Starbucks ( SBUX) ($59.39) is expected to earn 48 cents a share. The stock is rated buy, is trading around its fair value with a one year price target at $63.38. The stock has been trying to re-capture its April 2012 high at $62. The weekly chart profile is positive but overbought with the five-week MMA at $57.65. My semiannual value level is $49.88 with monthly and quarterly risky levels at $60.63 and $63.10.
A company reporting before the open on Friday: Chevron ( CVX) ($117.48) is expected to earn $3.07 a share. The stock is rated hold, is 13.6% overvalued with a one year price target at $122.40. The stock set a multi-year high at multi-year high at $121.56 on March 25. The weekly chart profile stays negative with a close this week below its five-week MMA at $117.39. Semiannual and quarterly value levels are $111.22 and $109.58 with a monthly pivot at $117.69 and annual risky levels at $22.26 and $123.08. I have been tracking the ratings in the DowJones Industrial Average stating that the buy rated names are candidates for your allocations to the long side of the stock market. Today the number of stocks rated buy fell to 13 as General Electric ( GE) and Intel ( INTC) have been downgraded to hold. 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.