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Earnings From These Seven Stocks Should Set the Market's Tone

Reporting before the open on Thursday is UnitedHealth Group (UNH) ($52.82). It's expected to earn $1.20 per share. UNH set a multiyear high at $60.75 back on June 19, 2012. The daily chart is neutral, and the weekly chart is negative with the stock below its five-week MMA at $53.65. My annual value level lags at $44.08 with a monthly pivot at $53.61 and a semiannual risky level at $54.10.

Reporting most likely before the open on Thursday is Morgan Stanley (MS) ($20.17). It's expected to earn 29 cents a share, a downward revision from 31 cents a week ago. Even with a hold rating and lowered earnings estimate, the stock is just below its March 26, 2012 high at $21.19. The daily and weekly charts are both positive, with the stock above the five-week MMA at $18.56. My monthly value level is $15.13 with a weekly pivot at $20.80 and semiannual risky level at $28.29.


Reporting after the close on Thursday is Intel (INTC) ($22.00) - is expected to earn $0.45 per share. Intel is well below its multi-year high at $29.27 set on May 3, 2012. The daily chart just became overbought and the weekly chart is positive with the stock above the five-week MMA at $21.03 and the 200-week SMA at $21.60. My semiannual value level is $19.80 with a weekly pivot at $21.17 and quarterly risky level at $24.88.

Reporting before the open on Friday is General Electric (GE) ($21.13). It's expected to earn 43 cents per share. GE is well below its multiyear high at $23.19 from Oct. 5, 2012. The daily chart is neutral, and the weekly chart is positive with the stock on the cusp of the five-week MMA at $21.11. My semiannual value level is $19.17 with a quarterly pivot at $21.19 and monthly risky level at $22.26.

Reporting before the open on Friday is Schlumberger (SLB) ($73.75). It's expected to earn $1.09 per share, up a penny from a week ago. SLB is well below its 52-week high at $80.78 Feb. 22, 2012. The daily chart is overbought, and the weekly chart is positive with the stock above the five-week MMA at $71.03 and the 200-week SMA at $69.06. My monthly value level lags at $64.50 with a weekly pivot at $72.39 and semiannual risky level at $94.62.

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.

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 RSuttmeier@Gmail.com.
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