Wednesday, December 7, 2016

5 NASDAQ 100 stocks for Momentum Investors

Today I wanted to find the 5 NASDAQ 100 Index stocks that had the most consistent momentum so I used Barchart to sort the NASDAQ 100 Index stocks first by the most frequent number of new highs in the last month. then again for technical buy signals of 80% or better.

Today's Watch List includes:  Starbucks (SBUX), Paccar (PCAR), T-Mobile US (TMUS), Applied Materials (AMAT) and American Airlines (AAL).

Starbucks (SBUX)


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 7.29% in the last month
  • Relative Strength Index 67.30%
  • Technical support level at 57.15
  • Recently traded at 58.50 with a 50 day moving average of 54.60
Paccar (PCAR)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 2061% in the last month
  • Relative Strength Index 76.98%
  • Technical support level at 63.81
  • Recently traded at 67.37 with a 50 day moving average of 58.67
T-Mobile US (TMUS)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 15.19% in the last month
  • Relative Strength Index 78.90%
  • Technical support level at 54.78
  • Recently traded at 58.29 with a 50 day moving average of 50.31


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 9.68% in the last month
  • Relative Strength Index 62.91%
  • Technical support level at 31.27
  • Recently traded at 32.23 with a 50 day moving average of 29.69


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 15.64% in the last month
  • Relative Strength Index 73.54%
  • Technical support level at 46.05
  • Recently traded at 47.89 with a 50 day moving average of 41.59

Morning Call 12/7

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Dec E-mini S&Ps (ESZ16 +0.01%) are up +0.02% and European stocks are up +1.01% at a 7-1/4 month high on optimism the ECB will prolong QE. Expectations are for the ECB at its monthly meeting tomorrow to extend its monthly asset purchases of 80 billion euros by 6 to 9 months. Also, energy producing stocks are higher with Jan WTI crude oil (CLF17-0.55%) up +0.20% after the API reported late yesterday that U.S. oil inventories fell -2.21 million bbl last week. Market anxiety has also fallen since last month's surprise election of Donald Trump as U.S. President as the VIX volatility index dropped to a 3-1/2 month low today. Asian stocks settled mostly higher: Japan +0.74%, Hong Kong +0.55%, China +0.71%, Taiwan +0.14%, Australia +0.91%, Singapore +0.36%, South Korea +0.28%, India -0.59%. India's S&P Sensex Stock Index erased an early rally and closed down -0.59 % after the Reserve Bank of India unexpectedly kept the benchmark repurchase rate unch at 6.25% when expectations were for a -25 bp cut to 6.00%.
The dollar index (DXY00 -0.03%) is unch. EUR/USD (^EURUSD) is up +0.06%. USD/JPY (^USDJPY) is down -0.04%.
Mar 10-year T-note prices (ZNH17 +0.16%) are up +5.5 ticks.
German Oct industrial production rose +0.3% m/m and +1.2% y/y, weaker than expectations of +0.8% m/m and +1.6% y/y.
UK Oct industrial production unexpectedly fell -1.3% m/m, weaker than expectations of +0.2% m/m and the biggest decline in 4 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -9.4% with purchase sub-index -0.2% and refi sub-index -16.2%), (2) Oct JOLTS job openings (expected +14,000 to 5.500 million, Sep +33,000 to 5.486 million), (3) Oct consumer credit (expected +$18.3 billion, Sep +$19.292 billion), (4) EIA Weekly Petroleum Status Report.
Russell 1000 earnings reports today include: Costco (consensus $1.19), John Wiley (0.66), Brown-Forman (0.50), Casey's General Stores (1.57), H&R Block (-0.68), lululemon athletica (0.43), Orbital ATK (1.39).
U.S. IPO's scheduled to price today: Collplant Holdings (CQPTD).
Equity conferences during the remainder of this week include: UBS Global Media and Communications Conference on Mon-Wed, Goldman Sachs U.S. Financial Services Conference on Tue-Wed, Wells Fargo Pipeline, MLP and Utility Symposium on Wed, Citi Global Health Care Conference on Wed-Thu, Barclays Global Technology, Media and Telecommunications Conference on Wed-Thu, Bernstein Consumer Summit on Wed-Thu, Capital One Southcoast Energy Conference on Wed-Thu, ACI European Biopolymer Summit on Thu.
OVERNIGHT U.S. STOCK MOVERS
Discover Financial Services (DFS +1.38%) was upgraded to 'Outperform' from 'Neutral' at Wedbush with a 12-month target price of $78.
Best Buy (BBY +0.23%) was rated a new 'Buy' at Loop Capital with a price target of $58.
ABIOMED (ABMD +2.72%) was rated a new 'Buy' at Guggenheim Securities with a 12-month target price of $150.
MasterCard (MA -1.50%) gained almost 1% in after-hours trading after it boosted its quarterly dividend to 22 cents a share from 19 cents, and then approved a $4 billion stock buyback program, effective upon completion of a previous program that has $1.3 billion remaining.
Western Digital (WDC +2.83%) rallied over 5% in after-hours trading after it renewed a royalty-bearing cross licensing agreement with Samsung through 2024, and then raised guidance on Q2 adjusted EPS to $2.10-$2.15 from an October 26 view of $1.85-$1.95.
Dave & Buster's Entertainment (PLAY -1.70%) jumped 12% in after-hours trading after it reported Q3 EPS of 25 cents, well above consensus of 14 cents, and then raised guidance on fiscal 2017 comparable store sales to up +3.1%-3.6% from a prior view of +2.25%-3.25%.
Bluebird Bio (BLUE +9.42%) fell over 2% in after-hours trading after it proposed a $200 million stock offering.
HealthEquity (HQY -2.76%) dropped over 4% in after-hours trading after it reported Q3 EPS of 10 cents, below consensus of 12 cents.
AeroVironment (AVAV +2.66%) tumbled nearly 10% in after-hours trading after it reported a Q2 loss per share of -18cents, a much bigger loss than expectations of -1 cent, and then said it sees a Q3 loss per share of -34 cents to -38 cents, more than consensus of -24 cents.
Ensco PLC (ESV +4.55%) declined over 6% in after-hours trading after it started a private placement of $650 million senior notes due 2014.
Sigma Designs (SIGM +1.31%) sank over 10% in after-hours trading after it said it expects Q4 revenue of $42 million-$45 million, weaker than consensus of $57.4 million.
TerraForm Power (TERP +1.83%) slid nearly 2% in after-hours trading after it said it sees completing the rest of its 2016 filings and regaining full compliance by March.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ16 +0.01%) this morning are up +0.50 of a point (+0.02%). Tuesday's closes: S&P 500 +0.34%, Dow Jones +0.18%, Nasdaq +0.22%. The S&P 500 on Tuesday closed higher on carry-over support from a rally in European stocks to a 3-week high on expectations that the ECB this Thursday will extend QE past March of next year. Stocks were also boosted by the +2.7% increase in U.S. Oct factory orders, stronger than expectations of +2.6% and the biggest increase in 16 months. Stocks were undercut by the U.S. Oct trade deficit of -$42.6 billion, which was wider than expectations of -$42.0 billion and was negative for Q4 GDP. There was also weakness in energy producer stocks as crude oil prices fell -1.70%.
Mar 10-year T-notes (ZNH17 +0.16%) this morning are up +5.5 ticks. Tuesday's closes: TYH7 unch, FVH7 +1.00. Mar 10-year T-notes on Tuesday closed little changed. T-notes were boosted by the the wider-than-expected U.S. Oct trade deficit, which was negative for Q4 GDP. T-notes were also boosted by the slide in crude oil prices, which undercut inflation expectations. T-note prices were undercut by the +2.7% increase in U.S. Oct factory orders, their biggest increase in 16 months.
The dollar index (DXY00 -0.03%) this morning is unch. EUR/USD (^EURUSD) is +0.0006 (+0.06%). USD/JPY (^USDJPY) is -0.05 (-0.04%). Tuesday's closes: Dollar index +0.400 (+0.40%), EUR/USD -0.0046 (-0.43%), USD/JPY +0.17 (+0.15%). The dollar index on Tuesday closed higher on the stronger than expected U.S. Oct factory orders report and by weakness in EUR/USD on expectations that the ECB on Thursday will announce an extension of QE beyond March of 2017.
Jan WTI crude oil prices (CLF17 -0.55%) this morning are up +10 cent s(+0.20%) and Jan gasoline (RBF17 -0.18%) is +0.0064 (+0.42%). Tuesday's closes: Jan crude -0.88 (-1.70%), Jan gasoline -0.0158 (-1.01%). Jan crude oil and gasoline on Tuesday closed lower on a stronger dollar and on news that OPEC Nov crude production rose by +200,000 bpd to a record 34.160 million bpd.
GLOBAL EVENT CALENDAR12/07/2016
Wednesday, Dec 7
US0700 ETWeekly MBA mortgage applications, previous -9.4% with purchase sub-index -0.2% and refi sub-index -16.2%.
1000 ETOct JOLTS job openings expected +14,000 to 5.500 million, Sep +33,000 to 5.486 million.
1030 ETEIA Weekly Petroleum Status Report.
1500 ETOct consumer credit expected +$18.3 billion, Sep +$19.292 billion.
Thursday, Dec 8
US0830 ETWeekly initial unemployment claims expected -13,000 to 255,000, previous +17,000 to 268,000. Weekly continuing claims expected -33,000 to 2.048 million, previous +38,000 to 2.081 million.
0830 ETUSDA weekly Export Sales.
1100 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $23 billion) and 30-year T-bonds (previous $15 billion) to be auctioned Dec 12-13.
U.S. STOCK CALENDAR12/07/2016

CompanyTickerTimeEvent DescriptionPeriodEstimate
Brown-Forman CorpBF/B US8:00Q2 2017 Earnings ReleaseQ2 20170.498
Starbucks CorpSBUX US8:00Investor DayY 2016
Principal Financial Group IncPFG US8:00RoadshowY 2016
Xerox CorpXRX US9:00Investor ConferenceY 2016
Brown-Forman CorpBF/B US10:00Q2 2017 Earnings CallQ2 2017
Lowe's Cos IncLOW US10:00Analyst & Investor ConferenceY 2016
H&R Block IncHRB US16:30Q2 2017 Earnings CallQ2 2017
Costco Wholesale CorpCOST US17:00Q1 2017 Earnings CallQ1 2017
H&R Block IncHRB USAft-mktQ2 2017 Earnings ReleaseQ2 2017-0.675
Costco Wholesale CorpCOST USAft-mktQ1 2017 Earnings ReleaseQ1 20171.187
Baker Hughes IncBHI USNovember 2016 Sales and Revenue Release - Rig Counts2016
Equifax IncEFX USInvestor MeetingY 2016

Tuesday, December 6, 2016

5 Small Caps for Momentum Investors

This morning I wanted to find 5 small Cap stocks with consistent upward momentum so 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 better.

Today's Watch List includes:  Customers Bancorp (CUBI), Evercore Partners (EVR), United Commercial Bank (UCBI), Vascular Solutions (VASC) and Applied Industrial Technologies (AIT).

Customers Bancorp (CUBI)


Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 34.37% in the last month
  • Relative Strength Index 79.95%
  • Technical support level at 31.65
  • Recently traded at 33.66 with a 50 day moving average of 27.20


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 28.17% in the last month
  • Relative Strength Index 76.22%
  • Technical support level at 69.28
  • Recently traded at 70.35 with a 50 day moving average of 57.83


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 33.33% in the last month
  • Relative Strength Index 83.27%
  • Technical support level at 28.00
  • Recently traded at 28.39 with a 50 day moving average of 23.21


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 27.01% in the last month
  • Relative Strength Index 75.19%
  • Technical support level at 55.63
  • Recently traded at 56.00 with a 50 day moving average of 49.11


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 23.37% in the last month
  • Relative Strength Index 78.90%
  • Technical support level at 60.37
  • Recently traded at 60.70 with a 50 day moving average of 51.30

Morning Call 12/6

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Dec E-mini S&Ps (ESZ16 +0.03%) are little changed, up +0.05%, as a -0.85% decline in Jan WTI crude oil (CLF17 -1.08%) weighs on energy producing stocks. Crude oil is under pressure on concern over whether OPEC will be able to adhere to its recently announced production cuts. European stocks are up +0.70% on signs of economic strength after German Oct factory orders rose more than expected by the most in 2-1/4 years. European stocks also garnered support and EUR/USD fell on expectations that ECB President Draghi will extend the central banks QE program beyond March of next year at this Thursday's policy meeting. Asian stocks settled mostly higher: Japan +0.47%, Hong Kong +0.75%, China -0.16%, Taiwan +0.98%, Australia +0.52%, Singapore +0.21%, South Korea +1.38%, India +0.17%.
The dollar index (DXY00 +0.19%) is up +0.19%. EUR/USD (^EURUSD) is down -0.24%. USD/JPY (^USDJPY) is up +0.11%.
Mar 10-year T-note prices (ZNH17 unch) are down -1 tick.
German Oct factory orders surged +4.9% m/m, stronger than expectations of +0.6% m/m and the largest monthly increase in 2-1/4 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) revised Q3 non-farm productivity (expected +3.3%, prelim-Q3 +3.1%) and revised Q3 unit labor costs (expected unrevised at +0.3%), (2) Oct trade balance (expected -$42.0 billion, Sep -$36.4 billion), (3) Oct factory orders (expected +2.5%, Sep +0.3% and +0.6% ex transportation).
Russell 1000 earnings reports today include: Toll Brothers (consensus $0.99), AutoZone (9.31), Michaels Cos (0.43), HD Supply Holdings (0.82).
U.S. IPO's scheduled to price today: Polar Power (POLA),
Equity conferences during the remainder of this week include: Raymond James Technology Investors Conference on Mon-Tue, UBS Global Media and Communications Conference on Mon-Wed, Barclays Gaming, Lodging, Leisure, Restaurant & Food Retail Conference on Tue, Cowen & Co Ultimate Energy Conference on Tue, Wells Fargo Securities Energy Symposium on Tue, Goldman Sachs U.S. Financial Services Conference on Tue-Wed, Wells Fargo Pipeline, MLP and Utility Symposium on Wed, Citi Global Health Care Conference on Wed-Thu, Barclays Global Technology, Media and Telecommunications Conference on Wed-Thu, Bernstein Consumer Summit on Wed-Thu, Capital One Southcoast Energy Conference on Wed-Thu, ACI European Biopolymer Summit on Thu.
OVERNIGHT U.S. STOCK MOVERS
Roper Technologies (ROP -0.37%) will buy Deltek for about $2.8 billion.
Nike (NKE +2.75%) was downgraded to 'Market Perform' from 'Outperform' at Cowen.
Pandora Media (P +0.30%) was upgraded to 'Outperform' from 'Market Perform' at Oppenheimer with an 18-month target price of $18.
McCormick (MKC +0.61%) was rated a 'Buy' at Vertical Group with a price target of $1.09.
Tyson Foods (TSN +0.39%) was rated a 'Buy' at Vertical Group with a price target of $67.
Bob Evans Farms (BOBE +2.30%) jumped over 5% in after-hours trading after it reported Q2 adjusted EPS of 56 cents, above consensus of 45 cents, and then raised guidance on 2017 adjusted EPS to $2.15-$2.30 from an August 31 view of $2.05-$2.20.
Kinder Morgan (KMI +0.47%) gained over 1% in after-hours trading after it said it sees a 50 cent a share dividend in 2017 and "delivering additional value to its shareholders in 2018."
Coupa Software (COUP -1.03%) climbed 6% in after-hours trading after it reported a Q3 adjusted loss of -22 cents a share, narrower than consensus of -47 cents, and said it sees a Q4 adjusted EPS loss of -16 cents to -19 cents, smaller than consensus of-23 cents.
Rent-A-Center (RCII +3.30%) slid 3% in after-hours trading after it said CFO Guy J. Constant resigned his position effective last Friday.
Lexicon Pharmaceuticals (LXRX +4.41%) tumbled over 12% in after-hours trading after a Phase 2 study of sotagliflozin did not reach statistical significance in young adults with Type 1 Diabetes.
Forum Energy Technologies (FET +5.22%) fell 5% in after-hours trading after it announced a public offering of 7 million shares of common stock.
TherapeuticsMD (TXMD +0.65%) surged almost 20% in after-hours trading after a Phase 3 trial of its TX-001HR drug met co-primary goals at multiple doses in postmenopausal women with moderate to severe vasomotor symptoms.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ16 +0.03%) this morning are up +1.00 point (+0.05%). Monday's closes: S&P 500 +0.58%, Dow Jones +0.24%, Nasdaq +0.82%. The S&P 500 on Monday closed higher on carry-over support from a rally in European stocks to a 3-week high on reduced concern about contagion of political risks from Italy to Europe. U.S. stocks were also boosted by signs of U.S. economic strength after the Nov ISM non-manufacturing index rose +2.4 to 57.2, stronger than expectations of +0.7 to 55.5 and the fastest pace of expansion in 13 months. Energy producer stocks received a boost as the price of crude oil rose to a 16-1/2 month high.
Mar 10-year T-notes (ZNH17 unch) this morning are down -1 tick. Monday's closes: TYH7 unch, FVH7 -3.00. Mar 10-year T-note futures on Monday closed little changed. T-note prices were undercut by reduced safe-haven demand after the failure of the Italian constitutional reform referendum didn't cause much consternation and after U.S. stocks rallied. T-note prices were also undercut by the larger-than-expected increase in the Nov ISM non-manufacturing index to its fastest pace of expansion in 13 months (+2.4 to 57.2). T-notes found some support after St. Louis Fed President Bullard said a single 25 bp increase in the fed funds rate "will get us very close" to the interest rate path recommended by the St. Louis Fed through 2019.
The dollar index (DXY00 +0.19%) this morning is up +0.190 (+0.19%). EUR/USD (^EURUSD) is down -0.0026 (-0.24%). USD/JPY (^USDJPY) is up +0.12 (+0.11%). Monday's closes: Dollar index -0.680 (-0.67%), EUR/USD +0.0100 (+0.94%), USD/JPY +0.34 (+0.30%). The dollar index on Monday closed lower on reduced safe-haven demand for the dollar after stocks recovered losses and moved higher as a 'No' vote for Italy's constitutional reforms was already factored into the market. EUR/USD rebounded from a 1-1/2 year low and rallied to a 2-week high on signs of economic strength in the Eurozone that may keep the ECB from expanding stimulus after Eurozone Oct retail sales rose +1.1% m/m, the biggest monthly increase in 2 years.
Jan WTI crude oil prices (CLF17 -1.08%) this morning are down -44 cents (-0.85%) and Jan gasoline (RBF17 -0.25%) is +0.0008 (+0.05%) . Monday's closes: Jan crude +0.11 (+0.20%), Jan gasoline -0.0101 (-0.65%). Jan crude oil and gasoline on Monday settled mixed with Jan crude at a 16-1/2 month high. Crude oil prices were boosted by the slide in the dollar index to a 2-week low and by continued support from last Wednesday's OPEC production cut agreement. Crude oil prices were undercut by news of a +200,000 bpd increase in OPEC Nov crude production to a record 34.160 million bpd.
GLOBAL EVENT CALENDAR12/06/2016
Tuesday, Dec 6
US0830 ETRevised Q3 non-farm productivity expected +3.3%, prelim-Q3 +3.1%. Revised Q3 unit labor costs expected unrevised at +0.3%.
0830 ETOct trade balance expected -$42.0 billion, Sep -$36.4 billion.
1000 ETOct factory orders expected +2.5%, Sep +0.3% and +0.6% ex transportation.
Wednesday, Dec 7
US0700 ETWeekly MBA mortgage applications, previous -9.4% with purchase sub-index -0.2% and refi sub-index -16.2%.
1000 ETOct JOLTS job openings expected +14,000 to 5.500 million, Sep +33,000 to 5.486 million.
1030 ETEIA Weekly Petroleum Status Report.
1500 ETOct consumer credit expected +$18.5 billion, Sep +$19.292 billion.
U.S. STOCK CALENDAR12/06/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
AutoZone IncAZO USBef-mktQ1 2017 Earnings ReleaseQ1 20179.311
Toll Brothers IncTOL USBef-mktQ4 2016 Earnings ReleaseQ4 20160.989
Michaels Cos Inc/TheMIK USBef-mktQ3 2017 Earnings ReleaseQ3 20170.43
HD Supply Holdings IncHDS US6:00Q3 2017 Earnings ReleaseQ3 20170.818
Fastenal CoFAST US7:00November 2016 Sales and Revenue Release2016
Pitney Bowes IncPBI US8:00Analyst DayY 2016
HD Supply Holdings IncHDS US8:00Q3 2017 Earnings CallQ3 2017
Tesoro CorpTSO US9:00Investor and Analyst DayY 2016
L-3 Communications Holdings IncLLL US9:00Investor ConferenceY 2016
Michaels Cos Inc/TheMIK US9:00Q3 2017 Earnings CallQ3 2017
AutoZone IncAZO US10:00Q1 2017 Earnings CallQ1 2017
Principal Financial Group IncPFG US10:00Q4 2017 Guidance CallQ4 2017
Toll Brothers IncTOL US11:00Q4 2016 Earnings CallQ4 2016
Western Digital CorpWDC US11:30Investor DayY 2016
Autodesk IncADSK US11:30Investor DayY 2016
Harman International Industries IncHAR USAnnual General MeetingY 2016