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

How to Trade Wednesday's Earnings Including Boeing, Procter & Gamble

NEW YORK (TheStreet) -- Boeing (BA - Get Report) and Procter & Gamble (PG - Get Report) headline a parade of large-cap companies reporting earnings before the bell Wednesday. Today we'll profile these companies' stocks, providing you with information on how to trade them.

When we profile stocks before earnings we include two "Crunching the Numbers" tables (see Pages 3 and 4). The first table covers technical analysis. The second table covers analysts' earnings per share estimates and where to buy on weakness and sell on strength.

Let's start with individual profiles and then look at the tables.

Boeing ($127.82, down 6.1% year to date): Analysts expect the airplane manufacturer and Dow Jones Industrial Average component to report EPS of $1.54 before the opening bell Wednesday. The stock tested its 200-day simple moving average at $123.08 last Monday through Wednesday.

The weekly chart is positive with a five-week modified moving average at $126.75. Semiannual and annual value levels are $123.73 and $102.41, respectively, with a quarterly pivot at $128.41 and a monthly risky level at $145.53.

Must Read: Load Up on Apple Stock as Android Killer Looms

Delta Air Lines (DAL) ($33.94, up 24% YTD): Analysts expect the airline to report EPS of 29 cents before the opening bell Wednesday. The airline reached an altitude never seen before at $36.52 on April 2 then hit an air pocket as low as $30.54 on April 15.

The weekly chart shifts to negative given a close this week below its five-week MMA at $33.28. A quarterly value level is $31.77 with weekly and monthly risky levels at $35.71 and $36.39, respectively.

Dow Chemical (DOW) ($48.75, up 9.8% YTD): Analysts expect the provider of chemicals, plastics and agricultural products to report earnings per share of 70 cents before the opening bell Wednesday. The stock set a multiyear intraday high at $50.96 on March 25 then traded as low as $46.56 on April 15.

The weekly chart shifts to negative on a close this week below its five-week MMA at $48.05. Semiannual and quarterly value levels are $40.69 and $40.20 with a semiannual pivot at $48.45 and weekly and monthly risky levels at $50.45 and $51.66.

Brinker International (EAT) ($50.64, up 9.3% YTD): Analysts expect the parent of eateries such as Chili's and Macaroni Grill to report EPS of 84 cents before the opening bell Wednesday. The stock set an all-time intraday high at $55.45 on Feb. 28 then traded as low as $49.91 on April 11.

The weekly chart is negative with its five-week MMA at $50.94. The chart pattern clearly shows a bubble that's ready to pop. Semiannual value levels are $47.64 and $38.55 with weekly and quarterly risky levels at $52.42 and $54.01, respectively.

1 of 4

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 $138.35 0.97%
PG $74.12 0.54%
AAPL $109.36 -1.30%
FB $92.37 -0.03%
GOOG $635.81 -1.00%


Chart of I:DJI
DOW 17,005.22 +92.93 0.55%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,785.7440 -5.4080 -0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs