Wal-Mart (WMT) ($77.87 vs. $78.89 last week): Missed EPS estimates by a penny earning $1.14 on May 16 and offered cautious comments. The stock was trading at a multi-year high at $79.96 before the earnings release and traded as low as $77.34 in reaction to on May 16. My monthly risky level is $74.08 with a quarterly pivot at $78.49 and weekly risky level at $81.50.
Here are the profiles for the front nine of this week's retail-wholesale earnings:
Reading the Table
OV/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. Risky Level: Price at which to enter a GTC limit order to sell on strength.
Two companies report quarterly results on Monday: Urban Outfitters (URBN) ($44.54): Set a multi-year high at $44.82 on May 15. The weekly chart profile is positive with the five-week modified moving average at $41.92. My monthly value level is $41.42 with a weekly pivot at $44.62 and annual risky level at $46.41. Tech Data (TECD) ($48.73): Traded up to $54.60 on Feb. 20 then down to $43.02 on April 19. The weekly chart stays positive given a weekly close above the five-week MMA at $47.32. My weekly value level is $46.78 with a quarterly risky level at $51.80.