Friday, March 11, 2011

Market in Recovery 3/11

Just a quick note to show what the market is doing today.  These 2 charts are the Value Line Arithmetic Index of 1700 stock done in 5 minute intervals showing the price vs the 20, 50 and 100 interval moving averages

The bottom chart is also in 5 minute intervals showing the price vs a 147 interval turtle chart.

It;s easy to see teh market is gaining back its losses from yesterday

Coffee give me the jitters

Over years coffee has become a world wide beverage.  Coffee is now grown all over the globe.  Insides say that Japan alone buys more Jamaican Blue Mountain coffee than is even grown in Jamaica each year.  How do you know what you're getting?

A few years ago it was predicted that cheap coffee from Vietnam would dilute prices and hold down cost but look at where coffee prices have gone in the last 10 years.


Let's look at some of the biggest coffee sellers in the US.  This is not an exhaustive list but just a sample.

Starbucks (SBUX) has over 11 billion dollars is sales world wide with 6,706 company owned store in the US, 2,164 over seas and 8,139 licensed locations.





 
Starbucks Corporation (SBUX) purchases and roasts whole bean coffees. It operates approximately 16,858 stores, including 8,833 company-operated stores and 8,025 licensed stores. The company offers approximately 30 blends and single-origin premium arabica coffees. It also provides handcrafted beverages, such as fresh-brewed coffee, hot and iced espresso beverages, coffee and non-coffee blended beverages, Vivanno smoothies, and Tazo teas; and merchandise products, including home espresso machines, coffee brewers and grinders, coffee mugs and accessories, packaged goods, music, books, and gift items. In addition, it offers fresh food items, which comprise baked pastries, sandwiches, salads, oatmeal, yogurt parfaits, and fruit cups. Further, it also provides VIA ready brew coffee, bottled frappuccino beverages, discoveries chilled cup coffee, doubleshot espresso drinks, iced coffee, whole bean coffee, and ice creams. The company’s brand portfolio includes Tazo tea, Ethos water, Seattle’s Best Coffee, and Torrefazione Italia Coffee. Starbucks Corporation sells its products in approximately 50 countries worldwide. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington. ( Yahoo Finance profile)

Technical Factors:

  • 100% Barchart technical buy signal
  • Trend Spotter (tm) buy signal
  • Trading above its 20, 50 and 100 day moving averages
  • 5 new highs and up 14.51% in the last month
  • Relative Strength Index 78.90% and rising
  • Trades around 37.97 with a 50 day moving average of 32.86
Fundamental Factors:
  • This stock is a Wall Street brokerage darling with 7 strong buy, 6 buy and 10 hold reports released
  • Sales are expected to increase by 61.00% this year and 7.40% next year
  • Earnings are estimated to increase by 16.40% this year, 18.80% next year and 16.86% annually for the next 5 years
Investor Sentiment:
  • On Motley Fool this is one of the highest followed stocks with 9202 opinions expressed
  • The Caps members vote 5,648 to 1,646 that the stock will beat the market
  • The more experienced All Stars vote 1,695 to 213 for the same result
  • Fool notes that all 19 articles by Wall Street columnists they follow are all positive
Caribou Coffee Company (CBOU) has 413 locations and 13 franchised store and scores 305 Million in revenue.  It is my favorite place to have a cup.  They have couches and fireplaces and a more laid back feeling.


Caribou Coffee Company, Inc. (CBOU) operates coffeehouses primarily in the United States. It offers premium coffee and espresso-based beverages, as well as specialty teas, baked goods, whole bean coffee, branded merchandise, and related products. As of January 3, 2010, the company had 534 coffeehouses, including 121 franchised coffeehouses located in Minnesota; Illinois; Ohio; Michigan; North Carolina; Georgia; Wisconsin; Virginia; Colorado; Maryland; Iowa; Washington, D.C.; North Dakota; Nebraska; Pennsylvania; Kansas; South Dakota; Missouri; Indiana; and Nevada, as well as in the international markets. It also sells premium whole bean and ground coffee to grocery stores, mass merchandisers, office coffee providers, airlines, hotels, sports and entertainment venues, college campuses, and online customers. The company was founded in 1992 and is headquartered in Minneapolis, Minnesota. ( Yahoo Finance profile)

Technical Factors:

  • 96% Barchart technical sell signal
  • Trend Spotter (tm) sell signal
  • Trading below its 20, 50 and 100 day moving averages
  • 23.06% off its high
  • Relative Strength Index 39.81% and falling
  • Trades around 9.11 with a 50 day moving average of 9.79
Fundamental Factors:
  • Wall Street brokerages published 4 strong buy and 2 hold recommendations
  • Sales are projected to increase by 7.80% this year and 9.70% next year
  • Earnings are forecasted to decrease by 19.60% this year but increase by 27.00% next year and 21.00% annually for the next 5 years
Investor Sentiment:
  • CAPS members on Motley Fool vote 110 to 68 that the stock will beat the market
  • The All Stars vote 32 to 20 and are not as positive
  • One of the Wall Street firms Fool follows is Baird and they put out a new buy signal on 2/24/2011
Peet's Coffee and Tea (PEET) has 192 stores plus 8,500 locations that sell their products for an annual revenue of 25+ million


Peet's Coffee & Tea, Inc., (PEET) together with its subsidiaries, operates as a coffee roaster and marketer of roasted whole bean coffee and tea in the United States. The company also offers whole leaf and bagged tea; and specialty food items, such as jellies, jams, candies, beverages, pastries, and other related items. In addition, it markets a range of merchandise, including brewing equipment for coffee and tea; paper filters and brewing accessories; and branded and nonbranded cups, saucers, travel mugs, and serveware. The company sells its products through multiple distribution channels comprising its own retail stores; and a network of grocery stores, home delivery, office, and restaurant and foodservice accounts. As of January 3, 2010, it operated 192 retail stores in California, Colorado, Illinois, Oregon, Massachusetts, and Washington. Peet's Coffee & Tea, Inc. was founded in 1966 and is headquartered in Emeryville, California. ( Yahoo Finance profile)

Technical Factors:

  • 8% Barchart technical Buy signal
  • Trend Spotter (tm) hold signal
  • 3 new highs and up 49.20% this last month
  • Relative Strength Index 46.08% and dropping
  • Trades around 42.53 with a 50 day moving average of 41.28
Fundamental Factors:
  • Wall Street brokerages have published 3 strong buy and 6 hold reports
  • Sales are projected to increase by 9.00% this year and 7.60% next year
  • Earnings are estimated to increase by 18.00% this year, 19.10% next year nd 17.50% annually for the next 5 years
Investor Sentiment:
  • Motley Fool CAPS members vote 189 to 87 that the stock will beat the market
  • All Stars are more split 62 to 41
Green Mountain Coffee Roasters (GMCR) is more of a pure coffee play with about 2 billion is sales.


