NEW YORK ( TheStreet) -- Today's buy-and-trade earnings previews cover nine companies; three from the aerospace sector, two from the medical sector and one each from the industrial product, retail-wholesale, transportation and utilities sectors.The ValuEngine valuation warning continues with 78.4% of all stocks being overvalued, 46.9% by 20% or more. Also, 15 of 16 sectors are overvalued, all by double-digit percentages, 11 by 21% to 27.4%. The aerospace sector is 23.3% overvalued with an underweight rating. 67.6% of the 74 stocks in this sector have sell or strong sell ratings. The industrial products sector is 22.9% overvalued with an underweight rating. 42.1% of the 347 stocks in this sector have sell or strong cell ratings. The medical sector is 22.0% overvalued with an equal-weight rating. 59.2% of the 784 stocks in this sector have hold ratings. The retail-wholesale sector is 27.4% overvalued with an overweight rating. 81.7% of the 349 stocks in this sector have buy or strong buy ratings.
Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months. Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual. Pivot: A level between a value level and risky level that should be a magnet during the time frame noted. Risky Level: Price at which to enter a GTC limit order to sell on strength. BA) ($121.47) set another multi-year high at $122.86 on Friday. The sell rated maker of the Dreamliner and Dow component has a quarterly value level at $115.10 with a weekly pivot at $124.94 and monthly risky level at $126.05. Caterpillar ( CAT) ($87.70) returned to its 200-day SMA at $87.21 on recent strength. The hold rated maker of construction and mining equipment maker and Dow component has a monthly value level at $71.51 with a weekly pivot at $86.33 and annual risky level at $96.43. Citrix Systems ( CTXS) ($56.90) set a 52-week low at $56.48 on Thursday. The buy rated enterprise software company has an annual risky level at $62.88. Brinker International ( EAT) ($41.55) set a multi-year high at $44.28 on Aug. 2 then traded as low as $38.40 on Oct. 9. The buy rated owner of casual eateries such as Chili's has a weekly value level at $39.65 with a monthly risky level at $44.99. General Dynamics ( GD) ($88.00) set a multi-year high at $89.94 on Sept. 19 then fell to $83.61 on Oct. 9. The hold rated maker of land and amphibious combat systems has an annual value level at $86.80 with a weekly pivot at $89.14 and annual risky level at $90.45. Northrop Grumman ( NOC) ($100.20) set another new multi-year high at $101.74 on Monday, then closed below Friday's low, which is a potential key reversal day. The hold rated defense subcontractor has a weekly value level at $98.54 with a monthly pivot at $101.98 and no risky levels.
Norfolk Southern ( NSC) ($80.00) is attempting to set a new multi-year high above the May 21 high at $81.00. The sell rated railroad has a semiannual value level at $77.40 with a weekly pivot at $79.70 and quarterly risky level at $81.28. AT&T ( T) ($35.22) moved above its 50-day simple moving average at $34.06 on Wednesday and is trying to return to its 200-day SMA at $35.53. The buy rated telecom utility has a weekly value level at $33.94 with a monthly risky level at $35.70. WLP) ($87.60) set its multi-year high at $90 on July 24 and attempts to trade above that high failed on Sept. 16 and again on Wednesday. The buy rated health benefits provider is trading around its 50-day SMA at $86.37 with a semiannual value level at $83.77 with a weekly pivot at $85.96 and monthly risky level at $90.30. 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.