This Week's Rocket Stocks Portfolio Update

Stock quotes in this article: ADBE , GLS , BBY , TBL , AAPL  

Another name I highlighted this week was Timberland(TBL Quote). This is a cold weather play as people should buy more boots as the weather gets worse. Timberland, however, does not have the best of fundamentals going for it. Up as much as 5.8% for the week and currently up 1.5%, I would look to lock in some profits.

This week I've also added two additional names to the portfolio.

First up is Genesis Lease(GLS Quote). Most of its planes are leased to airlines overseas; this means that its dividend is covered by solid cash flows from international currency. With the average age of its planes about 5.6 years, most of them are locked up into longer-term contracts. As oil starts to come down, the airline-related names should prove good trading stocks.

In Monday's "Mad Money" Lightning Round, Jim Cramer said the following about GLS: "This one is beyond me. ... This is an aircraft leasing company. It's got a great yield. ... It is just a play on global air. It is a play on U.S. air. ... I cannot back away when the fundamentals remain good." The stock offers a yield of about 10%.

Another stock that I like for the rest of the week and even into the end of the holiday session is Best Buy(BBY Quote). Despite what the bears say, Best Buy posted an amazing quarterly beat yesterday and appears to be taking market share from other electronic retailers. After raising its full-year profit forecast, Best Buy is likely to climb higher.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

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