6 Earnings Profiles: Amazon, Chipotle, Google, More

NEW YORK (TheStreet) -- The stock market has suffered to the downside so far this week, and traders seem to have ignored better-than-expected earnings results while focusing instead on forecasts.

Today's pre-earnings buy-and-trade profiles include six companies representing four sectors -- a group that includes one member of the 30-stock Dow Jones Industrial Average. My headline stocks are three I've covered as they surged to new all-time highs in 2013 and into 2014.

Amazon (AMZN) set its all-time intraday high at $408.06 on Jan. 22. Chipotle Mexican Grill (CMG) set its all-time intraday high at $550.28 on Nov. 18. Google (GOOG) set its all-time intraday high at $1167.89 on Jan. 22. All three report after hours today.

Two of the stocks profiled today are in the computer and technology sector, which is 30.2% overvalued with an overweight rating, as 51.6% of the 1,125 stocks in the sector have buy or strong buy ratings.

Two stocks are in the retail wholesale sector, which is 18.1% overvalued with an overweight rating, as 82.5% of the 342 stocks in the sector have buy or strong buy ratings.

Amazon ($384.20): Analysts expect the company to earn 71 cents a share after hours today, Jan. 30. The stock ended Wednesday, Jan. 29, below its 50-day simple moving average at $396.31 with its 200-day SMA at $318.90. The weekly chart shifts to negative with a weekly close below its five-week modified moving average at $387.76 with declining stochastics and its 200-week SMA at $224.36. Amazon has a hold rating and is 68.2% overvalued with a gain of 47.6% over the last 12 months. My semiannual and annual value levels are at $359.11, $351.24 and $334.95 with a quarterly pivot at $402.56.

Broadcom (BRCM) ($28.69): Analysts expect the company to earn 38 cents a share after hours today, Jan. 30. The stock traded to a 2014 high at $30.25 on Jan. 22, then declined to $28.30 on Jan. 29. It is between its 50-day SMA at $28.32 and its 200-day SMA at $29.81. The weekly chart shifts to negative on a weekly close below its five-week MMA at $28.59 with declining stochastics and its 200-week SMA at $34.35. Broadcom has a buy rating and is 7% undervalued with a loss of 14.9% over the last 12 months. My monthly value level is $22.06 with annual semiannual and quarterly risky levels at $32.13, $35.10 and $36.11.

Chipotle ($484.50): Analysts expect the company to earn $2.51 a share after hours today, Jan. 30. The stock traded to its 2014 high at $548.24 then declined to $480.87 on Jan. 29, with the 200-day SMA at $438.07. The weekly chart is negative with the stock below its five-week MMA at $512.02 with declining stochastics and its 200-week SMA at $315.90. Chipotle has a buy rating and is 10.2% overvalued, with a gain of 56.3% over the last 12 months. My quarterly value level is $461.71, with a semiannual pivot at $510.69 and semiannual risky level at $601.33.

Chevron (CVX) ($116.00): Analysts expect the company to earn $2.61 a share premarket on Friday, Jan. 31. Chevron represents the oils-energy sector, which is 10.8% overvalued with an equal-weight rating, as 62.1% of the 538 stocks in the sector have hold ratings. The stock declined from its Dec. 27 high at $125.65 down to $115.71 on Jan. 29, below its 50-day and 200-day SMAs at $121.64 and $121.58. The weekly chart stays negative, with a weekly close below its five-week MMA at $119.71 with declining stochastics and the 200-week SMA at $103.94. Chevron has a hold rating and is 16.3% overvalued with a loss of 1.0% over the last 12 months. The stock is below quarterly and annual risky levels at $126.02 and $126.80.

Google ($1,106.92): Analysts expect the company to earn $10.34 a share after hours today, Jan. 30. The stock traded to an all-time intraday high at $1,167.89 on Jan. 22, then fell to $1082.27 on Jan. 27 and is above its 50-day and 200-day SMAs at $1,094.49 and $944.81. Google traded up 2.2% after hours to $1,131.00 on Jan. 29 after announcing that it was selling its Motorola assets to Lenovo for $2.9 billion, after paying $12.5 billion for the phone maker in 2011. The weekly chart is positive, with its five-week MMA at $1,100 49 with overbought stochastics and the 200-week SMAs at $676.00. Google has a hold rating and is 39.3% overvalued with a gain of 46.9% over the last 12 months. Annual value levels are $1043.3 and $978.09.

Mattel (MAT) ($42.36): Analysts expect the company to earn $1.20 a share premarket on Friday, Jan. 31. The toy maker represents the consumer discretionary sector, which is 25.3% overvalued with an equal-weight rating, as 85.1% of the 390 stocks in the sector have hold ratings. The stock declined from a Dec. 30 high at $47.94 with a low of $42.13 on Jan. 29, below its 50-day and 200-day SMAs at $45.39 and $44.12. The weekly chart is negative, with the five-week MMA at $44.37 with declining stochastics and the 200-week SMA at $32.42. Mattel has a hold rating and is 2.9% overvalued with a gain of 13.7% over the last 12 months. My annual value level is $31.82, with an annual pivot at $42.55 and semiannual risky levels at $47.01 and $49.21.

At the time of publication the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff

Richard Suttmeier is the chief market strategist at 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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