BALTIMORE (Stockpickr) -- It's hard to believe that July is just a trading session away. Stocks may have started off the year in sideways mode, but U.S. markets have been definitively clawing their way higher in the last month and change.
As of this writing, 2014 is the year of the second-best May-to-June run for the S&P 500 in the last decade. Since May 1, the big index has rallied 4.1%. Only 2009's rebound-year gains came in higher --and not by much.
So much for "sell in May and go away" -- and so much for summer doldrums. We're still very much in a "buy-the-dips market" as we head into July, and to take full advantage of the upward mobility in equity prices, we're turning to a new set of Rocket Stocks 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 255 weeks, our weekly list of five plays has outperformed the S&P 500 by 78.78%.
Without further ado, here's a look at this week's Rocket Stocks.