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This week of earnings is going to be huge for the markets. Last week, several of the large financial institutions, restaurants, and technology stocks drove the market higher with little news out of Europe to strike fear into the investor. This week will hopefully bring the same level of optimism, since Europe appears to be inching closer to a resolution to its debt.

But because of Europe and economic concern, several stocks with solid fundamentals have been crushed over the last three months, and several of these stocks will announce earnings this week with the likelihood to beat expectations. Below are three stocks that will announce earnings this week that have trended significantly lower over the last few months. I believe that because of each stock's position, there is a strong possibility that each stock will post gains after earnings and begin a new trend torwards gains of more than 100% over the next year.

Ford (NYSE:F) will announce earnings on Wednesday with an expected EPS of $0.45. Ford has announced encouraging news over the last few months such as: an improved credit rating, solid monthly sales, a new deal with the UAW, and several rumors about a dividend in the near future. Ford has drastically improved the sales of its fuel efficient new vehicles posting monthly sales that exceed 9% year-over-year during each of the last three months. Ford has been very bullish in regards to its outlook by saying in its mid-decade report that it expects sales to increase 50% by 2015.

Chart forFord Motor Co. (<a href='http://seekingalpha.com/symbol/f' title='Ford Motor Company'>F</a>)

Ford has been crushed over the last year as a result of pessimism within the market. In fact, Ford has given no indication that sales are slowing or that profits are declining, instead it's released nothing but encouraging news during the last year. But the stock has trended lower, especially during the months of July and August when debt debates and Greek bailouts were crushing the investor's confidence.

Ford has since began its recovery, posting a 30% gain over the last three weeks as the market has recovered. I believe that Ford's earnings report is crucial to the health of the auto sector because investors are searching for some sort of proof that we are not heading towards another recession. The auto industry got hit hard during the recesion so its natural for investors to sell on fear of another recession. But I believe that Ford's quarterly results will erase that doubt and send it trending higher by allowing this stock to finally trade on its company performance, and not European debt or economic concern. This company has improved too much to be trading this low and sooner or later, the fundamentals always beat the technicals and that time is now for Ford Motor Company.

Sprint Nextel (NYSE:S) will announce earnings on Wednesday and is expected to lose $0.22 per share. Sprint has beat estimates only once in its last 10 attempts and has not posted a profit in nearly five years. I have been particularly harsh on Sprint in the past because of management's efforts to compete with AT&T and Verizon, which I don't believe is attainable for the company at this time. Sprint operates in too many locations that produce high loss and has shown few signs that it's willing to downsize to post a profit. The company's income statement and balance sheet progressively get worse and investors have lost nearly all of there investments in Sprint over a period of five years.

Chart forSprint Nextel Corp. (<a href='http://seekingalpha.com/symbol/s' title='Sprint Corporation'>S</a>)

Sprint has lost nearly all of its investor confidence over the last four months, with its previous quarter being a disapointment and a further disconnect between its two largest competitors. Back in the 1990s, Sprint was one of the fastest growing communication companies in America. Shareholders were pleased as the stock trended from $15 to a high of $80 in a period of five years.

As a result of its success, Sprint expanded and was labled as one of the "Big 3" with AT&T and Verizon. However, Sprint began to decline in 2000 and has since lost more than 95% of its value over the last 11 years. A large portion of Sprint's fall was the result of its own management and their decisions. Yet a large factor was that Sprint was unable to compete with its competitors in service or products. This fact alone is why I believe that Sprint will now begin its trend higher and will easily double over the next year.

Sprint is upgrading its system and placing an emphasis in competing with its competitor's 4G system. And Sprint has made no secret regarding the financial affect of not selling Apple (NASDAQ:AAPL) products. So now the company will get its chance and will sell the new iPhone which will most definitely improve its sells. I believe the next year will be huge for Sprint because of its improved system and the arrival of the best selling iPhone 4S. And while I do not believe Sprint will exceed expectations on Wednesday, I do believe its guidance will be impressive.

I would not be surprised if the company announced that a large portion of its users have already snatched up the new iPhone which will be reflected in higher sales for the upcoming quarter, and since the market trades on the future and not the past, I expect the market to react with gains after earnings are announced and for Sprint to announce guidance for one of its best quarters in years. I will add that Sprint's costs are about to increase because of the charges associated with the iPhone, and its upcoming system. Therefore, I would be surprised if Sprint were to achieve profitability in the coming year. However, the company is on the right track and is making the changes to better its future over the long-term which should be enough to satisfy its investors.

Corning (NYSE:GLW) is expected to post an EPS of $0.43 when it announces earnings on Wednesday. Corning has been under heavy scrutiny over the last six months with a declining display segment which represented 45% of its total sales in 2010. During the company's most recent quarter, it lowered guidance for display and investors responded with strong selling which can be viewed on the chart below.

Chart forCorning Inc. (<a href='http://seekingalpha.com/symbol/glw' title='Corning Inc.'>GLW</a>)

Corning has lost nearly 35% of its value of the last six months as a result of a lagging display segment. Yet I believe that GLW's current position is presenting one of the best opportunities for value within the entire market.

Corning has a long history of innovation and success, it's one of the best at creating a best selling product and then shifting to another product once the consumer demands the shift. I believe we are seeing this shift take place with the emergence of new products and a declining display segment. The display segment has slightly fallen with less demand for LCD televisions, yet the company's other four segments are outperforming expectations and performing exceptionally well.

During its most recent quarter, Corning's sales increased by 17% year-over-year despite lagging sales in its display segment. The strong sales were a result of a 24% growth in its telecommunication segment, 40% growth in environmental technology, and a specialty materials segment that doubled year-over-year. The company's gorilla glass has posted incredible gains, growing by 24% over the previous quarter and expected to tripple in sales compared to 2010.

Corning reiterated that it still expects for sales to exceed $10 billion by 2014 which proves that the company expects for its segments to continue growing. Because of Corning's missed quarter during Q2, the expectations have been lowered to a level that should be attainable for the company. And with several other companies within its industry outperforming expectations, I am even more optimistic regarding its earnings.

However Corning is not a short-term trade but rather a long-term investment that is trading particularly low, despite its strong growth in all of its emerging markets. I believe it's hard to go wrong with an investment in GLW. I also believe that the likelihood for it to double over the next year is very high as its emerging markets continue to grow, and display slightly improves, which makes the low price very attractive for the investor seeking value.

Source: 3 Stocks With Earnings This Week, Set To Double In 1 Year