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Zale, Express, Guess? and TiVo Sail Higher on Earnings


NEW YORK ( TheStreet) -- Earlier this week I previewed several companies in the retail sectors, most of them in the retail-wholesale sector. Today I provide an earnings scorecard for 13 of the stocks that I covered in these two posts.

On Monday I wrote Tiffany, Williams-Sonoma Headline Wednesday Earnings and on Tuesday I wrote Campbell, Krispy Kreme and Retailers Earnings Preview. Six stocks beat EPS estimates, five matched estimates and two missed estimates.

Regardless of the hits and misses, six ended the week lower, four ended higher and three traded up then down.

Friday morning we learned U.S. personal income and spending both rose by just 0.1% in July, below Wall Street estimates. This weakness was likely a factor for retail stocks that missed EPS estimates or offered weak guidance.

We are ending August with 76.2% of all stocks overvalued, well above the 65% threshold that defines a ValuEngine valuation warning. This is a warning that the stock market has been propped up by the Federal Reserve's quantitative easing programs to levels not justified by the stock markets' fundamentals: 42.4% of all stocks are overvalued by 20% or more. The consumer discretionary sector is 24.3% overvalued with the consumer staples sector 16.8% overvalued and the retail-wholesale sector 23.4% overvalued.

Bebe Stores (BEBE) ($5.99) matched EPS estimates, reporting a loss of 14 cents a share after the close on Thursday and the stock slipped below its 50-day SMA at $5.76 this morning. The hold-rated stock has a semiannual value levels at $5.16 and $4.85 with a quarterly pivot is $5.97 and monthly risky level at $6.24.

Chico's FAS (CHS) ($15.88) missed EPS estimates by 5 cents earning 27 cents a share premarket on Wednesday. The buy-rated stock initially traded higher to a day's high at $16.80 but could not hold its 50-day SMA at $16.51. The stock returned to my annual, monthly and quarterly pivots at $16.25, $16.42 and $15.88 resulting in trading opportunities for buy-and-trade investors using the power of the pivots to provide share price magnets. My annual value level is $11.01 with semiannual risky level at $19.10.

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