Intel (INTC) ($21.79) beat lowered earnings estimates, but issued a warning that sales of personal computers should remain weak this holiday season. The company cut its revenue estimates for the year-end quarter. The stock traded down to $21.27 on Wednesday closing in on my semiannual value level at $21.14. My monthly risky levels is $25.07. The weekly chart is negative but oversold with the stock closing in on its 200-week SMA at $21.18.
Johnson & Johnson (JNJ) ($71.00) beat earnings estimates and the stock opened above my quarterly risky level, now a pivot at $68.76. My semiannual value level is $62.14 with monthly and quarterly pivots at $67.56 and $68.76 with annual risky levels at $70.65 and $75.79 where profits should be taken. The high, set in September 2008, is $72.76.
Coca Cola (KO) ($37.74) beat EPS estimates by a penny, but reported that earnings declined nearly 2% from the prior year. Earnings were hurt by the negative impact of currency fluctuations as a stronger dollar hurt their significant overseas business. The stock opened higher on Wednesday to $38.14, but drifted to a day's low at $37.70, staying between my semiannual pivot at $36.63 and my monthly risky level at $41.86. The weekly chart shifts to negative on a close this week below the five-week MMA at $38.20.
UnitedHealth Group (UNH) ($55.99) beat consensus estimates reporting higher revenue due to strong enrollment growth and share buy-backs. The stock opened with a high at $57.70 on Wednesday then drifted to a day's low at $55.65. My semiannual value level is $55.05 with my monthly risky level at $59.61.Pepsico (PEP) ($70.10) reported that they were adversely affected by currency issues as EPS declined 8% year over year, but EPS was a beat nonetheless. The company also affirmed its 2012 outlook. The stock opened with a day's high at $70.93 then drifted down to a day's low at $69.95. The stock remains between my quarterly value level at $68.44 and my monthly risky level at $72.22. The weekly chart stayed negative with a weekly close below the five-week MMA at $70.80. American Express (AXP) ($59.37) reported after the close on Wednesday and its third-quarter profit matched analysts' estimates. The stock drifted lower to $59.00 after the company reported that credit card spending growth slowed. In Thursday's trading activity, investors and traders should buy weakness to my annual pivot at $57.53 or sell strength to my quarterly risky level at $60.57. The weekly chart profile stays positive on a close this week above the five-week modified moving average at $58.15. At the time of publication, the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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