We believe Warnaco will continue to rally as the market becomes more comfortable with 2012 estimates.
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They just completed their acquisition of Warnaco ( WRC) on Wednesday and they report earnings on March 22.
Other competitors in the consumer cyclical sector include: Liz Claiborne (LIZ), Warnaco Group Inc (WRC), and Maidenform Brands (MFB).
Warnaco trades at 21 times trailing earnings, in line with other apparel companies.
However, Parkhill argues that the first catalyst for Warnaco could come next week.
FORBES: Calvin Klein, Speedo Maker's Stock to Extend Rally, Morgan Stanley Says
On Tuesday, Warnaco confirmed it would make a presentation at the ICR XChange, an annual investor conference, on Jan. 13.
FORBES: Calvin Klein, Speedo Maker's Stock to Extend Rally, Morgan Stanley Says
The second catalyst, Parkhill says, would be if Warnaco offers guidance that is in line with consensus estimates on its earnings call.
FORBES: Calvin Klein, Speedo Maker's Stock to Extend Rally, Morgan Stanley Says
Another fallen star: Linda Wachner , who led Warnaco into bankruptcy and an investigation by the U.S. Securities and Exchange Commission before leaving in 2001.
Winners include Pinnacle Entertainment and PVH Corp, which both jumped more than 21% after they announced their acquisitions of Ameristar Casinos and Warnaco Group, respectively.
The company complains, in a lawsuit against Warnaco, that its high-end image has been eroded by the appearance of CK apparel in mass-market stores like Costco.
Corp. and Warnaco Group stands in the way.
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Another fallen star: Linda Wachner , who led Warnaco (nasdaq: WRNC - news - people ) into bankruptcy and an investigation by the U.S. Securities and Exchange Commission before leaving in 2001.
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