Thursday Earnings Preview: Barrick Gold and Goldcorp

NEW YORK (TheStreet) -- Two of the companies that report quarterly results premarket on Thursday are gold miners Barrick Gold (ABX) and Goldcorp (GG) which are down by 39.4% and 24.2% respectively over the last 12 months. Both have been rebounding this year as the price of gold approaches its 200-day simple moving average at $1311.0.

On the opposite side of the ledger are two stocks from the auto-tires-trucks sector that have sizable gains over the last 12 months. The maker of vehicle power train applications Borg Warner (BWA) is up 45.9% while Goodyear Tire (GT) is up 72.7%.

Here are my buy-and-trade profiles for the ten companies of interest reporting premarket Thursday:

Barrick Gold ($19.57): Analysts expect the company to report earnings of 42 cents a share. The stock crossed above its 200-day SMA at $18.15 on Jan. 17 trading as high as $19.95 on Jan. 24. The weekly chart is positive with its five-week modified moving average at $18.62 and its 200-week SMA at $37.87. The stock has a loss of 40% over the last 12 months. My monthly value level is $15.00 with a weekly risky level at $19.98 and semiannual risky level at $30.11.

Apache (APA)($81.38): Analysts expect the company to report earnings of $1.84 a share. The stock has been below its 200-day SMA at $84.81 with a low of $77.31 on Feb. 5. The weekly chart is negative but oversold with its five-week MMA at $83.59 and its 200-week SMA at $94.90. The stock slipped by 2.9% over the last 12 months. My quarterly value level is $80.82 with a semiannual pivot at $83.38 and annual risky level at $111.91.

Bunge (BG) ($76.40): Analysts expect the company to report earnings of $2.14 a share. The stock has been below its 200-day SMA at $76.70 since Jan. 31 trading as low as $73.12 on Feb. 5. The weekly chart is negative with its five-week MMA at $78.20 and its 200-week SMA at $67.14. The stock has a slight gain of 3.8% over the last 12 months. My semiannual value levels are $72.01 and $71.53 with annual risky levels at $84.91 and $90.98.

Borg Warner ($54.67): Analysts expect the company to earn 71 cents a share. The stock traded to an all-time intraday high at $57.29 on Jan. 13 then declined to $50.83 on Feb. 4 staying above its 200-day SMA at $48.86. The weekly chart is neutral with its five-week MMA at $54.35 and its 200-week SMA at $36.78. The stock has a gain of 45.9% over the last 12 months. My semiannual pivot is $55.15 with a monthly risky level is $63.13.

Goldcorp ($26.75): Analysts expect the company to earn 23 cents a share. The stock moved above its 200-day SMA at $25.73 this week with gold below its 200-day SMA at $1311.0. The weekly chart is positive with its five-week MMA at $24.39 and its 200-week SMA at $39.61. The stock has a loss of 24.2% over the last 12 months. My monthly value level is $21.51 with a semiannual risky level at $32.82.

Goodyear Tire ($24.02): Analysts expect the company to earn 63 cents a share. The stock set a multiyear intraday high at $26.29 on Jan. 13 then declined to $22.33 on Feb. 5 staying well above its 200-day SMA at $19.70. The weekly is neutral with its five-week MMA at $23.60 and its 200-week SMA at $14.20. The stock has a gain of 72.7% over the last 12 months. My annual value levels are $18.75 and $17.47 with a monthly risky level at $27.25.

Jarden (JAH) ($61.78): Analysts expect the company to earn $1.31 a share. The consumer discretionary stock set an all-time intraday high at $64.01 on Jan. 14 then declined to $57.15 on Feb. 5. The weekly chart is neutral in a parabolic formation with its five-week MMA at $60.11 and its 200-week SMA at $31.17. The stock has a gain of 55.2% over the last 12 months. My semiannual value levels are $59.44 and $54.05 with quarterly risky level at $68.90.

Louisiana Pacific (LPX) ($17.19): Analysts expect the company to earn 3 cents a share. The stock traded below its 200-day SMA to a 2014 low at $16.18 on Feb. 5 and is back above the 200-day at $17.09. The weekly chart shifts to negative with a weekly close below its five-week MMA at $17.47 with its 200-week SMA at $12.06. The stock has a loss of 19% over the last 12 months. My monthly value level is $15.89 with semiannual pivots at $18.44 and $19.43 and quarterly risky level at $23.72.

Pepsico (PEP) ($81.25): Analysts expect the company to earn $1.01 a share. My nephew stocks Frito Lay products to four stores in West Palm Beach: two Publix, one Winn Dixie and one Wal-Mart. I always ask him for his sales numbers for the Super Bowl weekend, and this years total sales approached $45,000 as he was busy restocking shelves right through Sunday. The stock has been below its 200-day SMA at $82.37 since Jan 29 trading down to a 2014 low at $78.28 on Dec. 4. The weekly chart is negative with its five-week MMA at $81.72 and its 200-week SMA at $70.45. The stock has a gain of 12.3% over the last 12 months. My annual value levels are $80.28 and $78.70 with semiannual pivots at $83.60 and $84.52 and quarterly risky level at $85.31.

Molson Coors (TAP) ($53.29): Analysts expect the company to earn 72 cents a share. The stock briefly traded below its 200-day SMA at $51.88 to a low of $50.90 on Feb. 5. The weekly chart is negative with its five-week MMA at $53.78 and its 200-week SMA at $45.95. The stock has a gain of 21% over the last 12 months. My semiannual value levels are $49.76 and $49.37 with quarterly and monthly pivots at $52.89 and $53.91 and a weekly risky level at $55.40.

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

Follow @Suttmeier

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

More from Opinion

Elon Musk's Latest Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Latest Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Why Google's Search Momentum Won't Be Badly Hurt by New EU Rules

Why Google's Search Momentum Won't Be Badly Hurt by New EU Rules

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Time to Talk Tesla: What Happened This Week, Elon?

Time to Talk Tesla: What Happened This Week, Elon?