Shares on Wall Road are rallying, with the S&P 500 hitting a collection of latest report highs just lately.
Figuring out strong-buy momentum shares with strong progress prospects turns into paramount within the present atmosphere.
As such, I used the Investing.com ‘Momentum Masters’ inventory screener to seek out profitable shares with sturdy upside forward.
You possibly can make the most of the screener to select high-potential shares too. Get began at no cost by accessing the brand new Investing.com screener right here!
Because the extends its rally to new report highs above the 5,700-level, figuring out momentum shares with strong progress prospects is essential for traders seeking to capitalize on upward traits.
Supply: Investing.com
Utilizing the ‘Momentum Masters’ pre-set inventory screener on Investing.com, which tracks shares with spectacular latest worth efficiency and excessive buying and selling volumes, two sturdy candidates stand out: Palantir Applied sciences (NYSE:), and Newmont Goldcorp (NYSE:).
Supply: Investing.com
Each firms have seen their inventory costs surge to or close to all-time highs, considerably outperforming the broader market in latest weeks. Right here’s why Palantir and Newmont Goldcorp are price contemplating on your portfolio.
1. Palantir
2024 12 months-To-Date: +114.9%
Market Cap: $82.7 Billion
Palantir Applied sciences, a number one information analytics firm that was simply added to the benchmark S&P 500 index, has emerged as one of many hottest shares available in the market, fueled by its increasing AI-driven software program options.
PLTR inventory was buying and selling at $36.90 as of Wednesday morning, a tad under a latest 52-week excessive of $38.19 reached on September 23.
Shares have gained 115% year-to-date. At present ranges, the Denver, Colorado-based big-data agency has a market cap of $82.7 billion.
Supply: Investing.com
The latest surge in Palantir’s inventory could be attributed to a number of components:
AI Management: Palantir’s suite of AI-powered software program options has positioned it as a frontrunner within the ongoing AI growth. The corporate’s Foundry and Gotham platforms present mission-critical analytics to each industrial and authorities purchasers, and its ongoing improvements…..
