Wednesday, April 27, 2016

Becton Dickinson - Chart of the Day

Becton Dickinson (BDX) is the Barchart Chart of the Day.  The dental supply company has a Trend Spotter buy signal, a weighted Alpha of 16.81+, gained 13.67% in the  last year and paid a 1.65% dividend.

The Chart of the Day belongs to Becton Dickinson (BDX).  I found the dental supply stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals over 80%.   Nest I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 2/24 the stock gained 9.48%

Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. BD's operations consist of three worldwide business segments: Medical Systems, Biosciences, and Preanalytical Solutions.


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% technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 8.26% in the last month
  • Relative Strength Index 69.08%
  • Technical support level at 158.49
  • Recently traded at 161.45 with a 50 day moving average of 151.97
Fundamental factors:
  • Market Cap $ 34.25 billion
  • P/E 21.20
  • Dividend yield 1.65%
  • Revenue expected to grow 21.20% this year, and another 3.00% next year
  • Earnings estimated to increase 18.00% this year, an additional 11..60% next year and continue to compound at an annual rate of 13.61% for the next 5 years
  • Wall Street analysts issued 6 strong buys, 5 buys and 7 holds

Tuesday, April 26, 2016

Baxter International - Chart of the Day

Baxter International (BAX) is the Barchart Chart of the Day.  The medical products company has a Trend Spotter buy signal, a Weighted Alpha of 23.60+, gained 13.78% in the last year and paid a 1.06% dividend.

The Chart of the Day belongs to Baxter International (BAX).  I found the medical products stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Then I use the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 2/2 the stock gained 16.10%.

Baxter International engages in the worldwide development, manufacture and distribution of a diversified line of products, systems and services used primarily in the health-care field. The company's products are used by hospitals, clinical and medical research laboratories, blood and dialysis centers, rehabilitation centers, nursing homes, doctors' offices and by patients, at home, under physician supervision.


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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 9.67% in the last month
  • Relative Strength Index 73.20%
  • Technical support level at 43.08
  • Recently traded at 44.07 with a 50 day moving average of 40.72
Fundamental factors:
  • Market Cap $24.08 billion
  • P/E 15.25
  • Dividend yield 1.06%
  • Revenue expected to be down .60% this year but grow again by 3.50% next year
  • Earnings estimated to increase 9.40% this year, an additional 17.20% next year and continue to compound at an annual rate of 11.42% for the next 5 years
  • Wall Street analysts issued 2 buy and 11 hold recommendations on the stock

5 NASDAQ 100 Stocks for Momentum Investors

Today I used Barchart to sort the NASDAQ 100 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the charts for consistency.  Today's watch list includes:

21st Century Fox (FOX), Gilead Sciences (GILD), Liberty Interactive (QVCA), Amgen (AMGN) and Ulta Salon Cosmetics (ULTA)

21st Century Fox (FOX)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 9.85% in the last month
  • Relative Strength Index 73.46%
  • Technical support level at 30.42
  • Recently traded at 30.83 with a 50 day moving average of 28.40


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 11.06% in the last month
  • Relative Strength Index 70.36%
  • Technical support level at 101.18
  • Recently traded at 101.45 with a 50 day moving average of 92.79


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 7.81% in the last month
  • Relative Strength Index 62.65%
  • Technical support level at 26.31
  • Recently traded at 26.71 with a 50 day moving average of 25.53
Amgen (AMGN)


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 8.62% in the last month
  • Relative Strength Index 64.60%
  • Technical support level at 161.55
  • Recently traded at 162.57 with a 50 day moving average of 151.36


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 7.44% in the last month
  • Relative Strength Index 66.49%
  • Technical support level at 202.50
  • Recently traded at 206.04 with a 50 day moving average of 184.62










MORNING CALL 4/26

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM16 +0.12%) are up +0.12% and European stocks are up +0.22% ahead of the start of the 2-day FOMC meeting that begins today. The market is not expecting any increase in interest rates at this meeting but will be looking for clues as when to the Fed may be considering another hike in rates. Energy producers are stronger as crude oil (CLM16 +1.01%) is up +0.89% and GBP/USD is up +0.52% at a 2-1/2 month high on speculation that Britain will vote to remain in the EU following the June 23 referendum. Asian stocks settled mixed: Japan -0.49%, Hong Kong +0.48%, China +0.61%, Taiwan +0.25%, Australia -0.30%, Singapore -0.19%, South Korea +0.32%, India +1.28%.
The dollar index (DXY00 -0.25%) is down -0.26%. EUR/USD (^EURUSD) is up +0.12%. USD/JPY (^USDJPY) is down -0.26%.
Jun T-note prices (ZNM16 -0.04%) are down -2.5 ticks at a 4-week low.

U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Mar durable goods orders (expected +1.8% and +0.5% ex transportation, Feb -3.0% and -1.3% ex transportation), (2) Feb S&P/CaseShiller composite-20 home price index (expected +0.8% m/m and +5.5% y/y, Jan +0.8% m/m and +5.75% y/y), (3) prelim-Apr Markit services PMI (expected +0.7 to 52.0, Mar +1.6 to 51.3), (4) Apr Conference Board U.S. consumer confidence index (expected -0.3 to 95.9, Mar +2.2 to 96.2), (5) Apr Richmond Fed manufacturing survey (expected -10 to 12, Mar +26 to 22), (6) first day of the 2-day FOMC meeting, and (7) the Treasury's auction of $34 billion of 5-year T-notes.
There are 50 of the S&P 500 companies that report earnings today with notable reports including: Apple (consensus 2.00), eBay (0.45), Capital One (1.92), Procter & Gamble (0.82), AT&T (0.69), Chipotle (-1.05),
U.S. IPO's scheduled to price today: Yintech Investment Holdings (YIN), Red Rock Investments (RRR).
Equity conferences this week include: Nomura Retail and Restaurants Conference on Wed.
OVERNIGHT U.S. STOCK MOVERS
NXP Semiconductors (NXPI -1.24%) climbed over 2% in pre-market trading after it reported Q1 adjusted EPS of $1.14, higher than consensu sof $1.11.
Pioneer National Resources (PXD +0.23%) gained almost 3% in after-hours trading after it said it sees 2016 production growth of 12%, higher than a previous estimate of 10%.
Chemtura (CHMT +0.14%) was upgraded to 'Buy' from 'Hold' at BB&T Capital Markets with a 12-month price target of $37.
Spark Energy (SPKE -2.06%) was rated a new 'Outperform' at FBR Capital Markets with a 12-month price target of $27.
Express Scripts Holdings (ESRX +0.23%) fell over 2% in after-hour trading after it reported Q1 adjusted EPS of $1.22, right on consensus, but Q1 revenue of $24.8 billion was less than consensus of $25.2 billion.
Office Depot (ODP -1.13%) reported Q1 adjusted EPS of 10 cents, below consensus of 12 cents.
Ethan Allen Interiors (ETH -0.06%) rallied nearly 4% in after-hours trading after it reported Q3 adjusted EPS of 34 cents, better than consensus of 31 cents,
Canadian National Railway (CNI -1.05%) slipped nearly 5% in after-hours trading after it cut its full-year forecast and said it sees carloads down 4%-5%y/y.
Sanmina (SANM +0.82%) rose over 5% in after-hours trading after it reported Q2 non-GAP EPS of 63 cents, higher than consensus of 57 cents.
Artana Therapeutics (PETX -4.29%) climbed over 15% in after-hours trading after it entered into a licensing agreement with Eli Lilly's Elanco animal health unit.
Nabors Industries (NBR -4.34%) fell nearly 5% in after-hours trading after it reported Q1 operating revenue of $597.6 million, less than consensus of $633.4 million and said it sees margins deteriorating, particularly in the lower 48 U.S. states.
Knowles (KN -8.89%) surged over 20% in after-hours trading after it reported Q1 adjusted EPS of 8 cents, more than double consensus of 3 cents, and said it sees Q2 adjusted EPS of 8 cents-14 cents, above consensus of 8 cents.
Container Store Group (TCS -8.04%) jumped over 20% in after-hours trading after it reported Q4 adjusted EPS of 20 cents, right on consensus, but said comparable sales were up +0.2%, better than expectations of a -3.6% decline.
Ballard Power Systems (BLDP -2.11%) rallied over 15% in after-hours trading after it delivered a prototype PEM (proton exchange membrane) fuel cell propulsion modules to Boeing's Insitu unit for use in the ScanEagle unmanned aerial vehicle.

MARKET COMMENTS
June E-mini S&Ps (ESM16 +0.12%) this morning are up +2.50 points (+0.12%). Monday's closes: S&P 500 -0.18%, Dow Jones -0.15%, Nasdaq unchanged. The S&P 500 on Monday closed lower on negative carryover from a slide in European stocks after a gauge of German investor confidence unexpectedly declined. Stocks were also undercut by the unexpected -1.5% decline in U.S. Mar new home sales to 511,000 (weaker than expectations of +1.6% to 520,000).
June 10-year T-note prices (ZNM16 -0.04%) this morning are down -2.5 ticks at a 4-week low. Monday's closes: TYM6 -3.00, FVM6 -1.50. Jun T-notes on Monday fell to a 3-1/2 week low and closed lower on supply overhang amidst this week's $103 billion T-note auction package, the rise in the 10-year T-note breakeven inflation expectations rate to an 8-1/2 month high, and negative carryover from a fall in German bund prices to a 5-week low.
The dollar index (DXY00 -0.25%) this morning is down -0.251 (-0.26%). EUR/USD (^EURUSD) is up +0.0014 (+0.12%). USD/JPY (^USDJPY) is down-0.29 (-0.26%). Monday's closes: Dollar Index -0.274 (-0.29%), EUR/USD +0.0046 (+0.41%), USD/JPY -0.59 (-0.53%). The dollar index on Monday closed lower on weakness in USD/JPY as a slide in stocks boosted the safe-haven demand for the yen. The dollar was also hurt by strength in GBP/USD, which climbed to a 2-1/4 month high on increased hopes for Britain to remain within the EU ahead of June's referendum.
June WTI crude oil (CLM16 +1.01%) this morning is up +38 cents (+0.89%). June gasoline (RBM16 +0.88%) is up +0.0119 (+0.78%). Monday's closes: CLM6 -1.09 (-2.49%), RBM6 -0.0170 (-1.10%). Jun crude and gasoline on Monday closed lower on concern that the global crude oil glut will persist after Saudi Aramco said it will complete expansion of its Shaybah oilfield next month to boost its output capacity to 1.0 million bpd from 750,000 bpd currently. In addition, Iranian Oil Minister Zanganeh said Iran's oil production has increased by +1.0 million bpd since Jan and will continue to increase until Iran's pre-sanctions oil market share is regained.
GLOBAL EVENT CALENDAR04/26/2016
US0830 ETMar durable goods orders expected +1.8% and +0.5% ex transportation, Feb -3.0% and -1.3% ex transportation. Mar capital goods new orders nondefense ex-aircraft & parts expected +0.6%, Feb -2.5%.
0900 ETFeb S&P/CaseShiller composite-20 home price index expected +0.8% m/m and +5.5% y/y, Jan +0.8% m/m and +5.75% y/y.
0945 ETPrelim-Apr Markit services PMI expected +0.7 to 52.0, Mar +1.6 to 51.3. Apr Markit composite PMI, Mar +1.3 to 51.3.
1000 ETApr Conference Board U.S. consumer confidence index expected -0.3 to 95.9, Mar +2.2 to 96.2.
1000 ETApr Richmond Fed manufacturing survey expected -10 to 12, Mar +26 to 22.
1030 ETFOMC begins 2-day policy meeting.
1300 ETTreasury auctions $34 billion of 5-year T-notes.
CHI2130 ETChina Mar industrial profits, Feb -4.7% y/y.
2145 ETChina Apr Westpac-MNI consumer sentiment, Mar +6.8 to 118.1.
U.S. STOCK CALENDAR04/26/2016

CompanyTickerTimeEvent DescriptionPeriodEstimate
Baxter International IncBAX USBef-mktQ1 2016 Earnings ReleaseQ1 20160.292
Corning IncGLW USBef-mktQ1 2016 Earnings ReleaseQ1 20160.284
EI du Pont de Nemours & CoDD USBef-mktQ1 2016 Earnings ReleaseQ1 20161.036
Entergy CorpETR USBef-mktQ1 2016 Earnings ReleaseQ1 20161.192
Freeport-McMoRan IncFCX USBef-mktQ1 2016 Earnings ReleaseQ1 2016-0.172
Hershey Co/TheHSY USBef-mktQ1 2016 Earnings ReleaseQ1 20161.068
Eli Lilly & CoLLY USBef-mktQ1 2016 Earnings ReleaseQ1 20160.853
3M CoMMM USBef-mktQ1 2016 Earnings ReleaseQ1 20161.924
Procter & Gamble Co/ThePG USBef-mktQ3 2016 Earnings ReleaseQ3 20160.817
Ryder System IncR USBef-mktQ1 2016 Earnings ReleaseQ1 20161.048
PACCAR IncPCAR USBef-mktQ1 2016 Earnings ReleaseQ1 20160.959
Pentair PLCPNR USBef-mktQ1 2016 Earnings ReleaseQ1 20160.713
T Rowe Price Group IncTROW USBef-mktQ1 2016 Earnings ReleaseQ1 20161.032
Simon Property Group IncSPG USBef-mktQ1 2016 Earnings ReleaseQ1 20162.537
Lockheed Martin CorpLMT USBef-mktQ1 2016 Earnings ReleaseQ1 20162.602
Reynolds American IncRAI USBef-mktQ1 2016 Earnings ReleaseQ1 20160.503
DTE Energy CoDTE USBef-mktQ1 2016 Earnings ReleaseQ1 20161.49
Wyndham Worldwide CorpWYN USBef-mktQ1 2016 Earnings ReleaseQ1 20161.105
Whirlpool CorpWHR US6:00Q1 2016 Earnings ReleaseQ1 20162.684
Centene CorpCNC US6:00Q1 2016 Earnings ReleaseQ1 20160.719
Ingersoll-Rand PLCIR US6:30Q1 2016 Earnings ReleaseQ1 20160.367
Masco CorpMAS US7:00Q1 2016 Earnings ReleaseQ1 20160.262
Waters CorpWAT US7:00Q1 2016 Earnings ReleaseQ1 20161.234
McGraw Hill Financial IncMHFI US7:15Q1 2016 Earnings ReleaseQ1 20161.153
Parker-Hannifin CorpPH US7:30Q3 2016 Earnings ReleaseQ3 20161.445
FLIR Systems IncFLIR US7:30Q1 2016 Earnings ReleaseQ1 20160.321
Coca-Cola Enterprises IncCCE US8:00Annual General MeetingY 2016
EI du Pont de Nemours & CoDD US8:00Q1 2016 Earnings CallQ1 2016
Masco CorpMAS US8:00Q1 2016 Earnings CallQ1 2016
Pentair PLCPNR US8:00Q1 2016 Earnings CallQ1 2016
Baxter International IncBAX US8:30Q1 2016 Earnings CallQ1 2016
Corning IncGLW US8:30Q1 2016 Earnings CallQ1 2016
Hershey Co/TheHSY US8:30Q1 2016 Earnings CallQ1 2016
McGraw Hill Financial IncMHFI US8:30Q1 2016 Earnings CallQ1 2016
Procter & Gamble Co/ThePG US8:30Q3 2016 Earnings CallQ3 2016
Express Scripts Holding CoESRX US8:30Q1 2016 Earnings CallQ1 2016
Waters CorpWAT US8:30Q1 2016 Earnings CallQ1 2016
Centene CorpCNC US8:30Q1 2016 Earnings CallQ1 2016
Coach IncCOH US8:30Q3 2016 Earnings CallQ3 2016
Wyndham Worldwide CorpWYN US8:30Q1 2016 Earnings CallQ1 2016
American Electric Power Co IncAEP US9:00Annual General Meeting
Eli Lilly & CoLLY US9:00Q1 2016 Earnings CallQ1 2016
3M CoMMM US9:00Q1 2016 Earnings CallQ1 2016
Exelon CorpEXC US9:00Annual General Meeting
Citigroup IncC US9:00Annual General MeetingY 2016
Reynolds American IncRAI US9:00Q1 2016 Earnings CallQ1 2016
DTE Energy CoDTE US9:00Q1 2016 Earnings CallQ1 2016
Comerica IncCMA US9:30Annual General Meeting
Freeport-McMoRan IncFCX US10:00Q1 2016 Earnings CallQ1 2016
Ingersoll-Rand PLCIR US10:00Q1 2016 Earnings CallQ1 2016
International Business Machines CorpIBM US10:00Annual General MeetingY 2016
Kimco Realty CorpKIM US10:00Annual General MeetingY 2016
Wells Fargo & CoWFC US10:00Annual General MeetingY 2016
Whirlpool CorpWHR US10:00Q1 2016 Earnings CallQ1 2016
Pioneer Natural Resources CoPXD US10:00Q1 2016 Earnings CallQ1 2016
