NEW YORK (
) -- At the beginning of each week I provide my buy-and-trade strategies, profiling what I believe are key companies that report quarterly results during that week.
Sometimes I do this in one post, and sometimes I have to split it into two posts. Then at the beginning of the following week I post a scorecard of how these stocks performed going into their earnings reports and reacted following the reports.
On Sept. 23, I profiled six stocks in "
KB Home, Lennar, AutoZone, CarMax Headline Earnings Preview
." Five beat expectations, and one missed. Then on Sept. 24, I profiled another six stocks in "
Nike Set to Report Earnings
." Three beat, one matched, and the other two rescheduled results to a later date.
We enter the fourth quarter with 76.8% of all stocks overvalued and 43.4% overvalued by 20% or more. Fifteen of 16 sectors are overvalued, 13 by double-digit percentages and 10 overvalued by more than 20%.
Here's Today's Earnings Scorecard:
(ACN - Get Report)
($73.64) beat EPS estimates by a penny, reporting earnings per share of $1.01 after the close on Thursday. After closing at $75.87 on Thursday, the stock had a negative reaction to the earnings report on Friday, trading to in intraday low of $72.36. On Monday, the stock closed below its 50-day and 200-day simple moving averages at $73.92 and $75.24, respectively. The stock retains a hold rating with weekly and semiannual value levels at $73.11 and $72.61, respectively, and a monthly risky level at $79.04. My semiannual value level at $72.61 held at the reaction low.
(AZO - Get Report)
($422.57) missed EPS estimates by 58 cents when it reported EPS of $9.76 before the market opened Wednesday. The stock opened lower Wednesday, traded down to $410, then rebounded to its 50-day SMA at $426.88. Autozone remains buy-rated, with a weekly value level of $393.47, a semiannual pivot of $425.00 and a quarterly risky level of $448.36. My semiannual pivot at $425.00 proved to be a magnet, which is a key to my buy-and-trade strategy.
Bed Bath & Beyond
($77.23) beat EPS estimates by a penny, reporting EPS of $1.16 after the bell on Wednesday. The stock closed that day at $74.22 and then gapped higher at the open on Thursday to $78.88, which is between my semiannual pivot at $76.93 and my semiannual risky level at $80.54. Bed Bath & Beyond maintains a buy rating with a new quarterly value level at $74.81, with semiannual pivots at $76.93 and $80.54 and a monthly risky level at $82.21.