NEW YORK (TheStreet) -- Today's buy-and-trade earnings previews cover 13 companies; three from the consumer discretionary sector, two from the basic materials sector and two from the transportation sector. There is one stock each in the aerospace, auto-tires-trucks, computer and technology, construction, the multi-sector conglomerates and the retail-wholesale sectors.
The ValuEngine valuation warning remains in place with 78.5% of all stocks being overvalued, 46.7% by 20% or more. 15 of 16 sectors are overvalued by double-digit percentages, 11 by 21.1% to 27.8%.
The aerospace sector is 22.7% overvalued with an underweight rating. Of the 74 stocks in this sector 67.6% have sell or strong sell ratings.
The auto-tires-trucks sector is 27% overvalued with an underweight rating. Of the 97 stocks in this sector 40.2% have sell or strong sell ratings.
The basic materials sector is 3.5% undervalued with an underweight rating. Of the 401 stocks in this sector 57.4% have sell or strong sell ratings.
The computer and technology sector is 25.9% overvalued with an overweight rating. Of the 1155 stocks in this sector 47.4% have buy or strong buy ratings.
The construction sector is 17% overvalued with an underweight rating. Of the 159 stocks in this sector 53.5% have sell or strong sell ratings.
The consumer discretionary sector is 25.2% overvalued with an equal-weight rating. Of the 401 stocks in this sector 82.5% have hold ratings.
The multi-sector conglomerates sector is 21.5% overvalued with an overweight rating. Of the 51 stocks in this sector 64.7% have buy or strong buy ratings.
The retail-wholesale sector is 27.8% overvalued with an overweight rating. Of the 349 stocks in this sector 81.7% have buy or strong buy ratings.
The transportation sector is 26.3% overvalued with an 'avoid-source of funds rating. Of the 176 stocks in this sector 75.6% have sell or strong cell ratings.
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Only one of the 13 stocks in today's table has a buy rating. Six have hold ratings and six have sell ratings. One is undervalued by 30.9%, while 12 are overvalued by 14.1% to 76.6%. One is down 7.1% over the last 12 months, while 12 have gains between 15.4% and 102.7%. Only two stocks are below their 200-day simple moving averages with 10 above which reflects the risk of reversion to the mean.
Reading the Table
Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.
Last 12-Month Return (%):
Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.
Forecast 1-Year Return:
Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.
Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.
A level between a value level and risky level that should be a magnet during the time frame noted.
Price at which to enter a GTC limit order to sell on strength.
($332.54) set another multi-year high at $337.11 on Tuesday. The hold rated online retailer has a semiannual value level at $313.60 with a semiannual pivot at $324.33 and weekly pivot at $331.08.
($44.40) set another multi-year high at $45.03 on Tuesday. The hold rated owner of bowling centers and maker of pool tables and boats has a semiannual value level at $39.58 with a quarterly pivot at $44.57.
($80.63) set another multi-year high at $82.04 on Monday. The sell rated agriculture and food company has a semiannual value level at $75.15 with a quarterly pivot at $80.50 and annual risky level at $82.82.
($59.54) set a multi-year high at $68.84 on Oct. 3 then traded as low as $57.13 on Monday with the stock between its 200-day SMA at $53.28 and its 50-day SMA at $60.90. The hold rated maker of outdoor footwear and apparel has a weekly risky level at $63.49.
($17.60) set a multi-year high at $17.77 on Sept. 19, which is being challenged with a high of $17.68 on Tuesday. The sell rated automobile icon has a quarterly value level at $16.55 with a monthly pivot at $17.59 and weekly risky level at $17.83.
($44.54) has been below its 200-day SMA at $45.71 since Sept. 30. The sell rated paper and forestry products company has a weekly pivot at $45.70 and semiannual risky level at $46.92. The Oct. 9 low is $42.92.
($57.45) was attempting to set a new multi-year high above the Jan. 28 high at $59.97 but failed to do so setting up a potential key reversal. The sell rated trucker has a monthly value level at $52.51 with a semiannual pivot at $57.42 and an annual risky level at $64.85.
($123.80) set another multi-year high at $124.32 on Tuesday. The buy rated maker of scotch tape and post-it notes and other office products is a
component that has a semiannual value level at $115.00, a semiannual pivot at $123.39 and quarterly risky level at $128.27.
($34.58) set its multi-year high at $36.43 on July 16 then traded as low as $30.84 on Aug. 15. The hold rated maker of Windows software products and Dow component has a semiannual value level at $33.95 with a semiannual pivot at $35.89 and monthly risky level at $37.16.
($47.90) set another multi-year high at $48.67 on Tuesday. The sell rated trucker has a monthly value level at $46.37 with a weekly pivot at $47.15 and quarterly risky level at $52.66.
($16.53) is just above its 50-day SMA at $16.23. The sell rated homebuilder has a monthly value level at $16.15 with a weekly pivot at $16.50 and the 200-day SMA at $19.01.
($76.21) set its multi-year high at $81.26 on Sept. 19 then traded as low as $73.81 on Oct. 9. The hold rated defense subcontractor is below its 50-day SMA at $76.82 with an annual value level at $69.36, a weekly pivot at $76.00 and quarterly risky level at $81.69.
($83.23) set another multi-year high at $86.02 on Monday. The hold rated maker of sports-branded apparel has a quarterly value level at $78.86 with a weekly risky level at $86.01.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier is the chief market strategist at AlphaPlus Analytics in addition to 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