Jefferies nails down the stock-picking criteria that are helping active fund managers crush their benchmarks this year and shares 21 names to buy for continued outperformance Summary List Placement One of the eternal debates in investing is whether it''s better to get into a hot trade and let it ride, or buy something that''s struggling and due for a comeback. Sometimes, the answer is to just do both. Steven DeSanctis of Jefferies says active managers are finding great success recently by making one of those two-pronged trades. "Both Valuation Momentum have started to perform well. We are seeing this across large, and this creates a good backdrop for active," he wrote in a recent note to clients. "We are seeing this play out with all 9 Lipper boxes beating their indexes thus far this year." That''s created a great market for stock picking, with DeSanctis laying out two strategies he expects to outperform, especially among large cap stocks. "Valuation has been a driving force," he said, and with value stocks on the rebound, cheap stocks should continue to do well as the economy expands. Meanwhile, DeSanctis says things are starting to turn around for momentum stocks.