For Immediate Release
Chicago, IL – October 29, 2026 – Stocks in this week’s article are Seagate Technology Holdings plc STX and Valero Energy Corp. VLO.
Seagate & One Momentum Stock to Buy Now for Big Upside
Investors seeking to maximize returns in October may benefit from considering high-momentum stocks. To identify stocks with strong upside potential, investors can adopt Richard Driehaus’ “buy high and sell higher” strategy, a momentum-driven investment philosophy he famously championed, which helped him earn recognition on Barron’s All-Century Team.
Following Richard Driehaus’s momentum-investing philosophy, Seagate Technology Holdings plc and Valero Energy Corp. stand out as leading momentum stock picks, offering attractive entry points at current price levels.
How the Driehaus Momentum Approach Uncovers High-Potential Stocks
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 50-day moving average one of the key criteria when creating a portfolio aligned with Driehaus’ philosophy.
The strategy calculates momentum 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 also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading above its 50-day moving average, signaling 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 prioritized in this strategy, which was designed to deliver better long-term returns.
Here are two of the 15 stocks:
Seagate Technology
Seagate Technology provides data storage solutions across the United States, Singapore, the Netherlands and global markets. It has a Momentum Score of A. The trailing four-quarter earnings surprise for STX is 12.4%, on average. The company’s expected earnings growth rate for the current year is 135.7% (read more: Should You Buy, Hold, or Sell Seagate Stock Ahead of Q1 Earnings?)
Valero Energy
Valero Energy produces and sells petroleum-based and low-carbon fuels and petrochemical products across North America, Europe, Latin America and global markets. It has a Momentum Score of A. The trailing four-quarter earnings surprise for VLO is 23.9% on average. The company’s expected earnings growth rate for the current year is 411%.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/3016421/seagate-and-one-momentum-stock-to-buy-now-for-big-upside
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Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report
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Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
