Disney and Priceline Headline Thursday's Earnings

NEW YORK (TheStreet) -- Today's buy-and-trade earnings previews focus on 11 companies in nine sectors including Dow component Disney (DIS) which reports in afterhours trading on Thursday and Priceline (PCLN) which also reports afterhours Thursday. It will be interesting to see whether or not Priceline can stay above a grand a share.

The eight sectors include two stocks from the consumer discretionary sector and two from the industrial products sector, and one each in these sectors; auto-tires-trucks, computer and technology, construction, consumer staples, medial, oils-energy and retail-wholesale.

With the stock market near all-time -- multi-year highs, and with the yield on the 30-year Treasury bond rising to 3.75%, the ValuEngine valuation warning intensified to a year to date high with 83.3% of all stocks overvalued. The percent of all stocks overvalued by 20% or more is also at a 2013 high at 53.3%. We still show that 15 or 16 sectors are overvalued by double-digit percentages, with 12 overvalued by 20.4% to 28.1%.

The auto-tire-trucks sector is 25.9% overvalued with an underweight rating. Of the 96 stocks 43.8% in this sector have sell or strong sell ratings.

The computer and technology sector is 24.9% overvalued with an overweight rating. Of the 1149 stocks 50.7% in this sector have buy or strong buy ratings.

The construction sector is 21.9% overvalued with an underweight rating. Of the 158 stocks 58.2% in this sector have sell or strong sell ratings.

The consumer discretionary sector is 24.2% overvalued with an equal-weight rating. Of the 400 stocks 83% in this sector have hold ratings.

The consumer staples sector is 18.6% overvalued with an overweight rating. Of the 260 stocks 49.6% in this sector have buy or strong buy ratings.

The industrial products sector is 24.9% overvalued with an underweight rating. Of the 346 stocks 43.6% in this sector have sell or strong sell ratings.

The medical sector is 21.6% overvalued with an equal-weight rating. Of the 777 stocks 58.3% in this sector have hold ratings.

The oils-energy sector is 11.0% overvalued with an underweight rating. Of the 551 stocks 31% in this sector have sell or strong sell ratings.

The retail-wholesale sector is 28% overvalued with an overweight rating. Of the 346 stocks 78.9% in this sector have buy or strong buy ratings.

Five of the 11 stocks in today's table have buy ratings. Four have hold ratings, one has a sell rating, and one has a strong sell rating. Seven of the 11 stocks are overvalued by 11.7% to 57.5%. One is down 52.6% over the last 12 months, while eight have gains between 23.3% and 88.6%. Only one stock is below its 200-day simple moving average with one at its 200-day, and nine above, which reflects the risk of reversion to the mean.

Reading the Table

OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.

Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

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.

Apache ( APA) ($89.13) set a multi-year high at $91.65 on Oct. 18. The hold rated oil and gas exploration company is above its 50-day SMA at $87.29 with a weekly pivot at $90.39 and monthly risky level at $91.43.

Cablevision ( CVC) ($16.20) had been below its 200-day SMA since Oct. 16, but closed just above its 200-day at $16.12 on Monday. The strong sell rated cable TV operator has a weekly value level at $15.15 with a monthly risky level at $18.48.

Disney ( DIS) ($68.85) set a multi-year high at $69.87 on Oct. 25. The hold rated entertainment giant and Dow component has a semiannual value level at $66.09 with a weekly risky level at $72.57.

Foster Wheeler ( FWLT) ($27.45) set a multi-year high at $28.44 on Oct. 22. The sell rated construction and engineering company that services the oil and gas industries has a semiannual value level at $25.86 with a quarterly risky level at $27.70, which failed to hold at the high.

Healthnet ( HNT) ($30.09) has been trading back and forth around its 200-day SMA at $30.09 since Oct. 28 and closed right on that level on Tuesday. The buy rated managed healthcare provider has a weekly pivot at $30.31 and an annual risky level at $32.54.

Molycorp ( MCP) ($4.93) set a multi-year low at $4.91 on Tuesday. The buy rated producer of rare earth oxides has a monthly risky level at $5.88.

Monster Beverage ( MNST) ($57.52) is trading above its 50-day and 200-day SMAs at $55.65 and $55.36. The buy rated distributor of energy drinks has a weekly value level at $55.61 with a semiannual risky level at $61.40.

Nvidia ( NVDA) ($14.80) has been below its 50-day SMA at $15.40 since Oct. 25 with its 200-day SMA at $14.06. The buy rated supplier of 3D graphics processors has a monthly value level at $11.54 with a quarterly pivot at $15.64 and a weekly risky level at $16.14.

Priceline ( PCLN) ($1082.23) set an all-time high at $1098.70 on Oct. 22 and is knocking on the door of this high pre-earnings. The buy rated e-commerce pricing service company has a quarterly value level at $1022.97 with a monthly pivot at $1077.01 and weekly risky level at $1103.45.

Rockwell Automation ( ROK) ($108.79) set a multi-year high at $112.26 on Oct. 31. The hold rated provider of industrial automation systems has a quarterly value level is $101.69 with a semiannual pivot at $111.04 and a quarterly risky level at $112.01.

Visteon ( VC) ($76.76) set a multi-year high at $79.62 on Oct. 22. The hold rated auto parts supplier has a quarterly value level at $70.52 with a monthly pivot at $77.36 and weekly risky level at $78.33.

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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