Eaton designs, manufactures, markets, and services electrical systems and components worldwide. It offers electrical products for power quality, distribution, and control; fluid power systems and services for industrial, mobile, and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions, and specialty controls for performance, fuel economy, and safety. ETN is a tech play on global expansion as well. Right now the market has wrongly sold off international growth based companies. After reporting monster earnings (helped by international growth) ETN hit a high of $105 just under a month ago. While, international growth has not slowed this represents a great buying opportunity for intevstors for a snap-back play

Caterpillar—The newly passed farm bill by the senate will increase the amount of subsidies US farmers will receive. This in turn will help CAT has farmers will have more capital to send in-return helping there weaken domestic business (which really hurt them last quarter). Caterpillar is a play on international growth not national and is poised for a snapback rally.

A very safe bank play. With a div. of 5.2% (which beats T-notes) the market is under-pricing large cap banks paying high divs. If we get a rate cut, these stocks will soar.

After being up 7% last week on HEAVY volume, EMC is finally being re-priced after the IPO of VMW. I have highlighted EMC for sometime—Cramer talked about it on Thursday as a "Momentum Play" – Here is what he said on Thursday of last week regarding EMC "The company owns 87% of VMware's equity, a stake now valued at $6 billion more than in July. VMware stock, offered at $29 on Aug. 13, hit $70 Thursday. Cramer believes that EMC, which trades at 11 times next year's earnings, is cheap. Furthermore, its data storage business is also doing well." Just to add to that each has had double digit earnings growth since (at least) 2002—while it trades at just 11x earnings (which Jim said). Historically, this has been the time to buy high growth tech—Also with the 10-Year trading at 4.7 that has catered to High growth tech

Hudson City Bank (HCBK) which is a Bank stock at its 52-week high. With $50 billion in assets, is handling a 25 percent increase in mortgage applications this year, even as investors stay away from nearly all types of home loans. The bank has been able to skirt market chaos by requiring hefty down payments from borrowers and keeping mortgages on the bank's books rather than selling them to companies that pool mortgages into securities bought by other investors

Pure-snap-back play--After reporting horrible numbers on Thursday PLCE dropped as much as 20%-- They missed on both the top and bottom line. With 2BB in reveune and a market cap of $800MM if mgmt can get their act together PLCE could be a company to invest in again. With a short position of 14% that has been weight on the shares as well. Again, this is a pure-snap back play.

Short Position of 37.25%--Provides weight management and fitness products and services in the U.S. The company recently announced solid second-quarter earnings but issued earnings expectations for the third quarter below Wall Street's estimates. The company did, however, raise its full-year guidance based on a better-than-expected performance for the first half of 2007. We were pleased with the solid growth in our core women's market and continued strength in revenue coming from our ex-customers," said President and Chief Executive Michael J. Hagan. "In addition, the growth in the men's and senior's market segments for the second quarter exceeded our expectations." Shares took a nice hit as people focused on the third-quarter guidance. The company has a short-interest ratio north of 13, so it clearly has a target on its back. So we have a company that raised full-year guidance and is still just trading at eight times cash flows. That is exactly the type of situation in which you could see a nice upward move with shorts taking cover. The next question we ask is do we have some other quality investors in the stock that would lend credibility to this thesis?

MacQuarie is also another play on the global instructor boom. MIC main businesses consist of an airport services business. On Thursday of last week they just announced MIC closed their acquisition of San Jose Jet Center. The combination of San Jose Jet Center with MIC's existing Atlantic Aviation site gives MIC a grip on this sector. The San Jose Jet Center is one of the finest facilities in the industry and the sole FBO operator at San Jose International airport", said Peter Stokes, CEO of Macquarie Infrastructure Company. "We are pleased to be able to add this site to our network of Atlantic Aviation facilities and further expand its nationwide presence into the important ' Silicon Valley' market." --- MIC paid $163.4MM for SJJC. – MIC also yields 6.1%