NEW YORK ( TheStreet) -- A week before Thanksgiving the earnings season headliners are retailers. On Tuesday and Wednesday we get earnings from specialty retailers in sporting goods, home improvement, office supply and pets and pet supplies.
On Thursday the two major big box retailers of just about everything report their quarterly results. Also on Thursday are two discount retailers, one who features goods and products that cost a dollar, the other sells discount clothing.
Market technicals continued to deteriorate last week on the back of significant market declines on the two days following Election Day. The majority of retail-related ETFs, consumer discretionary stocks, consumer staples stocks, and retail-wholesale stocks have negative weekly chart profiles. In fact seven of the eight retail stocks I profile today have negative weekly chart profile, and the eighth is overbought.
www.ValuEngine.com we show that 12 of 16 sectors are overvalued, led by construction overvalued by 12.0% and consumer staples overvalued by 11.4%. That stated all eight of the stocks I am profiling today have buy ratings according to ValuEngine and six are undervalued.
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.
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