Tuesday, March 31, 2015

Autoliv - Barchart's Chart of the Day

Autoliv (ALV) is the Barchart Chart of the Day.  The auto parts manufacturer has a Trend Spotter buy signal, a Weighted Alpha of 22.30+, gained 19.27% in the last year and paid a 1.92% dividend.

The Chart of the Day belongs to Autoliv (ALV).  I found the stock by sorting the All Time High list for the highest technical buy signals then used the Flipchart feature to review the charts.  The Trend Spotter signaled a new buy juts yesterday - 3/30.

Autoliv Inc. is a worldwide leader in automotive safety, a pioneer in both seatbelts and airbags, and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are their customers.


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
  • Trend Spotter buy signals
  • Above is 20, 50 and 100 day moving averages
  • 6 new highs and up 4.75% in the last month
  • Relative Strength Index 65.03%
  • Barchart computes a technical support level at 115.93
  • Recently traded at 117.84 with a 50 day moving average of 111.56
Fundamental factors:
  • Market Cap $10.66 billion
  • P/E 18.89
  • Dividend yield 1.92%
  • Revenue expected to grow by .60% this year and another 7.50% next year
  • Earnings estimated to increase 9.90% this year, an additional 15.80% next year and continue to compound at an annual rate of 9.5% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 4 buy, 9 hold, 4 under perform and 2 sell recommendations on the stock
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy on this stock and should continue to be used for entry and exit points.

Good Times Restaurants - Sell Signals

Recently I deleted Good Time Restaurants (GTIM) from the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:
  • 32% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 18.10% off its recent high
  • Relative Strength Index 30.32%
  • Recently traded at 7.15 which is below its 50 day moving average of 7.74


Dice Holdings - Sell Signals

I recently deleted Dice Holdings (DHX) fro the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:
  • 40% Barchart technical sell signals
  • Trend Spotter buy signal - buy signal at 9.34 but dropped now to 8.90
  • Below its 20, 50 and 100 day moving averages
  • 22.63% off its recent high
  • Relative Strength Index 47.38
  • Recently trading at 8.88 with a 50 day moving average of 8.90


Cypress Semiconductor - Sell Signals

I recently deleted Cypress Semiconductor (CY) from the Barchart Van Meerten New High portfolio for negative price momentum.


Barchart technical indicators:
  • 32% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 13.66% off its recent high
  • Relative Strength Index 37.31%


BARCHART MORNING CALL /

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.53%) this morning are down -0.52% and European stocks are down -0.37% on giveback from Monday's sharp gains. Energy producers are lower as crude oil slides on speculation a nuclear deal may be reached with Iran, while European deflation concerns remain after Eurozone Mar core CPI rose at the slowest pace on record. On the positive side, the Eurozone Feb unemployment rate fell to a 2-3/4 year low and German Mar retail sales were stronger than expected. Asian stocks settled mixed: Japan -1.05%, Hong Kong +0.18%, China -0.90%, Taiwan +0.68%, Australia +0.78%, Singapore -0.21%, South Korea +0.46%, India -0.07%. Commodity prices are weaker. May crude oil (CLK15 -2.18%) is down -2.26% on speculation that Western nations are nearing a nuclear deal with Iran that could allow sanctions to be lifted and allow Iran to increase crude exports that would exacerbate a global supply glut. May gasoline (RBK15 -1.82%) is down -1.63% at a 1-week low. Apr gold (GCJ15 -0.10%) is down -0.10% at a 1-week low. May copper (HGK15 -1.28%) is down -1.49% at a 1-week low. Agriculture prices are mostly lower ahead of the USDA Quarterly Grain stocks and U.S. 2015 acreage estimates. The dollar index (DXY00 +0.44%) is up +0.51% at a 1-week high. EUR/USD (^EURUSD) is down -0.81% at a 1-week low. USD/JPY (^USDJPY) is down -0.17%. Jun T-note prices (ZNM15 +0.12%) are up +5 ticks.
The Eurozone Mar CPI estimate fell -0.1% y/y, right on expectations. The Mar core CPI rose +0.6% y/y, less than expectations of +0.7% y/y and matched January's gain as the slowest pace of increase since the data series began in 1997.
The Eurozone Feb unemployment rate fell -0.1 to 11.3% from an upward revised 11.4% in Jan, the lowest in 2-3/4 years.
The German Mar unemployment change fell -15,000 to 2.8 million, better than expectations of -12,000. The Mar unemployment rate unexpectedly fell -0.1 to 6.4%, better than expectations of no change at 6.5% and the lowest since data for a unified Germany began in 1991.
German Feb retail sales fell -0.5% m/m and rose +3.6% y/y, stronger than expectations of -0.7% m/m and +3.4% y/y.
UK Mar GfK consumer confidence rose +3 to 4, stronger than expectations of +1 to 2 and the highest in 12-3/4 years.
UK Mar Lloyds business barometer rose +8 to 53, the highest in 6 months.
UK Q4 GDP was revised upward to +0.6% q/q and +3.0% y/y from the originally reported +0.5% q/q and +2.7% y/y.
Japan Feb housing starts fell -3.1% annualized to 905,000, a smaller decline than expectations of -6.8% annualized to 877,000.
Japan Feb vehicle production fell -5.3% y/y, a smaller decline than the -9.7% y/y drop in Jan but still the eighth consecutive month production has declined.
U.S. STOCK PREVIEW
Key news today includes (1) today's deadline for a political agreement on the Iran nuclear talks, (2) today's Mar Milwaukee ISM index (expected +1.18 to 51.50 after Feb's -1.28 to 50.32), (3) today's Jan S&P/CaseShiller Composite-20 home price index (expected +0.7% m/m and +4.6% y/y after Dec's +0.87% m/m and +4.46% y/y), (4) today's Mar Chicago PMI (expected +6.0 to 51.8 after Feb's -13.6 to 45.8), (5) today's Mar U.S. consumer confidence index from the Conference Board (expected unchanged at 96.4 after Feb's -7.4 to 96.4), and (6) comments by four different Fed officials.
None of the Russell 1000 companies report earnings today.
U.S. IPO's that price today include: GoDaddy (GDDY), Infraredx (REDX), Wowo (WOWO), AutoGenomics (AGMX), Mylan (MYL), Media General (MEG), CyrusOne (CONE), Insmed (INSM). There are U.S. IPO's that start trading today.
Equity conferences during the remainder of this week include: Bank of America Merrill Lynch New York Auto Summit on Wed, DUG Bakken and Niobrara Unconventional Oil Conference on Wed, Mitsubishi UFJ Financial Utilities Conference on Wed, New York Interational Auto Show-Press Days on Wed, and Goldman Sachs Biosimilars Conference on Thu.





OVERNIGHT U.S. STOCK MOVERS
Schlumberger (SLB +1.40%) was downgraded to 'Market Perform' from 'Outperform' at Wells Fargo.
Credit Suisse reiterates its 'Outperform' rating on UnitedHealth (UNH +2.53%) and raised its price target on the stock to $135 from $120.
Reliance Steel (RS +2.83%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
D.R. Horton (DHI +2.11%) was upgraded to 'Positive' from 'Neutral' at Susquehanna.
SAIC (SAIC +2.47%) reported Q4 EPS of 75 cents, better than consensus of 71 cents.
Priceline (PCLN +1.29%) was upgraded to 'Buy' from 'Hold' at Stifel.
Horizon Pharma (HZNP +18.20%) was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray.
Sensient (SXT +1.37%) was initiated with a 'Buy' at BB&T with a price target of $81.
Tesla (TSLA +3.01%) rose over 1% in after-hours trading after Bloomberg reported that March China sales were up 130%-150% month-over-month.
Gabelli reported a 5.56% stake in Jason Industries (JASN +0.29%) .
Teck Resources (TCK +10.17%) slid nearly 5% in after-hours trading after it said it is not in talks with Antofagasta regarding a possible merger.
HCP (HCP +3.94%) was upgraded to 'Buy' from 'Neutral' at UBS.
MARKET COMMENTS
Jun E-mini S&Ps (ESM15 -0.53%) this morning are down -10.75 points (-0.52%). Monday's closes: S&P 500 +1.22%, Dow Jones +1.49%, Nasdaq +1.15%. The S&P 500 index on Monday rallied sharply on support from a rally in Chinese stocks and hopes for another Chinese interest rate cut or other stimulus measures after China's central bank chief call for more measures to spur growth. Stocks also received a boost from the stronger-than-expected U.S. Feb pending home sales report (+3.1% m/m and +12.0% y/y) and M&A activity with acquisitions announced by UnitedHealth and Teva Pharma.
Jun 10-year T-notes (ZNM15 +0.12%) this morning are up +5 ticks. Monday's closes: TYM5 -3.00, FVM5 -0.75. T-note prices on Monday closed mildly lower due to the stronger-than-expected Feb core PCE deflator report of +1.4% y/y and the U.S. pending home sales report of +3.1% m/m. T-notes were also undercut by reduced safe-haven demand caused by the rally in stocks.
The dollar index (DXY00 +0.44%) this morning is up +0.496 (+0.51%) at a 1-wwek high. EUR/USD (^EURUSD) is down -0.0088 (-0.81%) at a 1-week low. USD/JPY (^USDJPY) is down -0.20 (-0.17%). Monday's closes: Dollar index +0.684 (+0.70%), EUR/USD -0.00547 (-0.50%), USD/JPY +0.966 (+0.81%). The dollar index rallied fairly sharply on Monday due to the stronger-than-expected U.S. pending home sales report, which indicates some signs of life in the housing market that could accelerate a Fed interest rate cut.
May WTI crude oil (CLK15 -2.18%) this morning is down -$1.10 a barrel (-2.26%) and May gasoline (RBK15 -1.82%) is down -0.0293 (-1.63%) at a 1-week low. Monday's closes: CLK5 -0.19 (-0.39), RBK5 -0.0025 (-0.14%). Crude oil and gasoline prices on Monday closed mildly lower due to the rally in the dollar and the remote chance that a last-minute agreement might be reached on Iran's nuclear program. Crude oil received some underlying support from the rally in global stocks and on hopes for additional Chinese stimulus.
GLOBAL EVENT CALENDAR03/31/2015
US0800 ETRichmond Fed President Jeffrey Lacker speaks on the economic outlook at the Greater Richmond Chamber of Commerces Spring Regional Forum.
0850 ETAtlanta Fed President Dennis Lockhart delivers welcoming address at the Atlanta Feds financial markets conference.
0900 ETCleveland Fed President Loretta Mester moderates a panel at the Atlanta Feds financial markets conference on the Future of Banks: Will Commercial Banks Remain Central to the Financial System?
0900 ETMar Milwaukee ISM expected +1.18 to 51.50, Feb -1.28 to 50.32.
0900 ETJan S&P/CaseShiller composite-20 home price index expected +0.7% m/m and +4.6% y/y, Dec +0.87% m/m and +4.46% y/y.
0945 ETMar Chicago PMI expected +6.0 to 51.8, Feb -13.6 to 45.8.
1000 ETMar consumer confidence index (Conference Board) expected unchanged at 96.4, Feb -7.4 to 96.4.
1200 ETUSDA Q1 Quarterly Grain Stocks and prospective planting acreage.
1500 ETKansas City Fed President Esther George speaks at the Council for Economic Education on the Update from the Fed.
JPN0000 ETJapan Feb vehicle production, Jan -9.7% y/y.
0100 ETJapan Feb housing starts expected -6.8% annualized to 877,000, Jan -13.0% annualized to 864,000.
0100 ETJapan Feb construction orders, Jan +27.5% y/y.
1950 ETJapan Q1 Tankan large manufacturing business conditions expected +2 to 14, Q4 12.
2135 ETRevised Japan Mar Markit/JMMA manufacturing PMI, previous -1.2 to 50.4.
GER0200 ETGerman Feb retail sales expected -0.7% m/m and +3.4% y/y, Jan +2.3% m/m and +5.3% y/y.
0355 ETGerman Mar unemployment change expected -12,000, Feb -20,000. Mar unemployment rate expected unch at 6.5%.
UK0430 ETRevised UK Q4 GDP, previous +0.5% q/q and +2.7% y/y.
0430 ETUK Jan index of services expected +0.3% m/m and +0.8% 3-mo/3-mo, Dec +0.6% m/m and +0.8% 3-mo/3-mo.
0430 ETUK Mar Lloyds business barometer, Feb -7 to 45.
EUR0500 ETEurozone Mar CPI estimate expected -0.1% y/y, Feb -0.3% y/y. Mar core CPI expected +0.7% y/y, Feb +0.7% y/y.
0500 ETEurozone Feb unemployment rate expected unch at 11.2%.
CHI2100 ETChina Mar manufacturing PMI expected -0.2 to 49.7, Feb +0.1 to 49.9. Mar non-manufacturing PMI, Feb +0.2 to 53.9.
U.S. STOCK CALENDAR03/31/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Mosaic Co/TheMOS US7:30Analyst DayY 2015
Air Products & Chemicals IncAPD US10:00Investor DayY 2015
Alliant Energy CorpLNT USInvestor Meeting - BostonY 2015

Monday, March 30, 2015

The Whitewaves Food Company - Barchart's Chart of the Day

The Whitewaves Food Company (WWAV) is the Barchart Chart of the Day.  The dairy products company has a Trend Spotter buy signal, a Weighted Alpha of 66.00+ and gained 60.34% in the last year.

The Chart of the Day belongs to The Whitewave Foods Company.  I found the stocks by sorting today's All Time High list for the stocks with the highest technical buy signals and then used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy on 2/15 the stock gained 28.42%.

The WhiteWave Foods Company is a consumer packaged food and beverage company. It manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, and premium dairy products throughout North America and Europe. The Company's products include soy milk, flavored creamers, organic milk, yogurt, cheese, butter, sour creams, and whipped creams. It serves the grocery and natural foods channels in the United States.

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
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 9.01% in the last month
  • Relative Strength Index 72.02%
  • Barchart computes a technical support level at 43.29
  • Recently traded at 44.64 with a 50 day moving average of 38.94
Fundamental factors:
  • Market Cap $7.78 billion
  • P/E 41.18
  • Revenue expected to grow 10.20% this year and another 8.00% next year
  • Earnings estimated to increase 11.00% this year, an additional 18.00% next year and continue to compound at an annual rate of 20.76% for the next 5 years
  • Wall Street analysts issued 7 strong buy, 8 buy and 4 hold recommendation on the stock
The 50-100 Day MACD oscillator has been a reliable technical trading strategy on this stock and should continue to be used for entry and exit points.


BARCHART MORNING CALL 3/30

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 +0.51%) this morning are up +0.46% and European stocks are up +1.20% on the prospects for China to expand its stimulus measures after China's central bank said the government can do more to support growth. Another positive for European stocks was the larger-than-expected increase in Eurozone Mar economic confidence to the highest in 3-1/2 years. Asian stocks closed mostly higher: Japan +0.65%, Hong Kong +1.51%, China +2.93%, Taiwan +0.19%, Australia -1.25%, Singapore +0.12%, South Korea +0.22%, India +1.88%. China's Shanghai Index surged nearly 3% to a 7-year high after the head of the PBOC, Zhou Xiaochuan, said that China's growth rate has tumbled "a bit" too much, and that policy makers have room to act with both interest rates and "quantitative" measures, which bolstered speculation that China will boost stimulus measures. Commodity prices are mostly lower. May crude oil (CLK15 -1.35%) is down -2.07% on speculation a potential nuclear deal between Iran and Western nations may end sanctions against Iran and lead to increased Iranian crude exports that may exacerbate a global supply glut. May gasoline (RBK15 -0.84%) is down -1.24%. Apr gold (GCJ15 -1.38%) is down -1.20%. May copper (HGK15 +0.31%) is up +0.33%. Agriculture prices are mixed. The dollar index (DXY00 +0.56%) is up +0.53%. EUR/USD (^EURUSD) is down -0.47%. USD/JPY (^USDJPY) is up +0.51%. Jun T-note prices (ZNM15 -0.07%) are down -2.5 ticks.
The Eurozone Mar business climate indicator rose +0.14 to 0.23, stronger than expectations of +0.11 to 0.18 and matched the November 2014 reading as the highest in 9 months. Mar economic confidence rose +1.6 to 103.9, stronger than expectations of +0.9 to 103.0 and the highest in 3-1/2 years.
UK Feb mortgage approvals rose 61,800, stronger than expectations of 61,500 and the most in 6 months.
UK Feb net consumer credit rose +0.7 billion pounds, less than expectations of +0.9 billion pounds.
Japan Feb industrial production fell -3.4% m/m and -2.6% y/y, weaker than expectations of -1.9% m/m and -0.6% y/y.
U.S. STOCK PREVIEW
Key news today includes (1) today's deadline for Greece to submit a list of sufficent reforms to Eurozone finance ministers to qualify for frozen bailout money and avoid a new default, (2) oil prices ahead of tomorrow's deadline for a political agreement on the Iran nuclear talks, (3) today's Feb personal income report (expected +0.3%) and spending report (expected +0.2%), (4) today's Feb PCE deflator report (expected +0.3% y/y vs +0.2% in Jan) and Feb core PCE deflator report (expected unchanged from Jan at +1.3%), (4) today's Feb pending home sales report (expected +0.4% m/m), (5) today's Mar Dallas Fed manufacturing activity index (expected +2.2 to -9.0), and (6) Fed Vice Chairman Stanley Fischer's keynote address at the Atlanta Fed’s conference on “Central Banking in the Shadows: Monetary Policy and Financial Stability Post Crisis.”
There is one of the Russell 1000 companies that reports earnings today: American Realty Capital Properties (consensus $0.23).
There are no U.S. IPOs that are scheduled to price or begin trading today.
Equity conferences this week include: Bank of America Merrill Lynch New York Auto Summit on Wed, DUG Bakken and Niobrara Unconventional Oil Conference on Wed, Mitsubishi UFJ Financial Utilities Conference on Wed, New York Interational Auto Show-Press Days on Wed, and Goldman Sachs Biosimilars Conference on Thu.





OVERNIGHT U.S. STOCK MOVERS
Nike (NKE +0.55%) was upgraded to 'Outperform' from 'Neutral' at RW Baird.
Genesco (GCO +0.49%) was downgraded to 'Neutral' from 'Outperform' at RW Baird
BHP Billiton (BHP -1.98%) was upgraded to 'Outperformer' from 'Sector Performer' at CIBC.
Western Union (WU +1.60%) was upgraded to 'Buy' from 'Hold' at Evercore ISI.
Xilinx (XLNX +5.85%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Madison Square Garden (MSG +1.55%) was upgraded to 'Buy' from 'Hold' at Topeka.
Horizon Pharma (HZNP +3.27%) will acquire Hyperion Therapeutics (HPTX -1.88%) for $46.00 per share, or $1.1 billion on a fully diluted basis.
Restoration Hardware (RH +4.06%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Barclays upgraded Analog Devices (ADI +2.47%) to 'Overweight' from 'Equal Weight' saying it believes the chip maker has secured multiple socket wins in Apple's iPhone and iPad.
Altera (ALTR +28.37%) is up over 3% in pre-market trading on carry-over support from Friday's 28% surge in the stock amid reports that Intel is in negotiations to acquire the company.
Realty Income (O -0.37%) will replace Windstream (WIN -5.10%) in the S&P 500 as the close of trading on April 6.
Fitch Ratings downgraded Greece's Long-term foreign and local currency Issuer Default Ratings to 'CCC' from 'B.'
Enterprise Partners reported a 8.3% passive stake in Celladon (CLDN +2.88%) .
MARKET COMMENTS
Jun E-mini S&Ps (ESM15 +0.51%) this morning are up +9.50 points (+0.46%). Friday's closes: S&P 500 +0.24%, Dow Jones +0.19%, Nasdaq +0.41%. The U.S. stock market closed higher on Friday on the stronger-than-expected +1.8 point increase to 93.0 in the final-March U.S. consumer confidence index from the University of Michigan and the rally in tech stocks sparked by the news that Intel is in talks to acquire Altera. Stock market gains were limited by disappointment that U.S. Q4 GDP was left unrevised at +2.2% versus expectations for an upward revision to +2.4%.
Jun 10-year T-notes (ZNM15 -0.07%) this morning are down -2.5 ticks. Friday's closes: TYM5 +14.50, FVM5 +9.00. T-note prices rallied on Friday due to reduced inflation expectations sparked by the plunge in crude oil prices and the unrevised Q4 GDP report of +2.2% that suggests the Fed will to slow to raise interest rates.
The dollar index (DXY00 +0.56%) this morning is up +0.520 (+0.53%). EUR/USD (^EURUSD) is down -0.0051 (-0.47%). USD/JPY (^USDJPY) is up +0.61 (+0.51%). Friday's closes: Dollar index -0.145 (-0.15%), EUR/USD +0.005 (+0.05%), USD/JPY -0.06 (-0.05%). The dollar index on Friday closed mildly lower after the unrevised U.S. Q4 GDP report of +2.2% sparked ideas that the Fed may delay an interest rate hike. The dollar received some underlying support from the stronger-than-expected U.S. Mar University of Michigan consumer sentiment report.
May WTI crude oil (CLK15 -1.35%) this morning is down -$1.01 a barrel (-2.07%) and May gasoline (RBK15 -0.84%) is down -0.0222 (-1.24%). Friday's closes: CLK5 -2.56 (-4.98), RBK5 -0.0877 (-4.66%). May crude oil and gasoline prices on Friday fell sharply on the possibility for an Iranian nuclear agreement and on ideas that Saudi Arabia's military involvement in Yemen may actually reduce the chances of oil disruptions in the Middle East.
GLOBAL EVENT CALENDAR03/30/2015
US0830 ETFeb personal spending expected +0.2%, Jan -0.2%. Feb personal income expected +0.3%, Jan +0.3%.
0830 ETFeb PCE deflator expected +0.2% m/m and +0.3% y/y, Jan -0.5% m/m and +0.2% y/y. Feb core PCE deflator expected +0.1% m/m and +1.3% y/y, Jan +0.1% m/m and +1.3% y/y.
1000 ETFeb pending home sales expected +0.4% m/m and +8.7% y/y, Jan +1.7% m/m and +6.5% y/y.
1030 ETMar Dallas Fed manufacturing activity expected +2.2 to -9.0, Feb -6.8 to -11.2.
1100 ETUSDA weekly grain export inspections.
1915 ETFed Vice Chairman Stanley Fischer delivers keynote address at the Atlanta Feds conference on Central Banking in the Shadows: Monetary Policy and Financial Stability Post Crisis.
UK0430 ETUK Feb net consumer credit expected +0.9 billion pounds, Jan +0.8 billion pounds.
0430 ETUK Feb mortgage approvals expected 61,500, Jan 60,800.
0430 ETUK Feb M4 money supply, Jan -0.8% m/m and -2.2% y/y.
1905 ETUK Mar GfK consumer confidence expected +1 to 2, Feb 1.
EUR0500 ETEurozone Mar business climate indicator expected +0.11 to 0.18, Feb 0.07. Mar economic confidence expected +0.9 to 103.0, Feb 102.1.
0500 ETRevised Eurozone Mar consumer confidence, previous +3.0 to -3.7.
GER0800 ETGerman Mar CPI (EU harmonized) expected +0.5% m/m and +0.1% y/y, Feb +1.0% m/m and -0.1% y/y.
JPN2130 ETJapan Feb labor cash earnings expected +0.8% y/y, Jan +1.3% y/y. Feb real cash earnings, Jan -1.5% y/y.
U.S. STOCK CALENDAR03/30/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
American Realty Capital Properties IncARCP US10:00Q4 2014 Earnings CallQ4 2014
Mosaic Co/TheMOS US18:00Analyst Day - Day 1Y 2015
Regeneron Pharmaceuticals IncREGN USEylea, diabetic retinopathy in patients with diabetic macular edema (DME)
Tahoe Resources IncTHO CNShareholders MeetingY 2015
American Realty Capital Properties IncARCP USQ4 2014 Earnings ReleaseQ4 20140.233

