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TheStreet Open House

Investing Ahead of Earnings: Adobe, FedEx, KB Home and Oracle

Stocks in this article: ADBEFDXGISKBHMLHRORCLVRA

NEW YORK (TheStreet) -- Here, we preview seven companies reporting earnings Tuesday and Wednesday. We crunch the numbers, you decide when to invest.

Adobe Systems (ADBE) ($67.19, up 12.2% YTD): Analysts expect the software provider to report earnings of 12 cents a share after the closing bell on Tuesday. The stock set an all-time intraday high at $71.11 on Feb. 28 and begins this week between its 50-day simple moving average at $63.64 and its 21-day SMA at $68.21. The weekly chart is positive but overbought with its five-week modified moving average at $65.31 in a pattern that appears like a parabolic bubble ready to pop. Quarterly and annual value levels are $60.08 and $43.19 with monthly and weekly risky levels at $68.28 and $69.57.

FedEx (FDX) ($136.76, down 4.9% YTD): Analysts expect the package delivery company to report earnings of $1.53 a share before the opening bell on Wednesday. The stock began 2014 setting a new all-time intraday high at $144.39 on Jan. 2 then traded as low as $128.17 on Feb. 4 and begins this week just above its 50-day SMA at $135.98. The weekly chart is positive with the stock above its five-week MMA at $135.78 and a close this week below the five-week will pop a parabolic bubble. Quarterly and weekly value levels are $129.45 and $128.45 with a semiannual pivot at $133.40 and monthly risky level at $154.96.

General Mills (GIS) ($49.77, down 0.4% YTD): Analysts expect the packaged food company to report earnings of 64 cents a share before the opening bell on Wednesday. Last Friday General Mills issued an earnings warning and the prior EPS estimate was 68 cents. The stock set an all-time intraday high at $53.07 back on Aug. 1, 2013, then traded as low as $46.70 on Feb. 5 before trading up to a 2014 intraday high at $51.67 last Thursday. Friday's close was just above its 200-day SMA at $49.61. The weekly chart is positive with its five-week MMA at $49.63 and a close this week below this key level is a warning. There is a tight zone of levels from my proprietary analytics. A quarterly value level is $49.33 with a weekly pivot at $50.41 and monthly and annual risky levels at $51.04 and $52.91. Below there numbers is a semiannual value level at $32.19.

KB Home (KBH) ($17.51, down 4.2% YTD): Analysts expect the homebuilder to report earnings of 8 cents a share before the opening bell on Wednesday. The stock traded as high as $20.78 on Feb. 27 then declined to as low as $17.09 on Friday below its 200-day SMA at $18.03. The weekly chart is negative with its five-week MMA at $18.58 and the 200-week SMA at $13.41. Monthly and semiannual value levels are $16.97 and $13.60 with weekly and quarterly risky levels at $19.54 and $25.46.

Herman Miller (MLHR) ($28.85, down 2.3% YTD): Analysts expect the provider of office furniture to report earnings of 34 cents a share after the closing bell on Wednesday. The stock set a multiyear intraday high at $32.31 on Nov. 29 then traded as low as $26.25 on Feb. 4 before rebounding to Friday's close above its 200-day SMA at $28.60. The weekly chart is positive with its five-week MMA at $28.58. Weekly and annual value levels are $27.60 and $21.41 with a semiannual pivot at $29.64 and monthly and quarterly risky levels at $30.47 and $31.63.

Oracle (ORCL) ($37.60, down 1% YTD): Analysts expect the software company to report earnings of 67 cents a share after the closing bell on Tuesday. The stock set a multiyear intraday high at $39.85 on March 6 then closed Friday below its 50-day SMA at $37.90. The weekly chart is neutral with overbought stochastics but with the stock below its five-week MMA at $37.83 and its 200-week SMA at $31.02. A close this week below the five-week MMA is a warning for the stock and the tech sector. My annual value level is $35.77 with a semiannual pivot at $38.04 and quarterly and monthly risky levels at $40.21 and $40.30.

Vera Bradley (VRA) ($26.48, up 10.1% YTD): Analysts expect the retailer of accessories for women to report earnings of 46 cents a share before the opening bell on Wednesday. The stock traded to an intraday 52-week high at $28.60 on March 12 then slipped to its 21-day SMA at $26.55 on Friday. The weekly chart is positive but overbought with its five-week MMA at $25.64. My quarterly pivot is $29.84 with a monthly risky level at $30.15.

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