Monday’s trading session saw the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) rocket 2% to close at 5,337 points.

The gains were spurred on by a strong trading session last Friday on Wall Street and suggest that the bulls could be back in charge.

Of the 10 biggest gainers on Monday its interesting to note that nine were resource companies. It’s not uncommon for stocks which have fallen the hardest to then enjoy the biggest gains during an upswing, however, trying to chase these quick profits is fraught with danger.

Rather than chasing a quick gain, investors are better off thinking long term. There could be opportunities amongst beaten up mining stocks, however, for many investors industrial stocks provide a more consistent earnings picture and hence it is a better sector to focus on.

If you’re looking to position your portfolio for gains, here are three shares that could be worth considering.

Lendlease Group (ASX: LLC) shares are down nearly 20% in the past year yet according to analyst consensus forecasts the diversified property company is set to deliver increased earnings per share (EPS) over the next two full year reporting periods.

Trading on a financial year (FY) 2017 price-to-earnings (PE) ratio of just 9.5 times, now could be the right time to take a closer look at the stock.

Flight Centre Travel Group Ltd (ASX: FLT) shares are hovering near their 52-week low after the group issued a profit downgrade in May.

Despite the muted outlook for Flight Centre’s EPS growth, consensus numbers for FY 2017 suggest the stock is trading on a PE of 12.4 times which does not appear demanding considering the quality of this travel agency business.

Godfreys Group Ltd (ASX: GFY) is Australia’s leading specialised vacuum cleaner retailer. In January the group issued a significant downgrade to its FY 2016 profit guidance and as a result the shares are currently trading at $1 which is a long way from their 52-week high of $3.17.

Based on the low end of January’s profit guidance, which was reaffirmed in July, the stock is trading on a FY 2016 PE of 4.8 times. (Source: Reuters)

3 Rotten Shares to Sell, and 1 to Buy Today

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Motley Fool contributor Tim McArthur has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.