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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Top Rocket Stocks for Earnings Week of Oct. 29

Most retail investors don't know how to fade an opening, trade a gap down or short a gap up. Nor do they care to learn how.

Due to capital constraints, time limitations or merely life getting in the way, most people simply cannot trade as frequently as necessary to make these strategies work. That is why I started writing this weekly Rocket Stocks column.

My main goal is to find stocks that can rise in the coming week, no matter how the market moves. I love to look for snapbacks, earnings plays and other trades that have real catalysts behind them.

This week's Rocket Stocks for the Week of Oct. 29-Nov. 2 portfolio focuses on snapback plays as well as earning plays.

But before I make any new recommendations, let's quickly review how last week's Rocket Stock picks performed.

  • Apple (AAPL) crushed earnings estimates last week and in my midweek update I recommended cashing in on the quick 10% gain.
  • Amazon (AMZN) ran up 8% ahead of earnings, prompting me to recommend ringing the register this stock as well in my midweek update. That turned out to be a good move as the stock ended up sinking.
  • AK Steel (AKS), up 8.5% for the week as profit quadrupled.
  • Kohl's (KSS), up as much as 6% and ending the week up 3%.
  • Lockheed Martin (LMT), up more than 5% at one point last week but ending with a 3% increase. The stock also made our Top Stocks With Insider Buying and Buybacks list.
  • XTO Energy (XTO), up 4.5% for the week, as it reported good earnings and hedged out weak natural gas prices.
  • (FLWS), down 1.2% for the week.
  • F5 Networks (FFIV) was totally killed, down 20% for the week on lowered guidance and the departure of a senior sales chief. Ugh.
  • Zimmer Holdings (ZMH) shocked me. Down 14% for the week as the company lowered its fourth-quarter outlook. However, I'd still be a buyer of this name.
  • Level 3 Communications (LVLT) was also a disaster. It posted horrible earnings and plummeted, ending the week more than 25% down.
  • Rackable Systems (RACK), a midweek rocket stocks addition, beat earnings but traded down 2.5%.

Now on to the Rocket Stocks for the Week of Oct. 29-Nov. 2 portfolio.

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