Beat the Street
Top Rocket Stocks for Week of March 24
03/24/08 - 11:01 AM EDT
Updated from 7:13 a.m. EDT With so much liquidity hitting this market coupled with the fact that stocks in general are cheap, an inevitable snapback rally happened. Since the start of the Rocket Stocks column, I've each week compiled a list of stocks that I believe have the catalysts to send them soaring in the coming days. But before we get to this week's Rocket Stocks portfolio, let's take a look at how last week's picks fared.
- Goldman Sachs GS: Up 26.5% on the week after beating analysts' earnings estimates Tuesday.
- Level 3 Communications LVLT: Up 8.1% on the week as a pure snapback play.
- Tesoro TSO: Up 3.7% on the week.
- UltraShort Oil & Gas ProShares DUG: Up 3.4% as oil fell 6% on the week.
- Gilead GLD: Up 2.1% on the week.
- Enzon Pharmaceuticals ENZN: Up 2% on the week.
- Aluminum Corp. of China ACH: Up 0.5% on the week after reporting lower-than-expected earnings Tuesday.
- Hollywood Media HOLL: Down 0.8% on the week.
- Market Vectors Global Agribusiness ETF MOO: Down 3.4% as agricultural stocks lagged the overall market this week.
- Southern Union SUG: Down 4.3% on the week as natural gas prices fell.
- Fluid Management supplies Robbins & Myers with a substantial part of its total revenue. Fluid management, especially its pressure pumping systems, is essential in keeping oil rigs squeaky clean, allowing them to pump as much oil as they physically can. With oil at record prices, it's only natural to assume this part of the business is booming.
- Process Solutions deals with the chemical and pharmaceutical sectors. Its Romaco division, which has been very volatile in the past, saw large orders at the beginning of the first quarter. Most analysts have yet to add Romaco's earnings potential into their overall estimates. Once they see a second quarter of steady growth and orders in Romaco, analysts are likely to boost their estimates.
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