Everyone would like to own Microsoft stock at 1985 share prices with 1995 fundamentals. Investment newsletters mention small cap stocks and often talk about fundamentals. The companies mentioned usually don't have sound fundamentals which implies risk. Some newsletters are great at uncovering overlooked promising growth stocks, just don't be fooled by talk about fundamentals. What they usually refer to as fundamentals are expectations and buying momentum.
Momentum trading is a technical term for determining worthy stocks based on the action.
Momentum trading assumes the market action of a stock is indicating something shareholders need to know. It assumes the market is the truth teller of a stocks real value. If a stock is moving up or down on big volume a momentum trader does not wait for news, to buy or sell. We have seen many stocks with a supposedly great business story go nowhere because nobody cared. Every speculator has owned a few of these stocks.