Goldman Sachs (GS) ($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) ($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.(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) ($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. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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