5 Rocket Stocks to Buy for July

BALTIMORE ( Stockpickr) -- Stocks are kicking off July with a shortened trading month -- markets close early on Wednesday and all day on Thursday for the July 4 holiday. One result of that bifurcated schedule is lower trading volumes in the latter half of the week. You can bet that traders will be taking Friday off en masse.

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And that's especially interesting because of where stocks are sitting right now.

As I write, the S&P 500 is making yet another (so far unsuccessful) attempt at closing recapturing the uptrend that was in force for most of 2013. In other words, investors are going on vacation at a technically significant time for stocks. That should make for some interesting price action this week.

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To hedge our bets, we're turning to a new set of Rocket Stocks for 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 206 weeks, our weekly list of five plays has outperformed the S&P 500 by 79.52%.

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Without further ado, here's a look at this week's Rocket Stocks.

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