Green Mountain Coffee Roasters, Inc. (GMCR) operates in the specialty coffee industry in the United States and internationally. It sells approximately 200 whole bean and ground coffee selections, cocoa, teas, and coffees. The company offers Arabica bean coffee, including single-origin, Fair Trade Certified, organic, flavored, limited edition, and proprietary blends under the Green Mountain Coffee, Tully’s Coffee, and Newman’s Own Organics brand names. It also manufactures gourmet single-cup brewing systems and markets its patented single-cup coffee and tea brewing systems for offices and homes under the Keurig brand name. The company provides cocoa, teas, and coffees in K-Cup portion packs, Keurig single-cup brewers, and other accessories. It sells whole bean and ground coffee, K-Cups, Keurig single-cup brewers, and other accessories in domestic wholesale and retail channels, and directly to consumers. The company markets coffee, tea, cocoa, and single-cup brewers to retailers, such as department stores and club stores; and single-cup brewers to distributors, as well as to supermarkets. Green Mountain Coffee Roasters, Inc. was founded in 1981 and is headquartered in Waterbury, Vermont.( Yahoo Finance profile)

Technical Factors:

  • 100% Barchart technical buy signal
  • Trend Spotter (tm) buy signal
  • Recent price jump trades above its 20, 50 and 100 day moving averages
  • 3 new highs and up 49.20% in the last month
  • Relative Strength Index is 84.02% and rising
  • Trades around 61.71 with a 50 dy moving average of 38.89
Fundamental Factors:
  • Wall Street brokerages have 8 buy and 2 hold reports out
  • Sales expected to increase by 81.00% this year and 35.00% next year
  • Earnings estimated to increase by 75.70% this year, 40.70% next year and 30.18% annually for the next 5 years
Investor Sentiment:
  • CAPS members on Motley Fool vote 711 to 402 that the stock will beat the market
  • All Stars vote 261 to 134
The next company is really an unfair comparison but they sell more coffee that anyone and any discussion of coffee sales world wide would just have to include McDonald's (MCD) with over 25 Billion in sales world wide. 32,737 locations can't be ignored.


McDonald’s Corporation, (MCD) together with its subsidiaries, operates as a worldwide foodservice retailer. It franchises and operates McDonald’s restaurants that offer various food items, soft drinks, coffee, and other beverages. As of December 31, 2009, the company operated 32,478 restaurants in 117 countries, of which 26,216 were operated by franchisees; and 6,262 were operated by the company. McDonald’s Corporation was founded in 1948 and is based in Oak Brook, Illinois.(Yahoo Finance profile)

Technical Factors:

  • 64% Barchart technical buy signal
  • Trend Spotter (tm) buy signal
  • 8 new highs and up 2.04% in the last month
  • Relative Strength Index 61.00% and rising
  • Trades around 76.68 with a 50 day moving average of 74.61
Fundamental Factors:
  • Wall Street brokerages have 8 strong buy, 8 buy and 10 hold recommendations published
  • Sales are expected to increase by 5.50% this year and 5.30% next year
  • Earnings are projected to increase by 9.50% this year, 9.10% next year and annually by 10.25% for the next 5 years
Investor Sentiment:
  • What can I say?  Almost as many people have an opinion as eat there.
  • Motley Fool CAPS members vote 4,904 to 277 that the stock will beat the market
  • All Stars are very positive 1,234 to 54
  • Of the Wall Street Columnists Fool follows all 25 are positive on this one.
Well there are a lot of ways to invest in this coffee phenomena.  Coffee itself, coffee roasters and distributors, coffee retailers and restaurants that just sell more coffee than can be imagined.

On thing is for certain:  coffee sales will be larger next year than they are this year and sales will get bigger annually for at least 5 years out.

Who will profit by that?  Hopefully you and me.

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.














Barchart Morning Call 3/11

Barchart Morning Call
Overnight Developments
  • Global stocks are trading lower with the European Euro Stoxx 50 index down -0.67% and June S&Ps down -5.50 points. The dollar and Treasuries are stronger and most commodities sold off after the biggest earthquake hit Japan in a century. Crude oil fell below $100 a barrel for the first time in over a week and copper plunged to a 2-3/4 month low. The 8.9-magnitude quake also unleashed a 30-foot high tsunami with over 20 countries, including the US west coast, issuing tsunami warnings. Insurance and reinsurance stocks are sharply lower amid the Japanese quake with Munich Re and Swiss Reinsurance, the world's biggest reinsurers, both down over 5%. The extra yield investors demand to hold Irish, Portuguese, and Spanish securities instead of benchmark 10-year bunds widened ahead of a meeting of EU leaders in Brussels later today to discuss measures to tackle the debt crisis, while anti-government demonstrators in Saudi Arabia are advocating a "Day of Rage" today with police in anti-riot vehicles patrolling Riyadh.
  • The Asian stock markets today closed lower with Japan down -1.72%, Hong Kong -1.55%, China -1.00%, Taiwan -0.87%, Australia -1.17%, Singapore -1.04%, South Korea -1.44%, India -0.84%. Japan's Nikkei 225 Stock Index sank to a 1-1/4 month low after an 8.9 magnitude earthquake struck northeast of Tokyo and spawned tsunami warnings. Most stocks sold-off after the quake, although building stocks such as Fukuda surged 30% and another builder Ueki, jumped 23%. Crude oil tumbled as Japanese refiners shut plants after he quake and the BOJ set up an emergency task force and said it will do everything it can to provide ample liquidity. China's inflation and industrial production exceeded forecasts in Feb, which prompted PBOC Governor Zhou Xiaochuan to say that interest rates will be used to curb inflation, a sign of additional interest rate hikes. Feb China consumer prices were unchanged at 4.9% y/y, stronger than expectations of 4.8% y/y, while Feb China industrial production climbed 14.9% y/y. stronger than expectations of +13.3% y/y.
Overnight U.S. Stock News
  • June S&Ps this morning are trading down -5.50 points. The US stock market yesterday tumbled after China's export growth slowed, Spain's credit ratings were cut and weekly US jobless claims rose more than expected: Dow Jones -1.87%, S&P 500 -1.89%, Nasdaq Composite -1.84%. The Dow, S&P 500 and the Nasdaq all posted 1-1/4 month lows. Bearish factors for stocks included (1) carry-over weakness from a plunge in European stocks on concern the European sovereign-debt crisis may worsen after Moody's Investors Service cut Spain's credit rating by one level to Aa2, saying the government has underestimated the cost of shoring up the banking industry, (2) the slowest pace of growth in Feb China exports in 15 months along with the unexpected decline in Jan German exports, which bolsters concern that the global economic recovery may be faltering, (3) the larger-than-expected increase in weekly initial US unemployment claims (+26,000 to 397,000 versus expectations of +8,000 to 376,000, (4) the larger-than-expected Jan US trade balance which widened by the most in 7 months (-$46.3 billion versus expectations of -$41.5 billion), and is negative for US Q1 GDP growth, and (5) AP reports that Saudi police opened fire on protestors, which fuels concern the civil unrest that has plagued North Africa and the Middle East has spread to Saudi Arabia.
  • Bullish factors included (1) the decline in oil prices for a third day, which eases concern that rising energy costs will derail the global economy, (2) Fed data that showed Q4 US household wealth climbed +3.9% q/q and +16.6% y/y to $56.8 trillion, which may boost US consumer confidence and spending, and (3) the tumble in the 10-year T-note yield to a 1-1/4 month low of 3.36%.
  • Alcoa (AA) fell 1.9% in pre-market trading after the prices of most metals plunged following the Japanese earthquake.
  • Berkshire Hathaway (BRK), which owns reinsurer General Re, slid 1.2% in pre-market trading as it follows European insurers lower.
Today's Market Focus
  • June 10-year T-notes this morning are trading up +12 ticks at a 1-1/4 month high as the global plunge in stocks spurs safe-haven buying of Treasuries. T-note prices yesterday rallied to a 1-1/4 month high on increased safe-haven demand after stocks slumped when Spain's credit rating was cut along with a larger-than-expected increase in weekly jobless claims: TYM11 +18.5, FVM11 +11.2, EDU11 +1.0. The 10-year T-note yield fell to a 1-1/4 month low of 3.36%. Bullish factors included (1) increased safe-haven demand for Treasuries after global stock markets plunged when Moody's Investors Service cut Spain's credit rating by one level to Aa2, which signals the European debt crisis may worsen, (2) the larger-than-expected increase in weekly initial US unemployment claims (+26,000 to 397,000 versus expectations of +8,000 to 376,000), (3) the larger-than-expected Jan US trade balance which widened by the most in 7 months (-$46.3 billion versus expectations of -$41.5 billion), and is negative for US Q1 GDP growth, (4) strong demand for the Treasury's $13 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 3.02, the most in 10-1/2 years and well above the 12-auction average of 2.51, and (5) increased safe-haven demand for Treasuries after reports that Saudi police opened fire on protestors, which fuels concern the civil unrest that has plagued North Africa and the Middle East has spread to Saudi Arabia. A bearish factor was Fed data that showed Q4 US household wealth climbed +3.9% q/q and +16.6% y/y to $56.8 trillion, which may help boost US consumer confidence and spending.
  • The dollar index this morning is trading higher and at a 1-1/2 week high with the dollar/yen -0.67 yen and the euro/dollar -0.04 cents. The dollar index yesterday rallied to a 1-1/2 week high on concern the European sovereign-debt crisis may worsen: Dollar Index +0.555, USDJPY +0.239, EURUSD -0.01114. Bullish factors included (1) increased safe-haven demand for the dollar after global stock markets slumped when Moody's Investors Service cut Spain's credit rating by one level to Aa2, saying the government has underestimated the cost of shoring up the banking industry, and (2) weakness in the euro which fell to a 1-week low against the dollar on concern that European debt risks are rising after the cost to insure Spain's government bonds rose to a 1-month high, while the cost to insure Portugal's debt rose to a 2-month high and the cost to insure Greek debt climbed to a record high. Bearish factors included (1) the larger-than-expected Jan US trade balance which widened by the most in 7 months and is dollar negative, and (2) the larger-than-expected increase in weekly US jobless claims, which may prompt the Fed to maintain its overly easy monetary policy as the US labor market continues to struggle.
  • April crude oil prices this morning are trading down -$2.77 a barrel and April gasoline is -5.88 cents per gallon. Crude oil and gasoline prices yesterday tumbled as the dollar strengthened and the European sovereign-debt crisis worsened although prices recovered some of their losses after the AP reported that Saudi police fired on protestors: CLJ11 -$1.68, RBJ11 -0.76. Bearish factors include (1) the rally in the dollar index to a 1-1/2 week high, which discourages investment demand in commodities, (2) the action by Moody's Investors Service to cut Spain's credit rating, which suggests a worsening of the European debt crisis, and (3) the slowest pace of growth in Feb China exports in 15 months along with the unexpected decline in Jan German exports, which bolsters concern that the global economic recovery and fuel-demand growth will slow. Bullish factors included (1) stepped up attacks by Libyan leader Qaddafi who sent warplanes to bomb rebel held oil refineries, which may further reduce Libya's crude production, and (2) concerns over the spread of civil unrest to Saudi Arabia with protestors calling for a "Day of Rage" protest there on Friday along with AP reports that Saudi police had opened fire on a rally in the kingdom's east.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) ABH-AbitibiBowater (BEST earnings consensus -$0.89), FGP-Ferrellgas Partners LP (1.18), ANN-AnnTaylor Stores (0.17), CYD-China Yuchai International Ltd (0.76), HIBB-Hibbett Sports (0.43), HALO-Halozyme Therapeutics (-0.12), RDEA-Ardea Biosciences (-0.62), AWR-American States Water Co. (0.46), FIZZ-National Beverage (0.14), HTH-Hilltop Holdings (.05).
Global Financial Calendar
Friday 3/11/11
United States
0830 ET Feb retail sales expected +1.0% and +0.7% less autos, Jan +0.3% and +0.3% less autos.
0830 ET New York Fed President William Dudley speaks at the Queens Chamber of Commerce about the economy.
0955 ET Preliminary Mar U.S. University of Michigan consumer confidence expected –1.0 to 76.5, Feb +3.3 to 77.5.
1000 ET Jan business inventories expected +0.8%, Dec +0.8%.
Germany
0200 ET Feb German wholesale price index, Jan +1.2% m/m and +9.4% y/y.
0300 ET Revised Feb German CPI (EU harmonized) expected no change at +0.6% m/m and +2.2% y/y.
United Kingdom
0430 ET Feb UK PPI input prices expected +1.5% m/m and +14.4% y/y, Jan +1.7% m/m and +13.4% y/y.
0430 ET Feb UK PPI output prices +0.6% m/m and +5.2% y/y, Jan +1.0% m/m and +4.8% y/y.
0430 ET Feb UK PPI output core prices expected +0.4% m/m and +3.4% y/y, Jan +0.7% m/m and +3.2% y/y.
Euro-Zone
0515 ET ECB Executive Board member Lorenzo Bini Smaghi speaks at the Institute of Advanced Studies in Lucca, Italy.
Canada
0700 ET Feb Canada net change in employment expected +25,000, Jan +69,200. Feb unemployment rate expected –0.1 to 7.7%, Jan+0.2 to 7.8%.

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Yum Brands - Barchart Chart of the Day

Barchart.com's Chart of the Day - YUM! Brands (YUM)
Related Stocks
 YUM - Yum! Brands
Sym Last Chg Pct
YUM 52.85 +0.19 +0.36%
The "Chart of the Day" is YUM! Brands (YUM), which showed up on Thursday's Barchart "NYSE 12-month High" list and also on the Barchart "All Time High" list. Yum Brands on Thursday rallied by 0.36% and posted a new record high of $53.19. TrendSpotter has been Long on YUM since Feb 11 from $49.77. In recent news on the stock, Yum on Feb 2 reported Q4 EPS of 63 cents versus the consensus of 60 cents. YUM management said it expects double-digit EPS growth in FY2011. YUM Brands, with a market cap of $24.7 billion, owns and franchises quick-service restaurants worldwide.

yum_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. We then clicked on the "12-Month # Highs" column heading twice in order to sort the list in ascending order. Stocks with the fewest number of 12-month highs over the past 12 months are stocks that have only recently broken out to a new 12-month high and may have better upside potential then stocks that have already rallied sharply and have posted many new 12-month highs.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 33% Buy
  • Overall Average 88% Buy


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Thursday, March 10, 2011

Don't Panic


These charts shows why you shouldn't panic.  It's the Value Line Arithmetic Index of 1700 stocks in 5 minute increments vs. the 20, 50 and 100 increment moving averages

The bottom chart is a the same index vs. a 14 interval turtle chart.

Both charts show the Index tanked at the opening and stayed in a very narrow trading range all day.

