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TheStreet Open House

Oracle Rises to the Cloud, While Jabil Goes to the Woodshed

Oracle ($36.37 vs. $33.54 on Dec. 16 up 8.4%) beat EPS estimates by 2 cents earning 66 cents a share in the afterhours on Wednesday. The stock popped to a new multi-year intra-day high at $36.96 on Thursday after testing its 200-day SMA at $33.26 on Dec. 13. The software giant has a hold rating is 8.8% overvalued and has gained 7.2% over the last 12 months. My annual value level is $30.81 with quarterly, monthly and annual pivots at $33.19, $34.05 and $34.68 and semiannual risky levels at $36.42 and $38.05.

Verifone (PAY) ($24.14 vs. $24.98 on Dec. 16 down 3.3%) missed EPS estimates by 5 cents earning 13 cents a share in the afterhours on Tuesday. The stock slumped to $22.60 on Wednesday then ended the week above its 50-day SMA at $23.92 with the 200-day SMA at $21.27. The provider of electronic payment solutions has a buy rating is 4.8% undervalued with a loss of 17.9% over the last 12 months. My monthly and quarterly pivots are $23.15 and $23.02 with a weekly risky level at $26.27.

Paychex (PAYX) ($45.15 vs. $43.17 on Dec. 16 up 4.6%) beat EPS estimates by a penny earning 43 cents a share in the afterhours on Wednesday. The stock popped to a new multi-year intra-day high at $45.69 on Thursday. The payroll processing company has a hold rating is 33.3% overvalued with a gain of 39.4% over the last 12 months. My semiannual value levels are $37.88 and $34.29 with quarterly and monthly pivots at $42.46 and $44.64.

Rite Aid($4.99 vs. $5.68 on Tuesday slumping 12.1%) matched EPS estimates earning 4 cents a share premarket on Thursday. The stock broke below its 50-day SMA at $5.39 and traded as low as $4.73 on Friday with the 200-day SMA at $3.60.The buy rated drug store chain is 42.1% overvalued with a gain of 312.4% over the last 12 months. My quarterly value level is $3.73 with weekly and monthly risky levels at $5.63 and $6.29.

Tibco Software (TIBX)($22.01 vs. $23.96 on Tuesday down 8.1%) beat EPS estimates by 3 cents earning 35 cents a share in the afterhours on Thursday. The stock closed Thursday just below its 50-day SMA at $24.45 with a high of $24.90 that day. On Dec. 20 the low trade was $20.84. The buy rated provider of software solutions is 7.9% undervalued with a gain of 6.1% over the last 12 months. My annual value level is $19.62 with a weekly pivot at $21.94 and monthly risky level at $26.04.

Walgreen (WAG) ($59.04 vs. $56.25 on Tuesday up 5%) matched EPS estimates earning 72 cents a share premarket on Friday. The stock dipped to $54.86 then popped to $59.15 above its 50-day SMA at $58.64 and well above its 200-day SMA at $51.68. The buy rated drug store chain is 18.2% overvalued with a gain of 57.2% over the last 12 months. My quarterly value level is $49.12 with monthly and weekly pivots at $57.04 and $59.03.

Winnebago($26.49 vs. $31.64 on Tuesday slumping 16.3%) beat EPS estimates by a penny earning 40 cents a share premarket on Thursday. The stock broke below its 50-day SMA at $29.70 to a low of $26.13 on Friday above its 200-day SMA at $23.83. The hold rated builder of motor homes is 1.6% overvalued with a gain of 62.2% over the last 12 months. My semiannual value level is $20.06 with a quarterly pivot at $26.56 and weekly and monthly risky levels at $28.73 and $29.09.

At the time of publication the author held no positions in any of the stocks mentioned.

Follow @Suttmeier

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier is the chief market strategist at ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at RSuttmeier@Gmail.com
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