7 Conglomerates to Trade in Earnings Season

General Electric (GE) ($21.13) is expected to earn 43 cents per share on Jan. 18, and has been downgraded to hold from buy this morning. GE set a multi-year high at $23.18 on Oct 5. The daily and weekly charts are neutral with the stock above the five-week MMA at $21.11. My semiannual value level is $19.17 with an annual pivot at $21.09 with monthly risky level at $22.26.

Honeywell (HON) ($66.36) is expected to earn $1.08 per share on Jan. 25. HON set a multi-year high at $66.80 on Monday. The daily chart is overbought with a positive weekly chart and the five-week MMA at $63.57. My quarterly value level is $62.65 with an annual pivot at $64.71 and semiannual risky level at $69.27.

3M Company (MMM) ($95.49) is expected to earn $1.41 per share on Jan 24. MMM set a 52-week high at $95.73 on Monday. The daily and weekly charts are positive with the stock above the five-week MMA at $92.91. My monthly value level is $91.64 with a weekly pivot at $95.44 and semiannual risky level at $111.34.

>>> Also see: Netflix Ready to Tame Wall Street Skeptics

Textron (TXT) ($26.40) is expected to earn 58 cents per share on Jan. 23. TXT set a multi-year high at $29.18 on April 4. The daily and weekly charts are positive with the stock above the five-week MMA at $25.04. My quarterly value level is $24.27 with a semiannual risky level at $27.38.

Tyco International (TYC) ($29.82) is expected to earn 39 cents per share on Feb. 5. TYC set a multi-year high at $30.58 on Jan 3. The daily and weekly charts are positive with the five-week MMA at $28.85. My weekly value level is $28.65 with a monthly pivot at $29.94 and annual risky level at $31.56.

United Technologies (UTX) ($84.57) is expected to earn $1.02 per share on Jan. 23. UTX lags its multi-year at $91.83 set on July 7, 2011. The daily and weekly charts are positive with the five-week MMA at $81.63. My quarterly value level is $80.70 with an annual risky level at $88.84.



At the time of publication, the author held no positions in any of the stocks mentioned.

Follow @Suttmeier

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 [e-mail].

« First ‹ Previous 1 2