This Week's Rocket Stocks Portfolio Update

Historically, the best time to be a buyer of stocks is when fear, panic and uncertainty riddle market psychology and send stocks to discount prices. As traders' emotions constantly shift, it can be especially hard to time when to take profits.

Each week I write a Rocket Stocks column and compile a Rocket Stock portfolio in which I try to identify stocks that could move much higher in the coming week, no matter how the market does. These Rocket Stocks picks are primarily for people who like to trade around market-independent catalysts.

Prudent investing involves taking profits, and with the market up 550 points in two days, that is exactly what I am recommending with this week's picks.

I recommended Deere(DE Quote) as a play off last week's broad selloff. Deere delivered a huge quarter last week, reporting earnings that handily beat even the highest Wall Street estimates. While shares were up, most investors and traders were preoccupied with the market selloff and did not give Deere the respect it deserved. With the stock now up nearly 7% since I wrote about it Monday, I would take profits. ...