Analysts at Bank of America screened for "triple momentum" stocks based on their momentum in three areas: earnings, price and positive news.
Price momentum concerns market sentiment, while news momentum refers to media coverage and corporate news releases.
In health care, the top-performing "triple momentum" stocks are drug company Novo Nordisk , medical equipment firm Boston Scientific and robotics manufacturer Intuitive Surgical .
For software, it picked Workday and Oracle as among the names with the "most positive" momentum across the three measures.
"We screen for Triple Momentum stocks with above-average Earnings Momentum, above-average Price Momentum, top quintile by News Momentum, and above-average one-month change in News Momentum," BofA's analysts said.
Persons:
BofA, Vinci, Safran, Berkshire Hathaway, — CNBC's Michael Bloom
Organizations:
Bank of America, Triple, Novo Nordisk, Boston Scientific, Netflix, Semiconductor, ON Semiconductor, AMD, Lam Research, Oracle, Triple Momentum, News Momentum
Locations:
industrials, BofA