This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BRICS Smash Bubbles in Boeing, 3M and These Dow Stocks

Nike (NKE) ($71.51) has declined 10.9% since setting an all-time intraday high at $80.26 on Dec. 9. The company makes high quality athletic footwear and apparel worldwide. The stock traded as low as $69.85 on Feb. 5, staying above its 200-day SMA at $69.46. The weekly chart is negative, with its five-week MMA at $74.29 and its 200-week SMA at $50.83. Nike has a hold rating and is 19.2% overvalued, with a gain of 32% over the last 12 months. My quarterly value level is $58.15, with monthly and semiannual risky levels at $80.85 and $89.41.

United Technologies (UTX) ($109.45) has declined 7.4% since setting an all-time intraday high at $118.20 on Jan. 22. This multi-sector conglomerate provides building systems such as elevators and air conditioning used around the world as emerging market economies surged. The stock traded as low as $107.00 on Feb. 5, staying above its 200-day SMA at $104.15. The weekly chart is negative, with its five-week MMA at $111.63 and its 200-week SMA at $84.08. United Technologies has a hold rating and is 11.9% overvalued with a gain of 22.5% over the last 12 months. Semiannual and annual value levels are $104.66, $104.87 and $97.11, with a quarterly pivot at $113.70 and monthly risky level at $119.63.

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

Must Read: Dean Foods vs B&G Foods: Next Week's Showdown

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff

Richard Suttmeier is the chief market strategist at 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 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
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $108.63 0.00%
MMM $153.96 0.00%
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs