5 Rocket Stocks Ready for Blastoff

Tickers in this article: AMZN T V SPG MO
BALTIMORE ( Stockpickr) -- Even though the broad market is still stammering after Friday's 1.6% pullback in the S&P 500 , a new set of Rocket Stocks is fueling up for blastoff this week.

Friday's pullback was even more painful for NASDAQ stocks, the index crashing 2.25% by the session's close as pressure from jobs numbers and black clouds from Europe blew over trading floors in New York. This morning, things aren't looking much better thanks to massive selling in Asia and to a much lesser extent in Europe today.

All told, last week took 2.44% out of the S&P 500, ringing in the biggest weekly loss in 2012. That sort of "record setting" decline is more significant for the headline effects it'll have on investors than the actual implications of the pullback. At this point, the S&P remains cautiously strong from both a technical and fundamental perspective. With the tail end of earnings season wrapping up this week, piling more money onto the S&P's record corporate profits could help snap investors out of "risk off" mode.

>>5 Stocks Under $10 Set to Soar

With all of this going on behind the scenes, it makes sense to pay attention to the Rocket Stock names that are fuelling up on strong performance right now.

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 150 weeks, our weekly list of five plays has outperformed the S&P 500 by 80.92%.

With that, here's a look at this week's Rocket Stocks .

AT&T

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Ask any analyst who the biggest mobile carrier in the country is, and they're sure to tell you Verizon(VZ) , of course. But au contraire, what if I were to tell you that top rival AT&T(T) was, in fact, much bigger?

Even though Verizon Wireless boasts millions more customers, VZ only owns 55% of its cellular carrier subsidiary. AT&T, on the other hand, lays claim to all of AT&T Mobility and its 89 million cell phone subscribers.

That's not the only reason to like AT&T as an investor. The firm's wireline business provides phone service to approximately 40 million more customers and gives AT&T massive inroads into triple-play U-verse packages that offer the company much deeper margins than single-service subscribers. The result of all of those businesses is cash -- AT&T threw off approximately $3.5 billion in cold hard cash in its most recent quarter, all of which was returned to shareholders.