NEW YORK (TheStreet) -- Last Monday I profiled 11 companies pre-earnings in two separate posts. In my first post, Conagra, Darden Headline Earnings Profiles I covered five buy-rated retail-oriented stocks and a hold-rated package delivery stock in the transportation sector. One of these companies postponed its earnings report to this week, thus reducing today's post to 10 stocks.
In my second post last Monday I wrote, Apple Upgraded as Adobe, Oracle Prepare Earnings Reports and profiled three stocks in the computer and technology sector, one in the industrial products sector and one in the business services sector.
Overall, five companies beat their earnings estimates, two matched and three missed. Six stocks had buy ratings and four had hold ratings. Seven were trading above their 200-day simple moving averages and three were below, but one of those popped above its 200-day SMA after a positive reaction to earnings.
We are entering this week with 77.8% of all stocks overvalued with 45.2% overvalued by 20% or more. All 16 sectors are now overvalued, 13 by double-digit percentages and with 10 overvalued by more than 20%.Here's today's earnings scorecard: Adobe (ADBE) ($52.31) matched EPS estimates on Sept. 17 earning 21 cents a share. The company offered a positive outlook and the stock popped from the Sept. 17 close at $48.14 to a new multi-year high at $52.96 on Friday. The hold rated stock and moved above my semiannual and monthly levels at $48.73 and $49.65 making these levels pivots. The ValuEngine one-year price target was tested at $52.64. Conagra Foods (CAG) ($31.00) missed EPS estimates by 4 cents on Thursday earning 37 cents a share. The stock broke below its 200-day SMA at $33.85 on Sept. 9 anticipating a disappointing report. The stock traded as low as $30.27 on Thursday. The stock has a buy rating with my annual value level is $21.18 with a weekly pivot at $31.03 and quarterly risky level at $33.21. (CBRL) ($102.44) beat EPS estimates by 8 cents earning $1.43 on Wednesday. The stock traded to a multi-year high at $107.97 the day before this report and the stock slipped to $101.29 on Wednesday. The stock has a buy rating but is 40% overvalued. My semiannual value level is $95.53 with a weekly pivot at $104.67 and monthly risky level $109.64.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV