Morgan Stanley (MS) ($27.70) beat EPS estimates by 2 cents earning 45 cents per share reported premarket on Thursday. The stock traded to a new multi-year high at $27.95 on Thursday. My weekly value level is $25.75 with a monthly pivot at $27.13 and semiannual risky level at $29.47. Morgan Stanley has a hold rating and is 34.7% overvalued and is up 98.0% over the last 12 months.
Microsoft (MSFT) ($35.44) missed estimates by 15 cents earning 59 cents per share. The company also missed on the revenue line. Shares fell 6.3% in after hours trading down to $33.20. My monthly value level is $32.41 with quarterly and semiannual pivots at $33.52 and $33.95 and a semiannual risky level at $35.89 versus the July 16 multi-year high at $36.42. Microsoft has a hold rating and is 25.1% overvalued and is up 16.4% over the last 12 months going into this earnings report.
UnitedHealth Group (UNH) ($70.55) beat estimates by 15 cents earning $1.40 per share premarket on Thursday. The stock set a new multi-year high at $70.85 vs. my semiannual risky level at $73.01. My semiannual value level is $62.39. UnitedHealth has a hold rating and is 24.5% overvalued and is up 25.2% over the last 12 months.
Union Pacific (UNP) ($161.36) beat estimates by 2 cents earning $2.37 per share reporting premarket on Thursday. The stock set a new multi-year high at $162.30 versus my semiannual risky level at $167.94. My monthly value level is $159.33. Union Pacific has a sell rating and is 20.6% overvalued and is up 36.1% over the last 12 months.(VZ) ($49.97) matched estimates premarket on Thursday earning 73 cents per share. The stock declined to $49.19 versus my semiannual pivot at $49.86. My weekly value level is $47.35 with a semiannual pivot at $49.86 and monthly risky level at $50.86. Verizon has a buy rating and is just 1.4% overvalued and is up 8.9% over the last 12 months. > 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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