NEW YORK (TheStreet) - Last week I covered 12 regional banks and eight other companies with pre-earnings buy-and-trade profiles. I will provide a scorecard for banks next Monday as five more regional banks report quarterly results this week. Today's scorecard covers the eight other stocks that reported quarterly results last that I covered pre-earnings on Jan. 13 in CSX, GE, Goldman and Intel Earnings Preview.
The stock market has been difficult for stock pickers as 84.5% of all stocks are overvalued according to www.ValuEngine.com with 52.1% overvalued by 20% or more. In addition all five of the major equity averages are overbought technically. In this environment stocks that miss earnings or offer weaker-than-expected guidance can get hit with significant percentage losses almost instantaneously.
Last week's biggest winner was Morgan Stanley (MS) with a week's gain of 6.7% while the biggest loser was railroad CSX Corp (CSX) which derailed by 5.7% on the week after setting a new all time high pre-earnings.
Here are my post-earnings buy-and-trade profiles for the eight stocks that I profiled last Monday:
American Express (AXP) ($90.97 vs. $88.55 on Jan. 10 up 2.7%) missed analysts' estimates by a penny, earning $1.25 per share afterhours on Jan.16. The stocks shrugged off the miss, trading to a new all-time intraday high at $93.62 on Friday. The weekly chart remains positive but overbought with its five-week modified moving average at $87.27 and 200-week simple moving average at $55.91. Amex maintains a hold rating and is 35% overvalued with a gain of 49.8% over the last 12 months. My semiannual value level is $82.46 with a semiannual pivot at $88.58, and monthly and quarterly pivots at $91.75 and $92.74.