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American Express Surges While IBM Goes to the Earnings Woodshed

Mattel (MAT - Get Report) ($42.41) beat EPS estimates by 6 cents, earning $1.16 a share. The hold-rated toy maker popped above its 200-day SMA at $42.45 to an intraday high at $43.74 on Wednesday and then ended the day back below the 200-day SMA. My semiannual value level is $40.05, with a weekly pivot at $42.05 and semiannual risky level at $46.51.

Pepsico (PEP - Get Report) ($82.58) beat its EPS estimate by 7 cents, earning $1.24 as share. The buy-rated bottler of Pepsi soft drinks and maker of Frito Lay snacks popped to $82.62 on Thursday. My annual value level is $79.02, with a weekly pivot at $80.35 and semiannual risky level at $84.27.

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PNC Financial (PNC - Get Report) ($74.68) beat EPS estimates by 18 cents, earning $1.79 a share. This hold-rated regional bank opened above its 50-day SMA at $73.53 to a high of $74.77 on Thursday. My weekly value level is $71.60, with a monthly risky level at $79.21.

Sandisk (SNDK - Get Report) ($68.50) beat EPS estimates by 29 cents, earning $1.51 a share. The stock gapped higher on Thursday, trading up to a multiyear high at $68.55. The hold-rated semiconductor company has a quarterly value level at $61.27, with a monthly pivot at $62.73 and semiannual risky level at $72.05.

US Bancorp (USB - Get Report) ($37.68) matched EPS estimates earning 76 cents a share. The hold-rated regional bank held its 50-day SMA at $36.81 and then rebounded to a day's high at $37.79 on Thursday. The 200-day SMA is $35.13, with a monthly pivot at $37.79 and semiannual risky level at $40.03.

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Xilinx (XLNX - Get Report) ($45.39) missed EPS estimates by 3 cents earning 49 cents a share. The hold-rated semiconductor company gapped below its 50-day SMA at $45.92 on Thursday to a day's low at $44.10. My semiannual is $43.81, with a semiannual pivot at $45.52 and monthly and quarterly risky levels at $47.38 and at $48.75.

Yahoo! Inc (YHOO - Get Report) ($32.74) beat EPS estimates by a penny, earning 28 cents a share. The hold-rated tech stock opened higher on Wednesday but turned down on Thursday to a day's low at $32.31 versus Wednesday's high at $34.11. My quarterly value level is $30.84, with monthly and weekly risky levels at $34.27 and $34.95.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier is the chief market strategist at AlphaPlus Analytics in addition to He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at
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