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Cree, Rackspace, Two Others Set to Report

NEW YORK (TheStreet) –- The stocks of four companies that are scheduled to report their quarterly results during the next two days are profiled here as earnings season winds down.

First up after Monday’s closing bell is Rackspace (RAX - Get Report), a company that provides data-center hostiing services and that was a momentum stock until January 2013. The stock set a multiyear low at $26.18 on May 9, and is down 22% year to date.

Paint and coatings maker Valspar (VAL - Get Report) will report before the opening bell on Tuesday. It set an all-time high at $82 on July 18, and traded as low as $74.46 on Aug. 1.

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Two companies that will report after the closing bell on Tuesday are LED lighting company Cree (CREE), whose stock is down 21% year to date, and watchmaker Fossil (FOSL), which is down 13% year to date.

Before taking a detailed look at today’s stock profiles, let’s look at this week’s key levels for the major equity averages.

On Friday, I suggested that investors book profits when I presented the case for a “Black Hole” bear market. Overly simplified, the Nasdaq Composite Index needs to close above its five-week modified moving average at 4368 this week to avoid having a negative weekly chart profile.

Here are today’s stock profiles. Two “crunching the numbers” tables follow.

Cree ($49.40) has been below its 200-day simple moving average at $62.35 on Feb. 25, trading as low as $44.52 on May 15. The stock closed on Friday above its 50-day SMA at $48.76 and below its 200-day SMA, which is now at $55.12.

Analysts expect the company to report earnings per share at 31 cents. Cree has a 12-month trailing price to earnings ratio of 39.4 and does not pay a dividend.

The weekly chart is positive with its five-week modified moving average at $49.01 and its 200-week simple moving average at $44.22. Semiannual and annual value levels are $35.77 and $32.52, respectively, with a monthly pivot at $50.37 and weekly and annual risky levels at $51.22 and $55.64, respectively.

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