This Day On The Street
Continue to site
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

Drugs and Booze Beat Construction Materials

NEW YORK ( TheStreet) - Last week I wrote, Hotels, Booze and Drugs Headline This Week's Earnings and this morning I provide a scorecard for the five companies that reported results.

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.
[Read: <a target="blank" data-add-tracking="true" href=""><em>Apple's Evil Plan for World Domination</em></a>]

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.
[Read: <a target="blank" data-add-tracking="true" href=""><em>E-Book Economic Take-Over: Alice in Kindleland</em></a>]

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.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TXI $92.10 -0.28%
WAG $81.65 2.05%
MON $95.65 0.00%
PAYX $52.60 0.00%
STZ $157.77 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs