This Day On The Street
Continue to site
ADVERTISEMENT
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

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 - Get Report) continues to fly to new highs as Amazon.com (AMZN - Get Report) rockets into a higher orbit, but Caterpillar (CAT - Get Report) 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 - Get Report) ($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 - Get Report) ($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 - Get Report) ($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 - Get Report) ($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.

1 of 4

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
Submit an article to us!
SYM TRADE IT LAST %CHG
AMZN $421.43 -0.38%
BA $142.97 -0.73%
BC $50.37 -1.90%
BG $88.03 -1.40%
CAT $87.00 -0.34%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs