Our Healthcare analyst Tom Tobin made a bullish pitch on the upside potential of Joint Corp (JYNT) yesterday.
Today, the stock price is up over 30%.
Tobin moved JYNT from his short bench to his long bench yesterday entering the chiropractic care company's earnings report.
"It looks reasonably positive on a Quad factor," Tobin said yesterday on "The Healthcare Show." "You have this Healthcare macro overlay that looks good. Plus, market go up, right? We have this S&P 500 estimate trend that looks very supportive of anything. Plus, the healthcare estimate momentum also looks very supportive."
Investors who acted on Tobin's call had a profitable day.
"It's this tiny little throw-away chiropracty doc in a box type of place," Tobin said of Joint Corp this morning on The Call @ Hedgeye. "The chiropractic macro is really bad. Surprisingly, chiropracty's a big space. It was incredibly weak and I'm starting to see a turn."
"JYNT reported last night. They talked about flattening comps. If you ran the simple metrics on this thing, if they just hit the consensus and the multiple recovers a little bit, you've got a 12 to 15 stock."
The stock price opened at 9.62 today. As of 1:30pm ET, it had surpassed the 12 mark.
Watch the full episode of "The Healthcare Show" free below.
Healthcare Pro subscribers can tune in at 1pm ET Thursdays for more of Tobin's actionable investing insights.