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TheStreet Open House

Alcoa, Family Dollar, Micron Signal Earnings Season

Stocks in this article: AA BBBY FDO MON MU RT SONC STZ TXI

NEW YORK (TheStreet) -- Investors returning from holiday again focus on corporate earnings. Here, we preview nine buy-and-trade profiles including Family Dollar (FDO - Get Report), Alcoa (AA - Get Report), Micron (MU), Constellation Brands (STZ) and Texas Industries (TXI).   

The basic materials sector is 4.2% overvalued with an underweight rating. Of the 390 stocks 63.8% in this sector have sell or strong sell ratings.

The computer and technology sector is 35.2% overvalued with an overweight rating. Of the 1128 stocks 53.9% in this sector have buy or strong buy ratings.

The construction sector is 21.9% overvalued with an underweight rating. Of the 156 stocks 64.1% in this sector have sell or strong sell ratings.

The consumer staples sector is 26.7% overvalued with an overweight rating. Of the 253 stocks 55.7% in this sector buy or strong buy ratings.

The retail-wholesale sector is 27% overvalued with an overweight rating. Of the 343 stocks 81.3% in this sector have buy or strong buy ratings.

Alcoa ($10.57) will report quarterly results afterhours on Jan. 9 and analysts expect the aluminum producer to report earnings of 6 cents per share. After being booted from the Dow Industrial Average, Alcoa traded to a multi-year intra-day high at $10.77 on Dec. 30. The stock has a sell rating is 26.8% overvalued with a gain of 16.5% over the last 12 months. The weekly chart profile is positive but overbought with the five-week modified moving average at $9.77 and its 200-week simple moving average at $10.97. My quarterly and monthly value levels are $9.58 and $9.33 with a semiannual risky level at $12.33.

Bed Bath and Beyond (BBBY) ($80.48) will report quarterly results afterhours on Jan. 8 and analysts expect the company to report earnings of $1.15 a share. The stock traded to an all-time intra-day high at $80.82 on Jan. 3. The retailer of home products has a buy rating is 17.2% overvalued with a gain of 42.1% over the last 12 months. The weekly chart profile is positive with the five-week MMA at $78.12 and its 200-week simple moving average at $58.62. My weekly and annual value levels are $78.67 and $64.99 with a quarterly pivot at $79.77 and semiannual risky levels at $82.61 and $84.02.

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