These five stocks are likely to move higher

In recent months we have been keeping a close watch on the Stock Score Report screening tool created by InvestorsObserver, and we have consistently been able to find some big winners in the screener.

The screener uses a unique approach of combining both technical and fundamental scores when ranking the overall stock universe, an approach that we liked from the start. Investors tend to fall into one of two camps, either technical or fundamental traders, so being able to use a tool that combines both provides a necessary balance when looking for stocks to add to our portfolios.

Strong technical scores indicate recent and long-term stock strength, and if you can combine that strength with solid underlying fundamentals you are able to build a group of stocks that have what it takes to move higher.

The market has been rather volatile in 2018, and while the major indexes appear to have found some level of support during earnings season, the results have not been strong enough for the overall stock universe to really make a charge higher, and there are still plenty of unknowns that are likely to keep investors worried.

Rising interest rates, a new tax code, inflation, risks of an all-out trade war with China, and most recently President Trump’s decision to pull the U.S. out of the Iran nuclear deal are all building uncertainty in the future of the market.

While some investors will opt to sit on the sidelines will things work themselves out, you should always try to keep some capital working in the market, and those stocks that have been top performers and have strong underlying fundamentals are great stocks to consider.

Here are five stocks that rank high and are likely to build on recent gains.

Michael Fowlkes

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

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