NEW YORK ( TheStreet) -- The market reactions to earnings reports on Tuesday and Wednesday were quite diverse. We had a moon-shot for a toy maker Hasbro (HAS - Get Report) and a failed moon-shot for a Netflix (NFLX - Get Report), a seller of video content from the cloud. Five stocks were taken to the post-earnings woodshed, while two set new multi-year highs. Five moved sideways to down, while two moved sideways to up.
Last Friday I wrote McDonald's and Netflix Headline Monday's Earnings and covered five key earnings reports. The first headliner traded slightly lower, then stabilized. The second headliner opened with a moon-shot that failed to hold its orbit.
On Monday I wrote United Technologies and Harley-Davidson Headline Tuesday's Earnings and covered 11 key earnings reports. The first headliner moved sideways to down, while motorcycles roared higher but then did a wheelie.
Here's Today's Earnings ScorecardCree (CREE) ($61.11) missed EPS estimates by 2 cents earning 30 cents a share in afterhours trading on Tuesday. The stock closed at $74.32 that day and gapped significantly lower on Wednesday to below its 50-day simple moving average at $62.49 to a low of $59.02 vs. its 200-day SMA at $57.78. The hold rated semiconductor company tested its monthly risky level at $74.29 pre-earnings. My quarterly value level is $57.96 with semiannual pivots at $65.09 and $70.97. Du Pont (DD) ($61.38) beat EPS estimates by 4 cents earning 45 cents a share premarket on Tuesday. The hold rated diversified chemical company and Dow component traded up to $61.58 on Thursday setting a new multi-year high. Weakness pre-earnings held my weekly value level at $59.18 which indicated upside towards my monthly risky level at $61.73. My quarterly risky level is $62.98. (EMC) ($23.71) missed EPS estimates by 5 cents earning 32 cents premarket on Tuesday. The buy rated computer storage device company declined from its Monday close at $25.24 to a low of $23.29 on Wednesday gapping below its 200-day SMA at $24.65. My annual value levels are $22.54 and $22.17 with a monthly pivot at $24.45 and a quarterly risky level at $29.73. Hasbro ($50.57) beat EPS estimates by 4 cents earning $1.31 a share premarket on Monday. The hold rated game and toy maker gapped to as high as $51.68 then consolidated that gain as my weekly risky level became a pivot at $49.23. My quarterly value level is $47.30 with a monthly risky level at $52.96.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts