Hasbro Makes Earnings Moon-shot as Netflix Nearly Makes It

TheStreet.com

NEW YORK (TheStreet) -- The market reactions to earnings reports on Tuesday and Wednesday were quite diverse. We had a moon-shot for a toy maker Hasbro and a failed moon-shot for a Netflix , a seller of video content from the cloud. Five stocks were taken to the post-earnings woodshed, while two set new multi-year highs. Five moved sideways to down, while two moved sideways to up.

Last Friday I wrote McDonald's and Netflix Headline Monday's Earnings and covered five key earnings reports. The first headliner traded slightly lower, then stabilized. The second headliner opened with a moon-shot that failed to hold its orbit.

On Monday I wrote United Technologies and Harley-Davidson Headline Tuesday's Earnings and covered 11 key earnings reports. The first headliner moved sideways to down, while motorcycles roared higher but then did a wheelie.

Here's Today's Earnings Scorecard

Cree ($61.11) missed EPS estimates by 2 cents earning 30 cents a share in afterhours trading on Tuesday. The stock closed at $74.32 that day and gapped significantly lower on Wednesday to below its 50-day simple moving average at $62.49 to a low of $59.02 vs. its 200-day SMA at $57.78. The hold rated semiconductor company tested its monthly risky level at $74.29 pre-earnings. My quarterly value level is $57.96 with semiannual pivots at $65.09 and $70.97.

Du Pont ($61.38) beat EPS estimates by 4 cents earning 45 cents a share premarket on Tuesday. The hold rated diversified chemical company and Dow component traded up to $61.58 on Thursday setting a new multi-year high. Weakness pre-earnings held my weekly value level at $59.18 which indicated upside towards my monthly risky level at $61.73. My quarterly risky level is $62.98.

EMC ($23.71) missed EPS estimates by 5 cents earning 32 cents premarket on Tuesday. The buy rated computer storage device company declined from its Monday close at $25.24 to a low of $23.29 on Wednesday gapping below its 200-day SMA at $24.65. My annual value levels are $22.54 and $22.17 with a monthly pivot at $24.45 and a quarterly risky level at $29.73.

Hasbro ($50.57) beat EPS estimates by 4 cents earning $1.31 a share premarket on Monday. The hold rated game and toy maker gapped to as high as $51.68 then consolidated that gain as my weekly risky level became a pivot at $49.23. My quarterly value level is $47.30 with a monthly risky level at $52.96.

Harley-Davidson ($64.90) beat EPS estimates by a penny earning 73 cents a share premarket on Tuesday. The stock traded up to $66.49 vs. its multi-year high at $66.59 set on Oct. 16. The hold rated motorcycle maker then dipped to $63.50. My monthly value level is $62.06 with a semiannual picot at $65.15 and quarterly risky level at $68.22.

Lockheed Martin ($132.62) beat EPS estimates by 31 cents earning $2.57 a share premarket on Tuesday. The hold rated defense stock held its 50-day SMA at $125.62 on Monday then traded up to $132.99 on Thursday setting a new multi-year high. My annual value level is $112.40 with a quarterly pivot at $128.16 and monthly risky level at $134.36.

McDonalds ($94.68) beat EPS estimates by 2 cents earning $1.52 a share premarket on Monday. The buy rated Dow component traded down to $93.24 on Monday then drifted higher but staying below its 50-day SMA at $95.75. My semiannual risky level is $98.47.

Nabors ($16.69) beat EPS estimates by a penny earning 20 cents a share in afterhours trading on Tuesday. The hold rated land drilling contractor in the oil and gas industry traded down to $16.40 on Thursday holding its 50-day SMA at $16.41. My monthly value level is $14.89 with annual and quarterly risky levels at $18.49 and $19.15.

Netflix ($331.22) beat EPS estimates by 4 cents earning 52 cents a share in afterhours trading on Monday. The stock nearly hit the $400 market in afterhours trading but opened Tuesday with a high of $389.16 then declined to $317.00 into Wednesday. The buy rated online movie rental service held its monthly value level at $318.67.

Panera Bread ($153.94) matched EPS estimates earning $1.35 a share in afterhours trading on Tuesday. The buy rated retail bakery-cafe tested its 50-day SMA at $165.16 pre-earnings then gapped lower to $150.33 into Thursday. My annual value level is $145.66 with a semiannual risky level at $179.90.

Regions Bank ($9.54) missed EPS estimates by a penny earning 20 cents a share premarket on Tuesday. The hold rated regional bank gapped lower to a test of its 50-day SMA at $9.56 and traded as low as $9.42 on Thursday. The 200-day SMA is $8.91 with a semiannual pivot at $9.81, a monthly pivot at $10.20 and quarterly risky level at $11.83.

Texas Instruments ($39.88) missed EPS estimates by a penny earning 56 cents a share in afterhours trading on Monday. The hold rated semiconductor company set a multi-year high ahead of reporting earnings at $41.22. The stock fell to a test of its 50-day SMA at $39.77 on Tuesday then traded as low as $39.19 on Wednesday holding my semiannual pivot at $39.38. The stock has been downgraded to strong sell this morning. My annual value level is $32.99 with a semiannual pivot at $39.38 and monthly and semiannual risky levels at $41.33 and $42.15.

Travelers ($87.03) beat EPS estimates by 42 cents earning $2.35 premarket on Tuesday. The hold rated provider of commercial property and liability insurance and Dow component popped to $88.05 vs. its April 23 high at $89.00 then dipped to a week's low at $85.62 on Wednesday. My semiannual value level is $72.35 with a semiannual pivot at $85.15, and a monthly pivot at $87.46.

United Technologies ($107.06) beat EPS estimates by 10 cents earning $1.63 premarket on Tuesday. The stock popped to $108.56 at the open then dipped to its 50-day SMA at $105.65. The buy rated conglomerate and Dow component has a semiannual value level at $96.86 with a semiannual pivot at $107.61 and monthly risky level at $108.97.

Whirlpool ($147.26) beat EPS estimates by 8 cents earning $2.72 premarket on Tuesday. The hold rated appliance maker gapped higher and traded as high as $147.62 on Thursday. My monthly value level is $138.68 with a quarterly risky level at $149.16.

Zions Bancorp ($28.47) beat EPS estimates by a penny earning 44 cents a share in afterhours trading on Monday. The hold rated regional bank gapped below its 50-day SMA at $28.41 to $27.37 then returned to the 50-day. The 200-day SMA is $26.74 with my monthly risky level at $30.72.

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 (2)