BALTIMORE (Stockpickr) -- Phew. Just when market conditions were getting unbearable again, investors got their biggest single-day gains of the year on Wednesday. And you can bet that plenty of investors who were early to hit the "panic button" will be looking to make up for their lost ground this week.
Mr. Market gave back all of the previous week's losses and more last week, the S&P 500 climbing 3.73% between Monday's open and Friday's close. Wednesday's 2.3% climb in the S&P was a big part of those returns. This week, stocks are pointed higher thanks to a bailout of Spanish banks that should add some significant comfort to investors who've been tossed around all too much lately.
The eurozone debt crisis has been the biggest factor affecting U.S. stocks for months now, as exposure to the continent across the pond and global monetary relationships caused markets here at home to react violently to the troubles over there. The $125 billion bailout of Spanish banks should help to ease things over there, especially if Greece gets some additional easing of their own.We're already seeing a pretty significant bounce in international stock markets this morning. The best way to take advantage of this buying streak is by looking at a new set of "Rocket Stock" names today. >>ACTIVE STOCK TRADERS: Check out Stockpickr's special offer for Real Money, headlined by Jim Cramer, now! 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 154 weeks, our weekly list of five plays has outperformed the S&P 500 by 82.64%. With that, here's a look at this week's Rocket Stocks.
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