Friday, March 27, 2015

Adeptus Health - Barchart Chart of the Day

Adeptus Health (ADPT) is the Barchart Chart of the Day.  The medical services company has a Trend Spotter buy signal, a Weighted Alpha of 120.80+ and gained 94.68% in the last year.

The Chart of the Day belongs to Adeptus Health (APDT).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/19 the stock gained 21.88%.

Adeptus Health, Inc. owns and operates First Choice Emergency Room, the network of independent freestanding emergency rooms in the United States. The Company provides emergency medical care to patients in Texas and Colorado. It has developed a facility design and infrastructure specifically tailored to the emergency care delivery system that combines staff, equipment and physical layout to deliver care.


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
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 13.03% in the last month
  • Relative Strength Index 68.80%
  • Barchart computes a technical support level at 46.58
  • Recently traded at 50.13 with a 50 day moving average of 39.64
Fundamental factors:
  • Market Cap $491.78 million
  • Revenue expected to grow 76.90% this year and another 41.30% next year
  • Earnings estimated to increase 1300.00% this year and an additional 101.80% next year
  • Wall Street analysts issued 2 strong buy, 2 buy and 2 hold recommendations on the stock
The 100 day moving average vs. price has been a reliable technical trading strategy for this stock and should continue to be used to determine entry and exit points.

Casella Waste Systems - Buy Signals

This week I added Casella Waste Systems (CWST) to the Barchart Van Meerten Speculative portfolio for positive price momentum.  The portfolio contains stocks selected for the highest frequency of daily advances in the last month that trade for under $10 per share.


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 16.14% in the last month
  • Relative Strength Index 81.64%
  • Barchart computes a technical support level at 5.05
  • Recently traded at 5.11 with a 50 day moving average of 4.35


BARCHART MORNING CALL 3/27

BARCHART MORNING CALL 

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.10%) this morning are down -0.16% ahead of revised U.S. Q4 GDP and final Mar University of Michigan consumer sentiment that may provide a clue to the timing of a Fed interest rate increase. European stocks are up +0.23% on optimism that the ECB's QE program will achieve its goals and stave off deflation after ECB President Draghi said the ECB will have no problem meeting its debt-purchase targets. Asian stocks closed mixed: Japan -0.95%, Hong Kong -0.04%, China +0.55%, Taiwan -1.20%, Australia +0.70%, Singapore +0.54%, South Korea -0.18%, India unchanged. Japan's Nikkei Stock Index tumbled to a 2-week low as slower-than-expected increases in Japan Feb retail sales and consumer prices signal waning momentum in the Japanese economy. Commodity prices are mostly lower. May crude oil (CLK15 -1.69%) is down -1.54% on optimism that air strikes in Yemen by Saudi Arabia, which continued for a second day, won't pose a threat to crude supplies. May gasoline (RBK15 -1.15%) is down -0.94%. Apr gold (GCJ15 -0.43%) is down -0.53%. May copper (HGK15 -0.73%) is down -0.48% after weekly Shanghai copper inventories rose +4,243 MT to 243,592 MT, a 23-month high. Agriculture prices are mixed. The dollar index (DXY00 +0.09%) is up +0.28%. EUR/USD (^EURUSD) is down 0.45%. USD/JPY (^USDJPY) is up +0.15% as the yen weakened on speculation the BOJ may need to expand stimulus after Japanese consumer prices last month rose at the slowest pace in 11 months. Jun T-note prices (ZNM15 +0.09%) are up +1.5 ticks.
Japan Feb national CPI rose +2.2% y/y, weaker than expectations of +2.3% y/y and the slowest pace of increase in 11 months. Feb national CPI ex-fresh food rose +2.0% y/y, less than expectations of +2.1% y/y. Feb national CPI ex food & energy rose +2.0% y/y, less than expectations of +2.1% y/y.
The Japan Feb jobless rate fell -0.1 to 3.5%, right on expectations. The Feb job-to-applicant ratio rose +0.01 to 1.15, right on expectations and the highest since Mar 1992.
Japan Feb retail sales rose +0.7% m/m and fell -1.8% y/y, weaker than expectations of +0.9% m/m and -1.5% y/y.
Japan Feb overall household spending fell -2.9% y/y, a smaller decrease than expectations of -3.2% y/y, but still the 11th consecutive month that spending has declined.
The German Feb import price index rose +1.4% m/m and fell -3.0% y/y, stronger than expectations of +0.5% m/m and -3.9% y/y.
UK Mar nationwide house prices rose +0.1% m/m and +5.1% y/y, weaker than expectations of +0.2% m/m and +5.3% y/y.
U.S. STOCK PREVIEW
Key news today includes (1) the U.S. Q4 GDP revision (expected revised to 2.4% from +2.2%), (2) final-March U.S. consumer sentiment from the University of Michigan (expected +0.8 to 92.0), and (3) comments by Fed Chair Janet Yellen on monetary policy at a San Francisco Fed conference entitled “The New Normal for Monetary Policy.”
There are 2 of the Russell 1000 companies that report earnings today: Carnival (consensus $0.09), Ocwen Financial (0.26).
U.S. IPOs that price today include: Applied DNA Sciences (APDN). There are no U.S. IPOs that are scheduled to start trading today.
There are no equity conferences today.



OVERNIGHT U.S. STOCK MOVERS
American Eagle (AEO +1.01%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Finish Line (FINL +2.18%) reported Q4 adjusted EPS of 88 cents, better than consensus of 85 cents.
Conn's (CONN -0.56%) was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray.
ArcelorMittal (MT -2.72%) was downgraded to 'Sell' from 'Neutral' at Citigroup.
Carnival Cruise Lines (CCL +0.05%) rose over 1% in after-hours trading after it said it will add nine new cruise ships to its fleet over a four-year period from 2019-2022.
Charles Schwab (SCHW +1.95%) was initiated with an 'Outperform' at RBC Capital with a price target of $38.
UBS has a 'Buy' rating and $110 price target on McDonald's (MCD -0.51%) and says it sees the new direction of McDonald's management creating significant cost reduction potential.
SanDisk (SNDK -18.45%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
Corvex Management reported a 7.2% stake in Signet Jewelers (SIG +6.02%) .
F5 Networks (FFIV -0.59%) was initiated with a 'Buy' at Guggenheim with a price target of $130.
Yahoo! (YHOO +0.61%) rose nearly 2% in pre-market trading after it was initiated with an 'Overweight' at Morgan Stanley with a price target of $55.
Restoration Hardware (RH +1.01%) reported Q4 EPS of $1.02, better than consensus of $1.01.
GameStop (GME -2.56%) fell nearly 6% in after-hours trading after it reported Q4 adjusted EPS of $2.15, less than consensus of $2.17, and then lowered guidance on fiscal 2015 EPS to $3.60-$3.80, below consensus of $4.04.
MARKET COMMENTS
Jun E-mini S&Ps (ESM15 -0.10%) this morning are down -3.25 points (-0.16%). Thursday's closes: S&P 500 -0.24%, Dow Jones -0.23%, Nasdaq -0.32%. The U.S. stock market on Thursday closed lower as Saudi Arabia launched air strikes against rebel targets in Yemen, sparking a rally in oil prices and causing worries about possible disruptions of oil flows in the Middle East. In addition, Atlanta Fed President Lockhart hurt the stock market by saying that he still favors raising interest rates despite some softer readings in growth. Stocks received some support from the unexpected -9,000 drop in initial unemployment claims to 282,000.
Jun 10-year T-notes (ZNM15 +0.09%) this morning are up +1.5 ticks. Thursday's Closes: TYM5 -18.50, FVM5 -8.00. T-note prices closed with fairly sharp losses on Thursday as initial unemployment claims unexpectedly fell by -9,000 to a 5-week low of 282,000. In addition, demand was weak for the Treasury's $29 billion 7-year T-note auction, which carried a bid cover ratio of only 2.32, below the 12-auction average of 2.51 and the weakest since May 2009.
The dollar index (DXY00 +0.09%) this morning is up +0.269 (+0.28%). EUR/USD (^EURUSD) is down -0.0049 (-0.45%). USD/JPY (^USDJPY) is up +0.18 (+0.15%). Thursday's Closes: Dollar index +0.457 (+0.47%), EUR/USD -0.00857 (-0.78%), USD/JPY -0.304 (-0.25%). The dollar index on Thursday closed higher on some flight-to-quality with the Saudi air attack on rebels in Yemen and on Atlanta Fed President Lockhart's hawkish comment that the U.S. economy can handle moving to a higher interest-rate environment.
May WTI crude oil (CLK15 -1.69%) this morning is down -79 cents (-1.54%) and May gasoline (RBK15 -1.15%) is down -0.0177 (-0.94%). Thursday's Closes: CLK5 +2.22 (+4.51), RBK5 +0.0336 (+1.83%). May crude oil and gasoline prices on Thursday rallied to new 3-week highs and closed higher. Oil prices were mainly boosted by Saudi Arabia's air strikes against Shiite Houthi rebels in Yemen, which raised worries about a disruption of Middle East oil supplies and even about whether the conflict could spread into Saudi Arabia itself. Crude oil prices were undercut by the higher close in the dollar.
GLOBAL EVENT CALENDAR03/27/2015
US0830 ETQ4 GDP expected revised to 2.4% (q/q annualized) from 2.2%. Q4 personal consumption expected revised to +4.4% from +4.2%. Q4 GDP price index expected unrevised at +0.1%. Q4 core PCE deflator expected unrevised at +1.1% q/q.
1000 ETFinal-March U.S. consumer sentiment (University of Michigan) expected +0.8 to 92.0, previous -4.2 to 91.2.
1500 ETUSDA Q1 Hogs & Pigs Inventory.
1545 ETFed Chair Janet Yellen speaks on monetary policy at a San Francisco Fed conference on The New Normal for Monetary Policy.
GER0300 ETGerman Feb import price index expected +0.5% m/m and -3.9% y/y, Jan -0.8% m/m and -4.4% y/y.
UK0300 ETUK Mar nationwide house prices expected +0.2% m/m and +5.3% y/y, Feb -0.1% m/m and +5.7% y/y.
U.S. STOCK CALENDAR03/27/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Carnival CorpCCL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.094
Baker Hughes IncBHI US10:00Extraordinary Shareholders Meeting
Carnival CorpCCL US10:00Q1 2015 Earnings CallQ1 2015
Colgate-Palmolive CoCL USBoard Meeting
Halliburton CoHAL USExtraordinary Shareholders Meeting
Omega Healthcare Investors IncOHI USExtraordinary Shareholders Meeting
Ocwen Financial CorpOCN USQ4 2014 Earnings ReleaseQ4 20140.261
DreamWorks Animation SKG IncDWA USU.S. Box Office Release of Movie Home""