Amazon Rockets, Boeing Flies Higher But Caterpillar Is Grounded

NEW YORK (TheStreet) -- When you look at the earnings reports from Wednesday and Thursday, the headlines show that Boeing (BA) continues to fly to new highs as Amazon.com (AMZN) rockets into a higher orbit, but Caterpillar (CAT) remains grounded by reduced demand for heavy construction equipment.

On Oct. 22, I wrote, Boeing, Caterpillar and AT&T Headline Wednesday's Earnings and on Oct. 23 I wrote, Amazon, Ford and Microsoft Headline Thursday's Earnings. These posts covered 22 stocks; only five had buy ratings, nine had hold ratings and eight had sell ratings. Even with these cautious ratings 14 stocks traded higher after reporting results with nine of those setting new multi-year or all time highs. Two moved sideways and only six traded lower.

Here's Today's Earnings Scorecard:

Amazon.com ( AMZN) ($363.39) matched EPS estimates losing 9 cents a share in afterhours trading last Thursday. The hold rated online retailer rocketed to a new all time high at $368.40 on Friday. Amazon recently announced it will build two new distribution centers in Tampa Bay, Fla., where I live. One will be for large items, the other for the smaller items. The company expects to create 1,000 new jobs. My semiannual value levels are $324.33 and $313.60 with a weekly pivot at $366.08.

Boeing ( BA) ($131.19) beat EPS estimates by 26 cents earning $1.80 a share premarket last Wednesday. The sell rated maker of the Dreamliner and Dow component set a new all time high at $131.43 on Friday. Boeing has a quarterly value level at $115.10 with a monthly pivot at $126.05 and a weekly risky level at $134.49.

Brunswick ( BC) ($45.57) beat EPS estimates by 6 cents earning 59 cents a share last Thursday. The hold rated owner of bowling centers and maker of pool tables rolled to a new multi-year high at $45.57 on Friday. My semiannual value level is $39.58 with a quarterly pivot at $44.57 and a weekly risky level at $47.14.

Bunge ( BG) ($82.39) missed EPS estimates by 21 cents earning $2.05 a share last Thursday. The sell rated agriculture and food company traded like a bungee falling to $77.69 ore-earnings last Tuesday then to a new multi-year high at $82.67 on Friday. My semiannual value level is $75.15 with quarterly and weekly pivots at $80.50 and $82.28 and annual risky levels at $82.82 and $103.42.

Caterpillar ( CAT) ($84.77) missed EPS estimates by 23 cents earning $1.45 a share last Wednesday. The hold rated maker of construction and mining equipment and Dow component closed at $89.17 last Tuesday then plunged to $83.05 on Wednesday plowing below its 50-day and 200-day SMAs at $84.84 and $87.03. My monthly value level is $71.51 with weekly and annual risky levels at $87.60 and $96.43.

Citrix Systems ( CTXS) ($57.98) beat EPS estimates by 4 cents earning 53 cents a share last Wednesday. The buy rated enterprise software company popped from Wednesday's close at $56.07 to $59.75 on Thursday. My weekly and annual risky levels are $61.41 and $62.88.

Deckers Outdoor ( DECK) ($69.99) beat EPS estimates by 23 cents earning 95 cents last Thursday. The hold rated maker of outdoor footwear and apparel did a moon-shot on Friday to $70.45 from a Thursday close at $58.10 jumping its 50-day SMA at $61.20. My weekly pivot is $69.15 with semiannual risky levels at $74.15 and $79.36.

Brinker International ( EAT) ($42.83) missed EPS estimates by 3 cents earning 43 cents a share last Wednesday. The buy rated owner of casual eateries such as Chili's declined to $39.39 on the news then popped back above its 50-day SMA at $40.72 and traded up to $42.99 on Friday. My semiannual value level is $38.53 with a weekly pivot at $42.00 and quarterly risky level at $48.10.

Ford Motor ( F) ($17.60) beat EPS estimates by 7 cents earning 45 cents a share Thursday. The sell rated auto maker popped to a new multi-year high at $18.02 then dipped to $17.42 on Friday as my monthly pivot at $17.59 proved to be a magnet. My quarterly value level is $16.55 with weekly and semiannual risky levels at $18.41 and $19.46.

