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Update on Nine Disaster Recovery Stocks

USG (USG - Get Report) ($26.74) is up just 0.8% since May 6 set a multiyear high at $30.97 on Feb. 13 and traded as low as $21.35 on June 24. The stock was downgraded to sell from hold later in May. The company reported a first-quarter earnings miss of 8 cents a share on April 24, earning 1 cent. On July 25 it reported a second-quarter earnings beat of 6 cents earning 23 cents a share. The sequential improvement in earnings was likely helped by the Sandy disaster recovery for this provider of building materials for home construction. The stock has rebounded to its 200-day SMA at $26.78. My semiannual value level is $25.64 with a monthly pivot at $26.23 and annual risky level at $44.11.

Whirlpool (WHR - Get Report) ($137.05) gained 15.2% since May 6 and set a new multi-year high at $138.33 on Friday. The hold-rated company reported a first-quarter earnings beat of 2 cents a share on April 24, earning $1.97. On July 19 it missed second-quarter EPS estimates by 3 cents earning $2.37 a share. The maker of major home appliances seemed to have been helped by replacement demand during the recovery from the wrath of Sandy. My semiannual value level is $130.26 with a monthly pivot at $136.56.

Weyerhaeuser (WY - Get Report) ($28.16) lost 9.3% since May 6 and set a new multiyear high at $33.24 on May 22. The hold rated stock then declined to $26.38 on June 24. The stock had been trading back and forth around its 200-day SMA at $29.33 since June 5. On April 26 the company reported a first-quarter earnings beat of 4 cents a share, earning 26 cents. Then on July 26 it reported a second-quarter earnings beat of 5 cents earning 35 cents a share. The harvester of timber and forest products might have been helped by Sandy relief to some degree. My semiannual value level is $24.26 with an annual pivot at $28.69 and monthly risky level at $31.18.



At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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