Retail Earnings at the Mall
NEW YORK (TheStreet) -- As the third quarter earnings season winds down it's time to focus on retailers found in many shopping malls around the country. The nine retailers I profile today sell apparel, shoes sporting goods, home furnishings or computer games. All nine stocks have buy ratings according to www.ValuEngine.com and seven are trading above their 200-day simple moving averages.
On Monday I profiled eight larger retailers in Wal-Mart, Target, Home Depot Report Earnings This Week. Each of these stocks are also buy rated and Home Depot (HD) reported their quarterly results pre-market on Tuesday. The home improvement giant comfortably beat earnings estimates on both the top and bottom line. The stock set a new multi-year high at $64.44 in reaction to this report, so the stock continues its mojo run with an overbought weekly chart. As long as closes are above my monthly pivot at $62.76 the upside is to its all time bubble top of $70 set in April 2000.
All nine stocks I profile today are in the retail-wholesale sector which is 4.3% overvalued according to ValuEngine. Apparel and shore retailers are 3.5% undervalued and miscellaneous/diversified stores are 11.2% overvalued.
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.
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