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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 On the opposite side of the spectrum, healthcare provider Healthnet (HNT) 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) ($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) ($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) ($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.

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