and the stock hasn’t looked back.
In their recent earnings report, earnings per share came in at $0.64, beating estimates by $0.16. Revenues were up 10%, beating estimates by $12 million.
With Grossman and Oprah on board, Weight Watchers has a lot of growth and prosperity left in it if you get in now.
#2. Stamps.com (NASDAQ: STMP)
Of all of the IPOs to come about during the dot com boom, who would have imagined that Stamps.com would not only be standing once the dust settled, but would also be a thriving business?
The company has made some very smart acquisitions over the years and with the explosion of e-commerce, the stock is only going to keep rising.
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