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Momentum stocks to take a breather as Coronavirus fear spreads globally

Momentum-driven stocks such as Gujarat Gas, Relaxo Footwears, Bharti Airtel, and SRF are likely to take a pause as global markets brace for a possible escalation of coronavirus, according to a report from Jefferies. Given that global markets have witnessed a good run over the past six months, the “Wuhan virus” epidemic/coronavirus outbreak may put brakes on their rally, with momentum stocks (stocks that have seen a good run over the past few months) most at risk, while cash/bond-proxies could return in favour over the short-term.   “After strong returns since the Aug.....

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