The Top 10 Rocket Stocks for This Week

07/23/07 - 06:51 AM EDT

James Altucher

The Massachusetts-based data storage company is on a tear right now with the highly anticipated spin off of VMware, which offers companies a bundle of information infrastructure products on which many of them operate.

Analysts and the market in general are going to be forced to value VMware once it comes public in late August. Most analyses shows that VMware is worth roughly $10 billion, which goes directly to EMC's market cap because EMC will still own 90% of the company.

EMC has performed well the past few days in a rocky tape, with signs of heavy buying. The growth figures on VMware are outstanding. Also, VMware cuts companies' technology-related energy bills by 40%, and with the Senate recently passing the pro-renewable energy bill, VMware will likely benefit. EMC has just started the "road-trip" of VMware to the major investment banks and they'll certainly want in.

Weekly Catalyst: EMC has been a rocket stock before and has treated investors well. With earnings set to come out and investors looking to get into tech, EMC offers a great play. After getting two downgrades last week, which had zero effect on the stock, EMC is ready to ramp into earnings and the spin off of VMware.

Finally, let's take a look at Amazon(AMZN Quote - Cramer on AMZN - Stock Picks), which reports Tuesday afternoon.

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