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Three Q3 Winners to Ride in Q4

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When it comes to rooting for professional sports teams, hopping on the bandwagon generally has negative connotations. It can be associated with a lack of ingenuity and a simple-minded herd following.

In stock investing, hopping on the bandwagon can be an effective strategy. In fact, it has its own term—momentum trading. Sometimes yesterday’s winners turn into the winners of tomorrow if lasting catalysts are in place. This can be accelerating financial results, a valuable partnership, or favorable industry dynamics.

U.S. stocks limped to the finish line in September but still eked out a positive return for the third quarter. Yet at the individual stock level there were several stocks that doubled and many more that advanced at least 50%. Here are three of Q3’s top performers that still have room on the bandwagon for a strong Q4 ride.

Affirm Holdings (NASDAQ: AFRM) was one of the best large caps to own last quarter. The stock surged 77% on the backs of a powerful deal with Amazon. Yes, sometimes that’s all it takes. The Amazon name sure carries a lot of weight in the world of e-commerce.

As part of the partnership, Affirm’s ‘buy now, pay later’ (BNPL) technology will be........

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