Stocks Reporting After Market Thursday
Newmont Mining (NEM) ($53.07): Has been upgraded to buy-from-hold according to ValuEngine with a reasonable P/E and is above its 200-day SMA at $51.84. The stock set its 2012 high at $64.43 on Feb. 23 with the 2012 low set at $42.95 on July 27. The weekly chart is negative with the 200-week SMA at $52.77. Investors and traders should sell strength to my annual pivot at $53.89 and then employ a "buy-and-trade" strategy between the value level and risky level.
Starbucks (SBUX - Get Report) ($45.87): Has a buy rating according to ValuEngine with an elevated P/E and is below its 200-day SMA at $51.37. The stock set a multi-year high at $62.00 on April 16. The stock has a negative weekly chart profile with the 200-week SMA is $31.87. Investors and traders should employ a "buy-and-trade" strategy between the value level and risky level.