Top Rocket Stocks for Earnings Week of Nov. 5

With Citigroup shares at a 52-week low, it would not shock me to see a snapback rally to over $40. And now that Charles Prince has been deposed as CEO, that could prove a strong catalyst.

I believe Citigroup's dividend is here to stay, for now. Also, I wouldn't be surprised at all to see Eddie Lampert averaging down in Citi.

Weekly Catalyst: An oversold financial stock poised for a snapback.

I also like Cisco(CSCO Quote) as an earnings play. The technology company is scheduled to report earnings on Wednesday, Nov. 7. Cisco really has been the face of this rally for the past 4,000 points. Can you imagine that the stock was totally hated and trading around $18 a share this time last year?

What makes Cisco an interesting play here, besides its upcoming earnings report, is that the company just announced a massive $5 billion stock-buyback plan even with its shares at a 52-week high. What a vote of confidence! Cisco also bought a stake in the VMware(VMW Quote) IPO, making Cisco an attractive longer-term investment.

Weekly Catalyst: With demand for network routers at an all-time high, Cisco is an earnings trade. It just announced a massive $5 billion buyback near its 52-week high and took a 2% stake in the VMware IPO. It was also called a "growth" stock by Goldman Sachs as it trades at 16 times earnings and has 14% growth.