BALTIMORE ( Stockpickr) -- The weak economic data hitting Wall Street continued to push investors away from risky assets -- such as stocks -- last week, and into safer, less-volatile instruments such as bonds, gold and U.S. government debt. All the while, a handful of cash-rich firms have been taking advantage of depressed equity prices by going on a buying spree.
If Monday's lower market open is any indicator, companies looking for
cheap merger and acquisition opportunities
won't be disappointed heading into the last few trading days of August.
Investors would do well to use that mentality when approaching this market. While traders are ruling the roost in the short-term, taking advantage of short-term price volatility, there are more than a few emerging opportunities for value investors available right now. We'll attempt to uncover more than a couple of them today with our newest batch of Rocket Stocks plays.
For the uninitiated, Rocket Stocks are our weekly list of companies with short-term gain catalysts and longer-term growth potential. In the last 58 weeks, Rocket Stocks have outperformed the S&P 500 by 62.87%.
this week's list of Rocket Stocks to watch