Here's my up-to-date Market Pulse, which shows the upside potential to semiannual risky levels and the downside risks to annual value levels. For the Dow industrials the upside is 6.9% with 17.7% downside risk.
Here's the scorecard for the stocks that reported earnings results after the bell Thursday. These were previewed on Aug. 6 in, Groupon, Tesla and Priceline Headline Earnings Previews.
Molycorp (MCP) ($6.69) missed EPS estimates by 9 cents by reporting a loss of 36 cents a share. The producer of rare earth oxide continues to have a sell rating, according to ValuEngine and closed Thursday at $7.41. The stock traded into the investor woodshed with a low of $6.21 on Friday, but the close was above its 50-day SMA at $6.44. My monthly value level is $4.74 with a weekly risky level at $7.49.(NVDA) ($14.49) beat EPS estimates by 3 cents by reporting EPS of 16 cents a share. The maker of 3-D graphics processors has a buy rating and closed Thursday at $14.70. The stock traded as low as $14.11 on Friday but closed above its 50-day SMA at $14.38. My quarterly value level is $11.20 with weekly and monthly pivots at $14.43 and $14.95 and semiannual risky level at $17.21. Priceline.com (PCLN) ($969.89) beat EPS estimates by 5 cents earning $9.05 a share. The online "name your own price" retailer continues to have a buy rating and closed Thursday at $933.75. The stock began Friday with a moon shot to $994.98, which is significantly greater than my semiannual pivot at $935.65. The stock ended the week below a new weekly pivot at $975.31. A buy rating means that the stock will gain at least 5% over the next 12 months. Priceline is projected to gain 8.4% which is a $1,050 price target. Rackspace Hosting (RAX) ($47.85) beat EPS estimates by 3 cents, by reporting EPS of 16 cents a share. The Web-hosting company still has a hold rating and closed Thursday at $44.22. The stock surged to $49.50 on Friday. The stock is trading between its 50-day SMA at $40.37 and its 200-day SMA at $54.96. My monthly value level is $35.36, with weekly and quarterly risky levels at $51.75 and $56.26. At the time of publication, Suttmeier had no positions in stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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