NEW YORK ( TheStreet) -- Last week four stocks gapped lower on negative stock specific news. A regional department store blamed slowing same store sales on Superstorm Sandy. A luxury jewelry store missed earnings estimates on lower-than-expected sales of lower-priced silver-based products.
A fast food chain reported weaker-than-expected fried chicken sales in China. And an Internet software company said raising prices for their products would be limited due to a new deal with the U.S. government.
The three retailers taken to the woodshed are in the retail-wholesale sector, which is 7.6% overvalued according to
. The Internet software stock is in the computer-technology sector, which is 3.3% overvalued. The Internet software industry is 16.9% undervalued.
Reading the Table
: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
: 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 12 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 12 months. Stocks with a black number are projected to move higher by that percentage over the next 12 months.
: 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.
: A level between a value level and risky level that should be a magnet during the timeframe noted.
: The price at which to enter a GTC Limit Order to sell on strength.
(KSS - Get Report)
($44.65) gapped below its 200-day simple moving average at $49.82 last Thursday after they reported weaker-than-expected same store sales blaming Superstorm Sandy. Shares were taken to the woodshed and chopped by 9.0%.