Rocket Stocks for the Week

These stocks could surge higher in the coming week.
Author:
Publish date:

Updated from 8:12 a.m. EST

With the holiday week upon us, traders and investors are expecting total market volume to be extremely light this week.

Generally speaking, holiday weeks have a positive basis upward in the capital markets, so if you want to go buy some

Apple

(AAPL) - Get Report

under $90 on the news that Steve Jobs will not be giving the key-note address at MacWorld, that seems smart. Or some

General Electric

(GE) - Get Report

at about $15 after S&P came out with a nonsensical credit watch on the company's credit rating for 2009, that also seems smart.

But remember that this week, little financial bets will be made in the capital markets, and that is how I am positioning this week's

Rocket Stocks portfolio

.

Here is a recap of how last week's Rocket Stocks ideas performed:

Long

3Com

(COMS)

: Ended the week up 20% after reporting fiscal second-quarter profit of $12.9 million, or 3 cents a share, from a loss of $35.6 million, or 9 cents a share, in the year-ago period. Excluding items, the company would have reported earnings of 12 cents a share, which is substantially higher than analysts' estimates of 5 cents per share. 3Com was a long trade of the quarter that worked perfectly.

To read more,

visit Stockpickr.com

.

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

Stockpickr

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;

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