While the equity markets are trading near all-time highs, the rally is still primarily being driven by Big Tech companies, such as Nvidia (NVDA), Microsoft (MSFT), and Amazon (AMZN). This suggests that companies across multiple sectors may still have significant upside potential, especially if interest rates are lowered and inflation is brought under control in the next 12 months.
Chris Senyek, the chief investment strategist at Wolfe Research, has identified 34 momentum stocks in the S&P 500 Index ($SPX) that have seen at least a 5% hike in EPS revisions since the start of Q2.
