NEW YORK ( TheStreet) -- Six more companies of interest report quarterly results this week, including five on Thursday and one pre-market on Friday. Each company is in a different sector, and one is Nike, one of the three new Dow components. Two of the six have buy ratings, three have hold ratings and one has a sell rating.
All of the six sectors represented by these stocks are overvalued -- business services by 22.2%, computer and technology by 26.5%, consumer discretionary by 23.4%, consumer staples 17.2%, finance by 18.5% and retail-wholesale by 25.4%.
The business-services, consumer-discretionary and finance sectors have equal-weight ratings, while the computer and technology, consumer-staples and retail-wholesale sectors have overweight ratings.
Five of six stocks previewed in this post are overvalued by 20% or more. One is down 2.1% over the last 12 months, while three have gained between 32.1% and 172.6% over the last 12 months. Five of the six are trading above their 200-day simple moving averages, which reflects the risk of reversion to the mean.
Reading the Table
OV / UN Valued - The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
VE Rating - A "1-Engine" rating is a Strong Sell, a "2-Engine" rating is a Sell, a "3-Engine" rating is a Hold, a "4-Engine" rating is a Buy and a "5-Engine" rating is a Strong Buy.
Last 12-Month Return (%) - Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage.
Forecast 1-Year Return - Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months.
Value Level: is the price at which to enter a GTC Limit Order to buy on weakness. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.
Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.
Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.