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

Phillps-Van Heusen

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

Get Adobe Flash player

Another earnings short-squeeze idea in the apparel and accessories sector is Phillips-Van Heusen (PVH), which is set to report results on Tuesday after the market close. This company designs and markets branded dress shirts, neckwear, sportswear, footwear, and other related products worldwide. Wall Street analysts, on average, expect PVH to report revenue of $1.50 billion on earnings of $1.09 per share.

On Monday, Brean Murray raised its price target on Phillips-Van Heusen to $105 from $85 ahead off its fourth-quarter earnings report. The firm said the company's dominant worldwide brands as well as domestic positions will continue to drive market share gains and higher multiples. That bump for Murray pushed shares of Phillips-Van Heusen to a new 52-week high of $92.13 on above average volume.

The current short interest as a percentage of the float for PVH sits at 3.3%. That means that out of the 64.88 million shares in the tradable float, 2.15 million are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 2.2%, or by about 45,000 shares. This isn't a huge short interest, but it's more than enough to spark some short-covering if PVH reports a strong quarter and issues bullish guidance.

>>5 Stocks Insiders Love Right Now

From a technical perspective, PVH is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending very strong for the past six months, rising from its October low of $53.51 to its current price of around $91 a share. During that uptrend, the stock has consistently made higher lows and higher highs, which is bullish price action.

If you're bullish on PVH, I would look for long-biased trades after its earnings report if the stock takes out its 52-week high or its daily high on Tuesday (whichever is greater) with high volume. Look for upside volume that's near or well above its three-month average action of 742,270 shares. If we get that action, then look for PVH to make a run at $100 or higher post-earnings.

I would simply avoid PVH or look for short biased trades if after earnings this stock fails to make a new 52-week high and then drops below some near-term support at $87.50 with high volume. If we get that action, I would look for PVH to drop down towards its 50-day moving average of $82.34 a share or possibly into the high-$70s if the bears pressure this lower post-earnings.

4 of 6

Select the service that is right for you!

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 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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