Entergy CorpETR US11:00Q1 2016 Earnings CallQ1 2016
Parker-Hannifin CorpPH US11:00Q3 2016 Earnings CallQ3 2016
PNC Financial Services Group Inc/ThePNC US11:00Annual General MeetingY 2016
Praxair IncPX US11:00Annual General MeetingY 2016
Ryder System IncR US11:00Q1 2016 Earnings CallQ1 2016
PACCAR IncPCAR US11:00Q1 2016 Earnings CallQ1 2016
FLIR Systems IncFLIR US11:00Q1 2016 Earnings CallQ1 2016
Simon Property Group IncSPG US11:00Q1 2016 Earnings CallQ1 2016
Lockheed Martin CorpLMT US11:00Q1 2016 Earnings CallQ1 2016
Centene CorpCNC US11:00Annual General MeetingY 2016
UDR IncUDR US13:00Q1 2016 Earnings CallQ1 2016
PACCAR IncPCAR US13:30Annual General Meeting
FMC CorpFMC US14:00Annual General MeetingY 2016
Capital One Financial CorpCOF US16:05Q1 2016 Earnings ReleaseQ1 20161.92
Robert Half International IncRHI US16:15Q1 2016 Earnings ReleaseQ1 20160.642
Edwards Lifesciences CorpEW US16:15Q1 2016 Earnings ReleaseQ1 20160.658
AT&T IncT US16:30Q1 2016 Earnings CallQ1 2016
Akamai Technologies IncAKAM US16:30Q1 2016 Earnings CallQ1 2016
Chipotle Mexican Grill IncCMG US16:30Q1 2016 Earnings ReleaseQ1 2016-1.054
Danaher CorpDHR US17:00ITC Final Decision Due in Instradent vs. Danaher Corp. Patent Case
Robert Half International IncRHI US17:00Q1 2016 Earnings CallQ1 2016
Total System Services IncTSS US17:00Q1 2016 Earnings CallQ1 2016
Apple IncAAPL US17:00Q2 2016 Earnings CallQ2 2016
Capital One Financial CorpCOF US17:00Q1 2016 Earnings CallQ1 2016
eBay IncEBAY US17:00Q1 2016 Earnings CallQ1 2016
Edwards Lifesciences CorpEW US17:00Q1 2016 Earnings CallQ1 2016
Chipotle Mexican Grill IncCMG US17:00Q1 2016 Earnings CallQ1 2016
Aflac IncAFL USAft-mktQ1 2016 Earnings ReleaseQ1 20161.626
AT&T IncT USAft-mktQ1 2016 Earnings ReleaseQ1 20160.692
Public StoragePSA USAft-mktQ1 2016 Earnings ReleaseQ1 20162.194
Torchmark CorpTMK USAft-mktQ1 2016 Earnings ReleaseQ1 20161.063
Total System Services IncTSS USAft-mktQ1 2016 Earnings ReleaseQ1 20160.613
Apple IncAAPL USAft-mktQ2 2016 Earnings ReleaseQ2 20161.998
KLA-Tencor CorpKLAC USAft-mktQ3 2016 Earnings ReleaseQ3 20160.98
Cincinnati Financial CorpCINF USAft-mktQ1 2016 Earnings ReleaseQ1 20160.727
Equity ResidentialEQR USAft-mktQ1 2016 Earnings ReleaseQ1 20160.758
Realty Income CorpO USAft-mktQ1 2016 Earnings ReleaseQ1 20160.705
Boston Properties IncBXP USAft-mktQ1 2016 Earnings ReleaseQ1 20161.587
CH Robinson Worldwide IncCHRW USAft-mktQ1 2016 Earnings ReleaseQ1 20160.818
FirstEnergy CorpFE USAft-mktQ1 2016 Earnings ReleaseQ1 20160.759
eBay IncEBAY USAft-mktQ1 2016 Earnings ReleaseQ1 20160.446
Akamai Technologies IncAKAM USAft-mktQ1 2016 Earnings ReleaseQ1 20160.631
FMC Technologies IncFTI USAft-mktQ1 2016 Earnings ReleaseQ1 20160.299
Assurant IncAIZ USAft-mktQ1 2016 Earnings ReleaseQ1 20161.213
PerkinElmer IncPKI USAnnual General Meeting
EOG Resources IncEOG USAnnual General Meeting
Noble Energy IncNBL USAnnual General Meeting
BB&T CorpBBT USAnnual General Meeting
SunTrust Banks IncSTI USAnnual General Meeting
VF CorpVFC USAnnual General MeetingY 2016
Perrigo Co PLCPRGO USAnnual General Meeting
Apartment Investment & Management CoAIV USAnnual General Meeting
Affiliated Managers Group IncAMG USQ1 2016 Earnings ReleaseQ1 20162.922
Coach IncCOH USQ3 2016 Earnings ReleaseQ3 20160.414
Wynn Resorts LtdWYNN USQ1 2016 Earnings ReleaseQ1 20160.768
Teradata CorpTDC USAnnual General Meeting
Spectra Energy CorpSE USAnnual General Meeting

Hawaiian Holdings Sell Signals

This morning I deleted Hawaiian Holdings (HA) for the Barchart Van Meerten New High portfolio for negative price momentum.


Barchart technical indicators:
  • 32% technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 14.39% off its recent high
  • Relative Strength Index 34.62%
  • Recently traded at 43.94 which is under its 50 day moving average of 45.53


Monday, April 25, 2016

Douglas Emmett - Chart of the Day

Douglas Emmett (DEI) is the Barchart Chart of the Day.  The equity REIT has a Trend Spotter buy signal, a Weighted Alpha of 16.20+, gained 10.27% in the last year and paid a 2.81% dividend.

The Chart of the Day belongs to Douglas Emmett (DEI).  I found the equity REIT by using Barchart to sort today's All Time High list first for the most frequent number of new high in the last month then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 3/3 the stock gained 13.00%.

Douglas Emmett is a fully integrated, self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company's properties are concentrated in ten submarkets Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.

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:

  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 9.49% in the last month
  • Relative Strength Index 74.11%
  • Technical support level at 30.95
  • Recently traded at 32.56 with a 50 day moving average of 29.20
Fundamental factors:
  • Market Cap $4.78 billion
  • P/E 19.07
  • Dividend yield 2.81%
  • Revenue expected to grow 7.00% this year and another .60% next year
  • Earnings estimated to increase at an annual ate of 6.70% this year, an additional 6.30% next year and continue to compound at an annual rate of 5.65% for the next 5 years
  • Wall Street analysts are all over the map with 3 strong buy, 5 buy, 6 hold, 2 under perform and 1 sell call on the stock



Control4 - Sell signals

Today I deleted Control4 (CTRL) from the Barchart Van Meerten Speculative portfolio for negative price momentum.


Barchart technical indicators:
  • 56% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 42.84% off its recent high
  • Relative Strength Index 39.50%
  • Recently traded at 7.36 which is below its 50 day moving average of 8.04


Sovern Self Storage/ Cubesmart sell signals

Today I deleted Sovran Self Storage (SSS) and Cubesmart (CUBE) from the  Barchart Van Meerten New High portfolio for negative price momentum.

Sovran Self Storage (SSS)


Barchart technical indicators:
  • 40% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 8.03% off its recent high
  • Relative Strength Index 36.17%
  • Recently traded at 108.86 which is below its 50 day moving average of 111.32
Cubesmart (CUBE)


Barchart technical indicators:
  • 40% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 9.34% off its recent high
  • Relative Strength Index 35.79%
  • Recently traded at 30.38 which is below its 50 day moving average of 31.39




5 Small Caps for Momentum Investors

This morning I used Barchart to sort the S&P 600 Small Cap Index stocks first for the most frequent number of new highs in the last month then again for technical buy signals  of 80% or more.  I used the Flipchart feature to review the charts for consistency.  Today's watch list includes:

Ligand Pharmaceuticals (LGND), Kraton Performance Polymers (KRA), Olympic Steel (ZEUS), Vasco Data Security (VDSI) and Examworks (EXAM)

Ligand Pharmaceuticals (LGND)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 26.19% in the last month
  • Relative Strength Index 79.24%
  • Technical support level at 125.16
  • Recently traded at 129.58 with a 50 day moving average of 105.50


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 38.58% in the last month
  • Relative Strength Index 80.31%
  • Technical support level at 21.75
  • Recently traded at 22.01 with a 50 day moving average of 17.34


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 23.98% in the last month
  • Relative Strength Index 77.97%
  • Technical support level at 18.78
  • Recently traded at 20.71 with a 50 day moving average of 15.25


Barchatrt technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 an d100 day moving averages
  • 15 new highs and up 17.51% in the last month
  • Relative Strength Index 72.53%
  • Technical support level at 16.87
  • Recently traded at 17.34 with a 50 day moving average of 15.25
Examworks (EXAM)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 an d100 day moving averages
  • 15 new highs and up 20.05% in the last month
  • Relative Strength Index 75.52%
  • Technical support level at 33.12
  • Recently traded at 33.43 with a 50 day moving average of 29.13










MORNING CALL 4/25

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM16 -0.07%) are down -0.11% and European stocks are down -0.46% as crude oil and metals prices fall. Marathon Oil is down over 2% in pre-market trading to lead energy producing stocks lower and Freeport McMoRan and Alcoa are both down over 1% in pre-market trading to lead raw-material producers lower. Another negative for European stocks was an unexpected decline in German Apr IFO business confidence. Asian stocks settled mostly lower: Japan -0.76%, Hong Kong -0.76%, China -0.42%, Taiwan +0.29%, Australia closed for holiday, Singapore -1.37%, South Korea -0.08%, India -0.62%. Chinese stocks closed lower as material companies fell after commodity exchanges in Zhengzhou and Dalian announced late Friday that they will raise margin requirements on futures contracts of cotton and thermal coal, which followed hikes of margins in steel reinforcement-bar iron and iron ore contracts earlier last week. Recent stronger-than-expected Chinese economic data has reduced the odds of further easing and led to increased speculation in Chinese commodity markets. Japan's Nikkei Stock Index retreated from a 2-3/4 month high and closed lower after USD/JPY fell back from a 3-week high and moved lower, which curbs the earnings prospects of Japanese exporters.
The dollar index (DXY00 -0.35%) is down -0.23%. EUR/USD (^EURUSD) is up +0.34%. USD/JPY (^USDJPY) is down -0.63%.
Jun T-note prices (ZNM16 +0.11%) are up +3 ticks.
The German Apr IFO business climate unexpectedly fell -0.1 to 106.6, weaker than expectations of +0.4 to 107.1.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Mar new home sales (expected +1.6% to 520,000, Feb +2.0% to 512,000), (2) Apr Dallas Fed manufacturing activity (expected +3.6 to -10.0, Mar +18.2 to -13.6), and (3) the Treasury's auction of $26 billion of 2-year T-notes.
There are 5 of the S&P 500 companies that report earnings today with notable reports including: Halliburton (consensus $0.04), Lab Corp of America (1.95), Roper Technologies (1.46), Xerox (0.23), Express Scripts (1.22), Pioneer Natural Resources (-0.75).
U.S. IPO's scheduled to price today: none.
Equity conferences this week include: Nomura Retail and Restaurants Conference on Wed.
OVERNIGHT U.S. STOCK MOVERS
Marathon OIL (MRO +3.46%) slid over 2% in pre-market trading as the price of crude oil fell.
Public Storage (PSA +0.73%) dropped over 1% in pre-market trading after it was downgraded to 'Sell' form 'Neutral' at Goldman Sachs.
Freeport McMoRan (FCX +1.30%) and Alcoa (AA -0.19%) are both down over 1% in pre-market trading as the price of copper declined.
PulteGroup (PHM -0.42%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.
L Brands (LB -0.58%) was upgraded to 'Buy' from 'Hold' at Stifel with a price target of $90.
Hub Group (HUBG +2.26%) was downgraded to 'Hold' from 'Buy' at BB&T Capital Markets.
Jazz Pharmaceuticals Plc (JAZZ +0.67%) was upgraded to 'Buy' from 'Neutral' at SunTrust with a price target of $200.
Discovery Communications (DISCK +0.98%) was downgraded to 'Hold' from 'Buy' at Topeka Capital Markets.
Joy Global (JOY -0.82%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.
International Paper (IP +1.86%) was downgraded to 'Sector Perform' from 'Outperform' at RBC Capital Markets.
Halliburton (HAL +1.26%) reported Q1 revenue of $4.2 billion, higher than consensus of $4.15 billion, said it cut over 6,000 jobs in Q1, and took a $2.1 billion after-tax restructuring charge in Q1.
Inflobox (BLOX +1.52%) jumped almost 6% in after-hours trading after Starboard Value reported a 7.5% stake in the company.
Cabot Oil & Gas (COG +1.88%) fell nearly 3% in after-hours trading after the New York Department of Environmental Conservation denied a key water permit for the Constitution gas pipeline.
MARKET COMMENTS
