CSX ( CSX) ($24.00 in after hours Tuesday vs. $24.51 at Friday's close) remains a sell rated transportation stock so it's not a surprise that the stock slipped even with a nickel beat on earnings per share. My monthly value level is $20.93 with a weekly risky level at $24.85. Intel ( INTC) ($22.07 in after hours Tuesday vs. $21.67 at Friday's close) missed EPS estimates by two cents but the stock rebounded 0.7% despite the miss and couscous outlook on PC sales. A close on Friday above or below its five-week modified moving average at $21.45 and the 200-week SMA at $22.00 will key the stock's upside or downside. Yahoo! ( YHOO) ($22.80 in after hours Tuesday vs. $24.69 at Friday's close) beat EPS estimates by nine cents but the stock slumped 4.2% as revenue dipped on ad struggles. Yahoo stock set a new multi-year high at $24.99 on Monday put the stock on the cusp of my monthly pivot at $22.85 after a near test of this week's risky level at $25.11 with my annual pivot at $23.56 in-between.
Today I handicap seven more stocks whose earnings could key market direction, three after the close on Thursday and four pre-market Friday. My analysis includes four more Dow components.
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. Risky Level: Price at which to enter a GTC limit order to sell on strength.