Tuesday, April 22, 2014

Zillow - Barchart's Chart of the Day

Zillow (Z) the internet real estate information stock is Barchart's Chart of the Day.  The stock has a break out chart, a Trend Spotter buy signal, a Weighted Alpha of 87.35+ and gained 86.20% in the last year.


The Chart of the Day is Zillow (Z).  I found the stock by sorting today's New High List for the stocks with the best technical indicators then reviewed the charts using the Flipchart feature.  Zillow has a break out chart and since the Trend Spotter signaled a buy on 3/17 gained 14.69%.

Z is a real estate information marketplace. It help homeowners, buyers, sellers, renters, real estate agents, mortgage professionals, landlords and property managers find and share information about homes, real estate and mortgages. The Company provides information through their website and mobile applications.


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
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new hgihs and up 4.73% in the last month
  • Relative Strength Index 67.58%
  • Barchart computes a technical support level at 90.57
  • Recently traded at 104.95 with a 50 day moving average of 88.47
Fundamental factors:
  • Market Cap  $4.13 billion
  • Revenue expected to increase by 49.20% this year and another 35.30% next year
  • Earnings estimated to decrease by 52.90% this year but increase by 750.00% next year and continue to increase at an annual rate of 50.23% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 7 buy and 6 hold recommendations on the stock.
I like Zillow and use it myself.  The price is volatile so watch the 50 day moving average and use the 100 day moving average as your moving stop loss.

5 Great Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find 5 with great technical indicators and charts.

Today's list includes Union Pacific (UNP), Southwestern Energy (SWN), Snap-On (SNA), Schlumberger (SLB) and Raytheon (RTN):

Union Pacific (UNP)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 3.21% in the last month
  • Relative Strength Index 64.46%
  • Barchart computes a technical support level at 188.67
  • Recently traded at 192.74 with a 50 day moving average of 184.18


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 4.90% in the last month
  • Relative Strength Index 72.23%
  • Barchart computes a technical support level at 48.13
  • Recently traded at 48.86 with a 50 day moving average of 44.36
Snap-On (SNA)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 4.20% in the last month
  • Relative Strength Index 65.63%
  • Barchart computes a technical support level at 114.09
  • Recently traded at 117.17 with a 50 day moving average of 111.49


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up up 9.83% in the last month
  • Relative Strength Index 71.00%
  • Barchart computes a technical support level at 99.09
  • Recently traded at 101.85 with a 50 day moving average of 94.11
Raytheon (RTN)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 4.36% in the last month
  • Relative Strength Index 62.10%
  • Barchart computes a technical support level at 100.08
  • Recently traded at 101.63 with a 50 day moving average of 98.22










BARCHART MORNING CALL 4/22

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.01%) this morning are up +0.01% and European stocks are up +0.95% after drug maker stocks rallied as more than $28 billion in M&A deals has bolstered speculation of more takeovers. GlaxoSmithKline Plc and AstraZeneca Plc jumped more than 5% after Novartis AG agreed to buy Glaxo's cancer-drug business for as much as $16 billion, and after reports surfaced about a potential AstraZeneca acquisition by Pfizer. The Ukraine deal nears collapse after pro-Russian forces who seized buildings in at least 10 eastern Ukrainian cities said they are not bound by the deal reached last Thursday by Ukraine. Asian stocks closed mixed: Japan -0.85%, Hong Kong -0.13%, China +0.44%, Taiwan +0.26%, Australia +0.46%, Singapore +0.67%, South Korea +0.25%, India -0.03%. Commodity prices are mixed. Jun crude oil (CLM14 -0.37%) is down -0.36%. Jun gasoline (RBM14 -0.43%) is down -0.46%. Jun gold (GCM14 +0.23%) is up +0.26%. May copper (HGK14 -0.36%) is down -0.35%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.12%) is down -0.14%. EUR/USD (^EURUSD) recovered from a 1-1/2 week low and is up +0.19% on expectations for Eurozone Apr consumer confidence, scheduled to be released later today, will remain unchanged. USD/JPY (^USDJPY) is down -0.04%. June T-note prices (ZNM14 +0.03%) are up +2 ticks.
The chairman of China Huarong Asset Management, China's largest manager of bad debt, said that China's bad-loan ratio rose "significantly" in Q1 as the business environment this year has been "grim and complicated" as lenders face pressures on asset quality, liquidity and lending margins. This increases the risks for China's entire banking industry.
ECB Executive Board member Coeure said that "all things being equal, a stronger euro justifies accommodative monetary policy, and that the ECB could cut the benchmark rate and/or deposit rate if necessary to counter the strength from the currency."
Eurozone Feb construction output rose +0.1% m/m and +6.7% y/y, weaker than Jan which was revised to +1.6% m/m and +8.0% y/y from the originally reported +1.5% m/m and +8.8% y/y.
The Japan Feb leading index CI was revised upward to 108.9 from the originally reported 108.5. The Feb coincident index was revised down to 113.0 from the originally reported 113.4.
U.S. STOCK PREVIEW
Today’s March existing home sales report is expected to show a -1.1% decline to 4.55 million, adding to the -0.4% decline to 4.60 million seen in February. Today’s Feb FHFA house price index is expected to show an increase of +0.5% m/m, matching the +0.5% m/m increase seen in January. Today’s Apr Richmond Fed manufacturing index is expected to show a +9 point increase to 2 following the -1 point decline to -7 seen in March. The Treasury today will sell $32 billion in 2-year T-notes.
There are 30 of the S&P 500 companies that report earnings today. Notable reports include AT&T (consensus $0.70), Yum Brands (0.84), Amgen (1.94), Discover (1.25), Comcast (0.64), Lockheed Martin (2.54), and McDonalds (1.24). The only equity conference this week is the Barclays Chicago Energy CFO Corporate Day on Tuesday.


OVERNIGHT U.S. STOCK MOVERS
Lockheed Martin (LMT +0.77%) reported Q1 EPS of $2.87, higher than consensus of $2.54.
Comcast (CMCSA +1.59%) reported Q1 EPS of 68 cents, better than consensus of 64 cents.
Harley-Davidson (HOG +1.35%) reported Q1 EPS of $1.21, stronger than consensus of $1.08.
Travelers (TRV -0.32%) reported Q1 EPS of $2.95, well ahead of consensus of $2.16.
Celanese (CE +0.96%) reported Q1 EPS of $1.33, well above consensus of $1.21.
Allergan (AGN +6.03%) surged 19% in European trading after Pershing Square reported a 9.7% stake in the company and then said that Valeant (VRX +3.24%) intends to propose a merger with Allergan.
Lone Pine Capital reported a 5.5% passive stake in Michael Kors (KORS +0.83%) .
Rent-A-Center (RCII -1.38%) reported Q1 adjusted EPS of 57 cents, better than consensus of 55 cents, and then raised guidance on fiscal 2014 EPS to $2.30-$2.50, higher than consensus of $2.29.
Werner (WERN -0.08%) reported Q1 EPS of 20 cents, below consensus of 21 cents.
Visium Asset reported a 5.1% passive stake in Brookdale Senior Living (BKD +0.41%) .
Polaris Venture Partners V reported a 17.3% stake in Cerulean (CERU +6.72%) .
The U.S. Food and Drug Administration approved Eli Lilly's (LLY +0.71%) Cyramza drug to treat patients with advanced stomach cancer or gastroesophageal junction adenocarcinoma.
Hexcel (HXL unch) reported Q1 EPS of 50 cents, better than consensus of 49 cents.
Waste Connections (WCN -0.02%) reported Q1 adjusted EPS of 44 cents, higher than consensus of 41 cents.
Facebook (FB +3.90%) climbed over 2% in after-hours trading after it was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
Netflix (NFLX +0.80%) rose 7% in after-hours trading after it reported Q1 EPS of 86 cents, higher than consensus of 83 cents, and said it expects Q2 EPS of $1.12, better than consensus of $1.00.
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.01%) this morning are up +0.25 of a point (+0.01%). The S&P 500 index on Monday rose to a 1-week high and closed higher. Bullish factors included (1) the +0.8% increase in U.S. Mar leading indicators, stronger than expectations of +0.7% and the largest increase in 4 months, and (2) optimism that U.S. Q1 company earnings results will continue to surprise on the upside as 70% of the 86 S&P 500 companies that have reported earnings results thus far have beaten expectations. Closes: S&P 500 +0.38%, Dow Jones +0.25%, Nasdaq +0.72%.
Jun 10-year T-notes (ZNM14 +0.03%) this morning are up +2 ticks. Jun 10-year T-note futures prices on Monday rebounded from a 2-week low and closed little changed. Bullish factors included (1) concerns over the global economy after Japan Mar exports rose at the slowest pace in a year, and (2) increased safe-haven demand for Treasuries on concern the crisis in Ukraine may escalate after three people were killed in a clash between pro-Russian militants and Ukraine forces in the Ukraine city of Slovyansk. T-note prices fell back from their best levels after strength in stocks undercut safe-haven demand for Treasuries. Closes: TYM4 -20.00, FVM4 -11.00.
The dollar index (DXY00 -0.12%) this morning is down -0.109 (-0.14%). EUR/USD (^EURUSD) is up +0.0026 (+0.19%). USD/JPY (^USDJPY) is down -0.04 (-0.04%). The dollar index on Monday rallied up to a 1-1/2 week high and closed higher. Supportive factors for the dollar included (1) the stronger-than-expected U.S. Mar leading indicators, which boosts the outlook for the Fed to continue to taper QE3, and (2) weakness in the yen after USD/JPY climbed to a 1-1/2 week high when Japan Mar exports rose +1.8% y/y, weaker than expectations of +6.5% y/y and the slowest pace of increase in a year, which bolsters speculation the BOJ may increase its stimulus measures. Closes: Dollar index +0.109 (+0.14%), EUR/USD -0.00206 (-0.15%), USD/JPY +0.211 (+0.21%).
Jun WTI crude oil (CLM14 -0.37%) this morning is down -37 cents (-0.36%) and Jun gasoline (RBM14 -0.43%) is down -0.0141 (-0.46%). Jun crude and gasoline prices on Monday closed higher with Jun gasoline at a 7-1/2 month high. Bullish factors included (1) the larger-than-expected +0.8% increase in U.S. Mar leading indicators, which signals strength in the U.S. economy and energy demand, (2) the ongoing Ukraine crisis and concern any further escalation of hostilities could lead to a disruption of energy supplies throughout Europe. Closes: CLM4 +0.28 (+0.27%). RBM4 +0.0221 (+0.73%).
GLOBAL EVENT CALENDAR04/22/2014
US0900 ETFeb FHFA house price index expected +0.5% m/m, Jan +0.5% m/m.
1000 ETApr Richmond Fed manufacturing index expected +9 to 2, Mar -1 to -7.
1000 ETMar existing home sales expected -1.1% to 4.55 million, Feb -0.4% to 4.60 million.
1145 ETFormer Fed Chairman Ben Bernanke speaks at the Economic Club of Canada on 8 Years of Crisis Management at the Federal Reserve and the Way Forward.
1300 ETTreasury auctions $32 billion 2-year T-notes.
1500 ETUSDA Mar Cold Storage.
JPN0100 ETRevised Japan Fed leading index CI, previous 108.5. Revised Feb coincident index CI, previous 113.4.
EUR0500 ETEurozone Feb construction output, Jan +1.5% m/m and +8.8% y/y.
1000 ETEurozone Apr consumer confidence expected unch at -9.3, Mar -9.3.
CHI2145 ETChina HSBC Apr manufacturing PMI expected +0.3 to 48.3, Mar -0.5 to 48.0.
U.S. STOCK CALENDAR04/22/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Pentair LtdPNR USBef-mktQ1 2014 Earnings ReleaseQ1 20140.728
Omnicom Group IncOMC USBef-mktQ1 2014 Earnings ReleaseQ1 20140.789
Lockheed Martin CorpLMT USBef-mktQ1 2014 Earnings ReleaseQ1 20142.535
Allegheny Technologies IncATI USBef-mktQ1 2014 Earnings ReleaseQ1 2014-0.07
Regions Financial CorpRF USBef-mktQ1 2014 Earnings ReleaseQ1 20140.195
Prologis IncPLD USBef-mktQ1 2014 Earnings ReleaseQ1 20140.42
Genuine Parts CoGPC USBef-mktQ1 2014 Earnings ReleaseQ1 20141.019
Harley-Davidson IncHOG USBef-mktQ1 2014 Earnings ReleaseQ1 20141.082
Simon Property Group IncSPG USBef-mktQ1 2014 Earnings ReleaseQ1 20142.243
Interpublic Group of Cos Inc/TheIPG USBef-mktQ1 2014 Earnings ReleaseQ1 2014-0.081
McDonald's CorpMCD USBef-mktQ1 2014 Earnings ReleaseQ1 20141.238
Bank of New York Mellon Corp/TheBK US6:30Q1 2014 Earnings ReleaseQ1 20140.535
United Technologies CorpUTX US6:59Q1 2014 Earnings ReleaseQ1 20141.273
Xerox CorpXRX US7:15Q1 2014 Earnings ReleaseQ1 20140.238
Bank of New York Mellon Corp/TheBK US8:00Q1 2014 Earnings CallQ1 2014
Coca-Cola Enterprises IncCCE US8:00Annual General MeetingY 2014
Illinois Tool Works IncITW US8:00Q1 2014 Earnings ReleaseQ1 20140.978
Omnicom Group IncOMC US8:30Q1 2014 Earnings CallQ1 2014
Allegheny Technologies IncATI US8:30Q1 2014 Earnings CallQ1 2014
Comcast CorpCMCSA US8:30Q1 2014 Earnings CallQ1 2014
Interpublic Group of Cos Inc/TheIPG US8:30Q1 2014 Earnings CallQ1 2014
Pentair LtdPNR US9:00Q1 2014 Earnings CallQ1 2014
Travelers Cos Inc/TheTRV US9:00Q1 2014 Earnings CallQ1 2014
United Technologies CorpUTX US9:00Q1 2014 Earnings CallQ1 2014
Harley-Davidson IncHOG US9:00Q1 2014 Earnings CallQ1 2014
SunTrust Banks IncSTI US9:30Annual General Meeting
Citigroup IncC US10:00Annual General MeetingY 2014
Xerox CorpXRX US10:00Q1 2014 Earnings CallQ1 2014
Illinois Tool Works IncITW US10:00Q1 2014 Earnings CallQ1 2014
CR Bard IncBCR USAft-mktQ1 2014 Earnings ReleaseQ1 20141.862
Yum! Brands IncYUM USAft-mktQ1 2014 Earnings ReleaseQ1 20140.837
AT&T IncT USAft-mktQ1 2014 Earnings ReleaseQ1 20140.698
Torchmark CorpTMK USAft-mktQ1 2014 Earnings ReleaseQ1 20141.507
Nabors Industries LtdNBR USAft-mktQ1 2014 Earnings ReleaseQ1 20140.152
FMC Technologies IncFTI USAft-mktQ1 2014 Earnings ReleaseQ1 20140.5
Intuitive Surgical IncISRG USAft-mktQ1 2014 Earnings ReleaseQ1 20142.7
Amgen IncAMGN USAft-mktQ1 2014 Earnings ReleaseQ1 20141.94
Juniper Networks IncJNPR USAft-mktQ1 2014 Earnings ReleaseQ1 20140.29
International Game TechnologyIGT USAft-mktQ2 2014 Earnings ReleaseQ2 20140.189
Discover Financial ServicesDFS USAft-mktQ1 2014 Earnings ReleaseQ1 20141.254
Noble Energy IncNBL USAnnual General MeetingY 2014
American Electric Power Co IncAEP USAnnual General Meeting
Travelers Cos Inc/TheTRV USQ1 2014 Earnings ReleaseQ1 20142.155
Comerica IncCMA USAnnual General MeetingY 2014
PerkinElmer IncPKI USAnnual General Meeting
Actavis plcACT USFDA Adcomm, Moxduo (morphine/oxycodone fixed-ratio combo), acute pain
VF CorpVFC USAnnual General Meeting
Comcast CorpCMCSA USQ1 2014 Earnings ReleaseQ1 20140.644
Stryker CorpSYK USAnnual General Meeting

Thursday, April 10, 2014

Atmos Energy - Barchart's Chart of the Day

Atmos Energy (ATO) is the Barchart Chart of the Day.  The natural gas distribution stock has a Trend Spotter buy signal, a Weighted Alpha of 17.02+ and gained 12.76% in the last year.

The Chart of the Day is Atmos Energy (ATO).  There is not a lot to be happy about today.  Only 4 stocks on the All Time High list had a Barchart technical indicator score of 100%.  I found the stock by sorting the All Time High list for the best technical indicators then used the Flipchart function to review the charts.  Since the Trend Spotter signaled a buy on 3/17 the stock gained 4.38%.

ATO distributes and sells natural gas to residential, commercial, industrial, agricultural and other customers. They operate through five divisions in cities, towns and communities in service areas located in Colorado, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Missouri, South Carolina, Tennessee, Texas and Virginia. The Company has entered into an agreement to sell all of its natural gas utility operations in South Carolina. They also transport natural gas for others through its distribution system.


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
  • 12 new highs and up 7.65% in the last month
  • Relative Strength Index 73.58%
  • Barchart computes a technical  support level at 47.39
  • Recently traded at 48.88 with a 50 day moving average of 46.38
Fundamental factors:
  • Market Cap $4.45 billion
  • P/E 17.97
  • Dividend yield 3.08%
  • Revenue expected to grow 8.50% this year and another 10.50% next year
  • Earnings estimated to increase by 9.10% this year, an additional 6.50% next year and continue to increase by 6.90% annually for the next 5 years
  • Wall Street analysts issued 1 strong buy, 1 buy and 5 hold recommendations on this stock
Market up or down consumers will need natural gas.  Use the 50 day moving average for a signal of price weakness and the 100 day moving average as an exit point.

5 Great Mid Caps

Today I use Barchart to sort the S&P 400 Mid Cap Index stocks to find the stocks with the best technical indicators and charts.  Today's list includes Tech Data (TECD), RenaisseanceRe Holdings (RNR), Omega Healthcare Holdings (OHI), MSC Industrial Direct (MSM) and Hospitality Properties Trust (HPT):

Tech Data (TECD)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 12.38% in the last month
  • Relative Strength Index 74.64
  • Barchart computes a technical support level at 61.37
  • Recently traded at 64.65 with a 50 day moving average of 57.58


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 2.83% in the last month
  • Relative Strength Index 68.46%
  • Barchart computes a technical support level at 97.16
  • Recently traded at 99.19 with a 50 day moving average of 95.23


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 6.23% in the last month
  • Relative Strength Index 66.25%
  • Barchart computes a technical support level at 33.43
  • Recently traded at 34.44 with a 50 day moving average of 32.41


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 1.90% in the last month
  • Relative Strength Index 67.80%
  • Barchart computes a technical support level at 86.87
  • Recently traded at 90.00 with a 50 day moving average of 85.63


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 7.87% in the last month
  • Relative Strength Index 73.43%
  • Barchart computes a technical support level at 28.58
  • Recently traded at 29.37 with a 50 day moving average of 27.24











BARCHART MORNING CALL 4/10

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 -0.01%) this morning are down -0.15% and European stocks are down -0.54% on concern over a slowdown in the ChinesJe economy after China's Mar exports unexpectedly fell for a second month. Asian stocks closed mostly higher: Japan unchanged, Hong Kong +1.51%, China +1.57%, Taiwan +0.20%, Australia +0.31%, Singapore -0.20%, South Korea +0.46%, India +0.06%. Hong Kong's Hang Seng Stock Index rose to a 2-3/4 month high and China's Shanghai Stock Index recovered from losses due to weak China Mar trade data and rallied up to a 1-1/2 month high after the government said it would allow a combined 23.5 billion yuan ($3.8 billion) of daily cross-border trading in equities with Hong Kong. China's Securities Regulatory Commission said investors will be able to trade 10.5 billion yuan of Hong Kong-listed stocks through the Shanghai exchange, and 13 billion yuan of mainland shares through Hong Kong. Commodity prices are mixed. May crude oil (CLK14 -0.23%) is down -0.19%. May gasoline (RBK14 -0.60%) is down -0.47%. Jun gold (GCM14 +1.30%) is up +1.24% at a 2-week high after the minutes of the latest FOMC meeting showed that several policy makers said projections for an interest-rate increase might be overstated. May copper (HGK14 -0.15%) is down -0.12%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.01%) is down -0.05% at a 3-week low. EUR/USD (^EURUSD) is up +0.09% at a 2-week high. USD/JPY (^USDJPY) is down -0.34% at a 3-week low. June T-note prices (ZNM14 +0.15%) are up +9 ticks at a 3-week high.
The China Mar trade balance climbed to a +$7.71 billion surplus, higher than expectations of a +$1.80 billion surplus. Mar exports unexpectedly fell for a second month as they dropped -6.6% y/y, weaker than expectations of a +4.8% y/y increase. Mar imports unexpectedly fell -11.3% y/y, weaker than expectations of a +3.9% y/y increase and the largest decline in 13 months.
As expected, the BOE maintained its benchmark interest rate at 0.50% and held the asset purchase target at 375 billion pounds.
The UK Mar RICS house price balance unexpectedly rose +10 to 57%, better than expectations of a -4 point decline to 43%.
Japan Mar machine tool orders surged +41.8% y/y, the largest increase in 2-3/4 years.
Japan Feb machine orders fell -8.8% m/m and rose +10.8% y/y, weaker than expectations of -2.6% m/m and +17.5% y/y.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a decline of -6,000 to 320,000, reversing part of last week’s +16,000 increase to 326,000. Meanwhile, continuing claims are expected to show a slight decline of -1,000 to 2.835 million after last week’s increase of +22,000 to 2.836 million. Today’s March import price index is expected to rise by +0.2% m/m, adding to the +0.9% increase seen in February. The Treasury today will conclude this week’s $64 billion coupon package by selling $13 billion of 30-year T-bonds. There are 2 of the Russell 1000 companies that report earnings today: Family Dollar Stores (consensus $0.90), Commerce Bancshares (0.68). There are no equity conferences during the remainder of the week.
OVERNIGHT U.S. STOCK MOVERS
Molson Coors (TAP +0.19%) was downgraded to 'Neutral' from 'Buy' at Nomura.
Rite Aid (RAD +4.75%) reported Q4 EPS ex-items of 10 cents, more than double consensus of 4 cents.
Facebook (FB +7.25%) was upgraded to 'Buy' from 'Hold' at Pivotal Research.
Twitter (TWTR +1.70%) was upgraded to 'Hold' from 'Sell' at Cantor.
Pier 1 Imports (PIR -0.27%) reported Q4 EPS of 41 cents, right on consensus, although Q4 revenue of $515.8 million was slghtly better than consensus of $512.76 million.
Akamai (AKAM +1.34%) was upgraded to 'Buy' from 'Neutral' at B. Riley.
Family Dollar Stores (FDO +0.56%) reported Q2 EPS of 80 cents, well below consensus of 90 cents, and then lowered guidance on fiscal 2014 EPS ex-items to $3.05-$3.25, below consensus of $3.38.
Chevron (CVX +1.10%) warned in its interim update that earnings for Q1 2014 are expected to be lower than Q4, principally as a result of adverse foreign exchange effects and selected asset impairments and related charges.
Huber Capital reported a 10.14% passive stake in Uranium Energy (UEC +16.50%) .
Bed Bath & Beyond (BBBY +0.22%) fell 4% in after-hours trading after it reported Q4 EPS of $1.60, right on consensus, but reported Q4 revenue of $3.2 billion, less than consensus of $3.22 billion.
