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CSX, GE, Goldman and Intel Earnings Preview

Also on Friday earnings from Schlumberger (SLB) will provide a read on the strength of the global market for oil and gas exploration and production. The oils-energy sector is 14.6% overvalued with an equal-weight rating, as 57.6% of the 540 companies in the sector have hold ratings. Only 1.3% have buy ratings and 29.6% have sell ratings.

American Express (AXP) ($88.55) reports results Thursday and analysts expect earnings of $1.26 per share. Amex traded to an all-time intra-day high at $91.08 on Jan. 2 and is well above its 200-day simple moving average at $76.59. The stock has a hold rating is 32.3% overvalued with a gain of 45.7% over the last 12 months. The weekly chart profile is positive but overbought with the five-week modified moving average at $86.34 and its 200-week SMA at $55.66 in a parabolic pattern. My semiannual value level is $82.46 with a semiannual pivot at $88.58 and monthly and quarterly risky levels at $91.75 and $92.74.

CSX ($28.88) will report results after-hours Wednesday and analysts expect earnings of 42 cents a share. The stock traded to a new all-time intra-day high at $28.94 on Friday. The railroader has a hold rating is 23.2% overvalued with a gain of 40.6% over the last 12 months and is above its 200-day SMA at $25.65. The weekly chart profile is positive but overbought with the five-week MMA at $27.88 and its 200-week SMA at $22.32. My monthly and quarterly value levels are $27.51 and $26.82 with weekly and semiannual risky levels at $29.11, $30.46 and $32.07.

General Electric ($26.96) will report results premarket Friday and analysts expect earnings of 53 cents a share. The stock traded to a multi-year intra-day high at $28.09 on Dec. 31. GE was recently downgraded to hold from buy is 17.9% overvalued with a gain of 27.4% over the last 12 months and is above its 200-day SMA at $24.53. The weekly chart profile turns negative given a close this week below its five-week MMA at $26.97 if its 12x3x3 weekly slow stochastic reading declines from 86.29 to below 80.00. The stock is below semiannual pivots at $27.76 and $27.22 with monthly and quarterly risky levels at $28.10 and $28.95.

Goldman Sachs (GS) ($178.39) will report results premarket on Thursday and analysts expect earnings of $4.13 a share. The new Dow component traded to a multi-year intra-day high at $181.13 on Jan.6. The investment banking firm has a hold rating is 28.6% overvalued with a gain of 29.9% over the last 12 months and is above its 200-day SMA at $160.07. The weekly chart profile is positive but overbought with the five-week MMA at $172.50 and its 200-week SMA at $137.50. My semiannual value levels are $128.94 and $109.41 with monthly, annual and quarterly risky levels at $181.05, $185.25 and $192.37.

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SYM TRADE IT LAST %CHG
CSX $34.31 0.00%
INTC $33.25 0.00%
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