Groupon, Tesla and Priceline Headline Earnings Previews

TheStreet.com

NEW YORK (TheStreet) -- Today I profile 11 companies that report their quarterly earnings afterhours Wednesday, premarket and afterhours Thursday, and premarket on Friday.

The diverse mix of products and services among this group include; cement, construction services for oil and gas operations, a shopping website, a provider of outdoor advertising, a provider of offshore drilling rigs, a maker of electric vehicles, a struggling department store, a producer of rare earth oxide, an e-commerce pricing web site focusing on airline tickets and hotel reservations, and a specialist in web hosting.

The ValuEngine valuation warning continues with 77% of all stocks overvalued 45.2% by 20% or more. 15 of 16 sectors are overvalued, 14 by double-digit percentages with nine by more than 20%.

Among the 11 stocks profiled today, three have buy ratings, six have hold ratings and two have sell ratings. Only two stocks are undervalued, and five are overvalued by more than 20%. Two slumped by more than 30% over the last 12 months, while five had significant price gains over the last 12 months by 13.8% to 411.8%. Four stocks are below their 200-day simple moving average. The risk of a reversion to the mean is thus a factor for six of the stocks. Four stocks are expected to report quarterly EPS losses.

Here is my table of data for the 11 stocks profiled today.

Reading the Table

OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.

Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.

Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: Price at which to enter a GTC limit order to sell on strength.

Eagle Materials ($69.76) set a multi-year high at $77.84 on May 22 then fell to $62.39 on June 24. My quarterly value level is $65.09 with a monthly risky level at $79.43.

Foster Wheeler ($22.34) set a multi-year high at $27.13 back on Jan. 29 and a 2013 low at $19.29 on April 22. My weekly value level is $20.64 with a monthly pivot at $23.33 and semiannual risky level at $25.04.

Groupon ($8.97) set a 2013 high at $9.43 on July 3. My monthly value level is $8.41 with a monthly risky level at $9.43.

J.C. Penney ($13.82) set its multi-year low at $13.55 on April 10. My quarterly value level is $13.00 with a weekly pivot at $13.73 and a monthly risky level at $16.06.

Lamar Advertising ($44.07) set a multi-year high at $49.60 on May 8 then fell to $41.30 on June 24. My annual value level is $40.93 with a quarterly pivot at $43.01 and semiannual risky level at $48.85.

Molycorp ($7.30) was a $79 stock back in May 2011 and now sits just below its 200-day SMA at $7.32. My monthly value level is $4.74 with a weekly pivot at $7.17.

NVIDIA ($14.83) set its 2013 high at $15.48 on June 19. My quarterly value level is $11.20 with a monthly pivot at $14.95 and semiannual risky level at $17.21.

Priceline.com ($928.58) set a multi-year high at $930.74 on Monday. My monthly value level is $839.27 with a weekly pivot at $926.69 and a semiannual risky level at $935.65.

Rackspace Hosting ($46.80) was an $81 stock in January and traded as low as $33.91 on June 6. My monthly value level is $35.36 with a weekly pivot at $47.57 and quarterly risky level at $56.26.

Transocean ($48.47) set its 2013 high at $59.50 on Feb. 14 then traded as low as $46.02 on June 24. My weekly value level is $46.46 with a monthly risky level at $53.71.

Tesla Motors ($144.68) set an all time high at $144.89 on Monday. My monthly value level is $115.46 with a weekly pivot at $138.46.

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.

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he thinks could be potentially HUGE winners. Click here to see his holdings for FREE.

View Comments (0)