Alibaba, Facebook and two more big stocks are set to outperform in April

While April showers bring May flowers, April has historically been a pretty flowery month for the stock market for the past decade or so: The S&P 500 index has charged higher during the month of April in eight of the past 10 years. And following a pretty perfunctory correction for the big market averages in March, the S&P is due for a retest of new highs this month.

But just because the market is being pulled higher doesn't mean that you should go out and buy anything--stock picking still matters in this market, and there are some clear-cut leaders that are dragging the rest of the market higher.

Facebook Inc. (FB) - Stands to benefit from increased monetization outside of North America.

Alibaba Group Holding Ltd. (BABA) - The company is the incumbent e-commerce company in China - and it has a deep, wide economic moat.

Equifax Inc. (EFX) - Equifax expands its customer base beyond traditional lenders, revenue should scale meaningfully.

Best Buy Inc. (BBY) - Investors are waking up to the fact that Best Buy's 1,575 retail locations are its biggest competitive advantage, not a liability.

Source: TheStreet

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