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 Earnings Stocks Poised to Pop

Stocks in this article: SIRI STMP NUAN DNKN AMKR

Sirius XM Radio

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

Get Adobe Flash player

My first earnings short-squeeze trade idea is satellite radio player Sirius XM Radio (SIRI), which is set to release its numbers on Thursday before the market open. Wall Street analysts, on average, expect Sirius XM Radio to report revenue of $785.49 million on earnings of 1 cent per share.

During the last quarter, this company beat Wall Street estimates by 1 cent, reporting a profit of 2 cents per share. Sirius also beat estimates in the second quarter. Revenue has trended higher for Sirius for the past four consecutive quarters.

The current short interest as a percentage of the float for Sirius XM Radio is notable at 8.2%. That means that out of the 3.68 billion shares in the tradable float, 305.10 million shares are sold short by the bears. The short-sellers have also been increasing their bets from the last reporting period by 1.2%, or by about 3.71 million shares.

From a technical perspective, SIRI is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock recently found some big buying support at around $2.00 to $2.03 a share, and since then it has trended higher towards its current price of $2.12 a share. The recent uptrend for SIRI has registered a number of upside volume days that were well above the average volume. This could mean that large traders are accumulating the stock ahead of the quarter.

If you're bullish on SIRI, I would look to buy this stock after its earnings report if it can manage to trigger a breakout trade above $2.16 to $2.19 a share on high-volume. Look for volume that's tracking close to or well above its three-month average action of 54,439,300 shares. If we get that action, I would look for SIRI to make a run at $2.35 to $2.44 a share or possibly much higher of the bulls gain full control of this stock post-earnings. I would simply avoid any long-biased trades in SIRI if it fails to trigger that breakout after they report their results.

I also featured Siri, which shows up on a list of 5 Stocks to Watch Under $5, in " 5 Stocks Under $10 Set to Trigger Big Moves."

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

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