Tuesday, September 1, 2015

National Beverage - Chart of the Day

National Beverage (FIZZ) is the Barchart Chart of the Day.  The soft drink company has a Trend Spotter buy signal, a Weighted Alpha of 38.20+ and gained 42.01% in the last year.

The Chart of the Day belongs to National Beverage (FIZZ).  I found the soft drink stock by using Barchart to sort the Russell 3000 Index stocks first for technical buy signals of 80% or better then for very positive Weighted Alphas. Next I use the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 6/16 the stock gained 16.47%.

National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(R) and Faygo(R), complete lines of multi-flavored and cola soft drinks.



The status of Barchart's Opinion trading systems are listed below.  Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates.  The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • 38.20+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 9.51% in the last month
  • Relative Strength Index 62.66%
  • Barchart computes a technical support level at 25.35%
  • Recently traded at 26.03 with a 50 day moving average of 24.14
Fundamental factors:
  • Market Cap $1.21 billion
  • P/E 24.60
  • No analysts are presently following this stock
  • The individual investors on Motley Fool vote 122 to 19 that the stock will beat the market
None one of the regular technical trading strategies have been effective on this stock so I would use a trailing stop loss 10-15% below is most recent high to protect gains.

No Best of the NASDAQ 100 Today

Normally I would be posting the 5 NASDAQ 100 Index stocks that had my highest screening scores but today none of those stocks passed the hurdle.

Tune in again tomorrow.


BARCHART MORNING CALL 9/1

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 -1.96%) are down sharply by -2.13% and European stocks are down -2.02% on concern the slowdown in China is deepening. Global stock and commodity markets all fell after a gauge of Chinese manufacturing activity last month contracted at the fastest pace in 3 years. European stocks also fell after the Eurozone Aug Markit manufacturing PMI was revised lower, but stock prices recovered from their worst levels after the Eurozone Jul unemployment rate unexpectedly fell to the lowest in 3-1/2 years. Asian stocks closed lower: Japan -3.84%, Hong Kong -2.24%, China -1.23%, Taiwan -1.92%, Australia -2.12%, Singapore -1.32%, South Korea -1.40%, India -2.23%. Emerging market stocks and currencies all declined after the slowdown in Chinese manufacturing activity intensified, although large-capitalization stocks in China's Shanghai Composite rebounded from their lows in late trading on signs of government intervention. Over each of the past four session, government-backed-funds have been seen buying stocks in the last hour of trading as China tries to stabilize the market before a WWII victory parade on Thursday. China's financial markets will be closed on Thursday and Friday to commemorate the event.
The dollar index (DXY00 -0.27%) is down -0.32%. EUR/USD (^EURUSD) is up +0.48%. USD/JPY (^USDJPY) is down -0.93% as the slide in global stocks boosts the safe-haven demand for the yen.
Dec T-note prices (ZNZ15 +0.25%) are up +10.5 ticks on a flight to safety.
The China Aug manufacturing PMI fell -0.3 to 49.7 as expected, but still was the steepest pace of contraction in 3 years.
The Eurozone Aug Markit manufacturing PMI was revised lower to 52.3 from the originally reported 52.4.
The Eurozone Jul unemployment rate unexpectedly fell -0.2 to 10.9%, better than expectations of unch at 11.1% and the lowest in 3-1/2 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) July construction spending (expected +0.6% m/m, Jun +0.1% m/m), (2) Aug ISM manufacturing index (expected -0.2 to 52.5, Jul -0.8 to 52.7), (3) final-Aug Markit manufacturing PMI (expected unrevised at 52.9, prelim-Aug -0.9 to 52.9), (4) Aug total vehicle sales (expected 17.30 million, Jul 17.46 million).
There are 3 of the Russell 1000 companies that report earnings today: Donaldson (consensus $0.42), Dollar Tree (0.62), H&R Block (-0.40).
U.S. IPO's scheduled to price today include: none.
Equity conferences this week include: European Society of Cardiology Meeting on Mon-Wed, Longbow Research Industrial Manufacturing & Technology Investor Conference on Tue, Simmons Gleneagles Energy Conference on Tue-Wed, KeyBanc Capital Markets Basic Materials and Packaging Conference on Wed, Global Hunter Securities Industrials Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Freeport McMoRan (FCX +1.33%) was downgraded to 'Neutral' from 'Buy' at Citi.
Donaldson (DCI -0.82%) reported Q4 adjusted EPS of 45 cents, better than consensus of 42 cents.
Constellation Brands (STZ +0.05%) was upgraded to 'Outperform' from 'Underperform' at CLSA.
McCormick (MKC -0.80%) was initiated with a 'Buy' at BB&T with a price target of $99.
BB&T upgraded Cal-Maine Foods (CALM +5.71%) to 'Buy' with a $62 price target.
American Airlines (AAL +0.93%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.
Endo (ENDP -2.16%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Scientific Games (SGMS -5.16%) was upgraded to 'Hold' from 'Sell' at Deutsche Bank.
VMware (VMW +2.06%) was upgraded to 'Outperform' from 'Neutral' at Baird.
Barron's says in its 'Barron's Take' column Berkshire Hathaway's stake in Phillips 66 (PSX +2.38%) drove shares higher and the stock could continue to rise.
Glenhill Advisors reported a 5.3% stake in Allscripts (MDRX -0.22%) .
Adage Capital reported a 5.56% stake in Olin Corp (OLN +0.86%) .
Samuel Zell reported a 5.6% stake in Anixter (AXE +2.50%) .
SunEdison (SUNE +0.97%) rose over 4% in after-hours trading after Point72 reported a 5.1% passive stake in the company.
Trevena (TRVN -0.66%) surged over 30% in after-hours trading after the Phase 2b study of its TRV130 drug achieved its primary endpoint.
MARKET COMMENTS
Sep E-mini S&Ps (ESU15 -1.96%) this morning are down sharply by -42.00 points (-2.13%). Monday's closes: S&P 500 -0.84%, Dow Jones -0.69%, Nasdaq -1.26%. The S&P 500 on Monday closed lower on the -0.82% slide in the China Shanghai Composite and on the -0.3 point decline in the Aug Chicago PMI to 54.4, weaker than expectations of -0.2 to 54.5. Energy producer stocks strengthened as oil prices rallied sharply for the third session to post a new 1-month high.
Dec 10-year T-notes (ZNZ15 +0.25%) this morning are up +10.5 ticks. Monday's closes: TYZ5 -4.50, FVZ5 -4.00. Dec 10-year T-note prices on Monday posted a 1-week low and closed lower on the slide in German bund prices to a 6-week low (after the Eurozone Aug core CPI rose +1.0% y/y, stronger than expectations of +0.9% y/y) and on hawkish weekend comments from Fed Vice Chair Fischer suggesting that he favors raising interest rates sooner rather than later when he said that that there's "good reason" to believe that inflation is poised to move higher. T-notes found underlying support on the weaker-than-expected Aug Chicago PMI and Aug Dallas Fed manufacturing activity report and on safe-haven demand with the sell-off in stocks.
The dollar index (DXY00 -0.27%) this morning is down -0.307 (-0.32%). EUR/USD (^EURUSD) is up +0.0054 (+0.48%). USD/JPY (^USDJPY) is down -1.13 (-0.93%). Monday's closes: Dollar Index -0.282 (-0.29%), EUR/USD +0.00283 (+0.25%), USD/JPY -0.496 (-0.41%). The dollar index on Monday closed lower on (1) the larger-than-expected declines in the Aug Chicago PMI index and the Aug Dallas Fed manufacturing activity index, and (2) strength in EUR/USD after the Eurozone Aug CPI was stronger than expected and dampened speculation of additional ECB stimulus. The dollar found underyling support on the comments from Fed Vice Chair Fischer who left open the door for a Fed rate hike in Sep when he said that there's "good reason" to believe that inflation is poised to move higher.
Oct crude oil (CLV15 -1.91%) this morning is down -$1.10 a barrel (-2.24%) and Oct gasoline (RBV15 -2.94%) is down -0.0457 (-3.05%). Monday's closes: CLV5 +3.98 (+8.80%), RBV5 +0.0699 (+5.00%). Oct crude oil and gasoline on Monday closed sharply higher with Oct crude at a 1-month high and Oct gasoline at a 2-week high. Bullish factors included (1) the weaker dollar, (2) the IEA's downward revision in its U.S. crude production estimate for the first half of 2015 to 9.4 million bpd from a previous estimate of 9.53 million bpd, and (3) OPEC's comment in its monthly magazine that it is ready to talk to other crude producers outside of OPEC in order to achieve "fair prices."
GLOBAL EVENT CALENDAR09/01/2015
US0945 ETFinal-Aug Markit manufacturing PMI expected unrevised at 52.9, prelim-Aug -0.9 to 52.9.
1000 ETJul construction spending expected +0.6% m/m, Jun +0.1% m/m.
1000 ETAug ISM manufacturing index expected -0.2 to 52.5, Jul -0.8 to 52.7. Aug ISM new orders, Jul +0.5 to 56.5. Aug ISM employment, Jul -2.8 to 52.7. Aug ISM prices paid expected -5.0 to 39.0, Jul -5.5 to 44.0.
n/aAug total vehicle sales expected 17.30 million, Jul 17.46 million. Aug domestic vehicle sales expected 13.70 million, Jul 13.92 million.
JPN0100 ETJapan Aug vehicle sales, Jul -1.3% y/y.
GER0355 ETGerman Aug unemployment change expected -4,000, Jul +9,000. Aug unemployment rate expected unch at 6.4%.
0355 ETRevised German Aug Markit/BME manufacturing PMI, previous +1.4 to 53.2.
EUR0400 ETRevised Eurozone Aug Market manufacturing PMI, previous unch at 52.4.
0500 ETEurozone Jul unemployment rate expected unch at 11.1%.
UK0430 ETUK Jul net consumer credit expected +1.2 billion pounds, Jun +1.2 billion pounds.
0430 ETUK Jul mortgage approvals expected 68,100, Jun 66,600.
0430 ETUK Jul M4 money supply, Jun -0.5% m/m and -0.3% y/y.
0430 ETUK Aug Markit manufacturing PMI expected +0.1 to 52.0, Jul 51.9.
U.S. STOCK CALENDAR09/01/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Donaldson Co IncDCI USBef-mktQ4 2015 Earnings ReleaseQ4 20150.418
Dollar Tree IncDLTR USBef-mktQ2 2016 Earnings ReleaseQ2 20160.62
Keysight Technologies IncKEYS US8:30Analyst and Investor DayY 2015
Dollar Tree IncDLTR US9:00Q2 2016 Earnings CallQ2 2016
Ford Motor CoF US9:15August 2015 Sales and Revenue Release2015
Donaldson Co IncDCI US10:00Q4 2015 Earnings CallQ4 2015
Ford Motor CoF US10:00August 2015 Sales and Revenue Call2015
H&R Block IncHRB US16:30Q1 2016 Earnings CallQ1 2016
H&R Block IncHRB USAft-mktQ1 2016 Earnings ReleaseQ1 2016-0.397

Monday, August 31, 2015

Smith & Wesson - Chart of the Day

Smith & Wesson (SWHC) is the Barchart Chart of the Day.  The handgun manufacturer has a Trend Spotter buy signal. a Weighted Alpha of 78.30+ and gained 63.94% in the last year.

The Chart of the Day belongs to Smith & Wesson (SWHC).  I found the handgun Manufacturing stock by using Barchart to sort the Russell 3000 Index stocks for the  with the highest Weighted Alpha and then again for the stocks with a Barchart technical buy signal of 80% or better.  Last I used the Flipchart feature to review the charts.  The Trend Spotter signaled another buy on 8/28.

Smith & Wesson Holding Corporation is one of the world's leading producers of quality handguns, law enforcement products and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company's products with confidence for 150 years. Smith & Wesson Corp. also manufactures and markets Smith & Wesson branded handcuffs and other products utilizing its metal working expertise and providing products and services to many external customers.



The status of Barchart's Opinion trading systems are listed below.  Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates.  The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • 78.30+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 12.39% in the last month
  • Relative Strength Index 67.43%
  • Barchart computes a technical support level at 16.62
  • Recently traded at 18.08 with a 50 day moving average of 16.50
Fundamental factors:
  • Market Cap $971.98 million
  • P/E 15.30
  • Revenue expected to grow 12.30% this year and another 5.40% next year
  • Earnings estimated to increase 27.80% this year, an additional 14.80% next year and continue to compound at an annual rate of 14.00% for the next 5 years
  • Wall Street analysts released 1 strong buy, 6 buy, 1 hold and 1 under perform recommendation on the stock
The 100 day moving average vs price has been the most reliable technical trading strategy on this stock.

Although this is a stock bucking the current trend, I am still not buying anything in this uncertain market.

The 4 Best Small Caps

Although I'm not buying anything today, I still used Barchart to screen the S&P 600 Small Cap Index stocks to see if any of them met my strict screening criteria.  Today there were only 4: Dycom Industries (DY), Calavo Growers (CVGW), Virtusa Corp (VRTU), and Emergent Biosolutions (EBS).

Dycom Industries (DY)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 123.46+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 9.24% in the last month
  • Relative Strength Index 62.24%
  • Barchart computes a technical support level at 68.92
  • Recently traded at 71.14 with a 50 day moving average of 65.10


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 53.65+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 6.87% in the last month
  • Relative Strength Index 67.26%
  • Barchart computes a technical support level at 55.99
  • Recently traded at 59.23 with a 50 day moving average of 53.98
Virtusa Corp (VRTU)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • 53.01+ Weighted Alpha
  • Trend Spotter hold signal
  • Above its 20, 50 and 100 day moving averages
  • 2 new highs and up 7.47% in the last month
  • Relative Strength Index 64.80%
  • Barchart computes a technical support level at 49.44
  • Recently traded at 52.34 with a 50 day moving average of 49.77


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • 50.55+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 3.10% in the last month
  • Relative Strength Index 55.92%
  • Barchart computes a technical support level at 33.73
  • Recently traded at 34.64 with a 50 day moving average of 33.54








BARCHART MORNING CALL 8/31

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 -0.83%) are down -0.82% and European stocks are down -0.52% as Chinese stocks fell on concern China's efforts to prop up its equity market will fail. Another negative for global stock and commodity markets was hawkish comments from Fed and ECB members at the Kansas City Fed's annual symposium in Jackson Hole, Wyoming. Fed Vice Chair Fischer said there's "good reason" to believe that inflation is poised to move higher and ECB Vice President Constancio said that the link between real activity and inflation in the Eurozone has "strengthened." Losses in European stocks were contained after German Jul retail sales came in stronger than expected. Asian stocks closed mostly lower: Japan -1.28%, Hong Kong +0.27%, China -0.82%, Taiwan +1.94%, Australia -1.08%, Singapore -1.17%, South Korea +0.19%, India -0.41%. China's Shanghai Composite fell even after people familiar with the matter said China's securities regulator asked brokerages to increase stock buybacks and step up their support for stock prices by contributing 100 billion yuan ($15.7 billion) to China's market rescue fund. Japanese stock prices were also pressured after Japan Jul industrial production came in weaker than expected.
The dollar index (DXY00 -0.14%) is down -0.13%. EUR/USD (^EURUSD) is up +0.21% after Eurozone Aug CPI rose at a faster pace than expected. USD/JPY (^USDJPY) is down -0.36%.
Sep T-note prices (ZNU15 +0.09%) are up +3 ticks.
Comments from Fed Vice Chair Fischer Saturday at the Kansas City Fed's annual symposium in Jackson Hole, WY, suggest he favors an interest rate increase sooner rather than later when he said "given the apparent stability of inflation expectations, there is good reason to believe that inflation will move higher as the forces holding down inflation dissipate further."
ECB Vice President Constancio said at the Fed's symposium in Jackson Hole, WY, that "the link between inflation and real activity appears to have strengthened in the Eurozone recently."
The Eurozone Aug CPI estimate rose +0.2% y/y, higher than expectations of +0.1% y/y. Aug core CPI rose +1.0% y/y, higher than expectations of +0.9% y/y.
Japan Jul industrial production fell -0.6% m/m and rose +0.2% y/y, weaker than expectations of +0.1% m/m and +0.8% y/y.
German Jul retail sales rose +1.4% m/m and +3.3% y/y, stronger than expectations of +1.1% m/m and +1.7% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Aug Milwaukee ISM (expected +2.88 to 50.00, Jul +0.57 to 47.12), (2) Aug Chicago PMI (expected -0.02 at 54.5, Jul +4.7 to 54.7), (3) Aug Dallas Fed manufacturing activity (expected +0.8 to -3.8, Jul +2.4 to -4.6).
None of the Russell 1000 companies report earnings today.
U.S. IPO's scheduled to price today include: GC Aesthetics (GCAA), Ardelyx (ARDX), Accelerize (ACLZ), NovaBay Pharmaceuticals (NBY).
Equity conferences this week include: European Society of Cardiology Meeting on Mon-Wed, Longbow Research Industrial Manufacturing & Technology Investor Conference on Tue, Simmons Gleneagles Energy Conference on Tue-Wed, KeyBanc Capital Markets Basic Materials and Packaging Conference on Wed, Global Hunter Securities Industrials Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
United Technologies (UTX -0.03%) was downgraded to 'Equal Weight' from 'Overweight' at Barclays.
Intel (INTC +2.53%) was upgraded to 'Outperform' from 'Market Perform' at Northland.
Twitter (TWTR +1.40%) was upgraded to 'Buy' from 'Neutral' at SunTrust.
Morgan Stanley (MS -0.73%) and Goldman Sachs (GS -0.77%) were both upgraded to 'Buy' from 'Hold' at Evercore ISI.
J.C. Penney (JCP +5.55%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.
CNOOC (CEO -1.67%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill Lynch.
Southern Copper (SCCO +1.56%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.
Stanley Black & Decker (SWK -0.23%) was upgraded to 'Outperform' from 'Neutral' at Macquarie.
Baidu (BIDU +0.05%) was upgraded to 'Buy' from 'Hold' at Jefferies.
Freeport McMoRan (FCX +3.04%) , which has fallen over 70% in the past year, looks oversold, according to Barron's.
Barron's said that With its shares down about 50% from all-time highs, Whole Foods Market (WFM -0.88%) looks cheap.
Kopp Investment Advisors reported a 16.1% stake in Superconductor Technologies (SCON unch) .
Apollo Principal Holdings reported a 5.7% stake in RCS Capital (RCAP unch) .
Integrated Core Strategies reported a 4.7% passive stake in Whiting Petroleum (WLL +5.07%) .
MARKET COMMENTS
Sep E-mini S&Ps (ESU15 -0.83%) this morning are down -16.25 points (-0.82%). Friday's closes: S&P 500 +0.063%, Dow Jones -0.07%, Nasdaq +0.10%. The S&P 500 on Friday closed little changed. Stocks were undercut by the +0.3% increase in U.S. Jul personal spending, less than expectations of +0.4%, and by the unexpected -1.0 point decline in U.S. Aug University of Michigan consumer sentiment to 91.0, weaker than expectations of +0.1 to 93.0. Stocks found support on Friday's +4.8% rally in China's Shanghai Composite and strength in energy producers after crude oil rallied to a 2-week high.
Sep 10-year T-notes (ZNU15 +0.09%) this morning are up +3 ticks. Friday's closes: TYU5 -5.00, FVU5 -7.75. Sep T-notes on Friday closed lower on the stable U.S. stock market and Friday's +4.8% rally in the Chinese Shanghai index. T-notes were also hurt by Cleveland Fed President Mester's comment that the U.S. economy "is solid and could support an increase in interest rates" despite recent market turmoil. T-notes found support on the decline in the U.S. Jul core PCE deflator, the Fed's preferred gauge of inflation, to a 4-1/3 year low of +1.2% y/y.
The dollar index (DXY00 -0.14%) this morning is down -0.128 (0.13%). EUR/USD (^EURUSD) is up +0.0024 (+0.21%). USD/JPY (^USDJPY) is down -0.44 (-0.36%). Friday's closes: Dollar Index +0.496 (+0.52%), EUR/USD -0.00698 (-0.62%), USD/JPY +0.668 (+0.55%). The dollar index on Friday climbed to a 1-week high and closed higher on the increases in U.S. Jul personal spending and income that were close to expectations, and weakness in EUR/USD which fell to a 1-week low on speculation the ECB may expand stimulus after ECB Executive Board member Praet said that policy makers are ready to act if they perceive a material shift in inflation risks.
Oct crude oil (CLV15 -1.77%) this morning is down -89 cents (-1.97%) and Oct gasoline (RBV15 -2.08%) is down -0.0250 (-2.51%). Friday's closes: CLV5 +2.81 (+6.60%), RBV5 +0.0635 (+5.78%). Oct crude and gasoline prices on Friday closed higher with Oct crude at a 2-week high. Crude oil found support on the sharp +4.8% rally in the Shanghai index on Friday and on the close-to-expected increases in U.S. Jul personal spending and income, which were positive for economic growth and energy demand.
GLOBAL EVENT CALENDAR08/31/2015
US0900 ETAug Milwaukee ISM expected +2.88 to 50.00, Jul +0.57 to 47.12.
0945 ETAug Chicago PMI expected -0.2 at 54.5, Jul +4.7 to 54.7.
1030 ETAug Dallas Fed manufacturing activity expected +0.8 to -3.8, Jul +2.4 to -4.6.
1100 ETUSDA weekly grain export inspections.
1600 ETUSDA weekly crop progress.
JPN0000 ETJapan Jul vehicle production, Jun -5.3% y/y.
0100 ETJapan Jul housing starts expected +11.0% y/y to 938,000 annualized, Jun +16.3% y/y to 1.033 million annualized.
0100 ETJapan Jul construction orders, Jun +15.4% y/y.
1950 ETJapan Q2 capital spending expected +8.9% y/y, Q1 +7.3% y/y. Q2 capital spending ex-software expected +11.3% y/y, Q1 +8.1% y/y.
2135 ETRevised Japan Aug Nikkei manufacturing PMI.
GER0200 ETGerman Jul retail sales expected +1.3% m/m and +1.7% y/y, Jun -2.3% m/m and +5.1% y/y.
EUR0500 ETEurozone Aug CPI estimate expected +0.1% y/y, Jul +0.2% y/y. Aug core CPI expected +0.9% y/y, Jul +1.0% y/y.
CHI2100 ETChina Aug manufacturing PMI expected -0.3 to 49.7, Jul 50.0. Aug non-manufacturing PMI, Jul 53.9.
U.S. STOCK CALENDAR08/31/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
TCF Financial CorpTCB US8:30Investor Day
Multiple CompaniesNEE US9:00Business Update Call
VMware IncVMW US15:00Analyst Day
Genesee & Wyoming IncGWR USInvestor Meeting

Friday, August 28, 2015

Sarepta Therapeutics - Chart of the Day

Sarepta Therapeutics (SRPT) is the Barchart Chart of the day.  The pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 16.60+ and gained 153.56% in the last year.

The Chart of the Day belongs to Serepta Therapeutics (SRPT).  I found the stock by using Barchart to sort the Russell 3000 Index stocks first for the highest technical buy signals then for a positive Weighted Alpha.  The Trend Spotter signaled another buy signal just yesterday.

Sarepta Therapeutics, Inc. focuses on the discovery and development of RNA-based therapeutics for the treatment of rare and infectious diseases. The Company's diverse pipeline includes its lead program eteplirsen, for Duchenne muscular dystrophy. Sarepta Therapeutics, Inc., formerly known as AVI BioPharma, Inc., is headquartered in Bothell, Washington.


The status of Barchart's Opinion trading systems are listed below.  Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates.  The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart Technical Indicators:

  • 100% Barchart technical buy signals
  • 61.60+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 14.55% in the last month
  • Relative Strength Index 63.22%
  • Barchart computes a technical support level at 33.22
  • Recently traded at 36.69 with a 50 day moving average of 32.51
Fundamental factors:
  • Market Cap $1.52 billion
  • The Revenue and earnings estimated are not reliable because they are all over the place
  • Wall Street analysts issued 6 strong buy, 2 buy and 6 hold recommendations on the stock
The 100 day moving avnlerages vs price has been a reliable technical trading strategy for this stock

Thursday, August 27, 2015

Heron Therapeutics - Chart of the Day

Heron Therapeutics (HRTX) is the Barchart Chart of the Day.  The medical drug company has a Trend Spotter buy signal, a Weighted Alpha of 191.31+ and gained 276.57% in the last year.

The Chart of the Day is Heron Therapeutics (HRTX).  I found the medical drug stock by using Barchart to sort the Russell 3000 Index stocks first for the Barchart technical buy signals of 80% or better then for a positive Weighted Alpha.  Since the Trend Spotter signaled a buy on 8/11 the stock gained 16.76%.


Heron Therapeutics Inc. is a specialty pharmaceutical company. The company is developing products using its proprietary Biochronomer (TM) polymer-based drug delivery platform. Its product portfolio includes APF530, is being developed for the prevention of acute chemotherapy-induced nausea and vomiting. Heron Therapeutics Inc., formerly known as A.P. Pharma, Inc., is based in Redwood City, CA.

The status of Barchart's Opinion trading systems are listed below.  Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates.  The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 191.31+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 30 and 100 day moving averages
  • 3 new highs and up 9.47% in the last month
  • Relative Strength Index 61.62%
  • Barchart computes a technical support level at 32.81
  • Recently traded at 35.36 with a 50 day moving average of 32.14
Fundamental factors:
  • Market Cap $1.22 billion
  • Revenue estimates not given
  • Earnings estimated to increase 1.40% this year, an additional 36.40% next year and continue to compound at an annual rate of 54.00% for the next 5 years
  • Wall Street analysts issued 6 strong buy ratings on this stock
The 20-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

Under current market condition I am making no buy recommendations.  This post is meant to show you that even in choppy markets like the present Barchart can assist you in finding stocks trading against the tape.


Only 2 Mid Cap Stocks Made the Cut

Normally, I'd be posting the 5 Best Stock of the S&P 400 Mid Cap Index but only 2 met the criteria I require.

Making the cut were Guess (GES) and Acxiom (ACXM).

Guess (GES)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Weighted Alpha 3.60+
  • Above its 20, 50 and 100 day moving averages
  • 2 new highs and up 1.18% in the last month
  • Relative Strength Index 61.63%
  • Barchart computes a technical support level at 19.67
  • Recently traded at 20.86 with a 50 day moving average of 18.65
Acxiom (ACXM)


Barchart technical indicators:
  • 80% Barchart technical buy  signals
  • Trend Spotter buy signal
  • Weighted Alpha 17.80+
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 19.35% in the last month
  • Relative Strength Index 63.62%
  • Barchart computes a technical support level at 19.67
  • Recently traded at 20.86 with a 50 day moving average of 18.65







THE NUMBERS DON'T ADD UP

Something I learned long ago was the Economy and the Stock Market are two very separate entities. Normally they correlate and we have an expanding economy and as stocks prices climb an expanding stock market capitalization and everyone is happy

I always try to be on the right side of the market by noticing if both the economy and stock market are expanding at the same time.  When one is expanding and the other is contracting I get worried.  When both are contracting I panic and sit out the next few dances.

On August 20  The Conference Board released their monthly  report on their Leading and Coincident Economic Indicators:  Conference Board LEI Press Release

In that report they said the Leading Economic Indicators DECLINED by 0.2%,

My proxy for the Stock Market is the Value Line Arithmetic Index, an unweighted index of the 1700 stocks followed by the Value Line Investment Survey which in aggregate contains over 95% of the entire US public companies' capitalization.

Look at this chart:


Look at these Barchart Technical indicators:

  • 96% Barchart technical sell signals
  • Trend Spotter sell signals
  • Below its 20, 50 and 100 day moving averages
  • Weighted Alpha Negative 10.07
  • 12.65% off its 52 week high
  • Relative Strength Index 31.41%
  • 50-100 Day MACD Oscillator Sell signal
My interpretation of these numbers is the Economy is contracting and the Capitalization of the Stock Market is contracting.

I don't know about you but I'm comfortable with my cash position and will sit on the sideline till these two indicators reverse.