Top Rocket Stocks for Week of Dec. 31

With the new year here, many Americans' No. 1 resolution will be to lose weight this year. And with 60% of Americans technically considered obese vs. their "ideal weight," this leads me to NutriSystem(NTRI Quote - Cramer on NTRI - Stock Picks).

NutriSystem has had major issues -- guiding down multiple times and a massive short position of almost 60% (20% higher than that of Dendreon(DNDN Quote - Cramer on DNDN - Stock Picks), a heavily shorted stock I wrote about back in June).

Many hedge funds are betting against NutriSystem with valid reasons. However, the company just added $100 million to its stock-buyback program, bumping it to $200 million, and it has about $117 million in cash and zero debt.

For more detailed analysis and the rest of this week's picks, check out the Rocket Stocks for the Week of Dec. 31-Jan. 4 at Stockpickr.com.

As always, 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 every midday to see what stocks are making the biggest moves and why.
• Always check the Biggest Percentage 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.

• Ditto for the 52-week-low list. You must check the above two lists every day if you hope to find volatile stocks.
• Biotech Short Squeezes: Dendreon(DNDN Quote - Cramer on DNDN - Stock Picks) and others can often be found in this category.
• Stocks Rising on Unusual Volume: These are potential breakout stocks.
• Stockpickr's System Trades of the Day: These are trades triggering that day in various backtested trading systems we've developed.
• Stocks With Unusual Option Activity: Perhaps someone knows something?
• Latest Activist Situations: These are beaten-down stocks that hedge funds are accumulating shares of and demanding change in. Believe me, these hedge funds piggyback each other. And once they start rocking the boat, things happen quickly. This should be on your must-view list.

One final place to frequent is the Answers section on Stockpickr, where ideas such as those presented in this article are thrown around daily.

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