April showers might just bring May flowers for investors this year.
April started with a stammer, continuing the correction in the S&P 500 index that began back at the start of March. But the month ended strong, finishing Friday just 0.7% shy of the all-time highs the S&P set earlier this year. Simply put, the S&P is just a strong trading session away from being higher than ever before in history. That's a pretty strong place to start a new month.
And as earnings season pushes on, the overwhelming positive earnings surprise stocks are seeing this quarter is helping to fuel higher ground ahead.
To find the stocks that look most likely to lead the market higher this spring, we're turning to a fresh set of "Rocket Stocks" worth buying this week.
In case you're not familiar, 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 past 397 weeks, our weekly list of plays has outperformed the S&P 500's record-breaking run by 77.38%.
So, without further ado, here's a look at this week's Rocket Stocks.