The Top 10 Rocket Stocks for This Week

Last week's Rocket Stocks column highlighted companies with international exposure that were set to report earnings. The portfolio contained CSXCSX, EatonETN and St. Jude MedicalSTJ, each of which reported monster quarters and gapped up as much as 5% after reporting.

This week we take a look at a few tech and a few energy companies that have potential catalysts to rocket higher this week. The catalysts this coming week are almost all earnings-related, but at the end of this column I look at a few of the portfolios that I use to help uncover the 10 stocks for this week.

For the entire list of stocks on this week's list as well as the analysis for each pick, check out the Top 10 Rocket Stocks for the Week at Stockpickr.

Also, for the fun of it, check out the video for TheStreet.com TV that Jim Cramer and I recently recorded about the hate mail I got over an earlier rocket stock pick, DendreonDNDN.

Let's take a look at this week's list. First up is Texas InstrumentsTXN, which reports earnings on Monday, July 23.

The Dallas-based company has two divisions, semiconductors and education technology. But the semi division is the one we most care about as it brings in the bulk -- 90% -- of the revenue and profits.

Tech is the place to be right now and unlike IntelINTC, Texas Instruments has not really ramped into earnings seasons. Although Intel did report good numbers, many people (including Jim Cramer) feel that it ran up too much before earnings.

Texas Instruments is in a bull market because semiconductors are in a cyclical uptrend; this should affect earnings in a positive way. The company also makes a lot of secondary, or college, education applications, and with more than 100 million people in secondary school, this should provided a boost in earnings. Last quarter, Texas Instruments announced a massive buyback; look for the company to increase that.

Weekly Catalyst: A play on the strong Intel quarter and the cyclicality of the semiconductors sector. Look for a big buyback to be announced and a raise in guidance as well. It wouldn't surprise me to see a bump higher because of the launch of the iPhone. Nobody knows for sure if it is supplying the power management chip, but it's a possibility.

Next up is EMCEMC, which reports earnings on Tuesday.