BALTIMORE ( Stockpickr) -- Risk was "on" last week, as investors bucked Monday's significant selloff to push the S&P 500 2.12% higher on the week by Friday's close. It wasn't just the weekly gain in the S&P that demonstrated investors' risk appetites last week; it was also the kinds of stocks that were catching bids. Consumer-driven names contributed the brunt of last week's gains, while more defensive names sat idle.
The mini-rally that we're seeing right now is pretty tentative. Economic factors are still a drag on the broad market, particularly in Europe, where the drama continues to unfold. Even so, the kickoff of earnings season this week could provide investors with a much-needed positive shift in sentiment.
With uncertainty still playing a major role for Mr. Market, it makes sense to look for pockets of strength right now. That's why we're turning to Rocket Stocks.