Netflix Zooms Past Tesla

NEW YORK (TheStreet) -- The eight momentum stocks I track can swing a lot on earnings reports.

Consider that when I wrote Netflix Lags as Tesla Leads Momentum Race, Tesla  (TSLA) was leading the 2014 momentum race with a year-to-date gain of 9.1% and Netflix (NFLX) was in last place, down 10.3%. Since Jan. 15, Tesla -- which reported on Jan. 22 --- is up 13.6%, while Netflix -- which will report on Feb. 19 -- has surged 30.1% to move into first place in year-to-date price gains among the eight momentum stocks.

Analysts expect Tesla to report earnings per share of 4 cents. We will then see if the stock can retake the lead in the momentum race.

Netflix beat analysts' estimates by 14 cents, earning 79 cents a share in the quarter ended in December. Netflix shares gapped higher the next day and have yet to look in the rearview mirror as the stock reached another all-time intraday high at $430.50 on Friday.

Here are my buy-and-trade profiles for my eight momentum stocks:

Apple (AAPL) ($519.68 vs. $557.36 on Jan. 15, down 6.8%) reported its quarterly results on Jan. 27, and beat EPS estimates by 46 cents, earning $14.50 a share.

There was a negative reaction to some of the details presented in the earnings report, and the stock gapped lower on Jan. 28. It traded as low as $493.55 on Jan. 31, but stayed above its 200-day simple moving average at $487.19. The weekly chart is negative with Apple's five-week modified moving average at $530.16 and the 200-week SMA at $434.68.

Apple has recently been downgraded to hold from buy by www.ValuEngin.com and is 6.2% overvalued with a gain of 11% over the last 12 months. My weekly value level is $514.40 with an annual pivot at $517.05 and monthly and annual risky levels at $540.05 and $586.06. Above are my new semiannual risky levels at $657.40 and $666.94.

Amazon  (AMZN) ($361.08 vs. $395.87 on Jan. 15, down 8.8%) reported its quarterly results on Jan. 30 and missed EPS estimates by 20 cents, earning 51 cents a share.

The stock gapped lower on Jan. 31, and traded as low as $337.73 last Wednesday, staying above its 200-day SMA at $322.18. The weekly chart is negative with its five-week MMA at $377.94 and its 200-week SMA at $225.34.

Amazon's share price weakness resulted in an upgrade to buy from hold with the stock overvalued by 69.6% and with a gain of 38.8% over the last 12 months. The stocks 12-month trailing price-to-earnings ratio remains extremely elevated at 598.5. My annual value levels are $334.95 and $259.67 with semiannual pivots at $351.11 and $359.11 with quarterly and monthly risky levels at $402.56 and $407.77 vs. the all-time intraday high set at $408.06 on Jan. 22.

Chipotle (CMG) ($549.29 vs. $532.25 on Jan. 15, up 3.2%) reported its quarterly results on Jan. 30, and beat EPS estimates by a penny, earning $2.53 a share.

The stock popped to a new all-time intraday high at $568.90 on Jan. 31, gapping above its 50-day SMA at $524.34. The weekly chart is neutral with the five-week MMA at $530.26 and the 200-week SMA at $318.38.

Chipotle maintained a buy rating and is 22.2% overvalued with a gain of 72.5% over the last 12 months. My quarterly value level is $461.71 with a semiannual pivot at $510.69 and monthly and semiannual risky levels at $594.81 and $601.33.

Google (GOOG) ($1,177.44 vs. $1,148.62 on Jan. 15, up 2.5%) reported its quarterly results on Jan. 30, and missed EPS estimates by 42 cents, earning $9.92 a share.

Traders and investors liked what the company had to say and the stock popped to an all-time intraday high at $1,186.54 on Jan. 31, staying above its 50-day SMA at $1,111.37. The weekly chart is positive but overbought with its five-week MMA at $1,127.7 and the 200-week SMA at $679.42.

Google continues to have a hold rating and is 47.1% overvalued and is up 52.1% over the last 12 months. Annual and quarterly value levels are $1,043.30, $978.09 and $1,015.23 with a monthly pivot at $1,142.95 and a weekly risky level at $1,220.19.

LinkedIn (LNKD) ($209.59 vs. $216.00 on Jan. 15, down 3%) reported its quarterly results on Thursday and missed EPS estimates by 3 cents, earning 5 cents a share.

The stock flipped from being above its 200-day SMA at $213.58 on Thursday to below it on Friday with a two-day range of $225 down to $201.98. The weekly chart is neutral with the stock below its five-week MMA at $217.16.

LinkedIn had a buy rating, but was downgraded to hold and has a gain of 68.9% over the last 12 months. The stock has an elevated 12-month trailing P/E ratio at 628.8. My weekly value level is $200.23 with quarterly and monthly risky levels at $265.34 and $268.72.

Netflix ($429.98 vs. $330.38 on Jan. 15, up 30.1%) gapped higher on Jan. 23 and set an all-time intraday high at $430.50 on Friday. The stock flipped from below its 50-day SMA at $368.14 on Jan. 22 to above it on Jan. 23. The weekly chart is positive with its five-week MMA at $378.70 and its 200-week SMA at $173.17.

Netflix, which had a strong buy rating, now has a buy rating and is 2.8% overvalued with a gain of 136.3% over the last 12 months. The stock has an elevated 12-month trailing P/E ratio at 188.6. Semiannual and quarterly value levels are $328.21 and $325.48 with a monthly pivot at $423.48.

Priceline  (PCLN) ($1,195.39 vs. $1,172.86 on Jan.15, up 1.9%), which will report quarterly results on Feb. 20, is expected to post earnings of $7.66 a share. The stock set an all-time intraday high at $1,214.97 on Jan. 23 and then dipped to $1,103.90 last Wednesday. The weekly chart is neutral with its five-week MMA at $1162.45 with its 200-week SMA at $612.37.

Priceline still has a buy rating and is 8.2% overvalued with a gain of 73.1% over the last 12 months. Semiannual and annual value levels are $1,113.17, $1,010.25 and $925.01 with a quarterly pivot at $1,192.75 and monthly risky level at $1,309.95.

Tesla Motors ($186.53 vs. $164.13 on Jan. 15, up 13.6%) set an all-time intraday high as $194.50 on Sept. 30, and then declined to $116.10 into Nov. 26. It's now nearing the high again with a 2014 high at $186.63 on Friday. The weekly chart is positive with its five-week MMA at $166.07.

Tesla has recently been upgraded to buy from hold and is 23.5% overvalued with a gain of 372.5% over the last 12 months. My quarterly value level is $142.81 with a weekly pivot at $183.53 and monthly risky level at $214.35.

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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