This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

How to Invest Ahead of Earnings Reports: Autozone, Big Lots, PetSmart

NEW YORK (TheStreet) -- The next few days will be big for do-it-yourselfers, bargain hunters and pet lovers and the companies that serve them. Today's pre-earnings buy-and-trade profiles include two companies that report quarterly results on Tuesday, March 4 -- one before the opening bell and one after the closing bell -- and four that report on Wednesday, March 5.

A detailed technical analysis chart about these stocks follows today's profiles on page 3. It explains my number-crunching terms and analysis.

Specialty retailer of automotive parts and accessories targeted to do-it-yourselfers Autozone (AZO - Get Report) will report quarterly results before the market opens on Tuesday, March 4. Autozone set an all-time high at $561.62 on Feb. 12, exceeding my semiannual level from my proprietary analytics at $550.11.

The closeout retailer of toys and other merchandise Big Lots (BIG) will report quarterly results on Wednesday. The company reported disappointing quarterly results back on Dec. 6, and the stock gapped below its 200-day simple moving average. It traded as low as $25.50 on Feb. 5, then recovered to its 50-day SMA at $29.00 last week.

Retailer of pet food and supplies PetSmart (PETM - Get Report) reports quarterly results before market open on Wednesday. Like Big Lots, PetSmart reported an earnings miss on Dec. 6 and gapped below its 200-day SMA. It traded as low as $62.12 on Feb. 3, then recovered its 50-day SMA at $66.87 last Friday, Feb. 28.


On to the analysis:

Autozone ($538.44, up 12.7% YTD): Analysts expect the auto parts retailer to report earnings per share of $5.56 before the opening bell on Tuesday, March 4. The stock set an all-time intraday high at $561.62 on Feb. 12 and is above all five moving averages in my "Crunching the Numbers" table on page 3. The weekly chart is positive but overbought, with its five-week modified moving average at $515.82, in a pattern that appears parabolic.

The stock has a gain of 41.6% over the last 12 months. My monthly and quarterly value levels are $517.96 and $488.84, with semiannual and weekly risky levels at $550.11 and $564.39.

Big Lots ($29.55, down 8.5% YTD): Analysts expect the retailer of closeout merchandise to report earnings of $1.42 before the opening bell on Wednesday, March 5. The stock has been below its 200-day SMA at $33.90 since Dec. 6, and begins this week above its 50-day SMA at $29.00. The weekly chart is neutral, with the Friday, Feb. 28 close above the five-week MMA at $28.81, with an oversold 12x3x3 weekly slow stochastic.

The stock has a loss of 11.3% over the last 12 months. My weekly value level is $24.12 with quarterly and monthly risky levels at $31.20 and $35.47.

1 of 3

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

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
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
AZO $649.53 0.00%
PETM $82.94 0.00%
AAPL $129.09 0.00%
FB $79.75 0.00%
GOOG $571.34 0.00%

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

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