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6 Earnings Stocks That Could Crush the Shorts

Stocks in this article: SIRI GRMN AREX CBOU GMCR PEET GLUU

Caribou Coffee

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Another name in the coffee space to watch for an earnings short-squeeze trade this week is Caribou Coffee (CBOU), which is set to release numbers on Wednesday after the market close. This company is a specialty coffee roaster and marketer of fresh roasted whole bean coffee and tea. Wall Street analysts, on average, expect Caribou Coffee to report revenue of $73.55 million on earnings of 9 cents per share.

The current short interest as a percentage of the float for Caribou is a notable 8.3%. That means that out of the 13.49 million shares in the tradable float, 1.13 million are sold short by the bears. The bears have been upping their bets from the last reporting period by 8.1%, or by about 85,000 shares.

My play on Caribou is pretty simple: Just buy the breakout if we get it following the earnings report. That breakout will occur once Caribou trades above $15.09 a share. I would buy this stock very aggressively if we see that breakout happen on strong volume. The reason I would want to be in Caribou on a move above $15.09 a share is that it will mark a 52-week high and close to an all-time high for this stock.

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