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The $80-to-$120 Mega-Portfolio

Jim Cramer likes best-of-breed stocks. I have a story about this at the end of this article about the first time I met Cramer, which describes his "best of breed" strategy a bit more.

But two weeks ago on "Mad Money," he put this "best of breed" strategy into quantifiable practice when he told his viewers that "stocks that go to $80 a share in a bull market tend to go to $120, as long as the bull market keeps going."

At Stockpickr, we set up a portfolio of stocks in the $80 to $90 range that just broke out. We also filtered all of the stocks in this portfolio so it only includes profitable companies with low P/E ratios , so they have room to move. We also limited our view to stocks that had lower P/Es than their sector average and showed recent insider buying.

Here's the full portfolio.

First up is Leap Wireless (LEAP), which is a relativity unknown international wireless company. Leap offers digital wireless services in the U.S. under the Cricket and JumpTM Mobile brands. The company offers unlimited local and U.S. long-distance service from the Cricket service area and unlimited use of multiple calling features and messaging services.

Leap also has impressive growth (as per its international exposure) and its quarterly revenue growth -- which is up 46% year over year -- shows that.

Leap could hit $120 as it continues to expand into more international markets. This will fuel the company's growth.

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