NEW YORK ( TheStreet) -- On Thursday, we get earnings reports from a sell-rated trucker, a strong sell-rated semiconductor company and a hold-rated food and drug retailer. More important in my judgment are earnings from two of the four "too big to fail" money-center regional banks.The computer and technology sector is 23.1% overvalued, but has an overweight rating with 43.8% of the 1,163 stocks in this sector rated buy or strong buy. The finance sector is 17.3% overvalued with an equal-weight rating. The retail-wholesale sector is 24.5% overvalued, but has an overweight rating with 79.4% of the 354 stocks in the sector rated buy or strong buy. The transportation sector is 24.4% overvalued with an "avoid-source-of-funds" rating with 74.3% of the 179 stocks in the sector rated sell or strong sell. One of the five stocks previewed today is undervalued by 7.8%, with the other four overvalued by 14% to 92.8%. Three stocks have hold ratings, one has a sell rating and one has a strong sell rating. All have gains over the last 12 months with one gaining 92.5% and another soaring by 216.2%. All are trading above their 200-day simple moving averages, which reflects the risk of reversion to the mean.
Heartland Express ( HTLD) ($13.99) set a multiyear high at $15.09 on Aug. 2 and then traded as $13.80 on Sept. 17, holding its 200-day SMA at $13.90. My annual value level is $12.54 with a semiannual pivot at $13.71 and semiannual risky level at $14.57.JP Morgan ( JPM) ($51.83) set a multiyear high at $56.93 on July 24 and then tested its 200-day SMA at $50.67 at the Sept. 25 low at $50.06. My semiannual value level is $50.37 with a monthly risky level at $55.71. Micron ( MU) ($18.49) set a multiyear high at $18.85 on Oct. 7. My quarterly value level is $15.46 with a monthly pivot at $18.11. This stock has a parabolic-bubble formation on its weekly chart starting the year at $6.13 and moving above its 200-week SMA at $8.58 in mid-January to a multiyear high on Monday. Safeway ( SWY) ($31.48) set a multiyear high at $32.72 on Sept. 26. My quarterly value level is $29.50 with a monthly risky level at $32.99. Wells Fargo ( WFC) ($40.62) set a multiyear high at $44.78 on July 23 and then traded as low as $40.64 on Oct. 3. My semiannual value level is $40.04 with a weekly pivot at $40.60 with a monthly risky level at $44.97. 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.