This Day On The Street
Continue to site right-arrow
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: CJES FTK QUAD OPTR ASYS

C&J Energy Services

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

Get Adobe Flash player

My first earnings short-squeeze trade idea is oil well services and equipment player C&J Services (CJES), which is set to release its numbers on Wednesday after the market close. This is an independent provider of hydraulic fracturing, coiled tubing and pressure pumping services. Wall Street analysts, on average, expect C&J Energy Services to report revenue of $244 million on earnings of 97 cents per share.

If you're looking for a beaten-down heavily shorted energy name ahead of its earnings report, then make sure to check out shares of C&J Energy Services. Over the prior one-year period, this stock has plunged by 39%, and shares are currently trading just six points above is 52-week low of $12.65 a share.

The current short interest as a percentage of the float for C&J Energy Services is extremely high at 36.1%. That means that out of the 35.88 million shares in the tradable float, 12.36 million shares are sold short by the bears. This is a huge short interest on a stock with a relatively low float. If C&J Energy Services can report a strong quarter and raise forward guidance, then this stock could explode to the upside post-earnings.

>>7 Energy Stocks That Investors Have All Wrong

From a technical perspective, CJES is currently trading above its 50-day moving average, which is bullish. This stock recently sold off hard from its February high of $23.11 to a recent low of $16.15 a share. After hitting that low, shares of CJES have rebounded and started to move back above its 50-day moving average of $18.24 a share.

If you're in the bull camp on CJES, I would wait until after its report and look for long-biased trades if it can trigger a break out above some near-term overhead resistance at $19.45 to $20.40 a share with high-volume. Look for volume on that move that registers near or above its three-month average action of 1,449,760 shares. If we get that action, then CJES should easily be able to hit its February high of $23.11 a share or possibly much higher towards $26 a share.

I would simply avoid CJES or look for short-biased trades if after earnings this stock fails to trigger that breakout, and then drops back below some near-term support at $17.42 a share with heavy volume. Target a move lower towards $16 to $14 a share if the bears whack this stock down post-earnings.

2 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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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