This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

American Eagle, HP, Target, Staples Into Earnings Woodshed

NEW YORK (TheStreet) -- Today's earnings scorecard features nine companies that reported quarterly results Wednesday, and I previewed these stocks Tuesday in Hewlett-Packard, Lowe's, Target Earnings on Deck. Four of these stocks were sent to the woodshed following earnings disappointments.

American Eagle Outfitters (AEO) ($14.78 vs. $16.00 on Aug. 19) matched EPS estimates earning 10 cents a share. The stock was taken to the woodshed trading down to $14.33 Wednesday on a reported decline in traffic at their retail stores. Share price weakness resulted in an upgrade to a strong buy rating, but I do not show a value level with the stock is below a weekly risky level at $16.95.

Hewlett-Packard (HPQ) ($22.40 vs. $25.88 on Aug. 19) missed EPS estimates by a penny earning 86 cents a share. The stock closed at $25.38 on Wednesday and gapped lower to $21.81 Thursday. The trip to the woodshed followed CEO Meg Whitman's revelation that the company would not see revenue growth in 2014. The stock still has a buy rating with a semiannual pivot at $24.24 with a weekly risky level at $25.84.

Lowes Companies (LOW) ($46.98 vs. $43.67 on Aug. 19) beat EPS estimates by 8 cents earning 88 cents a share. The stock rallied to a post-earnings high at $47.51 Thursday. The stock still has a buy rating with a monthly value level at $43.99 with a weekly risky level at $48.75.

L Brands (LTD) ($59.21 vs. $59.04 on Aug. 19) beat EPs estimates by a penny earning 61 cents a share and the buy rated stock traded down to $57.01 Thursday. My semiannual value level is $56.99 with weekly and semiannual risky levels at $62.93 and $63.35.

PetSmart (PETM) ($70.95 vs. $74.42 on Aug. 19) beat EPs estimates by 3 cents earning 89 cents a share and the buy rated stock dipped to $70.63 Wednesday vs. its 50-day SMA at $71.21 with Friday's close below this key level. My monthly value level is $64.91 with a semiannual risky level at $74.51.

JM Smucker (SJM) ($108.46 vs. $109.06 on Aug. 19) beat EPS estimates by 4 cents earning $1.24 a share but the hold rated stock slipped to $106.65 Thursday vs. its 50-day SMA at $107.63 with Friday's close above this key level. My semiannual value level is $102.37 with a semiannual pivot at $109.18 and monthly risky level at $111.92.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,033.17 -65.28 -0.38%
S&P 500 1,995.07 -8.30 -0.41%
NASDAQ 4,577.3510 -2.92 -0.06%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs