NEW YORK (TheStreet) -- Today I am profiling earnings for eight stocks that I believe are the most important to track this week. Two are gold mining companies which have lagged the price of gold. Two are the major oils-energy stocks in the Dow Industrial Average. One is a benchmark for consumers' use of credit cards. Another is a big-cap pharmaceutical company in the Dow. I also included a major generic drug company and a chain of coffee shops.
Market technicals deteriorated last week with both the Dow Industrial Average and S&P 500 ending the week with negative weekly chart profiles. The Nasdaq and Russell 2000 were already negative. Dow transports ended last week with a neutral weekly chart.
At www.ValuEngine.com we show that 11 of 16 sectors are overvalued. The five most overvalued are; construction by 17.0%, medical by 11.3%, retail-wholesale by 10.9%, finance by 10.8%, utilities by 10.4% and consumer staples by 10.4%.
Reading the TableOV/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 twelve 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 in the table are projected to move higher by that percentage over the next twelve 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.
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