Weekly Earnings Scorecard: Nike Beats

NEW YORK ( TheStreet) -- At the beginning of each week I provide my buy-and-trade strategies, profiling what I believe are key companies that report quarterly results during that week.

Sometimes I do this in one post, and sometimes I have to split it into two posts. Then at the beginning of the following week I post a scorecard of how these stocks performed going into their earnings reports and reacted following the reports.

On Sept. 23, I profiled six stocks in " KB Home, Lennar, AutoZone, CarMax Headline Earnings Preview." Five beat expectations, and one missed. Then on Sept. 24, I profiled another six stocks in " Nike Set to Report Earnings." Three beat, one matched, and the other two rescheduled results to a later date.

We enter the fourth quarter with 76.8% of all stocks overvalued and 43.4% overvalued by 20% or more. Fifteen of 16 sectors are overvalued, 13 by double-digit percentages and 10 overvalued by more than 20%.

Here's Today's Earnings Scorecard:

Accenture ( ACN) ($73.64) beat EPS estimates by a penny, reporting earnings per share of $1.01 after the close on Thursday. After closing at $75.87 on Thursday, the stock had a negative reaction to the earnings report on Friday, trading to in intraday low of $72.36. On Monday, the stock closed below its 50-day and 200-day simple moving averages at $73.92 and $75.24, respectively. The stock retains a hold rating with weekly and semiannual value levels at $73.11 and $72.61, respectively, and a monthly risky level at $79.04. My semiannual value level at $72.61 held at the reaction low.

Autozone ( AZO) ($422.57) missed EPS estimates by 58 cents when it reported EPS of $9.76 before the market opened Wednesday. The stock opened lower Wednesday, traded down to $410, then rebounded to its 50-day SMA at $426.88. Autozone remains buy-rated, with a weekly value level of $393.47, a semiannual pivot of $425.00 and a quarterly risky level of $448.36. My semiannual pivot at $425.00 proved to be a magnet, which is a key to my buy-and-trade strategy.

Bed Bath & Beyond ( BBBY) ($77.23) beat EPS estimates by a penny, reporting EPS of $1.16 after the bell on Wednesday. The stock closed that day at $74.22 and then gapped higher at the open on Thursday to $78.88, which is between my semiannual pivot at $76.93 and my semiannual risky level at $80.54. Bed Bath & Beyond maintains a buy rating with a new quarterly value level at $74.81, with semiannual pivots at $76.93 and $80.54 and a monthly risky level at $82.21.

Finish Line ( FINL) ($24.87) beat EPS estimates by 9 cents, reporting EPS of 54 cents before the market opened on Friday. The stock, which closed Thursday's session at $22.39, gapped to a new 2013 high at $25.10 on Monday. Finish Line maintains its buy rating with a weekly value level at $22.19. New quarterly and monthly pivots are at $23.18 and $24.24, respectively, and the semiannual risky levels are at $28.51 and $29.89.

Jabil Circuit ( JBL) ($21.68) beat EPS estimates by a penny, reporting EPS of 48 cents after the bell on Wednesday. The stock closed at $24 on Wednesday, gapped lower on Thursday, and traded as low as $21.15 on Monday. The low was a test of my monthly value level at $21.37. Jabil maintains its buy rating with annual value levels at $14.28 and $12.96, respectively, and monthly, weekly and quarterly risky levels at $22.12, $22.35 and $23.40, respectively.

KB Home ( KBH) ($18.02) beat EPS estimates by 9 cents by reporting EPS of 29 cents before the market opened last Tuesday. The stock traded mostly around its 50-day SMA at $17.13 and has stayed below its 200-day SMA at $19.20 since then. KB Home still has a strong-sell rating with a weekly value level at $16.23 and monthly, annual and quarterly risky levels at $19.73, $22.94 and $23.70, respectively.

CarMax ( KMX) ($48.47) beat EPS estimates by 5 cents, reporting EPS of 62 cents before the market opened last Tuesday. The stock opened to a new multiyear high at $52.47 last Tuesday, then traded to a postearnings low of $48.31 on Monday, below its 50-day SMA at $49.25. The high was a test of my monthly risky level at $51.94. CarMax maintains its buy rating with the 200-day SMA at $44.13 and weekly and semiannual risky levels at $49.36, $50.77 and $50.94, respectively.

Lennar ( LEN) ($35.40) beat EPS estimates by 8 cents, reporting 54 cents a share before the market opened last Tuesday. The stock has traded between its 50-day SMA at $33.84 and its 200-day SMA at $38.23 since then without testing either level. Lennar maintains a sell rating with weekly and monthly value levels at $33.03 and $32.49, respectively, and semiannual risky level at $40.29.

McCormick ( MKC) ($64.70) matched EPS estimates, reporting earnings of 78 cents a share before the market opened Thursday. The stock gapped lower and traded to a week's low of $64.04 on Friday. McCormick stayed below its 200-day SMA at $69.33 before the earnings, but it still has a buy rating. My annual value levels are $53.12 and $50.15, with a weekly pivot at $64.20 and semiannual risky levels at $67.62 and $75.36.

Nike ( NKE) ($72.64) beat EPS estimates by 8 cents, reporting earnings of 86 cents a share after the market closed Thursday. The new Dow component closed at $70.34 on Thursday and gapped to a new multiyear high at $75.25 on Friday. Nike maintains its hold rating with a weekly value level at $68.48, a quarterly pivot at $71.62 and a monthly risky level at $73.38.

At the time of publication, Suttmeier had no positions in stocks mentioned.

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

Richard Suttmeier is the chief market strategist at AlphaPlus Analytics in addition to ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at RSuttmeier@Gmail.com

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