This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Key Earnings This Week: Aluminum, Discount Retailers and Restaurants

Stocks in this article: AA COST FAST FDO RT YUM

NEW YORK ( TheStreet) -- Third-quarter earnings season becomes a major focus this week, and on Tuesday and Wednesday six important companies report results.

One is Alcoa (AA), a former Dow Jones Industrial Average component that traditionally kicked off earnings season.

But the five other companies I'm highlighting, in the retail-wholesale sector, are more important to watch this earnings season, because they will provide important information about consumer spending. Consumer confidence has slumped recently.

The basic materials sector is 5.1% undervalued and has an underweight rating with 64.9% of the 401 stocks in this sector rated sell or strong sell.

The retail-wholesale sector is 23.4% overvalued but has an overweight rating with 79.4% of the 354 stocks in the sector rated buy or strong buy.

Last week was a strange one for the major equity indices. The Dow Jones Industrial Average lost 185 points while the Nasdaq tacked on 26 points. The S&P 500 was down fractionally while the Dow transports and Russell 2000 were up fractionally. This week's value levels are 14,809 for the Dow Jones industrials, 1658.8 for the S&P 500, 3763 for the Nasdaq, 6522 for the Dow transports and 1053.22 for the Russell 2000.

The Nasdaq ended last week above my semiannual pivot at 3759 with the semiannual risky levels at 16,490 for the Dow industrials, 1743.5 for the S&P 500, 7104 for the Dow transports and 1089.42 for the Russell 2000. The Nasdaq set a new multiyear high at 3817.98 on Oct. 1 with the Russell 2000 setting a new all-time high at 1087.78. The all-time highs are 15,709.59 for the Dow industrials (set on Sept. 18), 1729.86 for the S&P 500 (set on Sept. 19) and 6754.81 for the Dow transports (set on Sept. 20).

New monthly and semiannual risky levels are 15,932 and 16,775, respectively, for the Dow industrials, 1746.4 and 1853.8 for the S&P 500, 3830 and 4024 for the Nasdaq, 6811 and 7205 for the Dow transports and 1092.46 and 1163.21 for the Russell 2000.

My annual value levels remain at 12,696 for the Dow industrials, 1348.3 for the S&P 500, 2806 for the Nasdaq, 5469 for the Dow Transports, and 809.54 for the Russell 2000.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs