2/11/2010

Earnings breakouts offer opportunities in bearish environment

Market is churning at this level. In such environment some news drives opportunities exist. Earnings season is on so obviously earnings breakouts is what I am focused on.

Example of earnings trade:
OPEN had a nice earnings surprise and had months of neglect so it was obvious candidate for earnings breakout. It also had very high short interest .


OPEN: Opentable Inc

14 High Volume Movers


SymbolSector
rank
EPS %Sales %Floatp/s
relative
rank
prior
neglect
Episodic Pivots
BIDU10044402096noBeats analyst estimate and guides higher
At all time high.
Not dented by correction in market
AMG14631104180
Raises earnings forecast
Acquires fund of fund manger Pantheon
NTGR81586363350some of the last
few weeks
weakness is due
 to overall market
Otherwise this was
rallying in to earnings
Beats analyst estimate and guides higher
OPEN1491500321893neglected since IPOBeats analyst estimate and guides higher
Analyst upgrade
Recent IPO
Number of funds owning stock up to 51 from 36 in 3 quarters
Short interest is 11% of float.
Relatively small float.
This was obvious buy today. I bought this before market open.
This is a good example of what to look
for in  a earnings breakout. 
FNSR56-31-16352
Beats analyst estimate 
ATHX6625-631897
Granted US patent for stem cell therapy
ID5292128246
Misses earnings and guides inline
Exploring strategic options
NFP1836-74120
Beats analyst estimate 
RUTH15-300-21239
Completes right offer.
Sector in top 20
LIOX481100-145318
 Beats analyst estimate
DSCM18833259636
Beats analyst estimate and guides higher
MERC1314-12287
Post earnings breakout
APPA668017673098
No news
ONCY6650038

no news







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