General Dynamics ( GD) ($88.26) beat EPS estimates by 17 cents earning $1.84 cents a share Wednesday. The hold rated maker of land and amphibious combat systems popped to $88.98 then dipped to $85.79 on Thursday. My semiannual value level is $84.72 with an annual pivot at $86.80 and annual risky level at $90.45.

International Paper ( IP) ($45.57) beat EPS estimates by 11 cents earning $1.05 Thursday. The sell rated paper and forestry company traded up to its 200-day SMA at $45.78 then ended the week just below it. My weekly pivot is $45.00 with a semiannual pivot at $46.92 and semiannual risky level at $50.08.

Landstar Systems ( LSTR) ($53.87) missed EPS estimates by 5 cents earning 64 cents a share last Thursday. The sell rated trucker was setup for a negative reaction to earnings given a key reversal day Tuesday when the stock traded as high as $58.84 before ending the day below Monday's low at $58.15. Landstar crashed below its 200-day SMA at $55.07 to a Friday low at $53.56. My semiannual and annual value levels are $51.52 and $50.52 with weekly and semiannual risky levels at $56.89 and $57.42.

3M ( MMM) ($124.42) beat EPS estimates by 2 cents earning $1.78 a share last Thursday. The buy rated maker of Scotch tape and Post-it Notes set a new multi-year high at $124.95 on Thursday. My semiannual value level is $115.00 with a semiannual pivot at $123.39 and weekly and quarterly risky levels at $127.68 and $128.27.

Microsoft ( MSFT) ($35.73) beat EPS estimates by 8 cents earning 62 cents a share Thursday. The hold rated maker of Windows software products and Dow component popped to $36.29 on Friday just shy of its multi-year high at $36.43 set on July 16. My weekly and semiannual value levels are $34.31 and $33.95 with semiannual and quarterly pivots at $35.89 and $36.22 and monthly risky level at $37.16.

Northrop Grumman ( NOC) ($108.37) beat EPS estimates by 16 cents earning $1.97 a share Wednesday. The hold rated defense subcontractor had been trading higher and reached $108.78 on Friday. My weekly value level is $105.92, but I do not have a risky level.

Norfolk Southern ( NSC) ($87.65) beat EPS estimates by 14 cents earning $1.53 a share Wednesday. The sell rated railroad sped to a new multi-year high at $87.93 on Thursday. My annual value level is $82.73 with a weekly pivot at $87.17 and no risky levels.

Old Dominion ( ODFL) ($47.21) beat EPS estimates by a penny earning 70 cents a share Thursday. The sell rated trucker set its multi-year high pre-earnings at $48.67 on Tuesday. The stock traded down to $45.15 on Thursday. My semiannual value level is $40.38 with weekly and quarterly risky levels at $49.64 and $52.66.

Pulte Homes ( PHM) ($18.04) beat EPS estimates by 11 cents earning 45 cents a share Thursday. The sell rated homebuilder traded up to $18.07 on Friday staying below its 200-day SMA at $18.98. Semiannual and annual value levels at $14.85 and $14.00 with a weekly pivot at $18.08 and a quarterly risky level at $25.32.

Raytheon ( RTN) ($79.96) beat EPS estimates by 18 cents earning $1.51 a share Thursday. The hold rated defense subcontractor traded up to $80.23 on Friday. My annual value level is $69.36 with a weekly pivot at $79.94 and quarterly risky level at $81.69.

AT&T ( T) ($35.19) beat EPS estimates by a penny earning 66 cents a share Wednesday. The buy rated telecom utility traded down to $34.23 on Thursday then rebounded to $35.24 on Friday, still shy of its 200-day SMA at $35.54. My semiannual value level is $32.14 with a weekly pivot at $34.83 and semiannual risky level at $38.14.

Under Armour ( UA) ($80.18) beat EPS estimates by 2 cents earning 68 cents a share Thursday. The stock gapped lower to a test of its 50-day SMA at $77.82 before rebounding on Friday. The hold rated maker of sports-branded apparel has a semiannual value level at $66.00 with a quarterly pivot at $78.86 and weekly risky level at $87.07.

Wellpoint ( WLP) ($84.10) beat EPS estimates by 27 cents earning $2.10 a share Wednesday. The buy rated health benefits provider broke below its 50-day SMA at $86.28 to a low at $83.13 on Thursday. My semiannual value level is $81.89 with semiannual and weekly pivots at $83.77 and $86.66 and monthly risky level at $90.30.

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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