American Express Surges While IBM Goes to the Earnings Woodshed

TheStreet.com

NEW YORK (TheStreet) -- On Monday and Tuesday, I provided my buy-and-trade profiles for 19 companies in two posts.

On Tuesday, I wrote, Intel, Yahoo and Citigroup Headline Tuesday's Earnings, which included eight companies. Five beat earnings-per-share estimates, two missed and one matched.

On Wednesday, I wrote, Bank of America, eBay and IBM Headine Wednesday's Earnings, which included 11 companies, but one delayed its report. Of the 10 that reported, eight beat EPS estimates, one missed and one matched.

Here's today's earnings scorecard:

American Express ($80.23) beat EPS estimates by 3 cents with earnings of $1.25 a share. The hold-rated credit-card giant gapped higher trading to a multiyear high at $80.40 on Thursday. My weekly value level is $74.28, with a semiannual pivot at $78.27 and quarterly risky level at $81.05.

Bank of America ($14.66) beat EPS estimates by 10 cents, earning 28 cents a share. Helping earnings was a decline of $915 million in reserves for losses. Investors awarded the company even though it reported a quarterly decline of 11% in its mortgage-originations business to $22.6 billion The stock opened on Wednesday above its 50-day simple moving average at $14.29 and advanced to a high at $14.66 yesterday. This hold-rated "too big to fail" money-center bank has a weekly value level at $14.09 and a monthly risky level at $15.03.

Citigroup ($51.12) missed EPS estimates by 4 cents, earning $1 a share. Citigroup reduced reserves for losses by $675 million. This hold-rated "too big to fail" money-center bank reported a 26% decline in fixed-income revenue. The stock traded down to $48.76 on Tuesday, and then moved above its 50-day SMA at $49.78 on Wednesday, trading to a high of $51.22 yesterday. My semiannual value level is $47.14, with a weekly pivot at $48.66 and quarterly risky level at $52.56.

Commerce Bancshares ($45.89) beat EPS estimates by 3 cents, earning 75 cents a share. The stock held its 50-day SMA at $44.06 and rebounded to $45.99 on Thursday. The hold-rated community bank has a weekly value level at $42.83, with a quarterly pivot at $46.12 and semiannual risky level at $47.20.

CSX Corp ($25.37) beat EPS estimates by 4 cents, earning 46 cents a share. The sell-rated railroad stock opened higher on Wednesday at $26.21, and then slipped to $25.28 on Thursday. The 200-day SMA is $24.22, with a weekly pivot at $26.17 and quarterly risky level at $26.93.

eBay ($51.37) beat EPS estimates by a penny, earning 54 cents a share. The stock gapped lower on Thursday to a low of $50.23 on a lower outlook. The stock is below its 50-day and 200-day SMAs at $53.39 and $53.76. This buy-rated retail-wholesale stock has monthly and semiannual pivots at $50.79 and $51.69, with weekly and semiannual risky levels at $54.49 and $56.21.

IBM ($174.83) beat EPS estimates by 3 cents a share, earning 99 cents a share, but missed big on revenue with problems in China cited. The stock gapped to a low of $172.57 on Thursday. This low was a test of the stock's 200-week SMA at $172.67. The buy-rated technology giant has an annual value level at $171.70, with the weekly and monthly risky levels at $187.16 and $188.81.

Intel Corp. ($23.87) beat EPS estimates by 5 cents, earning 58 cents a share. The hold-rated semiconductor giant opened slightly lower on Wednesday to $23.22, and then rebounded to $23.87 on Thursday. The stock is still above its 50-day and 200-day SMAs at $22.83 and $22.69, with a weekly pivot at $24.00 and monthly risky level at $24.81.

J.B. Hunt Transportation ($74.66) missed EPS estimates by 3 cents, earning 75 cents a share. The sell-rated trucker traded down to $72.01 and then rebounded to $74.74 on Thursday. My semiannual value level is $72.05 held at the post-earnings low, and then my weekly pivot at $73.97 became a magnet. My monthly risky level is $78.04.

Johnson & Johnson ($91.97) beat EPS estimates by 5 cents, earning $1.36 a share. The hold-rated Dow component traded up to $92 on Thursday. My quarterly value level is $87.17, with a monthly risky level at 96.35.

Coca Cola ($38.55) matched EPS estimates, earning 53 cents a share. The buy-rated Dow component traded down to $37.60 on Tuesday, and then rebounded to close Thursday above its 50-day SMA at $38.45 on Thursday. My weekly pivot is $37.46, with a monthly risky level at $41.78.

Mattel ($42.41) beat EPS estimates by 6 cents, earning $1.16 a share. The hold-rated toy maker popped above its 200-day SMA at $42.45 to an intraday high at $43.74 on Wednesday and then ended the day back below the 200-day SMA. My semiannual value level is $40.05, with a weekly pivot at $42.05 and semiannual risky level at $46.51.

Pepsico ($82.58) beat its EPS estimate by 7 cents, earning $1.24 as share. The buy-rated bottler of Pepsi soft drinks and maker of Frito Lay snacks popped to $82.62 on Thursday. My annual value level is $79.02, with a weekly pivot at $80.35 and semiannual risky level at $84.27.

PNC Financial ($74.68) beat EPS estimates by 18 cents, earning $1.79 a share. This hold-rated regional bank opened above its 50-day SMA at $73.53 to a high of $74.77 on Thursday. My weekly value level is $71.60, with a monthly risky level at $79.21.

Sandisk ($68.50) beat EPS estimates by 29 cents, earning $1.51 a share. The stock gapped higher on Thursday, trading up to a multiyear high at $68.55. The hold-rated semiconductor company has a quarterly value level at $61.27, with a monthly pivot at $62.73 and semiannual risky level at $72.05.

US Bancorp ($37.68) matched EPS estimates earning 76 cents a share. The hold-rated regional bank held its 50-day SMA at $36.81 and then rebounded to a day's high at $37.79 on Thursday. The 200-day SMA is $35.13, with a monthly pivot at $37.79 and semiannual risky level at $40.03.

Xilinx ($45.39) missed EPS estimates by 3 cents earning 49 cents a share. The hold-rated semiconductor company gapped below its 50-day SMA at $45.92 on Thursday to a day's low at $44.10. My semiannual is $43.81, with a semiannual pivot at $45.52 and monthly and quarterly risky levels at $47.38 and at $48.75.

Yahoo! Inc ($32.74) beat EPS estimates by a penny, earning 28 cents a share. The hold-rated tech stock opened higher on Wednesday but turned down on Thursday to a day's low at $32.31 versus Wednesday's high at $34.11. My quarterly value level is $30.84, with monthly and weekly risky levels at $34.27 and $34.95.

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

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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