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Stockpickr) -- Unlikely as it may have seemed after last Monday's 1.8% tumble in the
S&P 500, the biggest single-day drop of the year, Mr. Market actually managed to end the week higher (just barely). Friday's close put the big index just 3% away from 2007's record highs. And for investors, that persistence in rally attempts is a very good thing.
With the first full trading week in March kicking off this morning, we're going to get a quick answer to whether February's correction is drawing to a close now that a new month is on the calendar. To take full advantage, we're turning to a new set of Rocket Stock names this week.
>>5 Stocks Poised for Breakouts
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 189 weeks, our weekly list of five plays has outperformed the S&P 500 by 77.08%.
Without further ado, here's a look at
this week's Rocket Stocks.
>>5 Huge Stocks You Need to SellEnterprise Products Partners
While a natural gas master limited partnership hasn't made our Rocket Stocks list in quite a while, that's changing this week with
Enterprise Products Partners(EPD - Get Report). The $51 billion gas and oil transportation and processing firm has had a stellar run so far in 2013, climbing more than 13% since the start of the new year. Now EPD is looking to tack on even more performance as the broad market flirts with another leg of this rally.
Enterprise owns nearly 51,000 miles of pipeline spread across the country, with more than 14 billion cubic feet of natural gas storage capacity. That midstream exposure looks particularly lucrative right now, especially as sustained high oil prices have spurred some commercial substitutions to natgas over the last few years. Enterprise is asset-heavy for an MLP, giving it a balance sheet that's difficult to replicate within the legal obligations that peers have to maintain.