One of my favorite ways to pick winning stocks by combining two of the most effective methods out there; the Zacks Rank and momentum. The Zacks Rank is a highly effective quantitative strategy that aggregates all analyst ratings of a stock and converts them into a simple ranking. Momentum is one of the most well documented edge and is well known as a premier anomaly for investors to utilize for successful trading.

Together, these two techniques have helped me detect dozens of huge winners in the stock market and right now they have identified three highly compelling stock picks. Arista Networks (ANET), Tesla (TSLA) and ServiceNow (NOW) all boast a top Zacks Rank and an A+ technical momentum setup, leading me to believe that they may be huge winners in the coming weeks and months.

Image Source: Zacks Investment Research

Tesla: Bullish Setup and Strong Buy Stock

Tesla stock has been on a rather volatile and uncertain path this year as electric vehicle sales have slowed markedly. However, CEO Elon Musk is a master of surprising to the upside, and with humanoid robots, self-driving cars and a multitude of other side-bets within Tesla, there is always the potential for a huge run in the stock.

Over the last two months, analysts have started to upgrade their earnings estimates for Tesla, and it now has a Zacks Rank #1 (Strong Buy) rating. Current quarter earnings have been revised higher by 13.4% over the last 60 days and FY24 estimates have jumped by 7.5% over the same period.

But most notable is the technical chart pattern forming in Tesla stock price. After gapping higher following its quarterly earnings report, the price action has been building a highly compelling descending wedge. If the stock can trade above the $250 level, it would signal a breakout and may send the stock on another major bull run. Alternatively, if it loses the $240 level of support, the pattern will be invalidated, and investors may want to wait for another opportunity.

Image Source: TradingView

Arista Networks: Stock Breaking out Now

Arista Networks, a leading provider of high-performance networking solutions primarily for data centers and cloud computing, is another stock to watch. In addition to a Zacks Rank #1 (Strong Buy) rating, ANET also boasts strong earnings growth forecasts and sits in the top 13% of the Zacks Industry Rank.

Over the next three to five years, Arista Networks is projected to increase its earnings per share by an impressive 15.3% annually. Sales are also expected to grow nicely, with estimates of a 16.3% increase this year and 17.4% next year.