This Day On The Street
Continue to site
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

5 Stocks Set to Soar on Bullish Earnings

Oxford Industries

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

Get Adobe Flash player

My first earnings short-squeeze trade idea today is apparel and accessories player Oxford Industries (OXM - Get Report), which is set to report its numbers on Tuesday after the market close. This is an apparel design, sourcing and marketing company that features a portfolio of owned and licensed brands of clothing and golf apparel. Wall Street analysts, on average, expect Oxford Industries to report revenue of $192.30 million on earnings of 54 cents per share.

This company is looking to continue its bullish streak of earnings reports this week as it goes for its four consecutive quarter of topping Wall Street estimates. Oxford Industries' profit has trended higher year over year by an average of more than fourfold over the past five quarters. The stock is around three points off its 52-week high of $52.64 ahead of its earnings report.

The current short interest as a percentage of the float for Oxford Industries is notable at 6.7%. That means that out of the 13.86 million shares in the tradable float, 932,000 shares are sold short by the bears. This is a decent short interest on a stock with a very low float. Any bullish earnings news could easily set this stock up to skyrocket as the shorts cover some of their bets.

>>5 Frustrating Stocks You Can't Give Up On Yet

From a technical perspective, OXM is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock recently found some buying interest at around $46 to $46.40 a share, before trending higher back above its 50-day moving average of $49.62. This uptrend has now pushed OXM within range of a triggering a breakout trade post-earnings.

If you're bullish on OXM, I would look for long-biased trades following its earnings report if the stock takes out some near-term overhead resistance at $50.90 a share with high-volume. Look for volume on that move that's near or well above its three-month average action of 146,703 shares. If we get that action, then I would add to any long positions once OXM takes out some more overhead resistance at $52.64 a share. Target a run toward $55 or higher if the bulls push this stock up post-earnings.

I would avoid OXM or look for short-biased trades after earnings if the stock fails to breakout over $50.90 and then drops back below its 50-day moving average of $49.62 with high-volume. If we get that action, I would target a drop back towards that near-term support at $46 or possibly much lower if the bears hammer this stock down post-earnings.
2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
PVH $91.50 0.00%
LNN $70.43 0.00%
OXM $62.75 0.00%
PCRX $47.89 0.00%
SNX $78.16 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs