Seeking Alpha
Recommended for you:
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

The following is a list of companies that have recently raised earnings guidance for the coming quarters. In addition, all of these stocks have bullish options sentiment, i.e. a large number of open call option interest relative to put option interest.

We last wrote about this screen on September 27, 2010. On that day, the screen produced 13 companies (excluding ARST, which has been acquired since then). Since then 11 out of 13 companies mentioned in that article have outperformed the S&P 500 index (a success rate of 84.62%). The screen averaged a return of 12.57% vs. an index return of 8.6%. Click here to access a full breakdown of the screen's past performance.

Options traders seem to think that there is more good news to be priced into these stocks. What do you think?

Earnings guidance data sourced from Briefing.com, options data sourced from Schaeffer's.

Interactive Chart: Press Play to see how market caps have changed for the top 8 stocks mentioned below.


The list has been sorted by the Put/Call ratio.

1. China Digital TV Holding Co., Ltd. (NYSE:STV): Application Software Industry. Market cap of $485.72M. Call open interest at 2,481 contracts vs. put open interest at 590 contracts (Put/Call ratio at 0.24). Recently guided Q4 revenues between $20.80M - $21.79M vs. analyst estimate at $$17.17M. Short float at 0.44%, which implies a short ratio of 0.67 days. The stock has gained 39% over the last year.

2. Express Inc. (NYSE:EXPR): Apparel Stores Industry. Market cap of $1.5B. Call open interest at 5,412 contracts vs. put open interest at 1,389 contracts (Put/Call ratio at 0.26). Recently guided Q4 to range between $0.45-0.51 vs. analyst estimate at $0.45. Short float at 3.78%, which implies a short ratio of 8.98 days.

3. G-III Apparel Group, Ltd. (NASDAQ:GIII): Apparel Clothing Industry. Market cap of $670.92M. Call open interest at 1,358 contracts vs. put open interest at 372 contracts (Put/Call ratio at 0.27). Recently guided FY11 to range between $2.73-2.83 vs. analyst estimate at $2.69. Short float at 10.87%, which implies a short ratio of 7.15 days. The stock has gained 70.55% over the last year.

4. E-House Holdings Limited (NYSE:EJ): Property Management Industry. Market cap of $1.11B. Call open interest at 4,455 contracts vs. put open interest at 1,546 contracts (Put/Call ratio at 0.35). Recently guided Q4 revenue between $115M - $117M vs. analyst estimate at $$104M. Short float at 4.08%, which implies a short ratio of 6.23 days. The stock has lost -31.04% over the last year.

5. BJ's Wholesale Club Inc. (NYSE:BJ): Discount, Variety Stores Industry. Market cap of $2.54B. Call open interest at 28,405 contracts vs. put open interest at 9,917 contracts (Put/Call ratio at 0.35). Recently guided FY11 to range between $2.48-2.52 vs. analyst estimate at $2.45. Short float at 3.13%, which implies a short ratio of 2.04 days. The stock has gained 43.92% over the last year.

6. Rambus Inc. (NASDAQ:RMBS): Semiconductor Industry. Market cap of $2.3B. Call open interest at 110,945 contracts vs. put open interest at 38,773 contracts (Put/Call ratio at 0.35). Recently guided Q4 revenue between $85M-$93M vs. analyst estimate at $$41M. Short float at 6.13%, which implies a short ratio of 6.29 days. The stock has lost -6.34% over the last year.

7. Hibbett Sports, Inc. (NASDAQ:HIBB): Sporting Goods Stores Industry. Market cap of $1.02B. Call open interest at 1,236 contracts vs. put open interest at 432 contracts (Put/Call ratio at 0.35). Recently guided Q4 to range between$0.47-0.50 vs. analyst estimate at $0.43. Short float at 18.92%, which implies a short ratio of 12.64 days. The stock has gained 88.34% over the last year.

8. Pall Corp. (NYSE:PLL): Diversified Machinery Industry. Market cap of $5.76B. Call open interest at 4,644 contracts vs. put open interest at 1,765 contracts (Put/Call ratio at 0.38). Recently guided FY11 to range between$2.48-2.63 vs. analyst estimate at $2.47. Short float at 1.27%, which implies a short ratio of 1.79 days. The stock has gained 61.97% over the last year.

9. VeriFone Systems, Inc (NYSE:PAY): Business Equipment Industry. Market cap of $3.45B. Call open interest at 30,269 contracts vs. put open interest at 12,252 contracts (Put/Call ratio at 0.4). Recently guided Q1 to range between $0.38-0.39 vs. analyst estimate at $0.35. Short float at 7.87%, which implies a short ratio of 4.47 days. The stock has gained 183.37% over the last year.

10. Titan Machinery, Inc. (NASDAQ:TITN): Specialty Retail Industry. Market cap of $357.82M. Call open interest at 2,320 contracts vs. put open interest at 961 contracts (Put/Call ratio at 0.41). Recently guided FY11 to range between $0.95-1.03 vs. analyst estimate at $0.93. Short float at 14.71%, which implies a short ratio of 8.24 days. The stock has gained 73.68% over the last year.

11. Donaldson Company, Inc. (NYSE:DCI): Pollution & Treatment Controls Industry. Market cap of $4.45B. Call open interest at 1,558 contracts vs. put open interest at 684 contracts (Put/Call ratio at 0.44). Recently guided FY11 to range between $2.54-2.74 vs. analyst estimate at $2.43. Short float at 2.47%, which implies a short ratio of 7.32 days. The stock has gained 39.79% over the last year.

12. Hormel Foods Corp. (NYSE:HRL): Meat Products Industry. Market cap of $6.75B. Call open interest at 1,746 contracts vs. put open interest at 801 contracts (Put/Call ratio at 0.46). Recently guided FY11 to range between $3.10-3.20 vs. analyst estimate at $3.05. Short float at 4.97%, which implies a short ratio of 6.64 days. The stock has gained 34.21% over the last year.

13. Dollar Tree, Inc. (NASDAQ:DLTR): Discount, Variety Stores Industry. Market cap of $7.09B. Call open interest at 21,662 contracts vs. put open interest at 10,302 contracts (Put/Call ratio at 0.48). Recently guided FY11 to range between $3.14-3.21 vs. analyst estimate at $3.08. Short float at 4.4%, which implies a short ratio of 4.06 days. The stock has gained 76.62% over the last year.

14. ALLETE, Inc. (NYSE:ALE): Diversified Utilities Industry. Market cap of $1.3B. Call open interest at 231 contracts vs. put open interest at 111 contracts (Put/Call ratio at 0.48). Recently guided FY10 to range between $2.35-2.55 vs. analyst estimate at $2.27. Short float at 3.58%, which implies a short ratio of 10.56 days. The stock has gained 11.47% over the last year.

15. OmniVision Technologies Inc. (NASDAQ:OVTI): Semiconductor Industry. Market cap of $1.82B. Call open interest at 46,894 contracts vs. put open interest at 22,662 contracts (Put/Call ratio at 0.48). Recently guided Q3 to range between $0.50-0.63 vs. analyst estimate at $0.41. Short float at 10.39%, which implies a short ratio of 3.3 days. The stock has gained 167.68% over the last year.

16. GameStop Corp. (NYSE:GME): Electronics Stores Industry. Market cap of $3.37B. Call open interest at 58,901 contracts vs. put open interest at 29,737 contracts (Put/Call ratio at 0.5). Recently guided Q4 to range between $1.53-1.59 vs. analyst estimate at $1.51. Short float at 23.86%, which implies a short ratio of 9.37 days. The stock has gained 5% over the last year.

17. The Valspar Corporation (NYSE:VAL): General Building Materials Industry. Market cap of $3.38B. Call open interest at 2,554 contracts vs. put open interest at 1,353 contracts (Put/Call ratio at 0.53). Recently guided FY11 to range between $2.45-2.65 vs. analyst estimate at $2.45. Short float at 3.12%, which implies a short ratio of 4.25 days. The stock has gained 30.44% over the last year.

18. Flowers Foods, Inc. (NYSE:FLO): Processed & Packaged Goods Industry. Market cap of $2.32B. Call open interest at 2,832 contracts vs. put open interest at 1,734 contracts (Put/Call ratio at 0.61). Recently guided FY10 up +10-12% to ~$1.55-1.58 vs. analyst estimate at $1.55. Short float at 8.55%, which implies a short ratio of 12.88 days. The stock has gained 14.09% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 18 Companies Raising Guidance, With Bullish Options Sentiment