When looking for short term stock opportunities, investors should consider recent returns as one way to ride the momentum. Looking at 1-month turns is a perfect example. The S&P 500, represented by the SPDR 500 ETF (SPY) is up 3.5% over the last month as of yesterday’s close. That’s not a bad return, but many stocks have generated massive gains over the same time period…
For this article’s purposes, I decided to look for a minimum of 100% return over the last four weeks. I then narrowed the list for stocks with either a Strong Buy or a Buy in our POWR Ratings system. Here are two stocks that have returned over 100% the past four weeks.
Workhorse Group (WKHS)
WKHS designs, develop, manufactures, and sells high-performance, medium-duty trucks. The company’s products include trucks comprising a powertrain and chassis. WKHS has established a business relationship with United Parcel Service (UPS) and the U.S. Postal Service. The stock is up a whopping 308.47% over the past month.
The company recently reported certification for its electric delivery trucks. That news sent WKHS up almost 2% for the day. The approval came from the California Air Resources Board (CARB), which means CARB recognizes its electric delivery trucks as zero-emissions vehicles in California. WKHS is now closer to joining the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). When it does, it will be eligible for monetary vouchers. This will reduce the total cost of a vehicle for a customer.
WKHS expects 557% sales growth next year. The stock is also a…
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