This Day On The Street
Continue to site
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

Earnings Scorecard: BofA, Citigroup, Goldman Beat; Coke Fizzles

Goldman Sachs (GS - Get Report) ($160.24) reported a beat of 89 cents, earning $3.70 per share. The stock has a buy rating and traded up to $164.30, but when the company warned that a repeat of these results could be problematic, the stock fell to $159.43, making Tuesday a key reversal day. My weekly value level is $159.31, with a monthly risky level at $166.67.

JB Hunt (JBHT) ($75.48) missed EPS estimates by 1 cent, earning 73 cents per share. This sell-rated trucker traded down, but held its 50-day SMA at $73.12. My weekly value level is $72.22, with its July 11 multi-year high at $77.76, and a monthly risky level at $79.03.

Johnson & Johnson (JNJ) ($90.40) reported a beat of 8 cents, earning $1.48, and the stock traded to a new multi-year high at $91.66 on Tuesday. The day's low was $90.13 on profit-taking on this hold-rated Dow component. My monthly pivot becomes a value level, at $87.52.

Coca Cola (KO - Get Report) ($40.23) matched EPS estimates, earning 63 cents, but reported weaker-than-expected sales. On Monday, the stock was testing its 50-day SMA at $41.19, but fell to $39.50 on Tuesday, staying above its 200-day SMA at $39.08. The day's low was a test of my weekly value level at $39.60 for this buy-rated consumer staple. My monthly pivot becomes the risky level at $41.29, with the quarterly risky level at $42.46.

[Read: <a target="blank" data-add-tracking="true" href=""><em>Pride Costs Wal-Mart, Washington</em></a>]

Mosaic (MOS) ($54.12) missed EPS estimates by 3 cents, earning $1.12. The stock is below its 200-day SMA at $57.62, with this week's value level at $53.77.

Yahoo! (YHOO - Get Report) ($26.88) beat EPS estimates by 5 cents, earning 30 cents per share, but missed on the revenue line. The stock is up above $27.00 in the premarket. My weekly value level is $26.02, with a monthly risky level at $28.59.

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 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
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
C $54.18 0.00%
BAC $17.47 0.00%
GS $188.67 0.00%
KO $43.36 0.00%
YHOO $32.96 0.00%


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs