Earnings Season Gathers Momentum

NEW YORK ( TheStreet) -- As earnings season gathers momentum, today I handicap six more stocks that I view as "important to track." Two report results after the close on Wednesday and four pre-market on Thursday, and three are Dow components.

Before I drill down into the guts of these profiles let's update the profiles for the four "too big to fail" money center banks. On Thursday I wrote, Earnings From 'Too Big to Fail' Banks Key Rallyand on Friday JP Morgan Chase ( JPM) and Wells Fargo ( WFC) beat EPS estimates but not on revenue. These hold rated money center banks moved sideways to down since then.

On Monday pre-market Citigroup ( C) beat EPS estimates and on the revenue line. Citi remains buy rated stock traded up to $46.29 Monday morning, but remains below its March 11 high at $47.92. At the beginning of the year the PHLX KBW Banking Index ( BKX) included four banks rated strong buy and another 14 rated buy. Today the only buy rated member of that index is Citigroup. Hold rated Bank of America ( BAC) reports pre-market on Wednesday.

Reading the Table

OV/UN Valued: 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 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.

Value Level: 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.

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