Stockpickr: The Top Contrarian Plays

Furthermore, the analysts, despite their ratings, believe revenue and earnings are going up. The 28 analysts surveyed believe revenue at American Eagle is going from $2.75 billion in 2006 to $3 billion in 2007. And they believe the company will earn $1.89 per share in 2007 vs. $1.69 per share in 2006.

American Eagle has exceeded expectations for three quarters in a row, and analysts have raised their estimates over the past 90 days.

From a macro perspective, analysts are worried that consumer spending will slow or that the stock has already run too far. But for the moment, the executives at American Eagle seem to be safely ignoring Wall Street.

Some of the top mutual funds have also been ignoring Wall Street when it comes to American Eagle, the Al Frank fund being one of them. American Eagle has also shown up recently on the Investor's Business Daily list of top-rated stocks rising on unusually high volume.

Another stock unloved by analysts is RadioShack(RSH Quote - Cramer on RSH - Stock Picks). The company also trades for about 10 times cash flows, with an enterprise value of about $3.3 billion and EBITDA -- earnings before interest, taxes, depreciation and amortization -- in the last 12 months of $323 million.

RadioShack has clearly bounced off the lows, despite analysts continuing to downgrade the stock.

RadioShack's stock was hurt by Circuit City's(CC Quote - Cramer on CC - Stock Picks) announcement of disappointing earnings last year, and several analysts downgraded the entire sector. In addition, for the past three quarters, RadioShack has failed to impress in terms of its own earnings, which were coming in below analyst expectations.

But RadioShack is currently 80% off its lows, and as Cramer suggests in his book, at some point analysts need to reverse themselves to avoid embarrassment. Currently, investment bank Stifel Nicolaus has the stock at sell, down from hold. Jefferies rates RadioShack at underperform, down from a hold, and several other analysts have the stock at underweight.

RadioShack (RSH)

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