Get a good nights sleep and look forward to tomorrow

Barchart Morning Call 3/10

Barchart Morning Call
Overnight Developments
  • Global stocks are trading weaker with the European Euro Stoxx 50 index down -0.71% and March S&Ps down -5.80 points. Treasuries and the dollar are higher, with the dollar index at a 1-week high, while most commodities fell after Chinese and German exports unexpectedly declined and Moody's Investors Service cut Spain's credit rating by one level to Aa2, saying the government has underestimated the cost of shoring up the banking industry. Moody's forecasts that Spanish lenders will need as much as 50 billion euros ($69 billion) to meet new capital requirements, more than the 20 billion-euro estimate seen by the government. Moody's adds the risks to Spain's public finances are "skewed to the downside" and the outlook is "negative," which suggests more rating cuts are under consideration. The euro slid to a 1-week low against the dollar as the cost to insure European government debt rose. The cost to insure Spain's government bonds rose 8 bp to a 1-month high of 258, while the cost to insure Portugal's debt rose 8.5 bp to a 2-month high of 505.5, and the cost to insure Greek debt climbed 6 bp to a record 1,040, according to CMA. European stocks were also pressured after Jan German exports unexpectedly fell -1.0% m/m, weaker than market expectations of a +0.7% m/m increase. As expected, the BOE kept its benchmark rate unchanged at 0.50% and kept its asset purchase target at 200 billion pounds ($324 billion).
  • The Asian stock markets today closed lower with Japan down -1.46%, Hong Kong -0.82%, China -1.76%, Taiwan -1.22%, Australia -1.43%, Singapore -0.56%, South Korea -1.22%, India -0.77%. Chinese stocks closed lower and weighed down other global equity markets after China reported an unexpected -$7.3 billion trade deficit in Feb. Feb China exports rose +2.4% y/y, the least in 2 years, while Feb imports climbed +19.4% y/y. The weakness in Chinese exports undercut other world stock markets on concern a slowdown in China, the engine of world growth, may also slow the global economy as well. Japanese stocks were also pressured after Q4 Japan GDP was revised down to -1.3% annualized, more than the -1.1% previously reported, because of a downward revision to capital investment and consumer spending. The Bank of Korea raised the benchmark 7-day repurchase rate by 25 bp to 3.00%, the second rate increase this year, after inflation exceeded the central bank's target ceiling for 2 consecutive months.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -5.80 points. The US stock market yesterday fluctuated on both sides of unchanged and turned lower late as weakness in technology stocks offset a decline in oil prices: Dow Jones -0.01%, S&P 500 -0.14%, Nasdaq Composite -0.51%. Bearish factors for stocks included (1) concern the violent unrest in Libya will spread throughout the oil-producing regions of North Africa and the Middle East as protestors are expected to stage a "Day of Rage" protest in Saudi Arabia on Friday, (2) concern the European sovereign-debt crisis may worsen after the managing director of European sovereign ratings at Standard & Poor's warned some countries in the Euro-Zone might have their credit ratings cut further while a Greek debt default is a "possibility," and (2) weakness in technology stocks led by declines in makers of networking equipment after Finisar warned of weaker than expected earnings.
  • Bullish factors included (1) the decline in oil prices for a second day, which eases concern that rising energy costs will derail the global economy, (2) the larger-than-expected increase in Jan wholesale inventories along with the upward revision to Dec (Jan +1.1% versus expectations of +0.9% and Dec revised up to +1.3% from +1.0%), which cut the Jan wholesale inventory-to-sales ratio to 1.13 months, matching the Apr 2010 record low, and signals further increases in production as businesses try to keep up with demand, (3) strength in retailers after American Eagle Outfitters reported better-than-expected Q4 profits, and (4) the +15.5% increase in MBA mortgage applications last week, the biggest gain since June and a sign the housing market may be stabilizing.
  • Hewlett-Packard (HPQ) slipped 1% after a shareholder-advisory group accused HP's directors of going against rules in their appointment of new board members.
Today's Market Focus
  • June 10-year T-notes this morning are trading up +4.5 ticks. T-note prices yesterday traded higher on concern rising fuel costs will slow economic growth along with strong demand for the Treasury's 10-year T-note auction: TYM11 +18.5, FVM11 +11.2, EDU11 +1.0. Bullish factors included (1) increased safe-haven demand for Treasuries after pro-Qaddafi troops stepped up attacks on rebel forces, which fuels concern that the economy will weaken as the Libyan conflict persists and pushes crude prices higher, (2) strong demand for the Treasury's $21 billion auction of 10-year T-notes that had a bid-to-cover ratio of 3.32, well above the 12-auction average of 3.16, and (3) the Fed's action to purchase $6.69 billion of Treasuries as part of its QE2 asset-purchase program. Bearish factors included (1) the larger-than-expected increase in Jan wholesale inventories along with the upward revision to Dec (Jan +1.1% versus expectations of +0.9% and Dec revised up to +1.3% from +1.0%), which cut the Jan wholesale inventory-to-sales ratio to 1.13 months, matching the Apr 2010 record low and signals further increases in production as businesses try to keep up with demand, and (2) supply pressures ahead of the Treasury's $13 billion auction of 30-year T-bonds on Thu.
  • The dollar index this morning is trading stronger and at a 1-week high with the dollar/yen +0.19 yen and the euro/dollar -0.67 cents. The dollar index yesterday fell back on concern rising fuel costs will derail the US economy along with strength in the euro on speculation the ECB will buy the bonds of the Euro-Zone's most indebted nations: Dollar Index -0.077, USDJPY +0.070, EURUSD +0.00042. Bearish factors included (1) concern the recent surge in energy prices will derail the US economy and prompt the Fed into maintaining its overly easy monetary policy, (2) speculation the ECB will purchase the bonds of its most indebted nations after the yields on Portuguese debt climbed to a record, and (3) the larger-than-expected increase in Jan German industrial production, which is euro bullish. Bullish factors included (1) increased safe-haven demand for the dollar after the managing director of European sovereign ratings at Standard & Poor's warned some countries in the Euro-Zone might have their credit ratings cut further while a Greek debt default is a "possibility," and (2) concern the European sovereign-debt crisis will worsen after weak demand for a government auction of Portuguese debt sent the yield on Portugal's 10-year bond soaring to 7.70%, the highest since data began in 1997.
  • April crude oil prices this morning are trading down -$1.04 a barrel and April gasoline is -3.30 cents per gallon. Crude oil and gasoline prices yesterday traded mixed as weekly US gasoline supplies plunged but crude supplies in Cushing Oklahoma rose to a record: CLJ11 -$0.64, RBJ11 +8.05. Bullish factors include (1) the weaker dollar, (2) an escalation of fighting in Libya after pro-Qaddafi troops stepped up attacks on rebel forces, stoking concern the conflict will persist and continue to disrupt oil shipments, (3) the larger-than-expected decline in weekly DOE gasoline and distillate inventories (gasoline -5.49 million bbl versus expectations of -1.5 million bbl and distillates -3.98 million bbl versus expectations of -500,000 bbl), and (4) concerns over the spread of civil unrest to Saudi Arabia with protestors calling for a "Day of Rage" protest there on Friday. Bearish factors included (1) the larger-than-expected increase in weekly DOE crude oil inventories (+2.52 million bbl versus expectations of +1.13 million bbl), and (2) the +1.69 million bbl increase in crude inventories at Cushing, Oklahoma, the delivery point for NYMEX WTI crude contracts, to 40.3 million barrels, the highest level since the DOE began tracking supplies in 2004.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) PLL-Pall Corp. (BEST earnings consensus $0.57), SFD-Smithfield Foods (0.69), NSM-National Semiconductor (0.24), JW/A-John Wiley & Sons (0.71), ULTA-Ulta Salon Cosmetics & Fragrance (0.45), ARO-Aeropostale (0.97), QUAD-Quad Graphics (1.16), MTN-Vail Resorts (1.38), BKE-The Buckle (1.00), CRZO-Carrizo Oil & Gas (0.32), RAVN-Raven Industries (0.35), CRIC-China Real Estate Information (0.12) EJ-E-House China Holdings Ltd. (.28).
Global Financial Calendar
Thursday 3/10/11
United States
0830 ET Weekly initial unemployment claims expected +8,000 to 376,000, previous –20,000 to 368,000. Weekly continuing claims expected –24,000 to 3.750 million, previous 59,000 to 3.774 million.
0830 ET Jan trade balance expected -$41.5 billion, Dec -$40.6 billion.
0945 ET Bloomberg weekly consumer comfort index.
1300 ET Treasury auctions $13 billion 30-year T-bonds.
1400 ET Feb monthly budget statement expected -$225.2 billion, Jan -$49.796 billion.
1630 ET Weekly money supply report and Fed balance sheet.
Japan
0100 ET Feb Japan machine tool orders, Jan +89.8% y/y.
France
0130 ET Revised Q4 French non-farm payrolls expected no change at +0.2% q/q.
0245 ET Jan French industrial production expected +0.5% m/m and +5.0% y/y, Dec +0.3% m/m and +7.0% y/y.
0245 ET Jan French manufacturing production expected +0.4% m/m and +5.0% y/y, Dec –0.1% m/m and +6.6% y/y.
Germany
0300 ET Jan German trade balance expected +13.0 billion euros, Dec +11.9 billion euros. Jan exports expected +0.7% m/m, Dec +0.5% m/m. Jan imports expected +1.5% m/m, Dec –2.6% m/m.
Euro-Zone
0400 ET ECB publishes its monthly report for March.
United Kingdom
0430 ET Jan UK industrial production expected +0.4% m/m and +4.2% y/y, Dec +0.5% m/m and +3.6% y/y.
0430 ET Jan UK manufacturing production expected +0.6% m/m and +6.3% y/y, Dec –0.1% m/m and +4.4% y/y.
0700 ET BOE announces interest rate decision and asset purchase target (no change expected to the 0.50% benchmark rate or to the 200 billion pound asset purchase target).
CHI
2100 ET Feb China producer price index expected +7.0% y/y, Jan +6.6% y/y.
2100 ET Feb China consumer price index expected +4.8% y/y, Jan +4.9% y/y.
2100 ET Feb China industrial production expected +13.3% y/y.
2100 ET Feb China retail sales expected +19.0% y/y.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Genesee Wyoming --GWR- Barchart Chaer of the Day

Barchart.coms Chart of the Day - Genesee Wyoming (GWR)
Related Stocks
 GWR - Genesee & Wyoming
Sym Last Chg Pct
GWR 55.18 +0.74 +1.36%
The "Chart of the Day" is Genesee & Wyoming (GWR), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. GWR on Wednesday rallied by 1.36% and edged to a new record high for the stock that has history back to 2002. In recent news on the stock, GWR on Feb 8 reported Q4 EPS of 56 cents versus the consensus of 53 cents. GWR on Feb 11 reported that its traffic in Jan 2011 was up 18% y/y. Genesee & Wyoming, with a market cap of $2.2 billion, owns and operates short line and regional freight railroads in the U.S. and Australia, and provides related rail services.

gwr_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

Wednesday, March 9, 2011

Tim Horton looks yummy

I was screening for stocks hitting the most frequent new highs on Barchart and found Tim Horton (THI).  They are Canada's largest quick service restaurant chain and features coffee, fresh-baked goods, soups and sandwiches and have big expansion plans not only in the US but also in the Middle East.


Although things look great on the surface I would caution you that the company's earnings will be sensitive to the commodity prices of coffee, sugar and wheat.  With over 3000 locations and another 1000 planned including 120 in the Middle East they still have room to grow.

Technical Factors:
  • 96% Barchart technical buy signals
  • Trend Spotter (tm) buy signal
  • 15 new highs and up 9.12% in the last month
  • Relative Strength Index is 75.13% and climbing
  • Trades around 45.05 with a 50 day moving average of 42.08
Fundamental Factors:
  • Wall Street brokerages like this stock and have 2 buy and 2 hold reports published including a buy recommendation from Goldman Sachs in December
  • Sales are projected to increase by 5.70% this year and 6.70% next year
  • Earnings are estimated to increase by 10.70% this year, 17.60% next year and 15.00% annually for the next 5 years
Investor Sentiment:
  • The average investor as measured by the CAPS members on Motley Fool vote 328 to 28 that the stock will beat the market
  • The more experienced All Stars vote 94 to 8 in agreement
If you have an appetite for a fast food restaurant with big expansion plans add this one to your watch lists

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Silicon Graphics slips higher

A Small Cap stock I found while screening stock on Barchart is Silicon Graphics (SGI). In this fast changing technological world companies that provide others with technology solutions should prosper. Increases in both sales and earnings are forecasted for this one.




Silicon Graphics International Corp, (SGI) formerly Rackable Systems Inc, is a global leader in large-scale clustered computing, clustered storage, HPC and data center enablement and services. It is dedicated to solving these industries' most demanding business and technology challenges. It is a provider of servers, storage, and data center solutions targeting data center deployments. The Company's products are designed to provide benefits in the areas of density, power efficiency, thermal management, ease of serviceability, and remote management. Its customers include the leading names in internet and cloud computing, digital content, oil & gas, eCommerce, social networking, research & education, HPC and federal government.

Technical Factors:

  • 100% Barchart technical buy signal
  • Trend Spotter (tm) buy signal
  • 6 new highs and up 20.34% in the last month
  • Relative Strength Index is 78.23% and rising
  • Trades around 18.93 with a 50 day moving average of 12.65
Fundamental Factors:
  • Wall Street brokerages have discovered this small cap and have 1 buy and 1 hold report published
  • Sales are projected to increase by 11.80% this year and 7.80% next year
  • Earnings are estimated to increase by 118.30% this year, 93.30% next year and 8.00% annually for the next 5 years
Investor Sentiment:
  • Small investors on Motley Fool represented by the CAPS members have noticed this stock and vote 253 to 21 that it will beat the market
  • The more experienced All Stars agree 74 to 2
  • Fool notes that the last 7 articles about the company have been positive including a recent plug by Jim Cramer on 2/18
This stock has needed product, positive sales and earnings projections and a wide following by both professional and individual investors.  It deserves a place on your small cap watch lists.


Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Whiting USA -- sell signals

This morning while using Barchart to screen stocks I detected sell signals on Whiting USA (WHX).


