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

Earnings reports for Thursday, Oct. 11, 2012:

JB Hunt Transportation (JBHT - Get Report) ($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.

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SYM TRADE IT LAST %CHG
AA $13.00 0.62%
COST $150.24 -0.83%
JBHT $85.24 -0.19%
JPM $59.95 -0.38%
YUM $78.84 0.15%

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