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Zacks.com featured highlights include Coca Cola Femsa, Toll Brothers and NVIDIA
Zacks.com featured highlights include Coca Cola Femsa, Toll Brothers and NVIDIA
About this update from Coca-cola Femsa Sab De Cv Units Cons Of 5 Shs -l- + 3 Shs Series -b-
For Immediate ReleaseChicago, IL – September 5, 2023 – Stocks in this week’s article are Coca Cola Femsa KOF, Toll Brothers TOL and NVIDIA NVDA.3 Must-Buy Momentum Stocks Using the Driehaus StrategyFor 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 StrategyRegarding 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.It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.Here are three of the 21 stocks:Coca Cola Femsa produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City. KOF has a Momentum Score of B. The trailing four-quarter earnings surprise for KOF is 21.1%, on average.Toll Brothers builds single-family detached and attached home communities. TOL has a Momentum Score of A. The trailing four-quarter earnings surprise for TOL is 31.4%, on average.NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. N...