So you're the sort of person that's always fashionably late to the party? The kind that the rest of the family lies to and tells the party starts an hour earlier than it really does. You can be as cool as you want to be when it comes to little Timmy's First Communion, but don't let that spill over to your investing.
Unfortunately, just about everybody I've talked to is arriving late to the rally here. First they called it a “relief rally” as the oil and biotech stocks started to bounce. But now it just keeps on going. Here we are quickly approaching those three key levels that we've seen all year on the Dow, S&P 500 and the Nasdaq, 18,000 – 2,100 – 5,000.
You may be feeling like the move is already in the books. Like you've missed out on the easy money trade already. Boy, if I had a nickel for every time I've heard that since 2009 I'd have…well, I'd have a lot of nickels. Don't think that you've missed the boat here, in fact, this may be the beginning of a fresh leg higher for a lot of stocks.
The market will continue to reward quality names that have great earnings potential. Here I've uncovered five stocks that are Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks with Momentum Style Scores of “B” or better that are at or very near 52-week highs. These are the strongest stocks in a strong, sharply rebounding market, that give you a great chance to make money heading into the end of the year.
Atmos Energy (ATO – Snapshot Report)
Atmos Energy Corporation, headquartered in Dallas, is one of the country's largest natural-gas-only distributors, serving over three million natural gas distribution customers in over 1,400 communities in eight states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West. Atmos Energy also manages company-owned natural gas pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas and provides natural gas marketing and procurement services to industrial, commercial and municipal customers primarily in the Midwest and Southeast.
