Updated from 7:01 a.m. EDT
For stockpicking contests such as TheStreet.com's Beat the Street the goal is not to find the best stock investments for the next 10 years, but to find ones that can either snap back this week because of an irrational selloff the week before or explode higher because of some other potential catalyst the coming week.
With a volatile stock, all you really need is the potential for the short-sellers to start panicking and the momentum trades to start piling in. For example, look at NutriSystem (NTRI Quote), which rallied about 30% last week after raising its first-quarter estimates. With 65% of the float short, this positive news forced the shorts to cover, which led to the sharp rally.
But before I highlight a few stocks from this week's Rocket Stock portfolio let's see how last week's picks fared.
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Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,416.41 | 1,103.74 | 2,196.55 | 34.72 |
Oil *
71.96
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UP
79.36
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UP
7.80
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UP
12.82
|
UP
0.49
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10 Yr
3.47%
SPDR Gold
110.83
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+0.77%
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+0.71%
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+0.59%
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+1.43%
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