Monday, May 22, 2017

Veeva Systems - Chart of the Day

Veeva Systems (VEEV) is the Barchart Chart of the Day. The Internet software company has a Trend Spotter buy signal, a Weighted Alpha of 100.07+ and gained 113.11% in the last year.

The Chart of the Day belongs to Veeve Systems (VEEV). I found the Internet software company 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.  Since the Trend Spotter signaled a buy in 2/3 the stock gained 41.35%.

Veeva Systems Inc. operates as a provider of industry-specific, cloud-based software solutions for the life sciences industry. It offers enterprise applications, a multichannel platform, customer relationship management, and content management solutions. The Company provides its solutions to pharmaceutical, animal health, and biotechnology companies. Veeva Systems Inc. is headquartered in Pleasanton, California.



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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 30 and 100 day moving averages
  • 15 new highs and up 18.99% in the last month
  • Relative Strength Index 78.94%
  • Technical support level at 59.69
  • Recently traded at 61.48 with a 50 day moving average of 52.53
Fundamental factors:
  • Market Cap $8.36 billion
  • P/E 119.08
  • Revenue expected to grow 21.00% this year and another 19.20% next year
  • Earnings estimated to increase at an annual rate of 8.20% this year, an additional 21.50% next year and continue to compound at an annual rate of 21.35% of the next 5 years
  • Wall Street analysts issued 7 strong buy, 1 buy and 3 hold recommendation on the stock

Friday, May 19, 2017

Novanta - Chart of the Day

Novanta (NOVT) is the Barchart Chart of the Day.  The electronic equipment company has a Trend Spotter buy signal, a Weighted Alpha of 125.76 and gained 122.07% in the last year.

The Chart of the Day belongs to Novanta (NOVT).   I found the electronic equipment by using Barchart to sort today's Top Stocks to Own list, first for the most frequent number of new highs in the last month and then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 4/20 the stock gained 18.98%.

Novanta Inc. designs, develops, manufactures and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical equipment and advanced industrial technology markets. Novanta Inc., formerly known as GSI Group Inc., is based in Bedford, Massachusetts.


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
  • 16 new highs and up 22.10% in the last month
  • Relative Strength Index 80.12%
  • Technical support level at 32.13
  • Recently traded at 32.55 with a 50 day moving average of 28.04
Fundamental factors:
  • Market Cap $1.13 billion
  • P/E 26.52
  • Revenue expected to grow 15.30% this year and another 6.30% next year
  • Earnings are estimated to increase 19.30% this year, an additional 23.10% next year and compound at an annual rate of 12.50% for the next 5 years
  • The analysts following the stock rates it a strong buy

Thursday, May 18, 2017

5 Large Caps for Momentum Investors

Today I wanted to find 5 Large Cap stocks that would be of inter st for Momentum Investors.  I used Barchart to sort the S&P 500 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better.  Today's Watch List includes:

Essex Properties (ESS), Applied Materials (AMAT), Brown Forman (BF.B) Cognizant Technology Solutions (CTSH) and Electronic Arts (EA)

Essex Properties (ESS)


Barchart technical indicators:

  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 7.81% in the last month
  • Relative Strength Index 79.38%
  • Technical support level at 251.92
  • Recently traded at 255.35 with a 50 day moving average of 238.62


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 15.81% in the last month
  • Relative Strength Index 64.86%
  • Technical support level at 42.99
  • Recently traded at 43.88 with a 50 day moving average of 40.03
Brown Forman (BF.B)

Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 14.13% in the last month
  • Relative Strength Index 84.75%
  • Technical support level at 50.90
  • Recently traded at 52.51 with a 50 day moving average of 47.28


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 12.76% in the last month
  • Relative Strength Index 77.17%
  • Technical support level at 64.19
  • Recently traded at 65.22 with a 50 day moving average of 60.03


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 20.64% in the last month
  • Relative Strength Index 69.97%
  • Technical support level at 103.70
  • Recently traded at 107.17 with a 50 day moving average of 93.44

GeoPark - Chart of the Day

GeoPark (GPRK) is the Barchart Chart of the Day.  The oil and gas exploration company has a Trend Spotter buy signal, a Weighted Alpha of 232.55+ and gained 239.43% in the last year.

The Chart of the Day belongs to GeoPark (GPRK).  I found the oil and gas exploration stock by using Barchart to sort today's Top Stock to Own list first by the highest Weighted Alpha, then for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 5/9 the stock gained 5.13%.

GeoPark Ltd is an explorer, operator and consolidator of oil and gas. The company operates primarily in Chile, Colombia, Brazil and Argentina. GeoPark Ltd is based in Hamilton, Bermuda.


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% technical buy signals
  • Trend Spotter buy signal
  • Above ts 20, 50 and 100 day moving averages
  • 6 new highs and up 10.45% in the last month
  • Relative Strength Index 70.03%
  • Technical support level at 7.93
  • Recently traded at 8.35 with a 50 day moving average of 7.16
Fundamental factors:
  • Market Cap $488 million
  • Revenue expected to grow 63.80% this year and another 26.40% next year
  • Earnings estimated to increase 192.30% this year and an additional 22.20% next year
  • Wall Street analysts issued 5 buy recommendations on the stock

Tuesday, May 16, 2017

Momo - Chart of the Day

Momo (MOMO) is the Barchart Chart of the Day.  The Internet software company has a Trend Spotter buy signal, a Weighted Alpha of 239.54+ and gained 267.69% in the last year.

The Chart of the Day belongs to Momo (MOMO).  I found the Internet software stock by using Barchart to sort today's Top Stocks to Own list first by Weighted Alpha, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 1/1 the sock gained 99.28%.

Momo Inc. provides mobile-based social networking platform primarily in the Peoples Republic of China. Its platform includes mobile applications and related features, functionalities, tools and services. The Company offers two types of mobile game services non-exclusive mobile game services and exclusive mobile game services. It also provides membership subscription and other services which include paid emoticons and mobile marketing services. Momo Inc. is headquartered in Beijing, the Peoples Republic of China.


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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 15.66% in the last month
  • Relative Strength Index 76.13%
  • Technical support level at 39.48
  • Recently traded at 43.89 with a 50 day moving average of 36.11
Fundamental factors:
  • Market Cap $7.80 billion
  • P/E 56.54
  • Revenue expected to grow 106.70% this year and another 34.90% next year
  • Earnings estimated to increase 60.90% this year, an additional 38.60% next year ad continue to compound at an annual rate of 69.20% for the next 5 years
  • Wall Street analysts issued 11 buy and 1 hold recommendation on the stock

