With the markets trading at near record levels, everyone is looking for stocks that have both performed well in recent months, and have the potential to build on their recent gains moving forward.
Valuations are becoming a concern for investors, as the recent bull market has pushed stock valuations a bit high, but recent tax reform, and overall strength in the overall economy should help companies continue to grow profits, and allow stocks to continue moving in the right direction.
With the market near its highs, most stocks are showing strong technical trends, but in order to find stocks with the greatest chances of additional gains, you need to make sure that the underlying fundamentals support future growth and appreciation.
The new stock screening tool from InvestorsObserver, The Stock Score Report, is valuable because it takes into consideration not only short and long term technical trends, but also the underlying fundamentals. If a stock can score high both technically and fundamentally, it has a much higher chance of continuing to trend higher and build on any recent gains.
Here are five hot stocks that have what it takes to move higher in the months ahead.