Apple, Amazon Face Tougher Scrutiny Reporting Earnings

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 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.

Value Level: 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.

Stocks Reporting Earnings Pre-market Wednesday

Boeing (BA) ($73.70): Has a buy rating according to ValuEngine with a reasonable price-to-earnings ratio, and is above its 200-day SMA at $73.16. The stock set its 2012 high at $77.83 on May 1 and its 2012 low at $66.82 on June 5. The weekly chart is positive with the 200-week SMA at $63.13. Investors and traders should reduce holdings on strength to my quarterly pivot at $74.54 and then employ a buy-and-trade strategy between the value level and risky level.

AT&T (T) ($35.26): Has a hold rating according to ValuEngine with a reasonable P/E and is above its 200-day SMA at $33.86. The stock set a multi-year high at $38.58 on Sept. 21. The weekly chart profile is negative with the 200-week SMA at $28.62. Investors and traders should reduce positions on strength to my quarterly pivot at $36.39 and then employ a buy-and-trade strategy between the value level and risky level.

Stocks Reporting Earnings Pre-market Thursday

Procter & Gamble (PG) ($68.50): Has a buy rating according to ValuEngine with a slightly elevated P/E. The stock is above its 200-day SMA at $65.55. PG set a multi-year high at $69.97 on Sept. 25. The weekly chart profile is positive but overbought with the 200-week SMA at $61.32, but may shift to negative on a close this week below its five-week MMA at $68.21. Investors and traders should book profits on strength to my monthly pivot at $68.62 and then employ a buy-and-trade strategy between the value level and risky level.

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