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TheStreet Open House

Will Apple Sour a Mixed Earnings Season?

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.

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

The seven companies I cover today represent five overvalued sectors.

Reporting pre-market on Tuesday: Du Pont (DD) ($49.19) is a hold rated Dow component in the basic materials sector which is 15.3% undervalued. The stock has been seeing lower highs going back to May 2011. The weekly chart profile is positive but overbought with the stock above its five-week modified moving average and 200-week SMA at $48.83 and $44.50. My monthly value level is $45.04 with a weekly risky level at $51.08.

Travelers (TRV) ($84.81) is a hold rated Dow component in the finance sector which is 11.1% overvalued. The stock set a multi-year high at $86.61 on April 15. The weekly chart profile is positive but extremely overbought with the five-week MMA at $83.15. My quarterly value level is $73.36 with a weekly pivot at $86.28 and monthly risky level at $87.09.

United Technologies (UTX) ($93.22) is a buy rated Dow component in the multi-sector conglomerates sector which is 1.1% undervalued. United Technologies set a multi-year high at $95.84 on April 11. The weekly chart profile is positive with extremely overbought momentum and the five-week MMA at $92.50. My annual value level is $90.05 with a semiannual pivot at $94.43 and monthly risky level at $95.20.


Reporting after the close on Tuesday:

Apple (AAPL) ($390.53) is a buy rated stock in the computer and technology sector which is 6.2% overvalued. Apple was a $700 stock in September and is now approaching its 200-week SMA at $372.70 on an extremely oversold weekly chart with its five-week MMA at $434.64. I do not have a value level with a weekly pivot at $403.52, an annual pivot at $421.05, and monthly, semiannual and annual risky levels at $461.98, $470.21 and $510.64.

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