BALTIMORE (Stockpickr) -- Stocks ended on a high note last week, booking the highest Friday close in the history of the S&P 500. Now it looks like the big indices are starting the week hungover after too much celebrating.
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China concerns are dragging global markets lower this morning, with Shanghai's SSE Composite and Hong Kong's Hang Seng down 1.7% and 1.44% on the day respectively. Even though the S&P 500 isn't looking quite as weighty this morning, it still makes sense to own strength heading into this week – the relatively weak session on Friday is a good indication that equities are struggling to gain traction in September.
So, to position ourselves for upside, we're turning to a new set of "Rocket Stocks" that look ready for blastoff 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 266 weeks, our weekly list of five plays has outperformed the S&P 500's record run by 80.81%.
Without further ado, here's a look at this week's Rocket Stocks.
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