BALTIMORE ( Stockpickr) -- The S&P 500 may not have moved much last week -- just 0.46% -- but it was certainly an eventful week to be an investor.
Between a new set of Fed minutes, an announcement that Microsoft ( MSFT) CEO Steve Ballmer was retiring (which sparked a $20 billion boost in the stock's value), and a three-hour trading halt in the Nasdaq, it was an action-packed week. But ultimately all three of those bombshells are better attention grabbers than they are market movers.
More relevant is the big bounce that the S&P took off of its long-term trendline last week. That paints a bullish picture for stocks, even as investors are more anxious than ever. To take advantage of that mismatch, we're turning to a new set of Rocket Stocks 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 212 weeks, our weekly list of five plays has outperformed the S&P 500 by 87%. >>5 Stocks Warren Buffett Is Buying in 2013 Without further ado, here's a look at this week's Rocket Stocks.
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