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Amazon Rockets, Boeing Flies Higher But Caterpillar Is Grounded

Old Dominion (ODFL) ($47.21) beat EPS estimates by a penny earning 70 cents a share Thursday. The sell rated trucker set its multi-year high pre-earnings at $48.67 on Tuesday. The stock traded down to $45.15 on Thursday. My semiannual value level is $40.38 with weekly and quarterly risky levels at $49.64 and $52.66.

Pulte Homes (PHM) ($18.04) beat EPS estimates by 11 cents earning 45 cents a share Thursday. The sell rated homebuilder traded up to $18.07 on Friday staying below its 200-day SMA at $18.98. Semiannual and annual value levels at $14.85 and $14.00 with a weekly pivot at $18.08 and a quarterly risky level at $25.32.

Raytheon (RTN) ($79.96) beat EPS estimates by 18 cents earning $1.51 a share Thursday. The hold rated defense subcontractor traded up to $80.23 on Friday. My annual value level is $69.36 with a weekly pivot at $79.94 and quarterly risky level at $81.69.

AT&T (T) ($35.19) beat EPS estimates by a penny earning 66 cents a share Wednesday. The buy rated telecom utility traded down to $34.23 on Thursday then rebounded to $35.24 on Friday, still shy of its 200-day SMA at $35.54. My semiannual value level is $32.14 with a weekly pivot at $34.83 and semiannual risky level at $38.14.

Under Armour (UA) ($80.18) beat EPS estimates by 2 cents earning 68 cents a share Thursday. The stock gapped lower to a test of its 50-day SMA at $77.82 before rebounding on Friday. The hold rated maker of sports-branded apparel has a semiannual value level at $66.00 with a quarterly pivot at $78.86 and weekly risky level at $87.07.

Wellpoint (WLP) ($84.10) beat EPS estimates by 27 cents earning $2.10 a share Wednesday. The buy rated health benefits provider broke below its 50-day SMA at $86.28 to a low at $83.13 on Thursday. My semiannual value level is $81.89 with semiannual and weekly pivots at $83.77 and $86.66 and monthly risky level at $90.30.

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.

Stock quotes in this article: AMZN, BA, BC, BG, CAT, CTXS, DECK, EAT, F, GD, IP, LSTR, MMM, MSFT, NOC, NSC, ODFL, PHM, RTN, T, UA, WLP 
Richard Suttmeier is the chief market strategist at AlphaPlus Analytics in addition to ValuEngine.com. 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 ValuEngine.com 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 RSuttmeier@Gmail.com

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