5 Rocket Stocks to Buy This Week

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.

>>5 Stocks Under $10 With Big Upside Potential

For the uninitiated, Rocket Stocks are our list of companies with short-term gain catalysts and longer-term growth potential. To find them, I run a weekly quantitative screen that seeks out stocks with a combination of analyst upgrades and positive earnings surprises to identify rising analyst expectations, a bullish signal for stocks in any market. After all, where analysts' expectations are increasing, institutional cash often follows.

In the last 124 weeks, our weekly list of five plays has outperformed the S&P 500 by 83.3%. This week, we'll aim to continue beating the market with another set of names.

With that, here's a look at this week's Rocket Stocks.

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