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5 Ways to Steal Money from the Market…Legally

There are a lot of ways to make money in this market. There are even more ways to lose it. You have to try and avoid the get rich quick schemes, the questionable return numbers, the quirky niche ideas, and look at the big picture. You don’t have to reinvent the wheel to make money.

Look at Warren Buffet for example.

That guy doesn’t reinvent anything, he has a blueprint for success laid out to him by his mentor which he executes to perfection. You don’t have to come up with a secret formula, just steal someone else’s ideas that already work.

Of course I’m being cheeky when I say you should steal someone else’s ideas. Here at Zacks we’ve got some great ideas that have been working for decades. How about to the tune of 26% over since 1988? That’s not a flash in the pan, that’s some steady, solid, serious performance.

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

I’ll let you in on a few of my best ideas here from the vault of yours truly. These are great stock ideas that are Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that I am very bullish on.

Some because they are in great industries and stand to have killer quarters in the coming months, others because I’m in love with their charts and they look to probing higher.

Ways to Steal Money from the Market: Nike (NKE)

The more I talk about Nike (NKE), the more I love it. Sure, I’m an unapologetic sneaker head but you can’t deny the growth here. We’re talking 14% year-over-year revenue growth for a company with a $111 billion market cap. That’s big time numbers for a big time company. Now add wearables to the mix and there’s no wonder why Nike shares have been killing it lately.

Shares have plateaued a bit following a stellar earnings report that’s taken shares from $114 to the $130s. After becoming a bit overbought, with a commodity channel index above 200, the CCI has come down near the zero line. Volumes are steady and shares still trade above the 20-day moving average that sits at $128.67. Still a nice bullish trend here and hopefully a solid floor of support at $130.

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Ways to Steal Money from the Market: Cross Country (CCRN)

Cross Country (CCRN) is the immaculate conception of healthcare and employment services. They are going to report earnings after the bell tomorrow so keep your fingers crossed but they are a Zacks Rank #2 (Buy) heading into the numbers. I’ve had this in one of my portfolio services I run here and I’m as bullish now as I’ve ever been. A bad earnings report by a big stock in a related industry sunk this stock double digits in a single dark day of trading. It’s bounced back since and is looking better than ever.

This stock is not for the faint of heart. You can see the two big spikes up towards $17 over the last couple of months, followed by some nasty dips to the downside. Luckily each dip has been met with renewed buying interest. The $16 level remains resistance to the upside while some mild support sits just below the current share price at $14.

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Ways to Steal Money from the Market: Aegerion Pharma (AEGR)

Keeping the healthcare theme, let’s look at another part of the beat down sector. Aegerion Pharma (AEGR) is a biopharmaceutical company engaged in the development and commercialization of therapeutics to treat lipid disorders. Say that ten times fast. You don’t have to have a degree in biological engineering to see the recent earnings surprises and get bullish on this Zacks Rank #2 (Buy) stock.

With Aegerion you’re definitely buying the dip. The CCI has come down from nearly 200 to cross below the zero line, but shares have rallied in the face of that. That sort of divergence from the indicator should be seen as very bullish in the short term. A big volume session a few days ago may have provided the washout to the bottom that reestablishes a bullish trend. With shares poking above the 20-day moving average, this may be the case.

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

Ways to Steal Money from the Market: Braskem SA (BAK)

How about pecking at an integrated oil company down here? Crude is stabilizing and it looks like the smart money is moving back into energy quietly as the market continues to rebound. Braskem SA (BAK) stock is a Zacks Rank #2 (Buy), has Growth and Momentum Style Scores of “B” along with a Value Score of “A” and pays a dividend over 3%. I know, weird for the momentum stock strategist to talk dividends but if there’s money on the ground, then bend down and pick it up.

Certainly a tale of two charts here on BAK. You have life before the August bottom and life after. Life before was a treacherous dumpster dive. Rallies were sold heavily and the stock was entrenched in a bearish trend. But something strange has happened since then. A strong rally nearly stalled out near $10 where buyers continued to step in with strength and have since taken shares above $11. The intermediate term resistance sits at $12 with a much stronger band awaiting shares near $15.

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

Ways to Steal Money from the Market: Callaway Golf (ELY)

The weather tells me it’s still golf season out there even though the calendar is telling me otherwise. Regardless the season, Callaway (ELY) has been hitting the ball right on the screws lately. This Zacks Rank #1 (Strong Buy) stock just had a stellar earnings report, beating estimates by 5 cents for the previous quarter and adding to its streak of five consecutive beats.

This breakout has been text book for ELY. Shares butted up against resistance at $10 which happened to be the April and 52-week high. A surge in buying interest helped shares blast through that level and now buyers are probing higher in search of a new fair value for shares of ELY. I suspect the former resistance will provide support on any retrace downward. An overbought CCI is a small concern over the next couple of days but a few days of bullish activity could cancel all that out.

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

The Bottom Line on These Five Stocks to Buy 

I’ve let you in on five of my best stock ideas for the end of this year. You get a nice little mix of several industries that are all recovering nicely and breaking out as the market pushes towards new highs. All are rooted in the methodology of the Zacks Rank.

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. Click to get this free report

NIKE INC-B (NKE): Free Stock Analysis Report

CALLAWAY GOLF (ELY): Free Stock Analysis Report

CROSS COUNTRY (CCRN): Free Stock Analysis Report

BRASKEM SA (BAK): Free Stock Analysis Report

AEGERION PHARMA (AEGR): Free Stock Analysis Report

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