Friday, March 27, 2015

Adeptus Health - Barchart Chart of the Day

Adeptus Health (ADPT) is the Barchart Chart of the Day.  The medical services company has a Trend Spotter buy signal, a Weighted Alpha of 120.80+ and gained 94.68% in the last year.

The Chart of the Day belongs to Adeptus Health (APDT).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/19 the stock gained 21.88%.

Adeptus Health, Inc. owns and operates First Choice Emergency Room, the network of independent freestanding emergency rooms in the United States. The Company provides emergency medical care to patients in Texas and Colorado. It has developed a facility design and infrastructure specifically tailored to the emergency care delivery system that combines staff, equipment and physical layout to deliver care.


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
  • 6 new highs and up 13.03% in the last month
  • Relative Strength Index 68.80%
  • Barchart computes a technical support level at 46.58
  • Recently traded at 50.13 with a 50 day moving average of 39.64
Fundamental factors:
  • Market Cap $491.78 million
  • Revenue expected to grow 76.90% this year and another 41.30% next year
  • Earnings estimated to increase 1300.00% this year and an additional 101.80% next year
  • Wall Street analysts issued 2 strong buy, 2 buy and 2 hold recommendations on the stock
The 100 day moving average vs. price has been a reliable technical trading strategy for this stock and should continue to be used to determine entry and exit points.

Casella Waste Systems - Buy Signals

This week I added Casella Waste Systems (CWST) to the Barchart Van Meerten Speculative portfolio for positive price momentum.  The portfolio contains stocks selected for the highest frequency of daily advances in the last month that trade for under $10 per share.


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 16.14% in the last month
  • Relative Strength Index 81.64%
  • Barchart computes a technical support level at 5.05
  • Recently traded at 5.11 with a 50 day moving average of 4.35


BARCHART MORNING CALL 3/27

BARCHART MORNING CALL 

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.10%) this morning are down -0.16% ahead of revised U.S. Q4 GDP and final Mar University of Michigan consumer sentiment that may provide a clue to the timing of a Fed interest rate increase. European stocks are up +0.23% on optimism that the ECB's QE program will achieve its goals and stave off deflation after ECB President Draghi said the ECB will have no problem meeting its debt-purchase targets. Asian stocks closed mixed: Japan -0.95%, Hong Kong -0.04%, China +0.55%, Taiwan -1.20%, Australia +0.70%, Singapore +0.54%, South Korea -0.18%, India unchanged. Japan's Nikkei Stock Index tumbled to a 2-week low as slower-than-expected increases in Japan Feb retail sales and consumer prices signal waning momentum in the Japanese economy. Commodity prices are mostly lower. May crude oil (CLK15 -1.69%) is down -1.54% on optimism that air strikes in Yemen by Saudi Arabia, which continued for a second day, won't pose a threat to crude supplies. May gasoline (RBK15 -1.15%) is down -0.94%. Apr gold (GCJ15 -0.43%) is down -0.53%. May copper (HGK15 -0.73%) is down -0.48% after weekly Shanghai copper inventories rose +4,243 MT to 243,592 MT, a 23-month high. Agriculture prices are mixed. The dollar index (DXY00 +0.09%) is up +0.28%. EUR/USD (^EURUSD) is down 0.45%. USD/JPY (^USDJPY) is up +0.15% as the yen weakened on speculation the BOJ may need to expand stimulus after Japanese consumer prices last month rose at the slowest pace in 11 months. Jun T-note prices (ZNM15 +0.09%) are up +1.5 ticks.
Japan Feb national CPI rose +2.2% y/y, weaker than expectations of +2.3% y/y and the slowest pace of increase in 11 months. Feb national CPI ex-fresh food rose +2.0% y/y, less than expectations of +2.1% y/y. Feb national CPI ex food & energy rose +2.0% y/y, less than expectations of +2.1% y/y.
The Japan Feb jobless rate fell -0.1 to 3.5%, right on expectations. The Feb job-to-applicant ratio rose +0.01 to 1.15, right on expectations and the highest since Mar 1992.
Japan Feb retail sales rose +0.7% m/m and fell -1.8% y/y, weaker than expectations of +0.9% m/m and -1.5% y/y.
Japan Feb overall household spending fell -2.9% y/y, a smaller decrease than expectations of -3.2% y/y, but still the 11th consecutive month that spending has declined.
The German Feb import price index rose +1.4% m/m and fell -3.0% y/y, stronger than expectations of +0.5% m/m and -3.9% y/y.
UK Mar nationwide house prices rose +0.1% m/m and +5.1% y/y, weaker than expectations of +0.2% m/m and +5.3% y/y.
U.S. STOCK PREVIEW
Key news today includes (1) the U.S. Q4 GDP revision (expected revised to 2.4% from +2.2%), (2) final-March U.S. consumer sentiment from the University of Michigan (expected +0.8 to 92.0), and (3) comments by Fed Chair Janet Yellen on monetary policy at a San Francisco Fed conference entitled “The New Normal for Monetary Policy.”
There are 2 of the Russell 1000 companies that report earnings today: Carnival (consensus $0.09), Ocwen Financial (0.26).
U.S. IPOs that price today include: Applied DNA Sciences (APDN). There are no U.S. IPOs that are scheduled to start trading today.
There are no equity conferences today.



