Oracle Headlines Earnings this Week

NEW YORK ( TheStreet) -- Today, I am profiling six companies that report quarterly results either after the close today, pre-market, or after the close on Thursday or pre-market on Friday. Three are in the computer & technology sector, one is a sell-rated home builder in the construction sector, and two are in the retail-wholesale sector.

Last week we received two conflicting consumer related economic releases, one a positive for the labor market, the other a negative on consumer sentiment. Both charts shown are courtesy of "dshort - Advisor Perspectives."

On the labor front, we now have a positive trend for weekly initial jobless claims, where the four-week moving average has declined below the recessionary 350,000 threshold, to 346,750.

If this trend continues the unemployment rate should begin to fall towards the 6.5% FOMC target, where QE3 and QE4 may begin to end. We will learn more about this from the FOMC this afternoon.

Last Friday, we learned that the University of Michigan Consumer Sentiment Index fell to 71.8 in March, the lowest level in more than a year. It has been well below the neutral zone of 90 to 110 since the recession began at the end of 2007.

Looking at today's valuations, the computer and technology sector is 15.1% overvalued, the construction sector is 22.6% overvalued and the retail-wholesale sector is 16.3% overvalued.

Reading the Table

OV / UN Valued: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: 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 twelve 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 twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months.

Value Level: The 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.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.

Reporting after the close on Wednesday:

Jabil Circuit ( JBL) ($19.18) -- The Tampa Bay electronic products solutions company reports their Q2 2013 results and is expected to earn 64 cents a share. The stock has a buy rating and is trading below its 200-day simple moving average (SMA) at $19.58 with its 200-week SMA a major support at $17.48. My monthly value level is $18.60 with a quarterly pivot at $20.09 and semiannual risky level at $28.13.

Oracle ( ORCL) ($35.69) -- The software giant is expected to earn 63 cents a share for its fiscal third quarter, but I have seen expectations as high as 66 cents. The stock has a buy rating and recently challenged its May 2011 high at $36.50, which raises the bar for this earnings reaction. My annual value level is $34.68 with a monthly pivot at $35.61 and semiannual risky level at $38.63.

Reporting Pre-market on Thursday:

Lululemon ( LULU) ($64.08) -- On Tuesday, we learned that the athletic apparel maker deemed their popular black yoga pants too revealing and yanked the workout wear from store shelves. I did not see a downward revision for the company's expected quarterly earnings of 74 cents a share. The stock has a buy rating, but has been moving sideways to down since setting an all time high at $81.09 back on May 3, 2012. The August 2, 2012, low is $52.20 with the 200-day SMA is $67.77. My weekly pivot is $69.87 with a semiannual risky level at $71.17

Ross Stores ( ROST) ($55.46) -- The discount retailer is expected to earn $1.07 per share for its Q4 2012 results. The stock has a buy rating, but its one of the discount retailers I profiled last week that set its all time high at $70.82 back on August 20, 2012. The stock tried to test its 200-day SMA at $61.74 on Feb. 7, but rejected that attempt. My annual value level is $51.52 with an annual pivot at $54.55 and monthly risky level at $59.32.

TIBCO Software ( TIBX) ($23.38) reports after the close on Thursday. The software company is expected to earn 11 cents a share for its quarter ending Feb. 2013. The stock has a hold rating and is well below its 200-day SMA at $25.80. It's worth noting that the weekly chart profile stays positive given a close this week above the five-week MMA at $23.10, and that the 200-week SMA is a major support at $20.26, which held in early-December. My monthly value level is $20.48 with a weekly pivot at $34.36 and semiannual risky level at $27.59.

Reporting pre-market on Friday is KB Home ( KBH) ($21.03). This sell-rated homebuilder is expected to report a lose 23 cents a share for its latest quarter. On March 19, I categorized this stock as a source of funds. KBH set a new multi-year high at $21.45 on March 19. My semiannual value level is $10.77 with a monthly pivot at $20.69 and weekly risky level at $21.69.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

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