NEW YORK (TheStreet) -- RV sales have been on the rise as an alternative to buying or renting a home. While travelling from location to location the 'on the road again' family will likely be wearing athletic footwear and apparel, and if in the southeast may have shopped at the discount retailer profiled today. An in-RV activity while on and off road will most likely be on a device loaded with entertainment software. Finally, as the family drives by a farm they are likely to experience the healthy aroma of fertilizer.
Today I profile five companies in this scenario who report quarterly results pre-market on Thursday; three from the retail-wholesale sector, one in the basic industry sector, and one nebulously in the construction sector.
At www.ValuEngine.com we show that 64% of all stocks are overvalued. The retail-wholesale sector is 18.1% with the basic industry sector 4.4% undervalued and the construction industry 22.7% overvalued.
With three of five stocks retail-oriented, weakening consumer confidence could be a factor in these earnings reports. On Tuesday we learned that the Conference Board's reading on Consumer Confidence plunged to 59.7 in March down from 68.0 in February, as this index moves further below the neutral 90 to 110 range for this measure. Here's the chart courtesy of Advisor Perspectives.
Reading the TableOV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy. Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage. Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.
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