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.