OVERNIGHT U.S. STOCK MOVERS
American Eagle (AEO +1.01%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Finish Line (FINL +2.18%) reported Q4 adjusted EPS of 88 cents, better than consensus of 85 cents.
Conn's (CONN -0.56%) was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray.
ArcelorMittal (MT -2.72%) was downgraded to 'Sell' from 'Neutral' at Citigroup.
Carnival Cruise Lines (CCL +0.05%) rose over 1% in after-hours trading after it said it will add nine new cruise ships to its fleet over a four-year period from 2019-2022.
Charles Schwab (SCHW +1.95%) was initiated with an 'Outperform' at RBC Capital with a price target of $38.
UBS has a 'Buy' rating and $110 price target on McDonald's (MCD -0.51%) and says it sees the new direction of McDonald's management creating significant cost reduction potential.
SanDisk (SNDK -18.45%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
Corvex Management reported a 7.2% stake in Signet Jewelers (SIG +6.02%) .
F5 Networks (FFIV -0.59%) was initiated with a 'Buy' at Guggenheim with a price target of $130.
Yahoo! (YHOO +0.61%) rose nearly 2% in pre-market trading after it was initiated with an 'Overweight' at Morgan Stanley with a price target of $55.
Restoration Hardware (RH +1.01%) reported Q4 EPS of $1.02, better than consensus of $1.01.
GameStop (GME -2.56%) fell nearly 6% in after-hours trading after it reported Q4 adjusted EPS of $2.15, less than consensus of $2.17, and then lowered guidance on fiscal 2015 EPS to $3.60-$3.80, below consensus of $4.04.
MARKET COMMENTS
Jun E-mini S&Ps (ESM15 -0.10%) this morning are down -3.25 points (-0.16%). Thursday's closes: S&P 500 -0.24%, Dow Jones -0.23%, Nasdaq -0.32%. The U.S. stock market on Thursday closed lower as Saudi Arabia launched air strikes against rebel targets in Yemen, sparking a rally in oil prices and causing worries about possible disruptions of oil flows in the Middle East. In addition, Atlanta Fed President Lockhart hurt the stock market by saying that he still favors raising interest rates despite some softer readings in growth. Stocks received some support from the unexpected -9,000 drop in initial unemployment claims to 282,000.
Jun 10-year T-notes (ZNM15 +0.09%) this morning are up +1.5 ticks. Thursday's Closes: TYM5 -18.50, FVM5 -8.00. T-note prices closed with fairly sharp losses on Thursday as initial unemployment claims unexpectedly fell by -9,000 to a 5-week low of 282,000. In addition, demand was weak for the Treasury's $29 billion 7-year T-note auction, which carried a bid cover ratio of only 2.32, below the 12-auction average of 2.51 and the weakest since May 2009.
The dollar index (DXY00 +0.09%) this morning is up +0.269 (+0.28%). EUR/USD (^EURUSD) is down -0.0049 (-0.45%). USD/JPY (^USDJPY) is up +0.18 (+0.15%). Thursday's Closes: Dollar index +0.457 (+0.47%), EUR/USD -0.00857 (-0.78%), USD/JPY -0.304 (-0.25%). The dollar index on Thursday closed higher on some flight-to-quality with the Saudi air attack on rebels in Yemen and on Atlanta Fed President Lockhart's hawkish comment that the U.S. economy can handle moving to a higher interest-rate environment.
May WTI crude oil (CLK15 -1.69%) this morning is down -79 cents (-1.54%) and May gasoline (RBK15 -1.15%) is down -0.0177 (-0.94%). Thursday's Closes: CLK5 +2.22 (+4.51), RBK5 +0.0336 (+1.83%). May crude oil and gasoline prices on Thursday rallied to new 3-week highs and closed higher. Oil prices were mainly boosted by Saudi Arabia's air strikes against Shiite Houthi rebels in Yemen, which raised worries about a disruption of Middle East oil supplies and even about whether the conflict could spread into Saudi Arabia itself. Crude oil prices were undercut by the higher close in the dollar.
GLOBAL EVENT CALENDAR03/27/2015
US0830 ETQ4 GDP expected revised to 2.4% (q/q annualized) from 2.2%. Q4 personal consumption expected revised to +4.4% from +4.2%. Q4 GDP price index expected unrevised at +0.1%. Q4 core PCE deflator expected unrevised at +1.1% q/q.
1000 ETFinal-March U.S. consumer sentiment (University of Michigan) expected +0.8 to 92.0, previous -4.2 to 91.2.
1500 ETUSDA Q1 Hogs & Pigs Inventory.
1545 ETFed Chair Janet Yellen speaks on monetary policy at a San Francisco Fed conference on The New Normal for Monetary Policy.
GER0300 ETGerman Feb import price index expected +0.5% m/m and -3.9% y/y, Jan -0.8% m/m and -4.4% y/y.
UK0300 ETUK Mar nationwide house prices expected +0.2% m/m and +5.3% y/y, Feb -0.1% m/m and +5.7% y/y.
U.S. STOCK CALENDAR03/27/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Carnival CorpCCL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.094
Baker Hughes IncBHI US10:00Extraordinary Shareholders Meeting
Carnival CorpCCL US10:00Q1 2015 Earnings CallQ1 2015
Colgate-Palmolive CoCL USBoard Meeting
Halliburton CoHAL USExtraordinary Shareholders Meeting
Omega Healthcare Investors IncOHI USExtraordinary Shareholders Meeting
Ocwen Financial CorpOCN USQ4 2014 Earnings ReleaseQ4 20140.261
DreamWorks Animation SKG IncDWA USU.S. Box Office Release of Movie Home""

