Despite a strong stock market performance last week, a sluggish economic growth rate in the third quarter, ongoing supply chain disruptions, high inflation, and a potential tightening of U.S. monetary policy will likely sustain investors’ concerns. In this context, it might be wise to place your bets on momentum stocks China Shenhua Energy Company, Canadian Natural Resources, and Mueller Industries (NYSE :). These companies’ shares have gained momentum over recent months and are likely to continue that trend in the short term. So, let’s discuss.The major stock indexes closed at record highs on Friday despite weak third-quarter earnings reports from big technology companies. The good news is that the Wells Fargo After a strong year-end rally, the Securities Head of Equity Strategy expects Wall Street will experience a loss in 2022. The Fed’s plans to tighten its monetary policy, a slow economic growth rate in the third quarter due to a deceleration in consumer spending and residential investment, and continued supply chain bottlenecks could lead to significant market volatility in the near term.

The Commerce Department also reported Friday that the annual inflation rate rose at an unprecedented pace during September, despite personal income falling. Investors are responding to this threat of inflation by adjusting their investments. We believe that it is wise to choose stocks that are able to maintain momentum, regardless of volatility in the market.

China Shenhua Energy Company Limited(CSUAY), Canadian Natural Resources Limiteds (CNQ) and Mueller Industries, Inc., (MLI) are ideal investments right now. These stocks have demonstrated solid momentum over recent months that they can expect to continue in the short term. These stocks have an overall Strong Buy rating as well as an A-grade for Momentum according to our POWR Ratings.

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