NEW YORK (TheStreet) -- Earnings volatility continued last week as six of the stocks previewed here last Monday in Cisco, Wal-Mart and Macy's Lead This Week's Earnings Parade moved higher by 1.6% to 10.6% as Macy's (M) led the parade of winners. To the downside four lost between 1.3% and 8.4% as Cisco Systems (CSCO) networked to the earnings woodshed as the biggest loser.Fundamentally the percentage of overvalued stocks reached a 2013 high at 85.4% with 55.4% overvalued by 20% or more. Technically all five major averages have positive but overbought weekly chart profiles. On Friday the Dow Industrial Average, S&P 500 and Dow transports set new all-time intra-day highs at 15,962.98, 1798.22 and 7211.61 respectively. The Nasdaq set a new multi-year high at 3985.97. The Russell 2000 stayed below its all-time intra-day high at 1123.26 set on Oct. 30.
Cisco Systems beat EPS estimates by a penny earning 48 cents a share on Wednesday. The company missed on revenue and gave cautious guidance and the stock, which closed at $24.00 on Wednesday crumbled to a low of $20.77 on Thursday and on the trip to the woodshed, fell below its 200-day SMA at $23.06. Following this weakness Cisco was upgraded to buy from hold according to www.ValuEngine.com. My weekly value level is $20.97 with an annual pivot at $22.76 and semiannual risky level at $23.47. Dean Foods ( DF) ($18.26) missed EPS estimates by a penny earning 12 cents a share on Tuesday. The stock ended Nov. 11 just below its 200-day SMA at $19.72 and traded down to $17.71. My monthly value level is $15.88 with a weekly pivot at $18.38 and quarterly risky level at $22.23. D R Horton ( DHI) ($19.59) missed EPS estimates by a penny earning 40 cents a share premarket on Tuesday. Despite the miss the homebuilder opened above its Nov. 11 close at $18.06 to a Friday high at $19.97 above its 50-day SMA at $19.18. On this rebound the stock has been downgraded to sell from hold. My weekly value is $17.90 with a monthly pivot at $20.21 and semiannual risky level at $20.83. Kinross Gold ( KGC) ($5.10) beat EPS estimates by a penny earning 4 cents a share in the afterhours on Wednesday. The gold miner opened Thursday above its 50-day SMA at $5.04 trading as high as $5.18 on Friday. My weekly value level is $4.69 with the 200-day SMA at $5.90 and my semiannual risky level at $6.23. Kohl's ( KSS) ($53.95) missed EPS estimates by 5 cents earning 81 cents a share premarket on Thursday. This retailer set a multi-year high at $59.00 on Wednesday and was set to the earnings woodshed on Thursday to a low of $53.03 before ending the week above its 50-day SMA at $53.75. My annual value level is $49.19 with an annual pivot at $54.80 and semiannual risky levels at $56.05 and $60.88. Macy's ($51.09) beat EPS estimates by 9 cents earning 47 cents a share premarket on Wednesday. Macy's big beat resulted in a huge gap higher as the stock paraded in a moon-shot from $46.33 at the Tuesday close to a new all-time high at $51.14 on Thursday. My weekly value level is $47.34 with a monthly pivot at $50.24 and semiannual risky level at $52.85.
NetApp ( NTAP) ($41.42) beat EPS estimates by 4 cents earning 52 cents a share in the afterhours on Wednesday. On Thursday the stock traded above its 50-day SMA at $41.43 to a day's high at $42.69 then dipped to $40.65 on Friday. My weekly value level is $38.81 with a quarterly pivot at $40.84 and monthly risky level at $43.33. My quarterly pivot acted as a magnet last week. Netease ( NTES) ($68.02) missed EPS estimates by 4 cents earning $1.31 a share in the afterhours on Wednesday. The stock which closed at $69.41 on Wednesday opened on Thursday with a low of $63.00 then rebounded to $68.03 on Friday as my semiannual level at $65.71 becomes the value level with a monthly risky level at $77.68. Wal-Mart ( WMT) ($79.22) beat EPS estimates by a penny earning $1.14 a share in the premarket on Thursday. The retail giant opened lower trading down to $77.68 on cautious comments on holiday shopping but the stock changed direction and traded to a day's high at $79.53. My weekly and semiannual value levels are $76.89 and $74.96 with a monthly risky level at $80.39. At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.