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Tracking Stock Price Reactions to Earnings

Caterpillar (CAT - Get Report) ($98.60) beat EPS estimates after adjustments. CAT is well below its February 2012 high set at $116.95 and is well above its July 2012 low set at $78.25. The stock still has a buy rating with a quarterly value level at $92.77, annual pivots at $96.43 and $97.63, a weekly risky level at $99.11 and semiannual risky level at $111.99.

D R Horton (DHI) ($23.82) beat EPS estimates by six cents earning 20 cents per share. The stock has been downgraded to hold from buy this morning after setting a new multi-year high at $24.03 in reaction to its earnings report. My semiannual value level is $20.50 and monthly pivot at $21.92 and no risky levels.

Ryland Group (RYL) ($41.31) beat EPS estimates by six cents after the close on Tuesday earning 56 cents per share. RYL has a hold rating and was trading around $42.75 in after-hours trading. My monthly value level is $37.26 with a weekly pivot at $41.07 and no risky levels.

Pfizer (PFE - Get Report) ($27.70) beat EPS estimates by three cents earning 47 cents per share. PFE still has a buy rating and set a new multi-year high at $27.84 on Tuesday in reaction to its earnings report. My monthly value level is $25.47 with weekly and quarterly pivots at $26.92 and $27.13 and no risky levels.

At the time of publication the author held no positions in any of the 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 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
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CAT $79.64 0.00%
MSFT $40.72 0.00%
MMM $162.52 0.00%
PFE $34.33 0.00%
T $32.89 0.00%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

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