The Top 10 Rocket Stocks for This Week

The Seattle-based Internet retailer is one of Cramer's four horsemen of tech horsemen. Cramer featured Amazon in a July 13 RealMoney blog post called "Ride On, Hated Tech Horseman Amazon":

Amazon is a stock that trades on the quarter. That's because the mammoth short -- 46 million shares on a 300 million basis -- lays on it all the time.

There's no doubt this is one expensive stock, the most expensive of all the four horsemen on a growth basis. So why stick with it? ... Because I don't think people understand the leverage of this model. Amazon has spent and spent and spent. Now it doesn't need to spend much anymore. The infrastructure is in place. This company has huge, huge, huge gearing; it can at last make money off the billions in cash flow.

That's why I think this move is for real. That's why I think it can rack up another 10 points before people even realize how much money this company can make.

I reiterate my buy, even as it remains the most hated of the four horsemen.

Weekly Catalyst: A massive short position could propel this one higher. With earnings out it may be a good idea to look at the August $80 calls. Also, although Amazon has admitted it won't make a dime off of the latest Harry Potter book because it's applying such discounts to the new release, I believe there will be some ancillary effect as many purchasers of a Harry Potter book could also purchase other products.

Altogether I take a look at 10 stocks that I believe could be the rocket stocks of the week. For the other stocks on this week's list and my analysis for each, check out the Rocket Stocks for the Week portfolio. I plan to provide an update on these picks midweek.

To find the snapbacks and potential breakouts on a regular basis, check out these Stockpickr portfolios, which I use in my own research each week:

• Today's Hot List: This daily list is a must-view at midday each day to see what stocks are making the biggest moves and why.
• Always check the Biggest % Losers, a list of stocks that lost big the day before, because they can snap back hard.

  When you check this list on Stockpickr, you can see which stocks are owned by the quality hedge funds and mutual funds. Pay attention to those. They will be buying at the lower prices, so you should be also.

• Biotech Short Squeezes. Dendreon and others can often be found in this category.
• Top Insider Purchases and Buybacks.
• 52-Week Lows List: As with the list above, you must check this portfolio every day if you hope to find volatile stocks.
• Stocks Rising on Unusual Volume: These are stocks with the potential to break out.
• System Trades of the Day: These are trades triggering that day in various backtested trading systems we've developed at Stockpickr.
• Stocks With Unusual Options Activity: Unusual activity in these stocks the day before suggests that someone perhaps knows something.
• Latest Activist Situations: These are beaten-down stocks that hedge funds are accumulating shares of and demanding change for. Believe me, these hedge funds piggyback each other. And once they start rocking the boat, things happen quickly. This should be on the must-view list.