AT&T (T) ($34.63) beat EPS but missed on the revenue line. The stock opened lower last Wednesday and trades between my annual value level at $31.07 and my quarterly risky level at $36.39.
Procter & Gamble (PG) ($69.44) beat analysts' estimates and reported that it was on track to cut 5,700 jobs by year-end. The stock popped to $70.83 at last Thursday's open, allowing investors and traders to reduce positions at my quarterly risky level at $70.38. The 200-day SMA and semiannual value level are $65.60 and $61.55, respectively, with my quarterly pivot at $70.38 and weekly and annual risky levels at $70.92 and $78.47, respectively.
Under Armour (UA) ($52.15) beat EPS, matched on revenue, but lowered guidance, and the stock gapped lower on last Thursday's open, trading down from $55.50 then down to $50.03 last Friday vs. its 200-day SMA at $49.80. Below the 200-day is my semiannual value level at $42.68. Weekly and quarterly risky levels are $54.17 and $60.84, respectively.
Amazon.com (AMZN) ($238.24) missed on both EPS and on revenue. I saw Amazon trade as low as $205.25 in after-hours trading vs. the 200-day SMA at $217.17. This helped stabilize the stock. Amazon wants to be viewed as a growth stock, and the market agreed. The stock recovered to $238.71 on Friday, as my semiannual pivot at $236.23 provided a magnet. Investors and traders who are bullish on Amazon could have taken advantage of this volatility. My weekly and quarterly risky levels are $251.63 and $263.71, respectively.Apple (APPL) ($604.00) missed on EPS with a modest beat on the revenue line. I saw Apple trade as low as $589.00 in after-hours trading last Thursday, staying above its 200-day at $587.85. Apple returned to its 4:00 p.m. EDT close at $609.54, and then traded as high as $614.00 on Friday. Apple traded as low as $591.00 on Friday, staying above the 200-day, which was a buying opportunity for investors and traders who still like the Apple story. My semiannual value level is $481.73 with weekly and quarterly risky levels at $632.23 and $674.21, respectively. Merck (MRK) ($46.15) missed revenue estimates before the market opened last Friday. The stock opened at $45.79 and traded up to $46.76. The trade is between my monthly value level at $44.52 and my weekly risky level at $47.25. At the time of publication, Suttmeier had no positions in stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage. Follow @Suttmeier
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV