This Day On The Street
Continue to site
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

5 Stocks Poised to Pop on Bullish Earnings

Cohen & Steers

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

Get Adobe Flash player

Another earnings short-squeeze prospect is global investment management player Cohen & Steers (CNS - Get Report), which is set to release numbers on Wednesday after the market close. Wall Street analysts, on average, expect Cohen & Steers to report revenue of $73.65 million on earnings of 41 cents per share.

The current short interest as a percentage of the float for Cohen & Steers stands at 10.8%. That means that out of the 18.70 million shares in the tradable float, 2.04 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 7%, or by about 132,000 shares. If the shorts are caught pressing their bets into a bullish quarter, then we could easily see a decent short-squeeze develop post-earnings.

From a technical perspective, CNS is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock recently pulled back to its 50-day moving average at $34.32 and found buying interest. Shares of CNS have ripped higher off its 50-day to its recent high of $39.17 a share. That move has now pushed shares of CNS within range of triggering a near-term breakout trade post-earnings.

If you're bullish on CNS, then I would wait until after its report and look for long-biased trades if this stock manages to break out to a new 52-week high above $39.17 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 164,000 shares. If that breakout triggers, then CNS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $45 or higher post-earnings.

I would avoid CNS or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below some key near-term support at $37 a share with high volume. If we get that move, then CNS will set up to re-test or possibly take out its next major support levels at its 50-day moving average of $34.32 a share or its 200-day moving average at $31.17 a share.

5 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
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
Submit an article to us!
SYM TRADE IT LAST %CHG
CNS $37.41 0.00%
GHL $39.68 0.00%
SNDK $66.97 0.00%
URI $100.53 0.00%
WWW $30.33 0.00%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs