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By Jonas Elmerraji
) -- If this morning's headlines are any indication, investors are ready to get back into the market's action. As another week of earnings season opens up, 137 of the
companies are set to report their earnings in the next five days. That's an event-packed earnings calendar that could be a huge catalyst for a number of companies -- but especially for this week's
Rocket stocks are beaten-down stocks with near-term growth catalysts and long-term growth potential. And over the course of the last 14 weeks, getting into our weekly list on Monday and selling on Friday would have netted you gains of about 28.9%.
Last week, we played the rising wave of positive earnings sentiment ahead of companies that were set to announce their results. This week, we're making similar bets. Here's a look at
Our biggest winner from last week's Rocket Stocks list was
. The iPhone maker announced its best-ever quarter for both Mac and iPhone sales, $9.87 billion in sales, and eked out an analyst upgrade in the process. Shares of Apple rose 8.45% in the last five trading days.
Another strong performer last week was the thermal imaging system maker
, which reported earnings on Oct. 21. Shares of the company gained 2.48%.
Performing worse were
United Parcel Service
. Still, our Rocket Stocks beat out the S&P 500 last week once again.
Now on to
First up this week is
, a $76 billion mobile phone carrier that operates in a slew of Latin American countries. In 2009 alone, America Movil has seen its share price appreciate by 50%, thanks in large part to strong cellular growth in the developing countries in which it operates.
This huge telco should be able to capitalize well on its market position over the course of the next couple of years, bringing its share price much higher than it currently sits. And with the relative recession resistance of the mobile phone market -- especially in Latin America, where mobile devices are often a family's only phone -- America Movil's cash machine should churn well this week after it announces earnings on Monday.
What do Dan Marino, Jillian Barberie and Don Shula have in common? They're all spokespeople for
weight management system. The company, which announces earnings at Tuesday's market close, has been working hard to shore up its financial position over the course of the last few quarters, growing cash nearly 20% in the last year as tightening wallets threatened discretionary purchases.
But NutriSystem has continued to push for household name status (despite slowing sales) through an aggressive ad campaign. That's a smart move in this advertising market, with rates significantly lower than they've been for the past few years. As this company positions itself for stronger consumer sentiment, investors who position themselves early should do well in the coming months.
A rally in oil couldn't be timelier. With oil companies preparing to announce earnings as well in the coming weeks, actual results could be overshadowed by investor bullishness for black gold. And with investors already nervous at many big oil company cost structures, which were set for $150 oil more than a year ago, any rally in the black stuff could send shares of producers and refiners flying. That's why this week we're also adding
to the mix, ahead of the company's earnings release on Friday.
With oil opening even higher on Monday, expect shares of Chevron to rally in the coming week.
For more stocks that made this week's cut, including
, check out the
-- Written by Jonas Elmerraji in Baltimore.
Stockpickr is a wholly owned subsidiary of TheStreet.com.
At the time of publication, author had no positions in any stocks mentioned.
Jonas Elmerraji, based out of Baltimore, is the editor and portfolio manager of the Rhino Stock Report, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including Forbes and Investopedia, and has been featured in Investor's Business Daily, in Consumer's Digest and on MSNBC.com.