Tuesday, October 21, 2014

Agios Pharmaceuticals - Barchart's Chart of the Day

Agios Pharmceuticals (AGIO) is the Barchart Chart of the Day.  The pharmaceutical stock has a Trend Spotter buy signal, a Weighted Alpha of 121.70+ and gained 149.69% in the last year.

The Chart of the Day belongs to Agios Pharmaceuticals (AGIO), I found the stock by sorting the All Tine High list for the best technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/18 the stock gained 70.27%.

Agios Pharmaceuticals, Inc. is a biopharmaceutical company. It discovers and develops therapeutics in the field of cancer metabolism and inborn errors of metabolism. The Company's products include AG-221, AG-120, enzyme glutaminase and AG-348.


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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving avergaes
  • 8 new highs and up 47.03% in the last month
  • Relative Strength Index 73.88%
  • Barchart computes a technical support level at 62.14
  • Recently traded at 72.61 with a 50 day moving average of 51.78
Fundamental factors:
  • Market Cap $2.47 billion
  • Revenue expected to grow 4250% this year and another 107.00% next year
  • Earnings are estimated to increase 31.40% this year and an additional 22.70% next year
  • Wall Street analysts issued 2 strong buy and 3 buy recommendations n the stock
Watch the 50 and 100 day moving averages for your signals of weakness and exit points.

Universal Security Instruments - Buy Signals

Today I added Universal Security Instruments (UUU) to the Barchart Van Meerten Speculative portfolio for positive price momentum:


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 45.72% in the last month
  • Relative Strength Index 90.28%
  • Barchart computes a technical support level at 5.43
  • Recently traded at 5.96 with a 50 day moving average of 4.41


American Realty Capital Healthcare -- Buy Signals

Today I added American Realty Capital Healthcare (HCT) to the Barchart Van Meerten New High portfolio for positive price momentum:


Barchart technical indicators:
  • 48% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 7.29% in the last month
  • Relative Strength Index 74.31
  • Barchart computes a technical support level at 10.95
  • Recently traded at 11.17 with a 50 day moving average of 10.76


SBUX, XOM,PG May be Turning the Corner

I like to see what the technical indicators say each day on some of the most popular stocks and post those results on my Stock Picks Blog.  Today Starbucks (SBUX), Exxon Mobil (XOM) and Proctor & Gamble (PG) all still have Trend Spotter sell signals but those signals are beginning to weaken and just may turn to corner soon:

Starbucks (SBUX)


Barchart technical indicators:
  • 32% technical sell signals
  • Trend Spotter sell signal but weakening
  • Above its 20 day moving average but still below its 50 and 100 day moving averages
  • 9.88% below its recent high
  • Relative Strength Index 50.04%
  • Barchart computes a technical support level at 72.28
  • Recently traded at 74.31 which is below its 50 day moving average of 75.83


Barchart technical indicators:
  • 48% technical sell signals
  • Trend Spotter sell signal but weakening
  • Below its 20, 50 and 100 day moving averages
  • 11.58% off its recent high
  • Relative Strength Index 45.61%
  • Barchart computes a technical support level at 90.17
  • Recently traded at 92.65 which is below its 50 day moving average of 96.08


Barchart technical indicators:
  • 48% Barchart technical buy signal
  • Trend Spotter sell signal but weakening
  • Above its 20, 50 and 100 day moving averages
  • Only 1.95% below its recent high
  • Relative Strength Index 53.95%
  • Barchart computes a technical support level at 82.28
  • Recently traded at 84.32 which is above its 50 day moving average of 83.46







BARCHART MORNING CALL 10/21

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 +0.74%) this morning are up +0.67% at a 1-week high and European stocks are up +1.61% as Apple rose 2% in pre-market trading after it reported stronger-than-expected Q4 earnings results late yesterday. Another supportive factor for stocks was strength in the Chinese economy after Q3 China GDP grew more than expected. Asian stocks closed mixed: Japan -2.03%, Hong Kong +0.08%, China -0.87%, Taiwan -0.10%, Australia +0.11%, Singapore +0.68%, South Korea -0.99%, India +0.55%. Chinese stocks closed lower after the stronger-than-expected China Q3 GDP dampened speculation the government will boost economic stimulus measures. Commodity prices are mixed. Nov crude oil (CLX14 +0.27%) is up +0.58%. Nov gasoline (RBX14 +0.52%) is up +0.57%. Dec gold (GCZ14 +0.38%) is up +0.32% at a 1-1/4 month high on expectations the Fed may push back interest rate increases. Dec copper (HGZ14 +0.64%) is up +0.30%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 +0.27%) is up +0.23%. EUR/USD (^EURUSD) is down -0.35%. USD/JPY (^USDJPY) is down -0.06%. Dec T-note prices (ZNZ14 -0.12%) are down -8.5 ticks.
China Q3 GDP rose +1.9% q/q and +7.3% y/y, stronger than expectations of +1.8% q/q and +7.2% y/y. Despite beating expectations, the +7.3% y/y increase was the slowest pace of expansion in 5-1/2 years.
China Sep industrial production rose +8.0% y/y, better than expectations of +7.5% y/y.
China Sep retail sales climbed +11.6% y/y, less than expectations of +11.7% y/y and the slowest pace of growth in 3-1/2 years.
China Sep fixed assets investment (ex-rural households) rose +16.1% year-to-date y/y, less than expectations of +16.3% year-to-date y/y and the slowest pace of increase in 12-3/4 years.
UK Sep public sector net borrowing rose +11.1 billion pounds, more than expectations of +10.1 billion pounds.
Japan Aug all-industry activity index fell -0.1% m/m, a smaller decline than expectations of -0.4% m/m, but still the third consecutive monthly drop.
U.S. STOCK PREVIEW
The market is expecting today’s Sep existing home sales report to show a +1.0% increase to 5.10 million, reversing some of the -1.8% decline to 5.05 million seen in August.   There are 24 of the S&P 500 companies that report earnings today with notable reports including:  Lockheed Martin (2.72), Coca-Cola (0.53), United Technologies (1.81), Kimberly-Clark (1.54), Harley-Davidson (0.59), McDonald's (1.37), E-Trade (0.22), Intuitive Surgical (3.81), Yahoo (0.30).  Equity conferences during the remainder of this week include:  Latin Markets Private Wealth Latin America and the Caribbean Forum on Thu.
OVERNIGHT U.S. STOCK MOVERS
Lockheed Martin (LMT -0.40%) reported Q3 EPS of $2.76, higher than consensus of $2.72.
Harley-Davidson (HOG -0.43%) reported Q3 EPS of 69 bents, better than consensus of 59 cents.
The Travelers Cos. (TRV -0.04%) reported Q3 EPS of $2.61, well above consensus of $2.26.
Verizon (VZ +0.85%) reported Q3 EPS of 89 cents, less than consensus of 90 cents.
Brown & Brown (BRO +0.75%) reported Q3 EPS of 47 cents, right on consensus, although Q3 revenue of $421.3 million was slightly less than consensus of $425.4 million.
SAB Capital Advisors reported a 5.1% passive stake in Men's Wearhouse (MW +0.65%) .
Celanese (CE +2.13%) reported Q3 adjusted EPS of $1.61, much better than consensus $1.44, and then raised guiadance on fiscal 2014 adjusted EPS view to $5.55-$5.65, well above consensus of $5.33.
Texas Instruments (TXN +1.69%) gained 3% in after-hours trading ater it reported Q3 EPS of 76 cents, better than consensus of 71 cents.
Apple (AAPL +2.14%) climbed more than 2% in after-hours trading after it reported Q4 EPS of $1.42, well ahead of consensus of $1.31.
Rent-A-Center (RCII +0.25%) reported Q3 EPS of 48 cents, higher than consensus of 47 cents, although Q3 revenue of $769.5 million was below consensus of $773.32 million.
Illumina (ILMN -0.27%) rose more than 7% in after-hours trading after it reported Q3 adjusted EPS of 77 cents, much higher than consensus of 56 cents, and then raised guidance on fiscal 2014 EPS view to $2.63-$2.65, well ahead of consensus of $2.30.
Cadence Design (CDNS +0.73%) reported Q3 adjusted EPS of 26 cents, better than consensus of 24 cents.
Werner (WERN +1.22%) reported Q3 EPS of 36 cents, right on consensus, although Q3 revenue of $551.96 million was higher than consensus of $542.95 million.
Chipotle (CMG +1.76%) reported Q3 EPS of $4.15, well above consensus of $3.84.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 +0.74%) this morning are up +12.75 points (+0.67%) at a 1-week high. The S&P 500 index on Monday closed higher: S&P 500 +0.91%, Dow Jones +0.12%, Nasdaq +1.43%. Bullish factors included (1) expectations for strong Q3 company earnings results as the estimate for Q3 S&P 500 company profits has been raised over the past 1-1/2 weeks, and (2) a rally in Apple that lifted technology stocks on expectations that increased iPhone 6 sales lifted Apple’s fiscal Q4 profit by +10%.
Dec 10-year T-notes (ZNZ14 -0.12%) this morning are down -8.5 ticks. Dec 10-year T-note futures prices on Monday closed higher. Closes: TYZ4 +5.50, FVZ4 +4.50. Bullish factors included (1) carry-over support from a rally in European government bonds after German Sep PPI fell -1.0% y/y, the largest year-over-year decline in 8 months, which may prompt he ECB to expand stimulus and (2) comments from Dallas Fed President Fisher suggesting the Fed may wait before raising interest rates when he said he wants to see how things proceed in the U.S. economy before raising interest rates.
The dollar index (DXY00 +0.27%) this morning is up +0.194 (+0.23%). EUR/USD (^EURUSD) is down -0.0045 (-0.35%). USD/JPY ^USDJPY) is down -0.06 (-0.06%). The dollar index on Monday closed lower after Dallas Fed President Fisher said that he wants to see how the things proceed in the U.S. economy before raising interest rates. Closes: Dollar index -0.157 (-0.18%), EUR/USD +0.00409 (+0.32%), USD/JPY +0.04 (+0.04%). USD/JPY moved higher as the yen weakened after the Nikkei newspaper reported that Japan’s $1.2 trillion Government Pension Investment Fund will increase its holdings of foreign stocks and bonds at the expense of Japanese assets, which is yen-negative.
Nov WTI crude oil (CLX14 +0.27%) this morning is up +48 cents (+0.58%) and Nov gasoline (RBX14 +0.52%) is up +0.0126 (+0.57%). Nov crude and Nov gasoline on Monday closed lower. Closes: CLX4 -0.04 (-0.06%), RBXX4 -0.0327 (-1.46%). Bearish factors included (1) speculation that OPEC won’t take any action to cut production and bolster crude prices before its next scheduled meeting late next month, and (2) expectations for Wednesday’s weekly EIA crude inventories to increase by +3.0 million bbl.
GLOBAL EVENT CALENDAR10/21/2014
US1000 ETSep existing home sales expected +1.0% to 5.10 million, Aug -1.8% to 5.05 million.
JPN0030 ETJapan Aug all-industry activity index expected -0.4%, Jul -0.2% m/m.
