It’s earnings season and that means one thing—pointless sell offs. This week we saw some good companies take hits. That’s good news for you.

One of the keys to making money in the stock market is to buy good companies on the dips.

Today, I’ll present you with three stocks I like for fast profits. I believe it’s possible to make returns of 5-10% or more in these stocks within the next quarter.

Caterpillar

Caterpillar (Symbol: CAT) was a great play on Friday. It dipped into the $70s and had you been watching, you should have bought it. You would have made a few dollars per share right away.

The good news is that there’s still time to buy into this stock. Caterpillar closed down almost 5% as some decided to take profits based on the news.

CAT is a solid company with solid revenues. I like them at $83.20. Look for CAT to regain the loss. I wrote an article about CAT’s earnings. You can see it here.

Google

Call it a miss on earnings or a hiccup, but Google (Symbol: GOOG) got hammered off of “bad” news. The sell off was pointless and the market will gobble Google up again.

Look for Google to bounce right back and go even higher. The $600+ price target set by many is still intact.

At one point, you could have bought into Google for $509.50 per share. It’s not too late. Google closed at $520.12 Friday and is down to $519 in after-hours trading.

I like Google to head upward. If you’re interested in the earnings, I wrote about it here.

Apple

Apple’s (Symbol: AAPL) iPhone is just getting going and the future looks bright. Today, there’s a new piece of news that surfaced, which will send shares even higher.

Apparently, Apple’s deal with AT&T (Symbol: T) includes Apple receiving $3 per month per iPhone user from AT&T.

By the end of 2008, projections have Apple distributing 45 million iPhones.

Shares of Apple closed at $143.75 Friday and one analyst bumped up the $160 target to $200.

Apple reports earnings on Wednesday and the numbers could be explosive.