Richard Driehaus has been recognized on Barron’s All-Century Team for his “buy high and sell higher” investment strategy, particularly focusing on momentum stocks. Notably, three of the “magnificent 7” stocks—NVIDIA Corporation (NVDA), Meta Platforms, Inc. (META), and Amazon.com, Inc. (AMZN)—are currently recommended for monitoring using this strategy.
The Driehaus strategy emphasizes investing in stocks that are on the rise rather than those in decline, with key criteria including a positive percentage 50-day moving average and strong earnings growth. Stocks selected must have a Zacks Rank of #1 (Strong Buy), #2 (Buy), or #3 (Hold), and display a Momentum Score of A or B, narrowing the stock universe from over 7,743 to just 13.
As for the highlighted stocks, NVIDIA holds a Zacks Rank of 3 with a trailing four-quarter earnings surprise of 3.6%. Meta also has a Zacks Rank of 3 and an impressive average earnings surprise of 20.5%, while Amazon maintains a Zacks Rank of 3 with a 23% average earnings surprise.
