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One of the primary goals behind is to help individual investors (myself included) add a little bit of discipline to their trading.

Each day, I constantly check the 52-week low and analyst downgrade lists hoping to find that oversold gem from which readers and fellow investors can profit.

Every week, I compile a new

Rocket Stocks for the Week

portfolio, a list featuring 10 stocks I believe are most likely to climb here in the coming days.

This portfolio does not necessarily contain the ideal stock picks for your mother's 401K (don't worry, we have those on Stockpickr as well), but rather these stocks are ideal picks for momentum traders. Statistically, snapback and breakout stocks have worked well, netting some nice returns.

With the market flat last week, here's the quick take on how

last week's Rocket Stocks

ended the week.

  • Cepheid (CPHD) , up some 8% before ending the week 1.4% higher.
  • Amazon (AMZN) - Get Free Report (a midweek pick), up 2.3%.
  • Apple (AAPL) - Get Free Report, up 4% before ending the week down 5.8%.
  • Thornburg Mortgage( TMA), up 1.6%.
  • Garmin (GRMN) - Get Free Report, up 2.7%.
  • Lundin Mining( LMC), up 3.6% before closing the week down 2.6%.
  • Delia*sundefined (a midweek pick), up 1%.
  • Atmos Energy (ATO) - Get Free Report, down 2.7%.
  • Vulcan Materials (VMC) - Get Free Report, up 1.4% then down 5.4%.
  • Coldwater Creek (CWTR) , up as much as 3.6% but ultimately down 8.4%.
  • Jo-Ann Stores( JAS), down 12%.
  • On2 Technologies( ONT), down 12.3%.

Now let's take a look at

this week's Rocket Stock picks


First up is


(FNSR) - Get Free Report

, a stock that was downgraded last week to buy from strong buy by Needham & Co. The downgrade sent shares to a fresh 52-week low.

Finisar provides optical components that connect local area network and storage data. Some investors feel that Finisar is losing sales to other competitors, but upon a closer look, this does not appear to be the case.

With $100 million in cash on the balance sheet, Finisar is not going anywhere.

ADC Telecommunications

( ADCT), a major competitor, recently reported great earnings showing the true cyclical strength in this sector. I expect similar results from Finisar next quarter.

In the near term, I believe Finisar is poised to bounce back from the 52-week low list as investors and traders see a buying opportunity with the recent selloff.

Next up is



, shares of which fell to a fresh 52-week low just before the retailer announced it had reached a settlement with the

Securities and Exchange Commission

in a previously disclosed investigation into improper collections of vendor markdown allowances.

Although no one ever like to see any problems of this nature, it seems the selloff was overdone.

Right now, many investors (read:


) are grouping stocks that are related to consumers/retailing with the subprime-mortgage mess; and Saks is one of them. Currently near its 52-week low, Saks caters to a different consumer demographic as evidenced by its great same-store sales for the month of August. Saks also has a short position of 11%, which could help give shares a boost on any positive momentum.

Next up is


(BA) - Get Free Report

, which has been hammered nearly 10 points from its high. The jetmaker is in a very interesting situation. Investors felt the need to sell off the stock as there was some speculation that its star plane, the 787 Dreamliner, would have small delays in production.

While the delays are true, it seems as though Boeing will hit its projected target for December. Boeing has a total monopoly in this sector;

Lockheed Martin

(LMT) - Get Free Report

is too busy in the defense contract space and


cannot seem to get its act together.



also makes the Rocket Stocks list again, as its growth is being massively undervalued. I also like

OSI Systems

(OSIS) - Get Free Report



(AA) - Get Free Report

among others.

For the complete list, check out the

Rocket Stocks for the Week of September 10th-14th

portfolio at

To find the snapbacks and potential breakouts on a regular basis, check out these Stockpickr portfolios, which I use in my own research each week:

  • Today's Hot List: This daily list is a must-view at midday each day to see what stocks are making the biggest moves and why.
  • Always check the Biggest Percentage Losers, a list of stocks that lost big the day before, because they can snap back hard. When you check this list on Stockpickr, you can see which stocks are owned by the quality hedge funds and mutual funds. Pay attention to those. They will be buying at the lower prices, so you should be also.
  • Ditto for the 52-week low list. You must check the above two lists every day if you hope to find volatile stocks.
  • Biotech Short Squeezes. Dendreon (DNDN) and others can often be found in this category.
  • Stocks Rising on Unusual Volume: These are potential breakout stocks.
  • Stockpickr's System Trades of the Day: These are trades triggering that day in various backtested trading systems we've developed.
  • Stocks With Unusual Option Activity: Perhaps someone knows something?
  • Latest Activist Situations: These are beaten-down stocks where hedge funds are accumulating and demanding change. Believe me, these hedge funds piggyback each other. And once they start rocking the boat, things happen quickly. This should be on your must-view list.

One final place to frequent is the


section on Stockpickr, where ideas such as those presented in this article are thrown around daily.

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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