5 Rocket Stocks to Buy for Election Week
BALTIMORE ( Stockpickr) -- We're in the final stretch -- just two more days until we don't have to watch campaign commercials anymore. With voters gearing up for Election Day tomorrow, investors are watching closely to figure out which stocks stand to benefit the most under a Romney White House or another four years of President Obama.
I've said it before, and I'll say it again: it doesn't really matter.A handful of recent studies back up the fact that neither Democrat nor Republican administrations have a statistically meaningful impact on market performance. That's not necessarily a bad thing -- election cycles have historically boosted stock performance in election years, possibly contributing to the more than 12% gains that the S&P 500 has seen so far this year. Stocks are showing promise right now no matter whose yard sign you've got by your driveway this week. That's why we're turning to a new set of Rocket Stocks that look ready to run higher. 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 175 weeks, our weekly list of five plays has outperformed the S&P 500 by 73.9%. >>5 Rocket Stocks to Buy After the Storm