Technical Factors:
  • 72% Barchart technical sell signal
  • Trend spotter (tm) sell signal
  • Trading below its 20, 50 and 100 day moving average
  • 28.62% off its recent high
  • Relative strength Index 43.18%
Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Barchart Morning Call 3/9

Barchart Morning Call
Overnight Developments
  • Global stocks are trading higher with the European Euro Stoxx 50 index up +0.14% and March S&Ps up +3.20 points. The dollar is stronger and crude oil is weaker after Kuwait's oil minister said OPEC members are holding "consultations" and have not yet decided on raising output. European stocks gained on stronger-than-expected Jan German factory orders, which climbed +2.9% m/m and +16.0% y/y. Stock prices rallied further after Bundesbank President and ECB Council member Weber said Germany's "strong" economic recovery would continue this year as companies increase investment to meet export demand and "private consumption increases amidst continued positive labor market developments." Limiting stock market gains and undercutting the euro are concerns over the ongoing European sovereign-debt crisis after the extra yield between 10-year Greek bonds and similar maturity German bunds climbed 38 bp to a 2-month high of 944 bp. Greece raised 1.625 billion euros ($2.28 billion) in an auction of 26-week T-bills that had a yield of 4.75%, up from a 4.64% rate for a similar auction last month, with a bid-to-cover ratio of 3.59, weaker than the 4.59 seen at last month's auction.
  • The Asian stock markets today closed higher with Japan up +0.19%, Hong Kong +1.71%, China +0.09%, Taiwan +0.38%, Australia +0.21%, Singapore +1.22%, South Korea +0.72%, India +1.19%. Chinese bank stocks gained after Reuters reported that China canceled punitive increases of required reserves previously imposed on several banks. Asian shipping lines closed lower and were led by a -2.5% drop in Nippon K.K., Asia's largest listed line, after the company said it may slow vessels speed to cut fuel costs. Asian semiconductor stocks also closed lower on the heels of Wells Fargo's cut in its ratings on the semiconductor industry to "market weight" from "overweight."
Overnight U.S. Stock News
  • March S&Ps this morning are trading up +3.20 points. The US stock market yesterday relinquished early gains and closed lower after crude oil climbed to a 2-1/2 year high along with a sell off in technology stocks after a ratings downgrade on chipmakers: Dow -0.66, S&P 500 -0.83%, Nasdaq Composite -1.40%. Bearish factors included (1) concerns the surge in crude oil to a 2-1/2 year high will undermine the economic recovery, which sent retailers, hotels and other companies dependent on consumer spending lower, (2) a slump in chipmakers which led technology stocks lower after Wells Fargo cut the ratings on chipmakers as a group to "market weight" from "overweight," and (3) renewed European sovereign-debt concerns which undercut European stocks when Moody's Investor's Service cut Greece's credit rating three steps to B1, citing the rising risk of default, and Ireland's 10-year bond yield rose to its the highest since 1993 after the incoming Irish government said it may need to restructure some senior bank bonds as the country's debt level risks becoming "unsustainable."
  • Bullish factors for stocks included (1) comments from Chicago Fed President Evans who said the US labor market is "improving" and the "economy is growing nicely right now," (2) comments from ECB President Trichet who said the global economic recovery is "relatively robust," (3) increased M&A activity after Western Digital agreed to buy a unit from Hitachi and LVMH Moet Hennessy Louis Vuitton SA agreed to buy Bulgari, the world's third-largest jeweler, for 3.7 billion euros ($5.2 billion), and (4) the larger-than-expected increase in Jan US consumer credit which rose for the fourth consecutive month (+$5.014 billion versus expectations of +$3.300 billion).
  • Boeing (BA) gained 1% in European trading after the company won 43 orders for widebody planes from Chinese carriers, including its first 747-8 order in more than a year.
  • Urban Outfitters (URBN) plunged 12% in European trading after the company reported Q4 earnings of 45 cents per share, well below analysts' estimates of 52 cents.
Today's Market Focus
  • June 10-year T-notes this morning are trading down -4 ticks. T-note prices yesterday rebounded from early losses and closed little changed on Fed purchases of Treasuries along with increased safe-haven demand from the decline in the equity market: TYM11 -0.5, FVM11 -1.7, EDU11 -0.5. Bullish factors included (1) increased safe-haven demand for Treasuries after the stock market fell, (2) comments from Atlanta Fed President Lockhart who said "In my opinion, it is premature to declare a jobs recovery firmly established" and that the Fed shouldn't rule out additional asset purchases beyond the $600 billion planned by Jun because the economy could slow again, and (3) the Fed's action to purchase $6.61 billion of Treasuries as part of its QE2 asset-purchase program. Bearish factors included (1) increased inflation expectations as crude oil climbed to a 2-1/2 year high along with the widening in the yield spread between 10-year T-notes and 10-year TIPS to a 2-1/2 year high of 253 bp, (2) hawkish comments from Chicago Fed President Evans who said the US labor market is "improving" and the "economy is growing nicely right now," and (3) supply pressures ahead of the Treasury's $32 billion auction of 3-year T-notes on Tue.
  • The dollar index this morning is trading higher with the dollar/yen +0.35 yen and the euro/dollar -0.62 cents. The dollar index yesterday slid to a 4-month low but recovered its losses and finished slightly higher after the euro weakened on renewed European sovereign-debt risks: Dollar Index +0.096, USDJPY -0.079, EURUSD -0.00178. Bullish factors included (1) weakness in the euro on rising sovereign-debt concerns after Moody's Investor's Service cut Greece's credit rating three steps to B1, citing the rising risk of default along with the surge in Ireland's 10-year bond yield to 9.477%, the highest since 1993, after the incoming Irish government said it may need to introduce new laws to allow the restructuring of some senior bank bonds, as the country's debt level risks becoming "unsustainable," and (2) increases safe-haven demand for the dollar as the stock market tumbled. Bearish factors included (1) the surge in crude oil to a 2-1/2 year high, which threatens US economic growth and may prompt the Fed into maintaining its overly easy monetary policy, (2) the increase in the March Euro-Zone Sentix investor confidence to a 3-1/2 year high, which is euro supportive, and (3) the statement from Morgan Stanley that it is no longer "bearish" on the euro given the outlook for the ECB to raise interest rates this year and next as they revised up their 2011 year-end forecast for the euro to $1.45 from an earlier forecast of $1.24.
  • April crude oil prices this morning are trading down -20 cents a barrel and April gasoline is -0.23 of a cent per gallon. Crude oil and gasoline prices yesterday rallied to 2-1/2 year highs and closed mixed on concern that oil supply disruptions may spread through the Middle East: CLJ11 +$1.02, RBJ11 -4.25. Bullish factors included (1) escalating violence in Libya and concern that unrest in North Africa and the Middle East may spread to other oil producing nations in the region after websites in Saudi Arabia called for a nationwide "Day of Rage" on Mar 11 and Mar 20, which may further intensify unrest in the region and lead to decreased crude oil output, (2) the early decline in the dollar index to a 4-month low, which boosts investment demand for commodities, and (3) the action by Commerzbank AG to raise its crude oil price forecast for Q2 to $107 per barrel form a previous estimate of $91 a barrel citing a "fear premium" because of the potential for further production disruptions in the Middle East. Bearish factors include (1) the fall in stock prices which erodes confidence in the economic outlook and energy demand, (2) weakness in gasoline prices on increased speculation that consumer demand for gasoline will drop after prices reached a 2-1/2 year high, and (3) comments from the Obama administration that it will consider using the Strategic Petroleum Reserve if rising oil prices threaten the US economy.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) BF/B-Brown-Forman (BEST earnings consensus $0.86), DKS-Dick's Sporting Goods (0.72), FMCN-Focus Media Holding Ltd. (0.37), FNSR-Finisar (0.47), OAS-Oasis Petrloleum (0.13), EM-Emdeon (0.24), THO-Thor Industries (0.22), STP-Suntech Power Holdings Ltd. (0.29), PEGA-Pegasystems (0.40), SAM-Boston Beer (0.88), WX-WuXi PharmaTech Cayman (0.23), DMND-Diamond Foods (0.89), ESC-Emeritus (-0.33) IILG-Interval Leisure Group (0.12).
Global Financial Calendar
Tuesday 3/8/11
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET Redbook weekly retailer sales.
1000 ET Mar IBD/TIPP economic optimism expected +0.7 to 51.6, Feb ?1.0 to 50.9.
1130 ET Weekly 4-week and monthly 1-year T-bill auctions.
1300 ET Treasury auctions $32 billion 3-year T-notes.
Japan
0000 ET Feb Japan Eco watchers survey current, Jan 44.3.
1850 ET Jan Japan machine orders expected +3.0% m/m and +5.1% y/y.
France
0230 ET Feb Bank of France business sentiment expected unchanged at 110, Jan +3 to 110.
0245 ET Jan French trade balance expected ?5.1 billion euros, Dec ?5.1 billion euros.
Germany
0600 ET Jan German factory orders expected +2.5% m/m and +15.6% y/y, Dec ?3.4% m/m and +19.7% y/y.
Euro-Zone
0800 ET ECB Council member and Bundesbank President Axel Weber speaks after the Bundesbank presents its annual report.
Canada
0815 ET Feb Canada housing starts expected 173,000, Jan 170,400.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Dick's Sporting Goods -- Barchart Chart of the day 3/9

