This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Alcoa and 'Too Big to Fail' Banks Key Next Week's Earnings

Stocks in this article: AAYUMFDOOZRKCBSHWFCJPM

Alcoa ($7.71) set a new multi-year low at $7.63 on Wednesday as EPS estimates were cut by a penny to 9 cents per share. My annual value level is $5.23 with a weekly pivot at $7.90 and monthly risky level at $8.23.

Family Dollar ($63.32) appears to have established a trading range from $65.82 on May 15 down to $59.30 on June 4. My monthly value level is $57.38 with the 200-day SMA at $62.39, a weekly pivot at $62.99 and quarterly risky level at $70.03.

Yum! Brands ($71.12) appears to have established a trading range from $73.89 on June 10 down to $67.06 on June 24 versus the 200-day SMA at $68.25. My monthly value level is $65.53 with a weekly pivot at $71.04 and semiannual risky level at $73.12. Keep in mind that business at Kentucky Fried Chicken in China has been hurt by quality control issues.

When reviewing the earnings reports from regional and community banks, note that the FDIC in presenting its Quarterly Banking Profile for Q1 2013 cautioned that net interest income has narrowed and that growth in loan demand remains slow. In addition, the recent sharp rise in U.S. Treasury yields is a potential drag on earnings for banks that face mark-to-market issues on securities held for trading versus those held to maturity.

Commerce Bancshares (CBSH) ($44.07) set a multi-year high at $45.18 on Wednesday as EPS estimates were raised a penny to 72 cents a share. My monthly value level is $41.48 with a semiannual risky level at $47.20.

Bank of the Ozarks (OZRK) ($44.59) set its 2013 high at $45.70 on May 22. My semiannual value level is $41.09 with an annual pivot at $43.44 and monthly risky level at $46.27.

When evaluating the earnings reports from any of the four 'too big to fail' banks remember that their balance sheets are so huge that accounting flexibility will usually result in an earnings beat.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs