Tuesday, May 24, 2016

UGI Corp - Chart of the Day

UGI Corp (UGI) is the Barchart Chart of the Day.  The utility distribution company has a Trend Spotter buy signal, a Weighted Alpha of 24.80+, gained 17.34% in the last year and paid a 2.14% dividend.

The Chart of the Day belongs to UGI Corp (UGI).  I found the utility distribution stock by using Barchart to sort today's All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% or more.  Then I always use the Flipchart feature to review he charts for consistency.  Since the Trend spotter signaled a buy on 5/9 the stock gained 4.94%.

UGI Corporation is a holding company that operates propane distribution, gas and electric utility, energy marketing and related businesses through subsidiaries. Our majority-owned subsidiary, AmeriGas Partners, L.P., a Delaware limited partnership, conducts one of the nation's largest retail propane distribution businesses through its subsidiary AmeriGas Propane, L.P.


The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 8.63% in the last month
  • Relative Strength Index 68.21%
  • Technical support level at 42.19
  • Recently traded at 43.31 with a 50 day moving average of 40.73
Fundamental factors:
  • Market Cap $7.45 billion
  • P/E 22.19
  • Dividend yield 2.14%
  • Revenue expected to be down 4.70% this year but grow again by 2.80% next year
  • Earnings estimated to increase 1.00% this year, an additional 14.30% next year and compound at an annual rate of 8.00% for the next 5 years
  • Wall Street analysts issued 1 strong buy and 4 hold recommendations on the stock


Monday, May 23, 2016

Markel Corp. - Chart of the Day

Markel Corp. (MKL) is the Barchart Chart of the Day.  the &C insurance company has a Trend Spotter buy signal, a Weighted Alpha of 27.50+ and gained 26.54% in the last year.


The Chart of the Day belongs to Markel Corp. (MKL).  I found the P&C insurance stock by using Barchart to sort today's All Time High list first for the most frequent new highs in the last month then again for the technical buy signal of 80% or more.  Since the Trend Spotter signaled a buy on 5/3 the stock gained 6.25%.

Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets.




The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 8.45% in the last month
  • Relative Strength index 69.30%
  • Technical support level at 969.35
  • Recently traded at 976.44 with a 50 day moving average of 913.15
Fundamental factors:
  • Market Cap $13.64 billion
  • P/E 24.63
  • Revenue expected to grow 3.10% this year and another 26.54% next year
  • Earnings estimated to decrease 11.10% this year and an additional 9.10% next year but compound annually at an annual rate of 11.00% for the next 5 years
  • Wall Streets analysts issued 1 strong buy and 3 hold recommendations on the stock

Friday, May 20, 2016

MMA Capital Management - Chart of the Day

MMA Capital Management (MMAC) is the Barchart Chart of the Day.  The Real Estate management company has a Trend Spotter buy signal, a Weighted Alpha of 57.40+ and gained 58.57% in the last year.

The Chart of the Day belongs to MMA Capital Management (MMAC).  I found the Real Estate management stock by using Barchart to sort the All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 3/16 the stock gained 12.43%.

MMA Capital Management, LLC is a real estate asset management company. It invests in and manages debt and equity investments collateralized primarily by multifamily housing. The Company focuses on three types of real estate investment: owning and managing tax-exempt bonds; owning direct investments in real estate that include multifamily housing, undeveloped land and other development opportunities; and managing tax credit equity funds for third party investors. MMA Capital Management, LLC, formerly known as Municipal Mortgage & Equity, LLC, is headquartered in Baltimore, 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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 5.49% in the last month
  • Relative Strength Index 71.46%
  • Technical support level at 16.76
  • Recently traded at 17.01 with a 50 day moving average of 15.97
Fundamental factors:
  • Market Cap $109.03 million
  • At the present time no Wall Street analysts are following the stock
  • The individual investors posting on Motley Fool voted 44 to 13 that the stock would beat the market

Thursday, May 19, 2016

Insperity - Chart of the Day

Insperity (NSP) is the Barchart Chart of the Day.  The personnel staffing company has a Trend spotter buy signal, a Weighted Alpha of 52.70+ and gained 33.06% in the last year.

The Chart of the Day belongs to Insperity (NSP).  I found the personnel staffing stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signal of 80% or better, Next I use the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 2/16 the stock gained 47.15%.

Insperity, Inc., formerly known as Administaff, Inc., is engaged in providing an array of human resources and business solutions. Services offered by the Company includes Workforce Optimization in the marketplace, MidMarket Solutions, Performance Management, Expense Management, Time and Attendance, Organizational Planning, Employment Screening, Recruiting Services, Retirement Services, Business Insurance and Technology Services. Insperity, Inc. is headquartered in Kingwood, Texas


The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 34.92% in the last month
  • Relative Strength Index 82.53%
  • Technical support level at 65.26
  • Recently traded at 70.59 with  a 50 day moving average of 55.51
Fundamental factors:
  • Market Cap $1.51 billion
  • P/E 25.75
  • Dividend yield 1.32%
  • Revenue expected to grow 15.00% this year and another 11.50% next year
  • Earnings estimated to increase 60.70% this year , an additional 17.90% next year and continue to compound at an annual rate of 34.05% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 1 buy and 3 hold recommendations on this stock.
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

Wednesday, May 18, 2016

Alleghany - Chart of the Day

Alleghany (Y) is the Barchart Chart of the Day  The P&C insurer has a Trend spotter buy signal, a Weighted Alpha of 11.10+ and gained 8.48% in the last year.


The Chart of the Day is Alleghany (Y).  I found the P&C insurance stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month then again for technical buy signals of 80% or more.  I use the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 3/1 the stock gained 9.28%.

Alleghany is engaged, through its subsidiaries Chicago Title and Trust Company (``CT&T``), Chicago Title Insurance Company (``CTI``), Security Union Title Insurance Company (``Security Union``) and Ticor Title Insurance Company (``Ticor Title``) and their subsidiaries, in the sale and underwriting of title insurance and in other real estate-related services businesses, and through CT&T's subsidiary, Alleghany Asset Management, Inc. (``Alleghany Asset Management``) and its subsidiaries, in certain other financial services businesses.


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:

  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 3.87% in the last month
  • Relative Strength Index 63.67%
  • Technical support level at 517.51
  • Recently traded at 525.31 with a 50 day moving average of 504.72
Fundamental factors:
  • Market Cap $8.12 billion
  • P/E 16.02
  • Revenue expected to grow 9% next year
  • Earnings estimated to decrease 4.70% this year and another 5.40% next year but compound annually at a rate of 8.50% for the next 5 years
  • Wall Street analysts issued 1 strong buy and 2 hold recommendations on the stock

CCO, NYMT, TOW,FRPT AND MTW - BUY SIGNALS

Today I added 5 stocks to the Barchart Van Meerten Speculative portfolio for positive price momentum.  The stock added were:

Clear Channel Outdoors (CCO), New York Mortgage (NYMT), Two Harbors Investments (TWO), Freshpet (FRPT) and Manitowoc (MTW).

Clear Channel Outdoors (CCO)


Barchart technical indicators:
  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 37.61% in the last month
  • Relative Strength Index 70.51%
  • Technical support level at 5.83
  • Recently traded at 6.11 with a 50 day moving average of 4.86


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy  signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 14.87% in the last month
  • Relative Strength Index 71.42%
  • Technical support level at 5.51
  • Recently traded at 5.64 with a 50 day moving average of 4.96


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 9.61% in the last month
  • Relative Strength Index 71.15%
  • Technical support level at 8.31
  • Recently trade at 8.44 with a 50 day moving average of 7.92
Freshpet (FRPT)


Barchart technical indicators:
  • 72% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 20.22% in the last month
  • Relative Strength Index 60.31%
  • Technical support level at 8.47
  • Recently traded at 8.86 with a 50 day moving average of 7.76
Manitowoc (MTW)


Barchart technical indicators:
  • 72% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 22.34% in the last month
  • Relative Strength Index 65.39%
  • Technical support level at 5.70
  • Recently traded at 5.86 with a 50 day moving average of 4.95












York Water - Sell Signals

This morning I deleted York Water (YORW) from the Barchart Van Meerten New High Portfolio for negative price momentum.


Barchart technical indicators:
  • 72% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 19.61% off its recent high
  • Recently traded at 2685 with a 50 day moving average of 29.97


MORNING CALL 5/18

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM16 +0.06%) are down -0.10% and European stocks are down -0.16% ahead of the minutes of the Apr 26-27 FOMC meeting. The minutes take on extra importance after stocks fell yesterday on hawkish Fed commentary. Atlanta Fed President Lockhart said that "currently my assumption is two, possibly three" Fed rate hikes this year and San Francisco Fed President Williams said that "gradual means two to three rate increases this year." Another negative for equities is weakness in mining stocks as the price of copper (HGN16 -1.34%) falls -1.60% to a 3-month low. On the positive side, Lowe's is up 3% in pre-market trading after it reported stronger-than-expected Q1 EPS and Tesla is up 3% after Goldman Sachs raised its recommendation on the stock to a 'Buy.' Asian stocks settled mostly lower: Japan -0.05%, Hong Kong -1.45%, China -1.27%, Taiwan +0.24%, Australia -0.74%, Singapore -0.14%, South Korea -0.50%, India -0.27%. Asian stocks retreated as better-than-expected economic data on China Apr new home prices and Japan Q1 GDP reduces the need for additional central bank stimulus measures.
The dollar index (DXY00 +0.19%) is up +0.20% at a 3-week high. EUR/USD (^EURUSD) is down -0.34% at a 3-week low. USD/JPY (^USDJPY) is up +0.24%.
Jun T-note prices (ZNM16 -0.16%) are down -6.5 ticks at a 2-week low.
China Apr new home prices rose in 65 cities out of 70 tracked by the government, up from 62 in Mar and the most in 2-1/3 years.
ECB Governing Council member Vasiliauskas said he doesn't expect any "big changes" to ECB staff economic projections in June and said there is "no need" to discuss QE expansion for now.
Japan Q1 GDP grew +1.7% (q/q annualized), much stronger than expectations of +0.3% (q/q annualized). The Q1 GDP deflator rose +0.9% y/y, weaker than expectations of +1.0% y/y and the slowest pace of increase in 2 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +0.4% with purchase sub-index +0.4% and refi sub-index +0.5%), (2) minutes of the Apr 26-27 FOMC meeting, and (3) EIA Weekly Petroleum Status Report.
There are 9 of the S&P 500 companies that report earnings today: Target (consensus $1.19), Hormel Foods (0.39), Analog Devices (0.63), L Brands (0.55), Cisco Systems (0.55), Urban Outfitters (0.25), salesforce.com (0.23), Lowes (0.85), Staples (0.16).
U.S. IPO's scheduled to price today: Merus BV (MRUS).
Equity conferences today: Electrical Products Group Investor Conference on Mon-Wed, Goldman Sachs Basic Materials Conference on Tue-Wed, Barclays Americas Select Franchise Conference on Tue-Wed, CBI's Life Sciences IT Governance and Cybersecurity Summit on Tue-Wed, Barclays Insurance Forum on Wed, MoffettNathanson Media and Communications Conference on Wed, BMO Capital Markets Farm to Market Conference on Wed-Thu, Citi Car of the Future Symposium on Thu, ITG Global Industrials Conference on Thu, Needham Emerging Technology Conference Thu, Business Analytics Innovation Summit on Thu-Fri, Medical Affairs Summit on Fri.

OVERNIGHT U.S. STOCK MOVERS
Scripps Networks Interactive (SNI +0.36%) was downgraded to 'Sell' from 'Neutral' at Citigroup with a price target of $62.
Lowe's (LOW -1.21%) rose 3% in pre-market trading after it reported Q1 adjusted EPS of 87 cents, higher than consensus of 85 cents.
Tesla (TSLA -1.74%) gained 3% in pre-market trading after it was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Host Hotels & Resorts (HST -0.90%) was upgraded to 'Market Perform' from 'Underperform' at Raymond James.
The Children's Place (PLCE +4.13%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs with a price target of $74.
Brocade Communications Systems (BRCD +0.25%) was rated a new 'Buy' at Bank of America Merrill Lynch with a price target of $10.
Valeant Pharmaceuticals (VRX +7.50%) said it is exploring the sale of some of its cosmetic and pharmaceutical assets to reduce some of its debt.
Acxion (ACXM -1.93%) dropped over 6% in after-hours trading after it lowered guidance on fiscal 2017 adjusted EPS to 55 cents to slightly higher, below consensus of 65 cents.
Dynagas LNG Partners (DLNG +0.38%) reported Q1 adjusted EPS/unit 48 cents, higher than consensus of 45 cents.
Allegheny Technologies (ATI unch) fell over 1% in after-hours trading after it announced plans for a convertible offering of senior notes.
Vipshop Holdings Ltd. (VIPS -1.05%) slumped nearly 10% in after-hours trading after it said its sees Q2 revenue of 12.3 billion yuan-12.8 billion yuan, below consensus of 12.81 billion yuan.
Andersons Inc. (ANDE -2.22%) surged nearly 20% in after-hours trading after HC2 Holdings offered to acquire the company for $37 a share, well above Tuesday's closing price of $25.94.
MARKET COMMENTS
June E-mini S&Ps (ESM16 +0.06%) this morning are down -2.00 points (-0.10%). Tuesday's closes: S&P 500 -0.94%, Dow Jones -1.02%, Nasdaq-1.32%. The S&P 500 on Tuesday closed lower on concern that the Fed may raise interest rates sooner rather than later after U.S. Apr CPI rose +0.4% m/m (stronger than expectations of +0.3% m/m and the largest increase in 3 years) and the hawkish comment from San Francisco Fed President Williams that it "makes sense" for 2-3 Fed rate hikes this year. Stocks were supported by optimism about the economy after the +0.7% increase in U.S. Apr industrial production (stronger than expectations of +0.3% and the biggest gain in 17 months) and the +6.6% rise in Apr housing starts to 1.172 million (stronger than expectations of +3.3% to 1.125 million).
June 10-year T-note prices (ZNM16 -0.16%) this morning are down -6.5 ticks at a 2-week low. Tuesday's closes: TYM6 -14.50, FVM6 -8.75. Jun T-notes on Tuesday posted a 1-1/2 week low and closed lower on the stronger-than-expected Apr housing starts, Apr CPI, and Apr industrial production reports. There were also increased inflation expectations after the 10-year T-note breakeven rate rose to a 2-week high. T-notes received underlying support from safe-haven demand as equities sold off.
The dollar index (DXY00 +0.19%) this morning is up +0.284 (+0.30%) at a 3-week high. EUR/USD (^EURUSD) is down -00038 (-0.34%) at a 3-week low. USD/JPY (^USDJPY) is up +0.26 (+0.24%). Tuesday's closes: Dollar Index -0.024 (-0.03%), EUR/USD -0.0008 (-0.07%), USD/JPY +0.11 (+0.10%). The dollar index on Tuesday closed lower on strength in the currencies of the crude-producing countries of Russia and Canada after the price of crude oil rose to a 7-month high. The dollar failed to receive much of a boost from the sharp increase in expectations for a Fed rate hike this year after the strong U.S. economic reports and the hawkish comments by two Fed officials.
