Rocket Stocks for the Week
Updated from 7 a.m. EDT
Due to capital constraints, time limitations or the simple fact of life getting in the way, most people cannot trade frequently enough to make most trading strategies work, and that is why I write this weekly Rocket Stock column.
My main goal here is to find stocks that can rise in the coming week, no matter how the market moves. I like to look for snapbacks, earnings plays and other tradable market catalysts. As a general rule, you want to buy extreme weakness and sell extreme strength.
Last week's volatility was particularly nerve-racking, as the
Dow Jones Industrial
average broke below 8,000; however, we can take solace in the fact that the market held those levels and rallied back almost 10% intraday.
Here is this week's
portfolio, which includes
Heinz
(HNZ)
and
Optimer
(OPTR)
.
To read more,
.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
Financial Times
and the author of
Trade Like a Hedge Fund
,
Trade Like Warren Buffett
and
SuperCa$h
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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