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While most investors were distracted by the government shutdown last month, the
S&P 500 churned out a whopping 4.5% gain for October. A strong October isn't out of the ordinary; the fourth quarter is statistically the most fruitful one for investors. But considering the 23.5% rally that the S&P has pushed out year-to-date, that's really saying something.
So with stocks looking auspicious as November kicks off, let's take a look at five new Rocket Stock names.
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 221 weeks, our weekly list of five plays has outperformed the
S&P 500 by 90.2%.
>>5 Dividend Boosters That Could Really Pay Off
Without further ado, here's a look at
this week's Rocket Stocks.