June WTI crude oil (CLM16 +0.06%) this morning is up +16 cents (+0.33%). June gasoline (RBM16 -0.04%) is up +0.0003 (+0.02%). Tuesday's closes: CLM6 +0.59 (+1.24%), RBM6 +0.0278 (+1.73%). Jun crude oil and gasoline on Tuesday closed higher with Jun crude at a 7-month high. Crude oil prices were boosted by a weaker dollar and by expectations that Wednesday's weekly EIA data will show that U.S. crude inventories fell -3.5 million bbl and gasoline supplies declined by -1.25 million bbl.
GLOBAL EVENT CALENDAR05/18/2016
US0700 ETWeekly MBA mortgage applications, previous +0.4% with purchase sub-index +0.4% and refi sub-index +0.5%.
1030 ETEIA Weekly Petroleum Status Report.
1400 ETMinutes of the Apr 26-27 FOMC meeting.
UK0430 ETUK Apr jobless claims change expected +5,000, Mar +6,700. Apr claimant count rate expected unch at 2.1%.
0430 ETUK Mar avg weekly earnings expected +1.7% 3-mo avg y/y, Feb +1.8% 3-mo avg y/y. Mar avg weekly earnings ex-bonus expected +2.3% 3-mo avg y/y, Feb +2.2% 3-mo avg y/y.
0430 ETUK Mar ILO unemployment rate expected unch at 5.1% 3-months through Mar, previous 5.1% 3-months through Feb.
EUR0500 ETRevised Eurozone Apr CPI, preliminary unch y/y. Revised Apr core CPI, preliminary +0.7% y/y.
JPN1950 ETJapan Q1 housing loans, Q4 +2.2% y/y.
1950 ETJapan Mar machine orders expected -2.0% m/m and +0.8% y/y, Feb -9.2% m/m and -0.7% y/y.
U.S. STOCK CALENDAR05/18/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Target CorpTGT USBef-mktQ1 2017 Earnings ReleaseQ1 20171.192
Hormel Foods CorpHRL USBef-mktQ2 2016 Earnings ReleaseQ2 20160.388
Progressive Corp/ThePGR USBef-mktApril 2016 Sales and Revenue Release2016
Hormel Foods CorpHRL US8:00Q2 2016 Earnings CallQ2 2016
Northrop Grumman CorpNOC US8:00Annual General MeetingY 2016
Staples IncSPLS US8:00Q1 2017 Earnings CallQ1 2017
DaVita HealthCare Partners IncDVA US8:30Capital Markets DayY 2016
Lowe's Cos IncLOW US9:00Q1 2017 Earnings CallQ1 2017
Thermo Fisher Scientific IncTMO US9:00Analyst MeetingY 2016
State Street CorpSTT US9:00Annual General MeetingY 2016
Analog Devices IncADI US10:00Q2 2016 Earnings ReleaseQ2 20160.634
Analog Devices IncADI US10:00Q2 2016 Earnings CallQ2 2016
Fiserv IncFISV US10:00Annual General MeetingY 2016
Target CorpTGT US10:30Q1 2017 Earnings CallQ1 2017
CenturyLink IncCTL US11:00Annual General Meeting
Southwest Airlines CoLUV US11:00Annual General MeetingY 2016
PayPal Holdings IncPYPL US11:30Analyst and Investor DayY 2016
Halliburton CoHAL US12:00Annual General MeetingY 2016
Xcel Energy IncXEL US12:00Annual General MeetingY 2016
Thermo Fisher Scientific IncTMO US13:00Annual General Meeting
Cisco Systems IncCSCO US16:30Q3 2016 Earnings CallQ3 2016
CME Group Inc/ILCME US16:30Annual General MeetingY 2016
Urban Outfitters IncURBN US17:00Q1 2017 Earnings CallQ1 2017
salesforce.com IncCRM US17:00Q1 2017 Earnings CallQ1 2017
L Brands IncLB USAft-mktQ1 2017 Earnings ReleaseQ1 20170.553
Cisco Systems IncCSCO USAft-mktQ3 2016 Earnings ReleaseQ3 20160.552
Urban Outfitters IncURBN USAft-mktQ1 2017 Earnings ReleaseQ1 20170.248
salesforce.com IncCRM USAft-mktQ1 2017 Earnings ReleaseQ1 20170.233
Johnson & JohnsonJNJ USInvestor Day
Lowe's Cos IncLOW USQ1 2017 Earnings ReleaseQ1 20170.849
Pinnacle West Capital CorpPNW USAnnual General Meeting
Universal Health Services IncUHS USAnnual General Meeting
Foot Locker IncFL USAnnual General Meeting
Range Resources CorpRRC USAnnual General Meeting
Ross Stores IncROST USAnnual General Meeting
Staples IncSPLS USQ1 2017 Earnings ReleaseQ1 20170.163
Hartford Financial Services Group Inc/TheHIG USAnnual General Meeting
National Oilwell Varco IncNOV USAnnual General Meeting
Quest Diagnostics IncDGX USAnnual General Meeting
NVIDIA CorpNVDA USAnnual General Meeting
Advance Auto Parts IncAAP USAnnual General Meeting
Illumina IncILMN USAnnual General Meeting
Mondelez International IncMDLZ USAnnual General Meeting
First Solar IncFSLR USAnnual General Meeting
Verisk Analytics IncVRSK USAnnual General Meeting

Tuesday, May 17, 2016

Fresh Del Monte Produce - Chart of the Day

Fresh Del Monte Produce (FDP) is the Barchart Chart of the Day. The agricultural operations company has a Trend Spotter buy signal, a Weighted Alpha of 41.10+ and gained 33.03% in the last year.

The Chart of the Day belongs to Fresh Del Monte Produce (FDP).  I found the agricultural operations stock by using Barchart to sort today's All Time High list first for the highest frequency of new highs in the last month, then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 3/1 the stock gained 23.84%.

Fresh Del Monte Produce Inc. is a world leader in the production, distribution and marketing of fresh produce. The products are marketed throughout the world under the DEL MONTE brand name and is a widely recognized symbol of product quality and reliability. The major products are bananas, pineapples, deciduous fruit and melons. The deciduous fruit the company sells includes primarily grapes, plums, nectarines, peaches, apricots, cherries, apples, pears and citrus.



The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 20.49% in the last month
  • Relative Strength Index 83.07%
  • Technical support level at  50.22
  • Recently traded at 50.86 with a 50 day moving average of 43.86
Fundamental factors:
  • Market Cap $2.60 billion
  • P/E 15.77
  • Dividend yield .99%
  • Revenue expected to grow 1.80% this year and another 2.60% next year
  • Earnings estimated to increase 49.60% this year, decrease 11.60% next year but compound at an annual rate f 7.00% for the next 5 years
  • Wall Street analysts issued 2 buy recommendations on the stock

MORNING CALL 5/17

MORNING CALL

OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM16 -0.10%) are little changed, down -0.05% and European stocks are up +0.12% as the price of crude oil rose to a 7-month high. Crude oil retreated from that high and is now unchanged in early trade, which pulled stocks back from their best levels. Home Depot rose over 1% in pre-market trading and gave recently battered retail stocks a lift after it raised guidance on its full-year EPS this year to $6.27, higher than expectations of $6.22. European stocks also received a boost from a rally in telecommunication stocks, led by a 2.4% gain in Vodafone Group Plc, after the company reported Q1 adjusted service revenue rose +1.8%, better than consensus of +1.5%. Asian stocks settled mostly higher: Japan +1.13%, Hong Kong +1.18%, China -0.25%, Taiwan +0.90%, Australia +0.69%, Singapore +1.65%, South Korea +0.09%, India +0.47%.
The dollar index (DXY00 unch) is down -0.02%. EUR/USD (^EURUSD) is down -0.04%. USD/JPY (^USDJPY) is up +0.47% at a 2-week high.
Jun T-note prices (ZNM16 -0.05%) are down -1.5 ticks.
In its monthly report published today, the Bundesbank said "growth in the German economy will probably lose momentum in the spring," even as the "solid underlying economic trend" is likely to stay intact.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Key U.S. reports today include: (1) Apr housing starts (expected +3.3% to 1.125 million, Mar -8.8% at 1.089 million), (2) Apr CPI (expected +0.3% m/m and +1.1% y/y, Mar +0.1% m/m and +0.9% y/y; Apr core CPI expected +0.2% m/m and +2.1% y/y, Mar +0.1% m/m and +2.2% y/y), (3) Apr industrial production (expected +0.3%, Mar -0.6%), and (4) San Francisco Fed President John Williams (non-voter) and Atlanta Fed President Dennis Lockhart (non-voter) interview on the U.S. economic outlook.
There are 2 of the Russell 1000 companies that report earnings today: Home Depot (consensus $1.35), TJX (0.71).
U.S. IPO's scheduled to price today: PhaseRX (PZRX)
Equity conferences today: Electrical Products Group Investor Conference on Mon-Wed, Bank of America Merrill Lynch Transportation Conference on Tue, Goldman Sachs Basic Materials Conference on Tue-Wed, Barclays Americas Select Franchise Conference on Tue-Wed, CBI's Life Sciences IT Governance and Cybersecurity Summit on Tue-Wed, Barclays Insurance Forum on Wed, MoffettNathanson Media and Communications Conference on Wed, BMO Capital Markets Farm to Market Conference on Wed-Thu, Citi Car of the Future Symposium on Thu, ITG Global Industrials Conference on Thu, Needham Emerging Technology Conference Thu, Business Analytics Innovation Summit on Thu-Fri, Medical Affairs Summit on Fri.

OVERNIGHT U.S. STOCK MOVERS
Hartford Financial Services Group (HIG -0.32%) was downgraded to 'Market Perform' from 'Outperform' at Wells Fargo Securities.
Home Depot (HD +1.66%) climbed over 1% in pre-market trading after it reported Q1 EPS of $1.44, higher than consensu sof $1.35, and then raised guidance on full-year EPS to $6.27 from a previous view of $6.12-$6.18.
Freeport-McMoRan (FCX +6.05%) is up over 3% in pre-market trading after Jeffries Group upgraded toe stock to 'Buy' from 'Hold.'
Bob Evans Farms (BOBE +0.43%) was rated a new 'Buy' at Maxim Group with a 12-month price target of $59.
Agilent Technologies (A +0.75%) climbed nearly 4% in after-hours trading after it raised guidance on fiscal 2016 adjusted EPS to $1.88-$1.92 from a March 7 estimate of $1.81-$1.87, above consensus of $1.86.
Office Depot (ODP -5.16%) gained over 2% in after-hours trading after the company hired Bain for a strategic review of its business.
Relypsa (RLYP +4.07%) dropped over 7% in after-hours trading after it reported no increase in April in the weekly average of new patients who began taking Veltassa with a free starter supply.
Amplify Snack Brands (BETR +0.39%) slid over 4% in after-hours trading after it started a 10-million share secondary offering of common stock.
Community Health Systems (CYH +2.00%) climbed nearly 4% in after-hours trading after Greenlight Capital Holdings reported a new stake in the company in Q1.
Akorn (AKRX +4.94%) rose over 1% in after-hours trading after it reported Q1 revenue of $268.3 million, better than consensus of $267.1 million.
Meritage Homes (MTH +0.77%) gained over 2% in after-hours trading after it said it sees Q2 EPS of 78 cents-85 cents, higher than consensus of 78 cents.
Globalstar (GSAT +12.24%) rose over 5% in after-hours trading after Greenlight Capital Holdings reported a new stake in the company in Q1.
Aegerion Pharmaceuticals (AEGR +33.53%) dropped over 13% in after-hours trading after it lowered guidance on full-year sales to $130 million-$150 million from a prior view of $160 million-$190 million, below consensus of $174.8 million.
MARKET COMMENTS
June E-mini S&Ps (ESM16 -0.10%) this morning are down -1.00 point (-0.05%). Monday's closes: S&P 500 +0.98%, Dow Jones +1.00%, Nasdaq +1.25%. The S&P 500 on Monday closed higher on strength in energy producer stocks after crude oil climbed to a 6-1/2 month high and on a rally in drug stocks on increased M&A activity after Pfizer agreed to buy Amacor Pharmaceuticals for $5.2 billion. Stocks were undercut by the -18.58 point plunge in the U.S. May Empire manufacturing index to -9.02, weaker than expectations of -3.56 to 6.50.
June 10-year T-note prices (ZNM16 -0.05%) this morning are down -1.5 ticks. Monday's closes: TYM6 -14.50, FVM6 -8.75. Jun T-notes on Monday closed lower on reduced safe-haven demand with the rally in stocks and on increased inflation expectations after crude oil rallied to a 6-1/2 month high.
The dollar index (DXY00 unch) this morning is down -0.023 (-0.02%). EUR/USD (^EURUSD) is down -0.0004 (-0.04%). USD/JPY (^USDJPY) is up +0.51 (+0.47%) at a 2-week high. Monday's closes: Dollar Index -0.036 (-0.04%), EUR/USD +0.0012 (+0.11%), USD/JPY +0.40 (+0.37%). The dollar index on Monday closed lower on strength in the currencies of the crude-producing countries of Russia and Canada after the price of crude soared to a 6-1/2 month high and on the weaker-than-expected May Empire manufacturing index and May HAHB housing market index.
June WTI crude oil (CLM16 unch) this morning is unchanged. June gasoline (RBM16 -0.26%) is down -0.0044 (-0.27%). Monday's closes: CLM6 +1.51 (+3.27%), RBM6 +0.0181 (+1.14%). Jun crude and gasoline on Monday closed higher with Jun crude at a 6-1/2 month high and Jun gasoline at an 8-1/2 month high. Crude oil prices were boosted by a weaker dollar, Chinese demand with the +2.4% y/y rise in China Apr crude processing to a record 10.93 million bpd, and stronger U.S. refinery demand for gasoline after the crack spread climbed to a 1-1/2 week high.
GLOBAL EVENT CALENDAR05/17/2016
US0830 ETApr housing starts expected +3.3% to 1.125 million, Mar -8.8% at 1.089 million. Apr building permits expected +5.5% to 1.135 million, Mar -8.6% to 1.076 million.
0830 ETApr CPI expected +0.3% m/m and +1.1% y/y, Mar +0.1% m/m and +0.9% y/y. Apr CPI ex food & energy expected +0.2% m/m and +2.1% y/y, Mar +0.1% m/m and +2.2% y/y.
0915 ETApr industrial production expected +0.3%, Mar -0.6%. Apr manufacturing production, Mar -0.3%. Apr capacity utilization expected +0.2 to 75.0%, Mar -0.5 to 74.8%.
1200 ETSan Francisco Fed President John Williams (non-voter) and Atlanta Fed President Dennis Lockhart (non-voter) interview on the U.S. economic outlook.
JPN0030 ETRevised Japan Mar industrial production, preliminary +3.6% m/m and +0.1% y/y.
0030 ETJapan Mar capacity utilization, Feb -5.4% m/m.
1950 ETJapan Q1 GDP expected +0.3% q/q annualized, Q4 -1.1% q/q annualized. Q1 GDP deflator expected +1.0% y/y, Q4 +1.5% y/y.
1950 ETJapan Q1 private consumption expected +0.2% q/q, Q4 -0.9% q/q. Q1 business spending expected -0.8% q/q, Q4 +1.5% q/q.
UK0430 ETUK Apr CPI expected +0.3% m/m and +0.5% y/y, Mar +0.4% m/m and +0.5% y/y. Apr core CPI expected +1.4% y/y, Mar +1.5% y/y.
0430 ETUK Apr RPI expected +0.3% m/m and +1.5% y/y, Mar +0.4% m/m and +1.6% y/y. Apr RPI ex mortgage interest payments expected +1.6% y/y, Mar +1.6% y/y.
0430 ETUK Apr PPI input prices expected +1.1% m/m and -6.7% y/y, Mar +2.0% m/m and -6.5% y/y.
0430 ETUK Apr PPI output prices expected +0.2% m/m and -0.8% y/y, Mar +0.3% m/m and -0.9% y/y. Apr PPI output core expected +0.1% m/m and +0.3% y/y, Mar +0.1% m/m and +0.2% y/y.
0430 ETUK Mar ONS house price, Feb +7.6% y/y.
CHI2130 ETChina Apr property prices.
U.S. STOCK CALENDAR05/17/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Home Depot Inc/TheHD USBef-mktQ1 2017 Earnings ReleaseQ1 20171.352
Home Depot Inc/TheHD US9:00Q1 2017 Earnings CallQ1 2017
TJX Cos Inc/TheTJX US9:30Q1 2017 Earnings ReleaseQ1 20170.708
Principal Financial Group IncPFG US10:00Annual General MeetingY 2016
Boston Properties IncBXP US10:00Annual General Meeting
JPMorgan Chase & CoJPM US11:00Annual General MeetingY 2016
TJX Cos Inc/TheTJX US11:00Q1 2017 Earnings CallQ1 2017
Electronic Arts IncEA US11:00Investor DayY 2016
Southwestern Energy CoSWN US12:00Annual General Meeting
Amazon.com IncAMZN US12:00Annual General MeetingY 2016
Juniper Networks IncJNPR US12:00Investor DayY 2016
Gap Inc/TheGPS US13:00Annual General MeetingY 2016
Morgan StanleyMS US14:00Annual General Meeting
Essex Property Trust IncESS US16:00Annual General MeetingY 2016
Charles Schwab Corp/TheSCHW US17:00Annual General Meeting
Time Warner Cable IncTWC USAft-mktDigital Realty Trust Replaces Time Warner Cable in S&P 500
Equifax IncEFX USInvestor Meeting - LondonY 2016
Leggett & Platt IncLEG USAnnual General Meeting
General Growth Properties IncGGP USAnnual General MeetingY 2016
Newfield Exploration CoNFX USAnnual General Meeting
Realty Income CorpO USAnnual General Meeting
Diamond Offshore Drilling IncDO USAnnual General Meeting
FirstEnergy CorpFE USAnnual General MeetingY 2016