NEW YORK (TheStreet) -- Today's buy-and-trade earnings previews focus on six companies in three sectors that report quarterly results on Wednesday including agricultural and construction equipment maker Deere (DE) and the competitor of Dow component Home Depot (HD), home improvement company Lowes (LOW).The six stocks include four in the retail-wholesale sector, and one each in the consumer staples sector and the industrial products sector. The consumer staples sector is 23.9% overvalued with an overweight rating. Of the 260 stocks 41.9% in this sector have buy or strong buy ratings.
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. Deere ( DE) ($83.66) set its 52-week low at $79.50 on June 24 with the stock below its 200-day SMA since June 11 with that average overhead at $85.36. The hold rated construction and agricultural equipment company is above its 50-day SMA at $82.99 with my weekly value level at $81.46 and quarterly risky level at $99.43. GMCR) ($63.41) has been below its 200-day SMA at $67.50 since Oct. 17. The buy rated gourmet coffee producer has an annual value level at $59.34 with a semiannual pivot at $63.42 and semiannual risky level at $66.94. Lowes ( LOW) ($50.89) set a multi-year high at $52.08 on Friday. The buy rated home improvement retailer has a monthly value level at $50.05 with a weekly pivot at $50.92 and quarterly risky level at $52.88. L Brands ( LTD) ($64.30) set a multi-year high at $65.37 on Thursday. The buy rated retailer of women's intimate apparel has a quarterly value level at $60.00 with a semiannual pivot at $63.35. Smucker ( SJM) ($108.91) set a multi-year high at $114.72 on Aug. 6 then traded as low as $103.80 on Oct. 2. The hold rated maker of jellies and jams has a semiannual value level at $102.37 with a quarterly pivot at $109.33 and monthly risky level at $116.39. SPLS) ($15.48) set a multi-year high at $17.30 on Aug. 13 then traded as low as $13.72 on Sept. 3, which was just below the 200-day SMA. The rebound to $16.67 into Nov. 1 filled the gap to the Aug. 19 low at $16.39. The buy rated retailer of office supplies has a quarterly value level at $14.40 with a weekly pivot at $16.14 and annual risky level at $16.68.
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.