Interesting idea. We'll keep an eye on this one.

Public Storage

PSA data by YCharts

Last up on this week's list of Rocket Stocks is $44 billion self-storage REIT Public Storage (PSA - Get Report) . Public Storage has been a spectacular performer lately. Shares are up 26% in the last year, and it's one of the few stocks that are actually up in 2016 too. And this REIT's upward trajectory isn't showing any signs of slowing as we head into February.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.

Public Storage is the largest self-storage REIT on the market today. The firm owns a stake in more than 2,000 storage facilities in the U.S. and another 200 in Europe. It also owns a billion-dollar stake in publicly-traded PS Business Parks (PSB) . Because of Public Storage's recession-resistant storage rental income, exposure to valuable real estate, and REIT legal status, it's been a solid way to play defense in recent months.

Must Read: 5 Stocks Ready to Call Up Big Gains in 2016

Don't be thrown off by the threat of rising interest rates on a high-profile REIT like Public Storage. While higher rates are typically thought of as a negative for big dividend payers, they could actually help push PSA's common stock higher in 2016. That's because higher interest rates give the firm the justification to reset its short-term storage unit leases at higher rates more quickly than its cost of capital. This stock has relied on debt as a last resort, instead financing much of its growth through much more flexible preferred shares (rising rates are less good for anyone who owns those preferred shares, however).

Public Storage's outperformance continues to look strong this week. We're betting on shares.