BALTIMORE ( Stockpickr) -- Stocks face-planted on Friday, but they're bouncing back in this morning's session thanks in part to some positive data coming out of Europe overnight.
Last week's drop in the S&P 500 won the title of the biggest 5-day span of selling for May. That's quite a feat considering the fact that all of that decline was compressed into a four-day trading week. But comments from Mario Draghi (and positive EU factory data) helped to pick stocks up from their bootstraps overnight. That should add onto U.S. stocks' propensity to bounce after Friday's selloff.
The mantra of "new month, new market" has been holding true for stocks since the calendar flipped over to 2013, so now, with stocks starting on the first trading session in June, we'll see if that continues to be the case. To take full advantage, we're turning to a new set of Rocket Stock names to beat Mr. Market.>>3 Hot Stocks to Trade (or Not) 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 202 weeks, our weekly list of five plays has outperformed the S&P 500 by 79.35%. Without further ado, here's a look at this week's Rocket Stocks. >>5 Big Stocks to Sell Now EOG Resources Oil and gas E&P EOG Resources ( EOG) tops off our Rocket Stocks list this week. The $35 billion energy firm has seen its share price climb by just 7% year-to-date, paltry performance vs. the rest of the stock market -- but it's managed to beat the much-worse performance of the commodities that it trades this year, earning ample returns by comparison. EOG's energy sector outperformance this year has everything to do with its stellar execution. >>4 Stocks for Surging Natural Gas EOG owns proven reserves of 1.8 billion barrels of oil equivalent spread across North America, with a smaller presence in Trinidad and Tobago, the UK, Argentina and China. Just under half of EOG's reserves come from crude oil -- the balance is made up of liquids-rich natural gas, an asset that's proven challenging for many firms as the commodity's market price skidded across multi-year low prices. But nat gas prices have rebounded in a minor way this year, a fact that's helped to buoy EOG's profitability.
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