BALTIMORE (Stockpickr) -- Stocks spent most of last week rolling over, with the big S&P 500 index correcting a healthy 0.68% as investors took gains from a market that hasn't been shy about hitting new highs. With the S&P sitting at the top of its recent range at the start of last week, a correction here isn't just normal -- it's expected.
We're likely to see that retracement continue into this week. Put simply, the broad market could give back approximately 4.5% from here without so much as threatening the primary uptrend in stocks that's been in force for the last 19 months.
So what's the best way to cope with a correction in the broad market? Buy the Rocket Stocks.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 253 weeks, our weekly list of five plays has outperformed the S&P 500 by 77.5%. >>5 Toxic Stocks You Should Sell This Summer Without further ado, here's a look at this week's Rocket Stocks.