US Momentum Stocks List: Top Picks for 2023

Are you looking to capitalize on the upward trend of the stock market? If so, you might want to consider investing in US momentum stocks. These are companies that have shown a significant increase in price and are expected to continue rising. In this article, we will discuss the top US momentum stocks to watch in 2023.

Understanding Momentum Stocks

Momentum stocks are those that have seen a rapid increase in price over a short period. These stocks are often in high demand due to their strong performance, and investors often buy them in the hope that their value will continue to rise.

Top US Momentum Stocks to Watch in 2023

1. Tesla, Inc. (TSLA)

   • Why it’s a momentum stock: Tesla has been at the forefront of the electric vehicle revolution, and its stock has seen significant growth over the past few years.
   • Recent performance: In the past year, TSLA has seen a 50% increase in its stock price.

2. NVIDIA Corporation (NVDA)

   • Why it’s a momentum stock: NVIDIA is a leading manufacturer of graphics processing units (GPUs) and has seen a surge in demand due to the rise of cloud computing and artificial intelligence.
   • Recent performance: NVDA has seen a 40% increase in its stock price over the past year.

3. Adobe Inc. (ADBE)

   • Why it’s a momentum stock: Adobe is a leader in digital marketing and creative software solutions, and its stock has been on the rise due to increasing demand for its products.
   • Recent performance: ADBE has seen a 30% increase in its stock price over the past year.

4. Shopify Inc. (SHOP)

   • Why it’s a momentum stock: Shopify is a leading e-commerce platform, and its stock has seen significant growth due to the rise of online shopping.
   • Recent performance: SHOP has seen a 45% increase in its stock price over the past year.

5. Intuit Inc. (INTU)

   
   

   • Why it’s a momentum stock: Intuit is a provider of financial management and tax preparation software, and its stock has been on the rise due to increasing demand for its products.
   • Recent performance: INTU has seen a 25% increase in its stock price over the past year.

Case Study: NVIDIA Corporation (NVDA)

Let’s take a closer look at NVIDIA Corporation (NVDA) as a case study. NVDA has been a leader in the GPU market, and its stock has seen significant growth due to the rise of cloud computing and artificial intelligence. In the past year, NVDA has seen a 40% increase in its stock price, which is a testament to its strong performance and potential for future growth.

Conclusion

Investing in momentum stocks can be a great way to capitalize on the upward trend of the stock market. However, it’s important to do your research and understand the risks involved. The stocks mentioned in this article are just a starting point, and you should consult with a financial advisor before making any investment decisions.