5 Stocks Poised to Pop on Earnings
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An earnings short-squeeze candidate in the oil well services and equipment space is Core Laboratories (CLB) , which is set to release numbers on Wednesday after the market close. This is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry. Wall Street analysts, on average, expect Core Laboratories to report revenue of $238.28 million on earnings of $1.06 per share.
Core Laboratories is another strong-trending stock heading into its earnings report this week. This stock is currently trading just a few points off its 52-week high of $135.92 a share, and shares are up over 15% so far in 2012. This strong move has pushed the stock within range of triggering a near-term breakout trade post-earnings.