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Cisco, Wal-Mart and Macy's Lead This Week's Earnings Parade

NEW YORK ( TheStreet) -- Today's buy-and-trade earnings previews focus on 10 companies in five sectors including Dow components Cisco Systems (CSCO - Get Report) who reports in afterhours trading on Wednesday and Wal-Mart (WMT - Get Report) who reports premarket on Thursday. Leading the parade is Macy's (M) who reports pre-market on Wednesday.

The 10 stocks include four stocks from the computer and technology sector, three from the retail-wholesale sector, and one each in these sectors; basic materials, construction and consumer staples.

The stock market has been experiencing snap back rallies, and crackles to the downside, but the Fed-induced bubble is not ready to pop. The yield on the 30-year Treasury bond ended last week at 3.853%, which caused the ValuEngine valuation warning to intensify to a new 2013 high with 83.8% of all stocks overvalued. The percent of stocks overvalued by 20% or more now stands at 53%. We now show that all 16 sectors are overvalued, 15 double-digit percentages, with nine overvalued by 21.3% to 28.3%.
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The computer and technology sector is 25.2% overvalued with an overweight rating. Of the 1148 stocks 53.4% in this sector have buy or strong buy ratings.

The basic materials sector is 5% overvalued with an underweight rating. Of the 395 stocks 65.6% in this sector have sell or strong sell ratings.

The construction sector is 16.3% overvalued with an underweight rating. Of the 158 stocks 61.4% in this sector have sell or strong sell ratings.

The consumer staples sector is 19.3% overvalued with an overweight rating. Of the 260 stocks 41.9% in this sector have buy or strong buy ratings.

The retail-wholesale sector is 22.8% overvalued with an overweight rating. Of the 345 stocks 80.9% in this sector have buy or strong buy ratings.
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Six of the 10 stocks in today's table have buy ratings and four have hold ratings. Three stocks are undervalued by 9.6% to 61.2%. Seven are overvalued by 9.0% to 45.3%. Three are down between 13.5% and 51.4% over the last 12 months, while seven have gains between 7.6% and 69.1%%. Three stocks are below their 200-day simple moving averages, and seven are above which reflects the risk of reversion to the mean.
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SYM TRADE IT LAST %CHG
CSCO $25.88 -1.10%
WMT $64.75 -2.00%
AAPL $112.11 -0.72%
FB $90.80 1.20%
GOOG $626.85 -1.70%

Markets

Chart of I:DJI
DOW 16,598.41 -56.36 -0.34%
S&P 500 1,984.01 -3.65 -0.18%
NASDAQ 4,802.4660 -10.2420 -0.21%

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