Foot Locker Runs Up, While Ross Stores Sink

NEW YORK (TheStreet) -- Today's post is the scorecard for the six retail-wholesale stocks that reported quarterly results in the afterhours Thursday and premarket Friday. Foot Locker (FL) kicked the ball out of the park premarket on Friday setting a new multi-year high. On the opposite side of the ledger shares of Ross Stores (ROSS) slumped after matching earnings expectatins and a cautious holiday spending outlook.

The stock market remains extremely overvalued. ValuEngine shows that 85.5% of all stocks are overvalued with 57.7% overvalued by 20% or more. All 16 sectors are overvalued with 13 overvalued by 22.6% to 36.6%. The retail-wholesale sector is 30.6% overvalued with an overweight rating. Of the 344 stocks 79.9% in this sector have buy or strong buy ratings. [Read: Apple Rides iPad Profits for 2014]

The six stocks in today's earnings scorecard were profiled on Thursday in PetSmart, Ross Stores Report Afterhours Thursday and all had buy ratings according to ValuEngine and they still have buy ratings. [Read: 25% of Workers Will Spend At Least 4 Hours Doing This on Cyber Monday]

Among the six stocks in today's table, the biggest gainer since reporting earnings results is up by 5.3% while the biggest loser declined by 7.1%. All six are overvalued four by 6.5% to 31.8%. All have gains over the last 12 months with four up between 10.4% and 32.9%. All are above their 200-day SMAs which reflects the risk of a reversion to the mean. 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. [Read: Veteran Warrior Arthur Levitt Still an Upender of Wall Street]

Ann (ANN) ($36.01) beat EPS estimates by 2 cents earning 89 cents a share premarket on Friday. The buy rated retailer of upscale women's clothing set a new multi-year high at $37.40 and a low of $35.50 that day. My weekly value level is $34.24 with a monthly pivot at $37.93 and a quarterly risky level at $40.52. Foot Locker ($38.51) beat EPS estimates by a penny earning 68 cents a share premarket on Friday. The stock set a new multi-year high at $39.15 then dipped to $37.99 that day. The buy rated maker of athletic shoes has a semiannual value level at $36.94 with a semiannual risky level at $39.29. [Read: Why Barnes & Noble (BKS) Is No Borders] Gap (GPS) ($41.01) beat EPS estimates by a penny earning 72 cents a share in the afterhours on Thursday. The stock drifted lower but stayed above its 200-day SMA at $39.75. The buy rated retailer of casual apparel has a weekly value level at $38.04 with a monthly risky level at $46.25. Hibbet Sports (HIBB) ($63.40) beat EPS estimates by a penny earning 66 cents a share premarket on Friday. The stock traded in a wide range of $63.95 down to $59.01 that day that set a new multi-year high at $64.56 on Monday. The buy rated sporting goods store has a monthly value level at $59.90 with a semiannual pivot at $62.67 and semiannual risky level at $68.73. PetSmart (PETM) ($74.07) beat EPS estimates by 2 cents earning 88 cents a share premarket on Friday. The stock is just above its 50-day SMA at $73.61 on Monday after a Friday low at $71.77. The buy rated provider of pet supplies has a weekly value level at $70.27 with a semiannual pivot at $74.51 and monthly risky level at $74.93.

Ross Stores ($75.51) matched EPS estimates earning 80 cents a share in the afterhours on Thursday. The buy rated retailer of off-prices apparel and home accessories got crushed from its Thursday close at $80.26 to a low of $73.00 on Friday and closed Monday above its 50-day SMA at $75.31. The 200-day SMA is $66.84 with semiannual risky levels at $79.86 and $82.91.

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

Follow @Suttmeier

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

Richard Suttmeier is the chief market strategist at AlphaPlus Analytics in addition to ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world. Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary. Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV. Click here for details on Suttmeier's "Buy and Trade" investment strategy. Richard Suttmeier can be reached at RSuttmeier@Gmail.com