For Immediate Release
Chicago, IL – December 31, 2019 - Stocks in this week’s article are Boot Barn Holdings, Inc. BOOT, Digi International Inc. DGII, America’s Car-Mart, Inc. CRMT and Target Corp. TGT.
4 Top-Ranked Momentum Picks Using Driehaus Strategy
Richard Herman Driehaus used the "buy high and sell higher" rule to create an investment approach. Investors, who have a high level of risk appetite, may think of using this particular investment strategy. They principally invest in momentum stocks using the Driehaus strategy. The success of this investment approach eventually helped Richard Driehaus make a place in Barron’s All-Century Team.
The American Association of Individual Investors (AAII) proved that the strategy has the potential to offer higher-than-market returns. AAII’s portfolio, which was developed based on the Driehaus strategy, has returned more than 300% since the end of the last bear market compared with 85.5% gains registered by the S&P 500.
A Look at Driehaus’ Strategy
After a detailed study of the Driehaus’ strategy, AAII concluded that it mainly focuses on strong earnings growth rates and impressive prospects to pick potential outperformers. While this strategy was made to provide better returns over the longer haul, companies with a strong history of beating estimates were also given importance.
“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 a decline and try to guess when it will turn around,” Driehaus had said in an interview.
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Digi International Inc. (DGII) : Free Stock Analysis Report
America's Car-Mart, Inc. (CRMT) : Free Stock Analysis Report
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