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Rocket Stocks for the Week

These stocks, including LMT, could surge higher in coming days.

BALTIMORE (Stockpickr) --There's little question which two words will be ruling the market on Monday: Goldman Sachs. With the SEC's decision to charge the storied Wall Street firm with fraud, markets took a significant tumble on Friday, reversing an otherwise uptrending week. And this week, with companies attempting to get analysts' attention with a slew of earnings data, stocks are sure to see an uptick in fundamentals-fueled trading in the next five days.

For our part, we'll attempt to eek the maximum gain potential out of the market by turning to this week's Rocket Stock plays. If you're not yet familiar, Rocket Stocks are our weekly list of beaten-down stocks with near-term growth catalysts and long-term growth potential. They certainly live up to their name -- in the past 39 weeks, our list of intraweek plays has outperformed the S&P 500 index by 48.65%.

Running Clouds, Chasing Cisco (Forbes)

Here's a look at

this week's list


Defense contracting giant

Lockheed Martin

(LMT) - Get Lockheed Martin Corporation Report

releases its first quarter earnings on Wednesday, an event that should have Wall Street watching with baited breath. As one of this week's biggest names to report numbers, as Lockheed Martin goes, so too should go stocks. We're betting that the stock will be headed up this week.

>> Who Owns Lockheed Martin?: Renaissance Technologies


Lockheed Martin has been making decisive moves away from its core business in recent years, courting contracts from new Federal organizations to subsidize the slow in defense spending that many analysts see looming on the horizon. That's a smart move for the company -- unlike rivals such as


(BA) - Get Boeing Company Report

, Lockheed's products lack commercial applications for now.

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That improving focus is impressively forward-looking, but the proof is in the pudding, so to speak. Keep a close eye on what management reports this week.

But even Lockheed looks small compared to the most valuable brand in the world,


(KO) - Get Coca-Cola Company Report

. Coke is another company that's delivering its Q1 2010 results this week, as management hopes to reverse the losing trend the stock has faced year-to-date. We're betting they can...

>> Who Owns Coca-Cola?: Warren Buffett


Coke's biggest advantage in this market is its distribution network. With more than 200 countries within its reach, and significant infrastructure, the company has the global product recognition and delivery capability that most competitors only dream about. The increase in consumer spending across the board inherently trickles down to Coke -- but still analysts are expecting relatively muted results.

If the company can manage to pull out a favorable surprise, expect shares to surge as a result.

TASER International


is having a strong year thanks to double-digit margins and a wide economic moat. But with significant battles ahead for this tiny law enforcement company, shares have tumbled in the last month or so ahead of first quarter earnings. Could now be the time for a good contrarian play?

In the past decade, Taser has made a name for itself thanks to its well-known line of "electronic control devices" -- or stun guns. But with their popularity came controversy -- organizations rallied against the alleged danger of Tasers in recent years, particularly in the wake of some highly publicized incidents. Although potential legal issues are marring Taser's image, other products in the company's pipeline look even more promising.

With trial programs underway for officer-worn video cameras as well as Taser's Software-as-a-Service products, the company is doing a good job of diversifying its revenues with technologically innovative offerings. Expect investors to take an interest in Taser in the next month with corporate events on the horizon.

For more stocks that made this week's cut, including


(GLW) - Get Corning Inc Report



(VMW) - Get VMware, Inc. Class A Report

, check out the

Rocket Stocks portfolio

at Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


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Jonas Elmerraji 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




, and has been featured in

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