The steel sector is on fire right now. As international countries demand more steel, SCHN seems like a natural take-over target by X. SCHN also has earnings on this week and with great pricing power we should see a nice pop upward.

Worth keeping an eye is Nortel Networks which is down from a 52-week high of $26.49 to its current levels of $6.53. Last week Nortel won a 5 year contract from US Cellular to beef up the company’s network. The deal will allow US Cellular, the 6th largest wireless company in the US to keep adding subscribers and provide additional web browsing services. Also, last week the CEO of Nortel bought 83,500 shares at $6.2-3.37. Nortel has a forward PE of 6.73 and stated book value of 6.305

Was triggered a buy in our 3x2 trading system. Was up almost 3.5% in a down market on Friday. AZZ manufactures and sells electrical equipment and components for power generation. With earnings out on the 4th look for a nice beat.

Near its 52-week low with a PE of11.7 FDO should see a nice boost in sales as consumers start shopping at discount retailers.

Also worth keeping an eye on is Evergreen Solar (ESLR). With the solar stocks coming back into flavor, Evergreen is the best positioned as they have a 10-year polysilicon supply deal, which should limit the company’s costs. Evergreen also has a 20% short position, which could fuel a sharp rally. Cheryl Tang of Goldman Sachs called Solarfun’s earnings “solid”. So, as traders try to boost performance and oil at record levels looking for a short lived rally in the solar stocks.

Technical snapback rally is due.

Got an upgrade last week with a $72 price target—This upgrade was lost in the market’s madness. VLO is starting to look very attractive—MASSIVE BUYBACK

Rumors that RIMM has made its way successfully into China—Look for any update on this front to really rock the stock higher.