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Ugh, I wouldn't want to be Larry Summers this morning. The former Treasury secretary set off a rally in stock futures yesterday, when he withdrew his name from the
Fed Chairman job. The market has voted: Investors hate Larry Summers.
>>Why Wall Street Got Apple Wrong
But don't worry too much about Larry. It's probably safe to say he's got a thick skin.
Instead, investors should be paying attention to the market's reaction. As I write just ahead of the open this morning, equities are pointed at some serious follow-through this Monday. That's a big deal after a technically-significant bounce that slingshotted stocks 1.98% higher last week.
And it's creating some buying opportunities this week. To make the most of them, we're turning to a
new set of Rocket Stocks.
>>5 Stocks Ready 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 214 weeks, our weekly list of five plays has outperformed the S&P 500 by 88.85%.
Without further ado, here's a look at
this week's Rocket Stocks.