Rocket Stocks for the Week

Stock quotes in this article: ENZN , PQ , FWLT , MT , XTO , GS , ACI  

Updated from 7:01 a.m. EST

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 in my Rockets Stocks portfolio. Even after last week's move, this week's portfolio offers some very interesting snapback ideas, including Enzon(ENZN Quote) and Foster Wheeler(FWLT Quote).

To read more, please click here.

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At the time of publication, Altucher and/or his fund was long Arch Coal, Cliffs and Foster Wheeler, 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.

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