Boeing, Caterpillar, Facebook Earnings Ahead

NEW YORK (TheStreet) -- This week is the meat of second quarter earnings season with 157 companies in the S&P 500 reporting results. Among the nine profiled today, only one has a buy rating and two are Dow components.

Before I provide my buy-and-trade data for tomorrow's key earnings, let's take a look at how the six companies performed after reporting earnings Monday. These are the stocks I profiled July 18 in Netflix, McDonald's Earnings Preview. Yesterday I profiled 10 stocks that report today in Undervalued Apple Reports Earnings Tuesday.

Halliburton ( HAL) ($45.08) set a multi-year high at $46.66 on Monday after beating EPS estimates by a penny earning 73 cents a share premarket. My annual risky level at $45.72 became a pivot during the trading day. My weekly value level is $43.97 with a monthly risky level at $47.42.

Hasbro ( HAS) ($46.87) traded down to $44.90 on Monday after missing EPS estimates by 6 cents earning 29 cents a share premarket. After the toy maker disclosed that its Marvel deal with Disney would continue the stock popped to $47.97. My semiannual value level at $45.27 and monthly risky level at $47.83 captured this price volatility.

Kimberly Clark ( KMB) ($97.68) beat EPS estimates by 2 cents premarket earning $1.41 a share. The stock stayed below its 50-day SMA at $99.15 trading down to $96.14 with the 200-day SMA at $92.83. My weekly value level is $92.40 with a semiannual pivot at $100.90 and quarterly risky level at $103.37.

McDonalds ( MCD) ($97.58) missed EPS estimates by 2 cents premarket earning $1.38 a share. The stock opened below my semiannual value level at $98.47 with an annual pivot at $99.38 and annual risky level at $104.63.

Netflix ( NFLX) ($261.96) beat EPS estimates by 8 cents earning 49 cents a share. The stock was trading below $250 a share premarket this morning as subscriber growth was disappointing. My semiannual value level is $237.48 with a monthly risky level at $272.18.

Texas Instruments ( TXN) ($37.42) beat EPS estimates by a penny earning 42 cents a share. The stock tested its July 17 multi-year high at $38.16 in afterhours trading on Monday. My monthly value level is $35.31 with a semiannual risky level at $39.38.

Stocks continue to trade under a ValuEngine valuation warning with 76.1% of all stocks overvalued, 43.4% are overvalued by 20% or more. 15 of 16 sectors are overvalued, 14 by double-digit percentages.

Here is my table on data for the nine stocks reporting results on Tuesday:

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.

Akamai Tech ( AKAM) ($44.10) set a multi-year high at $48.47 on May 16 then traded as low as $40.08 on June 24. My monthly value level is $43.27 with my annual risky level at $51.76.

Boeing ( BA) ($106.86) set a multi-year high at $108.15 on July 12 and traded as low as $98.99 that same day. My monthly value level is $103.24 with a weekly pivot at $105.72 and semiannual risky level at $109.49.

Caterpillar ( CAT) ($86.00) has been the poster child for disappointing news since setting a multi-year high at $116.95 on Feb. 24, 2012. The stock is resting between its 50-day SMA at $85.18 and its 200-day SMA at $87.67. My weekly value level is $82.80 with a monthly risky level at $90.31.

Citrix Systems ( CTXS) ($66.00) set a multi-year high at $87.99 on April 26, 2012. The stock is between its 50-day SMA at $63.57 and its 200-day SMA at $66.56. My weekly value level is $63.34 with my annual risky level at $68.73.

EMC ( EMC) ($25.22) set a multi-year high at $30.00 on March 28, 2012. The stock is above its 50-day and 200-day SMAs converged at $24.33 and $24.33. My monthly value level is $23.59 with a weekly pivot at $25.75 and semiannual risky level at $32.66.

Facebook ( FB) ($26.05) set its 2013 high at $32.50 on Jan. 28. The stock is just above its 200-day SMA at $25.82. My weekly value level is $25.18 with a monthly risky level at $32.29.

F5 Networks ( FFIV) ($80.34) set a multi-year high at $139.46 on April 3, 2012 then traded as low as $67.53 on June 24. My quarterly value level is $76.45 with my monthly risky level at $89.96.

Pepsico ( PEP) ($86.40) set a multi-year high at $87.06 on July 18. This is the only buy rated stock in today's table, but beware that arch rival Coca Cola delivered a disappointing earnings report a week ago. My monthly value level is $84.80.

Visa ( V) ($191.22) set a multi-year high at $192.77 on July 8. My semiannual value level is $172.20 with a weekly pivot at $189.02 and quarterly risky level at $193.54.

At the time of publication the author held no positions in any of the stocks mentioned.

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

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.

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