On a day in which the S&P 500 lost nearly 3% of its value, Hamilton Beach Brands (HBB) stock jumped more than 28% Monday. As a result of the significant move, HBB entered Barchart’s Top 100 Stocks to Buy in the 52nd position.
With a weighted alpha of 103.38, its near-term momentum still trails its 52-week return of 139.46%. While it might seem like it’s too late to buy the maker of household and specialty housewares appliances’ stock, here’s why you might want to think twice about passing on HBB.
