American Express Surges While IBM Goes to the Earnings Woodshed

NEW YORK ( TheStreet) -- On Monday and Tuesday, I provided my buy-and-trade profiles for 19 companies in two posts.

On Tuesday, I wrote, Intel, Yahoo and Citigroup Headline Tuesday's Earnings, which included eight companies. Five beat earnings-per-share estimates, two missed and one matched.

On Wednesday, I wrote, Bank of America, eBay and IBM Headine Wednesday's Earnings, which included 11 companies, but one delayed its report. Of the 10 that reported, eight beat EPS estimates, one missed and one matched.

Here's today's earnings scorecard:

American Express ( AXP) ($80.23) beat EPS estimates by 3 cents with earnings of $1.25 a share. The hold-rated credit-card giant gapped higher trading to a multiyear high at $80.40 on Thursday. My weekly value level is $74.28, with a semiannual pivot at $78.27 and quarterly risky level at $81.05.

Bank of America ( BAC) ($14.66) beat EPS estimates by 10 cents, earning 28 cents a share. Helping earnings was a decline of $915 million in reserves for losses. Investors awarded the company even though it reported a quarterly decline of 11% in its mortgage-originations business to $22.6 billion The stock opened on Wednesday above its 50-day simple moving average at $14.29 and advanced to a high at $14.66 yesterday. This hold-rated "too big to fail" money-center bank has a weekly value level at $14.09 and a monthly risky level at $15.03.

Citigroup ( C) ($51.12) missed EPS estimates by 4 cents, earning $1 a share. Citigroup reduced reserves for losses by $675 million. This hold-rated "too big to fail" money-center bank reported a 26% decline in fixed-income revenue. The stock traded down to $48.76 on Tuesday, and then moved above its 50-day SMA at $49.78 on Wednesday, trading to a high of $51.22 yesterday. My semiannual value level is $47.14, with a weekly pivot at $48.66 and quarterly risky level at $52.56.

Commerce Bancshares ( CBSH) ($45.89) beat EPS estimates by 3 cents, earning 75 cents a share. The stock held its 50-day SMA at $44.06 and rebounded to $45.99 on Thursday. The hold-rated community bank has a weekly value level at $42.83, with a quarterly pivot at $46.12 and semiannual risky level at $47.20.

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