Forster Wheeler Surges to the Moon; Healthnet Heads to the Woodshed

NEW YORK ( TheStreet) -- Earnings volatility continued, following last Thursday's quarterly results from the 11 companies' pre-earnings that I profiled in my Disney and Priceline Headline Thursday's Earnings article on Nov. 6.

Construction company Foster Wheeler ( FWLT), which services the oil and gas industry, was the biggest winner -- despite having a sell rating, according to ValuEngine.com. On the opposite side of the spectrum, healthcare provider Healthnet ( HNT) cracked the earnings woodshed after gapping below its 200-day SMA.

Despite the article, yo-yo reactions to quarterly results continued and the mouse-house in the headline initially reacted to the downside, but then snapped back. The buy rated ecommerce website traded below a grand a share in afterhours trading but this weakness does not show up on the stock's price charts and the stock traded to a new all-time high yesterday.

Here's Today's Earnings Scorecard:

Apache ( APA) ($89.79) beat EPS estimates by 15 cents earning $2.32 a share premarket on Thursday, Nov. 7. The hold rated oil and gas-exploration company stayed above its 50-day SMA at $87.98 and traded between $88.13 and $91.10. Apache is 45.7% overvalued after gaining 14.3% over the last 12 months. This week's pivot is $90.88 with a monthly risky level at $91.43.

Cablevision ( CVC) ($15.35) beat EPS estimates by 15 cents earning 26 cents a share premarket on Friday, Nov. 8. The strong sell rated cable TV operator traded up to $16.48 then down to $14.65 where it was upgraded to hold. Cablevision is 52.7% overvalued after gaining 6.2% over the last 12 months. This week's value level is $14.65 with a quarterly pivot at $15.03 and a monthly risky level at $18.48.

Disney ( DIS) ($68.34) beat EPS estimates by a penny earning 77 cents a share in afterhours trading on Thursday, Nov. 7. The hold rated entertainment giant and Dow component traded down to $66.72 then up to $69.41. Disney is 26.1% overvalued after gaining 44.0% over the last 12 months. My semiannual value level is $66.09 with a weekly pivot at $67.60 and monthly risky level at $72.75.

Foster Wheeler ( FWLT) ($30.15) beat EPS estimates by 10 cents earning 52 cents a share premarket on Thursday, Nov. 7. The sell rated construction and engineering company that services the oil and gas industries gapped higher and traded to a new multi-year high at $30.68 on Friday, Nov. 8. Foster Wheeler is 29.4% overvalued after gaining 34.2% over the last 12 months. My semiannual value level is $25.86 with a quarterly pivot at $27.70 and weekly risky level at $30.78.

Healthnet ( HNT) ($27.87) beat EPS estimates by 24 cents earning 83 cents a share premarket on Thursday, Nov. 7. The buy rated managed healthcare provider traded up to $31.02 then cracked below its 200-day SMA at $30.13 down to $25.40 on their missed revenue. Healthnet is 16.1% overvalued after gaining 10.9% over the last 12 months. My weekly pivot is $28.29 with annual risky levels at $32.54 and $35.35.

Molycorp ( MCP) ($4.89) beat EPS estimates by a penny reporting a loss of 28 cents in afterhours trading on Thursday, Nov. 7. The buy rated producer of rare earth oxides rebounded slightly off a multi-year low set at $4.61 on Nov.7 and Friday's high was $5.08. Molycorp is 28.6% overvalued after falling 31.8% over the last 12 months. My weekly and monthly risky levels are $5.40 and $5.88.

Monster Beverage ( MNST) ($55.80) missed EPS by 4 cents earning 53 cents a share in afterhours trading on Thursday, Nov.7. The buy rated distributor of energy drinks was downgraded to hold and has been trading around its 50-day and 200-day SMAs at $55.56 and $55.54 on Nov. 8 trading down to a day's low at $54.41.Monster is 12.7% overvalued after gaining 23.6% over the last 12 months. My weekly pivot is $55.50 with a semiannual risky level at $61.40. Nvidia ( NVDA) ($15.69) matched EPS estimates earning 20 cents a share in afterhours trading on Thursday, Nov. 7. The buy rated supplier of 3D graphics processors snapped higher from a Nov. 7 close at $14.55 trading as high as $15.73 on Monday and closing above its 50-day SMA at $15.43. Nvidia is 28.1% overvalued after gaining 31.7% over the last 12 months. My weekly value level is $15.23 with a quarterly pivot at $15.64 and monthly and semiannual risky levels at $16.28 and $17.21.

Priceline ( PCLN) ($1096.50) beat EPS estimates by $1.03 earning $16.67 a share in afterhours trading on Thursday, Nov. 7. When I profiled the stock I was questioning whether or not the company would sustain the grand a share price point. After briefly dipping below a grand in afterhours trading, the buy rated e-commerce pricing service company snapped back above it. The Nov. 7 close at $1022.89 was above the 50-day SMA at $1020.05 and Monday's new all-time high was $1109.50. Priceline is 28.4% overvalued after gaining 73.1% over the last 12 months. My quarterly value level at $1022.97 held at the low then my monthly pivot at $1077.01 became a magnet. This week's risky level is $1124.02.

Rockwell Automation ( ROK) ($112.69) beat EPS estimates by 10 cents earning $1.62 a share in the premarket on Thursday, Nov. 7. The hold rated provider of industrial automation systems set a new multi-year high at $113.95 in reaction to this report. Rockwell is 36.1% overvalued after gaining 45.5% over the last 12 months. My quarterly value level is $101.69 with semiannual, quarterly and weekly pivots at $111.04, $112.01 and $113.67.

Visteon ( VC) ($75.67) missed EPS estimates by 2 cents earning $1.17 in the premarket on Thursday, Nov. 7. The hold rated auto parts supplier traded down to $72.85 then snapped back to its 50-day SMA at $75.24. Visteon is just 4.3% overvalued after gaining 52.4% over the last 12 months. My quarterly value level is $70.52 with monthly and weekly risky levels at $77.36 and $78.24.

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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