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Below is part two of "Top Rebound Stocks for the Rest of 2011". As long as we don't have really bad policy errors from Washington, stocks could have a better second half of 2011. I believe these stocks are well positioned to rebound higher from their current levels later this year. I would only buy these stocks in stages, so I can take advantage of any further dips in these names, if there are any.

Central European Distribution Corp. (NASDAQ:CEDC) shares are trading at $11.11. CEDC is a leading beverage distribution company, based in Pennsylvania. The 50 day moving average is $11.63 and the 200 day moving average is $18.75. Earnings estimates for CEDC are 92 cents per share in 2011 and $1.38 for 2012. The 52 week range is $10 to $28.08. Book value is stated at $23.83.

Why CEDC could rebound in 2011: Just months ago, this company reported earnings which disappointed the market and the share price dropped significantly. With the stock down to around $11, I think it is a great opportunity to be buying in stages, so you can take advantage of any further weakness. Multiple insiders have been taking advantage of the sell off and loading up on these shares this year.

Tata Motors Ltd., (NYSE:TTM) shares are trading at $22. Tata is a major automobile maker with premium brands like Jaguar and Land Rover and is based in India. The 50 day moving average is $24.57 and the 200 day moving average is $26.83. Earnings estimates for TTM are at $2.97 per share in 2011 and $3.42 for 2012. The 52 week range is $16.72 to $37.65.

Why TTM could rebound in 2011: These shares are undervalued with a PE ratio of just over 7 and the stock started to rebound from about $21. India's economy is growing rapidly and will be one of the fastest growing car markets in the coming years. Tata is well positioned to benefit as they offer extremely low cost autos and luxury as well.

Aercap Holdings (NYSE:AER) shares are trading at $12.71. Aercap is a leading aviation leasing company. The 50 day moving average is $13.29 and the 200 day moving average is $13.46. AER is estimated to earn about $1.82 per share in 2011. Book value is listed at $15.32 per share which is significantly less than the current share price.

Why AER could rebound in 2011: Companies that are based in Europe have been hit hard by the concerns over debt issues, however those concerns should be price in now. These shares are trading at a substantial discount to the market PE ratio and are well below book value.

Radioshack Corp. (NYSE:RSH) shares are trading at $12.85. Radioshack operates a chain of specialty retail stores focused on electronics, computers and other items. These shares have traded in a range between $12.51 to $23.38 in the past 52 weeks. The 50 day moving average is $14.75 and the 200 day moving average is $17.06. Earnings estimates for RSH are $1.67 per share in 2011 and $1.82 for 2012, so the PE ratio is about 7 on these shares. RSH pays a dividend of 25 cents per share which is equivalent to a 1.9% yield.

Why RSH could rebound in 2011: The PE ratio and other valuation metrics indicate these shares are cheap. I think it makes sense to start buying now and average into a position over time. In only 3 months or so, investors will be looking to buy cheap retailers that might see gains from the holiday sales season.

Google Inc. (NASDAQ:GOOG) shares are trading at $493. Google is a leading Internet search engine. The 50 day moving average is $518.48 and the 200 day moving average is $570.39. Earnings estimates for GOOG are $34.52 per share in 2011. The 52 week range is $433.63 to $642.96. This company has a strong balance sheet and the PE ratio is low for the growth potential.

Why GOOG could rebound in 2011: Google continues to innovate and launch new services that could become the next area of growth for them. Aside from that, the shares are undervalued with a PE ratio of only about 13. This stock has dropped with the markets and also due to regulatory concerns, but those issue are not likely to affect the long term growth potential.

The data is sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only.

Source: Top Rebound Stocks for the Rest of 2011 (Part Two)