Rocket Stocks for the Week

Updated from Jan. 20

Each week, I like to find beaten-up stocks that I believe have the potential to surge higher (or lower) in coming days due to a specific event-driven catalyst. I especially like when these stocks with near-term growth potential also qualify as solid long-term plays.

I compile my ideas in the Rocket Stocks portfolio. Remember, each pick has a specific catalyst.

With the market down huge, there are plenty of short-term opportunities out there (including CSX (CSX Quote)).

Despite the Dow Jones falling about 5% over the past week, various credit indicators, such as TED spreads and low bid/cover ratios, keep on improving.

To read more, visit Stockpickr.com.

Will the Obama administration turn the economy around?
	Yes. Things will improve in 2009 Yes. But it's going to take a few years No. The downturn is too severe and getting worse No. There are too many factors that can't be controlled