Put your rally caps on people, this thing is rocking! I don’t even have to make the case for a rally here, all you have to do is look at the market. The last hurdle for the S&P 500 that everyone was worried about was the 200-day moving average that was camped out around 2060. Well guess what? That thing is long gone as now we’ve surpassed the top of last Friday’s trading range. Next stop, 2102, after that, the ATH. What a quick turnaround from the September lows!

But the root of my optimism isn’t even the S&P 500 chart, it’s the Russell 2000, affectionately referred to as the R2K. While the S&P 500 has been bouncing back, the R2K has been taking its time. In fact, the September low on the R2K was lower than the August low. Something that wasn’t a characteristic of the S&P chart.

From that lower low, shares have begun to rebound, putting in higher lows and higher highs over the last month of trading. It’s looking more and more like a breakout in on the horizon for the small caps, which should help boost the rest of the market as well. I’m looking for a rally from now until the end of the year. That means it’s time to load the boat.

I’ve uncovered five stocks at or very near their 52-week highs with a ton of momentum that are breaking out to the upside. They are also Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that have had recent earnings estimate revisions to the upside from analysts. All of these are popular names I’m sure you’ve all heard of.

Amazon (AMZN – Analyst Report)

Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates through the North America, International, and Amazon Web Services (AWS) segments. The company serves consumers through retail websites, such as amazon.com, amazon.ca, and amazon.com.mx, which primarily include merchandise and content purchased for resale from vendors and those offered by third-party sellers.

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