5 Rocket Stocks Ready to Launch Higher

BALTIMORE ( Stockpickr) -- Last Monday's market misstep -- the largest down day of 2012 -- proved to be less a catastrophe for investors than many expected. Instead, Mr. Market rallied to close the week off, leaving the S&P 500 sitting 0.09% higher by Friday's closing bell.

Even though most investors are shrugging off the selling this week, it's important to pay attention to the cues that came with it.

For starters, last week reminded us that there's still a lot of investor anxiety in the market. That's something that's been indicated by treasury levels for the last few months. In a strong market, we'd expect Treasuries to pull back while stocks rallied. Since Treasuries are still at high levels, it tells us that investors are still loath to part with the security of treasuries right now.

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There is a positive side to that anxiety, though. Because there's a ton of cash in treasuries right now, we know that there's plenty of capital ready to be shoveled into stocks once investors become more confident in this rally. All of that dry powder could keep propelling stocks for a long time in 2012 -- especially if fundamentals continue to justify higher share prices.

To take advantage of that trend, we're turning to a brand new set of Rocket Stock names this week.

For the uninitiated, "Rocket Stocks" are our list of companies with short-term gain catalysts and longer-term growth potential. To find them, I run a weekly quantitative screen that seeks out stocks with a combination of analyst upgrades and positive earnings surprises to identify rising analyst expectations, a bullish signal for stocks in any market. After all, where analysts' expectations are increasing, institutional cash often follows.

In the last 143 weeks, our weekly list of five plays has outperformed the S&P 500 by 82.66%.

With that, here's a look at this week's Rocket Stocks.

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