During this time frame, the S&P 500 500 Index set an all-time high at 1991.39 on July 24. The S&P is up 3.9% year to date and 3.6% off its record high.
The five momentum stocks are members of the Nasdaq Composite Index, which set a multiyear intraday high at 4485.93 on July 3. The Nasdaq is 2.9% below its July 3 high and is up 4.3% year to date.
Here are the updated profiles, followed by the latest "Crunching the Numbers" tables.
Apple ($94.96) set a 52-week intraday high at $99.44 on July 29, and is now between its 50-day simple moving average at $93.71 and its 21-day SMA at $95.87.
The weekly chart remains positive but overbought with the five-week modified moving average at $93.67 with its split-adjusted all-time intraday high at $100.72 set on Sept. 21, 2012. Monthly and annual value levels are $89.84 and $81.33, respectively, with a semiannual pivot at $95.32 and weekly and semiannual risky levels at $96.18 and $102.39, respectively.
Amazon ($313.89) traded as high as $364.85 on July 24, before the company reported financial results that were below analysts' estimates.
On July 25, Amazon opened below all daily moving averages and went as low as $304.59 on Aug. 1, which was well below its 200-day simple moving average at $349.71.
The weekly chart is negative with its five-week MMA at $324.84 and its 200-week SMA at $251.25. Investors could have reduced positions at a semiannual risky level at $344.38. Monthly and annual value levels are $279.94 and $259.67, respectively, with weekly and annual risky levels at $328.48 and $354.05, respectively. Not shown in the second "crunching the numbers" table is the semiannual risky level at $344.36.
Google ($574.49) traded as high as $608.91 on July 24, even though on July 17, the company reported quarterly results that were below estimates. Google is below its 50-day SMA at $579.28 and above its 200-day SMA at $560.69.
The weekly chart shifts to negative given a close on Friday below its five-week MMA at $579.81. Annual value levels remain at $522.17 and $489.53 with semiannual and weekly risky levels at $589.86 and $600.78, respectively. This month's risky level at $614.60 is not shown in the second "crunching the numbers" table.
Netflix ($430.30) has been trading sideways to down since setting an all-time intraday high at $475.87 on July 2.
The company reported slightly higher-than-expected earnings on July 21, but the stock opened lower on July 22 and traded as low as $412.51 on Aug. 1. The stock is below its 50-day SMA at $435.36 and above its 200-day SMA at $386.40.
The weekly chart shifts to negative given a close on Friday below its five-week MMA at $428.17. Semiannual value levels remain at $359.04 and $341.57 with a monthly pivot at $431.70 and weekly and quarterly risky levels at $445.38 and $472.26, respectively. Note that investors could have booked profits on strength to $472.26 on July 2.
Tesla Motors ($248.93) held above its 50-day SMA at $212.86 on July 17, and then gained upward momentum after it reported better-than-expected earnings on July 31.
The stock traded as high as $251.42 on Wednesday, which was still shy of its all-time intraday high set at $265 on Feb.26. Note that the low at $177.22 on May 9 held its 200-day SMA which is now up to $192.95.
The weekly chart is positive with its five-week MMA at $227.61. Weekly and quarterly value levels are $242.60 and $227.65, respectively, with this month's risky level at $283.76.
Crunching the Numbers with Richard Suttmeier: Moving Averages & Stochastics
This table provides the technical status for the stocks profiled in today's report.
The 12-month trailing earnings per share and the dividend yield are shown.
There are five columns with moving average titles: Five-Week Modified Moving Average, 21-Day Simple Moving Average, 50-Day Simple Moving Average, 200-Day Simple Moving Average and the 200-Week Simple Moving Average.
The column labeled 12x3x3 Weekly Slow Stochastics shows the pattern on each weekly chart with readings from Oversold, Rising, Overbought, Declining or Flat.
Interpretations: (stocks below a moving average listed in Red are below that moving average)
Five-Week Modified Moving Average (MMA) is one of two indicators that define whether or not a weekly chart profile is positive, neutral or negative. The other is the status of the 12x3x3 weekly slow stochastic.
A stock with a positive technical rating is above its five-week MMA with rising or overbought stochastics.
A stock with a negative technical rating is below its five-week MMA with declining or oversold stochastics.
A stock with a neutral technical rating has a profile that is not positive or negative.
The 200-Week Simple Moving Average (SMA) is considered a long-term technical support or resistance and as a "reversion to the mean" over a rolling three- to five-year horizon.
The 21-Day Simple Moving Average is a short-term technical support or resistance used by many hedge fund traders to adjust positions. A stock above its 21-day SMA will likely move higher over a rolling three to five day horizon and vice versa.
The 50-Day Simple Moving Average is also a technical support or resistance used by many strategists and commentators in financial TV.
The 200-Day Simple Moving Average is another technical support or resistance and I consider this level as a shorter-term "reversion to the mean" over a rolling six to 12-month horizon.
Crunching the Numbers with Richard Suttmeier: Earnings & Where to Buy & Where to Sell
The date earnings were reported, the beat or miss and the reported earnings per share.
This table presents the levels at which to buy on weakness and where to sell on strength.
Value Levels, Pivots and Risky Levels are calculated based upon the last nine weekly closes (W), nine monthly closes (M), nine quarterly closes (Q), nine semiannual closes (S) and nine annual closes (A). I have one column for pivots, which is a magnet for the period shown. The columns to the left of the pivots are first and second value levels. The columns to the right of the pivots are first and second risky levels.
Investors who wish to buy a stock should use a good-until-canceled GTC limit order to buy weakness to a value level. Investors who want to sell a stock should use a GTC limit order to sell strength to a risky level.
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
TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- This stock has managed to rise its share value by 66.29% over the past twelve months. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- Despite its growing revenue, the company underperformed as compared with the industry average of 19.5%. Since the same quarter one year prior, revenues rose by 10.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- TESLA MOTORS INC's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TESLA MOTORS INC continued to lose money by earning -$0.71 versus -$3.70 in the prior year. This year, the market expects an improvement in earnings ($1.20 versus -$0.71).
- Net operating cash flow has declined marginally to $60.64 million or 5.36% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Automobiles industry. The net income has significantly decreased by 542.7% when compared to the same quarter one year ago, falling from $11.25 million to -$49.80 million.
- You can view the full analysis from the report here: TSLA Ratings Report