This Day On The Street
Continue to site
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

Kohls, Red Robin Beat with Gourmet Burgers in a Moon-Shot

NEW YORK ( TheStreet) -- The majority of earnings reports I previewed last week and this week are in the retail-wholesale sector, and most of these companies had buy ratings pre-earnings.

On Aug. 13 I wrote Nordstrom, Kohls and Ross Stores Up Next on Earnings and four of the five companies previewed beat EPS estimates. Ross Stores (ROST) rescheduled its report to Aug. 22. Two of the five stocks moved higher with one in a moon-shot, while two moved sideways and one moved lower following their quarterly earnings reports.

Today's market pulse below shows that the S&P 500 ended Wednesday down just 3.9% since setting its latest all-time high at 1709.67 on Aug. 2. The upside to my semiannual risk level at 1743.50 is 6.1% with the downside risk to my annual value level at 1348.30 is 17.9%.

Semiconductor equipment maker Applied Materials (AMAT - Get Report) ($15.55 vs. $15.65 on Aug. 12) missed EPS estimates by a penny earning 18 cents a share in afterhours trading last Thursday. The trading reaction Friday set a range between $15.04 and $16.06, which remains the range today around the 50-day SMA at $15.77. The hold rated stock has a semiannual value level is $14.88 with weekly and monthly risky levels at $16.64 and $17.89.
[Read: <a target="blank" data-add-tracking="true" href=""><em>Apple, Google, Netflix, the Olympics and the NFL</em></a>]

Skin care, makeup, hair products and fragrances retailer Estee Lauder (EL - Get Report) ($66.32 vs. $66.58 on Aug. 12) beat EPS estimates by 2 cents a share earning 24 cents premarket last Thursday. The stock closed Aug. 14 at $65.13 above its 200-day SMA at $64.70 and traded up to $68.82 on this positive earnings result. The buy rated stock traded around my annual pivot at $67.56 with an annual risky level $70.93. This week's risky level is $68.41.
[Read: <a target="blank" data-add-tracking="true" href=""><em>Why the Uneducated Are Making More than You</em></a>]

High end luxury fashion-oriented retailer Nordstrom (JWN - Get Report) ($56.75 vs. $60.79 on Aug. 12) beat EPS estimates by 5 cents earning 93 cents a share in afterhours trading last Thursday. The company lowered forward guidance, and after closing at $59.33 Thursday, the stock gapped lower on Friday trading down to its 200-day SMA at $56.68 and as low as $56.12 on Monday. Nordstrom still has a buy rating and is trying to stabilize around my monthly value level, now a pivot at $56.31. My annual pivot is $59.87 with a quarterly risky level at $60.75.
1 of 2

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMAT $16.81 0.00%
EL $90.99 0.00%
JWN $48.18 0.00%
KSS $42.06 0.00%
RRGB $59.12 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs