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

The following is a list of stocks releasing earnings over the next four days.

Additionally, all of these stocks have seen a recent decrease in the Put/Call ratio, which is based on open interest of option contracts.

With the number of call options growing rapidly relative to put options, do you think these names are set to rally on earnings? Full details below.

Options data sourced from Schaeffer's, short float and performance data sourced from Finviz. (Please note: All changes in the Put/Call ratio occur between 3/08 - 3/21)



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

1. Emergency Medical Services Corp. (NYSE:EMS): Medical Practitioners Industry. Market cap of $2.79B. Earnings release scheduled for Mar-25. Current Put/Call ratio at 0.06 vs. 0.57 a previous ratio of 0.98 (-89.47% change). Relatively low correlation to the market (beta = 0.48), which may be appealing to risk averse investors. The stock has gained 9.46% over the last year.

2. Paychex Inc. (NASDAQ:PAYX): Staffing & Outsourcing Services Industry. Market cap of $11.43B. Earnings release scheduled for Mar-23. Current Put/Call ratio at 0.25 vs. 0.99 a previous ratio of 0.98 (-74.75% change). The stock has gained 2.46% over the last year.

3. Red Hat, Inc. (NYSE:RHT):
Application Software Industry. Market cap of $7.55B. Earnings release scheduled for Mar-23. Current Put/Call ratio at 0.11 vs. 0.38 a previous ratio of 0.98 (-71.05% change). The stock has performed poorly over the last month, losing 14.35%.

4. SMART Modular Technologies Inc. (NASDAQ:SMOD):
Semiconductor Industry. Market cap of $417.72M. Earnings release scheduled for Mar-24. Current Put/Call ratio at 0.29 vs. 0.48 a previous ratio of 0.98 (-39.58% change). This is a risky stock that is significantly more volatile than the overall market (beta = 2.26). The stock has gained 6.43% over the last year.

5. ConAgra Foods, Inc. (NYSE:CAG): Processed & Packaged Goods Industry. Market cap of $9.92B. Earnings release scheduled for Mar-24. Current Put/Call ratio at 0.36 vs. 0.59 a previous ratio of 0.98 (-38.98% change). Relatively low correlation to the market (beta = 0.73), which may be appealing to risk averse investors. The stock has lost 8.59% over the last year.

6. Scholastic Corporation (NASDAQ:SCHL): Publishing Industry. Market cap of $883.87M. Earnings release scheduled for Mar-24. Current Put/Call ratio at 0.3 vs. 0.41 a previous ratio of 0.98 (-26.83% change). The stock is a short squeeze candidate, with a short float at 20.47% (equivalent to 20.14 days of average volume). The stock has gained 4.56% over the last year.

7. Texas Industries Inc. (NYSE:TXI): Cement Industry. Market cap of $1.20B. Earnings release scheduled for Mar-25. Current Put/Call ratio at 0.31 vs. 0.4 a previous ratio of 0.98 (-22.5% change). This is a risky stock that is significantly more volatile than the overall market (beta = 2.18). The stock is also a short squeeze candidate, with a short float at 21.35% (equivalent to 29.91 days of average volume). The stock has had a couple of great days, gaining 9.24% over the last week.

8. General Mills Inc. (NYSE:GIS): Processed & Packaged Goods Industry. Market cap of $23.30B. Earnings release scheduled for Mar-23. Current Put/Call ratio at 0.32 vs. 0.41 a previous ratio of 0.98 (-21.95% change). The stock has gained 2.98% over the last year.

9. Fred's Inc. (NASDAQ:FRED): Discount, Variety Stores Industry. Market cap of $486.56M. Earnings release scheduled for Mar-24. Current Put/Call ratio at 0.26 vs. 0.3 a previous ratio of 0.98 (-13.33% change). The stock is a short squeeze candidate, with a short float at 8.32% (equivalent to 10.76 days of average volume). It's been a rough couple of days for the stock, losing 7.26% over the last week.

10. Charming Shoppes Inc. (NASDAQ:CHRS): Apparel Stores Industry. Market cap of $346.41M. Earnings release scheduled for Mar-24. Current Put/Call ratio at 0.25 vs. 0.28 a previous ratio of 0.98 (-10.71% change). The stock has performed poorly over the last month, losing 14.04%.

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

Source: 10 Stocks Releasing Earnings This Week, With Rising Call Volume