Top Rocket Stocks for the Week

Updated from 9:03 a.m. EDT

Finally! The inevitable rally, which I have been writing about for a while, was granted to us by some divine power from above.

OK, not really. Oil tanking, huge upside earnings from JP Morgan(JPM - Cramer's Take - Stockpickr) and Wells Fargo(WFC - Cramer's Take - Stockpickr) and a massive short-squeeze were the real catalysts last week.

Let me remind you that when things in the market look the darkest, with fear and gloom gripping all, that is the exact time you want to be buying equities. From its Tuesday low of 1201, the S&P 500 ramped to close on Thursday at 1260. Heck, on Wednesday, the Financial Select Sector SPDR(XLF - Cramer's Take - Stockpickr) was up only 13% in a single day, representing an 11 standard deviation event.

I highly doubt we'll see another 11 standard deviation movement in the XLF this week. But this week's Rocket Stocks portfolio certainly does offer up some compelling names, including Canadian National Railway(CNI - Cramer's Take - Stockpickr) and AK Steel(AKS - Cramer's Take - Stockpickr).

To read the rest of the story, and to find out which stocks could rocket higher this week, please click here.

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Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to a theme but also offer significant analysis as to why the stocks are cheap.

Here are some examples:

• Stocks related to drilling the Marcellus Shale

• MLPS with yields above 7%

• Microcaps trading for less than tangible book

• Stocks that do well after Hurricanes

Here's the challenge: Build a portfolio at Stockpickr.com with great analysis, and send me the link. Each great portfolio (with analysis) will get posted on TheStreet.com with your byline (as a "Stockpickr Guest Columnist") and will be included in my email I send to Jim and the other hedge fund managers on my list.