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
TheStreet Open House

5 Earnings Stocks Poised to Pop

Jos. A. Bank Clothiers

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

Get Adobe Flash player

Another potential earnings short-squeeze play in the retail apparel sector is Jos. A. Bank Clothiers (JOSB), which is set to release numbers on Thursday before the market open. This is a designer, manufacturer, retailer and direct marketer of men's tailored and casual clothing and accessories and is a retailer of tuxedo rental products. Wall Street analysts, on average, expect Jos. A. Bank Clothiers to report revenue of $352.75 million on earnings of $1.58 per share.

If you're looking for uptrending heavily-shorted stock, that's within range of some major breakout levels heading into its earnings report, then take a good look at shares of Jos. A. Bank Clothiers. This stock is up over 10% so far in 2012, and it's currently trading within range of its 52-week high of $57.14.

The current short interest as a percentage of the float for Jos. A. Bank Clothiers is pretty high at 14.6%. That means that out of the 27.49 million shares in the tradable float, 4.02 million are sold short by the bears. This is a high-short-interest and low-float situation, so any bullish earnings news could easily set off a big short squeeze.

>>5 Uptrending Stocks That Could Pop

From a technical perspective, JOSB is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong since January, with shares consistently making higher lows and higher highs, which is bullish price action. That strong move higher has now pushed JOSB within range of making new 52-week highs off a strong earnings report and bullish forward guidance.

If you're bullish on JOSB, I would wait until after they report earnings and look for long biased trades if the stock breaks out above $55 to $57.14 a share with heavy volume. Look for volume on that move that registers close to or above its three-month average volume of 294,844 shares. If we get that move, then look for JOSB to trade up towards $60 to $65 a share if the bulls force the bears to cover some of those short bets.

I would avoid JOSB or look for short-biased trades if the stock fails to trigger that breakout after earnings and then drops below some near-term support at $52.50 a share with high volume. Target a drop back towards its 50-day moving average of $50.99 a share, or possibly lower if the bears sell this stock off hard post-earnings.

5 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 17,146.55 +14.58 0.09%
S&P 500 2,001.15 +2.17 0.11%
NASDAQ 4,560.3180 +7.5590 0.17%

Brokerage Partners

Rates from

  • 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