PriceSmart (PSMT +0.99%) reported Q2 EPS of 93 cents, better than consensus of 88 cents.
MARKET COMMENTS
June E-mini S&Ps (ESM14 -0.01%) this morning are down -2.75 points (-0.15%). The S&P 500 on Wednesday closed higher. Bullish factors included (1) optimism that Q1 quarterly company earnings results will be positive for stocks after Alcoa started off the earnings season by reporting higher-then-expected profits, and (2) reduced interest rate concerns after the minutes of the Mar 18-19 FOMC meeting noted the Fed members said the projections for the timing of a Fed interest rate increase were exaggerated. Closes: S&P 500 +1.09%, Dow Jones +1.11%, Nasdaq +1.76%.
Jun 10-year T-notes (ZNM14 +0.15%) this morning are up +9 ticks at a 3-week high. Jun 10-year T-note futures prices on Wednesday opened lower on reduced safe-haven demand after stocks rose, but T-notes erased their decline and rallied to a 3-week high after the minutes of the Mar 18-19 FOMC meeting said that the rise in median projections for the Fed to begin raising the Fed funds rate was exaggerated. Closes: TYM4 +5.00, FVM4 +6.25.
The dollar index (DXY00 -0.01%) this morning is down -0.041 (-0.05%) at a 3-week low. EUR/USD (^EURUSD) is up +0.0013 (+0.09%) at a 2-week high. USD/JPY (^USDJPY) is down -0.35 (-0.34%) at a 3-week low. The dollar index on Wednesday dropped to a 3-week low and closed lower. Bearish factors included (1) the dovish minutes of the Mar 18-19 FOMC meeting in which Fed members said projections for the timing of a Fed interest rate increase were overstated, and (2) strength in EUR/USD which rallied to a 2-week high on speculation the ECB will refrain from QE after the IMF on Tuesday raised its Eurozone 2014 GDP forecast to 1.2% from its Jan estimate of 1.0%. Closes: Dollar index -0.268 (-0.34%), EUR/USD +0.00585 (+0.42%), USD/JPY +0.186 (+0.18%).
May WTI crude oil (CLK14 -0.23%) this morning is down -20 cents (-0.19%) and May gasoline (RBK14 -0.60%) is down -0.0142 (-0.47%). May crude and gasoline prices on Wednesday posted 1-month highs and closed higher. Bullish factors included (1) the fall in the dollar index to a 3-week low, and (2) the -5.188 mln bbl plunge in weekly EIA gasoline inventories to a 4-1/2 month low versus expectations for a -940,000 bbl draw. Crude oil prices fell back from their best levels after the +4.03 million bbl surge in weekly EIA crude inventories to a 4-month high versus expectations of +970,000. Closes: CLK4 +1.04 (+1.01%). RBK4 +0.0283 (+0.95%).
GLOBAL EVENT CALENDAR04/10/2014
US0830 ETWeekly initial unemployment claims expected -6,000 to 320,000, previous +16,000 to 326,000. Weekly continuing claims expected -1,000 to 2.835 million, previous +22,000 to 2.836 million.
0830 ETMar import price index expected +0.2% m/m and -0.9% y/y, Feb +0.9% m/m and -1.1% y/y.
0830 ETUSDA weekly Export Sales.
1100 ETTreasury announces amount of 5-year TIPS to be auctioned Apr 17.
1130 ETChicago Fed President Charles Evans, ECB Vice President Vitor Constancio and RBI Governor Raghuram Rajan speak on a panel discussion on Global Monetary Policy and Emerging Markets in Washington D.C.
1300 ETTreasury auctions $13 billion 30-year T-bonds.
1400 ETMar monthly budget statement expected -$71.0 billion, Feb -$193.5 billion.
JPN0200 ETJapan machine tool orders, Feb +26.15 y/y.
1950 ETJapan Mar domestic CGPI expected +0.1% m/m and +1.8% y/y, Feb -0.2% m/m and +1.8% y/y.
EUR0400 ETECB publishes monthly report for April.
UK0700 ETBOE announces interest rate decision and asset purchase target.
CHI2130 ETChina Mar CPI expected +2.4% y/y, Feb +2.0% y/y. Mar PPI expected -2.2% y/y, Feb -2.0% y/y.
U.S. STOCK CALENDAR04/10/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Family Dollar Stores IncFDO USBef-mktQ2 2014 Earnings ReleaseQ2 20140.895
Commerce Bancshares Inc/MOCBSH USBef-mktQ1 2014 Earnings ReleaseQ1 20140.677
L Brands IncLB US7:30March 2014 Sales and Revenue Call2014
ConocoPhillipsCOP US9:00Analyst MeetingY 2014
Family Dollar Stores IncFDO US10:00Q2 2014 Earnings CallQ2 2014
Host Hotels & Resorts IncHST US10:00Investor DayY 2014
Gap Inc/TheGPS USMarch 2014 Sales and Revenue Release2014
Gap Inc/TheGPS USMarch 2014 Sales and Revenue Call2014
L Brands IncLB USMarch 2014 Sales and Revenue Release2014
Questar CorpSTR USRoadshow - Day 3Y 2014
Weyerhaeuser CoWY USAnnual General Meeting
Adobe Systems IncADBE USAnnual General Meeting
Costco Wholesale CorpCOST USMarch 2014 Sales and Revenue Release2014

Wednesday, April 9, 2014

Autoliv - Barchart's Chart of the Day

Autoliv (AL) is the Barchart Chart of the Day.  The auto parts manufacturer has a Trend Spotter buy signal, a Weighted Alpha of 44.80+ and gained 52.09% in the last year.

The Chart of the Day is Auotliv (ALV).  I found the stock by sorting today's All Time High list for the best technical indicators then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/6 the stock gained 10.41%.

ALV is a 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 its 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 signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 6.23% in the last month
  • Relative Strength Index 67.13%
  • Barchart computes a technical support level at 100.35
  • Recently traded at 102.92 with a 50 day moving average of 96.33
Fundamental factors:
  • Market Cap $ 9.88 billion
  • P/E 17.38
  • Dividend yield 2.09%
  • Revenue predicted to grow 5.50% this year and another 5.80% next year
  • Earnings are estimated to increase by 9.50% this year, an additional 14.80% next year and continue to increase at an annual rate of 7.48% for he next 5 years
  • Wall Street analysts are all over the place with 1 strong buy, 2 buy, 10 hold, 3 under perform and 2 sell recommendations on the stock
As the auto industry recovers this stock should have solid gains.  Use the 50 day moving averages as a signal of weakness and the 100 day moving average to preserve profits.

BARCHART MORNING CALL 4/9

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.14%) this morning are up +0.09% and European stocks are up +0.32%. Alcoa started quarterly earnings season off on a positive note as it trades up by more than 3% in pre-market trading after it reported better-than-expected quarterly profits. The situation in Ukraine remains tense after pro-Russian activists released scores of hostages in Ukraine's eastern city of Luhansk today after U.S. Secretary of State Kerry accused Russia of using "special forces and agents" to fuel unrest. Asian stocks outside of Japan closed higher: Japan -2.10%, Hong Kong +1.09%, China +0.06%, Taiwan +0.48%, Australia +0.98%, Singapore +0.18%, South Korea +0.28%, India +1.61%. China's Shanghai Stock Index posted a 1-1/2 month high on signs the government will boost stimulus measures to promote economic growth after the People's Daily reported that the Chinese government raised its fixed-asset investment target for railway spending this year to 720 billion yuan ($116.2 billion) from 700 billion yuan. Commodity prices are mixed. May crude oil (CLK14 +0.16%) is down -0.03%. May gasoline (RBK14 +0.30%) is up +0.23%. Jun gold (GCM14 -0.45%) is up +0.02%. May copper (HGK14 -0.69%) is down -0.48%. Agriculture and livestock prices are mixed, although May soybeans are up +0.74% at a 7-month nearest-futures high ahead of the USDA's Apr WASDE crop production report later today. The dollar index (DXY00 +0.07%) is up +0.06%. EUR/USD (^EURUSD) is up +0.05%. USD/JPY (^USDJPY) is up +0.23%. June T-note prices (ZNM14 -0.11%) are down -5 ticks.
The German Feb trade balance increased to a 16.3 billion euro surplus from a 15.0 billion euro surplus in Jan, less than expectations of a 17.5 billion euro surplus. Feb exports fell -1.3% m/m, more than expectations of -0.5% m/m and the biggest decline in 9 months. Feb imports rose +0.4% m/m, better than expectations of +0.1% m/m.
The South Korean won climbed to 1,040.46 per dollar today, the highest in 5-1/2 years, on speculation that South Korean authorities will allow it to appreciate after South Korean Finance Minister Hyun Oh Seok told reporters that the government is more concerned with currency market volatility than the level of the won.
U.S. STOCK PREVIEW
The minutes will be released today from the March 18-19 FOMC meeting. That was the meeting at which the FOMC dropped its 6.5% unemployment rate threshold and said will now look at a “wide range of information” when deciding on policy. The Treasury today will sell $21 billion in 10-year T-notes. There are 4 of the Russell 1000 companies that report earnings today: Constellation Brands (consensus $0.76), MSC Industrial Direct (0.85), Bed Bath & Beyond (1.60), and Progressive Corp (0.39). Equity and industry conferences during the remainder of this week include: BNEF Summit on Mon-Wed, and New Economic Summit (NES) 2014 on Tue-Wed.
OVERNIGHT U.S. STOCK MOVERS
Constellation Brands (STZ +0.84%) raised guidance on fiscal 2015 adjusted EPS to $3.95-$4.15, above consensus of $3.95.

