This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Rocket Stocks Worth Buying This Week

Red Hat

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Not many companies can say that they've created multi-billion-dollar business by producing a free product, but Red Hat (RHT - Get Report) can. The firm is one of the biggest providers of open source software, with its namesake enterprise Linux operating system the biggest piece of the empire. Red Hat's product is essentially free -- and its consumer Linux distribution, Fedora, is completely free -- but the firm makes money through training, maintenance and tech support fees that it charges businesses.

That unique model has done well for Red Hat in the past. Because open source software typically leaves a much smaller cost for enterprise customers, it's become a popular option for firms that don't want to shell out hefty licensing fees for business machines like servers and workstations. While producing an open source software product does open the doors to more competition -- rivals can modify their software or simply offer competing support services -- most customers want to deal directly with the source, particularly if costs aren't critically different.

>>10 Top-Rated Tech Stocks That Pay Big Dividends

To counter some of that competitive pressure, Red Hat has been expanding its focus to include so-called middleware and other enterprise software packages that customers previously got from Red Hat's enterprise software competitors. By becoming more of a one-stop shop, RHT should be able to continue its impressive growth trajectory in 2012.

Shares are already up 38% this year, so while RHT is hardly a value stock at these price levels, this Rocket Stock should have more upside as a solid relative strength play.
5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
KIM $26.29 0.00%
PG $80.99 0.00%
RHT $64.11 0.00%
V $70.42 0.00%
TYC $33.52 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs