Zale, Express, Guess? and TiVo Sail Higher on Earnings

NEW YORK (TheStreet) -- Earlier this week I previewed several companies in the retail sectors, most of them in the retail-wholesale sector. Today I provide an earnings scorecard for 13 of the stocks that I covered in these two posts.

On Monday I wrote Tiffany, Williams-Sonoma Headline Wednesday Earnings and on Tuesday I wrote Campbell, Krispy Kreme and Retailers Earnings Preview. Six stocks beat EPS estimates, five matched estimates and two missed estimates.

Regardless of the hits and misses, six ended the week lower, four ended higher and three traded up then down.

Friday morning we learned U.S. personal income and spending both rose by just 0.1% in July, below Wall Street estimates. This weakness was likely a factor for retail stocks that missed EPS estimates or offered weak guidance.

We are ending August with 76.2% of all stocks overvalued, well above the 65% threshold that defines a ValuEngine valuation warning. This is a warning that the stock market has been propped up by the Federal Reserve's quantitative easing programs to levels not justified by the stock markets' fundamentals: 42.4% of all stocks are overvalued by 20% or more. The consumer discretionary sector is 24.3% overvalued with the consumer staples sector 16.8% overvalued and the retail-wholesale sector 23.4% overvalued.

Bebe Stores ( BEBE) ($5.99) matched EPS estimates, reporting a loss of 14 cents a share after the close on Thursday and the stock slipped below its 50-day SMA at $5.76 this morning. The hold-rated stock has a semiannual value levels at $5.16 and $4.85 with a quarterly pivot is $5.97 and monthly risky level at $6.24.

Chico's FAS ( CHS) ($15.88) missed EPS estimates by 5 cents earning 27 cents a share premarket on Wednesday. The buy-rated stock initially traded higher to a day's high at $16.80 but could not hold its 50-day SMA at $16.51. The stock returned to my annual, monthly and quarterly pivots at $16.25, $16.42 and $15.88 resulting in trading opportunities for buy-and-trade investors using the power of the pivots to provide share price magnets. My annual value level is $11.01 with semiannual risky level at $19.10.

Campbell Soup ( CPB) ($43.33) beat EPS estimates by 3 cents earning 45 cents premarket on Thursday. The soup maker sunk to $42.87 but stayed above its 200-day SMA at $42.18. As a result of this weakness that stock has been upgraded to buy from hold according to www.ValuEngine.com. I show quarter, annual and semiannual value levels at $40.45, $40.09 and $39.91 with a semiannual pivot at $43.92 and a monthly risky level $48.97.

Express ( EXPR) ($21.18) matched EPS estimates earning 20 cents a share premarket on Wednesday. Favorable guidance resulted in a pop in the stock to $22.09 but the close was below its 200-day SMA at $21.61. The buy-rated stock is above its 200-day SMA at $18.48 with a quarterly value level at $16.65 and a monthly risky level at $24.15.

Fred's ( FRED) ($16.07) matched EPS estimates earning 9 cents a share in afterhours trading on Thursday. The buy-rated stock traded lower on Friday with a day's low of $15.66 as of 11:25 AM. My semiannual value level is $14.83 with a semiannual pivot at $16.08.

Guess? ( GES) ($30.82) beat EPS estimates by 16 cents earning 52 cents premarket on Wednesday. The hold-rated stock was below its 200-day SMA at $28.19 on Tuesday and spiked to a high of $31.23 on Wednesday staying below its 50-day SMA at $31.55. My quarterly value level is $15.00 with a monthly risky level at $32.35.

Krispy Kreme Doughnuts ( KKD) ($23.23) missed EPS estimates by 2 cents earning 14 cents a share in afterhours trading on Thursday. The buy-rated stock was crushed to the investor woodshed to $19.78 as of 11:2 AM below its 50-day SMA at $20.32. My semiannual value level is $14.78 with a monthly pivot, now a risky level at $22.12.

Shoe Carnival ( SCVL) ($26.30) matched EPS estimates earning 29 cents a share in afterhours trading on Thursday. The buy-rated stock gapped below its 50-day SMA at $25 75 on Friday to a day's low at $24.35. My monthly value level is $23.08 with a semiannual risky level at $28.38.

Fresh Market ( TFM) ($48.01) matched EPS estimates earning 32 cents a share in afterhours trading on Wednesday. The buy-rated stock opened Thursday below its 50-day SMA at $52.91 on a trip to the investor woodshed ending the day below its 200-day SMA at $48.39. My monthly value level is $44.20 with a quarterly risky level at $56.85.

Tiffany ( TIF) ($77.07) beat EPS estimates by 9 cents earning 83 cents a share premarket on Tuesday. The buy-rated stock set a new multi-year high at $83.33 at Tuesday's open and then changed direction to a week's low at $76.65 on Thursday, which is below its 50-day SMA at $78.12. My annual value level is $64.34 with monthly and semiannual risky levels at $83.93 and $86.69.

TiVO ( TIVO) ($11.88) beat EPS estimates by 2 cents reporting a loss of 8 cents a share in afterhours trading on Tuesday. The hold-rated stock opened higher on Wednesday and traded as high as $11.92 for a failed test of its 200-day SMA at $11.88. The stock is above its 50-day SMA at $11.20 with my quarterly value level at $11.00 with an annual pivot at $11.49 and monthly risky level at $12.35.

Williams-Sonoma ( WSM) ($56.86) beat EPS estimates by 2 cents earning 49 cents a share in premarket trading on Wednesday. The buy-rated stock set a new multi-year high at $61.56 then changed direction with a week's low at $55.76 on Thursday, below its 50-day SMA at $58.22. My quarterly value level is $50.79 with a semiannual pivot, now a risky level at $59.42.

Zale Corp. ( ZLC) ($12.50) beat EPS estimates by 7 cents reporting a loss of 25 cents a share in premarket trading on Wednesday. The stock opened with a moon-shot that continued on Thursday to a new multi-year high at $12.88. As a result of this spike the stock was downgraded to hold from buy. I do not show a risky level at this time.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written 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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