BALTIMORE ( Stockpickr) -- The weak economic data hitting Wall Street continued to push investors away from risky assets -- such as stocks -- last week, and into safer, less-volatile instruments such as bonds, gold and U.S. government debt. All the while, a handful of cash-rich firms have been taking advantage of depressed equity prices by going on a buying spree.If Monday's lower market open is any indicator, companies looking for cheap merger and acquisition opportunities won't be disappointed heading into the last few trading days of August. Investors would do well to use that mentality when approaching this market. While traders are ruling the roost in the short-term, taking advantage of short-term price volatility, there are more than a few emerging opportunities for value investors available right now. We'll attempt to uncover more than a couple of them today with our newest batch of Rocket Stocks plays. For the uninitiated, Rocket Stocks are our weekly list of companies with short-term gain catalysts and longer-term growth potential. In the last 58 weeks, Rocket Stocks have outperformed the S&P 500 by 62.87%. Here's this week's list of Rocket Stocks to watch.
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First up this week is Dollar General ( DG), a perennial favorite Rocket play over the course of the last year. The main reason for our infatuation with this dollar store competitor is recession resistance. With a large footprint in the deep discount retail market, this stock is able to cater to more customers who want to buy the necessities at the lowest possible cost.
Another well-known consumer stock that's made our Rocket Stocks list in the past is Campbell Soup ( CPB). The $12.7 billion food-processing giant may be best known for its soup, but that's far from its only business. Over the years, Campbell has expanded its brand portfolio to include pantry favorites such as Pepperidge Farm, Prego and V8.
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Competition is equally fierce -- albeit less fragmented -- in the tax business. After all, with nothing certain but death and taxes these days, the question consumers are posed with each year is which preparation service will lend them a hand at navigating the incredibly complex U.S. tax code. One of the giants in this space is H&R Block ( HRB).
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