NEW YORK ( TheStreet) -- Last week I profiled nine companies pre-earnings in Tiffany, Hewlett-Packard Headline Tuesday's Earnings Reports. Buy rated Tiffany (TIF) offered sparkling earnings and was the biggest post-earnings winner ending last week up 9.9% from its Nov. 22 close to its Black Friday close. Country store and eatery Cracker Barrel (CBRL) beat EPS estimates, but cracked lower by 7.2% on decelerating same store sales.
Among the nine stocks were seven consumer-oriented stocks five of which have buy ratings according to www.ValuEngine.com. These five gained between 4.4% and 9.9% from their Nov. 22 closes to their Friday close. The buy rated names are in the retail-wholesale sector which is 31.6% overvalued but boasts an overweight rating as 78.7% of the 343 stocks in the sector are buy rated.
We enter the last month of 2013 with an intense ValuEngine valuation warning as 86.3% of all stocks overvalued including 59.3% overvalued by 20% or more. All 16 sectors are overvalued 15 by double-digit percentages. There are 13 sectors overvalued by more than 24% or which nine are overvalued by 30.7% to 36.9%.
In this environment all five of the major averages set new all-time or multi-year intra-day highs on Friday; 16,174.51 Dow Industrials, 1813.55 S&P 500, 4069.70 Nasdaq, 7273.81 Dow transports and 1147.00 Russell 2000. All five have positive but extremely overbought weekly chart profiles with 12x3x3 weekly slow stochastic readings well above the 80.00 threshold with readings between 90.61 and 95.43.
Reading the TableOV/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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV