Top Rocket Stocks for Week of Nov. 12
Last week was rough, actually very rough, as increased credit worries and hawkish statements from Federal Reserve Chairmen Ben Bernanke rocked the market. With daily three-digit swings in the market, it is certainly tough for institutional traders to make money, let alone the retail investor.
Such a market environment is precisely why I compile and write this Rocket Stocks column. The sole purpose of this weekly piece is to offer readers like you ideas for stocks that have the potential to rally in the coming week, no matter how the market does.
I like to look at stocks that have real catalysts ahead of them that might propel them higher. Whether it's an earnings, arbitration or a pure snapback play, hedge funds (and all of us actually) are always looking for these stocks because the risk vs. reward is so tempting.
Before we look at This Week's Rocket Stocks portfolio, however, let's review last week's market action.For a little perspective on last week's selloff, let's look at U.S. household net worth: U.S. households have a net worth of $55 trillion. With all of the recent dire headlines, you might think that entire number was going to collapse overnight. But right now, Bernanke sees that $150 billion of at-risk mortgage debt is in question. This $150 billion is only 0.2% of the U.S. net worth. For argument's sake, let's take that $150 billion and triple it (3 times the amount Bernanke sees), to $450 billion. This still is only 0.6% of the U.S.'s net worth. You see where I'm going?
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV