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Update on Nine Disaster Recovery Stocks

Stocks in this article: HD LOW LPX OC SHW SWK USG WHR WY

Louisiana-Pacific (LPX) ($16.81) is down 10.4% since May 6 setting a 2013 low at $14.51 on June 26. Shortly after the May 6 post the stock was downgraded to hold from buy according to ValuEngine. The company matched first-quarter earnings estimates on May 6 earning 41 cents and is expected to earn 31 cents in the second quarter on August 6. It appears that the provider of building materials and engineered wood products did not benefit from the Sandy recovery. My weekly value level is $16.01 with a quarterly pivot at $17.73 and semiannual risky level at $17.94.

Owens Corning (OC) ($39.95) is down 7.1% since May 6 set a multiyear high at $45.55 on May 22. Shortly after May 6 the stock was upgraded to hold from sell. The company reported a first-quarter earnings beat of 8 cents a share earning 29 cents on April 24, then reported earnings miss of 12 cents a share earning 57 cents on July 24. It appears that the provider of home-construction products such as insulation, roofing, siding and stone did not significantly benefit from the Sandy recovery. My weekly value level is $38.06 with a semiannual pivot at $42.74 and monthly risky level at $45.58.

Sherwin Williams (SHW) ($176.83) is down 5.8% since May 6 after setting a new a new all-time high at $194.55 on May 14. The hold rated stock traded down to and held its 200-day SMA at $166.23 on July 18, which fulfilled the risk of a reversion to the mean. The company beat first-quarter earnings estimates by 3 cents a share on April 18 earning $1.11. On July 18, the company missed second-quarter earnings estimates by 4 cents a share earning $2.54 a share. It appears that the distributor and retailer of paint was helped by the Sandy recovery in a modest way. My semiannual value level is $174.49 with a quarterly risky level at $189.34.

Stanley Black & Decker (SWK) ($86.88) is up 12.8% since May 6 and set a new multiyear high at $87.85 on Monday. The hold rated stock traded below its 200-day SMA at $75.68 on June 24, then recovered. On April 25 the company reported a first-quarter earnings beat of 7 cents a share earning $1.03. On July 26 the company reported second-quarter earnings and beat EPS estimates by 2 cents earning $1.21 a share. In a disaster such as Sandy, the supplier of tools and related accessories benefited by homeowners and businesses doing their own repairs using the company's products. My weekly value level is $83.97 with a monthly pivot at $86.10 and semiannual risky level at $88.90.

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