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Handicapping Tuesday's Earnings Reports

At www.ValuEngine.com we show that 58.6% of all stocks are undervalued with 41.4% overvalued. While this is a better mix than a week ago, eleven of 16 sectors are overvalued.

The five most overvalued sectors are medical by 13.9%, construction by 12.5%, retail-wholesale by 11.3%, finance by 10.9%, consumer staples by 10.8%, and utilities by 10.3%.

According to Thomson / Reuters earnings season began with only 59% of the S&P 500 beating earnings estimates. If this trend continues third-quarter earnings would be the worst quarter by this statistic since fourth-quarter 2008.

Reading the Table

OV / UN Valued: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.

Last 12-Month Return(%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next twelve months. Stocks with a black number are projected to move higher by that percentage over the next 12 months.

Value Level: is the price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: is the price at which to enter a GTC limit order to sell on strength.

Earnings Reports for Tuesday:

CSX Corp (CSX - Get Report) ($21.31): Has a buy rating according to ValuEngine with a reasonable price-to-earnings ratio. CSX is below its 200-day SMA at $21.98. The stock has traded in a 2012 range between $20 and $23.50. The weekly chart is negative with the 200-week SMA at $18.67. Investors and traders should employ a "buy-and-trade" strategy between the value level and risky level.

Goldman Sachs (GS - Get Report) ($120.20): Has a hold rating according to ValuEngine with a reasonable P/E and is above its 200-day SMA at $107.91. The stock set its 2012 high at $128.72 on March 27 and set a second half 2012 low at $90.43 on June 26. The weekly chart profile is positive but overbought with the 200-week SMA at $134.34. Investors and traders should employ a "buy-and-trade" strategy between the value level and risky level.

IBM Corp (IBM - Get Report) ($207.80): Has a buy rating according to ValuEngine with a reasonable P/E. The stock is above its 200-day SMA at $197.91. IBM set an all time high at $211.79 on Oct. 5. The weekly chart profile is positive but overbought with the 200-week SMA at $149.12. Investors and traders should book profits on strength to my monthly pivot at $208.88 and then employ a "buy-and-trade" strategy between the value level and risky level.

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SYM TRADE IT LAST %CHG
CSX $37.46 0.00%
GS $197.53 0.00%
IBM $174.51 1.90%
INTC $33.42 0.00%
JNJ $100.13 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

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