This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Earnings Stocks That Could Explode

Hain Celestial Group

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

One heavily shorted stock in the food processing sector is Hain Celestial Group (HAIN), which is set to release numbers on Tuesday after the market close. This company manufactures, markets, distributes and sells organic products under brand names, which are sold as better-for-you products. Wall Street analysts, on average, expect Hain Celestial Group to report revenues of $270.30 million on earnings of 33 cents per share.

This company has either met or beat Wall Street estimates over the last four quarters, and they have beat estimates for the past three quarters in a row. During the last quarter, they beat Wall Street estimates by two cents after reporting 36 cents per share. The company has also seen its net income and revenue rise for the past three quarters in a row. An analyst at RBC Capital recently upgraded this stock to sector perform from outperform with a $37 price target.

The current short interest as a percentage of the float for Hain Celestial Group is a notable 5.6%. That means that out of the 32.70 million shares in the tradable float, 2.26 million are sold short by the bears. This isn't a super high short interest, but it's big enough and the float is small, so a positive report could spark a solid spike higher.

From a technical standpoint, this stock is currently trading below its 50-day and 200-day moving averages, which is bearish. The stock recently found some buying interest at $26 a share but failed to get above its 50-day moving average. Shares are now changing hands at just over $28 a share.

I would only be a buyer of this stock after they report once it clears its 50-day moving average ($31.70) on strong volume. Look for volume that's close to or greater than its three-month average action of 366,000 shares. I would add to any long position if it then moves above $33 and target $35 if a short squeeze kicks off.

I would only short this name if you see it drop below that major near-term support zone at $26 a share following their earnings report. I would add to any shorts if it then takes out $24 a share and target $20 if the bears gain control of this name.

4 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs