Rocket Stocks for the Week

Two things to take away: 1) Shares of Enzon are extremely beaten down, despite any real change in its business, sales or revenue, and 2) activist investors who have large financial stakes in Enzon are pushing the company to break itself up.

Remember: While this week's Rocket Stocks portfolio does include some solid earnings plays, such as PetroQuest Energy(PQ Quote), Foster Wheeler(FWLT Quote) and Arcelor Mittal(MT Quote), in all likelihood, the broader market will be mixed following a historic rally.

For more ideas, including XTO Energy(XTO Quote) and Goldman Sachs(GS Quote), make sure to check out this week's Rocket Stocks portfolio.

To find the snapbacks and potential breakouts on a regular basis, check out these Stockpickr portfolios, which I use in my own research each week:

Always check the Biggest Percentage Losers, a list of stocks that lost big the day before, because they can snap back hard.

When you check this list on Stockpickr, you can see which stocks are owned by the quality hedge funds and mutual funds. Pay attention to those. The funds will be buying at the lower prices and likely supporting the stock.

Ditto for the 52-week-low list. You must check the above two lists every day if you hope to find volatile stocks that can snap back

Biotech Short Squeezes: Dendreon and others can often be found in this category.Stocks Rising on Unusual Volume: These are potential breakout plays.

Stockpickr's System Trades of the Day: These are trades triggering that day in various back-tested trading systems we've developed.

Stocks With Unusual Options Activity: Perhaps someone knows something?

Latest Activist Situations: These are stocks that hedge funds are accumulating shares of and demanding change in. Believe me, these hedge funds piggyback each other. And once they start rocking the boat, things happen quickly. This should be on the must-view list.

One final place to frequent is the Answers section on Stockpickr, where ideas such as those presented in this article are thrown around daily. And you can further discuss your ideas and share opinions in Stockpickr's Member Forums section.