NEW YORK (TheStreet) -- Today's buy-and-trade earnings previews focus on 10 companies that report quarterly results in afterhours trading on Thursday or premarket on Friday including buy rated pet products retailer PetsMart (PETM) and off-priced retailer chain Ross Stores (ROST) - Get Ross Stores, Inc. Report which reports in the afterhours on Thursday.
The 10 stocks include seven from the retail-wholesale sector and three from the computer and technology sector.
The computer and technology sector is 31% overvalued with an overweight rating. Of the 1146 stocks, 53.8% in this sector have buy or strong buy ratings.
The retail-wholesale sector is 28.0% overvalued with an overweight rating. Of the 345 stocks, 80.0% in this sector have buy or strong buy ratings.
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The seven retail-wholesale stocks in today's table have buy ratings and the three computer and technology stocks have hold ratings. All stocks are overvalued by 4.9% to 55.9%. One stock is down 19.3% over the last 12 months while nine have gains of 6.0% to 70.3% over the 12 months. All 10 are above their 200-day SMAs 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.
($42.34) set a multi-year high at $45.03 on Nov. 15. The hold rated architecture industry software designer has a monthly value level at $40.04 with a semiannual pivot at $42.61 and weekly and quarterly risky levels at $43.08 and $46.40.
($36.12) set a multi-year high at $37.03 on Sept. 26 then traded down to $32.72 on Oct. 23 and ended last week challenging the high. The buy rated upscale women's clothing retailer has a weekly value level at $34.28 with a monthly pivot at $37.93 and a quarterly risky level at $40.52.
($36.56) set a multi-year high at $37.85 on Aug. 5 then traded to a second half 2013 low at $31.91 on Sept. 3. With the stock near the high end of this range, the buy rated maker of athletic shoes has a monthly value level at $34.75 with a semiannual pivot at $36.94 and semiannual risky level at $39.29.
($41.24) set a second half low at $36.13 on Oct. 22 then popped back above its 200-day SMA at $39.56 on Nov. 8. The buy rated casual apparel retailer has a semiannual value level at $37.17 with a monthly risky level at $46.25.
($61.57) set a multi-year high at $64.00 on Nov. 19 after setting a second half 2013 low at $50.67 on Sept 3. The buy rated sporting goods store has a monthly value level at $59.90 with a semiannual pivot at $62.67 and semiannual risky level at $68.73.
($73.67) set a multi-year high at $73.94 on Nov. 18. The hold rated software company has a semiannual value level at $71.17 and a semiannual pivot at $74.07 and quarterly risky level at $74.73.
($13.30) set a multi-year high at $14.02 on Nov. 13. The hold rated high-speed broadband products designer has an annual value level at $12.38 with a monthly pivot at $13.12 with a semiannual risky level at $16.29.
($73.54) ended Wednesday on the cusp of its 50-day SMA at $73.53. The buy rated pet supplies provider has a monthly value level at $72.93 with a semiannual pivot at $74.51 and a semiannual risky level at $81.62.
($81.32) set a multi-year high at $81.99 on Nov. 18. The buy rated off-prices apparel and home accessories retailer has a monthly value level at $79.35 with a semiannual pivot at $79.86 and semiannual risky level at $82.91.
($48.96) has been trading back and forth around its 200-day SMA since May 29 and tested that level on Wednesday at $48.28. The buy rated food retailer has a monthly pivot at $49.75 with a weekly risky level at $53.11.
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