BALTIMORE (Stockpickr) – Stocks posted their biggest weekly gain in almost two years last week, reversing a similarly material corrective move from the prior week. Put simply, stock investors are getting a Santa Claus rally to end 2014.
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Don't be fooled by the short, low-volume Christmas trading week – even though U.S. markets are operating on a shortened schedule for the holidays, there's real potential for stocks to set to record highs before the calendar flips to 2015. Historically, the final weeks of the year tend to come with gains as investors position themselves ahead of the New Year.
This year, to take full advantage of a potential Santa Claus Rally, we're turning to a fresh set of five Rocket Stocks to buy for gains 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 279 weeks, our weekly list of five plays has outperformed the S&P 500's record run by 77.28%.
Without further ado, here's a look at this week's Rocket Stocks.
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