Boeing, Mattel, Seven Others Whacked After Earnings

TheStreet.com

NEW YORK (TheStreet) -- Nine companies were taken to the woodshed following earnings disappointments.

Shares of Boeing  fell 11.6% after it reported its fourth-quarter results. The Dow component had a sell rating, according to www.ValuEngine.com, and so the negative reaction to its earnings wasn't a surprise. Mattel reported disappointing holiday toy sales, and shares of the maker of Barbie Dolls fell 13.9%.

Apple Inc. ($512.59, down 6.1% since Jan. 24) beat earnings per share estimates by 46 cents, reporting earnings of $14.50 after-hours on Jan. 27.

Apple traded to a post-earnings low at $493.55 last Friday, staying above its 200-day simple moving average at $486.09. The weekly chart is negative with the stock below its five-week modified moving average at $528.74 with declining stochastics and its 200-week SMA at $434.64.

Apple had a buy rating pre-earnings, but now has a hold rating. It's 4.7% overvalued with a gain of 12% over the last 12 months. The upside is a return to my annual pivot at $517.05 with a monthly risky level at $540.05 and an annual risky level at $586.06.

Amazon.com ($346.45, down 9.9% since Jan. 29) missed EPS estimates by 20 cents as it reported earnings of 51 cents a share after-hours last Thursday.

Amazon traded to a post-earnings low at $337.73 on Wednesday, staying above its 200-day SMA at $321.29. The weekly chart is negative with the stock below its five-week MMA at $375.02 with declining stochastics and its 200-week SMA at $225.26.

Amazon had a hold rating pre-earnings, and on weakness has been upgraded to buy. The stock is 62.5% overvalued with a gain of 29.8% over the last 12 months. My annual value level is $334.95 with semiannual pivots at $351.24 and $339.11 and with quarterly and monthly risky levels at $402.56 and $407.77.

Boeing ($121.40, down 11.6% since Jan. 27) beat EPS estimates by 29 cents, as it reported earnings of $1.88 a share pre-market on Jan. 29.

The stock traded to a post-earnings low at $118.77 on Wednesday, staying above its 200-day SMA at $115.87. The weekly chart is negative with the stock below its five-week MMA at $131.75 with declining stochastics and its 200-week SMA at $80.74.

Boeing had a sell rating pre-earnings, and on weakness has been upgraded to hold. It's 10.2% overvalued with a gain of 60% over the last 12 months. My annual value levels are $102.41 and $98.66 with quarterly and semiannual pivots at $120.53, $117.06 and $123.73 and monthly risky level at $141.14.

Cirrus Logic ($17.51, down 10.8% since Jan. 27) beat EPS estimates by 11 cents as it posted earnings of 79 cents a share after-hours on Jan. 28.

Cirrus traded to a post-earnings low at $16.81 on Jan. 30, well below its 200-day SMA at $20.43. The weekly chart is negative with the stock below its five-week MMA and 200-week SMA at $19.12 and $21.30 with oversold stochastics.

Cirrus has a buy rating is 9.2% and is undervalued with a loss of 35.9% over the last 12 months. Annual and monthly pivots are $18.84, $20.72 and $21.72 and with annual and monthly pivots at $20.72 and $21.47 and semiannual and quarterly risky levels at $32.60, $33.31 and $34.07.

Citrix Systems ($53.97, down 8.1% since Jan. 28) beat EPS estimates by 8 cents as it reported earnings of 87 cents a share after-hours on Jan. 29.

Citrix traded to a post-earnings low at $51.18 on Jan. 30, well below its 50-day and 200-day SMAs at $59.29 and $63.89. The weekly chart is negative with the stock below its five-week MMA at $58.08 with declining stochastics and its 200-week SMA at $66.99.

Citrix has a buy rating is 13.7% and is undervalued with a loss of 26.4% over the last 12 months. Monthly and annual risky levels are $60.34, $68.20 and $71.60.

Chevron ($109.52, down 5.6% since Jan. 29) missed EPS estimates by a penny, as it reported earnings of $2.57 a share premarket last Friday.

Chevron traded to a post-earnings low at $109.27 on Wednesday, well below its 200-day SMA at $121.48. The weekly chart is negative with the stock below its five-week MMA at $116.97 with declining stochastics and the 200-week SMA at $104.06.

Chevron has a hold rating is 12.6% and is overvalued with a loss of 5.4% over the last 12 months. The stock is below monthly, quarterly and annual risky levels at $116.52, $126.02 and $126.80.

Ford Motor ($14.73, down 6.9% since Jan. 24) beat EPS estimates by 3 cents, as it reported earnings 31 cents a share premarket on Jan. 28.

Ford traded to a post-earnings low at $14.40 on Monday, below its 200-day SMA at $16.21. The weekly chart is negative with the stock below its five-week MMA at $15.67 with declining stochastics and its 200-week SMA at $13.25.

Ford had a hold rating pre-earnings and now has a sell rating and is 15.4% overvalued with a gain of 11.8% over the last 12 months. My annual value level is $14.04 with monthly, quarterly and semiannual pivots at $16.53, $16.18 and $16.73 and a semiannual risky level at $19.45.

Mattel ($36.46, down 13.9% since Jan. 29) missed EPS estimates by 13 cents, as it reported earnings of $1.07 a share premarket last Friday.

Mattel traded to a post-earnings low at $35.85 on Monday, well below its 200-day SMA at $43.97. The weekly chart is negative with the stock below its five-week MMA at $42.07 with declining stochastics and the 200-week SMA at $32.47.

Mattel has a hold rating is 1.4% and is overvalued with a loss of 7.4% over the last 12 months. My annual value level is $31.82 with monthly and annual risky levels at $40.50 and $42.55.

Exxon Mobil (89.58, down 6.3% since Jan. 28) beat EPS estimates by a penny, as it reported earnings of $1.91 a share premarket last Thursday.

Exxon traded to a post-earnings low at $89.38 on Wednesday, below its 200-day SMA at $91.78. The weekly chart is negative with the stock below its five-week MMA at $94.79 with declining stochastics and its 200-week SMA at $81.89.

Exxon has a hold rating is 11.2% and is overvalued with a loss of 0.2% over the last 12 months. My semiannual pivot is $91.91 with a monthly pivot at $93.07 and quarterly, semiannual and annual risky levels at $97.28, $100.97 and $108.77.

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

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