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Foot Locker Runs Up, While Ross Stores Sink

NEW YORK (TheStreet) -- Today's post is the scorecard for the six retail-wholesale stocks that reported quarterly results in the afterhours Thursday and premarket Friday. Foot Locker (FL) kicked the ball out of the park premarket on Friday setting a new multi-year high. On the opposite side of the ledger shares of Ross Stores (ROSS) slumped after matching earnings expectatins and a cautious holiday spending outlook.

The stock market remains extremely overvalued. ValuEngine shows that 85.5% of all stocks are overvalued with 57.7% overvalued by 20% or more. All 16 sectors are overvalued with 13 overvalued by 22.6% to 36.6%. The retail-wholesale sector is 30.6% overvalued with an overweight rating. Of the 344 stocks 79.9% in this sector have buy or strong buy ratings.

The six stocks in today's earnings scorecard were profiled on Thursday in PetSmart, Ross Stores Report Afterhours Thursday and all had buy ratings according to ValuEngine and they still have buy ratings.

Among the six stocks in today's table, the biggest gainer since reporting earnings results is up by 5.3% while the biggest loser declined by 7.1%. All six are overvalued four by 6.5% to 31.8%. All have gains over the last 12 months with four up between 10.4% and 32.9%. All are above their 200-day SMAs which reflects the risk of a reversion to the mean.

Reading the Table

OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.

Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.

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