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Roth MKM analysts have included the tactical stock with a Buy rating in the iShares MSCI USA Momentum Factor ETF (Bats: dead).
The index has increased by 21.50% since the beginning of the year until now, and by 6.30% from last month.
“It's an easy, simple way to find out,” said JC O'Hara, chief market technician If we are in a “momentum market” it measures the performance of the momentum ETF (MTUM) versus the market.”
Over the past year, the index (MTUM) is up 39.4% compared to the S&P 500 (SP500)'s 26%. This outperformance indicates that “holding on to the momentum in the summer makes tactical sense,” O'Hara said.
These are the tactical purchases recommended within the standard:
- Allstate (all)
- Advanced Micro Devices (AMD)
- Arista Networks (ANET)
- Apollo International Management Company (SID)
- Applovin Inc. (APP)
- Broadcom (AVGO)
- Booking Holding Company (BKNG)
- Coinbase International (COIN)
- Deckers Outdoor Company (DECK)
- Fair Isaac Corporation (FICO)
- GE Vernova (GEV)
- WW Grainger Company (GWW)
- Hubbell Corporation (HUBB)
- Intuitive Surgical Corporation (ISRG)
- Lennox International Inc. (LII)
- Microsoft Corporation (MSFT)
- Nvidia Corporation (NVDA)
- News Corp (NWSA)
- Owens Corning (OC)
- Palo Alto Networks Inc. (PANO)