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Checking the odds on momentum shares

Our earnings upgrade screen sifts for momentum shares that could still climb despite uncertainty.
September 28, 2020

People are on tenterhooks, hoping that a rise in coronavirus cases doesn't translate into the level of hospital admissions that will necessitate a new strict lockdown. Most of the companies that score well on our share price and earnings momentum screen have business models that ought to remain fairly resilient. Sporting events are back - but behind closed doors - which has been good news for one of this month's high-ranking companies.

  • Investors seem to have taken a punt on sports events going ahead (albeit with no crowds) judging by the high-ranking Flutter Entertainment (FLTR) has on our share price and earnings upgrade momentum screen. The sports betting company passes 8/8 tests.
  • Stock market darling Games Workshop (GAW) also gets top marks, as does gold miner Centamin (CEY), despite a sharp drop in the gold price last week.
  • Our screen of the Aim market is topped by Ergomed (ERGO) a company at the forefront of research in the fight against Covid-19. Video and mobile game specialist Frontier Developments (FDEV) and another gold miner, Hummingbird Resources (HUM), also pass all the momentum tests.
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