BALTIMORE Stockpickr -- Is oil finally reaching rock bottom?

If I had a dollar for every time I've heard that question just in , I could buy a couple barrels of crude already. You can bet that's having a big impact on the equity markets in -- even in stocks that stretch far outside the energy sector. Lower energy costs aren't an automatic win for the rest of the market, especially if the dropping cost of oil continues to spook investors this month.

But the deflationary effects of plummeting oil prices could help force the Fed's hand at stimulus, one of the biggest structural drivers of our multi-year rally. With energy in the crosshairs again to start this week, we're taking a look at five new Rocket Stocks to buy for gains. 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. The iPhone 8 and new Intel server chips could provide an extra boost to a booming memory industry during its seasonally stronger months. You may want to stay away from tech, from the crowded trades.

But maybe you shouldn't give up so easily, says Jim Cramer. Memory pricing has held up well during the weakest part of the year. The iPhone 8 and new Intel server chips could provide an extra boost during seasonally stronger months.

The company's new Xbox One X console caters to gaming enthusiasts, and is priced accordingly. Without further ado, here's a look at this week's Rocket Stocks. HP, Lululemon and More - Pg. HP may be one of the longest-tenured technology stocks, but it's been a firm in transition in recent years. That's because the firm plans on breaking apart into two completely separate publicly-traded firms: It's the latter that poses the greatest opportunity for investors. That's a level of profitability that you just won't find in Hewlett-Packard's PC business.

Breaking the two apart should unlock value for shareholders, particularly as the enterprise side of the puzzle continues to grow. Enterprise sales aren't just more lucrative -- they're also stickier. Because they're more tightly integrated with companies' infrastructure, the cost of integration is higher, and the tools are more proprietary.

Compare that with PCs, which have basically become commoditized at this point, and it's not hard to figure out which business looks better for investors to own.

Best Stocks to Buy Under $10 a Share

Critically, HPQ has been investing heavily in growing its most attractive offerings -- and succeeding. In recent years, internal growth has been a lot more fruitful than acquisition attempts for Hewlett-Packard.

With rising analyst sentiment in shares this week, we're betting on this Rocket Stock. Here's why it's set to keep outperforming in But Becton has been moving out of that core business, adding more lucrative medical devices to the firm's product mix.

Those more specialized medical device sales, like diagnostic tools and cell-imaging systems, come with fatter margins. The pending acquisition of CareFusion CFN beefs up Becton's tech portfolio, adding lucrative IP and major cross-selling opportunities.

From a financial perspective, BDX is in good shape. While buying CFN will boost Becton's debt load, the firm currently only carries a little over a billion in net debt, putting the deal well within its means. The onus is on BDX here. If the firm can integrate its new target quickly and effectively, it should generate maximum shareholder returns.

Meanwhile, momentum is clearly bullish at BDX, and we're taking advantage of that trend. NXP Semiconductors NXP Semiconductors NXPI is another name that's enjoying some stellar tailwinds in recent months. Netherlands-based NXPI makes semiconductors used for everything from microcontrollers and power management modules to near-field communications chips.

That means even if you've never heard the NXP name before, there's a very good chance you've come in contact with the firm's products. NXP sells directly to OEMs in the automotive, finance, and technology sectors. From a financial standpoint, NXPI is in stellar shape. While NXPI's earnings multiple is far from cheap at 41 times, that's a side-effect of the growth potential of the firm's core businesses in the coming quarters.

Access Denied

Profitability has been expanding in recent years, as NXP finds scale and efficiencies in attractive markets. With shares hitting new all-time highs this week, we're riding NXPI's momentum in January.

The firm gives away its Linux operating system and enterprise software tools, opting instead to make money through training, maintenance and tech support fees that it charges businesses. The low acquisition cost has helped to provide RHT with a brisk growth rate in a lucrative business.

Small Cap Leader - Free NASDAQ Stock Picks and Small Cap Stocks

That makes zero licensing costs an easy sell for Red Hat's open source solutions. Meanwhile, closed-source operating systems have licensing costs that materially increase the cost of the total box, making it a no-brainer for cost-sensitive customers.

Because Red Hat has such a big installed base, switching costs are high for customers considering other software makers' solutions. Increasing demand for server space should continue to be the tide that lifts all ships in the industry. While RHT's current valuation is far from cheap, that big cash cushion is an important risk reducer here.

Investors are paying attention to the recent resurgence in relative strength in Lululemon. LULU has been a major branding growth story. The firm has expanded to more than stores worldwide, reaching scale that's starting to move the needle on the retail front. Active wear is a good business if you can get it -- margins are deep and consumer stickiness and evangelism is high, but staying that way requires nimble management that's able to accurately forecast consumer trends.

If LULU wants to keep collecting premium prices for its clothing, it'll need to stay that way. That lack of balance sheet leverage is a major positive for the firm. By not getting ahead of itself on capital spending, Lululemon can handle any potential economic hiccups more gracefully in and beyond. LULU's expansion beyond yoga and increased focus on men's apparel are going to be a pair of big potential growth catalysts to keep an eye on this year.

Follow Stockpickr on Twitter and become a fan on Facebook. At the time of publication, author had no positions in the names mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. He has been featured in Forbes , Investor's Business Daily , and on CNBC. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation. HP, Lululemon and More","contentType": HP, Lululemon and More","smallThumbUrl": HP, Lululemon and More","url": Action Alerts PLUS is a registered trademark of TheStreet, Inc.

You are using an outdated browser. Please upgrade your browser to improve your experience. Jim Cramer's Best Stocks for Most Recent Trade Alert. Subscribe Access insights and guidance from our Wall Street pros. Find the product that's right for you.

HP, Lululemon and More Jonas Elmerraji. Jan 12, Prev 0 of 7 Next. Jun 16, Don't Forget Why You Love Tech Stocks Like Amazon, Jim Cramer Explains You may want to stay away from tech, from the crowded trades. Jun 16, 9: Memory Prices Remain Very Strong, and Apple and Intel Could Help Keep Them That Way Memory pricing has held up well during the weakest part of the year.

Jun 15, 8: Microsoft Is Finished Trying to Make Its Xbox Business Everything for Everyone The company's new Xbox One X console caters to gaming enthusiasts, and is priced accordingly. Jun 12, 8: Apple 'Supercycle' Fans Have Something New to Worry About: Intel Just Got Smoked By AMD In the Race to Unleash a Super Chip.

Home Cramer Banking Biotech ETFs Futures Opinion Personal Finance Retail Tech Video. Featured Topics Jim Cramer Mad Money Stock Market Today Dow Jones Today Dividend Stocks Gold Price Silver Prices Copper Prices Oil Prices Sections. Popular Pages Best Stocks Best Stocks to Buy High Dividend Stocks Stock Market Holidays Earnings Calendar Ex Dividend Date ETF Ratings Mutual Fund Ratings Best Online Brokers.

Stay Connected Feedback About Us Investor Relations Advertise Reprints Customer Service Employment Privacy Policy Terms of Use Topic Archive Video Sitemap Data Affiliate Press Room.