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6 Earnings Profiles: Amazon, Chipotle, Google, More

NEW YORK (TheStreet) -- The stock market has suffered to the downside so far this week, and traders seem to have ignored better-than-expected earnings results while focusing instead on forecasts.

Today's pre-earnings buy-and-trade profiles include six companies representing four sectors -- a group that includes one member of the 30-stock Dow Jones Industrial Average. My headline stocks are three I've covered as they surged to new all-time highs in 2013 and into 2014.

Amazon (AMZN) set its all-time intraday high at $408.06 on Jan. 22. Chipotle Mexican Grill (CMG) set its all-time intraday high at $550.28 on Nov. 18. Google (GOOG) set its all-time intraday high at $1167.89 on Jan. 22. All three report after hours today.

Two of the stocks profiled today are in the computer and technology sector, which is 30.2% overvalued with an overweight rating, as 51.6% of the 1,125 stocks in the sector have buy or strong buy ratings.

Two stocks are in the retail wholesale sector, which is 18.1% overvalued with an overweight rating, as 82.5% of the 342 stocks in the sector have buy or strong buy ratings.

Amazon ($384.20): Analysts expect the company to earn 71 cents a share after hours today, Jan. 30. The stock ended Wednesday, Jan. 29, below its 50-day simple moving average at $396.31 with its 200-day SMA at $318.90. The weekly chart shifts to negative with a weekly close below its five-week modified moving average at $387.76 with declining stochastics and its 200-week SMA at $224.36. Amazon has a hold rating and is 68.2% overvalued with a gain of 47.6% over the last 12 months. My semiannual and annual value levels are at $359.11, $351.24 and $334.95 with a quarterly pivot at $402.56.

Broadcom (BRCM) ($28.69): Analysts expect the company to earn 38 cents a share after hours today, Jan. 30. The stock traded to a 2014 high at $30.25 on Jan. 22, then declined to $28.30 on Jan. 29. It is between its 50-day SMA at $28.32 and its 200-day SMA at $29.81. The weekly chart shifts to negative on a weekly close below its five-week MMA at $28.59 with declining stochastics and its 200-week SMA at $34.35. Broadcom has a buy rating and is 7% undervalued with a loss of 14.9% over the last 12 months. My monthly value level is $22.06 with annual semiannual and quarterly risky levels at $32.13, $35.10 and $36.11.

Chipotle ($484.50): Analysts expect the company to earn $2.51 a share after hours today, Jan. 30. The stock traded to its 2014 high at $548.24 then declined to $480.87 on Jan. 29, with the 200-day SMA at $438.07. The weekly chart is negative with the stock below its five-week MMA at $512.02 with declining stochastics and its 200-week SMA at $315.90. Chipotle has a buy rating and is 10.2% overvalued, with a gain of 56.3% over the last 12 months. My quarterly value level is $461.71, with a semiannual pivot at $510.69 and semiannual risky level at $601.33.

Chevron (CVX) ($116.00): Analysts expect the company to earn $2.61 a share premarket on Friday, Jan. 31. Chevron represents the oils-energy sector, which is 10.8% overvalued with an equal-weight rating, as 62.1% of the 538 stocks in the sector have hold ratings. The stock declined from its Dec. 27 high at $125.65 down to $115.71 on Jan. 29, below its 50-day and 200-day SMAs at $121.64 and $121.58. The weekly chart stays negative, with a weekly close below its five-week MMA at $119.71 with declining stochastics and the 200-week SMA at $103.94. Chevron has a hold rating and is 16.3% overvalued with a loss of 1.0% over the last 12 months. The stock is below quarterly and annual risky levels at $126.02 and $126.80.

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