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Rocket Stocks for the Week

After a historic 1,200-point rally last week, investors and traders alike should approach this week with caution.

Value plus snapback potential equals opportunity. Every week, I share my snapback ideas with TheStreet.com readers through my Rocket Stocks portfolio at Stockpickr.com. Today, for RealMoney subscribers, I'm giving a preview of next week's picks and recapping how last week's stocks fared.

First, a quick recap:

Arch Coal (ACI - Get Report): Up 20% on the week after its third-quarter earnings more than tripled, beating the Street's expectations. Arch Coal reported net income of $97.8 million, or 68 cents per share, compared with $27.2 million, or 19 cents per share, a year ago.

CF Industries Holdings (CF - Get Report): Up 40% despite its third-quarter profits falling as it recorded higher unrealized losses on its natural gas hedges. Still, sales rose 75% to $1.02 billion, the result of substantial price increases for all of CF's fertilizes

BioMarin (BMRN): Up 10% on the week after swinging to a third-quarter profit and reaffirming its outlook for a profitable 2008.

Valero Energy (VLO - Get Report): Up 15% despite having its third-quarter profit fall by more than 9% from a year ago. Net income for the quarter went to $1.15 billion, or $2.18 a share, down from $1.27 billion, or $2.09 a share, a year ago.

Blackboard (BBBB): Down 25% after giving a bleak outlook for the rest of the year.

Cliffs Natural Resources (CLF - Get Report): Up 15% even after CEO Joe Carrabba said that he sees a protracted recession in 2009. He also said: "We have not changed our view of the growth of the steel industry. We believe a super-cycle is here and we are just in a hiccup at the moment."
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SYM TRADE IT LAST %CHG
FWLT $27.52 -3.06%
ACI $0.35 0.00%
CLF $3.86 0.00%
CF $64.54 0.00%
ENZN $1.21 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

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