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 Quote): Up 26.5% on the week after beating analysts' earnings estimates Tuesday.
- Level 3 Communications (LVLT Quote): Up 8.1% on the week as a pure snapback play.
- Tesoro (TSO Quote): Up 3.7% on the week.
- UltraShort Oil & Gas ProShares (DUG Quote): Up 3.4% as oil fell 6% on the week.
- Gilead (GLD Quote): Up 2.1% on the week.
- Enzon Pharmaceuticals (ENZN Quote): Up 2% on the week.
- Aluminum Corp. of China (ACH Quote): Up 0.5% on the week after reporting lower-than-expected earnings Tuesday.
- Hollywood Media (HOLL Quote): Down 0.8% on the week.
- Market Vectors Global Agribusiness ETF (MOO Quote): Down 3.4% as agricultural stocks lagged the overall market this week.
- Southern Union (SUG Quote): 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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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,285.97 | 1,091.93 | 2,172.99 | 33.92 |
Oil *
75.40
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DOWN
104.14
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DOWN
11.32
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DOWN
16.62
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DOWN
0.56
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10 Yr
3.39%
SPDR Gold
110.95
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-1.00%
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-1.03%
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-0.76%
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-1.62%
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