). Zoran (ZRAN), which was unfairly punished on Thursday, after NVIDIA’s pathetic earnings miss. I smell a snapback rally soon. First off, Zoran has $315 million dollars cash or $6 per share sitting in the bank, with zero debt. Revenues have grown from $108 million in 2001 to over $507 million in 2007. As one of the largest sellers of electronic equipment, only 6% of total sales come from both the US and European end markets. This means, that whatever slowdown might be taking place in the United States, should not hurt Zoran. However, it is worth noting that Best Buy (BBY) did surprise analysts with how many electronic units it sold, although it came with a price: lower margins. Last quarter, Zoran, shot up 15% in a single day, after raising its 2008 outlook----my guess is that this trend continues.

Another name, investors and traders should keep an eye on are shares of Century Aluminum (CENX). This week Alcoa (AA) reports earnings which could be the catalyst for Century Aluminum. Despite the fact that aluminum prices are near a 12-month high, there are some fears that higher input costs could hurt the Alcoa, and thus Century Aluminum’s earnings. My guess, is that while aluminum smelting, certainly isn’t the most energy efficient task around, the higher prices should more than compensate the additional input costs. Century Aluminum is also dirty cheap, trading with a forward P/E of 6.28 and has a mammoth size short position of around 20%

The rail sector has been on FIRE and this beaten up indirect play, could move higher after it reports. High short level as well

Earnings play that is sitting on its 52-week low.

$20 million in cash and no debt, MSC makes various composites for consisting of metals. Should move higher on after its earnings report

High beta snapback play on the steel stocks. High short level and there are some rumors that ZEUS could get boughtout

Aerospace is only 25% of the companys total rev. Should report a solid earinngs # and push its shares off the 52-week low list. Cheap stock

Snapback name in the coal sector, was almost 30% higher 2 weeks ago