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2 Hot Stocks Ahead Of Earnings

Like the song says, “the best is yet to come.” Unfortunately that might not be the case with earnings.

That’s because the market tends to adjust and price for results that come in early. And so far we’ve been getting a larger number of better than expected reports.

That means firms that report late in the season will probably be up against higher expectations – buoyed by the earlier strong results.

"A few weeks from now we'll have some problems," says Louis Navellier of NavellierGrowth.com.

That sounds like a trading opportunity to us.

Navellier suggests “enjoying it while it lasts. We have some good earnings in the pipe so let’s just enjoy it.” And he offers the desk 2 names to trade ahead of earnings – IBM and Valmont . ”IBM’s earnings should be up 42%,” Navellier says. “And I expect a huge earnings surprise from Valmont.”


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Trader disclosure: On October 14, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (NUE): Grasso Owns (AAPL), (ABK), (ASTM), (BAC), (C), (COST), (CSCO), (PFE), (PRST), (V), (WMT): Seymour Owns (AAPL), (BAC), (BHP), (EEM), (FXI), (INTC), (TTM), (LVS): Pete Najarian Owns (BX) Calls: Pete Najarian Owns (DELL) Call Spread: Pete Najarian Owns (HOG) Nov. Call, Is Short (HOG) Oct. Calls: Pete Najarian Owns (XLF) Calls: Pete Najarian Owns (YHOO) Call Spread: Pete Najarian Owns (LAZ), (LAZ) Puts: Pete Najarian Owns (C) Calls

For Steve Grasso
Stuart Frankel And/Or Its Partners Own (AIZ)
Stuart Frankel And/Or Its Partners Own (CMCSK)
Stuart Frankel And/Or Its Partners Own (CUBA)
Stuart Frankel And/Or Its Partners Own (GERN)
Stuart Frankel And/Or Its Partners Own (HSPO)
Stuart Frankel And/Or Its Partners Own (MSFT)
Stuart Frankel And/Or Its Partners Own (NWS.A)
Stuart Frankel And/Or Its Partners Own (NXST)
Stuart Frankel And/Or Its Partners Own (NYX)
Stuart Frankel And/Or Its Partners Own (PDE)
Stuart Frankel And/Or Its Partners Own (PRST)
Stuart Frankel And/Or Its Partners Own (RDC)
Stuart Frankel And/Or Its Partners Own (ROK)
Stuart Frankel And/Or Its Partners Own (TLM)
Stuart Frankel And/Or Its Partners Own (XOM)
Stuart Frankel And/Or Its Partners Own (XRX)
Stuart Frankel And/Or Its Partners Own (SDS)
Stuart Frankel And/Or Its Partners Is Short (QQQQ)
Stuart Frankel And/Or Its Partners Is Short (CL)

For Jon Najarian:
Jon Najarian Owns (GS)
Jon Najarian Owns (BAC) Preferreds

For Mark Mahaney
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (YHOO), (PCLN), (NFLX), (AKAM)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking
Compensation From (GOOG), (YHOO), (EXPE) In Past 12 Months
(GOOG), (YHOO), (EXPE) Are Or In Past 12 Months Were Clients Of Citigroup
Global Markets (Non-Investment Banking, Non-Securities Related)
(GOOG), (YHOO) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment-Banking, Securities-Related)
Citigroup Global Markets Is A Market Maker In (OPEN), (GOOG), (YHOO), (AMZN), (PCLN), (NFLX), (EXPE), (AKAM)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (GOOG), (YHOO), (EXPE)
Citigroup Global Markets Or Affiliates Owns 2% Or More Of (YHOO)

For Louis Navellier
Funds Managed By Navellier Own (IBM)
Funds Managed By Navellier Own (VMI)



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