The jolly fellow with a white beard and a red-and-white suit doesn't just bring presents to children. He sometimes delivers gifts to investors, too.

Years ago, investors observed that a phenomenon dubbed the Santa Claus rally often occurred during the year-end holidays. In many cases, stocks rose over the last five trading days of the year and the first two trading days of the new year.

Three Motley Fool contributors identified stocks they think could soar in a Santa Claus rally. Here's why they picked Gilead Sciences (NASDAQ: GILD), NovoCure (NASDAQ: NVCR), and Pfizer (NYSE: PFE). 

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Source Fool.com