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Sears Soars 13%, So Does Five Below; Green Mountain Coffee Perks Up; Restoration Hardware Reporting

Dan Berman
Hot Stock Minute
Sears Soars 13%, So Does Five Below; Green Mountain Coffee Perks Up; Restoration Hardware Reporting

Five Below (FIVE) has been up as much as 14% since reporting earnings after yesterday's close. The discounter reported earnings of 11-cents a share excluding items when estimates were for 9-cents. Revenue also topped forecasts at more than $117-million. Sales were also up 35% in the past year, since the company first went public. That's due to both a 6.6% increase in same-store sales and a jump in the number of locations. Even prior to this morning's spike, shares are up 10% over the past month. They've retreated a bit from an all-time high set in March, but are still up 21% year-to-date.

Restoration Hardware (RH) rose 3% yesterday ahead of its earnings which come out this afternoon. The climb put the stock at its high level since its IPO last November, with an impressive rise of 147%. As of yesterday's close, the company had a market cap of $2.99-billion, so even a small move up today could push it past the $3-billion mark. But first, traders will have to see how rising interest rates are affecting furniture sales since there's evidence of a slowdown in the housing market. Analysts are expecting the company to report profits of 43-cents a share on$377.6-million in revenue.

Sears (SHLD) has soared for no obvious reason. The stock shot up nearly 13% during the regular trading session. And not on any news. In fact, at around 3pm CNBC's John Carney tweeted, "What the heck is going on with Sears today? Up more than 13%." We did some research on our own and found it could be due to an ongoing short squeeze. The gains put Sears stock up 27% year-to-date.

Green Mountain Coffee Roasters (GMCR) climbed 5-% yesterday ahead of its first-ever investor meeting which takes place today. But if an article in the New York Times is any indication, the event could be a bit rocky. Columnist Jesse Eisinger questions how many K-Cups the company is really selling, plus what's portrayed as unusual movements in inventory as described by former employees. And for what it's worth hedge fund manager David Einhorn has shorted the stock, raising questions about Green Mountain's prospects and its bookkeeping. At this point, the stock has nearly doubled in 2013, up 98%.