James Altucher’s Rocket stocks of the week caters to the short-term trader.

Here are his picks for the week:

Harvard Bioscience (HBIO): The company reports this week and is a perfect earnings play. Harvard, which develops and manufactures a range of medical tools for use in research, should have a monster quarter. Axsys (AXYS) and Quidel (QDEL), both in the medical tools sector, reported strong earnings, suggesting a strong sector trend. Harvard’s fourth-quarter revenue was up 13%, and adjusted earnings per share rose 19%. The company also issued robust forward guidance. In 2008, Harvard Bioscience expects to launch its newly acquired Panlab products into U.S. markets and sign a new product contract with GE Healthcare. Harvard Bioscience also raised its EPS growth estimates by 10%, from 15%-to-20% growth to 20%-to-25% per year. Back in December, the company rejected an unsolicited $5-per-share takeout bid from Skystone Advisors, a small private equity firm.

AirMedia (AMCN): This company reports earnings this week and should get a huge boost from the Olympics. Right on its 52-week low, AirMedia, which operates a digital media network in China for air travel advertising, seems like a perfect Olympics play, especially ahead of earnings. AirMedia has $210 million in cash in the bank and zero debt, and it could be a huge winner next week.

Ctrip.com (CTRP): Nine out of 10 people who go to the Beijing 2008 Olympics are going to visit at least one other city in China. How else will they get there than by using Ctrip.com? Ctrip was hurt last quarter by the massive earthquake that hit China days before it reported, and my guess is that management used this opportunity to lowball the following quarter. Revenues have been growing at 40% year over year in its Tier 1 cities and 50% year over year in its Tier 2 cities.

Track these and his other picks this week at:

http://trackthepros.com/categories.php?category_id=539