NEW YORK (TheStreet) -- The tidal wave of earnings reports continues, and today I profile 13 companies that report quarterly results Thursday. Among them, four have buy ratings and nine have hold ratings, and only one is a Dow component.
To review my buy-and-trade strategies for the stocks reporting today, read Boeing, Caterpillar, Facebook Earnings Ahead. Before I provide my buy-and-trade data for tomorrow's key earnings, let's take a look at how the 10 companies that reported Tuesday performed after releasing their earnings reports. These are the stocks I profiled on in Undervalued Apple Reports Earnings Tuesday. Apple ( AAPL) ($418.99) beat EPS estimates by 16 cents earning $7.47 per share. Apple traded as high as $439.32, which is not a surprise as the stock has a buy rating. My weekly value level is $404.95 with my annual pivot at $421.05 and annual risky level at $510.64. Broadcom ( BRCM) ($31.83) missed EPS estimates by 2 cents earning 47 cents a share. This buy rated stock traded down to a new 2013 low at $30.05 in the afterhours. My annual pivots are $30.97 and $32.91. Discover Financial ( DFS) ($50.71) beat EPS estimates by 4 cents earning $1.20 a share. My semiannual value level is $48.93 with a weekly pivot at $50.00. Freeport McMoRan ( FCX) ($29.99) beat EPS estimates by 8 cents earning 49 cents a share. The stock ended the session above its 50-day SMA at $29.56 with the 200-day SMA at $33.47. Nabors Industries ( NBR) ($15.29) missed EPS estimates by a penny earning 8 cents a share. My weekly value level is $14.89 with my annual risky level at $18.49. Panera Bread ( PNRA) ($182.01) missed EPS estimates by 3 cents earning $1.74 a share. The buy rated stock traded down to its 200-day SMA at $171.36 in afterhours trading. My annual value level is $145.66 with my semiannual pivot at $179.90 and quarterly risky level at $188.25. AT&T ( T) ($35.81) missed EPS estimates by a penny earning 67 cents a share. My weekly value level for this buy rated stock is $34.25 with a quarterly pivot at $36.27 and semiannual risky level at $38.14. Travelers ( TRV) ($82.21) beat EPS estimates by 55 cents earning $2.13 a share. Despite this win the stock traded lower on Tuesday. My weekly value level is $81.54 with a semiannual pivot at $85.15 and monthly risky level at $87.88. United Technologies ( UTX) ($105.12) beat EPS estimates by 9 cents earning $1.65 a share. This buy rated Dow component set a new multi-year high at $105.66 on Tuesday. The stock was featured in Buy-Rated Dow Components Slip To Ten. My weekly value level is $98.26 with a monthly pivot at $100.89 and semiannual risky level at $107.61. Valero Energy ( VLO) ($35.33) missed EPS estimates by 4 cents earning 90 cents a share. My weekly value level is $32.72 with quarterly and semiannual pivots at $34.34 and $34.73. Stocks continue to trade under a ValuEngine valuation warning with 76.5% of all stocks overvalued, 43.6% are overvalued by 20% or more. Fifteen of 16 sectors are overvalued, 14 by double-digit percentages. Here is my table on data for the 13 stocks reporting results on Thursday:
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. Amazon.com ( AMZN) ($301.06) set a multi-year high at $309.39 on July 16. My monthly value level is $295.46 with a weekly risky level at $310.48. Colgate Palmolive ( CL) ($58.41) set a multi-year high at $62.70 on May 16 then traded as low as $55.47 on June 24. My weekly value level is $55.41 with a monthly risky level at $82.75. Cirrus Logic ( CRUS) ($19.22) set its 2013 low at $16.46 on June 14. My annual value level is $13.35 with a weekly pivot at $19.24 and annual risky level at $20.74. General Motors ( GM) ($36.61) set a multi-year high at $36.99 on July 22. My semiannual value level is $34.41 with a weekly risky level at $36.69. Harley Davidson ( HOG) ($55.96) set a multi-year high at $59.84 on May 20 then traded as low as $49.15 on June 24. My weekly value level is $53.43 with a semiannual pivot at $55.81 and monthly risky level at $58.34. International Paper ( IP) ($46.88) set a multi-year high at $49.10 on April 11 then traded down to $42.36 on June 24. My weekly value level is $45.15 with a semiannual pivot at $46.92 and semiannual risky level at $50.08. 3M ( MMM) ($116.75) set a multi-year high at $117.30 on July 23. This buy rated Dow component has a semiannual value level at $115.00 with a monthly risky level at $118.70. Newmont Mining ( NEM) ($31.14) set a multi-year low at $26.47 on July 10. My monthly value level is $22.14 with a weekly pivot at $28.96 and quarterly risky level at $40.92. Starbucks ( SBUX) ($67.66) set a multi-year high at $69.90 on July 15. My quarterly value level is $65.01 with a quarterly pivot at $68.25 and weekly risky level at $69.75. Under Armour ( UA) ($61.99) set a multi-year high at $65.55 on May 22 then traded down to $55.63 on June 24. My quarterly value level is $58.76 with a semiannual risky level at $66.00. Vulcan Materials ( VMC) ($49.67) set a multi-year high at $59.48 on Jan. 22 then set a 2013 low at $45.42 on April 15. My semiannual value level is $47.42 with a quarterly pivot at $49.74 and monthly risky level at $57.22.
Weyerhaeuser ( WY) ($29.33) set a multi-year high at $33.24 on May 22 then as low as $26.38 on June 24. This stock reports premarket on Friday. My annual value level is $28.69 with a monthly risky level at $30.89. Zynga ( ZNGA) ($3.27) is above its 50-day and 200-day SMAs at $3.17 and $2.92. My weekly value level is $2.88 with a monthly risky level at $3.63. At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
