Tracking 8 Stocks that Beat EPS but Are Underperforming

Tickers in this article: BA CSCO CVX DE MRK NTGR QCOM UA UPS WFM XOM
NEW YORK ( TheStreet) -- With stocks challenging 52-week highs, multi-year year highs and in some cases all-time highs, it's surprising to observe that the performances of many stocks after reporting better than expected earnings have been lackluster at best.

Today I update my profiles for 11 stocks that reported quarterly results between Jan. 30 and Feb. 13. Eight reported better than expected EPS, while three missed.

On Jan. 29 I wrote, Jungle of Earnings Includes Amazon, and earnings from the stocks profiled in this post reported their quarterly results between Jan. 30 and Feb. 1.

On Tuesday I wrote, Will Cisco Befriend Investors?, and earnings from five of the eight in this post reported their quarterly results between Feb. 12 and Feb. 13.

At www.ValuEngine.com we show that 64.8% of all stocks are overvalued, which is on the cusp of a ValuEngine valuation warning. All 16 sectors are overvalued, 11 by double-digit percentages. Today's stocks are in seven sectors; aerospace is 7.1% overvalued, computer & technology is 14.4% overvalued, industrial products is 21.5% overvalued, medical is 14.3% overvalued, oils-energy is overvalued by 6.5%, retail-wholesale is 11.9% overvalued and transportation is 17.9% overvalued.

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.

Trailing 12 months price-to-earnings ratio


Here are my updated buy-and-trade parameters and earnings scorecard:

Boeing (BA) ($74.78) beat earnings estimates by 9 cents a share reporting an EPS of $1.28 on Jan. 30. Given the clouds of the Dreamliner the stock stayed range bound, while maintaining a buy rating. The weekly chart shifts to negative with a weekly close below the five-week modified moving average at $75.12. My semiannual value level lags at $59.67 with my monthly risky level at $76.40.

Qualcomm (QCOM) ($65.45) beat EPS estimates by 14 cents a share at $1.14 per share on Jan. 30. The stock traded up to $67.44 on Jan. 31 then moved sideways to down since then. The stock has a hold rating with a positive weekly chart profile with the five-week MMA at $64.64. My annual value level is $64.58 with a monthly pivot at $66.12 and a quarterly risky level at $67.15.