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This Week's Rocket Stocks Portfolio Update

An additional pick.

Almost everyone is happy when markets trend higher. But unfortunately, this is almost never the case.

Each week at Stockpickr, we look for short-term catalysts and snapback plays that could move higher no matter what the market does, and I present these picks each Monday morning in

Rocket Stocks portfolio


With more than 8,000 publicly traded companies, there are bound to be a handful of stocks that move higher whether the market is up huge or down huge.

These picks are for the short term, meaning that investors who buy these stocks, based on these catalysts, should hold them for no longer than one or two days (or until the catalyst has triggered). However, selling stocks and locking in gains is one of the toughest things for investors to do; that is why I started writing this weekly update on Wednesday mornings.

I would sell

First Solar

(FSLR) - Get Report

, which rose 6% as oil continued its climb higher. Alternative-energy stocks seem to get their groove at the moment oil touches $80. The business models make it conducive for such companies to be profitable.

I would also get out of

FreightCar America

(RAIL) - Get Report

, which is also up 6%. Nothing changed here fundamentally; we just caught it perfectly. The freight car company still has a ton of cash on the balance sheets, a high short position and an interesting business model. It's definitely one to keep on the watch list.

I'd consider selling



. The telecom company has enjoyed a 10% upward move. While still trading at near cash flow models, there seems to be little fundamental evidence to suggest small cap Chinese stocks should be rallying so much. Let's take our profit and walk away.

And finally I would grab a sell ticket for


(KSS) - Get Report

. The department store was up on Tuesday despite weak economic reports. Kohl's unveiled a new five-year strategic plan to increase store count by 67%. Wall Street loved this and sent shares higher 2%.

This week's update also includes one additional stock. Let's take a look.

TST Recommends

Down some 35% in 10 days,



announced that Silver Lake Partners had cancelled its $2.3 billion acquisition of the company. This news sent shares of Acxiom plummeting near its 52-week low, which might have created a great buying opportunity. Acxiom specializes in data management and, according to



, that business is booming. Having said that, ACXM is certainly no EMC but it does have some similarities.

Silver Lake Partners is not stupid; they saw value here but pulled out at the last moment. Odds are the offer was too high. Let's pick up some shares on the cheap.

Just in case you missed out so far on this week's Rocket Stocks, check out the

Rocket Stocks portfolio


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 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



. 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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