This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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

Key Earnings This Week Could Provide Clue on Market's 'Mojo'

Stocks in this article: YUMAACOSTJBHTJPM

Earnings reports for Thursday, Oct. 11, 2012:

JB Hunt Transportation (JBHT) ($55.20) has a buy rating, according to ValuEngine, with an elevated P/E ratio. The stock is above its 200-day SMA at $53.49. JB Hunt set a multiyear high at $61.18 on June 19 and a second-half 2012 low at $50.56 on Sept. 20. The weekly chart is positive with the 200-week SMA at $39.11. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Bank of the Ozarks (OZRK) ($34.47) has a buy rating, according to ValuEngine, with a so-so P/E ratio and is well above its 200-day SMA at $30.87. The stock set a multiyear high at $34.98 on Sept. 14. This community bank has a positive weekly chart with the 200-week SMA at $20.46. Investors and traders should reduce long positions on strength to my weekly pivot at $35.04 and then employ a "buy and trade" strategy between the value level and risky level.

Bank of the Ozarks is a $3.75 billion community bank that the Federal Deposit Insurance Corp. has used to assume assets of failed smaller banks. OZRK has modest overexposures to commercial real estate loans, but its loan commitment pipeline is well-managed.

Earnings reports for Friday, Oct. 12, 2012:

JP Morgan Chase ($41.71) has a buy rating, according to ValuEngine, with a favorable P/E ratio and is above its 200-day SMA at $38.24. The stock set its 2012 high at $46.49 on March 27 and a 2012 low at $30.83 on June 4 as investors worried about the depth of the "London Whale" trading losses. Today that worry appears to be over as the stock is above the price gap of down from $40.74 on May 10 to $37.99 on May 11 when the trading loss was revealed. Will JPM provide an update on this trading loss? The weekly chart is positive but overbought with the 200-week SMA at $38.25. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Wells Fargo (WFC) ($35.84) has a buy rating according to ValuEngine with a reasonable P/E ratio and is above its 200-day SMA at $32.49. Wells set a multiyear high at $36.60 on Sept. 14. The stock has a neutral weekly chart profile as momentum is declining. The 200-week SMA is $27.80. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

3 of 4

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 16,792.23 +114.33 0.69%
S&P 500 1,960.42 +9.60 0.49%
NASDAQ 4,470.0750 +17.2830 0.39%

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