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3 Red-Hot Stocks That Could Continue to Soar

Published 11/16/2021, 09:20 AM
Updated 11/16/2021, 10:31 AM
© Reuters.  3 Red-Hot Stocks That Could Continue to Soar
INFY
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ACN
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AXP
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With stocks continuing to hit new highs, even with threats like inflation hanging over the market, investors should focus on companies that have a higher chance of performance in the future. That's why investors should consider stocks like Accenture PLC (NYSE:ACN), American Express Co. (NYSE:AXP), and Infosys Limited (NYSE:INFY).Even as inflation and a host of other threats have unnerved many investors, stocks continue to hit new record highs. This rally was helped over the past month by a very strong third quarter earnings season. Plus, stocks are still one of the most attractive asset classes right now, with interest rates so low.

Whether the overall momentum of the stock market continues or slows down, we know certain stocks have a higher chance of continuing this upward trend than others. That’s why I look at the Momentum grade in our POWR Ratings system. Stocks with a Momentum Grade of A or B are more likely to see future price gains.

So I ran a screen of stocks in the POWR Ratings with both an Overall grade of A or B, and a Momentum Grade of A or B. Accenture PLC (ACN), American Express Co. (AXP), and Infosys Limited (INFY) are three that ranked high in the results.

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