- Businesses set to benefit from infrastructure and environmental sustainability trends rank well
- Some seemingly crowded trades still have momentum
- Several shares have momentum but are yet to be priced on stretched multiples of earnings
Investors in expensive shares have two main causes to worry right now. Firstly, there is the prospect of central banks tightening the monetary policy taps, albeit cautiously. Second there is the constant threat that the Covid-19 pandemic has further stings in its depressingly long tail.
Still, many of the companies that investors are backing to do well as the world builds back are still matching their share price momentum with earnings upgrade momentum. Plant and equipment rental business Ashtead (AHT) still passes all our Great Expectations tests, as does specialist waterpipe and climate management solutions company Genuit (GEN). Waste management and recycling company Biffa (BIFF) also scores 8/8 against the screen.