This Day On The Street
Continue to site
ADVERTISEMENT
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

Aetna, Hess and MasterCard Earnings Beat Views

NEW YORK ( TheStreet) -- The major equity averages surged to new highs Thursday as traders further inflate the QE-induced bubbles in the stock market. The new all-time highs are 15,650.69 Dow industrials, 1707.85 S&P 500, 6686.86 Dow transports and 1060.96 Russell 2000. The Nasdaq traded to a new multi-year high at 3678.50 vs. my new monthly pivot at 3663.

The ValuEngine valuation warning intensified with 77.1% of all stocks overvalued and with 46.3% overvalued by 20% or more. 15 of 16 sectors are overvalued, 14 by double-digit percentages, eight by more than 20%.

A close today above my monthly pivot at 3663 on the Nasdaq indicates upside to monthly and semiannual risky levels at 16,188 and 16,490 Dow industrials, 1742.5 and 1743.5 S&P 500, 3663 and 3759 Nasdaq, 7087 and 7104 Dow transports and 1092.24 and 1089.42 Russell 2000. The % upside shown in the table below is between 2.1% and 6.5%.

My quarterly value levels are 14,288 Dow industrials, 1525.6 S&P 500, 3284 Nasdaq, 5348 Dow transports and 863.05 on the Russell 2000 with My annual value levels lag at 12,696 Dow industrials, 1348.3 S&P 500, 2806 Nasdaq and 809.54 Russell 2000. The % downside risk is shown in the right most column in the table below. Note that the downside is more than 20% for four of the six averages in the table.

Today's earnings scorecard covers companies that reported on Tuesday and Wednesday:

On July 26 I wrote, Facebook Booms, Merck, Pfizer Earnings Loom and here's how the six performed since then:

Aetna (AET - Get Report) ($63.73) beat EPS estimates by 13 cents earning $1.52 a share. The stock held its 50-day SMA at $62.13 on July 30. My semiannual value level is $60.96 with an annual pivot at $62.77 and a new monthly risky level at $68.49.

Cummins (CMI - Get Report) ($122.94) beat EPS estimates by 23 cents earning $2.20 a share. The stock set a new 2013 high at $123.90 on July 30. My quarterly value level is $100.94 with a new monthly risky level at $131.11.
[Read: <a target="blank" data-add-tracking="true" href="http://www.thestreet.com/story/11995806/1/kodaks-bankruptcy-manufacturing-a-21st-century-rebirth.html"><em>Kodak's Bankruptcy: Manufacturing a 21st Century Rebirth</em></a>]

Merck (MRK - Get Report) ($48.58) beat EPS estimates by 2 cents earning 84 cents a share. The stock moved sideways with my annual value level at $46.99, a quarterly pivot at $47.75 and semiannual risky level at $51.80.
1 of 3

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AET $113.56 1.80%
CNW $34.79 2.50%
CMI $120.90 0.49%
CW $64.83 1.44%
MRK $52.98 0.86%

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs