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
TheStreet Open House

5 Rocket Stocks Signaling 'Buy' This Week

BALTIMORE ( Stockpickr) -- Despite a constructive week for economic data, investors are anxious about Mr. Market again. Last week, unemployment dropped to 7.7%, the lowest it's been in four years. At the same time, payrolls beat forecasts and the eurozone made some progress on its perennial debt issues.

>>5 "Magic Formula" Stocks for 2013

But the lack of buying pressure in stocks over the last couple of weeks shows that investors are still breathing into a paper bag right now.

Yes, the fiscal cliff is a big piece of the puzzle -- the politically fuelled soap opera is likely to keep anxiety readings higher until it's resolved. That said, it's important to remember that equity investors aren't exactly in dire straits right now; the S&P 500 is currently sitting on gains of 12.7% on the year, market volatility is near this year's lows, and stock fundamentals support higher ground for early 2013.

With Christmas right around the corner, the traditional holiday push for stocks could catch a lot of folks by surprise. That's why we're taking a closer look at five new Rocket Stocks to start the week.

>>5 Stocks Insiders are Stashing

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 179 weeks, our weekly list of five plays has outperformed the S&P 500 by 74.5%.

Without further ado, here's a look at this week's Rocket Stocks.

Procter & Gamble

Blue chips don't come any bluer than Procter & Gamble (PG) -- the $192 billion consumer goods maker owns some of the most ubiquitous brands on consumers' shelves. Labels like Charmin, Tide, and Pantene are just a few of the brands in the $1 billion club, the group of 25 P&G units that generate more than a billion dollars worth of global sales each year. That's more giant brands than any other household products maker can boast.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,149.15 +17.18 0.10%
S&P 500 1,999.45 +0.47 0.02%
NASDAQ 4,556.6060 +3.8470 0.08%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs