MU, LRCX and KLAC stand out as momentum stocks resurface, even as a tech rout and crypto slump rattle broader U.S. equity markets.
Source: https://www.zacks.com/stock/news/2835817/3-momentum-anomaly-…
Lululemon shares are up more than 20% over the past month, the 11th best performance in the S&P 500.
Analysts at JP Morgan retain AngloGold Ashanti Limited (ADR) (NYSE:AU) and Fresnillo PLC (LSE:FRES) as top picks, citing “strong mark-to-market upgrades”, as the bank also lifted its long-term gold price assumption to $4,500 an ounce. These miners offer investors additional potential for cash returns, and scope for re-ratings relative to peers, the bank said in a note.
Relaxed capital requirements will give the banks more capital to lend and generate profits. Banks may also use some of the additional capital to buy back shares and issue dividends.
