Boeing, Mattel, Seven Others Whacked After Earnings

NEW YORK (TheStreet) -- Nine companies were taken to the woodshed following earnings disappointments.

Shares of Boeing (BA) fell 11.6% after it reported its fourth-quarter results. The Dow component had a sell rating, according to www.ValuEngine.com, and so the negative reaction to its earnings wasn't a surprise. Mattel (MAT) reported disappointing holiday toy sales, and shares of the maker of Barbie Dolls fell 13.9%.

Apple Inc. (AAPL) ($512.59, down 6.1% since Jan. 24) beat earnings per share estimates by 46 cents, reporting earnings of $14.50 after-hours on Jan. 27.

Apple traded to a post-earnings low at $493.55 last Friday, staying above its 200-day simple moving average at $486.09. The weekly chart is negative with the stock below its five-week modified moving average at $528.74 with declining stochastics and its 200-week SMA at $434.64.

Apple had a buy rating pre-earnings, but now has a hold rating. It's 4.7% overvalued with a gain of 12% over the last 12 months. The upside is a return to my annual pivot at $517.05 with a monthly risky level at $540.05 and an annual risky level at $586.06.

Amazon.com (AMZN) ($346.45, down 9.9% since Jan. 29) missed EPS estimates by 20 cents as it reported earnings of 51 cents a share after-hours last Thursday.

Amazon traded to a post-earnings low at $337.73 on Wednesday, staying above its 200-day SMA at $321.29. The weekly chart is negative with the stock below its five-week MMA at $375.02 with declining stochastics and its 200-week SMA at $225.26.

Amazon had a hold rating pre-earnings, and on weakness has been upgraded to buy. The stock is 62.5% overvalued with a gain of 29.8% over the last 12 months. My annual value level is $334.95 with semiannual pivots at $351.24 and $339.11 and with quarterly and monthly risky levels at $402.56 and $407.77.

Boeing ($121.40, down 11.6% since Jan. 27) beat EPS estimates by 29 cents, as it reported earnings of $1.88 a share pre-market on Jan. 29.

The stock traded to a post-earnings low at $118.77 on Wednesday, staying above its 200-day SMA at $115.87. The weekly chart is negative with the stock below its five-week MMA at $131.75 with declining stochastics and its 200-week SMA at $80.74.

Boeing had a sell rating pre-earnings, and on weakness has been upgraded to hold. It's 10.2% overvalued with a gain of 60% over the last 12 months. My annual value levels are $102.41 and $98.66 with quarterly and semiannual pivots at $120.53, $117.06 and $123.73 and monthly risky level at $141.14.

Cirrus Logic (CRUS) ($17.51, down 10.8% since Jan. 27) beat EPS estimates by 11 cents as it posted earnings of 79 cents a share after-hours on Jan. 28.

Cirrus traded to a post-earnings low at $16.81 on Jan. 30, well below its 200-day SMA at $20.43. The weekly chart is negative with the stock below its five-week MMA and 200-week SMA at $19.12 and $21.30 with oversold stochastics.

Cirrus has a buy rating is 9.2% and is undervalued with a loss of 35.9% over the last 12 months. Annual and monthly pivots are $18.84, $20.72 and $21.72 and with annual and monthly pivots at $20.72 and $21.47 and semiannual and quarterly risky levels at $32.60, $33.31 and $34.07.

Citrix Systems (CTXS) ($53.97, down 8.1% since Jan. 28) beat EPS estimates by 8 cents as it reported earnings of 87 cents a share after-hours on Jan. 29.

Citrix traded to a post-earnings low at $51.18 on Jan. 30, well below its 50-day and 200-day SMAs at $59.29 and $63.89. The weekly chart is negative with the stock below its five-week MMA at $58.08 with declining stochastics and its 200-week SMA at $66.99.

Citrix has a buy rating is 13.7% and is undervalued with a loss of 26.4% over the last 12 months. Monthly and annual risky levels are $60.34, $68.20 and $71.60.

Chevron (CVX) ($109.52, down 5.6% since Jan. 29) missed EPS estimates by a penny, as it reported earnings of $2.57 a share premarket last Friday.

Chevron traded to a post-earnings low at $109.27 on Wednesday, well below its 200-day SMA at $121.48. The weekly chart is negative with the stock below its five-week MMA at $116.97 with declining stochastics and the 200-week SMA at $104.06.

Chevron has a hold rating is 12.6% and is overvalued with a loss of 5.4% over the last 12 months. The stock is below monthly, quarterly and annual risky levels at $116.52, $126.02 and $126.80.

Ford Motor (F) ($14.73, down 6.9% since Jan. 24) beat EPS estimates by 3 cents, as it reported earnings 31 cents a share premarket on Jan. 28.

Ford traded to a post-earnings low at $14.40 on Monday, below its 200-day SMA at $16.21. The weekly chart is negative with the stock below its five-week MMA at $15.67 with declining stochastics and its 200-week SMA at $13.25.

Ford had a hold rating pre-earnings and now has a sell rating and is 15.4% overvalued with a gain of 11.8% over the last 12 months. My annual value level is $14.04 with monthly, quarterly and semiannual pivots at $16.53, $16.18 and $16.73 and a semiannual risky level at $19.45.

Mattel ($36.46, down 13.9% since Jan. 29) missed EPS estimates by 13 cents, as it reported earnings of $1.07 a share premarket last Friday.

Mattel traded to a post-earnings low at $35.85 on Monday, well below its 200-day SMA at $43.97. The weekly chart is negative with the stock below its five-week MMA at $42.07 with declining stochastics and the 200-week SMA at $32.47.

Mattel has a hold rating is 1.4% and is overvalued with a loss of 7.4% over the last 12 months. My annual value level is $31.82 with monthly and annual risky levels at $40.50 and $42.55.

Exxon Mobil (XOM) (89.58, down 6.3% since Jan. 28) beat EPS estimates by a penny, as it reported earnings of $1.91 a share premarket last Thursday.

Exxon traded to a post-earnings low at $89.38 on Wednesday, below its 200-day SMA at $91.78. The weekly chart is negative with the stock below its five-week MMA at $94.79 with declining stochastics and its 200-week SMA at $81.89.

Exxon has a hold rating is 11.2% and is overvalued with a loss of 0.2% over the last 12 months. My semiannual pivot is $91.91 with a monthly pivot at $93.07 and quarterly, semiannual and annual risky levels at $97.28, $100.97 and $108.77.

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

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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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