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

Forster Wheeler Surges to the Moon; Healthnet Heads to the Woodshed

NEW YORK ( TheStreet) -- Earnings volatility continued, following last Thursday's quarterly results from the 11 companies' pre-earnings that I profiled in my Disney and Priceline Headline Thursday's Earnings article on Nov. 6.

Construction company Foster Wheeler (FWLT), which services the oil and gas industry, was the biggest winner -- despite having a sell rating, according to ValuEngine.com. On the opposite side of the spectrum, healthcare provider Healthnet (HNT - Get Report) cracked the earnings woodshed after gapping below its 200-day SMA.

Despite the article, yo-yo reactions to quarterly results continued and the mouse-house in the headline initially reacted to the downside, but then snapped back. The buy rated ecommerce website traded below a grand a share in afterhours trading but this weakness does not show up on the stock's price charts and the stock traded to a new all-time high yesterday.

Here's Today's Earnings Scorecard:

Apache (APA - Get Report) ($89.79) beat EPS estimates by 15 cents earning $2.32 a share premarket on Thursday, Nov. 7. The hold rated oil and gas-exploration company stayed above its 50-day SMA at $87.98 and traded between $88.13 and $91.10. Apache is 45.7% overvalued after gaining 14.3% over the last 12 months. This week's pivot is $90.88 with a monthly risky level at $91.43.

Cablevision (CVC - Get Report) ($15.35) beat EPS estimates by 15 cents earning 26 cents a share premarket on Friday, Nov. 8. The strong sell rated cable TV operator traded up to $16.48 then down to $14.65 where it was upgraded to hold. Cablevision is 52.7% overvalued after gaining 6.2% over the last 12 months. This week's value level is $14.65 with a quarterly pivot at $15.03 and a monthly risky level at $18.48.

Disney (DIS - Get Report) ($68.34) beat EPS estimates by a penny earning 77 cents a share in afterhours trading on Thursday, Nov. 7. The hold rated entertainment giant and Dow component traded down to $66.72 then up to $69.41. Disney is 26.1% overvalued after gaining 44.0% over the last 12 months. My semiannual value level is $66.09 with a weekly pivot at $67.60 and monthly risky level at $72.75.

Foster Wheeler (FWLT) ($30.15) beat EPS estimates by 10 cents earning 52 cents a share premarket on Thursday, Nov. 7. The sell rated construction and engineering company that services the oil and gas industries gapped higher and traded to a new multi-year high at $30.68 on Friday, Nov. 8. Foster Wheeler is 29.4% overvalued after gaining 34.2% over the last 12 months. My semiannual value level is $25.86 with a quarterly pivot at $27.70 and weekly risky level at $30.78.
1 of 3

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
APA $42.79 8.25%
CVC $24.06 3.31%
DIS $102.17 2.96%
FWLT $27.52 -3.06%
HNT $65.11 0.34%

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs