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Earnings Season Gathers Momentum

Risky Level: Price at which to enter a GTC limit order to sell on strength.

The six companies I cover today represent five overvalued sectors.

Companies reporting after the close on Wednesday:

American Express (AXP - Get Report) ($64.10) is a hold rated stock in the finance sector, which is 15.2% overvalued. American Express set a multi-year high at $67.75 on April 1. The weekly chart profile shifts to neutral with a close this week below its five-week modified moving average at $64.50 as momentum is projected to remain overbought. My monthly value level is $62.38 with a quarterly risky level at $67.93.

eBay (EBAY) ($55.84) is a buy rated stock in the retail-wholesale sector which is 17.1% overvalued. The stock set a multi-year high at $58.04 last Thursday. The weekly chart profile is positive with the five-week MMA at $54.95. My quarterly value level is $53.14 with a monthly risky level at $59.49.

Companies reporting pre-market on Thursday:

Pepsico (PEP - Get Report) ($78.92) is a buy rated stock in the consumer staples sector which is 17% overvalued. Pepsico set a multi-year high at $80.48 last Thursday. The weekly chart profile is positive with extremely overbought momentum and the five-week MMA at $77.65. My annual value level is $77.05 with an annual pivot at $79.02 and weekly risky level at $82.33.
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AXP $65.84 0.00%
EBAY $24.61 -0.04%
PEP $102.97 0.00%
UNP $88.51 0.00%
UNH $132.07 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

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