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Apple Ripens as Amazon, Starbucks Set to Report

Starbucks (SBUX - Get Report) ($59.39) is expected to earn 48 cents a share. The stock is rated buy, is trading around its fair value with a one year price target at $63.38. The stock has been trying to re-capture its April 2012 high at $62. The weekly chart profile is positive but overbought with the five-week MMA at $57.65. My semiannual value level is $49.88 with monthly and quarterly risky levels at $60.63 and $63.10.


A company reporting before the open on Friday:

Chevron (CVX) ($117.48) is expected to earn $3.07 a share. The stock is rated hold, is 13.6% overvalued with a one year price target at $122.40. The stock set a multi-year high at multi-year high at $121.56 on March 25. The weekly chart profile stays negative with a close this week below its five-week MMA at $117.39. Semiannual and quarterly value levels are $111.22 and $109.58 with a monthly pivot at $117.69 and annual risky levels at $22.26 and $123.08.

I have been tracking the ratings in the DowJones Industrial Average stating that the buy rated names are candidates for your allocations to the long side of the stock market. Today the number of stocks rated buy fell to 13 as General Electric (GE) and Intel (INTC) have been downgraded to hold.

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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SYM TRADE IT LAST %CHG
AAPL $132.65 1.82%
AMZN $438.56 -1.47%
NSC $104.50 -0.75%
SBUX $50.87 -1.87%
T $34.09 0.24%

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DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

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