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This Week's Key Earnings Reports

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.

Stocks Reporting Pre-market Friday

Chevron Corp (CVX - Get Report) ($111.18): Has a buy rating according to ValuEngine with a favorable P/E and is above its 200-day SMA at $107.67. The stock set a multi-year high at $118.53 on Sept. 19. The stock has a negative weekly chart profile with the 200-week SMA is $88.37. 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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SYM TRADE IT LAST %CHG
CVX $109.11 0.00%
MA $86.93 0.00%
PFE $35.04 0.00%
SBUX $47.62 0.00%
XOM $86.93 0.00%

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