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General Motors and Facebook Headline Wednesday's Earnings

NEW YORK ( TheStreet) -- Today's buy-and-trade earnings previews focus on General Motors (GM - Get Report) which reports premarket Wednesday and Facebook (FB - Get Report) which reports in afterhours Wednesday.

We look at nine companies in seven sectors; three from the computer and technology sector and one each in these sectors; autos-tires-trucks, business services, construction, consumer discretionary, oils-energy and transportation.

The ValuEngine valuation warning remains in place with 77.8% of all stocks being overvalued, 47.28% by 20% or more. 15 of 16 sectors are overvalued by double-digit percentages, 11 by 21% to 27.2%.

The auto-tires-trucks sector is 26.5% overvalued with an underweight rating. Of the 96 stocks in this sector 40.6% have sell or strong sell ratings.

The business services sector is 25.5% overvalued with an equal-weight rating. Of the 236 stocks in this sector 61.4% have hold ratings.

The computer and technology sector is 24.4% overvalued with an overweight rating. Of the 1153 stocks in this sector 48% have buy or strong buy ratings.
[Read: <a target="blank" data-add-tracking="true" href="http://www.thestreet.com/story/12085677/1/will-twitter-be-an-ipo-all-star.html"><em>Will Twitter Be an IPO All-Star?</em></a>]

The construction sector is 18.5% overvalued with an underweight rating. 55.7% of the 158 stocks in this sector have sell or strong sell ratings.

The consumer discretionary sector is 26.2% overvalued with an equal-weight rating. Of the 400 stocks in this sector 83% have hold ratings.

The oils-energy sector is 10.5% overvalued with an underweight rating. Of the 553 stocks in this sector 32% have sell or strong sell ratings.

The transportation sector is 26.3% overvalued with an 'avoid-source of funds rating. Of the 176 stocks in this sector 73.3% have sell or strong cell ratings.
[Read: <a target="blank" data-add-tracking="true" href="url" rel="nofollow"><em>HED-HERE</em></a>]

Only two of the nine stocks in today's table have buy ratings. Five have hold ratings and two have sell ratings. My headline stocks are undervalued by 7.2% and 4.3%, while six are overvalued by 21.7% to 61.2%. One is down 38.0% over the last 12 months, while seven have gains between 22.6% and 643.4%. Only one stock is below its 200-day simple moving average with eight above which reflects the risk of reversion to the mean.
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SYM TRADE IT LAST %CHG
CRUS $28.99 -3.88%
FB $87.23 -2.46%
GM $28.64 -2.72%
GRMN $36.81 -2.13%
RYL $41.92 -3.05%

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Chart of I:DJI
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASDAQ 4,636.1050 -140.4030 -2.94%

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