Top Rocket Stocks for Week of May 5

Update from 7:01 a.m. EDT

Each week, in my research for potential rocket stocks, I look for the possible near-term catalysts that could drive specific stocks higher. I'm searching for stocks that are likely to have the most volatility in the coming days, with the idea that the odds are greater that the volatility will move in a positive direction.

But before we get to this week's Rocket Stock portfolio, let's take a quick look at how last week's picks fared.

• Flowserve (FLS Quote): Up more than 12% at one point during the week, and ending the week with a 9% gain. The company posted positive earnings results and raised its 2008 profit guidance.
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