MORNING CALL 5/16

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM17 +0.07%) this morning are little changed, up +0.01%, as stock prices consolidate following Monday's rally to a new record high. European stocks are down -0.12% as exporter companies weakened after EUR/USD climbed to a 6-1/4 month high. Losses were contained on signs of European economic optimism after the German May ZEW survey expectations of economic growth rose to a 1-3/4 year high. Asian stocks settled mostly higher: Japan +0.25%, Hong Kong -0.14%, China +0.74%, Taiwan -0.05%, Australia +0.21%, Singapore -1.12%, South Korea +0.27%, India +0.86%. China's Shanghai Composite erased early declines and climbed to a 1-week high on signs that policy makers are trying to stabilize the market with state-sponsored buying of equities. Japan's Nikkei Stock Index rallied to a 17-1/2 month high as optimism over corporate earnings boosts stock prices. Japanese telecommunication stocks rose, led by gains in Nippon Telegraph & Telephone, after it announced plans to raise its dividend this year.
The dollar index (DXY00 -0.47%) is down -0.42% at a 6-month low. EUR/USD (^EURUSD) is up +0.75% at a 6-1/4 month high. USD/JPY (^USDJPY) is down -0.11%.
Jun 10-year T-note prices (ZNM17 -0.05%) are down -1 tick.
ECB Governing Council member Smets said risks to Eurozone economic growth "are certainly close to balance," although "in my opinion, it is still too early to declare that inflation is durably converging to its target."
Eurozone Apr new car registrations fell -6.6% y/y to 1.191 million, the largest decline in 4 years. Year-to-date registrations are up +4.7% y/y to 3,819,086.
The German May ZEW survey expectations of economic growth rose +1.1 to 20.6, weaker than expectations of +2.5 to 22.0, but still the highest in 1-3/4 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Apr housing starts (expected +3.7% to 1.260 million, Mar -6.8% to 1.215 million), (2) Apr industrial production (expected +0.4%, Mar +0.5%).
Notable Russell 2000 earnings reports today include: Home Depot (consensus $1.61), TJX (0.79), Staples (0.17), Dick's Sporting Goods (0.54), Alere (0.54), Urban Outfitters (0.15).
U.S. IPO's scheduled to price today: G1 Therapeutics (GTHX), Modern Media Acquisition (MMDMU).
Equity conferences: JP Morgan Denver Energy Bus Tour on Mon-Tue, Bank of America Merrill Lynch Global Mining Metals & Steel Conference on Tue, Deutsche Bank Clean Tech Utility & Power Conference on Tue, Needham Emerging Technology Conference on Tue-Wed, Goldman Sachs Basic Materials Conference on Tue-Wed, Bank of America Merrill Lynch Health Care Conference on Tue-Thu, Barclays Americas Select Franchise Conference on Tue-Fri, Stephens Energy Executive Summit on Wed, BMO Capital Markets Farm to Market Conference on Wed-Thu, J.P. Morgan Homebuilding & Building Products Conference on Wed-Thu, MoffettNathanson Media & Communications Summit on Wed-Thu, RBC Capital Markets Canadian Automotive, Transportation & Industrials Conference on Thu, Barclays Water Symposium - Panel on Thu.
OVERNIGHT U.S. STOCK MOVERS
Yum! Brands (YUM +0.46%) was upgraded to 'Buy' from 'Hold' at Argus with a price target of $80.
Dr Pepper Snapple Group (DPS +0.82%) was upgraded to 'Overweight' from 'Equalweight' at Morgan Stanley with a price target of $104.
Pfizer (PFE +0.33%) is down over 1% in pre-market trading after it was downgraded to 'Sell' from 'Neutral' at Citigroup.
Sysco (SYY +0.17%) was initiated with a 'Buy' at Loop Capital Markets with a 12-month price target of $61.
LGI Homes ({=LGIH was upgraded to 'Market Perform' from 'Underperform' at Wells Fargo Securities with a price target of $33.
Sage Therapeutics (SAGE -0.58%) was initiated with a 'Buy' at Needham & Co. with a 12-month target price of $82.
Vipshop Holdings Ltd (VIPS -0.87%) rose over 2% in after-hours trading after it reported Q1 revenue of $2.32 billion, above consensus of $2.27 billion.
Kornit Digital Ltd (KRNT +0.68%) slid 3% in after-hours trading after it announced the launch of an underwritten secondary public offering of 4.25 million shares of its stock by the company's largest shareholder, Fortissimo Capital Fund II LP.
Editas Medicine (EDIT +3.73%) lost nearly 7% in after-hours trading after it reported a Q1 loss of -85 cents a share, wider than consensus of -70 cents.
Akebia Therapeutics (AKBA +1.65%) jumped 12% in after-hour trading after it entered into an exclusive license pact with Fresenius Medical to exclusively distribute vadadustat upon FDA approval.
Etsy Inc (ETSY +0.53%) may move higher today after TPG Group reported a 4.3% stake in Etsy and Dragoneer reported a 3.7% stake in the company.
Pernix Therapeutics Holdings (PTX -2.05%) plunged 30% in after-hours trading after it reported a Q1 net loss of -$29.5 million and said it is still analyzing strategic and refinancing alternatives.
MARKET COMMENTS
June E-mini S&Ps (ESM17 +0.07%) this morning are up +0.25 of a point (+0.01%). Monday's closes: S&P 500 +0.48%, Dow Jones +0.41%, Nasdaq +0.31%. The S&P 500 on Monday rallied to a new record high and closed higher on the unexpected +2 point increase in the U.S. May NAHB housing market index, stronger than expectations of unchanged at 68, and on strength in energy producing companies after crude oil rose 2.11% to a 2-week high. Stocks were undercut by the -6.2 point decline in the U.S. May Empire manufacturing index to -1.0, weaker than expectations of +2.3 to 7.5 and the steepest pace of contraction in 7 months.
June 10-year T-notes (ZNM17 -0.05%) this morning are down -1 tick. Monday's closes: TYM7 -0.50, FVM7 -0.50. Jun 10-year T-notes on Monday fell back from a 1-1/2 week high and closed slightly lower on the unexpected increase in the U.S. May NAHB housing market index (+2 to 70), and (2) the rally in the S&P 500 to a new record high, which reduces the safe-haven demand for T-notes.
The dollar index (DXY00 -0.47%) this morning is down -0.419 (-0.42%) to a 6-month low. EUR/USD (^EURUSD) is up +0.0082 (+0.75%) at a 6-1/4 month high and USD/JPY (^USDJPY) is down -0.12 (-0.11%). Monday's closes: Dollar index -0.341 (-0.34%), EUR/USD +0.0044 (+0.40%), USD/JPY +0.41 (+0.36%). The dollar index on Monday closed lower on the rally in crude oil that boosted the currencies of the crude oil exporting countries of Russia and Canada to 2-week highs against the dollar. The dollar index was also undercut by the unexpected contraction in the U.S. May Empire manufacturing survey of general business conditions (-6.2 to -1.0), which bolsters the case for the Fed to refrain from further raising interest rates.
June WTI crude oil prices (CLM17 +0.63%) this morning are up +18 cnts (+0.37%) and June gasoline (RBM17 +0.81%) is +0.0080 (+0.50%). Monday's closes: Jun crude +1.01 (+2.11%), Jun gasoline +0.0139 (+1.22%). Jun crude oil and gasoline on Monday rallied to 2-week highs and settled higher. Crude oil prices rallied on a weaker dollar and comments from Saudi Arabia's and Russia's energy ministers that they favor extending their crude oil production cuts until Mar 2018, three months longer than expectations for an extension to the end of 2017.
GLOBAL EVENT CALENDAR05/16/2017
Tuesday, May 16
US0830 ETApr housing starts expected +3.7% to 1.260 million, Mar -6.8% to 1.215 million. Apr building permits expected +0.2% to 1.270 million, Mar +4.2% to 1.267 million.
0915 ETApr industrial production expected +0.4%, Mar +0.5%. Apr manufacturing production expected +0.4%, Mar -0.4%. Apr capacity utilization expected +0.2 to 76.3%, Mar +0.4 to 76.1%.
Wednesday, May 17
US0700 ETWeekly MBA mortgage applications, previous +2.4% with purchase sub-index +1.7% and refi sub-index +3.3%.
1030 ETEIA Weekly Petroleum Status Report.
U.S. STOCK CALENDAR05/16/2017
CompanyTickerTimeEvent DescriptionPeriodEstimate
Staples IncSPLS USBef-mktQ1 2018 Earnings ReleaseQ1 180.173
Dick's Sporting Goods IncDKS USBef-mktQ1 2018 Earnings ReleaseQ1 180.542
Murphy USA IncMUSA US08:00Investor Day
Staples IncSPLS US08:00Q1 2018 Earnings CallQ1 18
Diamond Offshore Drilling IncDO US08:30Annual General Meeting
Hanover Insurance Group Inc/TheTHG US09:00Annual General Meeting
Stanley Black & Decker IncSWK US09:00Investor Day
FirstEnergy CorpFE US09:00Annual General Meeting
Home Depot Inc/TheHD US09:00Q1 2018 Earnings CallQ1 18
Home Depot Inc/TheHD US09:00Q1 2018 Earnings ReleaseQ1 181.614
TJX Cos Inc/TheTJX US09:30Q1 2018 Earnings ReleaseQ1 180.79
Avis Budget Group IncCAR US09:30Annual General Meeting
BankUnited IncBKU US10:00Annual General Meeting
Dick's Sporting Goods IncDKS US10:00Q1 2018 Earnings CallQ1 18
JPMorgan Chase & CoJPM US10:00Annual General Meeting
Principal Financial Group IncPFG US10:00Annual General Meeting
Arthur J Gallagher & CoAJG US10:00Annual General Meeting
Halliburton CoHAL US10:00Annual General Meeting
Quest Diagnostics IncDGX US10:30Annual General Meeting
Square IncSQ US11:00Investor Day
Vectren CorpVVC US11:00Annual General Meeting
TJX Cos Inc/TheTJX US11:00Q1 2018 Earnings CallQ1 18
Stanley Black & Decker IncSWK USInvestor Day
Realty Income CorpO USAnnual General Meeting
WR Berkley CorpWRB USAnnual General Meeting
Alere IncALR USQ1 2017 Earnings ReleaseQ1 170.54
Newfield Exploration CoNFX USAnnual General Meeting
ConocoPhillipsCOP USAnnual General Meeting
QEP Resources IncQEP USAnnual General Meeting
Packaging Corp of AmericaPKG USAnnual General Meeting
Arconic IncARNC USAnnual General Meeting - Proxy Fight for Board Representation
Masco CorpMAS US13:00Investor Day
Nordstrom IncJWN US14:00Annual General Meeting
Essex Property Trust IncESS US16:00Annual General Meeting
Urban Outfitters IncURBN USAft-mktQ1 2018 Earnings ReleaseQ1 180.151
Charles Schwab Corp/TheSCHW US17:00Annual General Meeting
Urban Outfitters IncURBN US17:00Q1 2018 Earnings CallQ1 18