Ralph Lauren Soars While Chesapeake Sours After Quarterly Results

NEW YORK ( TheStreet) -- Earnings volatility continued following last Wednesday's quarterly results from the eight companies I profiled pre-earnings last Tuesday. Luxury retailer Ralph Lauren ( RL) was the biggest winner premarket gapping above its 200-day simple moving average, but by the end of the week this stock was back down to its 200-day. After opening higher Chesapeake Energy ( CHK) then fell below its 50-day SMA.

On Tuesday I wrote Humana and Molson Coors Earnings on Tap Wednesday and four of the eight stocks profiled had yo-yo reactions to their earnings results. The health care stock in the headline opened lower then snapped higher. The beer maker in the headline did the opposite setting a new multi-year high then cracked below its prior high. There were no upgrades and downgrades among these eight stocks according to www.ValuEngine.com.

Today's Earnings Scorecard

Chesapeake Energy ( CHK) ($25.71) beat EPS estimates by a penny earning 43 cents a share premarket on Wednesday. The stock opened higher but then broke below its 50-day SMA at $26.87 with a low of $25.19 on Tuesday. The hold rated oil and gas company has a semiannual value level at $24.77 with weekly and monthly risky levels at $27.09 and $27.19.

Humana ( HUM) ($95.19) beat EPS estimates by 15 cents earning $2.31 per share premarket on Nov. 6. The buy rated healthcare services provider opened to a day's low at $91.34 then snapped back above its 50-day SMA at $94.64 trading as high as $97.36. My annual value level at $91.58 held at the low with a monthly risky level at $102.71. Buy-and-trade investors had a trading opportunity with this buy rated stock.

Lamar Advertising ( LAMR) ($48.87) beat EPS estimates by a penny earning 19 cents a share premarket on Wednesday. The hold rated outdoor based advertising company set a new multi-year high at $50.16 in reaction to this report. My monthly value level is $44.73 with a semiannual pivot at $48.85 and a weekly risky level at $51.39. My semiannual pivot proved to be a magnet in a yo-yo reaction to earnings.

Qualcomm ( QCOM) ($67.45) missed EPS estimates by 5 cents earning 91 cents in afterhours trading premarket on Wednesday. The stock closed above $69 that day and cracked below its 50-day SMA at $68.19 on Thursday trading to a low of $66.25, as my semiannual value level at $67.26 became a pivot or magnet. The hold rated provider of digital wireless communications products has an annual value level at $64.58 with the semiannual pivot at $67.26, with a weekly pivot at $67.75 and quarterly risky level at $77.02.

Ralph Lauren ( RL) ($173.42) beat EPS estimates by 3 cents earning $2.23 per share on Wednesday. The stock snapped above its 200-day SMA at $172.79 to a high of $181.07 on Thursday then cracked back down to the 200-day. The hold rated maker of apparel, fragrances and home furnishings has a monthly value level at $169.46 and a quarterly risky level at $187.22.

Molson Coors ( TAP) ($53.79) beat EPS estimates by 9 cents earning $1.45 a share premarket on Wednesday. The buy rated global beer brewer foamed to a new multi-year high at $56.26 then flattened to $52.52 on Friday, which was a test of my quarterly value level at $52.68. My semiannual value level is $47.92 with quarterly and weekly pivots at $52.68 and $55.18 and monthly risky level at $56.85.

Tesoro ( TSO) ($50.09) missed EPS estimates by 5 cents earning 44 cents a share in afterhours trading on Wednesday. The hold rated petroleum refiner traded around my monthly pivot at $48.34 between $47.75 and $50.90 in reaction to this report. My weekly and semiannual values are $47.81 and $45.87 with the monthly pivot at $48.34 and annual risky level at $56.45.

Time Warner ( TWX) ($67.65) beat EPS estimates by 12 cents earning $1.01 a share premarket on Wednesday. The hold rated media and entertainment company traded to a new multi-year high at $70.77 then fell to a week's low at $65.02 on Friday as my quarterly pivot at $70.61 provided a magnet at the high. My semiannual value level is $63.73 with a quarterly pivot at $70.61 and a monthly risky level at $71.20.

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

If you liked this article you might like

Atlassian, AeroVironment, Granite Construction: 'Mad Money' Lightning Round

Atlassian, AeroVironment, Granite Construction: 'Mad Money' Lightning Round

The Bottom? Not So Fast: Cramer's 'Mad Money' Recap (Tuesday 2/6/18)

The Bottom? Not So Fast: Cramer's 'Mad Money' Recap (Tuesday 2/6/18)

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

These Stocks Are Getting Roughed Up in Tuesday's Market Selloff

These Stocks Are Getting Roughed Up in Tuesday's Market Selloff

Jim Cramer: Looking for Treasure in the Cellar

Jim Cramer: Looking for Treasure in the Cellar