BALTIMORE ( Stockpickr) -- Stocks are pointed definitively higher today, buoyed by the Eurozone's reaction to a vote in Crimea that favors joining Russia, as well as an increase in China's trading band for the yuan.
Looks like Mr. Market got a call from the governor at the 11th hour.
That overseas-driven boost in sentiment for stocks couldn't have come at a better time. U.S. indices are starting to look "toppy" after their nonstop run higher from February's lows, and a correction looks likely as we head into the new week. If this morning's buying pressure holds, it could help to derail a move lower this week. Or more likely, it'll postpone it.
A correction doesn't have to be a bad thing. As we've seen for the last 15 months of rallying, corrections are actually a healthy thing for a bull market. But to weather them, you've got to own stocks that are better positioned than the rest of the market. To do that, we're turning to a fresh set of "Rocket Stocks" today.
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 240 weeks, our weekly list of five plays has outperformed the S&P 500 by 82.1%.
Without further ado, here's a look at this week's Rocket Stocks.