Right now, there is no better trade than a momentum trade. Even as commodity prices collapse, certain stocks are poised to continue appreciating, regardless of valuation. Check out these five momentum hotshots.
Intuitive Surgical (NASDAQ: ISRG)
Everything medical is doing well in 2015, especially this surgical device maker.
Intuitive recently reported earnings that exceeded expectations by a whopping 53 cents per share. Shares jumped double digits after results.
Wall Street firms quickly bumped up their targets on the stock, with many now looking for more than $600 per share.
As for valuation, there are no worries, as long as the company keeps trumping estimates by a wide margin.