3 Red-Hot Stocks to Add to Your Watch List

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Consequently, the stock market is expected to remain volatile. Against this backdrop, stocks that have gained momentum lately could be appropriate bets because their momentum is expected to continue irrespective of market volatility. Investors’ interest in the momentum stocks is evident in the iShares MSCI USA Momentum Factor ETF’s (MTUM) and the Invesco DWA Momentum ETF’s (PDP) 3% and 4.6% gains, respectively, over the past month. This compares to the SPDR S&P 500 Trust ETF’s (SPY) 1.9% returns.

EOG Resources, Inc. (EOG), Canadian Natural Resources Limited (CNQ), and Generac Holdings Inc. (NYSE:GNRC) have generated solid momentum and we think that their fundamental strength should help them to continue rallying, dodging the market’s volatility. So, it would be wise to bet on them now.

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