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Nabors Industries Beat Priceline Post-Earnings, While Groupon Swoons

NEW YORK (TheStreet) -- This week's biggest post-earnings winner is Nabors Industries (NBR - Get Report), which surged 21.7% from its close last Friday on its better-than-expected earnings report. The oil and gas drilling and exploration company also benefited from analysts' upgrades.

Two Internet commerce companies reported their quarterly results after the closing bell on Thursday with two opposite post-earnings reactions. Priceline.com (PCLN - Get Report) handily beat analysts' earnings per share estimates and opened this morning with a gain of 4.2% from its Wednesday close. The stock also set an all-time intraday high at $1,333.12 this morning.

Meanwhile Groupon (GRPN) missed EPS estimates by 11 cents a share and opened down 10.6% this morning vs. its Wednesday close.

Garmin (GRMN) ($52.02 at today's open vs. $46.08 last Friday, up 12.9%) beat EPS estimates by 15 cents, reporting earnings of 76 cents a share premarket on Wednesday.

The stock set a multiyear intraday high at $52.72 on Wednesday, testing my monthly risky level at $52.58 where buy-and-trade investors could have booked a nice gain. The weekly chart is now positive with its five-week modified moving average at $47.13 and its 200-week simple moving average at $37.39. My semiannual value pivots are at $48.43 and $44.99 with my monthly pivot at $52.58 and annual risky level at $57.49.

Groupon ($8.96 at today's open vs. $10.02 on Wednesday) reported a loss of 12 cents a share after-hours on Thursday.

The stock gapped below its 200-day SMA at $9.72 this morning and could challenge its Dec. 2 intraday low at $8.40. The weekly chart provided a warning with a negative configuration with its five-week MMA at $10.32.

Hewlett-Packard (HPQ) ($30.62 at today's open vs. $29.45 on Wednesday, up 4%) beat EPS estimates by 5 cents a share, reporting earnings of 90 cents a share after-hours on Thursday.

The stock set a multiyear intraday high at $30.71 this morning, and then dipped below my weekly pivot at $30.13. The weekly chart remains positive but overbought with the five-week MMA at $28.84 and its 200-week SMA at $29.17.

Nabors ($22.01 at today's open) beat EPS estimates by 6 cents, reporting earnings of 26 cents a share after-hours Tuesday.

The stock set a multiyear intraday high at $22.77 on Thursday. The weekly chart favored an upside earnings reaction and remains positive with its five-week MMA at $18.16 and its 200-week SMA at $18.45. The stock now has a gain of 31.7% over the last 12 months. My annual pivot is $19.05 with a semiannual pivot at $21.33.

Priceline.com ($1,327.88 at today's open vs. $1,273.76 on Feb. 19) beat EPS estimates by 38 cents, reporting earnings of $8.04 a share after-hours Thursday.

The stock set an all-time intraday high at $1,333.12 this morning. The weekly chart favored the upside and remains positive but overbought with its five-week MMA at $1.212.44.

Tesla Motors (TSLA) ($211.64 vs. $203.70 on Tuesday up 3.9%) beat EPS estimates by 10 cents, reporting earnings of 14 cents a share after-hours Wednesday.

The stock traded significantly higher after-hours on Wednesday but opened with a lower-than-expected all-time high at $215.21, a test of my monthly risky level now a pivot at $214.35 where buy-and-trade investors could have booked some gains. The weekly chart favored an upside reaction and remains positive but overbought with its five-week MMA at $180.01.

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

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.

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 ValuEngine.com 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 RSuttmeier@Gmail.com

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