Arch Coal (ACI +3.19%) and Walter Energy (WLT +4.77%) were both downgraded to 'Sell' from 'Neutral' at UBS.
General Motors (GM +1.23%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
The WSJ reports that Apple (AAPL -0.01%) seeks $2.2 billion in damages from Samsung (SSNLF +6.56%) in patent infringement charges that covers more than 37 million smartphones and tablets sold by Samsung in the U.S. from 2011-2013.
CBOE Holdings (CBOE -1.08%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill.
NASDAQ (NDAQ -2.74%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill.
Tech Data (TECD +0.62%) reported Q4 adjusted EPS of $2.10, better than consensus of $1.93, although Q$ revenue of $7.97 billion was below consensus of $7.98 billion.
Toyota Motor (TM -2.06%) announced five recalls involving 27 Toyota models and over 6 million vehicles worldwide.
Aeropostale (ARO +1.19%) was downgraded to 'Underweight' from 'Neutral' at Piper Jaffray.
Intuitive Surgical (ISRG -1.45%) slumped over 10% in after-hours trading after it said it sees Q1 revenue of $465 million, well below consensus of $537.9 million.
SAIC (SAIC +1.50%) reported Q4 EPS of 66 cents, higher than consensus of 65 cents.
JP Morgan Chase reported a 10.7% passive stake in Malibu Boats (MBUU +0.41%) .
Philip Morris (PM +1.12%) was upgraded to 'Neutral' from 'Reduce' at Nomura.
Alcoa (AA +0.48%) rose over 3% in pre-market trading after it reported Q1 adjusted EPS of 9 cents, well ahead of consensus of 5 cents, although Q1 revenue of $5.50 billion was below consensus of $5.55 billion.
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.14%) this morning are up +1.75 points (+0.09%). The S&P 500 on Tuesday closed higher. Bullish factors included (1) the IMF report stating that the U.S. economy is in good shape and is providing a “major impulse” to global economic growth, and (2) a rebound in biotechnology and computer and internet-related stocks that had slumped over the past 2 sessions on concern about their high multiples. Closes: S&P 500 +0.38%, Dow Jones +0.06%, Nasdaq +0.87%.
Jun 10-year T-notes (ZNM14 -0.11%) this morning are down -5 ticks. Jun 10-year T-note futures prices on Tuesday climbed to a 2-week high and closed higher. Bullish factors included (1) increased flight-to-safety demand for T-notes on concerns about Ukraine after Russia called on Ukraine to halt all military preparations “immediately” in the eastern part of Ukraine or risk civil war, and (2) strong demand for the Treasury’s $30 billion 3-year T-note auction that had a bid-to-cover ratio of 3.36, above the 12-auction average of 3.28. Closes: TYM4 +6.00, FVM4 +1.25.
The dollar index (DXY00 +0.07%) this morning is up +0.044 (+0.06%). EUR/USD (^EURUSD) is up +0.0007 (+0.05%). USD/JPY
(^USDJPY) is up +0.23 (+0.23%). The dollar index on Tuesday fell to a 2-week low and closed lower. Bearish factors included (1) strength in the yen as USD/JPY fell to a 2-1/2 week low after the BOJ refrained from additional stimulus measures following their 2-day policy meeting, and (2) reduced European sovereign debt concerns that boosted EUR/USD after ECB data showed that ECB lending to Portuguese banks in March fell for a sixth month to 45.05 billion euros, the least amount Portuguese lenders have borrowed from the ECB since July 2011. Closes: Dollar index -0.480 (-0.60%), EUR/USD +0.00555 (+0.40%), USD/JPY -1.284 (+1.25%).
May WTI crude oil (CLK14 +0.16%) this morning is down -3 cents (-0.03%) and May gasoline (RBK14 +0.30%) is up +0.0069 (+0.23%). May crude and gasoline prices on Tuesday rallied to 1-month highs and closed sharply higher. Bullish factors included (1) the slide in the dollar index to a 2-week low, (2) expectations that Wednesday’s EIA data will show crude supplies at Cushing, OK, delivery point for WTI futures, fell for a tenth straight week, and (3) strength in gasoline on expectations for Wednesday’s weekly EIA gasoline inventories to decline -940,000 bbl, the seventh consecutive decline. Closes: CLK4 +2.12 (+2.11%). RBK4 +0.0565 (+1.93%).
GLOBAL EVENT CALENDAR04/09/2014
US0700 ETWeekly MBA mortgage applications, previous -1.2% with purchase sub-index +0.9% and refi sub-index -2.9%.
1000 ETFeb wholesale inventories expected +0.5% m/m, Jan +0.6% m/m. Feb wholesale trade sales expected +1.0% m/m, Jan -1.9% m/m.
1030 ETEIA Weekly Petroleum Status Report.
1200 ETApr WASDE crop production report.
1300 ETTreasury auctions $21 billion 10-year T-notes.
1400 ETMinutes of the Mar 18-19 FOMC meeting.
1530 ETChicago Fed President Charles Evans and Fed Governor Daniel Tarullo speak at a conference in Washington D.C. titled Stabilizing Financial Systems for Growth and Full Employment.
GER0200 ETGerman Feb trade balance expected +17.5 billion euros, Jan +15.0 billion euros. Feb exports expected -0.5% m/m, Jan +2.2% m/m. Feb imports expected +0.1% m/m, Jan +4.1% m/m.
UK1901 ETUK Mar RICS house price balance expected 43%, Feb 45%.
JPN1950 ETJapan Feb machine orders expected -2.6% m/m and +17.5% y/y, Jan+13.4% m/m and +23.6% y/y.
CHIn/aChina Mar trade balance expected +$1.80 billion, Feb -$22.99 billion. Mar exports expected +4.8% y/y, Feb 18.1% y/y. Mar imports expected +3.9% y/y, Feb +10.1% y/y.
U.S. STOCK CALENDAR04/09/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Constellation Brands IncSTZ US4/9/2014Q4 2014 Earnings ReleaseQ4 20140.761
MSC Industrial Direct Co IncMSM US4/9/2014Q2 2014 Earnings ReleaseQ2 20140.846
MSC Industrial Direct Co IncMSM US4/9/2014Q2 2014 Earnings CallQ2 2014
Tech Data CorpTECD US4/9/2014Q4 2014 Earnings CallQ4 2014
Valley National BancorpVLY US4/9/2014Annual General MeetingY 2014
Bed Bath & Beyond IncBBBY US4/9/2014Q4 2014 Earnings ReleaseQ4 20141.601
Lennar CorpLEN US4/9/2014Annual General Meeting
Progressive Corp/ThePGR US4/9/2014Q1 2014 Earnings ReleaseQ1 20140.385
Progressive Corp/ThePGR US4/9/2014March 2014 Sales and Revenue Release2014
Questar CorpSTR US4/9/2014Roadshow - Day 2Y 2014
Schlumberger LtdSLB US4/9/2014Annual General Meeting
IHS IncIHS US4/9/2014Annual General Meeting
Avago Technologies LtdAVGO US4/9/2014Annual General Meeting