ENPH - The trend is your friend -- what worked in June
Artur/iStock via Getty ImagesStudies have shown that one of the best predictors of stock price performance is recent performance. In other words, what worked recently is most likely to keep working. So: What worked in June?By style: Piling into aspects of the value strategy and fundamentals again paid dividends in June, after doing so in May and in March. Stocks that screened strongly on a capital efficiency and earnings quality closely followed the leader -- in this case stocks with strong current asset to price ratios. Should you anticipate what recently worked to continue to work, here’s a screen for the stocks with”A" or greater quant grades for value.Using only ETFs to measure factor performance, however, Growth (IUSG) led, up 5% after being among the worst in May, followed by Quality (QUAL) up 3% and Momentum (MTUM) up around 2%, following it's designation as the worst performing last month. The worst performing in June,
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The trend is your friend -- what worked in June