BALTIMORE (Stockpickr) -- Corporate earnings continue to be the big driver of market prices this week, as earnings season hits its final stretch. And overwhelmingly, this earnings season has stomped Wall Street's expectations for the quarter: as I write, a full 80% of S&P 500 components has beaten Q3 earnings estimates.
Those low expectations have helped to fuel the recent rebound in stocks; the average stock in the S&P has jumped more than 4% in reaction to earnings this quarter.
This week, the big stock indices will be testing high ground once again -- that's because the S&P and the Dow each made new record closes on Friday. As sentiment continues to build in favor of stocks in November, the chances of one-upping those record look good this week. To take full advantage, we're turning to a fresh 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 273 weeks, our weekly list of five plays has outperformed the S&P 500's record run by 79.64%.
Without further ado, here's a look at this week's Rocket Stocks.
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