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TheStreet Open House

How to Trade the Big Stocks Reporting Earnings Tuesday

Johnson & Johnson (JNJ) ($73.23) is expected to earn $1.17 per share. JNJ set a multiyear high at $73.23 on Friday, with the stock above its 200-day SMA at $67.85. The daily chart shows an extremely overbought condition, and the weekly chart is positive with the five-week MMA at $71.19. The stock has a buy rating, with my monthly value level at $71.86, weekly pivot at $72.88 and annual risky level at $76.79.

Travelers Companies (TRV) ($76.31) is expected to earn 11 cents per share, up from 4 cents, the estimate posted last week. TRV set a multiyear high at $76.55 on Friday, and the stock is above its 200-day SMA at $66.58. The daily chart shows an extremely overbought condition, and the weekly chart is positive, with the five-week MMA at $73.27. The stock has a buy rating with my monthly value level at $70.65. My weekly pivot is at $76.10.

Verizon Communications (VZ) ($42.54) is expected to earn 54 cents per share, down from 55 cents, the estimate posted last week. VZ set a multiyear high at $48.77 on Oct. 1, and the stock is below its 200-day SMA at $43.16. The daily chart is negative, and the weekly chart is neutral, with the five-week MMA at $43.49. The stock has a hold rating, with my annual value level at $40.76, weekly pivot at $43.33 and quarterly risky level at $45.88.

Here are my "buy and trade" profiles for the five stocks reporting after the close on Tuesday:

Cree (CREE) ($33.76) is expected to earn 20 cents per share. CREE set a 52-week high at $35.12 on Jan. 2, and the stock is above its 200-day SMA at $28.53. The daily chart is positive, and the five-week MMA is at $32.69. The stock has a hold rating, with my monthly value level at $26.65 and weekly risky level at $35.29.

CSX (CSX) ($20.91) is expected to earn 39 cents per share. CSX set a 52-week low at $18.88 on Nov. 16, and the stock is below its 200-day SMA at $21.44. The daily chart is positive, and the weekly chart is also positive. The five-week MMA is at $20.37, and the 200-week SMA is at $19.41. The stock has a buy rating, my monthly value level is at $19.73, my weekly pivot is at $20.76 and my quarterly risky level is at $22.31.

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