11 Earnings Preview: CBS, Cheesecake Factory, Cisco, Deere

NEW YORK (TheStreet) -- Today's pre-earnings buy-and-trade profiles includes four computer and technology sector companies with a focus on networking giant and Dow component Cisco Systems (CSCO) reporting after-hours tomorrow. Another focus stock is agriculture equipment giant Deere  (DE)reporting premarket tomorrow.

Four stocks in the computer and technology sector have an overweight rating. Two stocks in the retail-wholesale sector have an overweight rating.

Applied Materials (AMAT) ($17.18): Analysts expect the company to report earnings of 22 cents a share afterhours Wednesday. The stock set a 2014 high at $18.08 on Jan. 15 then traded down to $16.40 on Jan. 31 staying above its 200-day simple moving average at $16.39. The weekly chart shifts to negative on a close this weekly below its five-week modified moving average at $17.22 with its 200-week SMA at $13.26. The stock has a gain of 29.2% over the last 12 months. Semiannual value levels are $15.48 and $13.38 with quarterly, weekly and monthly risky levels at $17.69, $17.86 and $18.19.

Cheesecake Factory (CAKE) ($44.92): Analysts expect earnings of 58 cents a share afterhours Wednesday. The stock set an all-time intraday high at $49.74 on Nov. 22 then traded as low as $42.73 on Feb. 5 vs. its 200-day SMA at $44.08. The weekly chart is negative with the five-week MMA at $45.74 and its 200-week SMA at $33.15. The stock has a gain of 29.9% over the last 12 months. My annual value levels are $24.95 and $22.45 with semiannual risky levels at $47.16 and $48.80.

CBS (CBS) ($60.59): Analysts expect earnings of 76 cents a share afterhours today. The stock set 2014 low at $55.71 on Feb. 3 staying above its 200-day SMA at $54.91. The weekly chart shifts to negative on a close this week below its five-week MMA at $60.21 with its 200-week SMA at $33.25. The stock has a gain of 42.5% over the last 12 months. My semiannual value level is $56.64 with a semiannual pivot at $60.35 and monthly and quarterly risky levels at $63.36 and $65.59.

Cisco ($22.83): Analysts expect the company to earn 41 cents a share afterhours on Wednesday. The stock set a 2014 high at $23.00 on Jan. 15 then fell to $21.40 on Feb. 4 staying below the 200-day SMA at $23.24. The weekly chart is positive with its five-week MMA at $22.30 and its 200-week SMA at $20.13. The stock has a gain of 4.1% over the last 12 months. Monthly and semiannual value levels are $21.82 and $21.96 with annual risky levels at $23.38 and $26.76.

Deere ($87.36): Analysts expect the company to earn $1.51 a share premarket on Wednesday. The stock traded down from $91.58 on Dec. 26 to $83.41 on Feb. 5 and is above its 200-day SMA at $85.20. The weekly chart is neutral with its five-week MMA at $87.20 and its 200-week SMA at $80.64. The stock has a loss of 6.1% over the last 12 months. My monthly value level is $81.49 with weekly and quarterly risky levels at $89.53 and $91.97.

Met Life (MET) ($48.56): Analysts expect the company to earn $1.30 a share afterhours on Wednesday. The stock traded to a multiyear intraday high at $54.70 on Jan. 10 then traded as low as $46.98 on Feb. 3 vs. its 200-day SMA at $48.18. The weekly chart is negative with the five-week MMA at $50.48 and its 200-week SMA at $39.86. The stock has a gain of 33% over the last 12 months. My annual value level is $41.50 with semiannual and annual pivots at $49.11, $47.90 and $48.89 with quarterly and monthly risky levels at $51.97 and $53.31.

Netease (NTES) ($72.39): Analysts expect the company to earn $1.41 a share afterhours on Wednesday. The stock set an all-time intraday high at $84.35 on Jan. 9 then declined to $68.92 on Feb. 5 staying above its 200-day SMA at 68.28. The weekly chart is negative with the five-week MMA at $74.47 and its 200-week SMA at $51.09. The stock has a gain of 49.4% over the last 12 months. My semiannual value levels are $68.95 and $62.28 with monthly and quarterly risky levels at $77.87 and $80.34.

 

Nvidia (NVDA) ($15.92): Analysts expect the company to earn 18 cents a share afterhours on Wednesday. The stock set a 2014 high at $16.44 on Jan. 8 then traded down to $15.32 on Feb. 5 staying above its 200-day SMA at $15.06. The weekly chart is positive with its five-week MMA at $15.74 and its 200-week SMA at $14.41. My quarterly value level is $14.87 with a monthly pivot at $15.97.

Valspar (VAL) ($70.74): Analysts expect the company to earn 67 cents a share premarket on Wednesday. The stock set a 2014 high at $73.74 on Jan. 9 then slumped to $66.94 on Feb. 5 but is back above its 200-day SMA at $68.18. The weekly chart is neutral with the five-week MMA at $70.69 and its 200-week SMA at $48.46. The stock has a gain of 6.7% over the last 12 months. My monthly value level is $64.07 with a semiannual pivot at $70.27 and semiannual risky level at $75.48.

 

Wellcare Health (WCG)($63.38): Analysts expect the company to earn $1.16 a share premarket on Wednesday. The stock set a 2014 high at $73.44 on Jan. 15 then traded down to $61.79 on Feb. 10 below its 200-day SMA at $64.19. The weekly chart is negative with the five-week MMA at $66.59 and its 200-week SMA at $49.96. Wellcare has a gain of 17.3% over the last 12 months. My annual value levels are $57.19 and $55.41 with a semiannual pivot at $64.56 and quarterly and semiannual risky levels at $70.66 and $75.35.

Whole Foods Market (WFM)($54.96): Analysts expect the company to earn 44 cents after hours on Wednesday. The stock set a 2014 low at $50.62 on Jan. 27 below its 200-day SMA at $55.17. The weekly chart shifts to positive with a close this week above its five-week MMA at $54.43 with its 200-week SMA at $38.85. The stock has a gain of 15.1% over the last 12 months. My weekly value level is $52.73 with a monthly risky level at $59.34.

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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