Barchart.coms Chart of the Day - Dicks Sporting Goods (DKS)
Related Stocks
 DKS - Dick's Sporting Goods Inc
Sym Last Chg Pct
DKS 39.94 +2.27 +6.03%
The "Chart of the Day" is Dick's Sporting Goods (DKS), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also showed up on Barchart's all-time high list. DKS on Tuesday rallied by 6.03% to post a new record high. Dick's on Tuesday reported Q4 EPS of 76 cents versus the consensus of 72 cents and provided 2011 guidance of $1.89-$1.91 versus the consensus of $1.59. Dick's Sporting Goods, with a market cap of $4.4 billion, is a leading full-line sporting goods retailer in the United States.

dks_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

Tuesday, March 8, 2011

The sun is shining on Emcore

This morning I was screening on Barchrart for stocks hitting the most frequent new highs and found
 Emcore (EMKR).  Momentum investors should get on board this one.  The company is highly speculative but is pursuing some highly promising  solar power joint ventures in China not only with Chinese companies but the Huainan municipal government as well..


EMCORE offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. The Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. The Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, they offer high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, they are adapting their high-efficiency GaAs solar cells for use in solar power concentrator systems.

Technical Factors:
  • 96% Barchart technical buy signal
  • Trend Spotter (tm) buy signal
  • 10 new highs and up 67.66% in the last month
  • Relative Strength Index 77.38 and rising
  • Trading around 3.12 with a 50 day moving average of 1.83
Fundamental Factors:
  • Wall Street brokerage analysts are not ready to recommend this company yet and using the present structure only look for the sales to increase by 7.20% this year and earnings to increase by 10.00% annually for the next 5 years
  • If they are able to put into play the 3 joint ventures they are working on these projections will be meaningless and the earnings may soar.
Investor Sentiment:
  • Although Wall Street is not following this stock the CAPS members on Motley Fool are betting 281 to 69 that the stock will beat the market.
  • The more experienced All Stars are not as positive with a vote of 54 to 33
Again, this stock will rise or fall on the success of the 3 joint ventures they have in the pipeline.  If you're not willing to get on board right now put this on you watch lists.


Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Fidelity Southern sell signals

This morning on Barchart I saw sell signals on Fidelity Southern (LION) and deleted it from my Barchart Van Meerten Speculative portfolio.


Fidelity Southern Corporation, through its operating subsidiary Fidelity Bank, provides a wide range of banking, mortgage and investment services through branches in Atlanta, Georgia. Mortgage, construction, and automobile loans are also provided through offices in Jacksonville, Florida.

Technical Factors:
  • 60% Barchart short term technical sell signal
  • Trend Spotter (tm) sell signal
  • Trading below its 20 and 50 day moving averages
  • 12.43% off its recent high
  • Relative strength Index 29.91% and falling

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.