Updated from 7:04 a.m. EDT

Enough with the emotional opening rant. Stocks are dirt cheap, and I am soon expecting a "rip-your-face-off" rally. Remember, the stocks that have been beaten down the most tend to snapback the hardest.

This week's Rocket Stocks portfolio includes such names as CIT Group ( JNPR), XL Capital ( XL) and Freeport-McMoran ( FCX).

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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 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; click here to send him an email.

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