First up is Level 3 Communications (LVLT); Which has been Cramer’s speculative stock of the year as it is a play on the increasing demand for internet related bandwidth. LVLT reported just horrible numbers on Thursday and the market pole-axed the stock sending shares down as much as 14% during the trading day. Earnings where missed on both the top and bottom line sending fearing into investors who looked to dump the shares at whatever price they could. LVLT though is poised for a snapback going into next week. What markets a great investors great is the ability to take information and apply it in ways which others have not (or have yet to do). If you listen to the GLW call it is clear that they are experiencing an overall demand for their fiber lines (which are the heart of the broadband shortage), LVLT is the perfect play off the GLW quarter. It is also possible that management at Level 3 is sandbagging, as any avid user of the internet knows bandwidth is an issue. Level 3 is also a main holding of the mega hedge fund Renaissance Technologies.

Next up is Sears Holdings which has been in a sicken decline ever since it reported those horrible same store sales numbers. Jim Cramer has repeatedly said that he hopes that SHLD goes back to $140 so he can buy more, as he knows the value of the franchise and most importantly the value of Eddie Lampbert. SHLD has been rumored for sometime now to buy a small based chain of retail stores to help with its growth, if SHLD makes the right acquisition it can easily make new highs. Perfect time to jump on board with one of the best hedge fund managers of all time. It is also the main holding of some of the worlds greatest hedge funds; such as Perry Capital, SAC Capital, ESL Capital

Citigroup is an interesting stock; last week C handily beat numbers on both the top and bottom line sending shares of C up as much as 3% in pre-market trading, yet the stock closed down on the day. It is also a play on the fact that at any moment CEO Chuck Prince can be fired by the board, which should be a positive for the stock. In a video I did with Jim Cramer a few months back on thestreet.com, I named C as one of the stocks that I would own from the next decade. While it certainly offers great opportunity for a long term investor the fact that they beat earrings by such a margin may force the market to reevaluate C in the near-term.

MasterCard (MA) is going to report earnings on August 1st and while the stock is up 100 points “the shorts” have been trying to link the stock with all of the credit and sub prime issues. We think numbers are going to be red hot forcing the large position of shorts to cover, 1) MasterCard makes a very small amount of money on each transaction that takes place 2) MasterCard also made a $13 Million Dollar investment in a Brazilin company called Redecard which is coming public, it looks as though MasterCard’s stake is now worth over $300MM (once Redecard comes public in Brazil) and this number has not be reflected in analyst’s earnings models. Also a good play on the weak dollar

Blackboard (BBBB) is a very interesting stock that most people have not heard of. If you’re a college student in any decent college you live on Blackboard though. Blackboard, Inc. provides enterprise software applications and related services to the education industry in the United States. Its Blackboard Learning System allows education providers to support an online teaching and learning environment; which allows professors to post there material online for students to look at if they miss a class or need further material. BBBB is going to report numbers July 31st and like last time they will crush earnings, in fact BBBB was up 10% last time it reported earnings but odds are you never heard about it. Blackboard was in the process of upgrading there whole online system which increases speed and bandwidth for all users.

Avon is planning to report numbers on July 31st and with a loyal client based AVP is likely to beat earnings. CEO Andrea Jung has been on a mission to prove her critics wrong for the past two to three months time as her job has been called into question by large shareholders and this her chance to prove herself.

There is no better solar company then FSLR which reports earnings on July 31st, Solar is one of the few solar companies that actually makes money, and with oil near $80 a barrel FSLR technology seems even more logical. FSLR is the only solar company that uses film based technology in the actually solar panels, which allows the company to be very profitable compared to its peers which uses poly-silicon which is in short supply.

CVS Caremark reports earnings on August 2nd and CVS is fresh off its acquisition of Caremark. Caremark has incredibly growth which is now tied into the CVS brand and this is the quarter where investors will see the power of Caremark. Odds are after the quarter it will be clear to investors that CVS trades at a substantial discount compared to its peers (CVX trades at 15x with better growth compared to an industry average of 20x).