NEW YORK ( TheStreet) -- Eight of the nine stocks I profiled Monday in How to Trade the Big Stocks Reporting Earnings Tuesday reported better than expected quarterly results continuing the trend of seeing earnings winners far outrun losers.
On Tuesday, I wrote, Apple, McDonald's Headline Earnings Wednesday , and the winning streak continued before the open on Wednesday with two more winners. Then came Apple ( AAPL) after the close. Apple beat EPS estimates by 37 cents per share earning $13.81 per share. The initial after-hours reaction to Apple's beat was a spike to the upside. I am not sure of the high, but I saw $533 flash on the TV screen before Apple shares were sliced. Apple missed on the revenue line, iPhone sales were below estimates and guidance came in below expectations. I am not sure of the after hours low, but I saw a print below $450. Apple traded between $504.77 and $514.99 pre-earnings on Wednesday influenced by my annual pivot at $510.64, which now must be considered a risky level. My annual value level is $421.04 with a semiannual pivot at $470.21 and annual risky level at $510.64. Any investors concerned about Apple's performance thus had the opportunity to reduce long positions at $510.64. My scorecard for earnings premarket Tuesday through premarket Wednesday: Reporting premarket Tuesday DuPont ( DD) ($46.99) beat EPS estimates by two cents earning 11 cents per share. DD traded up to $47.95 on Tuesday then returned to my quarterly pivot at $47.55. The stock remains hold rated with my monthly value level at $41.24. Reporting premarket Tuesday Johnson & Johnson ( JNJ) ($73.23) beat EPS estimates by two cents earning $1.19 per share. JNJ cut forward guidance so that stock traded around its weekly pivot at $72.88 on Tuesday and Wednesday. JNJ still has a buy rating with monthly, quarterly and semiannual value levels at $71.86, $70.97 and $69.50 and my annual risky level at $76.79. Reporting premarket Tuesday Travelers ( TRV) ($76.31) beat EPS estimates by 60 cents earning 72 cents per share. TRV set a new multi-year high at $80.00 on Tuesday then as low as $77.15 on Wednesday. The stock still has a buy rating with my monthly value level at $70.65 with a weekly pivot at $76.10.
Reporting premarket Tuesday Verizon ( VZ) ($42.54) missed EPS estimates by 15 cents earning 38 cents per share. VZ rebounded as the company blamed Super Storm Sandy for the miss, but the rebound failed at its 50-day SMA at $43.37. The stock still has a hold rating with my annual value level at $40.76 with a weekly pivot at $43.33 and quarterly risky level at $45.88. Reporting aftermarket Tuesday Cree ( CREE) ($33.76) beat EPS estimates by three cents earning 23 cents per share citing surging demand for LEDs. CREE gapped higher on Wednesday to a new 52-week high at $41.20. The stock has a hold rating with a weekly pivot at $35.29 and annual risky level at $49.93. Reporting aftermarket Tuesday CSX ( CSX) ($20.91) beat EPS estimates by four cents earning 43 cents per share. CSX moved above its 200-day SMA at $21.43 to $21.82 despite warning about weak coal shipments. The stock still has a buy rating with my monthly value level at $19.73 with a weekly pivot at $20.76 and quarterly risky level at $22.31. Reporting aftermarket Tuesday Google ( GOOG) ($704.51) beat EPS estimates by 41 cents earning $9.02 per share. Google gapped above my monthly pivot at $734.06 to a day's high at $749.00. The stock had been upgraded to buy Tuesday morning and has outran is rating with a downgrade to hold. My quarterly value level is $660.40 with this week's risky level at $751.40. Reporting aftermarket Tuesday IBM ( IBM) ($194.47) beat EPS estimates by 14 cents earning $5.39 per share on stronger than expected software sales. IBM gapped above its 200-day simple moving average at $196.83 to a day's high at $208.58. The stock still has a buy rating with my weekly value level at $191.39 and a quarterly risky level at $228.38. Reporting aftermarket Tuesday Texas Instruments ( TXN) ($33.52) beat EPS estimates by 3 cents earning 36 cents per share. TXN offered a cautious outlook and the stock slipped to $32.80 on Wednesday. The stock still has a hold rating with my quarterly value level at $28.56 with an annual pivot at $32.99 and semiannual risky level at $41.27.
Reporting premarket Wednesday McDonald's ( MCD) ($92.26) beat EPS estimates by five cents earning $1.38 per share. MCD rebounded to $93.75 on Wednesday. The stock still has a buy rating with my monthly value level at $80.05 with a weekly pivot at $92.56 and semiannual risky level at $96.07. Reporting premarket Wednesday United Technologies ( UTX) ($86.95) beat EPS estimates by 27 cents earning $1.29 per share. UTX set a new 52-week high at $88.38 on Wednesday. The stock still has a buy rating with my quarterly value level at $80.70 with a weekly pivot at $87.72 and annual risky levels at $88.74 and $90.05. To review my scorecard for earlier earnings reports for the Q4 earnings season refer to my Wednesday post, Earnings Roll, and the Beats Go On . At the time of publication the author held no positions in any of the stocks mentioned.Follow @SuttmeierThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.