Thursday, July 30, 2015

INC Research - All Time High

INC Research (INCR) is the Barchart Chart of the Day.  The medical services company has a Trend Spotter buy signal, a Weighted Alpha of 154.70 and gained 132.41% in the last year.

The Chart of the Day belongs to INC Research (INCR).  I found the medical services stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the stocks.  Since the Trend Spotter signaled a buy on 7/29 the stock gained 10.33%.

INC Research Holdings, Inc. is a global contract research organization. It provides the full range of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. Its services include clinical trial management services comprising patient recruitment and retention, project management, clinical monitoring, drug safety/pharmacovigilance, medical affairs, quality assurance, regulatory and medical writing, and functional service; and data services consisting of clinical data management, electronic data capture, and biostatistics. INC Research Holdings, Inc. is headquartered in Raleigh, North Carolina.


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
  • Weighted Alpha of 154.71+
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 18.69% in the last month
  • Relative Strength Index 72.91%
  • Barchart computes a technical support level at 42.42
  • Recently traded at 47.62 with a 50 day moving average of 39.15
Fundamental factors:
  • Market Cap $2.44 billion
  • Revenue expected to grow 10.50% this year and another 11.20% next year
  • Earnings estimated to increase 84.30% this year, an additional 16.30% next year and continue to increase at an annual rate of 17.50% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 3 buy and 2 hold recommendations on the stock
The 20-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

RVLT GTXI - Sell Signals

Today I deleted Nexxus Lighting (RVLT) and GTX Inc (GTXI) from the Barchart Van Meerten Speculative portfolio for negative price momentum.

Nexxus Lighting (RVLT)


Barchart technical indicators:
  • 88% Bar hart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 57.43% off its 52 week high
  • Relative Strength Index 35.02%
GTX Inc (GTXI)


Barchart technical indicators:
  • 24% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 28.93% off its 52 week high
  • Relative Strength Index 37.51%




BARCHART MORNING CALL 7/30

OVERNIGHT MARKETS AND NEWS
Sep E-mini S&Ps (ESU15 -0.06%) this morning are little changed while the EuroStoxx 50 index is up +0.47%. European stocks are higher on the rise in Eurozone economic confidence to a new 4-year high and positive earnings news. European stocks are broadly higher today with 16 of the 19 EuroStoxx 600 sectors showing gains, led by technology and oil and gas. Meanwhile, the Shanghai Composite Index today fell by -2.20%, giving back some of Wednesday's +3.44% upward rebound. Facebook is down -2.3% this morning after its Q2 earnings report late yesterday.
The markets this morning are mainly looking ahead to today's U.S. Q2 GDP report, which is expected to improve to +2.5% after the dismal -0.2% performance in Q1.
Asian stocks today closed mixed: Japan +1.08%, Hong Kong -0.49%, China -2.20%, Taiwan +1.03%, Australia +0.81%, Singapore -1.05%, South Korea -0.96%, India +0.51%, Turkey +0.18%.
The dollar index (DXY00 +0.36%) this morning is up +0.341 (+0.35%) while EUR/USD (^EURUSD) is down -0.0022 (-0.20%) and USD/JPY (^USDJPY) is +0.40% (+0.32%). The dollar index is seeing some continued strength today on expectations for a decent U.S. GDP report and yesterday's slightly more hawkish FOMC post-meeting statement. Sep 10-year T-note prices (ZNU15 -0.18%) are down -8 ticks on reduced safe-haven demand and caution ahead of this today's U.S. GDP report.
Commodity prices are up +0.30% this morning. Sep crude oil (CLU15 +0.51%) this morning is up +0.45 (+0.92%) and Sep gasoline (RBU15 +1.59%) is up +0.0357 (+2.03%) on carry-over support from yesterday's EIA report that featured a -4.2 million bbl drop in U.S. crude oil inventories and a -1.5% drop in U.S. oil production.
Metals prices are lower this morning with Aug gold (GCQ15 -0.71%) down -6.6 (-0.60%), Sep silver (SIU15 -0.87%) down -0.108 (-0.73%), and Sep copper (HGU15 -1.64%) down -0.018 (-0.73%). Grains and softs are mostly higher.
The European Commission's July index of executive and consumer sentiment rose by +0.5 points to a new 4-year high from 103.5 in June, stronger than market expectations for a -0.3 point decline to 103.2. The July industrial confidence index rose to -2.9 from -3.4 in June. July service sector confidence rose to 8.9 from 7.9. European confidence in July received a boost from Greece's preliminary agreement to reform conditions that should lead to a 3-year bailout agreement and avoid the chance of Greece leaving the Eurozone.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +15,000 to 270,000 after last week's -26,000 to 255,000) and continuing claims (expected -2,000 to 2.205 million after last week's -9,000 to 2.207 million), (2) Q2 GDP (expected +2.5% q/q annualized after Q1's -0.2%), and (3) the Treasury's auction of $29 billion of 7-year T-notes.
There are 54 of the S&P 500 companies that report earnings today with notable reports including: Procter & Gamble (consensus $0.95), ADP (9.59), Coca-Cola Enterprises (0.76), Valero (2.42), CME Group (0.92), Time Warner Cable (1.80), Marathon Petroleum (1.75), Amgen (2.43), Electronic Arts (0.03), Fluor (1.06), Expedia (0.86).
U.S. IPO's scheduled to price today include: TerraForm Global (GLBL), NEP Group (NEPG), Aqua Metals (AQMS), EyeGate Pharmaceuticals (EYEG), Riverbanc Multifamily Investor (RMI).
Equity conferences this week: none.

Sep E-mini S&Ps this morning are little changed with support from a +0.47% rally in European stocks but downward pressure from today's -2.20% sell-off in the China Shanghai index. Wednesday's closes: S&P 500 +0.73%%, Dow Jones +0.69%, Nasdaq +0.44%. The S&P 500 on Wednesday extended Tuesday’s upward rebound on the +3.4% rally in the Chinese Shanghai stock index and relief that the FOMC in its post-meeting statement left its interest rate guidance virtually unchanged and did not adopt language to indicate that a rate hike is likely at the next meeting in September. Stock prices were undercut, however, by the weak June U.S. pending home sales report of -1.8% m/m versus expectations of +0.9%.
OVERNIGHT U.S. STOCK MOVERS
  • Positive SPX earnings reports this morning include: ConocoPhillips (COP +1.26%) ($0.07 vs consensus of $0.04), Air Products (APD +0.99%) (1.65 vs 1.58), Cigna (CI -0.32%) (2.55 vs 2.25), Helmerich & Payne (HP +3.51%) (0.27 vs 0.12), Stanley Black & Decker (SWK +1.88%) (1.49 vs 1.44), Allegion (ALLE +2.18%) (0.71 vs 0.706), Alexion Pharma (ALXN -2.35%) (1.44 vs 1.39), Starwood Hotels (HOT +2.42%) (0.84 vs 0.74), Pitney Bowes (PBI +0.87%) (0.45 vs 0.44), Procter & Gamble (PG +0.49%) (1.00 vs 0.95), Cardinal Health (CAH +0.80%) (1.00 vs 0.99), DENTSPLY (XRAY +2.21%) (0.73 vs 0.68), Sealed Air (AEE +0.79%) (0.60 vs 0.53), CME Group (CME +0.88%) (0.97 vs 0.92), Delphi Automotive (DLPH +1.36%) (1.34 vs 1.339), Valero (VLO +1.49%) (2.66 vs 2.42), Coca-Cola (CCE +1.90%) (0.79 vs 0.76), SCANA (SCG +1.03%) (0.69 vs 0.67), Invesco (IVZ +1.18%) (0.62 vs 0.618).
  • Negative SPX earnings reports this morning include: TECO Energy (TE +0.51%) (0.26 vs 0.267), Ball Corp (BLL +1.61%) (0.89 vs 0.94), Time Warner (TWC +0.12%) (1.54 vs 1.80), Xcel Energy (XEL +0.42%) (0.39 vs 0.396), L-3 Communications (LLL +2.02%) (1.41 vs 1.71), Colgate-Palmolive (CL +0.79%) (0.70 vs 0.704), Occidental Petroleum (OXY +1.78%) (0.21 vs 0.225), Sigma-Aldrich (SIAL -0.04%) (1.01 vs 1.103), Marathon Petroleum (MPC +2.38%) (1.51 vs 1.75), Zimmer Biomet Holdings (ZBH +0.47%) (1.12 vs 1.57).
  • On positive earnings news late yesterday, Skechers (SKX +3.12%) rallied 10%, Teradyne (TER +0.27%) rallied 6%, and Lam Research (LRCX -0.10%) rallied +1.5%.
  • On negative earnings news late yesterday, Facebook (FB +1.78%) fell -3%, Whole Foods (WFM -0.29%) fell 11%, Lifelock (LOCK +11.15%) fell 7%, La Quinta (LQ +2.45%) fell 3%, and Whiting Petroleum (WLL +7.02%) fell 5%.
MARKET COMMENTS
Sep 10-year T-note prices are down -8 ticks on reduced safe-haven demand and caution ahead of this today's U.S. GDP report. Wednesday's closes: TYU5 -6, FVU5 -2.75. Sep 10-year T-notes on Wednesday closed mildly lower on reduced safe-haven demand as Chinese and U.S. stocks rallied and on supply overhang as the Treasury sells $105 billion of T-notes this week. T-notes found support, however, on the weak pending home sales report and relief the FOMC did not move to a more hawkish post-meeting statement.
The dollar index this morning is up +0.341 (+0.35%) while EUR/USD is down -0.0022 (-0.20%) and USD/JPY is +0.40% (+0.32%). The dollar index is seeing some continued strength today on expectations for a decent U.S. GDP report and yesterday's slightly more hawkish FOMC post-meeting statement. Wednesday's closes: Dollar Index +0.20 (+0.21%), EUR/USD -0.0076 (-0.69%), USD/JPY +0.38 (+0.31%). The dollar index on Wednesday closed mildly higher on technical buying and the rally in Chinese and U.S. stocks. However, the dollar was undercut by the weak U.S. pending home sales report and the dovish FOMC post-meeting statement, which suggested that the Fed is in no hurry to raise interest rates.
Sep crude oil this morning is up +0.45 (+0.92%) and Sep gasoline is up +0.0357 (+2.03%) on carry-over support from yesterday's EIA report that featured a -4.2 million bbl drop in U.S. crude oil inventories and a -1.5% drop in U.S. oil production. Wednesday's closes: CLU5 +0.81 (+1.69%), RBU5 +0.0066 (+0.38%). Sep crude oil and gasoline on Wednesday closed higher on the rally in Chinese stocks and EIA's report of a -4.2 million bbl decline in U.S. crude oil inventories versus expectations for a +850,000 bbl build. Crude oil prices were also boosted by the EIA report's -1.5% drop in U.S. oil production in the week ended July 24 to 9.413 million bpd, which is down by -2.0% the 43-year high of 9.610 million bpd posted in the first week of June.
GLOBAL EVENT CALENDAR07/30/2015
US0830 ETWeekly initial unemployment claims expected +15,000 to 270,000, previous -26,000 to 255,000. Weekly continuing claims expected -2,000 to 2.205 million, previous -9,000 to 2.207 million.
0830 ETQ2 GDP expected +2.5% (q/q annualized), Q1 -0.2%. Q2 personal consumption expected +2.7%, Q1 +2.1%. Q2 GDP price index expected +1.5%, Q1 unch. Q2 core PCE deflator expected +1.6% q/q, Q1 +0.8% q/q.
0830 ETUSDA weekly Export Sales.
1300 ETTreasury auctions $29 billion of 7-year T-notes.
JPN0030 ETJapan Jun vehicle production, May -16.6% y/y.
1930 ETJapan Jun jobless rate expected unch at 3.3%. Jun job-to-applicant ratio expected +0.01 to 1.20, May 1.19.
1930 ETJapan Jun overall household spending expected +1.9% y/y, May +4.8% y/y.
1930 ETJapan Jun national CPI expected +0.3% y/y, May +0.5% y/y. Jun national CPI ex-fresh food expected unch y/y, May +0.1% y/y. Jun national CPI ex food & energy expected +0.4% y/y, May +0.4% y/y.
1930 ETJapan Jul Tokyo CPI expected +0.2% y/y, Jun +0.3% y/y. Jul Tokyo CPI ex-fresh food expected unch y/y, Jun +0.1% y/y. Jul Tokyo CPI ex food & energy expected +0.2% y/y, Jun +0.2% y/y.
GER0355 ETGerman Jul unemployment change expected -5,000, Jun -1,000. Jul unemployment rate expected unch at 6.4%.
0800 ETGerman Jul CPI (EU harmonized) expected +0.3% m/m and +0.1% y/y, Jun -0.2% m/m and +0.1% y/y.
EUR0500 ETEurozone Jul economic confidence expected -0.3 to 103.2, Jun 103.5. Jul business climate indicator expected +0.06 to 0.20, Jun 0.14.
0500 ETRevised Eurozone Jul consumer confidence, previous-1.5 to -7.1.
UK1905 ETUK Jul GfK consumer confidence expected -2 to 5, Jun 7.
U.S. STOCK CALENDAR07/30/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Air Products & Chemicals IncAPD USBef-mktQ3 2015 Earnings ReleaseQ3 20151.581
Automatic Data Processing IncADP USBef-mktQ4 2015 Earnings ReleaseQ4 20150.593
Ball CorpBLL USBef-mktQ2 2015 Earnings ReleaseQ2 20150.94
Coca-Cola Enterprises IncCCE USBef-mktQ2 2015 Earnings ReleaseQ2 20150.756
Colgate-Palmolive CoCL USBef-mktQ2 2015 Earnings ReleaseQ2 20150.704
Helmerich & Payne IncHP USBef-mktQ3 2015 Earnings ReleaseQ3 20150.121
Starwood Hotels & Resorts Worldwide IncHOT USBef-mktQ2 2015 Earnings ReleaseQ2 20150.74
Host Hotels & Resorts IncHST USBef-mktQ2 2015 Earnings ReleaseQ2 20150.456
Occidental Petroleum CorpOXY USBef-mktQ2 2015 Earnings ReleaseQ2 20150.225
ConocoPhillipsCOP USBef-mktQ2 2015 Earnings ReleaseQ2 20150.037
Pinnacle West Capital CorpPNW USBef-mktQ2 2015 Earnings ReleaseQ2 20151.225
Pitney Bowes IncPBI USBef-mktQ2 2015 Earnings ReleaseQ2 20150.442
Procter & Gamble Co/ThePG USBef-mktQ4 2015 Earnings ReleaseQ4 20150.946
SCANA CorpSCG USBef-mktQ2 2015 Earnings ReleaseQ2 20150.67
Stanley Black & Decker IncSWK USBef-mktQ2 2015 Earnings ReleaseQ2 20151.443
TECO Energy IncTE USBef-mktQ2 2015 Earnings ReleaseQ2 20150.267
Cardinal Health IncCAH USBef-mktQ4 2015 Earnings ReleaseQ4 20150.986
Ensco PLCESV USBef-mktQ2 2015 Earnings ReleaseQ2 20151.026
BorgWarner IncBWA USBef-mktQ2 2015 Earnings ReleaseQ2 20150.829
Alexion Pharmaceuticals IncALXN USBef-mktQ2 2015 Earnings ReleaseQ2 20151.392
Iron Mountain IncIRM USBef-mktQ2 2015 Earnings ReleaseQ2 20150.538
Valero Energy CorpVLO USBef-mktQ2 2015 Earnings ReleaseQ2 20152.42
L-3 Communications Holdings IncLLL USBef-mktQ2 2015 Earnings ReleaseQ2 20151.711
CME Group Inc/ILCME USBef-mktQ2 2015 Earnings ReleaseQ2 20150.924
Time Warner Cable IncTWC USBef-mktQ2 2015 Earnings ReleaseQ2 20151.796
Xcel Energy IncXEL USBef-mktQ2 2015 Earnings ReleaseQ2 20150.396
Marathon Petroleum CorpMPC USBef-mktQ2 2015 Earnings ReleaseQ2 20151.746
Delphi Automotive PLCDLPH USBef-mktQ2 2015 Earnings ReleaseQ2 20151.339
Allegion PLCALLE USBef-mktQ2 2015 Earnings ReleaseQ2 20150.703
WestRock CoWRK USBef-mktQ3 2015 Earnings ReleaseQ3 20151.017
Cigna CorpCI US6:30Q2 2015 Earnings ReleaseQ2 20152.308
DENTSPLY International IncXRAY US7:00Q2 2015 Earnings ReleaseQ2 20150.683
Sealed Air CorpSEE US7:00Q2 2015 Earnings ReleaseQ2 20150.53
Xylem Inc/NYXYL US7:00Q2 2015 Earnings ReleaseQ2 20150.433
Invesco LtdIVZ US7:30Q2 2015 Earnings ReleaseQ2 20150.618
Zimmer Biomet Holdings IncZBH US7:30Q2 2015 Earnings ReleaseQ2 20151.566
Owens-Illinois IncOI US8:00Q2 2015 Earnings CallQ2 2015
Pitney Bowes IncPBI US8:00Q2 2015 Earnings CallQ2 2015
Stanley Black & Decker IncSWK US8:00Q2 2015 Earnings CallQ2 2015
MetLife IncMET US8:00Q2 2015 Earnings CallQ2 2015
Mondelez International IncMDLZ US8:00Q2 2015 Earnings ReleaseQ2 20150.394
Zimmer Biomet Holdings IncZBH US8:00Q2 2015 Earnings CallQ2 2015
Michael Kors Holdings LtdKORS US8:00Annual General MeetingY 2015
Automatic Data Processing IncADP US8:30Q4 2015 Earnings CallQ4 2015
Cigna CorpCI US8:30Q2 2015 Earnings CallQ2 2015
Procter & Gamble Co/ThePG US8:30Q4 2015 Earnings CallQ4 2015
Cardinal Health IncCAH US8:30Q4 2015 Earnings CallQ4 2015
DENTSPLY International IncXRAY US8:30Q2 2015 Earnings CallQ2 2015
Iron Mountain IncIRM US8:30Q2 2015 Earnings CallQ2 2015
CME Group Inc/ILCME US8:30Q2 2015 Earnings CallQ2 2015
Time Warner Cable IncTWC US8:30Q2 2015 Earnings CallQ2 2015
Delphi Automotive PLCDLPH US8:30Q2 2015 Earnings CallQ2 2015
Allegion PLCALLE US8:30Q2 2015 Earnings CallQ2 2015
Baxalta IncBXLT US8:30Business Update Call
Host Hotels & Resorts IncHST US9:00Q2 2015 Earnings CallQ2 2015
TECO Energy IncTE US9:00Q2 2015 Earnings CallQ2 2015
Unum GroupUNM US9:00Q2 2015 Earnings CallQ2 2015
Invesco LtdIVZ US9:00Q2 2015 Earnings CallQ2 2015
Xylem Inc/NYXYL US9:00Q2 2015 Earnings CallQ2 2015
WestRock CoWRK US9:00Q3 2015 Earnings CallQ3 2015
Williams Cos Inc/TheWMB US9:30Q2 2015 Earnings CallQ2 2015
BorgWarner IncBWA US9:30Q2 2015 Earnings CallQ2 2015
Air Products & Chemicals IncAPD US10:00Q3 2015 Earnings CallQ3 2015
Coca-Cola Enterprises IncCCE US10:00Q2 2015 Earnings CallQ2 2015
Lincoln National CorpLNC US10:00Q2 2015 Earnings CallQ2 2015
Occidental Petroleum CorpOXY US10:00Q2 2015 Earnings CallQ2 2015
Alexion Pharmaceuticals IncALXN US10:00Q2 2015 Earnings CallQ2 2015
Boston Properties IncBXP US10:00Q2 2015 Earnings CallQ2 2015
Marriott International Inc/MDMAR US10:00Q2 2015 Earnings CallQ2 2015
Sealed Air CorpSEE US10:00Q2 2015 Earnings CallQ2 2015
Mondelez International IncMDLZ US10:00Q2 2015 Earnings CallQ2 2015
Xcel Energy IncXEL US10:00Q2 2015 Earnings CallQ2 2015
Marathon Petroleum CorpMPC US10:00Q2 2015 Earnings CallQ2 2015
Ball CorpBLL US11:00Q2 2015 Earnings CallQ2 2015
Colgate-Palmolive CoCL US11:00Q2 2015 Earnings CallQ2 2015
Helmerich & Payne IncHP US11:00Q3 2015 Earnings CallQ3 2015
Ensco PLCESV US11:00Q2 2015 Earnings CallQ2 2015
O'Reilly Automotive IncORLY US11:00Q2 2015 Earnings CallQ2 2015
Valero Energy CorpVLO US11:00Q2 2015 Earnings CallQ2 2015
L-3 Communications Holdings IncLLL US11:00Q2 2015 Earnings CallQ2 2015
ConocoPhillipsCOP US12:00Q2 2015 Earnings CallQ2 2015
Pinnacle West Capital CorpPNW US12:00Q2 2015 Earnings CallQ2 2015
Starwood Hotels & Resorts Worldwide IncHOT US13:00Q2 2015 Earnings CallQ2 2015
Murphy Oil CorpMUR US13:00Q2 2015 Earnings CallQ2 2015
Public StoragePSA US14:00Q2 2015 Earnings CallQ2 2015
Realty Income CorpO US14:30Q2 2015 Earnings CallQ2 2015
SCANA CorpSCG US15:00Q2 2015 Earnings CallQ2 2015
Western Union Co/TheWU US16:01Q2 2015 Earnings ReleaseQ2 20150.393
Broadcom CorpBRCM US16:05Q2 2015 Earnings ReleaseQ2 20150.752
KLA-Tencor CorpKLAC US16:15Q4 2015 Earnings ReleaseQ4 20150.915
Edison InternationalEIX US16:30Q2 2015 Earnings CallQ2 2015
Western Union Co/TheWU US16:30Q2 2015 Earnings CallQ2 2015
Expedia IncEXPE US16:30Q2 2015 Earnings CallQ2 2015
Hanesbrands IncHBI US16:30Q2 2015 Earnings CallQ2 2015
PerkinElmer IncPKI US17:00Q2 2015 Earnings CallQ2 2015
Amgen IncAMGN US17:00Q2 2015 Earnings CallQ2 2015
KLA-Tencor CorpKLAC US17:00Q4 2015 Earnings CallQ4 2015
Electronic Arts IncEA US17:00Q1 2016 Earnings CallQ1 2016
PerkinElmer IncPKI USAft-mktQ2 2015 Earnings ReleaseQ2 20150.59
Leggett & Platt IncLEG USAft-mktQ2 2015 Earnings ReleaseQ2 20150.538
Eversource EnergyES USAft-mktQ2 2015 Earnings ReleaseQ2 20150.562
Edison InternationalEIX USAft-mktQ2 2015 Earnings ReleaseQ2 20150.826
Universal Health Services IncUHS USAft-mktQ2 2015 Earnings ReleaseQ2 20151.646
Amgen IncAMGN USAft-mktQ2 2015 Earnings ReleaseQ2 20152.427
Flowserve CorpFLS USAft-mktQ2 2015 Earnings ReleaseQ2 20150.794
Electronic Arts IncEA USAft-mktQ1 2016 Earnings ReleaseQ1 20160.027
Essex Property Trust IncESS USAft-mktQ2 2015 Earnings ReleaseQ2 20152.34
Apartment Investment & Management CoAIV USAft-mktQ2 2015 Earnings ReleaseQ2 20150.537
FirstEnergy CorpFE USAft-mktQ2 2015 Earnings ReleaseQ2 20150.47
Fluor CorpFLR USAft-mktQ2 2015 Earnings ReleaseQ2 20151.055
Expedia IncEXPE USAft-mktQ2 2015 Earnings ReleaseQ2 20150.863
Hanesbrands IncHBI USAft-mktQ2 2015 Earnings ReleaseQ2 20150.499
Fluor CorpFLR US17:30Q2 2015 Earnings CallQ2 2015
Michael Kors Holdings LtdKORS USAnnual General Meeting

