NEW YORK ( TheStreet) -- Stocks should have a volatile week given the mix of earnings reports, economic data and the FOMC decision. Today I am profiling nine companies that report earnings on Thursday and Friday, including three more Dow components.Before I do, this mornings breaking news is that Apple (AAPL - Get Report) ($447.79) has been downgraded to hold from buy according to www.ValuEngine.com. The cause of this downgrade is that the stock's upside over the next 12 months fell to 3.9% following Monday's rally of $6.80. Apple remains undervalued, but just by 2.2%, and is down 24.7% over the last 12 months. The 12 month forward price-to-earnings ratio remains reasonable at 10.9. The weekly chart profile is positive with the stock above its five-week modified moving average at $432.12, after holding its 200-week simple moving average at $386.52 at the end of June. Apple is trading between annual pivots at $421.05 and $510.64.
Apple Downgraded, Chevron, Exxon and P&G Earnings Preview
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