June E-mini S&Ps (ESM16 -0.07%) this morning are down -2.25 points (-0.11%). Friday's closes: S&P 500 unch, Dow Jones +0.12%, Nasdaq -1.47%. The S&P 500 on Friday closed little changed. Stocks were boosted by strength in bank stocks and by a rally in mining stocks and energy producers after copper prices rose to a 1-month high and crude oil prices gained. Stocks were undercut by the unexpected -0.7 point decline in the U.S. Apr Markit manufacturing PMI to 50.8 (weaker than expectations of +0.5 to 52.0) and by a slide in technology as the Nasdaq fell to a 1-1/2 week low after Microsoft and Alphabet both reported disappointing earnings results.
June 10-year T-note prices (ZNM16 +0.11%) this morning are up +3 ticks. Friday's closes: TYM6 -4.50, FVM6 -2.75. Jun T-notes on Friday fell to a 3-week low and closed lower on the rise in the 10-year T-note breakeven inflation expectations rate to a 3-week high and on reduced safe-haven demand as stocks recovered from early losses.
The dollar index (DXY00 -0.35%) this morning is down -0.215 (-0.23%). EUR/USD (^EURUSD) is up +0.0038 (+0.34%). USD/JPY (^USDJPY) is is down -0.70 (-0.63%). Friday's closes: Dollar Index +0.517 (+0.55%), EUR/USD -0.0066 (-0.58%), USD/JPY +2.33 (+2.12%). The dollar index on Friday closed higher on the rally in USD/JPY to a 2-1/2 week high on speculation the BOJ will boost stimulus measures when it meets Apr 27-28 in an attempt to weaken the yen. In addition, EUR/USD saw weakness on the unexpected decline in the Eurozone Apr Markit manufacturing PMI (-0.1 versus expectations of +0.3).
June WTI crude oil (CLM16 -0.75%) this morning is down -39 cents (-0.89%). June gasoline (RBM16 -0.80%) is down -0.0119 (-0.77%). Friday's closes: CLM6 +0.57 (+1.32%), RBM6 +0.0162 (+1.06%). Jun crude and gasoline on Friday closed higher with Jun gasoline at a 3-1/2 month high. Crude oil prices were boosted by the outlook for U.S. crude production to continue to decline after Baker Hughes reported that the number of active U.S. oil rigs fell -8 to a 6-1/2 year low of 343 rigs in the week ended Apr 22. In addition, the International Energy Agency forecast that non-OPEC oil production will drop about -700,000 bpd this year.
GLOBAL EVENT CALENDAR04/25/2016
US1000 ETMar new home sales expected +1.6% to 520,000, Feb +2.0% to 512,000.
1030 ETApr Dallas Fed manufacturing activity expected +3.6 to -10.0, Mar +18.2 to -13.6.
1100 ETUSDA weekly grain export inspections.
1300 ETTreasury auctions $26 billion of 2-year T-notes.
1600 ETUSDA Weekly Crop Progress.
JPN0100 ETRevised Japan Feb leading index CI, preliminary 99.8. Revised Feb coincident index, preliminary 110.3.
GER0400 ETGerman Apr IFO business climate expected +0.3 to 107.0, Mar 106.7. Apr IFO current assessment expected -0.1 to 113.7. Apr IFO expectations expected +0.9 to 100.9, Mar 100.0.
UK0600 ETUK Apr CBI trends total orders expected -3 to -17, Mar -14. Apr CBI business optimism, Mar -4. Apr CBI trends selling prices, Mar -1.
U.S. STOCK CALENDAR04/25/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Halliburton CoHAL USBef-mktQ1 2016 Earnings ReleaseQ1 20160.042
Laboratory Corp of America HoldingsLH USBef-mktQ1 2016 Earnings ReleaseQ1 20161.954
Roper Technologies IncROP USBef-mktQ1 2016 Earnings ReleaseQ1 20161.461
Xerox CorpXRX US7:00Q1 2016 Earnings ReleaseQ1 20160.23
United Technologies CorpUTX US8:00Annual General Meeting
Roper Technologies IncROP US8:30Q1 2016 Earnings CallQ1 2016
Laboratory Corp of America HoldingsLH US9:00Q1 2016 Earnings CallQ1 2016
Xerox CorpXRX US10:00Q1 2016 Earnings CallQ1 2016
Honeywell International IncHON US10:30Annual General MeetingY 2016
NVIDIA CorpNVDA US17:00ITC Final Decision Due in Samsung vs. Nvidia Patent-Infringement Case
UDR IncUDR USAft-mktQ1 2016 Earnings ReleaseQ1 20160.431
Express Scripts Holding CoESRX USAft-mktQ1 2016 Earnings ReleaseQ1 20161.218
Zions BancorporationZION USAft-mktQ1 2016 Earnings ReleaseQ1 20160.393
Pioneer Natural Resources CoPXD USAft-mktQ1 2016 Earnings ReleaseQ1 2016-0.747
Zions BancorporationZION US17:30Q1 2016 Earnings CallQ1 2016
Genuine Parts CoGPC USAnnual General Meeting
Public StoragePSA USAnnual General Meeting
Hanesbrands IncHBI USAnnual General Meeting