Rocket Stocks to Watch This Week
Updated from 6:59 a.m. EDT
With seven out of the last 10 trading days experiencing multiple 200-point rallies and declines, this market makes it nearly impossible to invest for the long term; instead, it caters to short-term traders. Not that you can't
consider
picking a bottom in, say, a
Microsoft
(MSFT) - Get Report
,
Sprint
(S) - Get Report
or even
AIG
(AIG) - Get Report
.
Names that appear in the weekly Rocket Stocks portfolio do just that: cater to the short-term trader.
This week's portfolio includes such names as
Deere
(DE) - Get Report
,
Macy's
(M) - Get Report
and
Washington Mutual
(WM) - Get Report
.
To read the rest and for more stocks that could rocket higher this week, please click here.
A note from James Altucher:Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to atheme but also offer significant analysis as to why the stocks are cheap.Here are some examples: Here's the challenge: Build a portfolio at Stockpickr.com with greatanalysis, and send me the link. Each great portfolio (with analysis)will get posted on TheStreet.com with your byline (as a "StockpickrGuest Columnist") and will be included in my email I send to Jim and the otherhedge fund managers on my list.
- Stocksrelated to drilling the Marcellus Shale
- MLPSwith yields above 7%
- Microcapstrading for less than tangible book
- Stocksthat do well after Hurricanes
At the time of publication, Altucher and/or his fund was long Nvidia, 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.
TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.
