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Will Apple Sour a Mixed Earnings Season?

AT&T (T) ($38.28) is a buy rated Dow component in the utilities sector which is 8.8% overvalued. The stock set a multi-year high at $38.80 on April 11. The weekly chart profile is positive but overbought with the five-week MMA at $37.12. My quarterly value level is $36.47 with a weekly pivot at $38.86 and annual risky level at $39.86.

Norfolk Southern (NSC) ($74.75) is a sell rated stock in the transportation sector which is 10.6% overvalued. The stock has tried three times to breakout above $78.00 to $78.50 since July 2011 and has failed to do so. The weekly chart profile is positive but overbought, but a close this week below its five-week MMA at $74.25 will shift this profile to negative. My quarterly value level is $69.85 with a semiannual pivot at $74.99 and annual risky level at $75.90.

YUM! Brands (YUM) ($65.04) is a buy rated stock in the retail-wholesale sector which is 13.2% overvalued. The weekly chart profile is negative with the five-week MMA at $67.41. My semiannual value level is $61.13 with a weekly risky level at $70.02.

At the time of publication the author held no positions in any of the stocks mentioned.

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

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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