5 Rocket Stocks to Buy for a Short Trading Week
BALTIMORE (Stockpickr) -- U.S. markets stayed shuttered yesterday for the Labor Day holiday, giving traders an extra session's reprieve to think things over before the big indices test new record highs this morning.
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Not that there's been much to think about in terms of trading lately. We've been in a "buy the dips market" for the better part of the last two years, and the start of August was another textbook dip. With September trading kicking off this morning, it still makes sense to focus on names that are showing strength in this market.That's why we're turning to a new set of "Rocket Stock" names 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 263 weeks, our weekly list of five plays has outperformed the S&P 500's record run by 78.59%. Without further ado, here's a look at this week's Rocket Stocks. Read More: 5 Toxic Stocks You Should Sell Now