1950 ETJapan Sep trade balance expected -780.0 billion yen, Aug -949.7 billion yen. Sep exports expected +6.5% y/y, Aug -1.3% y/y. Sep imports expected +2.7% y/y, Aug -1.4% y/y.
UK0430 ETUK Sep public sector net borrowing expected +9.4 billion pounds, Aug +10.9 billion pounds.
U.S. STOCK CALENDAR10/21/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Pentair PLCPNR USBef-mktQ3 2014 Earnings ReleaseQ3 20140.937
Omnicom Group IncOMC USBef-mktQ3 2014 Earnings ReleaseQ3 20140.899
Lockheed Martin CorpLMT USBef-mktQ3 2014 Earnings ReleaseQ3 20142.722
Allegheny Technologies IncATI USBef-mktQ3 2014 Earnings ReleaseQ3 2014-0.064
Regions Financial CorpRF USBef-mktQ3 2014 Earnings ReleaseQ3 20140.211
Coca-Cola Co/TheKO USBef-mktQ3 2014 Earnings ReleaseQ3 20140.527
United Technologies CorpUTX USBef-mktQ3 2014 Earnings ReleaseQ3 20141.809
Harley-Davidson IncHOG USBef-mktQ3 2014 Earnings ReleaseQ3 20140.594
Kimberly-Clark CorpKMB USBef-mktQ3 2014 Earnings ReleaseQ3 20141.543
Reynolds American IncRAI USBef-mktQ3 2014 Earnings ReleaseQ3 20140.91
McDonald's CorpMCD USBef-mktQ3 2014 Earnings ReleaseQ3 20141.365
Travelers Cos Inc/TheTRV US6:57Q3 2014 Earnings ReleaseQ3 20142.264
Waters CorpWAT US7:00Q3 2014 Earnings ReleaseQ3 20141.285
Verizon Communications IncVZ US7:30Q3 2014 Earnings ReleaseQ3 20140.899
Illinois Tool Works IncITW US8:00Q3 2014 Earnings ReleaseQ3 20141.233
Omnicom Group IncOMC US8:30Q3 2014 Earnings CallQ3 2014
Verizon Communications IncVZ US8:30Q3 2014 Earnings CallQ3 2014
Allegheny Technologies IncATI US8:30Q3 2014 Earnings CallQ3 2014
Waters CorpWAT US8:30Q3 2014 Earnings CallQ3 2014
Pentair PLCPNR US9:00Q3 2014 Earnings CallQ3 2014
Travelers Cos Inc/TheTRV US9:00Q3 2014 Earnings CallQ3 2014
United Technologies CorpUTX US9:00Q3 2014 Earnings CallQ3 2014
Harley-Davidson IncHOG US9:00Q3 2014 Earnings CallQ3 2014
Reynolds American IncRAI US9:00Q3 2014 Earnings CallQ3 2014
Coca-Cola Co/TheKO US9:30Q3 2014 Earnings CallQ3 2014
Illinois Tool Works IncITW US10:00Q3 2014 Earnings CallQ3 2014
Kimberly-Clark CorpKMB US10:00Q3 2014 Earnings CallQ3 2014
Lockheed Martin CorpLMT US11:00Q3 2014 Earnings CallQ3 2014
Regions Financial CorpRF US11:00Q3 2014 Earnings CallQ3 2014
McDonald's CorpMCD US11:00Q3 2014 Earnings CallQ3 2014
Robert Half International IncRHI US16:00Q3 2014 Earnings ReleaseQ3 20140.583
JPMorgan Chase & CoJPM US16:00Jamie Dimon Inverview-Reflections on Resilient Leadership""
ACE LtdACE US16:05Q3 2014 Earnings ReleaseQ3 20142.357
E*TRADE Financial CorpETFC US16:05Q3 2014 Earnings ReleaseQ3 20140.223
Intuitive Surgical IncISRG US16:30Q3 2014 Earnings CallQ3 2014
Broadcom CorpBRCM US16:45Q3 2014 Earnings CallQ3 2014
Robert Half International IncRHI US17:00Q3 2014 Earnings CallQ3 2014
E*TRADE Financial CorpETFC US17:00Q3 2014 Earnings CallQ3 2014
Yahoo! IncYHOO US17:00Q3 2014 Earnings CallQ3 2014
Discover Financial ServicesDFS US17:00Q3 2014 Earnings CallQ3 2014
Broadcom CorpBRCM USAft-mktQ3 2014 Earnings ReleaseQ3 20140.839
Nabors Industries LtdNBR USAft-mktQ3 2014 Earnings ReleaseQ3 20140.361
FMC Technologies IncFTI USAft-mktQ3 2014 Earnings ReleaseQ3 20140.735
Intuitive Surgical IncISRG USAft-mktQ3 2014 Earnings ReleaseQ3 20143.808
Yahoo! IncYHOO USAft-mktQ3 2014 Earnings ReleaseQ3 20140.296
Discover Financial ServicesDFS USAft-mktQ3 2014 Earnings ReleaseQ3 20141.338
Vertex Pharmaceuticals IncVRTX USFDA Adcomm, Kalydeco, cystic fibrosis patients with R117H CFTR mutation
Cintas CorpCTAS USAnnual General Meeting

Monday, October 20, 2014

National Beverage - Barchart's Chart of the Day

National Beverage (FIZZ) is the Barchart Chart of the Day.  The soft drink stock has a Trend Spotter buy signal, a Weighted Alpha of 36.27 and gained 27.67% in the last year.

The Chart of the Day is National Beverage (FIZZ).  I found the stock by sorting the All Time High list for the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/18 the stock gained 27.07%.

National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(R) and Faygo(R), complete lines of multi-flavored and cola soft drinks.


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
  • 10 new highs and up 22.09% in the last month
  • Relative Strength Index 75.10%
  • Barchart computes a technical support level at 21.66
  • Recently traded at 23.99 with a 50 day moving average of 19.68
Fundamental factors:
  • Market Cap $1.11 billion
  • P/E 21.76
  • No major Wall Street firms are presently making predictions on the stock
  • The individual investors on Motley Fool vote 112 to 20 that the stock will out perform the market
Small Cap stocks like this without analysts recommendations must be followed on a strictly technical basis.  Use the 50 and 100 day moving averages to play this one

5 Mid Cap Stars

Even though the majority of the stock in the S&P 400 Mid Cap Index are trading below their 20, 50 and 100 day moving averages there are still some that seem to be trading near their highs.  I used Barchart to sort the stocks in the Index for the best technical buy signals, then used the Flipchart feature to review the charts.

Today's list for Stock Picks includes HSN Inc (HSNI), Domino's Pizza (DPZ), Rent-A-Center (RCII), Panera Bread (PNRA) and Landstar Systems (LSTR):

HSN Inc (HNSI)


Barchart technical indicators:
  • 100% Barchart technical buy signals'
  • Trend Spotter buy signal
  • Above ts 20, 50 and 100 day moving averages
  • At its 52 week high
  • Relative Strength Index 65.55%
  • Barchart computes a technical support level at 59.85
  • Recently traded at 63.93 with a 50 day moving average of 60.68


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • .45% off its recent high
  • Relative Strength Index 76.13%
  • Barchart computes a technical support level at 84.03
  • Recently traded at 85.81 with a 50 day moving average of 76.78


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 9.10% in the last month
  • Relative Strength Index 66.73%
  • Barchart computes a technical support level at 30.90
  • Recently traded at 31.86 with a 50 day moving average of 28.66


Brachart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 6.26% in the last month
  • Relative Strength Index 68.53%
  • Barchart computes a technical support level at 164.81
  • Recently traded at 170.40 with a 50 day moving average of 156.81


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter hold signal
  • Above its 20, 50 and 100 day moving averages
  • Only 2.83% off its recent high
  • Relative Strength Index 57.92
  • Barchart computes a technical support level at 70.62
  • Recently traded at 71.95 with a 50 day moving average of 69.94











Pilgrim's Pride - Sell Signals

Today I deleted Pilgrim's Pride (PPC) from the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:
  • 48% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 14.66% below its recent high
  • Relative Strength Index 41.22%


BARCHART MORNING CALL 10/20

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 -0.12%) this morning are down -0.07% after IBM missed on Q3 revenue estimates and European stocks are down -1.28% as SAP SE dropped over 5% after it cut its full-year profit forecast and Royal Philips slid over 4% after it reported Q3 sales and profits that were weaker-than-expected. Asian stocks closed higher: Japan +3.98%, Hong Kong +0.20%, China +0.53%, Taiwan +1.77%, Australia +0.91%, Singapore +0.42%, South Korea +1.69%, India +1.23%. Japanese stocks rallied sharply after the Nikkei newspaper reported that Japan's $1.2 trillion Government Pension Investment Fund will increase its allocation target for local stocks to about 25% from the current 12%. Chinese stocks gained after a government official said the PBOC is planning to inject about 200 billion yuan ($32.7 billion) into banks to help them prepare for year-end liquidity needs and as Communist leaders gather for a plenum that may further economic and social reforms in an attempt to spur economic growth. Commodity prices are mixed. Nov crude oil (CLX14 +0.35%) is up +0.05%. Nov gasoline (RBX14 +0.03%) is down -0.14%. Dec gold (GCZ14 +0.51%) is up +0.30%. Dec copper (HGZ14 -0.92%) is down -1.03%. Agriculture prices are lower on speculation dry weather in the Midwest sped up the pace of the U.S. harvest. The dollar index (DXY00 -0.03%) is up +0.03%. EUR/USD (^EURUSD) is up +0.20%. USD/JPY (^USDJPY) is down -0.02%. Dec T-note prices (ZNZ14 -0.07%) are down -2 ticks.
German Sep PPI was unchanged m/m and down -1.0% y/y, right on expectations. German producer prices have now held steady or fallen for 10 consecutive months and the -1.0% y/y drop was the largest year-over-year decline in 8 months.
The UK Oct Rightmove house prices rose +2.6% m/m, the largest increase in 5 months, and on an annual basis rose +7.6% y/y.
Japan Sep nationwide department store sales fell -0.7% y/y, the sixth consecutive month of year-over-year declines.
The Japan leading index CI was revised upward to 104.4 from the originally reported 104.0. The Aug coincident index was revised downward to 108.3 from the originally reported 108.5, the lowest level in 13 months.
U.S. STOCK PREVIEW
There are no U.S. economic reports today.  There are 10 of the S&P 500 companies that report earnings today:  Apple (consensus $1.30), IBM (4.32), Gannett (0.55), Genuine Parts (1.24), Halliburton (1.10), Hasbro (1.45), VF Corp (1.10), Texas Instruments (0.71), Chipotle (3.83), Zions Bancorporate (0.44).  Equity conferences this week include:  LME Metals Seminar 2014 on Monday, and Latin Markets Private Wealth Latin America and the Caribbean Forum on Thu.
OVERNIGHT U.S. STOCK MOVERS
International Business Machines (IBM +1.23%) reported Q3 EPS of $3.68, well below consensus of $4.32.
Halliburton (HAL +2.79%) reported Q3 EPS of $1.19, better than consensus of $1.10.
Hasbro (HAS -0.66%) reported Q3 EPS of $1.46, higher than consensus of $1.45.
E-Trade (ETFC +1.21%) was upgraded to 'Conviction Buy' from 'Buy' at Goldman Sachs.
Freeport McMoRan (FCX +0.33%) was upgraded to 'Neutral' from 'Sell' at Citigroup.
Newmont Mining (NEM -1.41%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
Cliffs Natural (CLF -8.00%) downgraded to 'Sell' from 'Neutral' at Citigroup.
Swift Transport (SWFT +4.02%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
Anerican International Group (AIG +2.75%) rose over 1% in pre-market trading after Deutsche Bank AG upgraded the stock to 'Buy' from 'Hold.'
Longview Asset reported a 9.97% stake in General Dynamics (GD +2.56%) .
RA Capital reported a 8.3% passive stake in TG Therapeutics (TGTX unch) .
Advanced Technology Ventures VIII reported an 11.8% stake in Calithera Biosciences (CALA +7.13%) .
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 -0.12%) this morning are down -1.25 points (-0.07%). The S&P 500 index on Friday closed higher: S&P 500 +1.29%, Dow Jones +1.63%, Nasdaq +1.33%. Bullish factors included (1) carry-over support from a rally in European stocks on the prospects of additional ECB stimulus after ECB Executive Board member Coeure said the central bank will start “within the next days” to purchase assets in the new program to support the economy, (2) the +6.3% increase in U.S. Sep housing starts to 1.017 million, stronger etter than expectations of +5.4% to 1.008 million, and (3) the unexpected +1.8 point increase in the U.S. Oct University of Michigan consumer confidence to a 7-1/4 year high of 86.4, better than expectations of -0.6 to 84.0.
Dec 10-year T-notes (ZNZ14 -0.07%) this morning are down -2 ticks. Dec 10-year T-note futures prices on Friday closed lower. Closes: TYZ4 -13.00, FVZ4 -7.00. Negative factors included (1) the larger-than-expected increase in U.S. Sep housing starts, (2) the unexpected increase in the Oct University of Michigan U.S. consumer confidence index to a 7-1/4 year high, and (3) reduced safe-haven demand for T-notes after stocks rallied.
The dollar index (DXY00 -0.03%) this morning is up +0.024 (+0.03%). EUR/USD (^EURUSD) is up +0.0025 (+0.20%). USD/JPY (^USDJPY) is down -0.02 (-0.02%). The dollar index on Friday closed higher. Closes: Dollar index +0.155 (+0.18%), EUR/USD -0.00513 (-0.40%), USD/JPY +0.541 (+0.51%). Supportive factors included (1) signs of U.S. economic strength after Sep housing starts rose more than expected and the Oct University of Michigan U.S. consumer confidence unexpectedly rose to a 7-1/4 year high, and (2) weakness in EUR/USD on euro-negative comments from ECB Executive Board member Coeure who said the central bank will start “within the next days” to purchase assets in the new program to support the economy.
Nov WTI crude oil (CLX14 +0.35%) this morning is up +4 cents (+0.05%) and Nov gasoline (RBX14 +0.03%) is down -0.0032 (-0.14%). Nov crude and Nov gasoline on Friday settled higher. Closes: CLX4 +0.05 (+0.06%), RBXX4 +0.0218 (+0.99%). Bullish factors included (1) stronger-than-expected U.S. economic reports on Sep housing starts and U.S. consumer confidence, and (2) the rally in stocks which bolstered optimism in the economic outlook. A rally in the dollar index took energy prices off of their best levels.
GLOBAL EVENT CALENDAR10/20/2014
US1100 ETUSDA weekly grain export inspections.
1600 ETUSDA weekly crop progress.
JPN0100 ETRevised Japan Aug leading index CI, previous 104.5. Revised Aug coincident index, previous 108.5.
0130 ETJapan Sep nationwide department store sales, Aug -0.3% y/y.
GER0200 ETGerman Sep PPI expected unch m/m and -1.0% y/y, Aug -0.1% m/m and -0.8% y/y.
EUR0400 ETEurozone Aug current account, Jul +32.3 billion euros (nsa).
CHI2200 ETChina Sep industrial production expected +7.5% y/y, Aug +6.9% y/y.
2200 ETChina Sep retail sales expected +11.7% y/y, Aug +11.9% y/y.
2200 ETChina Q3 GDP expected +1.8% q/q and +7.2% y/y, Q2 +2.0% q/q and +7.5% y/y.
U.S. STOCK CALENDAR10/20/2014
Company NameCompany TickerTimeEvent DescriptionActualEstimate
Gannett Co IncGCI USBef-mktQ3 2014 Earnings Release0.55
Genuine Parts CoGPC USBef-mktQ3 2014 Earnings Release1.235
Hasbro IncHAS US6:30Q3 2014 Earnings Release1.461.446
VF CorpVFC US7:00Q3 2014 Earnings Release1.081.096
Halliburton CoHAL US7:00Q3 2014 Earnings Release1.191.098
International Business Machines CorpIBM US7:04Q3 2014 Earnings Release3.684.317
International Business Machines CorpIBM US8:00Q3 2014 Earnings Call
Hasbro IncHAS US8:30Q3 2014 Earnings Call
VF CorpVFC US8:30Q3 2014 Earnings Call
Halliburton CoHAL US9:00Q3 2014 Earnings Call
Gannett Co IncGCI US10:00Q3 2014 Earnings Call
Genuine Parts CoGPC US11:00Q3 2014 Earnings Call
Texas Instruments IncTXN US16:30Q3 2014 Earnings Release0.713
Chipotle Mexican Grill IncCMG US16:30Q3 2014 Earnings Release3.833
Apple IncAAPL US17:00Q4 2014 Earnings Call
Chipotle Mexican Grill IncCMG US17:00Q3 2014 Earnings Call
Apple IncAAPL USAft-mktQ4 2014 Earnings Release1.302
Zions BancorporationZION USAft-mktQ3 2014 Earnings Release0.435
Texas Instruments IncTXN US17:30Q3 2014 Earnings Call
Zions BancorporationZION US17:30Q3 2014 Earnings Call

Sunday, October 19, 2014

NFLX, INTC, and MO - Mixed Signals

Every day I try to post on my Barchart Van Meerten Picks blog a few of the technical indicators and chart of a few of the most popular stocks.  Today's list includes Netflix (NFLX), Intel (INTC) and Altria (MO):

Netflix (NFLX)


Barchart technical indicators:
  • 88% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 27.02% off its recent high
  • Relative Strength Index 22.38%
  • Barchart computes a technical support level of 334.32
  • Recently traded at 357.09 which is below its 50 day moving average of 457.47
Intel (INTC)


Barchart technical indicators:
  • 64% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 11.75% off its recent high
  • Relative Strength Index 35.89%
  • Barchart computes a technical support level at 30.61 which above it recent trading level 
  • Recently traded at 31.38 which is below its 50 day moving average of 44.20
Altria (MO)


Barchart technical indicators:
  • 16% technical buy signals
  • Trend Spotter hold signal
  • Below its 20 day moving average but above its 50 and 100 day moving averages
  • Only 3.69% below its recent high
  • Relative Strength Index 53.10%
  • Barchart computes a technical support level at 44.77
  • Recently traded at 45.66 which is above its 50 day moving average of 44.20