This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Earnings Winners Outrun Losers but Apple Hits Hurdle


NEW YORK ( TheStreet) -- Eight of the nine stocks I profiled Monday in How to Trade the Big Stocks Reporting Earnings Tuesday reported better than expected quarterly results continuing the trend of seeing earnings winners far outrun losers.

On Tuesday, I wrote, Apple, McDonald's Headline Earnings Wednesday , and the winning streak continued before the open on Wednesday with two more winners.

Then came Apple (AAPL) after the close. Apple beat EPS estimates by 37 cents per share earning $13.81 per share. The initial after-hours reaction to Apple's beat was a spike to the upside. I am not sure of the high, but I saw $533 flash on the TV screen before Apple shares were sliced. Apple missed on the revenue line, iPhone sales were below estimates and guidance came in below expectations. I am not sure of the after hours low, but I saw a print below $450.

Apple traded between $504.77 and $514.99 pre-earnings on Wednesday influenced by my annual pivot at $510.64, which now must be considered a risky level. My annual value level is $421.04 with a semiannual pivot at $470.21 and annual risky level at $510.64. Any investors concerned about Apple's performance thus had the opportunity to reduce long positions at $510.64.

My scorecard for earnings premarket Tuesday through premarket Wednesday:

Reporting premarket Tuesday DuPont (DD) ($46.99) beat EPS estimates by two cents earning 11 cents per share. DD traded up to $47.95 on Tuesday then returned to my quarterly pivot at $47.55. The stock remains hold rated with my monthly value level at $41.24.

Reporting premarket Tuesday Johnson & Johnson (JNJ) ($73.23) beat EPS estimates by two cents earning $1.19 per share. JNJ cut forward guidance so that stock traded around its weekly pivot at $72.88 on Tuesday and Wednesday. JNJ still has a buy rating with monthly, quarterly and semiannual value levels at $71.86, $70.97 and $69.50 and my annual risky level at $76.79.

Reporting premarket Tuesday Travelers (TRV) ($76.31) beat EPS estimates by 60 cents earning 72 cents per share. TRV set a new multi-year high at $80.00 on Tuesday then as low as $77.15 on Wednesday. The stock still has a buy rating with my monthly value level at $70.65 with a weekly pivot at $76.10.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David 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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs