4 Momentum Stocks With More Room to Run - TheStreet

4 Momentum Stocks With More Room to Run

The stocks are flying but it's not to late to jump into Encana, Commercial Metals, NVIDIA and Annaly Capital, said Invesco portfolio manager Donna Wilson.
Author:
Publish date:

Stabilization in the oil market has pushed Encana (ECA) - Get Report above $10 a share, or more than triple its late February low of $3. Donna Wilson, portfolio manager at Invesco Quantitative Strategies, said investors in the Canadian oil producer could still hit a gusher even after this impressive run higher. Wilson is also bullish on Commercial Metals (CMC) - Get Report , up 21% year-to-date, saying the steel producer is benefitting from increased infrastructure spending in the Sunbelt. Graphics chipmaker NVIDIA (NVDA) - Get Report is another one of Wilson's top picks. She said the semiconductor company has a lock on the gaming industry and has a "terrific cash flow." Finally, Wilson is a fan of Annaly Capital (NLY) - Get Report , up 23% thus far in 2016, saying the mortgage REIT offers a 10% dividend yield and its portfolio is being diversified with the addition of commercial mortgages.