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 Hated Earnings Stocks That Deserve Your Love

I would simply avoid ANGI 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 levels at $19.67 a share to its 50-day at $18.55 a share with high volume. If we get that move, then ANGI will set up to re-test or possibly take out its next major support levels $18.15 to $16 a share. Any high-volume move below $16 will then give ANGI a chance to re-fill its previous gap up zone from February that started just below $14 a share.


Another potential earnings short-squeeze candidate is automated retail solutions provider Coinstar ( CSTR), which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect Coinstar to report revenue of $579.41 million on earnings of 86 cents per share.

>>3 Huge Stocks to Trade (or Not)

The current short interest as a percentage of the float for Coinstar is extremely high at 48.1%. That means that out of the 25.90 million shares in the tradable float, 13.21 million shares are sold short by the bears. This is a monster short interest on a stock with a relatively low tradable float. Any bullish earnings news from Coinstar could easily set off a large short-squeeze for the stock post-earnings.

From a technical perspective, CSTR is currently trending below its 50-day moving average and just above its 200-day moving average, which is neutral trendwise. This stock recently formed a double top at around $59.16 to $59.31 a share. Following that top, shares of CSTR have dived lower and trended back below its 50-day moving average of $54.89 a share.

If you're bullish on CSTR, then I would wait until after its report and look for long-biased trades if this stock manages to break out back above its 50-day at $54.89 a share with strong volume. Look for volume on that move that hits near or above its three-month average volume of 963,660 million shares. If we get that breakout, then CSTR will set up to re-test or possibly take out its next major overhead resistance levels at $58 to $59.31 a share. Any high-volume move above $59.31 will then put $62.50 to $65 into range for shares of CSTR.
4 of 7

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
FIO $0.00 0.00%
ANGI $9.44 0.00%
EXPE $93.54 0.00%
MLNX $45.91 0.00%
AAPL $94.02 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs