NEW YORK (TheStreet) -- As earnings season gathers momentum, today I handicap six more stocks that I view as "important to track." Two report results after the close on Wednesday and four pre-market on Thursday, and three are Dow components.
Before I drill down into the guts of these profiles let's update the profiles for the four "too big to fail" money center banks. On Thursday I wrote, Earnings From 'Too Big to Fail' Banks Key Rallyand on Friday
JP Morgan Chase (JPM) and
Wells Fargo (WFC)
beat EPS estimates but not on revenue. These hold rated money center banks moved sideways to down since then.
On Monday pre-market Citigroup (C) beat EPS estimates and on the revenue line. Citi remains buy rated stock traded up to $46.29 Monday morning, but remains below its March 11 high at $47.92. At the beginning of the year the PHLX KBW Banking Index (BKX) included four banks rated strong buy and another 14 rated buy. Today the only buy rated member of that index is Citigroup. Hold rated Bank of America (BAC) reports pre-market on Wednesday.
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. Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual. Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.
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