Wednesday, July 29, 2015

Intrexon - All Time High

Intrexon (XON) is the Barchart Chart of the Day.  The biotechnical company has a Trend Spotter buy signal, a Weighted Alpha of 178.22+ and gained 168.82% in the last year.

The Chart of the Day belongs to Intrexon (XON).  I found the biotechnical stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 7/14 the stock gained 24.11%.

Intrexon Corporation is a biotechnology company. It provides synthetic biology services. The Company designs and produces modular DNA control systems and applications for human therapeutics, protein production, industrial products, agricultural biotechnology, and animal sciences. Its technologies include the UltraVector gene design and fabrication platform; Cell Systems Informatics; LEAP-cell identification and selection, and mAbLogix-antibody discovery. Intrexon Corporation is based in Germantown, Maryland.


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
  • Weighted Alpha of 178.22+
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 32.05% in the last month
  • Relative Strength Index 70.48%
  • Barchart computes a technical support level at 52.65
  • Recently traded at 62.34 with a 50 day moving average of 48.25
Fundamental factors:
  • Market Cap $6.54 billion
  • Revenue expected to grow 144.70% this year and another 26.20% next year
  • Earnings estimated to increase 91.60% this year but decrease by 514.30% next year
  • Despite the poor earnings estimate Wall Street analysts have 1 strong buy, 3 buy and 1 hold recommendation in place
The Trend Spotter has been a very reliable technical trading strategy for this stock.


Best of the NASDAQ 100

Today I wanted to find the best performers of the NASDAQ 100 Index so I used Barchart to sort the stocks of that Index first for the highest Weighted Alpha then for a Barchart technical buy signal of at least 80%.  Today's list includes Monster Beverage (MNST), Amazon.Com (AMZN), Starbucks (SBUX), Celgene (CELG) and Verisk Analytics (VRSK).

Monster Beverage (MNST)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Weighted Alpha of 92.90+
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 11.73% in the last month
  • Relative Strength Index 76.74%
  • Barchart computes a technical support level at 146.25
  • Recently traded at 150.92 with a 50 day moving average of 134.51


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Weighted Alpha of 85.40+
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 22.69% in the last month
  • Relative Strength Index 78.81%
  • Barchart computes a technical support level at 515.24
  • Recently traded at 528.69 with a 50 day moving average of 447.84
Starbucks (SBUX)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Weighted Alpha of 54.10+
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 6.87% in the last month
  • Relative Strength Index 70.64%
  • Barchart computes a technical support level at 56.19
  • Recently traded at 57.27 with a 50 day moving average of 53.76
Celgene (CELG)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Weighted Alpha of 50.80+
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 15.44% in the last month
  • Relative Strength Index 60.43%
  • Barchart computes a technical support level at 131.03
  • Recently traded at 132.50 with a 50 day moving average of 119.94


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Weighted Alpha of 34.10+
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 9.37% in the last month
  • Relative Strength Index 69.42%
  • Barchart computes a technical support level at 72.20
  • Recently traded at 79.59 with a 50 day moving average of 73.98










BARCHART MORNING CALL 7/29

OVERNIGHT MARKETS AND NEWS
Sep E-mini S&Ps (ESU15 +0.20%) this morning are slightly higher by +0.23% and the EuroStoxx 50 index is up +0.21% on relief that the Chinese stock market today closed +3.44% higher after the losses of -8.5% on Monday and -1.7% on Tuesday. The Chinese stock market has been able to stabilize somewhat after the Chinese Securities Regulatory Commission late Monday released a statement saying that the agency will continue to "stabilize" the market and "prevent systemic risk."
The markets are awaiting the outcome later today of the 2-day FOMC meeting, which could produce more hawkish Fed guidance on when to expect the first rate hike. The market is discounting about a 50% chance for the rate hike as soon as the FOMC's next meeting in September.
European stocks today received a boost from positive earnings news and additional M&A announcements. HeidelbergCement AG announced a plan to buy Italcementi SpA for 3.7 billion euros and Solvay SA agreed to buy Cytec Industries Inc for $5.5 billion. Bearish factors this morning include (1) Twitter's 11% sell-off in overnight trading after saying its user growth won't improve until the company can reach a mass market, and (2) Yelp's -18% plunge on its lower revenue guidance.
Asian stocks today closed mostly mixed with support from the higher close in China: Japan -0.13%, Hong Kong +0.47%, China +3.44%, Taiwan -0.22%, Australia +0.71%, Singapore +0.09%, South Korea +0.31%, India +0.38%, Turkey -0.02%.
The dollar index (DXY00 +0.02%) this morning is slightly lower by -0.108 (-0.11%), while EUR/USD (^EURUSD) is down -0.0004 (-0.04%) and USD/JPY (^USDJPY) is up +0.07 (+0.06%). Sep 10-year T-note prices (ZNU15 -0.15%) this morning are down -6.5 ticks on (1) reduced safe-haven demand with the upward rebound in global stocks, and (2) concern that the FOMC today may adopt more hawkish interest rate guidance.
Commodity prices are little changed on net this morning. Sep crude oil (CLU15 -0.63%) this morning is down -0.25 (-0.52%) and Sep gasoline (RBU15 -0.22%) is down -0.0085 (-0.49%) on expectations for today's weekly EIA report to show a +850,000 bbl increase in U.S. crude oil inventories.
Precious metals are lower this morning on reduced safe-haven demand with Aug gold (GCQ15 -0.06%) down -1.1 (-0.10%) and Sep silver (SIU15 -0.22%) down -0.042 (-0.29%). Sep Copper (HGU15 +0.25%) is slightly higher by +0.001 (+0.04%) on relief about today's upward rebound in Chinese stocks. Grain and cotton prices are lower this morning while sugar, coffee and cocoa are higher.
The ECB today reportedly left its Greek Emergency Lending Assistance (ELA) facility unchanged at 90.4 billion euros. The ECB last raised the facility by 900 million euros on July 22. The EU Commission spokeswoman said today that the EU Commission is "satisfied with the smooth and constructive cooperation with the Greek authorities" that has been seen since negotiations began earlier this week on the 3-year bailout program. The Greek stock market has not yet reopened but is getting closer to reopening after the ECB on Tuesday approved new trading rules.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (last week +0.1% with purchase sub-index +1.0% and refi sub-index -0.5%), (2) June pending home sales (expected +1.0% m/m and +11.1% y/y after May's +0.9% m/m and +8.3% y/y), (3) the Treasury's auction of $15 billion of 2-year floating-rate notes and $35 billion of 5-year T-notes, and (4) the FOMC's announcement of its interest rate decision after its 2-day meeting.
There are 49 of the S&P 500 companies that report earnings today with notable reports including: Facebook (consensus $0.47), MasterCard (0.85), Baxter (0.95), Humana (1.63), Marriott (0.81), Murphy Oil (-0.55), Williams Companies (0.27), Goodyear (0.75), International Paper (0.92), PG&E (0.72), Level 3 Communications (0.39), Garmin (0.71), Public Storage (2.14).
U.S. IPO's scheduled to price today include: Poseidon Containers Holdings (PCON), Easterly Acquisition Corp (EACQU).
Equity conferences this week: none.

Sep E-mini S&Ps this morning are slightly higher by +0.23% on relief that the Chinese stock market today closed +3.44% higher. Tuesday's closes: S&P 500 +1.24%%, Dow Jones +1.09%, Nasdaq +0.98%. The S&P 500 on Tuesday rebounded higher after the sharp 5-session loss and closed with fairly sharp gains. Stocks rallied on (1) some stabilization in Chinese stocks as the Shanghai Composite index recovered from an early loss of -5.1% to close only -1.68% lower, and (2) short-covering after the sharp week-long sell-off. Stocks rallied despite negative factors that included (1) the sharp -10.5 point decline in the U.S. consumer confidence index to 90.9, (2) the unexpected -0.18% decline in the May CaseShiller Composite-20 home price index, and (3) some concern that the FOMC at the conclusion of its meeting on Wednesday might adopt a more hawkish warning of a near-term rate hike.
OVERNIGHT U.S. STOCK MOVERS
  • Twitter (TWTR +5.30%) is down -11% in overnight trading after saying its user growth won't improve until the company can reach a mass market
  • Yelp (YELP -0.65%) is down -18% overnight on its lower revenue guidance.
  • Positive earnings reports this morning include: Anthem (ANTM +1.78%) ($3.13 vs $2.70), International Paper (IP +2.89%) (0.97 vs 0.92), Northrop Grumman (NOC +0.48%) ((2.54 vs 2.33), Altria (MO +2.41%) (0.74 vs 0.71), WEC Energy Group (WEC +0.80%) (0.59 vs 0.56), Garmin (GRMN +1.61%) (0.72 vs 0.71), Hess (HES +3.42%) (-0.59 vs -0.71), General Dynamics (GD +1.32%) (2.27 vs 2.06), Humana (HUM +0.33%) (1.67 vs 1.63).
  • Negative earnings reports this morning include: Praxair (PX +3.18%) (1.45 vs 1.455), CBRE Group (CBG +1.02%) (0.42 vs 0.43), Henry Schein (HSIC +2.03%) (1.46 vs 1.462), American Tower (AMT +0.21%) (0.99 vs 1.14), Southern Company (SO +0.23%) (0.69 vs 0.70), Hospiri (HSP -0.13%) (0.81 vs 0.835).
  • On positive earnings news late yesterday, Buffalo Wild Wings (BWLD +1.61%) rallied 10%, Panera Bread (PNRA +1.62%) rallied 8%, Express Scripts (ESRX +1.41%) rallied +1.6%, and Sunpower (SPWR +2.19%) rallied by 1.5%.
  • On negative earnings news late yesterday, Yelp (YELP -0.65%) fell 16%, Akamai (AKAM +2.82%) fell 10%, and BlackBox (BBOX -2.11%) fell 4%.
MARKET COMMENTS
Sep 10-year T-note prices this morning are down -6.5 ticks on (1) reduced safe-haven demand with the upward rebound in global stocks, and (2) concern that the FOMC today may adopt more hawkish interest rate guidance. TYU5 -5, FVU5 -2.25. Sep 10-year T-notes on Tuesday closed mildly lower on reduced safe-haven demand as Chinese stocks stabilized and the U.S. stock market rallied. However, T-notes found underlying support from the weak U.S. consumer confidence and CaseShiller home price reports.
The dollar index this morning is slightly lower by -0.108 (-0.11%), while EUR/USD is down -0.0004 (-0.04%) and USD/JPY is up +0.07 (+0.06%). Dollar Index +0.27 (+0.28%), EUR/USD -0.0028 (-0.25%), USD/JPY +0.31 (+0.25%). The dollar index on Tuesday closed mildly higher on some short-covering after the fairly sharp losses seen over the past week, the stabilization of the Chinese stock market and higher U.S. stocks, and the possibility that the FOMC at its post-meeting on Wednesday may move to more hawkish interest rate guidance. The main bearish factor for the dollar was the weak U.S. economic data that included the U.S. consumer confidence index and CaseShiller home price index.
Sep crude oil this morning is down -0.25 (-0.52%) and Sep gasoline is down -0.0085 (-0.49%) on expectations for today's weekly EIA report to show a +850,000 bbl increase in U.S. crude oil inventories. CLU5 +0.59 (+1.24%), RBU5 -0.0182 (-1.03%). Sep crude oil and gasoline on Tuesday closed mixed. Crude oil closed mildly higher on some short-covering and the stabilization of global stocks. However, sentiment remains bearish as the market expects Wednesday’s EIA report to show a +850,000 bbl increase in crude oil inventories and the market expects the global oil glut to worsen later this year when Iranian sanctions are dropped.
GLOBAL EVENT CALENDAR07/29/2015
US0700 ETWeekly MBA mortgage applications, previous +0.1% with purchase sub-index +1.0% and refi sub-index -0.5%.
1000 ETJun pending home sales expected +1.0% m/m and +11.1% y/y, May +0.9% m/m and +8.3% y/y.
1030 ETEIA Weekly Petroleum Status Report.
1130 ETTreasury auctions $15 billion of 2-year floating-rate notes.
1300 ETTreasury auctions $35 billion of 5-year T-notes.
1400 ETFOMC announces interest rate decision.
GER0200 ETGerman Aug GfK consumer confidence expected unch at 10.1.
UK0430 ETUK Jun net consumer credit expected +1.1 billion pounds, May +1.0 billion pounds.
0430 ETUK Jun mortgage approvals expected 66,000, May 64,400.
0430 ETUK Jun M4 money supply, May +0.5% m/m and +0.7% y/y.
0600 ETUK Jul CBI reported sales expected unch at 29.
JPN1950 ETJapan Jun industrial production expected +0.3% m/m and +1.3% y/y, May -2.1% m/m and -3.9% y/y.
U.S. STOCK CALENDAR07/29/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Hess CorpHES USBef-mktQ2 2015 Earnings ReleaseQ2 2015-0.715
Baxter International IncBAX USBef-mktQ2 2015 Earnings ReleaseQ2 20150.949
General Dynamics CorpGD USBef-mktQ2 2015 Earnings ReleaseQ2 20152.056
Goodyear Tire & Rubber Co/TheGT USBef-mktQ2 2015 Earnings ReleaseQ2 20150.748
International Paper CoIP USBef-mktQ2 2015 Earnings ReleaseQ2 20150.921
Northrop Grumman CorpNOC USBef-mktQ2 2015 Earnings ReleaseQ2 20152.345
PG&E CorpPCG USBef-mktQ2 2015 Earnings ReleaseQ2 20150.724
Exelon CorpEXC USBef-mktQ2 2015 Earnings ReleaseQ2 20150.52
Praxair IncPX USBef-mktQ2 2015 Earnings ReleaseQ2 20151.455
Level 3 Communications IncLVLT USBef-mktQ2 2015 Earnings ReleaseQ2 20150.388
Henry Schein IncHSIC USBef-mktQ2 2015 Earnings ReleaseQ2 20151.462
Rockwell Automation IncROK USBef-mktQ3 2015 Earnings ReleaseQ3 20151.542
Hudson City Bancorp IncHCBK USBef-mktQ2 2015 Earnings ReleaseQ2 20150.005
Garmin LtdGRMN USBef-mktQ2 2015 Earnings ReleaseQ2 20150.714
MasterCard IncMA USBef-mktQ2 2015 Earnings ReleaseQ2 20150.853
Hospira IncHSP USBef-mktQ2 2015 Earnings ReleaseQ2 20150.835
ADT Corp/TheADT USBef-mktQ3 2015 Earnings ReleaseQ3 20150.491
Humana IncHUM US6:00Q2 2015 Earnings ReleaseQ2 20151.631
Anthem IncANTM US6:00Q2 2015 Earnings ReleaseQ2 20152.754
CBRE Group IncCBG US6:30Q2 2015 Earnings ReleaseQ2 20150.428
Altria Group IncMO US7:00Q2 2015 Earnings ReleaseQ2 20150.714
WEC Energy Group IncWEC US7:00Q2 2015 Earnings ReleaseQ2 20150.555
American Tower CorpAMT US7:00Q2 2015 Earnings ReleaseQ2 20151.143
Southern Co/TheSO US7:30Q2 2015 Earnings ReleaseQ2 20150.69
Anthem IncANTM US8:00Q2 2015 Earnings CallQ2 2015
CBRE Group IncCBG US8:00Q2 2015 Earnings CallQ2 2015
Assurant IncAIZ US8:00Q2 2015 Earnings CallQ2 2015
Avery Dennison CorpAVY US8:30Q2 2015 Earnings ReleaseQ2 20150.879
Franklin Resources IncBEN US8:30Q3 2015 Earnings ReleaseQ3 20150.876
Franklin Resources IncBEN US8:30Q3 2015 Earnings Call - Pre RecordedC3 2015
Express Scripts Holding CoESRX US8:30Q2 2015 Earnings CallQ2 2015
Rockwell Automation IncROK US8:30Q3 2015 Earnings CallQ3 2015
American Tower CorpAMT US8:30Q2 2015 Earnings CallQ2 2015
CH Robinson Worldwide IncCHRW US8:30Q2 2015 Earnings CallQ2 2015
ADT Corp/TheADT US8:30Q3 2015 Earnings CallQ3 2015
Aflac IncAFL US9:00Q2 2015 Earnings CallQ2 2015
Anadarko Petroleum CorpAPC US9:00Q2 2015 Earnings CallQ2 2015
AGL Resources IncGAS US9:00Q2 2015 Earnings CallQ2 2015
General Dynamics CorpGD US9:00Q2 2015 Earnings CallQ2 2015
Goodyear Tire & Rubber Co/TheGT US9:00Q2 2015 Earnings CallQ2 2015
Humana IncHUM US9:00Q2 2015 Earnings CallQ2 2015
International Paper CoIP US9:00Q2 2015 Earnings CallQ2 2015
Altria Group IncMO US9:00Q2 2015 Earnings CallQ2 2015
Range Resources CorpRRC US9:00Q2 2015 Earnings CallQ2 2015
MasterCard IncMA US9:00Q2 2015 Earnings CallQ2 2015
Hess CorpHES US10:00Q2 2015 Earnings CallQ2 2015
Avery Dennison CorpAVY US10:00Q2 2015 Earnings CallQ2 2015
Eaton Corp PLCETN US10:00Q2 2015 Earnings CallQ2 2015
Kimco Realty CorpKIM US10:00Q2 2015 Earnings CallQ2 2015
PG&E CorpPCG US10:00Q2 2015 Earnings CallQ2 2015
Exelon CorpEXC US10:00Q2 2015 Earnings CallQ2 2015
Level 3 Communications IncLVLT US10:00Q2 2015 Earnings CallQ2 2015
Henry Schein IncHSIC US10:00Q2 2015 Earnings CallQ2 2015
Garmin LtdGRMN US10:30Q2 2015 Earnings CallQ2 2015
Praxair IncPX US11:00Q2 2015 Earnings CallQ2 2015
Cincinnati Financial CorpCINF US11:00Q2 2015 Earnings CallQ2 2015
Equity ResidentialEQR US11:00Q2 2015 Earnings CallQ2 2015
McKesson CorpMCK US11:30Annual General MeetingY 2015
Franklin Resources IncBEN US12:00Q3 2015 Earnings CallQ3 2015
Northrop Grumman CorpNOC US12:00Q2 2015 Earnings CallQ2 2015
Southern Co/TheSO US13:00Q2 2015 Earnings CallQ2 2015
WEC Energy Group IncWEC US14:30Q2 2015 Earnings CallQ2 2015
Unum GroupUNM US16:00Q2 2015 Earnings ReleaseQ2 20150.901
Realty Income CorpO US16:00Q2 2015 Earnings ReleaseQ2 20150.675
McKesson CorpMCK US16:00Q1 2016 Earnings ReleaseQ1 20162.904
Qorvo IncQRVO US16:00Q1 2016 Earnings ReleaseQ1 20161.057
O'Reilly Automotive IncORLY US16:30Q2 2015 Earnings ReleaseQ2 20152.261
Wynn Resorts LtdWYNN US16:30Q2 2015 Earnings CallQ2 2015
Baxter International IncBAX US17:00Q2 2015 Earnings CallQ2 2015
Varian Medical Systems IncVAR US17:00Q3 2015 Earnings CallQ3 2015
Western Digital CorpWDC US17:00Q4 2015 Earnings CallQ4 2015
Fiserv IncFISV US17:00Q2 2015 Earnings CallQ2 2015
Lam Research CorpLRCX US17:00Q4 2015 Earnings CallQ4 2015
Vertex Pharmaceuticals IncVRTX US17:00Q2 2015 Earnings CallQ2 2015
Whole Foods Market IncWFM US17:00Q3 2015 Earnings CallQ3 2015
McKesson CorpMCK US17:00Q1 2016 Earnings CallQ1 2016
Marriott International Inc/MDMAR US17:00Q2 2015 Earnings ReleaseQ2 20150.813
Facebook IncFB US17:00Q2 2015 Earnings CallQ2 2015
Qorvo IncQRVO US17:00Q1 2016 Earnings CallQ1 2016
Lincoln National CorpLNC USAft-mktQ2 2015 Earnings ReleaseQ2 20151.529
Murphy Oil CorpMUR USAft-mktQ2 2015 Earnings ReleaseQ2 2015-0.549
Owens-Illinois IncOI USAft-mktQ2 2015 Earnings ReleaseQ2 20150.586
Public StoragePSA USAft-mktQ2 2015 Earnings ReleaseQ2 20152.143
Varian Medical Systems IncVAR USAft-mktQ3 2015 Earnings ReleaseQ3 20151.117
Western Digital CorpWDC USAft-mktQ4 2015 Earnings ReleaseQ4 20151.466
Williams Cos Inc/TheWMB USAft-mktQ2 2015 Earnings ReleaseQ2 20150.274
Fiserv IncFISV USAft-mktQ2 2015 Earnings ReleaseQ2 20150.936
Lam Research CorpLRCX USAft-mktQ4 2015 Earnings ReleaseQ4 20151.474
Vertex Pharmaceuticals IncVRTX USAft-mktQ2 2015 Earnings ReleaseQ2 2015-0.802
Whole Foods Market IncWFM USAft-mktQ3 2015 Earnings ReleaseQ3 20150.447
Boston Properties IncBXP USAft-mktQ2 2015 Earnings ReleaseQ2 20151.337
MetLife IncMET USAft-mktQ2 2015 Earnings ReleaseQ2 20151.487
Wynn Resorts LtdWYNN USAft-mktQ2 2015 Earnings ReleaseQ2 20150.97
Equinix IncEQIX USAft-mktQ2 2015 Earnings ReleaseQ2 20152.987
Facebook IncFB USAft-mktQ2 2015 Earnings ReleaseQ2 20150.471
Equinix IncEQIX US17:30Q2 2015 Earnings CallQ2 2015
Equifax IncEFX USInvestors Meeting - DallasY 2015
Microsoft CorpMSFT USMicrosoft Windows 10 - Latest Version Product Release
Martin Marietta Materials IncMLM USQ2 2015 Earnings ReleaseQ2 20151.584