This Day On The Street
Continue to site
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

American Express Surges While IBM Goes to the Earnings Woodshed

NEW YORK ( TheStreet) -- On Monday and Tuesday, I provided my buy-and-trade profiles for 19 companies in two posts.

On Tuesday, I wrote, Intel, Yahoo and Citigroup Headline Tuesday's Earnings, which included eight companies. Five beat earnings-per-share estimates, two missed and one matched.

On Wednesday, I wrote, Bank of America, eBay and IBM Headine Wednesday's Earnings, which included 11 companies, but one delayed its report. Of the 10 that reported, eight beat EPS estimates, one missed and one matched.

Here's today's earnings scorecard:

American Express (AXP - Get Report) ($80.23) beat EPS estimates by 3 cents with earnings of $1.25 a share. The hold-rated credit-card giant gapped higher trading to a multiyear high at $80.40 on Thursday. My weekly value level is $74.28, with a semiannual pivot at $78.27 and quarterly risky level at $81.05.

[Read: <a target="blank" data-add-tracking="true" href=""><em>Greenberg: Hard Reset for Intuitive Surgical</em></a>]
Bank of America (BAC - Get Report) ($14.66) beat EPS estimates by 10 cents, earning 28 cents a share. Helping earnings was a decline of $915 million in reserves for losses. Investors awarded the company even though it reported a quarterly decline of 11% in its mortgage-originations business to $22.6 billion The stock opened on Wednesday above its 50-day simple moving average at $14.29 and advanced to a high at $14.66 yesterday. This hold-rated "too big to fail" money-center bank has a weekly value level at $14.09 and a monthly risky level at $15.03.

Citigroup (C - Get Report) ($51.12) missed EPS estimates by 4 cents, earning $1 a share. Citigroup reduced reserves for losses by $675 million. This hold-rated "too big to fail" money-center bank reported a 26% decline in fixed-income revenue. The stock traded down to $48.76 on Tuesday, and then moved above its 50-day SMA at $49.78 on Wednesday, trading to a high of $51.22 yesterday. My semiannual value level is $47.14, with a weekly pivot at $48.66 and quarterly risky level at $52.56.

[Read: <a target="blank" data-add-tracking="true" href=""><em>Cheap iPhone Rival Gaining China Market Share</em></a>]
Commerce Bancshares (CBSH - Get Report) ($45.89) beat EPS estimates by 3 cents, earning 75 cents a share. The stock held its 50-day SMA at $44.06 and rebounded to $45.99 on Thursday. The hold-rated community bank has a weekly value level at $42.83, with a quarterly pivot at $46.12 and semiannual risky level at $47.20.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AXP $65.43 0.00%
BAC $14.56 0.00%
C $46.28 0.00%
CBSH $46.82 0.00%
CSX $27.27 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs