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.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
