McCormick (MKC) ($64.70) matched EPS estimates, reporting earnings of 78 cents a share before the market opened Thursday. The stock gapped lower and traded to a week's low of $64.04 on Friday. McCormick stayed below its 200-day SMA at $69.33 before the earnings, but it still has a buy rating. My annual value levels are $53.12 and $50.15, with a weekly pivot at $64.20 and semiannual risky levels at $67.62 and $75.36.
Nike (NKE - Get Report) ($72.64) beat EPS estimates by 8 cents, reporting earnings of 86 cents a share after the market closed Thursday. The new Dow component closed at $70.34 on Thursday and gapped to a new multiyear high at $75.25 on Friday. Nike maintains its hold rating with a weekly value level at $68.48, a quarterly pivot at $71.62 and a monthly risky level at $73.38.
At the time of publication, Suttmeier had no positions in stocks mentioned.
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