Value stocks have acted outstanding over the past year, and many people like to stay in the value arena when the market is right at all-time highs. Value stocks have outperformed growth stocks by 8% over the past 12 months, and when that has happened in the past, growth tends to outperform value over the next year. With earnings finally starting to come around some, it makes sense for investors to look to growth ideas.

In a new research report from Jefferies, top-notch equity strategist Steven DeSanctis makes the case that now is the time to rotate to growth stocks from value, and he sees relative valuations still very attractive for the group. We found four stocks in the Jefferies coverage that should benefit from just this kind of stock rotation, and all are rated Buy at Jefferies.

Halliburton

This company has ticked higher since the deal with Baker Hughes fell through due to regulators concerns, but it is still down almost 50% from highs printed two years ago. The Jefferies team added the company to the Franchise Picks portfolio last month. Halliburton Co. (NYSE: HAL) is one of the world’s largest providers of products and services to the energy industry.

The company serves the upstream oil and gas industry throughout the life cycle of the reservoir, from locating hydrocarbons and managing geological data to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.

The oilfield giant announced last year a $1 billion investment to develop huge potential oil fields in Ecuador and it has entered into a long-time deal with Petroamazonas, an Ecuador-based company involved in the exploration and development of the country’s oil reserves. With oil being absolutely demolished over the last year, this top oil service company is a great stock to buy on sale, as the oil recovery has shown some legs.

Top Wall Street analysts see the end of the Baker Hughes deal as removing uncertainty on the company, and they also think that the company still has acquisition possibilities, which could help expand the business footprint. Strong Permian basin activity also bodes well for the stock.

Halliburton investors are paid a 1.63% dividend. The Jefferies price target for the stock is $56, and the Wall Street consensus target is lower at $46.03. The shares closed most recently at $44.26.

NVIDIA

This top chip company has reported strong earnings this year, and the Jefferies team says to own shares in front of this week’s earnings report. NVIDIA Corp. (NASDAQ: NVDA) is one of the leaders when it comes to supplying graphics processing technology for the 3D graphics market, including desktop graphics processors and gaming consoles.

NVIDIA is also moving into visual computing chips for cars, mobile devices and supercomputers. The company has a technology partnership with electric car maker Tesla Motors. It has been able to use its ability to leverage past investments, with a more controlled spending structure ahead on unified, which enables strong cash flow that is allowing a focus on capital return, which is currently estimated to be $1 billion next year.

Top Wall Street analysts feel the stock is maturing to a platform company from a pure chip company, and they see the stock continuing to benefit from four secular trends: virtual reality, PC gaming, chips in the automobile industry and graphic processing units (GPUs) in the cloud.

NVIDIA investors are paid a 0.8% dividend. Jefferies has a $69 price objective for the stock, and the consensus target is much lower at $49.93. The stock closed Monday at $58.74.

T-Mobile

This is a carrier that top Wall Street and the Jefferies analysts believe should be bought on an increasing cash flow and valuation thesis. T-Mobile US Inc. (NYSE: TMUS) provides mobile communications services in the United States, Puerto Rico and the U.S. Virgin Islands. It offers voice, messaging and data services in the postpaid, prepaid and wholesale markets. It also provides wireless devices, including smartphones, tablets and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

The company offers services, devices and accessories under the T-Mobile and MetroPCS brands through its owned and operated retail stores, as well as through its websites. T-Mobile also sells its devices and accessories to dealers and other third-party distributors for resale through independent third-party retail outlets and websites. It serves approximately 63 million customers.

Recent meetings with top management were positive, and the analysts think the network investment appears well positioned as churn has stabilized. The analysts also feel that third-quarter 2016 bad debt as a percentage of revenue will be well below the prior year level.

The Jefferies price objective is $55, and the consensus target is set at $51.91. The stock closed most recently at $47.61 per share.

Take-Two Interactive Software

This top video game producer has cashed in with some super-hot titles. Take-Two Interactive Software (NASDAQ: TTWO) offers its products under labels such as Rockstar Games and 2K. It develops and publishes action/adventure products under the Grand Theft Auto brand, as well as other franchises, including Civilization, Borderlands, Bioshock and Red Dead under the Rockstar Games label. The Grand Theft Auto franchise has been one of the best-selling video games ever released.

The company also reported outstanding earnings for the most recent quarter, though expectations were very low. Jefferies noted in its report:

For the second straight quarter, management notes Rockstar will announce its new project “soon.” This should be a positive catalyst especially if they announce Red Dead 2. We are optimistic around NBA 2K17; and the franchise is seeing solid growth on the top and bottom lines.

The $45 Jefferies target price compares with the consensus figure, which is at $44.10, and Monday’s closing share price of $40.98.

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These are four outstanding growth ideas for investors looking to add more to their portfolios. We are at the point where investors may want to buy partial positions, as the often slippery September-October period is right around the corner.

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