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!

Apple Buy, Google Hold, Amazon Sell

Stocks in this article: AAPL GOOG AMZN ($275.59) had a hold rating back on Feb. 5, but with new monthly benchmark data from ValuEngine the stock has been downgraded to sell with the stock below its Jan. 25 high at $284.72.

Amazon is 71.1% overvalued with a twelve month forward P/E ratio at 171.9. The weekly chart shifts to neutral with a close this week above its five-week MMA at $266.29.

The 200-week SMA lags at $175.17.

My quarterly value level is $255.75 with a monthly pivot at $275.15 and a weekly risky level at $277.07, so profits should be taken with the stock between these levels. My semiannual risky level is $307.64.

Chart Courtesy of Thomson / Reuters

Google ($838.60) continues to have a hold rating and set a new all time high at $840.14 on Tuesday. Google is 3.3% overvalued according to ValuEngine with a twelve month forward P/E ratio at 16.61. The one-year price target is just above Tuesday's all time high at $841.81.

As oversold as Apple is on its weekly chart, that's how overbought Google has become with a 12x3x3 weekly slow stochastic reading at 91.27, where readings above 80.00 are overbought. The five-week MMA is $783.72 with the 200-week SMA at $576.35. My quarterly value level is $660.40 with a weekly pivot at $809.61 and semiannual and monthly risky levels at $854.04 and $868.08.

Chart Courtesy of Thomson / Reuters

Tomorrow I will profile 10 to 15 brand name stocks that were downgraded to hold from buy following monthly benchmark revisions to ValuEngine data. Many of these names may surprise you.

With the Dow at new all-time highs, a Dow Theory Buy Signal has been confirmed, but with strength in a market that's overvalued fundamentally and overbought technically, individual stocks will lose buy ratings on strength as they move from value investments to momentum trades.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

2 of 2

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