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The two companies that represented drugs and booze were the performance winners, while the company that provides construction materials was the biggest loser.
We enter the week with 77% of all stocks overvalued with 40.8% overvalued by 20% or more. Fifteen of 16 sectors are overvalued, 13 by double-digit percentages and with seven overvalued by more than 20%.
Here's Today's Earnings Scorecard:
Monsanto(MON - Get Report) ($105.63) missed EPS estimates by four cents losing 47 cents a share premarket on Oct. 2. The stock slipped to $101.78 into Oct. 2 holding the 200-day simple moving average at $101.94. Monsanto still has a sell rating with a monthly pivot at $102.38 and weekly risky level at $107.33.
Monsanto stock rebounded from its 200-day SMA on the pending acquisition of the Climate Corp., a software company that analyzes agriculture data. Customized data mining of farming data will be combined with Monsanto's R&D efforts to help farmers increase output while reducing the resources necessary to so.
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Paychex(PAYX - Get Report) ($39.55) beat EPS estimates by a penny earning 44 cents a share in afterhours trading on Sept. 30. The stock moved sideways to down to a low for the week at $39.35 on Oct. 4, below the 50-day SMA at $39.86. Paychex maintains a hold rating with a weekly value level at $38.99 and monthly risky level at $42.40.
The payroll processing firm made some comments on the impact on the partial shutdown of the U.S. government including their estimation that 1 million U.S. federal workers could be furloughed. In addition they said that small businesses and individuals planning international travel would not be able to obtain a passport or visas.
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Constellation Brands(STZ - Get Report) ($61.97) beat EPS estimates by 7 cents earning 96 cents a share before the open on Oct. 3. The stock opened higher and set a new multi-year high at $62.15 on Oct. 4 testing my September monthly risky level at $62.23. Constellation Brands maintains a hold rating with weekly and quarterly value levels at $60.98 and $60.58 and a new monthly risky level at $71.53.