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TheStreet Open House

Thursday's Premarket Earnings: Toro and Wal-Mart

Stocks in this article: DTV FDML HRL TTC WMT

NEW YORK (TheStreet) -- With record-breaking snowstorms this winter, Toro Co.  (TTC - Get Report) should be seeing record demand for snow-removal equipment. Toro shares have been setting new all-time highs recently, with the latest intraday high set at $67.04 on Tuesday.

One thing to consider when analyzing this earnings report is the potential reduced demand for lawn maintenance equipment as spring will likely be late this year. The rally for Toro began from a test of its 200-week simple moving average at $22.55 back in October 2011.

Dow component and the world's largest retailer, Wal-Mart (WMT - Get Report), is another headline earnings report premarket Thursday. This stock has been below its 200-day SMA at $76.38 since Jan. 17.

In total, five companies report before the market opens Thursday:

DirecTV (DTV) ($73.06): Analysts expect the digital multichannel television service provider to report $1.28 a share. The stock set an all-time high at $73.44 on Jan. 22, and then traded as low as $67.80 on Jan. 31, holding its 50-day simple moving average at $69.20 with its 200-day SMA at $63.91. The weekly chart is positive with its five-week modified moving average at $70.28 and its 200-week SMA at $49.93. The stock has a gain of 48.5% over the last 12 months. My monthly value level is $67.57 with semiannual and quarterly pivots at $70.24, $70.95 and $72.10 and a weekly risky level at $74.48.

Federal-Mogul (FDML) ($17.12): Analysts expect the provider of power-train technologies to the automotive industry to report earnings of 21 cents a share. The stock set a multiyear, intraday high at $23.62 on Jan. 8, and then traded as low as $15.17 on Feb. 5 before moving back above its 200-day SMA at $15.75. The weekly chart is negative with its five-week MMA at $18.06 and its 200-week SMA at $15.55, which has held on weakness since August. The stock has a gain of 78.5% over the last 12 months. My semiannual value level is $13.78 with semiannual and monthly risky levels at $21.10 and $24.54.

Hormel Foods (HRL) ($45.15): Analysts expect the provider of hams, bacon and other meat products to report earnings of 57 cents a share. The stock set an all-time intraday high at $46.75 on Jan. 15, and then declined to $42.81 on Feb. 5, staying above its 200-day SMA at $42.74. The weekly chart is neutral with its five-week MMA at $44.92 and its 200-week SMA at $31.37. The stock has a gain of 25.1% over the last 12 months. My semiannual value levels are $39.83 and $37.41 with annual and quarterly pivots at $43.53, $44.98 and $44.65 and a monthly risky level at $46.63.

Toro ($66.89): Analysts expect the provider of landscaping and snow-removal equipment to report earnings of 38 cents a share. The stock set an all-time high at $67.04 on Tuesday, well above its 200-day SMA at $54.63. The weekly chart is positive but overbought in a parabolic formation with its five-week MMA at $63.88 and its 200-week SMA at $37.96. The stock has a gain of 46.1% over the last 12 months. Quarterly and semiannual value levels are $64.93, $61.20 and $57.42 with a monthly pivot at $66.30.

Wal-Mart ($75.33): Analysts expect the world's largest retailer to report earnings of $1.60 a share. The stock set an all-time intraday high at $81.37 on Dec. 4, and then declined to a 2014 low at $72.27 on Feb. 5, and has been below its 200-day SMA at $76.38 since Jan. 17. The weekly chart is neutral with its five-week MMA at $75.33 and its 200-week SMA at $63.67. The stock has a gain of 8.7% over the last 12 months. My annual value level is $73.76 with semiannual pivots at $75.89 and $76.49 and monthly and quarterly risky levels at $77.42 and $85.49.

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

Follow @Suttmeier

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 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.

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