Thursday, March 26, 2015

Accenture - Chart of the Day

Accenture (ACN) is the Barchart Chart of the Day,  The business consulting company has a Trend spotter buy signal, a Weighted Alpha of 23.00+, gained 13.82% in the last year and paid a 2.26% dividend.

The Chart of the Day belongs to Accenture (ACN),  I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy in 3/18 the stock gained 3.63%.

Accenture Plc is a management consulting, technology services and outsourcing organization. The Company's business is structured around five operating groups, namely, Communications & High Tech, Financial Services, Products, Public Service and Resources. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments.


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
  • 5 new highs and up 4.58% in the last month
  • Relative Strength Index 63.20%
  • Barchart computes a technical support level at 87.01
  • Recently traded at 94.28 with  a 50 day moving average of 89.07
Fundamental factors:
  • $59.20 billion
  • P/E 19.37
  • Dividend yield 226%
  • Revenue expected to grow 1.90% this yar and another 5.40% next year
  • Earnings estimated to increase 5.10% this year, an additional 9.10% next year and continue to compound annually at a rate of 9.73% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 8 buy and 15 hold recommendations on the stock
None of the regular technical trading strategies have been dependable on this stock so I'd recommend you use a moving stop loss 10% below the current high.

BARCHART MORNING CALL 3/26

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.66%) this morning are down -0.63% and European stocks are down -1.17%, both at 1-1/2 week lows, after Saudi Arabia led a coalition of 10 Sunni-ruled nations in air strikes against Shiite Houthi rebels in Yemen. Airline stocks are lower in pre-market trading as crude oil surged to a 2-1/2 week high. Asian stocks closed mostly lower: Japan -1.39%, Hong Kong -0.13%, China +0.24%, Taiwan -0.50%, Australia -1.58%, Singapore +0.37%, South Korea -1.14%, India -2.33%. Commodity prices are mostly higher. May crude oil (CLK15 +4.10%) is up +3.70% and May gasoline (RBK15 +2.07%) is up +1.77%, both at 2-1/2 week highs, on concern the Yemen conflict could disrupt global crude oil supplies. Yemen is located on the Bab el-Mandeb strait that links the Gulf of Aden and the Red Sea, the fourth-biggest chokepoint for crude supplies in the world. According to the EIA, about 3.8 million bpd passed through Bab el-Mandeb in 2013 and a closure of the strait would force tankers to sail around the southern tip of Africa to reach European, North American and South American markets. Apr gold (GCJ15 +0.94%) is up +0.86% at a 3-week high on increased safe-haven demand due to an escalation of violence in Yemen. May copper (HGK15 +1.50%) is up +1.49%. Agriculture prices are higher. The dollar index (DXY00 -0.47%) is down -0.51% at a 3-week low. EUR/USD (^EURUSD) is up +0.35% at a 3-week high. USD/JPY (^USDJPY) is down -0.65% at a 1-month low as the conflict in Yemen boosted the safe-haven demand for the yen. Jun T-note prices (ZNM15 +0.02%) are up +4.5 ticks.
German Apr GfK consumer confidence rose +0.3 to 10.0, stronger than expectations of +0.1 to 9.8 and the highest since the data series began in 2005.
Eurozone Feb M3 money supply rose +4.0% y/y and +3.8% 3-mon avg, weaker than expectations of +4.3% y/y and +4.0% 3-mon avg.
UK Feb retail sales ex-autos rose +0.7% m/m and +5.1% y/y, stronger than expectations of +0.4% m/m and +4.2% y/y. Feb retail sales including autos rose +0.7% m/m and +5.7% y/y, stronger than expectations of +0.4% m/m and +4.7% y/y.
U.S. STOCK PREVIEW
U.S. economic reports today include (1) today's weekly unemployment claims report (initial claims expected -1,000 to 290,000 and continuing claims expected -17,000 to 2.400 million), and (2) today's preliminary-March Markit U.S. services PMI (expected -0.1 to 57.0). There are 4 of the Russell 1000 companies that report earnings today: Accenture (consensus $1.07), ConAgra Foods (0.52), Signet Jewelers (3.04), GameStop (2.16). U.S. IPOs that price today include: SolarEdge Technologies (SEDG), and Jernigan Capital (JCAP). U.S. IPOs that start trading today include: Franklin Financial Network (FRFN). Equity conferences during the remainder of this week include: Leerink Booth Tours At American Academy of Orthopaedic Surgeons on Wed-Thu, CIBC Real Estate Conference on Thu, Nomura - Conference: Global Chemicals Industry Leaders Conference - London on Thu, Jefferies Animal Health Summit on Thu, Gabelli Specialty Chemicals Conference on Thu.



OVERNIGHT U.S. STOCK MOVERS
SanDisk (SNDK -4.21%) lowered Q1 revenue guidance to $1.3 billion from $1.4 billion-$1.45 billion, below consensus of $1.44 billion.
ConAgra Foods (CAG +0.90%) reported Q3 EPS of 59 cents, higher thah consensus of 52 cents.
Accenture PLC (ACN -1.34%) reported Q2 EPS of $1.08, better than consensus of $1.07.
Charles Schwab (SCHW -1.95%) was upgraded to 'Overweight' from 'Underweight' at Barclays.
Dr Pepper Snapple (DPS -0.57%) and Con-way (CNW -1.50%) were both upgraded to 'Buy' from 'Hold' at Stifel.
lululemon (LULU -3.70%) reported Q4 EPS of 78 cents, higher than consensus of 73 cents, but then lowered guidance on fiscal 2015 EPS to $1.85-$1.90, below consensus of $2.06.
ASML ({=ASML was downgraded to 'Sell' from 'Hold' at Deutsche Bank.
Man Group reported a 5.6% passive stake in 1-800-Flowers.com (FLWS -4.83%) .
LifePoint (LPNT -2.30%) was downgraded to 'Neutral' from 'Buy' at Mizuho.
Red Hat (RHT -1.37%) reported Q4 EPS of 43 cents, above consensus of 41 cents.
Verint Systems (VRNT -1.08%) reported Q4 EPS of $1.19, better than consensus of $1.15, but thenlowered guidance on fiscal 2015 EPS to $3.55-$3.75, below consensus of $3.76.
PVH Corp. (PVH +0.43%) reported Q4 EPS of $1.76, higher than consensus of $1.73, but then lowered guidance on fiscal 2015 EPS to $6.75-$6.90, below consensus of $7.37.
MARKET COMMENTS
Jun E-mini S&Ps (ESM15 -0.66%) this morning are down -13.00 points (-0.63%) at a 1-1/2 week low. Wednesday's Closes: S&P 500 -1.46%, Dow Jones -1.62%, Nasdaq -2.30%. The stock market on Wednesday sold-off sharply with the S&P 500 at a 1-week low after U.S. Feb durable goods orders unexpectedly declined (-1.4% and -0.4% ex transportation vs. expectations of +0.2% and +0.2% ex transportation). Another negative for equites was the slide in technology stocks led by losses in Microsoft, Intel and Micron Technology.
Jun 10-year T-notes (ZNM15 +0.02%) this morning are up +4.5 ticks. Wednesday's Closes: TYM5 -9.00, FVM5 -6.00. Jun T-notes climbed to a 1-1/2 month high after U.S. Feb durable goods orders unexpectedly declined and after Chicago Fed President Evans said he sees no compelling reason for us to be in a hurry to tighten financial conditions until" it's clear that inflation will reach the Fed's 2.0% target within one or two years. T-note prices erased their gains and closed lower, however, on weak demand for the Treasury's $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of 2.35, below the 12-auction average of 2.68 and the lowest since July 2009.
The dollar index (DXY00 -0.47%) this morning is down -0.494 (-0.51%) at a 3-week low. EUR/USD (^EURUSD) is up +00038 (+0.35%) at a 3-week high. USD/JPY (^USDJPY) is down -0.78 (-0.65%) at a 1-month low. Wednesday's closes: Dollar index -0.214 (-0.22%), EUR/USD +0.00458 (+0.42%), USD/JPY -0.263 (-0.22%). The dollar closed lower yesterday on negative factors that included (1) the unexpected decline in U.S. Feb durable goods orders, which may delay Fed rate hikes, and (2) comments from Chicago Fed President Evans who said inflation remains too low to justify an interest rate increase this year.
May WTI crude oil (CLK15 +4.10%) this morning is up +$1.82 a barrel (+3.70%) and May gasoline (RBK15 +2.07%) is up +0.0324 (+1.77%), both at 2-1/2 week highs. Wednesday's closes: CLK5 +1.70 (+3.58), RBK5 +0.0302 (+1.68%). May crude and gasoline posted 1-1/2 week highs and closed higher. A weaker dollar boosted energy prices despite bearish factors that included (1) the +8.17 million bbl increase in weekly EIA crude inventories to 466.7 million bbl, more than expectations of +4.75 million bbl and the most since weekly EIA data began in 1982, and (2) the +1.9 million bbl increase in crude supplies at Cushing, OK, delivery point of WTI futures, to a record 56.3 million bbl (data since 2004).
GLOBAL EVENT CALENDAR03/26/2015
US0435 ETSt. Louis Fed President James Bullard delivers a public lecture at an event in Frankfurt on the U.S. economy and monetary policy.
0830 ETWeekly initial unemployment claims expected -1,000 to 290,000, previous +1,000 to 291,000. Weekly continuing claims expected -17,000 to 2.400 million, previous -11,000 to 2.417 million.
0830 ETUSDA weekly Export Sales.
0900 ETAtlanta Fed President Dennis Lockhart speaks on monetary policy and the economic outlook at the Engage International Investment Education Symposium in Detroit.
0945 ETPreliminary Markit Mar services PMI expected -0.1 to 57.0, Feb +2.9 to 57.1.
1100 ETMar Kansas City Fed manufacturing activity survey expected unch at 1, Feb -2 to 1.
1300 ETTreasury auctions $29 billion 7-year T-notes.
GER0300 ETGerman Apr GfK consumer confidence expected +0.1 to 9.8, Mar 9.7.
EUR0500 ETEurozone Feb M3 money supply expected +4.3% y/y and 4.0% 3-mon avg, Jan +4.1% y/y and +3.6% 3-mon avg.
n/aECB President Mario Draghi will address Italys Lower House Finance, Budget and European Affairs Committees.
UK0530 ETUK Feb retail sales ex-autos expected +0.4% m/m and +4.2% y/y, Jan -0.7% m/m and +4.8% y/y. Feb retail sales including autos expected +0.4% m/m and +4.7% y/y, Jan -0.3% m/m and +5.4% y/y.
0700 ETUK Mar CBI reported sales expected +17 to 18, Feb 1.
JPN1930 ETJapan Feb jobless rate expected -0.1 to 3.5%, Jan 3.6%. Feb job-to-applicant ratio expected +0.01 to 1.15, Jan 1.14.
1930 ETJapan Feb overall household spending expected -3.2% y/y, Jan -5.1% y/y.
1930 ETJapan Feb national CPI expected +2.3% y/y, Jan +2.4% y/y. Feb national CPI ex-fresh food expected +2.1% y/y, Jan +2.2% y/y. Feb national CPI ex food & energy expected +2.1% y/y, Jan +2.1% y/y.
1930 ETJapan Mar Tokyo CPI expected +2.3% y/y, Feb +2.3% y/y. Mar Tokyo CPI ex-fresh food expected +2.2% y/y, Feb +2.2% y/y. Mar Tokyo CPI ex food & energy expected +1.7% y/y, Feb 1.7% y/y.
1950 ETJapan Feb retail sales expected +0.9% m/m and -1.5% y/y, Jan -1.9% m/m and -2.0% y/y.
CHI2130 ETChina Feb industrial profits, Jan -8.0% y/y.
U.S. STOCK CALENDAR03/26/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Signet Jewelers LtdSIG US7:00Q4 2015 Earnings ReleaseQ4 20153.038
Accenture PLCACN US7:01Q2 2015 Earnings ReleaseQ2 20151.072
ConAgra Foods IncCAG US7:30Q3 2015 Earnings ReleaseQ3 20150.52
Accenture PLCACN US8:00Q2 2015 Earnings CallQ2 2015
Signet Jewelers LtdSIG US8:30Q4 2015 Earnings CallQ4 2015
PVH CorpPVH US9:00Q4 2015 Earnings CallQ4 2015
ConAgra Foods IncCAG US9:30Q3 2015 Earnings CallQ3 2015
Sempra EnergySRE US13:00Analyst ConferenceY 2015
GameStop CorpGME US17:00Q4 2015 Earnings CallQ4 2015
GameStop CorpGME USAft-mktQ4 2015 Earnings ReleaseQ4 20152.164
VeriFone Systems IncPAY USAnnual General Meeting

