This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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 Stocks Set to Soar on Bullish Earnings

Stocks in this article: CBST ISRG SWKS COL INTC IBKR ZOLL IIIN

The current short interest as a percentage of the float for Cubist Pharmaceuticals is very high at 17.1%. That means that out of the 61.31 million shares in the tradable float, 10.50 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 3.7%, or by about 377,700 shares. This stock has an extremely high short interest, so any bullish news could easily set off a giant short-squeeze.

From a technical standpoint, CBST is currently trading above both its 50- and 200-day moving averages, which is bullish. This stock has been uptrending very strong since it bottomed in August at $28.82 a share. During that uptrend, this stock has been consistently making higher highs and higher lows, which is bullish price action. Now the stock is very close to triggering a breakout trade if the bulls get the news they're looking for.

If you're bullish on CBST, I would get long after they report their earnings if the stock breaks out above $42.10 a share on high-volume. Look for volume that's tracking in close to or above its three-month action of 1,019,050 shares. If we get that action, I would look for a sharp spike higher in CBST by 15% or more.

I would only get short or avoid any long trades on CBST after they have released their earnings if the stock falls back below $39 on high volume. I would add to any short positions if the stock then takes out its 50-day moving average of $38.17 with volume. Target a drop back towards its 200-day moving average of $35.60 a share, or possibly lower if the bears whack this stock post-earnings.

Intuitive Surgical

Another potential earnings short-squeeze trade is Intuitive Surgical (ISRG), which is set to report results on Thursday after the market closes. This company designs, manufactures and market da Vinci Surgical Systems, which are advanced surgical systems. Wall Street analysts, on average, expect Intuitive Surgical to report revenues of $483.72 million on earnings of $3.33 per share.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

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