This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Trading Guidelines for Bellwether FedEx, Four Others That Are Reporting

Stocks in this article: BOBE FDX JBL LZB RHT

NEW YORK (TheStreet) -- Today I crunch the numbers on the stocks of five companies that are reporting earnings during the next two days, including FedEx (FDX - Get Report), one of the bellwethers of the U.S. economy.

One stock has a 13% year-to-date gain, one has a 24% year-to-date loss and the others have modest year-to-date losses, continuing the pattern of pre-earnings volatility for stock prices.

The stock-specific volatility makes it important for traders and investors to know the key moving averages, which are a measure of momentum, as well as the value levels at which to buy on weakness and the risky levels at which to sell on strength.

Here are the five profiles. Two "crunching the numbers" tables follow.

Bob Evans (BOBE) ($49.42), down 2.3% year to date. The stock is one of Jim Cramer's top picks. Analysts expect the company to report earnings per share of 42 cents after the closing bell on Tuesday.

The stock set an all-time intraday high at $60.22 on Sept. 24, and trended down to as low as $43.19 on April 17. The stock has been below its 200-day simple moving average at $51.00 since April 3.

The weekly chart is positive with its five-week modified moving average at $47.90 and with its 200-week SMA at $39.75. Annual and monthly value levels are $46.65 and $42.59, respectively, with a semiannual pivot at $49.24 and weekly and quarterly risky levels at $51.37 and $54.41, respectively.

FedEx ($139.45), down 3% year to date. Analysts expect the company to report EPS of $2.36 before the opening bell on Wednesday. Jim Cramer doesn't care for the stock much at current levels, but says the company's conference call can be valuable source for a read on the global economy.

The stock set an all-time intraday high at $144.98 on June 2, and is now between its 50-day and 21-day SMAs at $138.13 and $141.60, respectively, and above its 200-day SMA at $132.59.

The weekly chart shifts to negative given a close this week below its five-week MMA at $139.52. Semiannual and annual value levels are $119.27 and $97.95, respectively, with quarterly and weekly risky levels at $142.30 and $145.09, respectively.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs