Zacks.com highlights include Carvana, Marvell Technology, and Coinbase Global

Chicago, IL – December 26, 2024 – The stocks featured in this week’s article are Carvana Co. CVNA, Marvell Technology, Inc. MRVL and Coinbase Global, Inc. COIN.

Broader U.S. stock markets experienced significant volatility in recent trading days as concerns over Federal Reserve interest rate cuts amid stubborn inflation took center stage. However, the November reading of the private consumption expenditure price index, which rose 2.4% year-on-year, provided some comfort as it fell slightly short of consensus expectations. That helped ease some of the bearish sentiment and helped stocks recover from a volatile last week that saw their longest losing streak since the 1970s.

Although investors are waiting for a “Santa Claus” rally to end the year on a high, markets have started the holiday week subdued. Amid uncertainty, investors often seek to employ proven winning strategies to generate sustainable profits. One of the most successful game plans to beat the Blues is to bet on momentum stocks Carvana Co., Marvell Technology, Inc. And Coinbase Global, Inc.when value or growth investments do not produce the desired profits.

This approach primarily follows the saying “The trend is your friend.” At its core, momentum investing is “buying at a high price and selling at a higher price.” It is based on the idea that once a stock has established a trend, it is more likely to continue in that direction because of the momentum already behind it. Momentum investing is a way to capitalize on the general human tendency to project current trends into the future. It is based on this period of time before mean reversion occurs, i.e. before prices become rational again.

Momentum strategies are known to generate alpha over long periods of time and across all market phases. Therefore, implementing this strategy is quite difficult as identifying these trends is not a piece of cake. Here we have developed a strategy that helps investors get into these fast-moving stocks and reap handsome profits. Our screen will help you profit from both long-term price momentum and a short-term price drop.

Here are three of the nine stocks that made it through this screen:

Headquartered in Phoenix, AZ, Carvana is a leading e-commerce platform for buying and selling used cars. Carvana’s end-to-end online business model covers all aspects of used car trading – including sales, financing, logistics, inspection and repair centers, and software development – and has transformed traditional used car sales in several ways. The stock is up 306.6% over the past year but has fallen 13% over the past week. Carvana has a Momentum Score of A.

Based in Wilmington, DE Marvell is a fabless designer, developer and marketer of integrated circuits for analog, mixed-signal and digital signal processing. The company operates in Bermuda, China, Germany, Japan, Korea, Taiwan, the United Kingdom and the United States. The stock has gained 88.8% over the past year but has fallen 8.8% over the past week. Marvell has a Momentum Score of A.

Founded in 2012, Coinbase is an American listed company that operates a cryptocurrency exchange platform. It is the largest cryptocurrency exchange in the United States in terms of trading volume. The stock is up 52.8% over the past year but has fallen 15% over the past week. Coinbase has a Momentum Score of B.

You can get the rest of the stocks on this list by signing up for your two-week free trial of Research Wizard now and using this screen to trade. In addition, you can also create your own strategies and test them first before taking the investment plunge.

The research assistant is a good place to start. It’s easy to use. Everything is in plain text. And it’s very intuitive. Start your Research Wizard trial today. And next time you read an economic report, open the Research Wizard, plug in your finds, and see what gems emerge.

Click here to sign up for a free trial of Research Wizard today.

Find the rest of this Screen of the Week article on Zacks.com at: https://www.zacks.com/stock/news/2387562/3-momentum-anomaly-stocks-to-buy-amid-heightened-volatility

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have shorted securities and/or have long and/or short positions in options mentioned in this material. An affiliated investment advisory firm may own or have shorted securities and/or hold long and/or short positions in options mentioned in this material.

About the screen of the week

Zacks.com developed the first and best screening system on the Internet and was named “No. 1 website for stock screening”. But powerful screening tools are just the beginning. That’s why Zacks created Screen of the Week to highlight profitable stock-picking strategies that investors can actively utilize.

Strong stocks that should be in the news

Many receive little attention and remain under the radar of Wall Street. They are virtually unknown to the general public. But today’s 220 Zacks Rank #1 Strong Buys were generated by the stock-picking system that more than doubled the market from 1988 to 2016. The average increase was an incredible +25% per year. Check out these high potential stocks for free >>.

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Past performance is no guarantee of future results. Every investment carries the potential for losses. This material is provided for informational purposes only and nothing contained herein constitutes investment, legal, accounting or tax advice or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether an investment should be made for you is suitable for certain investors. It should not be assumed that any investment in any security, company, sector or market identified and described has been or will be profitable. All information is current at the time of publication and is subject to change without notice. The views or opinions expressed may not reflect those of the Company as a whole. Zacks Investment Research does not engage in any securities investment banking, market making, or asset management activities. These returns come from hypothetical portfolios consisting of Zacks Rank = 1 stocks that are rebalanced monthly without transaction costs. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance metrics displayed in this press release.

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Zacks.com highlights include Carvana, Marvell Technology, and Coinbase Global

ByAmelia Journalton

By Amelia Journalton

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