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 You Should Buy as Stocks Bounce

BALTIMORE ( Stockpickr) -- A bout of spring snow moving in on Wall Street is putting traders back in the holiday spirit this March morning, as Mr. Market stages a big bounce from last week's consolidation phase. While the real reason for this morning's buoyancy in stocks probably has more to do with Cyprus and the broad market's technicals than it does with the weather, the important thing is that the S&P 500 is continuing its orderly rally this week.

>>5 Stocks Ready to Break Out

With the S&P within grabbing distance of all-time highs before the open this morning, investors have good reason to ascribe some importance to today's price action. New highs are significant from a psychological perspective, and these highs are especially compelling because they haven't been led by big names such as Apple (AAPL), Exxon Mobil (XOM) and Wal-Mart (WMT). Instead, the rally has soldiered on in spite of them.

As the biggest market cap components of the S&P 500 start playing catch up, we could see some significant fuel thrown on top of this stock ascent. That's reason enough to take a closer look at five new Rocket Stock names this week.

>>5 Huge Stocks to Trade for Gains

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 192 weeks, our weekly list of five plays has outperformed the S&P 500 by 72.4%.

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

>>5 Must-Own Dividend Stocks for 2013

Johnson & Johnson

Up first is health care giant Johnson & Johnson (JNJ - Get Report). This $217 billion health stock is one of the mega-cap names that's been leading the push to new highs in 2013, with shares up close to 14% since the first trading session of the new year. Johnson & Johnson's positioning as the prototypical blue-chip stock gives it some extra shimmer in this market environment; the firm's 3% dividend yield is an attractive bonus while interest rates remain near historic lows.
1 of 5

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

Check Out Our Best Services for Investors

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
AXP $63.92 -0.53%
AZO $774.04 -1.45%
K $75.05 -2.56%
JNJ $112.88 0.59%
VMW $55.40 0.07%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs