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Dow Earnings Preview: Microsoft, Intel, GE, Verizon

Dow stocks reporting quarterly results pre-market on Thursday:

UnitedHealth Group (UNH) ($68.36) set a multi-year high at $68.75 on July 10. My semiannual value level is $62.39 with a weekly pivot at $65.01 and semiannual risky level at $73.01.

Verizon (VZ) ($51.21) traded down from $54.31 on April 30 to a low of $47.77 on June 3. My semiannual value level is $42.34 with a semiannual pivot at $49.86 with a quarterly risky level at $51.27.

Reporting after the close on Thursday is Microsoft (MSFT - Get Report) ($35.68) set a multi-year high at $35.78 on June 7, which was challenged on Thursday. My monthly value level is $32.41 with a quarterly pivot at $33.52 and semiannual risky level at $35.89.

Reporting pre-market on Friday is General Electric (GE - Get Report) ($23.94) was upgraded to buy from hold according to ValuEngine at the beginning of the month. The stock set a multi-year high at $24.45 on June 18. My quarterly value level is $22.75 with a monthly pivot at $23.99 and semiannual risky level at $26.68.

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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