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TheStreet Open House

Amazon Rockets, Boeing Flies Higher But Caterpillar Is Grounded

NEW YORK ( TheStreet) -- When you look at the earnings reports from Wednesday and Thursday, the headlines show that Boeing (BA) continues to fly to new highs as Amazon.com (AMZN) rockets into a higher orbit, but Caterpillar (CAT) remains grounded by reduced demand for heavy construction equipment.

On Oct. 22, I wrote, Boeing, Caterpillar and AT&T Headline Wednesday's Earnings and on Oct. 23 I wrote, Amazon, Ford and Microsoft Headline Thursday's Earnings. These posts covered 22 stocks; only five had buy ratings, nine had hold ratings and eight had sell ratings. Even with these cautious ratings 14 stocks traded higher after reporting results with nine of those setting new multi-year or all time highs. Two moved sideways and only six traded lower.

Here's Today's Earnings Scorecard:

Amazon.com (AMZN) ($363.39) matched EPS estimates losing 9 cents a share in afterhours trading last Thursday. The hold rated online retailer rocketed to a new all time high at $368.40 on Friday. Amazon recently announced it will build two new distribution centers in Tampa Bay, Fla., where I live. One will be for large items, the other for the smaller items. The company expects to create 1,000 new jobs. My semiannual value levels are $324.33 and $313.60 with a weekly pivot at $366.08.

Boeing (BA) ($131.19) beat EPS estimates by 26 cents earning $1.80 a share premarket last Wednesday. The sell rated maker of the Dreamliner and Dow component set a new all time high at $131.43 on Friday. Boeing has a quarterly value level at $115.10 with a monthly pivot at $126.05 and a weekly risky level at $134.49.

Brunswick (BC) ($45.57) beat EPS estimates by 6 cents earning 59 cents a share last Thursday. The hold rated owner of bowling centers and maker of pool tables rolled to a new multi-year high at $45.57 on Friday. My semiannual value level is $39.58 with a quarterly pivot at $44.57 and a weekly risky level at $47.14.

Bunge (BG) ($82.39) missed EPS estimates by 21 cents earning $2.05 a share last Thursday. The sell rated agriculture and food company traded like a bungee falling to $77.69 ore-earnings last Tuesday then to a new multi-year high at $82.67 on Friday. My semiannual value level is $75.15 with quarterly and weekly pivots at $80.50 and $82.28 and annual risky levels at $82.82 and $103.42.

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