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

Tiffany (TIF) ($77.07) beat EPS estimates by 9 cents earning 83 cents a share premarket on Tuesday. The buy-rated stock set a new multi-year high at $83.33 at Tuesday's open and then changed direction to a week's low at $76.65 on Thursday, which is below its 50-day SMA at $78.12. My annual value level is $64.34 with monthly and semiannual risky levels at $83.93 and $86.69.

TiVO (TIVO) ($11.88) beat EPS estimates by 2 cents reporting a loss of 8 cents a share in afterhours trading on Tuesday. The hold-rated stock opened higher on Wednesday and traded as high as $11.92 for a failed test of its 200-day SMA at $11.88. The stock is above its 50-day SMA at $11.20 with my quarterly value level at $11.00 with an annual pivot at $11.49 and monthly risky level at $12.35.

Williams-Sonoma (WSM) ($56.86) beat EPS estimates by 2 cents earning 49 cents a share in premarket trading on Wednesday. The buy-rated stock set a new multi-year high at $61.56 then changed direction with a week's low at $55.76 on Thursday, below its 50-day SMA at $58.22. My quarterly value level is $50.79 with a semiannual pivot, now a risky level at $59.42.

Zale Corp. (ZLC) ($12.50) beat EPS estimates by 7 cents reporting a loss of 25 cents a share in premarket trading on Wednesday. The stock opened with a moon-shot that continued on Thursday to a new multi-year high at $12.88. As a result of this spike the stock was downgraded to hold from buy. I do not show a risky level at this time.

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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