5 Easy Money Stocks to Buy (BERY, LDOS, NVDA, HD, OMI)

As investors eagerly awaited the release of the Fed minutes Thursday in search of any clues they might hold, I scoured websites, stock screens and charts, looking for my next idea.

While it may always feel like “This time is different” I subscribe to a different philosophy altogether. “The trend is your friend, until it ends.” It’s something I follow in all parts of my life, not just investing. Although I usually put it a different way when I’m not talking about stocks, futures or forex.

I say, “If it ain’t broke, don’t fix it.”

One thing that certainly “ain’t broke” is using the Zacks Rank and Momentum Style Score to find great stock ideas to buy.

The Zacks Rank methodology has proved itself since 1988 returning 26% per year since then. Not to mention all the winners we’ve found over the last several weeks by screening for stocks that are Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), with Momentum Style Scores of “A” or “B” that are within a few percentage points of their 52-week highs.

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That’s exactly what I’m going to do here.

I’m going to find us the next set of gems to lead the market higher.

These are stocks that also have seen an uptick in volume and are poised to be the next runaway breakout stocks to buy.

Easy Money Stocks to Buy: Berry Plastics (BERY)

Berry Plastics (BERY) manufactures and distributes plastic consumer packaging and engineered materials in North America and internationally. The company operates through four segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.

Berry shares have been approaching their 52-week high from a base near $28.50. Shares are well above the 21-day moving average that’s sitting down near $33.60. A thick band of volume near $34.50 should provide support to the downside.

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Easy Money Stocks to Buy: Leidos Holdings (LDOS)

Leidos Holdings (LDOS) an applied technology company, delivers solutions and services in the national security, health, and engineering markets in the United States and internationally. The company’s National Security Solutions segment offers solutions and systems for air, land, sea, space, and cyberspace for the U.S. intelligence community, the U.S. department of defense, military services, the U.S. department of homeland security, and government agencies of U.S. allies abroad.

Shares of LDOS leapfrogged the 21-day moving average in early October. Since then they haven’t looked back, approaching $55. The bottom end of the range providing support sits near $53. Chasing the breakout here is probably a high risk trade but a stop could be placed just below support there.

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Easy Money Stocks to Buy: NVIDIA (NVDA)

Nvidia (NVDA) operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors. Its products are used in gaming, enterprise, high performance computing and cloud, and automotive markets. The company sells its products primarily to original equipment manufacturers, original design manufacturers, system builders, motherboard manufacturers, add-in board manufacturers, and retailers/distributors.

Nvidia shares broke out from the top end of the range at $22.50 and pushed up another 50% from September through October. Support is at the bottom end of the earnings gap just below $30. Below that, a two week consolidation period during October provides more support.

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Easy Money Stocks to Buy: Home Depot (HD)

Home Depot (HD) operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.

Home Depot has had a slow and steady rally for nearly two years. In retrospect, the August dip was a fantastic buying opportunity as shares got down to $92. That’s over 30% away right now. The top end of the August peak was resistance before but now should provide support on the way down.

Click “FOLLOW THE AUTHOR” for free stock picks!!! And Twitter @bartosiastics

Easy Money Stocks to Buy: Owens & Minor (OMI)

Owens & Minor (OMI) together with its subsidiaries, operates as a healthcare logistics company. It operates through two segments, Domestic and International. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices. Its service portfolio consists of procurement, inventory management, delivery, and sourcing for the healthcare market.

Owens & Minor shares broke out from the February highs in late October. That $36 level should be solid support if shares of OMI comes down from this latest move higher. Fresh 52-week highs are being hit nearly every day. Lots of momentum behind this one.

Click “FOLLOW THE AUTHOR” for free stock picks!!! And Twitter @bartosiastics

The Bottom Line on 5 Easy Money Stocks to Buy

Again, “if it ain’t broke, don’t fix it.” We don’t have to reinvent the wheel every time we’re looking for a stock to buy. All we have to do is go back and apply the same strategy that’s worked time and time again. Becoming a better investor and trader isn’t about coming up with new angles to swing the axe. It’s about sharpening the axe and perfecting the swing. In this case, we lean on the Zacks Rank and stocks that are approaching a breakout.

Be sure to click FOLLOW THE AUTHOR above to stay on top of all the hot momentum stocks at Zacks.com. David Bartosiak is the Momentum Stock Strategist with Zacks, editor of the Momentum Trader and Home Run Investor, and host of “Trending Stocks”

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.

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OWENS & MINOR (OMI): Free Stock Analysis Report

NVIDIA CORP (NVDA): Free Stock Analysis Report

LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report

HOME DEPOT (HD): Free Stock Analysis Report

BERRY PLASTICS (BERY): Free Stock Analysis Report

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