Rocket Stocks for the Week

Stock quotes in this article: HNZ , TSL , ABK , GS , NCC , LAMR , HIG  

Updated from Aug. 18, 12:10 p.m. EDT

Trading stocks can be a cruel and unpleasant process, especially in the short term. Stocks go through all sorts of growing pains all the time: There are missed earnings, misunderstood press releases, negative management meetings and all other sorts of company nonsense.

But sometimes the stocks that drop the most snap back the hardest.

And that's what we look for in developing each week's Rocket Stocks portfolio. This week's portfolio includes such stocks as XL Capital(XL Quote), Heinz(HNZ Quote) and Goldman Sachs(GS Quote).

To read more, please click here.

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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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