The beer, wine and alcohol company's better than expected results and improved forward guidance was attributed to the acquisition of Grupo Modelo's U.S. beer business.

Texas Industries ( TXI) ($56.22) missed EPS estimates by 4 cents earning a penny a share in afterhours trading on Oct. 2. The stock fell from its Oct. 2 close at $67.02 to a low of $56.21 on Oct. 4. Texas Industries maintains its hold rating with a semiannual value level at $47.55 and semiannual and annual pivots at $58.20 and $61.58. My weekly risky level is $60.71.
Read: HED-HERE

Profitability for the cement and materials company was hurt by margins that were below analysts estimates.

Walgreen ( WAG) ($55.79) matched EPS estimates earning 73 cents a share premarket on Oct. 1. The stock set a new multi-year high at $57.41 on Oct. 3. Walgreen maintains a buy rating with a weekly value level at $54.89 with a monthly risky level at $56.93.

The drug store chain expects to benefit from Obamacare by encouraging shoppers to enroll in the exchanges, as such would increase the flow of prescriptions in their stores.

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 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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