Zacks.com featured highlights include Coca Cola Femsa, Toll Brothers and NVIDIA
Nasdaq For Immediate Release
Chicago, IL September 5, 2023 Stocks in this weeks article are Coca Cola Femsa KOF, Toll Brothers TOL and NVIDIA NVDA.
3 Must-Buy Momentum Stocks Using the Driehaus Strategy
For picking the best momentum stocks, shrewd investors should apply the Driehaus strategy. It is known as the "buy high and sell higher" theory. Without a doubt, it's a fruitful investment strategy that helped Richard Driehaus make a place in the Barron's All-Century Team.
To that end, stocks like Coca Cola Femsa, Toll Brothers and NVIDIA have been selected as the momentum picks for the day using the Driehaus strategy.
A Detailed Look Into the Driehaus Strategy
Regarding the strategy, Driehaus once said: "I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in decline and try to guess when it will turn around." In line with this insight, the American Association of Individual Investors (AAII) considered the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus' philosophy.
