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Handicapping Tuesday's Earnings Reports

Intel Corp (INTC - Get Report) ($21.48): Has a buy rating according to ValuEngine with a favorable P/E. The stock is well below its 200-day SMA at $26.07. Intel declined from a multi-year high at $29.27 on May 3 to a year to date low at 21.40 on Oct 12. The weekly chart is negative but oversold with the stock closing in on its 200-week SMA at $21.14, which is my semiannual value level. Intel has warned on earnings and thus the bar is set much lower. Intel is in my ValuTrader Model Portfolio and subscribers will be adding to this position on a GTC limit order to buy weakness to $21.14.

Johnson & Johnson (JNJ - Get Report) ($67.97): Has a buy rating according to ValuEngine with a reasonable P/E and is above its 200-day SMA at $66.08. The stock set a multi-year high at $69.75 on Aug. 1. JNJ turned negative on its weekly chart at Friday's close with the 200-week SMA at $62.12. Investors and traders should employ a "buy-and-trade" strategy between the value level and risky level.

Coca Cola (KO - Get Report) ($38.23): Has a buy rating according to ValuEngine with an elevated P/E and is above its 200-day SMA at $37.02. The stock set its 2012 high at $40.66 on July 31 after a 2012 low at $33.28 on Jan. 13. The weekly chart turned negative at Friday's close with the 200-week SMA at $30.33. Investors and traders should employ a "buy-and-trade" strategy between the value level and risky level.

UnitedHealth Group (UNH - Get Report) ($57.07): Has a strong buy rating according to ValuEngine with a reasonable P/E and is above its 200-day SMA at $55.19. UNH set a multi-year high at $60.75 on June 19 then a second half 2012 low at $50.32 on Aug. 2. The stock has a positive weekly chart profile with the 200-week SMA is $39.28. Investors and traders should employ a "buy-and-trade" strategy between the value level and risky level.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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