Wednesday, March 25, 2015

Core Molding Technologies - Barchart's Chart of the Day

Core Molding Technologies (CMT) is the Barchart Chart of the Day.  The plastic products company has a Trend Spotter buy signal, a Weighted Alpha of 35.00+ and gained 61.89% in the last year.

The Chart of the Day belongs to Core Molding Technologies (CMT).  I found the stock by sorting the All Time High list for the stock with the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 3/12 the stock gained 11.35%.

Core Molding Technologies, Inc. is a compounder of sheet molding composites (SMC) and molder of fiberglass reinforced plastics. Their processing capabilities include the compression molding of SMC, vacuum assisted resin infusion molding, spray up and lay up processes. They produce high-quality fiberglass reinforced, molded products and SMC materials for varied markets, including medium- and heavy-duty trucks, automobiles, personal watercraft and other commercial products.


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 17.71% in the last month
  • Relative Strength Index 78.23%
  • Barchart computes a technical support level at 15.33
  • Recently traded at 16.48 with a 50 day moving average of 14.57
Fundamental factors:
  • Market Cap $126.40 million
  • P/E 12.55
  • The only Wall Street firm following the stock is Singular Research and they do not disclose their projections
  • They have a strong buy recommendation for their subscribers
  • On Motley Fool the individual investors vote 51 to 3 that the stock will beat the market
The best technical trading strategy for this stock has been the 20-100 Day MACD Oscillator and I recommend you use that for entry and exit points.

7 Great Stocks

Recently I added 7 stocks to the  Barchart Van Meerten New High portfolio for good upside momentum.  I selected stocks trading over 100K shares a day that had the most frequent daily advances in the last month.

The list includes: Burlington Stores (BURL), Skyworks Solutions (SWKS), Amag Pharmaceuticals (AMAG), Zagg (ZAGG), Newlink Genetics (NLNK), Pinnacle Entertainment (PNK) and  Norwegian Cruise Lines (NCLH).

Burlington Stores (BURL)


Barchart technical indicators:
  • 32% Bachart technical buy signals
  • Trend Spotter hold signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 7.89% in the last month
  • Relative Strength Index 57.45%
  • Barchart computes a technical support level at 60.07
  • Recently traded at 58.63 with a 50 day moving average of 53.99


Barchart technical indicators:
  • 40% Barchart technical buy signals
  • Trend Spotter hold signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 8.97% in the last month
  • Relative Strength Index 57.70%
  • Barchart computes a technical support level at 99.16
  • Recently traded at 95.40 with a 50 day moving average of 86.17


Barchart technical indicators:
  • 40% BArchart technical buy signals
  • Trend Spotter buy signal
  • Above its 50 and 100 day moving averages
  • 13 new highs and up 19.95% in the last month
  • Relative Strength Index 61.73%
  • Barchat computes a technical support level at 55.25
  • Recently traded at 53.98 with a 50 day moving average of 47.50
Zagg (ZAGG)


Barchart technical indicators:
  • 16% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 50 and 100 day moving averages
  • 13 new highs and up 19.16% in the last month
  • Relative Strength Index 51.97%
  • Barchart computes a technical support level at 7.71
  • Recently traded at 8.40 with a 50 day moving average of 7.34


Barchart technical indicators:
  • 24% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 50 and 100 day moving averages
  • 11 new highs and up 21.05% in the last month
  • Relative Strength Index 54.24%
  • Barchart computes a technical support leve at 48.82
  • Recently traded at 48.40 with a 50 day moving average of 42.69


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 37.25% in the last month
  • Relative Strength Index 87.72%
  • Barchart computes a technical support level at 35.29
  • Recently traded at 35.76 with  50 day moving average of 26.70


Barchart technical indicators:
  • 56% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 5.09% in the last month
  • Relative Strength Index 56.67%
  • Barchart computes  a technical support level at 51.53
  • Recently traded at 51.36 with a 50 day moving average of 47.59
















BARCHART MORNING CALL 3/25

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.06%) this morning are up +0.08% on increased M&A activity as Kraft Foods jumped 16% in early pre-market trading on news that it will merge with H.J. Heinz. European stocks are down -0.51% on Greek default concerns after the ECB banned Greek banks from increasing holdings of short-term government debt. The ECB has rationed the Greek central bank's access to emergency funding since last month on concern the Greek government is funding itself via domestic lenders with central bank cash. Eurozone finance officials will hold a call today to discuss progress on Greece, amid concerns that it may run out of cash by early next month. Losses in European stocks were limited after German business confidence rose for a fifth month in March to the highest in 8 months. Asian stocks closed mixed: Japan +0.17%, Hong Kong +0.53%, China -0.82%, Taiwan -0.66%, Australia +0.07%, Singapore +0.17%, South Korea -0.08%, India -0.18%. Commodity prices are mixed. May crude oil (CLK15 -0.29%) is down -0.13% and May gasoline (RBK15 +0.46%) is up +0.50%. Apr gold (GCJ15 +0.19%) is up +0.07%. May copper (HGK15 -0.59%) is down -0.62%. Agriculture prices are mixed. The dollar index (DXY00 -0.42%) is down -0.30%. EUR/USD (^EURUSD) is up +0.52%. USD/JPY (^USDJPY) is down -0.14%. Jun T-note prices (ZNM15 +0.15%) are up +3 ticks at a 1-1/2 month high after Chicago Fed President said inflation is too low to raise interest rates this year.
The German Mar IFO business climate rose +1.1 points to 107.9, stronger than expectations of +0.5 to 107.3 and the highest in 8 months. The Mar IFO current assessment rose +0.7 to 112.0, right on expectations. The Mar IFO expectations rose +1.4 points to 103.9, stronger than expectations of +0.5 to 103.0 and the highest in 9 months.
Chicago Fed President Evans said inflation remains too low to justify an interest rate increase this year, despite "terrific" progress in reducing U.S. unemployment. Evans said "he sees no compelling reason for us to be in a hurry to tighten financial conditions until" it's clear that inflation will reach the Fed's 2.0% target within one or two years.
Japan Feb PPI services prices rose +3.3% y/y, right on expectations.
U.S. STOCK PREVIEW
Today’s Feb durable goods orders report is expected to show an increase of +0.2% for both the headline and ex-transportation reports. The Treasury today will sell $13 billion of 2-year floating-rate notes and $35 billion of 5-year T-notes. There are 5 of the Russell 1000 companies that report earnings today: Paychex (consensus $0.46), Red Hat (0.41), PVH (1.73), Leidos Holdings (0.49), Apollo Education (-0.16).
Equity conferences during the remainder of this week include: Excellence in Data Analytics for Shared Services and Outsourcing 2015 on Tue-Wed, Telsey Advisory Group (TAG) Spring Consumer Conference on Tue-Wed, Leerink Booth Tours At American Academy of Orthopaedic Surgeons on Wed-Thu, CIBC Real Estate Conference on Thu, Nomura - Conference: Global Chemicals Industry Leaders Conference - London on Thu, Jefferies Animal Health Summit on Thu, Gabelli Specialty Chemicals Conference on Thu.



OVERNIGHT U.S. STOCK MOVERS
Kraft Foods Group (KRFT -1.27%) surged 16% in pre-market trading after saying it will merge with H.J. Heinz.
Starwood (HOT -2.28%) was downgraded to 'Neutral' from 'Buy' at SunTrust.
Tesla (TSLA +1.05%) was downgraded to 'Underperform' from 'Outperform' at CLSA.
Finish Line (FINL +0.41%) was downgraded to 'Neutral' from 'Buy' at B. Riley.
Leidos (LDOS -2.20%) reported Q4 EPS of 69 cents, higher than consensus of 48 cents, but then lowered guidance on fiscal 2015 EPS to $2.20-$2.45, below consensus of $2.53.
Merck (MRK -0.17%) announced a new $10 billion share repurchase program.
ING Groep (ING +1.20%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Ultragenyx (RARE -2.65%) was initiated with a 'Buy' at CRT Capital with a price target of $90.
Cepheid (CPHD -2.08%) announced it has received Emergency Use Authorization from the FDA for Xpert Ebola, a molecular diagnostic test for Ebola Zaire Virus that delivers results in less than two hours.
Wells Fargo initiated United Rentals (URI +0.25%) with an 'Outperform' rating and a $110-$115 valuation range.
Steelcase (SCS -2.16%) reported Q4 adjusted EPS of 21 cents, better than consensus of 20 cents.
Park City Group (PCYG +0.57%) filed to sell 1 million shares of common stock.
MARKET COMMENTS
Jun E-mini S&Ps (ESM15 -0.06%) this morning areup +1.75 points (+0.08%) . Tuesday's Closes: S&P 500 -0.61%, Dow Jones -0.58%, Nasdaq -0.33%. The stock market on Tuesday closed lower after the stronger-than-expected U.S. Feb new home sales report (+7.8% to a 7-year high of 539,000) bolstered concern the Fed would soon raise interest rates. Another negative for stocks was the comments from St. Louis Fed President Bullard who said the Fed risks falling "behind the curve" on inflation if normalization of monetary policy is not started soon.
Jun 10-year T-notes (ZNM15 +0.15%) this morning are up +3 ticks at a new 1-1/2 month high. Tuesday's Closes: TYM5 +8.00, FVM5 +5.50. Jun T-notes posted a 1-1/2 month high on benign inflation pressures after U.S. Feb core CPI rose +1.7% y/y, right on expectations and below the Fed's 2.0% inflation target. T-notes received additional support in late afternoon after stocks sold-off.
The dollar index (DXY00 -0.42%) this morning is down -0.289 (-0.30%). EUR/USD (^EURUSD) is up +0.0057 (+0.52%). USD/JPY (^USDJPY) is down -0.17 (-0.14%). Tuesday's closes: Dollar index +0.160 (+0.16%), EUR/USD -0.00212 (-0.19%), USD/JPY +0.025 (+0.02%). The dollar rebounded from a 2-week low and closed higher after U.S. Feb new home sales rose more than expected to the highest in 7 years, which bolsters expectations for the Fed to raise interest rates.
May WTI crude oil (CLK15 -0.29%) this morning is down -6 cents (-0.13%) and May gasoline (RBK15 +0.46%) is up +0.0090 (+0.50%). Tuesday's closes: CLK5 +0.06 (+0.13), RBK5 -0.0013 (-0.07%). May crude and gasoline posted 1-week highs but settled mixed after the dollar recovered from a 2-week low and closed higher. Gains in crude were limited on expectations that Wednesday's weekly EIA crude inventories will increase by +4.75 million bbl.
GLOBAL EVENT CALENDAR03/25/2015
US0630 ETChicago Fed President Charles Evans speaks in London at the Official Monetary and Financial Institutions Forum City Lectures on Monetary Policy and the Economy.
0700 ETWeekly MBA mortgage applications, previous -3.9% with purchase sub-index -1.5% and refi sub-index -5.2%.
0830 ETFeb durable goods orders expected +0.2% and +0.2% ex transportation, Jan 2.8% and unch ex-transportation. Feb capital goods orders non-defense ex-aircraft expected +0.3%, Jan +0.5%.
1030 ETEIA Weekly Petroleum Status Report.
1130 ETTreasury auctions $13 billion 2-year floating rate notes.
1300 ETTreasury auctions $35 billion 5-year T-notes.
GER0500 ETGerman Mar IFO business climate expected +0.5 to 107.3, Feb 106.8. Mar IFO current assessment expected +0.7 to 112.0, Feb 111.3. Mar IFO expectations expected +0.5 to 103.0, Feb 102.5.
U.S. STOCK CALENDAR03/25/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Paychex IncPAYX USBef-mktQ3 2015 Earnings ReleaseQ3 20150.462
Leidos Holdings IncLDOS US6:00Q4 2015 Earnings ReleaseQ4 20150.485
Apollo Education Group IncAPOL US7:30Q2 2015 Earnings ReleaseQ2 2015-0.163
Leidos Holdings IncLDOS US8:00Q4 2015 Earnings CallQ4 2015
Apollo Education Group IncAPOL US8:30Q2 2015 Earnings CallQ2 2015
AGL Resources IncGAS US9:00Analyst DayY 2015
Paychex IncPAYX US9:30Q3 2015 Earnings CallQ3 2015
McCormick & Co Inc/MDMKC US10:00Annual General MeetingY 2015
American Express CoAXP US13:30Investor DayY 2015
Red Hat IncRHT US17:00Q4 2015 Earnings CallQ4 2015
PVH CorpPVH USAft-mktQ4 2015 Earnings ReleaseQ4 20151.728
Red Hat IncRHT USAft-mktQ4 2015 Earnings ReleaseQ4 20150.406

Tuesday, March 24, 2015

TerrForm Power - Barchart's Chart of the Day

TerraForm Power (TERP) is the Barchart Chart of the Day.  The renewable energy company has a Trend Spotter buy signal, a Weighted Alpha of 13.10+ and gained 9.19% in the last year,

The Chart of the Day is Terraform Power (TERP).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy on 12/31 the stock gained 17.00%.

TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential 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
  • 5 new highs and up 4.88% in the last month
  • Relative Strength Index 66.15%
  • Barchart computes a technical support level at 34.54%
  • Recently traded at 36.13 with a 50 day moving average of 33.01
Fundamental factors:
  • Market Cap $1.11 billion
  • Revenue predicted to increase by 275.10% next year
  • Wall Street analysts issued 2 strong buy,4 buy and  1 hold recommendation
  • The individual investors on Motley Fool voted 7 to 0 that the stock will beat the market
I suggest you use a moving stop loss 10% below the recent high as an exit point.

Thursday, March 19, 2015

Vantiv - Barchart's Chart of the Day

Vantiv (VNTV) is the Barchart Chart of the Day.  The financial transaction services company has a Trend spotter buy signal, a Weighted Alpha of 28.80+ and gained 19.76% in the last year.

The Chart of the Day belongs to Vantiv (VNTV).  I found the stock by sorting today's All Time High list for the stocks with the best technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy in 3/18 the stock is up 1.83%,

Vantiv, Inc. is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The Company operates in two segments: Merchant Services and Financial Institution Services. Vantiv offers acquiring and processing transactions, value-added services, merchant services and reporting for electronic payment transactions. It also provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, network gateway and switching services.


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% Barcart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 0 and 100 day moving averages
  • 3 new highs and up 1.17% in the last month
  • Relative Strength Index 67.59%
  • Barchart computes a technical support level at 36.82
  • Recently traded at 3891 with a 50 day  moving average of 36.06
Fundamental factors:
  • Market Cap $7.36 billion
  • P/E 22.23
  • Revenue expected to grow 15.40% this year and another 8.10% next year
  • Earnings estimated to increase 14.40% this year, an additional 12.60% next year and continue to increase at an annual rate of 13.78% for the next 5 years
  • Wall Street analysts issued 6 strong buy, 15 buy, 5 hold and 1 under perform recommendation on the stock
This stock does not lend itself to technical trading strategies so I suggest you use a moving  stop loss 10% below the recent high for an exit point