5 Rocket Stocks to Buy for a Market Bounce


BALTIMORE (Stockpickr) -- The S&P 500 ended last week 0.81% higher, putting an end to the worst month for stocks since the first half of 2012. One thing's clear from this recent correction: Investors have forgotten what it's like to see downside.

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In fact, while January "felt" like a major move lower for stocks, the selling only moved U.S. markets around 5% off from all-time highs. A catastrophic selloff this wasn't.

But the good news is that it didn't have to be. The correction in stocks was as predictable as last week's bounce was. Now, with the S&P coming off the heels of two strong buying days on Thursday and Friday, we're in for a bounce week.

So it makes sense to bring out your buy list today. To do that, we're turning to a new set of "Rocket Stock" names worth buying.

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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 235 weeks, our weekly list of five plays has outperformed the S&P 500 by 84.47%.

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

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