Rocket Stocks for the Week

Stock quotes in this article: ZEP , XLNX , LLTC , FDO , AYI , RBN , AAPL  

Updated from 12:06 p.m. EST

As the major indices pulled back from technically overbought conditions, negative earnings forecasts from Wal-Mart(WMT Quote) and Intel(INTC Quote) and weak same-store-sales data from various retailers fueled the basis downward this week.

That said, there are still plenty of opportunities for nimble traders in this week's Rocket Stocks portfolio (including Linear Technology (LLTC Quote)).

Fortunately, last week's Rocket Stocks portfolio was a massive outperformance for readers as our two long ideas, Family Dollar(FDO Quote) and Robbins & Myers(RBN Quote), surprised to the upside, and our short idea, Acuity Brands(AYI Quote), lowered guidance and reported weak sales.

To read more, visit Stockpickr.com.

In Monday trading, Linear Technology closed at $21.69 per share (down 1.9% year-to-date).

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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.

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