BALTIMORE (Stockpickr) -- With the first few trading sessions of May behind us, should you follow the old mantra of "sell in May and go away?"
Well, with the benefit of hindsight, selling in March and going away would have proven pretty fruitful. The S&P 500 index is no better off than it was more than two months ago, showing investors the first meaningful sideways slug in more than a year. As for May, the well-worn selling advice is more superstition than prudent market timing.
For instance, last May, buying stocks was actually a very good move the S&P 500 climbed 2.3% for the month. And with the broad market effectively sitting at the end of a two-month sideways correction, the deck is stacked in buyers' favor this month.
To make that most of that cycle swing, we're turning to a new set of "Rocket Stock" names worth buying 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 247 weeks, our weekly list of five plays has outperformed the S&P 500 by 79.41%.
Without further ado, here's a look at this week's Rocket Stocks.