We’re approaching the end of the year so prepare for a lot of talk about the “Best of 2015†and predictions for what people believe will be the “Best of 2016.†It’s only natural for us to reflect on what’s happened and attempt to apply what we’ve learned to next year. But let’s be honest here, you already knew how to make money in this market. You’ve been doing it all along by following our Zacks Rank.
This year, I suspect, will be no different. I’m talking about a ranking system that’s given us 26% returns on average dating back to 1988. That’s a long time and a track record that’s nothing short of phenomenal. When looking for the top stocks for this year, don’t reinvent the wheel. The formula that’s worked great all along shouldn’t stop working just because of some pesky Fed liftoff or market volatility.
I’m talking about Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that within a few percentage points of their 52-week highs, with Momentum Style Scores of “A†or “B.†This way, you get into stocks with the most bullish sentiment coming from analysts, breaking through to uncharted territory on increased investor interest. That’s a solid combination that’s been finding me outstanding stocks for years now.
These five stocks are my top ideas to close out 2015 and enter 2016 riding a wave of momentum I believe can carry you to profits to kick off the year.
NVIDIA (NVDAÂ -Â Analyst Report)
NVIDIA Corporation 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.Â
