Heading into August 2026, the S&P 500 seems to be experiencing a sluggish summer, although the market remains up about 8% year to date (YTD). This is despite a protracted sell-off in the AI industry that has rattled some of the biggest gainers this year. However, there are still opportunities for momentum plays for investors willing to dig a bit deeper.
Stocks with rallies of 70% YTD or better are still available, but investors will want to know whether that momentum is likely to continue as they look ahead to the final quarter of the year.