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Positive Earnings in Overvalued Market

Public Storage (PSA - Get Report) ($161.28) beat EPS estimates by 6 cents earning $1.83 a share. This stock is categorized as a REIT-equity Trust in the finance sector. I have read that nonpayment of monthly rent of storage units is on the rise, and that after the grace period ends the storage facility owner auctions off the contents of defaulted units sight unseen by the bidders. For the stock, my annual value level is $149.89 with monthly and quarterly risky levels at $168.47 and $168.55.

Vulcan Materials (VMC) ($49.68) missed EPS estimates by a penny earning 13 cents. This construction stock set a reaction high at $50.78 on Aug. 1, which was a failed test of the 50-day SMA at $50.80. My semiannual, monthly and quarterly pivots are $47.42, $48.82 and $49.74.

Exxon Mobil (XOM) ($92.73) missed EPS estimates by 34 cents earning $1.55. My quarterly value level is $91.62 was tested at the Aug. 1 low at $91.25 with the close above the 50-day SMA at $91.94. My monthly pivot is $92.64 with an annual risky level at $105.52.

Here are three potash stocks that were taken to the woodshed this week:

Intrepid Potash (IPI) ($13.07) plunged from $19.44 on July 29 to $12.04 on Aug. 1. The stock began the week with a sell rating and has been upgraded to hold this morning. My quarterly value level is $10.66 with a monthly risky level at $15.36.

Mosaic (MOS) ($41.88) plunged from $53.21 on July 29 to $39.95 on July 30. The stock has a hold rating with a quarterly value level is $41.36 and weekly risky level at $49.82.

Potash of Saskatchewan (POT) ($29.48) plunged from $37.90 on July 29 to $28.85 on Aug. 1. The stock has a hold rating with a quarterly value level is $26.01 and monthly risky level at $37.65.

Other woodshed stocks:

Digital River (DRIV) ($17.27) plunged from $20.02 on July 18 to $16.74 on Aug. 1. The stock has a buy rating with a monthly value level is $16.94 which held at the low. My weekly risky level is $20.08.

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