5 Stocks Poised to Pop on Bullish Earnings
I would avoid BNNY or look for short-biased trades if it fails to trigger that breakout after earnings, and then takes out its 50-day moving average of $38.82 a share with heavy volume. If we get that move, then BNNY will like trade down towards $35 a share, or possibly lower if the bears hammer this stock post-earnings. Netflix
One potential earnings short-squeeze trade is television and movie streaming player Netflix (NFLX) , which is set to release numbers on Tuesday after the market close. This company is an Internet subscription service streaming television shows and movies. Netflix's subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers and mobile devices. Wall Street analysts, on average, expect Netflix to report revenue of $888.90 million on earnings of 5 cents per share.
If you're looking for beaten-down heavily shorted stock ahead of its earnings report this week, then make sure to check out shares of Netflix. This stock has been hammered by the sellers during the last three months, with the stock dropping over 20%. It was one of the 10 Worst-Performing S&P 500 Stocks in the Second Quarter.