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 to Buy for a Happy New Year

BALTIMORE ( Stockpickr) -- It may be New Year's Eve today, but Mr. Market isn't pulling out the noisemakers and hunkering down to watch the ball drop just yet; we've got the final trading day of 2012 to get through first.

>>5 Huge Trades for a Volatile 2013

And early indications point the year ending on a high note today...

Even though stocks have been in corrective mode for the last couple of weeks, 2012 was probably a more bullish year than it felt like. Stocks rallied more than 11.5% between January's first trading session and Friday's close, making the year a solid performer on a historical basis. If it didn't feel like it to you, you're not alone -- investors have been underestimating the market's performance since the housing crash sent retail investors fleeing from stocks. Bloomberg estimates that Americans have missed out on $200 billion of stocks gains because of that.

Now, the fact that the S&P 500 remains in a well-defined uptrend heading into 2013 bodes well for a repeat performance. So it may be a good time to tune into the stock stories getting told on Wall Street right now. That's why we're turning to a new set of Rocket Stock names this week.

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 182 weeks, our weekly list of five plays has outperformed the S&P 500 by 72.9%.

>>5 Stocks Warren Buffett Loves

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

Wells Fargo

2012 has been a stellar year for Wells Fargo (WFC). Shares of the $180 billion banking giant have rallied more than 23% so far this year, besting the broad market by a wide margin. Wells Fargo has earned a reputation as the best of the bank stocks -- and by and large, that's a reputation that the 160-year-old firm has lived up to.

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 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

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