I will have my eye on the earnings report out of Rocky Mountain Chocolate (RMCF) tomorrow after the bell. It’s hard to imagine that a chocolate maker could increase more than 500% in the past two years and it looks as though there is room to run. It’s a very small company still rapidly expanding. The stock broke out of another base back on June 14th and never looked back, surging 40% from the breakout point. Traders are taking profits today ahead of earnings and the stock has taken a bit of a hit today with an 7% decline on volume.
Two other notable earnings will be reported before the bell tomorrow morning – Horizon Health (HORC), a highly rated manager of psychiatric and physical rehabilitation programs and Universal Forest Products (UFPI), a leading manufacturer, distributor and and installer of lumber, composite, plastic and other building materials. The thinly traded stock made a big move today and broke out to all time highs on very heavy volume. Is someone expecting a blow out earnings report tomorrow?