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Stocks To Ride a Rally With

Higher stock prices. They won't last, but while they're climbing, they're tradable. That's the message for investors from Barry James.

His five-star James Balanced Golden Rainbow fund is up an average of 11.5 percent per year over the last five years, and even shows a modest gain year-to-date.

So which stocks are best equipped to ride the rally? James' list of criteria includes companies with good relative value, good earnings, solid price strength and strong sales overseas.

Recommendations:

James likes Owens Illinois, with extensive plastic-production facilities around the world.

"We're probably looking at the sixth straight quarter of triple-digit earnings gains in the company," he told CNBC.

He also recommends rolled-steel producer Ampco Pittsburgh, which posted extremely strong earnings this week.

"Sales were up about 11 percent, operating income up about 15 percent," he noted.

Disclosure:

James owns both Owens Illinois and Ampco Pittsburgh through his fund.

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