Apple, McDonald's Headline Earnings Wednesday

Reporting after the close on Thursday AT&T (T) ($33.44) -- is expected to earn 47 cents per share down from 48 cents estimate of last week. AT&T set a multi-year high at $38.58 on Sept. 21 and is below its 200-day SMA at $34.90. The daily chart is negative and the weekly chart is neutral with the five-week MMA at $34.13. The stock has a hold rating with my semiannual value level at $31.76 with a weekly risky level at $35.08.

Reporting after the close on Thursday Microsoft (MSFT) ($27.25) -- is expected to earn 75 cents per share. MSFT is well below its multi-year high at $32.95 set on March 16, 2012 and is below its 200-day SMA at $29.39. The daily chart is positive and the weekly chart is oversold with the five-week MMA at $27.19 and the 200-week SMA at $26.96. The stock has a buy rating with my weekly value level at $26.07 with a quarterly pivot at $27.26 and annual risky level at $27.92.

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

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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].

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