Shoe Carnival (SCVL) will report earnings before the market opens on Thursday, November 19.

Shoe Carnival is a leading retailer of family footwear. Each store offers a wide selection of both name brand and private label merchandise. Contests, games, neon signs, flashing lights and up-tempo music produce an energized shopping atmosphere.

SCVL is expected to earn 30 cents for its 3rd quarter. We expect the Shoe Store to announce earnings that will beat investors’ and analysts’ expectations. We anticipate seeing earnings closer to 32 cents – or a 2 cent upside surprise.

Shoe Carnival has performed well as of late around its earnings announcements. Four of the last 7 quarterly reports have seen the company’s shares rise by double digits. Five of seven times the stock gained in price.

The timing for the earnings news could be right for investors as share have dipped as of late, giving the stock plenty of room to move. In addition, Stockcharts.com free Point & Figure technical analysis has a bullish price objective of more than $23 per share.

We believe trading SCVL for earnings is appropriate for high risk investors only.

MARKETS FALLING?

We are worried about stock prices in the days ahead. According to our technical analysis, there is a much greater chance that stocks could fall rather than rise in the near term. Wise investors might consider pulling a few dollars off the table.

There is a flip side to that coin though, If the markets were to rise, the double reverse ETFs would lose $2 for every $1 in market gains.

Saba Software Inc. (SABA)
10/23/2009 Closing Price: $4.23
Wall Street’s 1 year price target: $6.13

We believe SABA could possibly double in price within the next 12-to-24 months. Saba is the premier global provider of strategic human capital management (HCM) software and services. Saba’s people management solutions are used by more than 1,300 organizations and over 17 million end users worldwide. Saba’s solutions increase organizational performance by aligning workforce goals with organizational strategy; developing, managing and rewarding their people; and improving collaboration.

We believe the technology company is well positioned to take advantage of worldwide shortage of skilled workers. Consider these facts.
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