NEW YORK ( TheStreet) -- Today's post is the scorecard for the six retail-wholesale stocks that reported quarterly results in the afterhours Thursday and premarket Friday. Foot Locker ( FL) kicked the ball out of the park premarket on Friday setting a new multi-year high. On the opposite side of the ledger shares of Ross Stores ( ROSS) slumped after matching earnings expectatins and a cautious holiday spending outlook.The stock market remains extremely overvalued. ValuEngine shows that 85.5% of all stocks are overvalued with 57.7% overvalued by 20% or more. All 16 sectors are overvalued with 13 overvalued by 22.6% to 36.6%. The retail-wholesale sector is 30.6% overvalued with an overweight rating. Of the 344 stocks 79.9% in this sector have buy or strong buy ratings. PetSmart, Ross Stores Report Afterhours Thursday and all had buy ratings according to ValuEngine and they still have 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. ANN) ($36.01) beat EPS estimates by 2 cents earning 89 cents a share premarket on Friday. The buy rated retailer of upscale women's clothing set a new multi-year high at $37.40 and a low of $35.50 that day. My weekly value level is $34.24 with a monthly pivot at $37.93 and a quarterly risky level at $40.52. Foot Locker ($38.51) beat EPS estimates by a penny earning 68 cents a share premarket on Friday. The stock set a new multi-year high at $39.15 then dipped to $37.99 that day. The buy rated maker of athletic shoes has a semiannual value level at $36.94 with a semiannual risky level at $39.29. GPS) ($41.01) beat EPS estimates by a penny earning 72 cents a share in the afterhours on Thursday. The stock drifted lower but stayed above its 200-day SMA at $39.75. The buy rated retailer of casual apparel has a weekly value level at $38.04 with a monthly risky level at $46.25. Hibbet Sports ( HIBB) ($63.40) beat EPS estimates by a penny earning 66 cents a share premarket on Friday. The stock traded in a wide range of $63.95 down to $59.01 that day that set a new multi-year high at $64.56 on Monday. The buy rated sporting goods store has a monthly value level at $59.90 with a semiannual pivot at $62.67 and semiannual risky level at $68.73. PetSmart ( PETM) ($74.07) beat EPS estimates by 2 cents earning 88 cents a share premarket on Friday. The stock is just above its 50-day SMA at $73.61 on Monday after a Friday low at $71.77. The buy rated provider of pet supplies has a weekly value level at $70.27 with a semiannual pivot at $74.51 and monthly risky level at $74.93.
Ross Stores ($75.51) matched EPS estimates earning 80 cents a share in the afterhours on Thursday. The buy rated retailer of off-prices apparel and home accessories got crushed from its Thursday close at $80.26 to a low of $73.00 on Friday and closed Monday above its 50-day SMA at $75.31. The 200-day SMA is $66.84 with semiannual risky levels at $79.86 and $82.91. 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.