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Zacks.com featured highlights include Stride, Brinker International and Arista Networks

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For Immediate Release

Chicago, IL – November 4, 2024 – Stocks in this week’s article are Stride, Inc. (LRN - Free Report) , Brinker International, Inc. (EAT - Free Report) and Arista Networks, Inc. (ANET - Free Report) .

3 Strong Buy Momentum Stocks for November

The November to April period has been good for stocks, with the S&P 500 climbing almost 7% on average and rising a meager 2% from May to October since World War II. November, in itself, has been one of the best-performing months for stocks.

This year will be no different since the Federal Reserve's dovish stance, steady economic growth and solid consumer spending amid a resilient labor market are expected to trounce short-term volatility emerging from the upcoming election.

Thus, investors can take advantage of the current market uptrend by investing in sound momentum stocks and applying Richard Driehaus' investment strategy, better known as the "buy high and sell higher" theory.

To that end, stocks like Stride, Inc., Brinker International, Inc. and Arista Networks, Inc. have been selected as the momentum picks for the day using the Driehaus strategy.

A Detailed Look Into the Driehaus Strategy

Regarding the strategy, Driehaus once said: "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 decline and try to guess when it will turn around." In line with this insight, the American Association of Individual Investors ("AAII") considered the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus' philosophy.

It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.

Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.

Here are three of the 19 stocks:

Stride

Stride offers K-12 education, career services, and a middle and high school curriculum. LRN has a Momentum Score of B. The trailing four-quarter earnings surprise for LRN is 100.8%, on average.

Brinker International

Brinker International owns, operates, and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurants. EAT has a Momentum Score of B. The trailing four-quarter earnings surprise for EAT is 12.1%, on average.

Arista Networks

Arista Networks provides cloud networking solutions for data centers and cloud computing. ANET has a Momentum Score of B. The trailing four-quarter earnings surprise for ANET is 15%, on average.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2362467/3-strong-buy-momentum-stocks-for-november

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


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Brinker International, Inc. (EAT) - free report >>

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Arista Networks, Inc. (ANET) - free report >>

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