Long Trading Opportunity Before Thursday
A positive earnings report can be a strong indicator of an imminent spike in stock prices. We've identified Callaway Golf Company whose upcoming fourth quarter earnings report is likely to push their shares higher.
Consider buying into this stock before the release of the earnings reports to capitalize on their recent successes.
Callaway Golf Company (NYSE:ELY)
Callaway Golf Company's earnings report, expected January 29, is likely to confirm what many analysts believe to be a strong quarter for the golf equipment firm. The continuing recovery of the economy is an especially positive sign for golf-related companies across the board; expensive leisure activities, unsurprisingly, are among the first to suffer in a down economy, and Callaway will join other popular equipment and accessory producers like Nike (NYSE:NKE), TaylorMade, and Bridgestone, along with golf course operators like ClubCorp (NYSE:MYCC), as big winners in a rapidly improving economic environment.
Callaway is also showing signs of life with the release of a new line of its iconic "Big Bertha" drivers, including the Big Bertha and the Big Bertha Alpha. Both clubs introduce technology designed to improve the length and shape of shots-and regardless of whether the technology is actually functional, the allure of a longer shot will no doubt attract many golfers eager to impress their friends and colleagues. The arrival of the Big Bertha comes on the heels of successful 2013 Callaway releases, including the firm's Versa putters and X-Hot line, which will be followed by the X2 Hot line of drivers, fairway woods, hybrids and irons in 2014.
Callaway recently signed an agreement to continue to exhibit its wares at the annual PGA Merchandise Show through 2016-its first multi-year contract with the show-and will also appear at the 2014 China Golf Show.
For those who want to follow the earnings report closely, Callaway will hold a conference call with investors and analysts at 5:00 p.m. EST on the 29th. The call will be broadcast on CallawayGolf.com; listeners must access the site fifteen minutes before the call begins to register.