Apparently I am not the only one expecting retailer Abercrombie & Fitch (ANF) to report better than expected earnings this week because the stock of the company is up over 6% during midday trading.

While I think that retailers are going to be seeing slower growth, Abercrombie has taken a beating to its stock and is poised for a rebound. I personally shop at Abercrombie nearly exclusively for clothing and I have had to cut back considerably over the summer. But because of Abercrombie’s ownership of a more budget friendly clothing outfit, Hollister and Co, they are still able to capitalize on the shrinking budgets of teens and young adults.

I was hoping to enter into an August 52.50 Call option, but now I’m thinking of waiting for a pullback in the next couple of days before earnings. However that pullback may not happen. This just goes to show that waiting too long can cost you.

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[tags]abercrombie, investing, stocks, hollister, shaun carter, earnings, call option[/tags]