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Roth MKM analysts listed tactical buy-rated stocks within the iShares MSCI USA Momentum Factor ETF (BATS:MTUM).
The index is up 21.50% year-to-date, and up 6.30% from a month ago.
JC O’Hara, Chief Market Technician, said that “an easy and simplistic way to tell if we are in a ‘Momentum Market’ is gauging the performance of the momentum ETF (MTUM), versus the market.”
Over the last year, the index (MTUM) has rallied 39.4% compared to the S&P 500 (SP500) at 26%. This outperformance, O’Hara said, suggests “sticking with momentum into the summer makes tactical sense.”
These are the tactical buys he recommends within the benchmark:
- The Allstate Corp. (ALL)
- Advanced Micro Devices Inc. (AMD)
- Arista Networks Inc. (ANET)
- Apollo Global Management Inc. (APO)
- AppLovin Corp. (APP)
- Broadcom Inc. (AVGO)
- Booking Holdings Inc. (BKNG)
- Coinbase Global Inc. (COIN)
- Deckers Outdoor Corp. (DECK)
- Fair Isaac Corp. (FICO)
- GE Vernova Inc. (GEV)
- W.W. Grainger Inc. (GWW)
- Hubbell Inc. (HUBB)
- Intuitive Surgical Inc. (ISRG)
- Lennox International Inc. (LII)
- Microsoft Corp. (MSFT)
- Nvidia Corp. (NVDA)
- News Corp. (NWSA)
- Owens Corning (OC)
- Palo Alto Networks Inc. (PANW)
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