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If you believe that the options market is a good predictor of the spot market, this list present you with some of the stocks traders believe may decline after releasing earnings.

To compile this list we looked for stocks with the following characteristics:

  • Releasing earnings next week
  • Market cap between $2B - $10B, or the so mid-caps
  • Increase of Put/Call ratio over the last two weeks greater than 20%

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With this information in mind, which of these stocks are you most bearish about? Or if you are a contrarian, which of these stocks do you think is more like to surprise on the upside and rally?

1. Energen Corp. (NYSE:EGN): Gas Utilities Industry. Market cap of $4.47B. This company is expected to announce earnings on Apr-27. Its Put/Call ratio increased by 448.6%, from 0.35 to 1.92. The stock has gained 28.43% over the last year.

2. Alliance Holdings GP, L.P. (NASDAQ:AHGP): Nonmetallic Mineral Mining Industry. Market cap of $2.97B. This company is expected to announce earnings on Apr-26. Its Put/Call ratio increased by 333.3%, from 0.15 to 0.65. After a solid performance over the last year, AHGP has pulled back during recent sessions. The stock is -4.15% below its SMA20 and -7.% below its SMA50, but remains 10.15% above its SMA200. The stock has performed poorly over the last month, losing 12.95%.

3. Bemis Company, Inc. (NYSE:BMS): Packaging & Containers Industry. Market cap of $3.45B. This company is expected to announce earnings on Apr-28. Its Put/Call ratio increased by 310.0%, from 0.3 to 1.23. The stock has gained 6.53% over the last year.

4. Old Republic International Corp. (NYSE:ORI): Surety & Title Insurance Industry. Market cap of $3.29B. This company is expected to announce earnings on Apr-28. Its Put/Call ratio increased by 262.2%, from 2.09 to 7.57. The stock has lost 9.82% over the last year.

5. AllianceBernstein Holding L.P. (NYSE:AB): Asset Management Industry. Market cap of $2.26B. This company is expected to announce earnings on May-02. Its Put/Call ratio increased by 228.6%, from 0.28 to 0.92. The stock has lost 31.68% over the last year.

6. O'Reilly Automotive Inc. (NASDAQ:ORLY): Auto Parts Stores Industry. Market cap of $8.18B. This company is expected to announce earnings on Apr-27. Its Put/Call ratio increased by 213.3%, from 0.98 to 3.07. The stock has gained 26.2% over the last year.

7. Arthur J Gallagher & Co. (NYSE:AJG): Insurance Brokers Industry. Market cap of $3.26B. This company is expected to announce earnings on Apr-26. Its Put/Call ratio increased by 204.9%, from 0.61 to 1.86. The stock has gained 17.79% over the last year.

8. Woodward, Inc. (NASDAQ:WWD): Industrial Electrical Equipment Industry. Market cap of $2.32B. This company is expected to announce earnings on Apr-25. Its Put/Call ratio increased by 181.6%, from 0.38 to 1.07. The stock has gained 2.89% over the last year.

9. Pharmaceutical Product Development Inc. (NASDAQ:PPDI): Medical Laboratories & Research Industry. Market cap of $3.47B. This company is expected to announce earnings on Apr-26. Its Put/Call ratio increased by 179.4%, from 0.63 to 1.76. The stock is a short squeeze candidate, with a short float at 5.27% (equivalent to 6.06 days of average volume). The stock has had a good month, gaining 10.92%.

10. Rollins Inc. (NYSE:ROL): Business Services Industry. Market cap of $2.94B. This company is expected to announce earnings on Apr-27. Its Put/Call ratio increased by 154.1%, from 0.74 to 1.88. The stock has gained 33.92% over the last year.

11. Theravance Inc. (NASDAQ:THRX): Biotechnology Industry. Market cap of $2.33B. This company is expected to announce earnings on Apr-28. Its Put/Call ratio increased by 113.3%, from 0.98 to 2.09. The stock is a short squeeze candidate, with a short float at 7.98% (equivalent to 11.31 days of average volume). Exhibiting strong upside momentum--currently trading 10.4% above its SMA20, 17.71% above its SMA50, and 33.38% above its SMA200.

12. Goodyear Tire & Rubber Co. (NASDAQ:GT): Rubber & Plastics Industry. Market cap of $3.80B. This company is expected to announce earnings on Apr-26. Its Put/Call ratio increased by 107.5%, from 0.53 to 1.1. This is a risky stock that is significantly more volatile than the overall market (beta = 2.7). The stock has gained 7.45% over the last year.

13. Signature Bank (NASDAQ:SBNY): Regional Bank. Market cap of $2.29B. This company is expected to announce earnings on Apr-26. Its Put/Call ratio increased by 81.0%, from 1.42 to 2.57. Relatively low correlation to the market (beta = 0.44), which may be appealing to risk averse investors. The stock is a short squeeze candidate, with a short float at 5.94% (equivalent to 12.31 days of average volume). The stock has gained 39.71% over the last year.

14. NV Energy, Inc. (NYSE:NVE): Diversified Utilities Industry. Market cap of $3.50B. This company is expected to announce earnings on Apr-29. Its Put/Call ratio increased by 80.5%, from 0.82 to 1.48. The stock has gained 21.49% over the last year.

15. Alere Inc. (NYSE:ALR): Medical Laboratories & Research Industry. Market cap of $3.29B. This company is expected to announce earnings on Apr-27. Its Put/Call ratio increased by 49.5%, from 1.03 to 1.54. The stock is a short squeeze candidate, with a short float at 8.27% (equivalent to 14.8 days of average volume). The stock has gained 2.97% over the last year.

16. Lender Processing Services, Inc. (NYSE:LPS): Business Services Industry. Market cap of $2.45B. This company is expected to announce earnings on Apr-28. Its Put/Call ratio increased by 37.3%, from 1.61 to 2.21. Might be undervalued at current levels, with a PEG ratio at 0.87, and P/FCF ratio at 8.2. The stock is currently stuck in a downtrend, trading -9.44% below its SMA20, -12.37% below its SMA50, and -8.99% below its SMA200. It's been a rough couple of days for the stock, losing 6.% over the last week.

17. Stericycle, Inc. (NASDAQ:SRCL): Waste Management Industry. Market cap of $7.96B. This company is expected to announce earnings on Apr-27. Its Put/Call ratio increased by 35.4%, from 1.58 to 2.14. The stock has gained 64.27% over the last year.

18. LKQ Corp. (LKQX): Auto Parts Wholesale Industry. Market cap of $3.46B. This company is expected to announce earnings on Apr-28. Its Put/Call ratio increased by 28.8%, from 2.67 to 3.44. The stock has gained 12.76% over the last year.

19. Cavium Networks, Inc. (NASDAQ:CAVM): Semiconductor Industry. Market cap of $2.17B. This company is expected to announce earnings on Apr-28. Its Put/Call ratio increased by 27.2%, from 2.54 to 3.23. The stock is a short squeeze candidate, with a short float at 15.66% (equivalent to 6.58 days of average volume). Exhibiting strong upside momentum--currently trading 7.18% above its SMA20, 10.29% above its SMA50, and 33.27% above its SMA200. The stock has had a couple of great days, gaining 7.08% over the last week.

*Earnings dates sourced from Finviz, options data sourced from Shaeffer’s

Source: 19 Stocks With Bearish Options Sentiment Releasing Earnings This Week