NEW YORK ( TheStreet) -- The majority of earnings reports I previewed last week and this week are in the retail-wholesale sector, and most of these companies had buy ratings pre-earnings.On Aug. 13 I wrote Nordstrom, Kohls and Ross Stores Up Next on Earnings and four of the five companies previewed beat EPS estimates. Ross Stores ( ROST) rescheduled its report to Aug. 22. Two of the five stocks moved higher with one in a moon-shot, while two moved sideways and one moved lower following their quarterly earnings reports. Today's market pulse below shows that the S&P 500 ended Wednesday down just 3.9% since setting its latest all-time high at 1709.67 on Aug. 2. The upside to my semiannual risk level at 1743.50 is 6.1% with the downside risk to my annual value level at 1348.30 is 17.9%.
Family-oriented department store Kohls ( KSS) ($51.78 vs. $51.22 on Aug. 12) beat EPS estimates by a penny earning $1.04 per share premarket on Aug. 15. The stock closed at $50.84 on Aug. 14 and gapped higher last Thursday to a day's high at $54.52. Kohls still has a buy rating with my annual value level at $49.19 with a monthly pivot at $52.34 and my annual risky level at $54.80. RRGB) ($67.15 vs. $56.06 on Aug. 12) beat EPS estimates by 11 cents premarket last Thursday earning 77 cents. The stock gapped higher in a moon-shot to $68.39 on Tuesday. The stock had a buy rating and has been downgraded to hold on strength. Given this downgrade buy-and-trade investors should consider booking profits on this stock. My monthly value level is $62.93. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.