BALTIMORE ( Stockpickr) -- Buyers slapped on their capes and tights once again last week, saving the stock market from falling off the cliff that is the 50-day moving average. Both the S&P 500 and the Dow bounced off a key support level as buyers got more confident in their abilities to buy the bounce.
Since this rally started in November, we've been in a buy-the-dips market. Well, last week was a dip.
One of my colleagues called this past month a "buzzword correction." And he's right. From the dreaded Fed "taper" to Abenomics, we're just in a 2013 version of the fiscal cliff and sequester of last year. If the bears can suspend their disbelief in this rally for just a moment, we should be able to see the S&P climb back up to trendline resistance just in time for a new buzzword to hit the headlines.So while most investors sit fretting over just how fast Ben Bernanke's twisting the faucet, we'll turn to a new set of Rocket Stock names for outperformance this week. >>5 Sin Stocks to Play Defense 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 204 weeks, our weekly list of five plays has outperformed the S&P 500 by 80.01%. Without further ado, here's a look at this week's Rocket Stocks. >>5 Big Trades for a Ping-Pong Market
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts