Friday, June 24, 2011

Barchart Morning Call 6/24

Barchart Morning Call
Overnight Developments
  • Global stocks are mostly higher with the European Euro Stoxx 50 up +0.31% and Sep S&Ps up +1.60 points. Stocks and commodities rose and Treasuries retreated after EU leaders vowed to stave off a Greek default as long as Prime Minister Papandreou pushes a 78 billion euro ($111 billion) package of budget cuts through the Greek parliament next week. German Chancellor Merkel said "we have agreed that there will be a new program for Greece" and Greek Prime Minister Papandreou called the commitment to a new 3-year aid program "not only a green light but also a positive sign for the future of Greece." European stocks also received a boost after German business confidence unexpectedly improved in June. The Jun German IFO business climate rose +0.3 to 114.5, stronger than expectations of -0.8 to 113.4 as the index remains near the record high of 115.4 posted in Feb. The euro gave back a slight advance and turned lower after BOE Governor King said "the most serious and immediate risk stems from the worsening debt crisis in the Euro-Zone."
  • The Asian stock markets today closed mostly higher with Japan up +0.85%, Hong Kong +1.90%, China +2.36%, Taiwan -0.40%, Australia +0.17%, Singapore +0.73%, South Korea +1.85%, India +2.89%. Thursday's plunge in crude oil along with reduced European sovereign-debt concerns has boosted most Asian stocks today. Airline stocks rose due to the fall in fuel prices and shipping companies closed higher after the Baltic Dry Index, a measure of shipping rates for commodities, increased for the first time in 5 days. China's Shanghai Stock Index soared 2.36% after Prime Minister Jiabao said efforts to stem inflation have worked and the pace of consumer-price increases will slow, which reduced concern the government will raise interest rates.
Overnight U.S. Stock News
  • September S&Ps this morning are trading up +1.60 points. The US stock market yesterday tumbled on concern the economy is slowing along with concern the European debt crisis will hurt banks but stock prices rallied late to finish mixed on reports that austerity measures proposed by Greece to win a bailout were endorsed by the EU and the IMF: Dow Jones -0.49%, S&P 500 -0.28%, Nasdaq Composite +0.66%. Bearish factors included (1) weakness in bank stocks after ECB President Trichet warned that risk signals for financial stability in the Euro-Zone are flashing "red" as the debt crisis threatens to infect banks, (2) the larger-than-expected increase in weekly US initial unemployment claims (+9,000 to 429,000 versus expectations of +1,000 to 415,000), (3) the plunge in energy producers after crude oil fell to a 4-month low when the IEA said it will release supplies from strategic reserves, and (4) a decline in commodity and raw-material producers after a rally in the dollar prompted fund liquidation of most commodities.
  • Bullish factors for stocks included (1) the smaller-than-expected decline in May US new home sales (-2.1% to 319,000 versus expectations of -4.0% to 310,000), (2) strength in airline stocks on expectations of lower costs as crude oil tumbled, and (3) late-day short covering in stocks after austerity measures proposed by Greek Finance Minister Venizelos were endorsed by the EU and the IMF.
  • Accenture (ACN) rose 2% in European trading after the company raised its full-year revenue growth estimates to an increase of 14% to 15% this year, higher than a previous projection of 11% to 14%.
  • Oracle (ORCL) slid 4.1% in pre-market trading after the company said hardware sales declined 6% in the quarter ended May 31, weaker than a Mar projection of a 6% to 12% increase.
Today's Market Focus
  • September 10-year T-notes this morning are unchanged. T-note prices yesterday moved higher throughout the day after ECB President Trichet warned that the European sovereign-debt crisis threatens to infect banks along with the larger-than-expected increase in weekly US jobless claims: TYU11 +22, FVU11 +15.5, EDZ11 -2.0. Bullish factors included (1) increased safe-haven demand for Treasuries after the stock market tumbled and after ECB President Trichet warned that risk signals for financial stability in the Euro-Zone are flashing "red" as the debt crisis threatens to infect banks, and (2) the larger-than-expected increase in weekly US initial unemployment claims (+9,000 to 429,000 versus expectations of +1,000 to 415,000). Bearish factors included (1) the smaller-than-expected decline in May US new home sales (-2.1% to 319,000 versus expectations of -4.0% to 310,000), and (2) supply pressures ahead of the Treasury's $99 billion in T-note auctions next week.
  • The dollar index this morning is higher with the dollar/yen -0.31 yen and the euro/dollar -0.23 cents. The dollar index yesterday rallied sharply on increased safe-haven demand after the stock market tumbled and after ECB President Trichet warned that the European debt crisis threatens to infect banks: Dollar Index +0.664, USDJPY +0.229, EURUSD -0.00911. Bullish factors included (1) euro negative comments from ECB President Trichet who said that risk signals for financial stability in the Euro-Zone are flashing "red" as the debt crisis threatens to infect banks, (2) the report from the Financial Times that opposition leader in the Greek parliament said his party will vote against the government's new austerity measures, which may force Greece into default and is euro negative, (3) concerns the European economy is slowing after the Jun Euro-Zone PMI composite fell -2.2 to 53.6, weaker than expectations and its lowest level of expansion in 20 months, and (4) the plunge in the British pound to a 2-3/4 month low against the dollar after the Jun UK CBI retail-sales index sank to its lowest level in a year. A bearish factor was the larger-than-expected increase in weekly US initial unemployment claims.
  • Aug crude oil prices this morning are trading up +47 cents a barrel and Aug gasoline is -1.12 cents per gallon. Crude oil and gasoline prices yesterday plunged after the IEA announced that it would release crude from strategic reserves: CLQ11 -$4.39, RBQ11 -15.24. Aug crude posted a 4-month low and Aug gasoline fell to a 3-1/4 month low. Bearish factors included (1) the stronger dollar, which reduces investment demand in commodities and prompted fund liquidation of long positions, (2) the action by the IEA to say it will release 60 million bbl of oil into the market to make up for lost Libyan oil production, (3) the larger-than-expected increase in weekly US jobless claims, which signals labor market weakness that may crimp fuel demand, (4) concern the Chinese economy is slowing after the Jun China HSBC PMI manufacturing index fell to an 11-month low, and (5) concern the European debt crisis could worsen and threaten the global economy after ECB President Trichet warned that risk signals for financial stability in the Euro-Zone are flashing "red."
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) CZZ-Cosan Ltd. (BEST earnings consensus $0.25), AMN-Ameron International (0.23).
Global Financial Calendar
Friday 6/24/11
United States
0830 ET May durable goods orders expected +1.5% and +0.9% ex transportation, Apr -3.6% and -1.6% ex transportation.
0830 ET Revised US Q1 GDP expected +1.9% annualized, previous +1.8% annualized. Q1 personal consumption, previous +2.2%. Q1 GDP price index, previous +1.9%. Q1 core PCE deflator, previous +1.4% q/q.
France
0245 ET Jun French consumer confidence indicator expected unchanged at 84, May +1 to 84.
Germany
0400 ET Jun German IFO business climate expected -0.8 to 113.4, May unchanged at 114.2. Jun IFO current assessment expected -0.6 to 120.8, May +0.4 to 121.4. Jun IFO expectations expected -1.1 to 106.3, May -0.3 to 107.4.

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

Starbucks - Barchart Chart of the Day

Barchart.coms Chart of the Day - Starbucks (SBUX)
Related Stocks
SBUX - Starbucks Corp.
Sym Last Chg Pct
SBUX 37.73 +0.45 +1.21%
The "Chart of the Day" is Starbucks (SBUX), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Starbucks on Thursday rallied by 1.21% and posted a new 3-1/2 month high of $37.74. A rally above the 4-1/2 year high of $38.07 posted on March 10 would be a particularly bullish technical signal. In recent news on the stock, UBS on June 22 recommended buying SBUX ahead of its Q3 earnings report and reiterated its Buy rating with a target of $41. Piper Jaffray on June 20 reiterated its Overweight rating and raised its target to $50 from $48. Starbucks, with a market cap of $27 billion, sells coffee and Italian-style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores.

sbux_700_01
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 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: 60% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 88% 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

Thursday, June 23, 2011

Barchart Morning Call 6/23

Barchart Morning Call
Overnight Developments
  • Global stocks are mostly lower with the European Euro Stoxx 50 down -0.93% and Sep S&Ps down -6.70 points. The dollar and Treasuries are stronger and most commodities weakened after ECB President Trichet warned that risk signals for financial stability in the Euro-Zone are flashing "red" as the debt crisis threatens to infect banks. Greek bond yields rose and credit-default swaps to insure Greek government debt climbed after the Financial Times reported that the opposition leader in the Greek parliament said his party will vote against the government's new austerity measures. Also helping to depress stock and commodity prices is the weaker than expected European PMI manufacturing indexes. The Jun German manufacturing PMI slumped -2.8 to a 17-month low of 54.9, the Jun French manufacturing PMI slid -2.4 to a 22-month low of 52.5, while the Jun Euro-Zone PMI composite fell -2.2 to 53.6, weaker than expectations of -0.6 to 55.2, and its lowest level of expansion in 20 months. The British pound tumbled to a 2-1/2 month low against the dollar after the Jun UK CBI retail-sales index sank -20 to -2, weaker than expectations of -5 to 13 and its lowest level in a year.
  • The Asian stock markets today closed mostly lower with Japan down -0.34%, Hong Kong -0.46%, China +1.69%, Taiwan -0.62%, Australia -0.71%, Singapore +0.06%, South Korea -0.51%, India +1.01%. Most Asian stock markets were undercut after the Fed lowered its US growth forecasts along with concern that China will further tighten its monetary policies. The Jun China HSBC PMI manufacturing index, a precursor to the official China PMI manufacturing index to be released Jun 30, fell -1.5 in Jun to 50.1, which is an 11-month low and shows Chinese manufacturing activity barely above the 50.0 level that signals growth. China's Shanghai Stock Index closed higher despite the weak manufacturing data, as construction companies and cement producers rallied after the China Business News reported the government may release a 5-year development plan for the construction machinery industry and said the nation will invest 400 billion yuan ($62 billion) for building 4 hydroelectric dams on a tributary of the Yangtze River.
Overnight U.S. Stock News
  • September S&Ps this morning are trading down -6.70 points. The US stock market yesterday traded with modest gains until early afternoon when it tumbled into the close when the Fed cut its US growth forecasts and Fed Chairman Bernanke gave no indication of any additional stimulus measures: Dow Jones -0.66%, S&P 500 -0.65%, Nasdaq Composite -0.56%. The S&P 500 posted a 2-week high but shed its gains and finished on its low. Bearish factors included (1) concern the European debt crisis may worsen after comments from ECB President Trichet who said the biggest risk to the European banking system emanates from sovereign debt, along with comments from the leader of the Euro-zone finance ministers, Jean-Claude Juncker, who said the Greek crisis has "radically intensified" and risks turning "the entire Euro-Zone on its head," (2) the action by the Fed to lower its US growth and employment forecasts as they cut their growth projection for 2011 for the second time this year to 2.7% to 2.9%, down from an Apr forecast of 3.1% to 3.3%, and raised their Q4 US unemployment forecast for this year to 8.6% to 8.9%, higher than an Apr estimate of 8.4% to 8.7%, and (3) market disappointment that Fed Chairman Bernanke did not indicate any additional stimulus measures, even after he acknowledged the economy had softened.
  • Bullish factors for stocks included (1) the unexpected increase in the Apr FHFA house price index which posted its largest monthly increase in 5-1/2 years (+0.8% versus expectations of -0.3%), (2) the post-FOMC statement in which the Fed said that the slower pace of recovery is "likely to be temporary" with the recovery "to pick up over coming quarters," and (3) comments from Fed Chairman Bernanke who said the Fed can take additional action if the conditions warrant.
Today's Market Focus
  • September 10-year T-notes this morning are up +12 ticks. T-note prices yesterday traded in positive territory most of the day on increased safe-haven demand from the Greek debt crisis along with the Fed's action to cut its US growth and employment forecasts: TYU11 +0.5, FVU11 +1.2, EDZ11 +0.5. Bullish factors included (1) increased safe-haven demand for Treasuries on speculation that despite the vote of confidence for Greek Prime Minister Papandreou, the Greek government will be unable to pass budget cuts to secure loan payments from the EU and IMF, (2) comments from ECB President Trichet who said he sees a stability threat from banks' sovereign-debt links, and (3) the action by the Fed to lower its US growth and employment forecasts as they cut their growth projection for 2011 for the second time this year to 2.7% to 2.9%, down from an Apr forecast of 3.1% to 3.3%, and raised their Q4 US unemployment forecast for this year to 8.6% to 8.9%, higher than an Apr estimate of 8.4% to 8.7%. Bearish factors included (1) the unexpected increase in the Apr FHFA house price index which posted its largest monthly increase in 5-1/2 years (+0.8% versus expectations of -0.3%) and (2) the post-FOMC statement in which the Fed said it will end the $600 billion QE2 asset-purchase program at the end of Jun as scheduled and that the slower pace of recovery is "likely to be temporary" with the recovery "to pick up over coming quarters."
  • The dollar index this morning is higher with the dollar/yen +0.31 yen and the euro/dollar -1.31 cents. The dollar index yesterday rallied after Fed Chairman Bernanke indicated no further stimulus measures and the FOMC said the slower pace of recovery is likely to be temporary: Dollar Index +0.242, USDJPY +0.086, EURUSD -0.00558. Bullish factors included (1) euro negative comments from ECB President Trichet who said the biggest risk to the European banking system emanates from sovereign debt, along with comments from the leader of the Euro-zone finance ministers, Jean-Claude Juncker, who said the Greek crisis has "radically intensified" and risks turning "the entire Euro-Zone on its head," (2) the unexpected increase in the Apr FHFA house price index, which posted its biggest increase in 5-1/2 years and is dollar supportive, and (3) the post-FOMC statement in which the Fed said it will end the $600 billion QE2 asset-purchase program at the end of Jun as scheduled and that the slower pace of recovery is "likely to be temporary" with the recovery "to pick up over coming quarters."Bearish factors included (1) the post-FOMC statement from the Fed that it will keep interest rates low for an "extended period," along with its action to cut its 2011 US growth and employment forecasts, and (2) the unexpected increase in the Jun French business confidence indicator, which is euro supportive.
  • Aug crude oil prices this morning are trading down sharply by -$2.41 a barrel and Aug gasoline is -7.32 cents per gallon. Crude oil and gasoline prices yesterday moved higher after Greek Prime Minister Papandreou won a vote of confidence, which reduced concern that Greece's debt crisis would worsen and after weekly gasoline supplies unexpectedly declined: CLQ11 +$1.24, RBQ11 +9.91. Bullish factors included (1) reduced concern that the European debt crisis will worsen and threaten economic growth after Greek Prime Minister Papandreou won a vote of confidence, and (2) the unexpected fall in weekly DOE gasoline inventories (-464,000 bbl versus expectations of a +1.0 million bbl build). Bearish factors included (1) weakened fuel demand after US gasoline demand in the week ended Jun 17 fell -0.5% to 9.319 million barrels a day, and (2) the larger-than-expected increase in the refinery capacity rate to its highest level in 10 months, which bodes well for future increases in gasoline and distillate products (+3.1 to 89.2% versus expectations of +0.5 to 86.6%).
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) ORCL-Oracle (BEST earnings consensus $0.71), ACN-Accenture (0.90), DFS-Discover Financial Services (0.71), CAG-ConAgra Foods (0.48), MU-Micron Technology (0.16), HRB-H&R Block (2.16), TIBX-Tibco Software (0.18), LEN-Lennar (0.05), MLHR-Herman Miller (0.26), FINL-Finish Line (0.30), RAD-Rite Aid (-0.12).
Global Financial Calendar
Thursday 6/23/11
United States
0830 ET Weekly initial unemployment claims expected +1,000 to 415,000, previous -16,000 to 414,000. Weekly continuing claims expected -5,000 to 3.670 million, previous -21,000 to 3.675 million.
1000 ET May new home sales expected -4.0% to 310,000, Apr +7.3% to 323,000.
1100 ET Treasury announces amounts of 1-year T-bills (previous $24 billion), 2-year T-notes (previous $35 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Jun 27-29.
1300 ET Treasury auctions $7 billion 30-year TIPS.
1630 ET Weekly money supply report and Fed balance sheet.
1900 ET Chicago Fed President Charles Evans gives welcoming remarks at the ?State Budgets Under Stress: Paths to Sustainability? conference at the Chicago Fed.
France
0300 ET Jun French PMI manufacturing expected -0.9 to 54.0, May -2.6 to 54.9.
Germany
0330 ET Jun German PMI manufacturing expected -0.7 to 57.0, May -4.3 to 57.7.
Euro-Zone
0400 ET Jun Euro-Zone PMI composite expected -0.6 to 55.2, May -2.0 to 55.8.
1200 ET ECB President Jean-Claude Trichet speaks as an event in Jerusalem.
United Kingdom
0600 ET Jun UK CBI reported sales expected 13, May 18.
Japan
1950 ET May Japan corporate service price index expected -0.8% y/y, Apr -0.8% y/y.

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

L-3 Communications - Barchart Chart of the Day

Barchart.coms Chart of the Day - L-3 Communications (LLL)
Related Stocks
LLL - L-3 Communications Holdings
Sym Last Chg Pct
LLL 86.21 +3.83 +4.65%
The "Chart of the Day" is L-3 Communications (LLL), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. L-3 on Wednesday rallied by 4.65% and posted a new 13-month high. A rally above Wednesday's high of $87.68 would be a particularly bullish technical development. L-3 rallied on Wednesday on a WSJ story that L-3 may attract buyout interest from private equity investors. In addition, Relational Investors on Wednesday confirmed that it has a 5.98% stake in L-3. L-3 Communications, with a market cap of $8.7 billion, provides secure, high data rate communication systems, microwave components, avionics and ocean systems and telemetry, instrumentation and space products. L-3's products are used to connect a variety of airborne, space, ground-and sea-based communication systems.

lll_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, June 22, 2011

Barchart Morning Call 6/22

Barchart Morning Call
Overnight Developments
  • Global stocks are mixed with the European Euro Stoxx 50 down -0.64% and Sep S&Ps down -4.90 points. The dollar and Treasuries gained while most commodities weakened amid speculation Greek Prime Minister Papandreou will struggle to pass additional austerity measures, even after winning a confidence vote last night. He still needs parliamentary approval next week for a 78 billion-euro ($112 billion) package of budget cuts to stave off default, while European leaders will discuss Greece's needs at a 2-day summit in Brussels starting tomorrow and Euro-Zone finance chiefs will decide on Jul 3 whether Greece has met conditions for the next aid payment. The British pound fell against the dollar after the minutes of the Jun 9 BOE policy meeting revealed some members warned the economy is weakening and further stimulus may be needed. Apr Euro-Zone industrial new orders rose +0.7% m/m and +8.6% y/y, weaker than expectations of +1.0% m/m and +14.0% y/y. Leading losses in European stocks was the 11% plunge in Royal Phillips Electronics NV after the world's biggest maker of patient-monitoring systems forecast "low single-digit" sales growth at its lighting business. Limiting losses was the unexpected increase in the Jun French business confidence indicator which rose +3 to 109, stronger than expectations of -1 to 106.
  • The Asian stock markets today closed mostly higher with Japan up +1.79%, Hong Kong +0.04%, China -0.02%, Taiwan +0.27%, Australia +0.54%, Singapore -0.35%, South Korea +0.77%, India -0.06%. Japanese stocks received a boost after Greek Prime Minister Papandreou won a parliamentary confidence vote with Sony, which gets more than 20% of its sales from Europe, up 3.7%, while Toyota closed 1.1% higher after Deutsche Bank raised its estimate for Toyota's operating profit in the year ending Mar 2012 to 500 billion yen ($6.2 billion) from 461 billion yen. China's 7-day repurchase rate climbed to 8.93%, the highest since Oct 2007, and has more than doubled since Jun 14 when the PBOC raised banks' reserve requirements for a sixth time this year. The hoarding of cash by Chinese banks to meet quarter end loan-to-deposit requirements has prompted the PBOC to suspend a sale of bills tomorrow.
Overnight U.S. Stock News
  • September S&Ps this morning are trading down -4.90 points. The US stock market yesterday rallied as concerns eased that Greece would default on its debt: Dow Jones +0.91%, S&P 500 +1.34%, Nasdaq Composite +2.19%. The S&P 500 and the Dow posted 2-week highs. Bullish factors for stocks included (1) carry-over support from a rally in European stocks on optimism that Greek Prime Minister Papandreou's government will win a confidence vote and avoid a Greek default, (2) strength in homebuilders after the smaller-than-expected decline in May US existing home sales (-3.8% to a 6-month low of 4.81 million, less than expectations of -5.0% to 4.80 million), and (3) comments from Treasury Secretary Geithner who said he sees "a lot of progress" in bipartisan spending and debt talks to cut the deficit and raise he government's borrowing limit.
  • Bearish factors included (1) the warning from the IMF that Spain's efforts to repair its economy are "incomplete" and risks are "considerable," and (2) concern that the larger-than-expected decline in the Jun German ZEW economic sentiment survey to a 29-month low may signal a lack of confidence in the Euro-Zone economy that may drag the global economic outlook lower as well.
  • Adobe Systems (ADBE) fell 2.6% in European trading after the company forecast Q3 profit, before some expenses, of as little as 50 cents a share, below analysts' estimates of 54 cents.
Today's Market Focus
  • September 10-year T-notes this morning are unchanged. T-note prices yesterday traded weaker early on reduced safe-haven demand due to optimism that Greece's government will survive a confidence vote but prices recovered some of their losses and settled well above their worst levels after the IMF cited "considerable" risk in Spain: TYU11 -5.5, FVU11 -1.2, EDZ11 +2.5. Bearish factors included (1) reduced safe-haven demand for Treasuries on speculation that Greek Prime Minister Papandreou's government will win a confidence vote and avoid a Greek default, and (2) the smaller-than-expected decline in May US existing home sales (-3.8% to a 6-month low of 4.81 million, less than expectations of -5.0% to 4.80 million. Bullish factors included (1) increased safe-haven demand for Treasuries after the IMF said in a report that Spain's efforts to repair its economy are "incomplete" and risks are "considerable," and (2) the action by the Fed to purchase $4.909 billion of Treasuries as part of its QE2 asset-purchase program.
  • The dollar index this morning is higher with the dollar/yen -0.02 yen and the euro/dollar -0.27 cents. The dollar index yesterday weakened as the euro gained on optimism that Greek Prime Minister Papandreou will survive a confidence vote along with reduced safe-haven demand for the dollar as the stock market rallied: Dollar Index -0.417, USDJPY -0.048, EURUSD +0.01077. Bearish factors included (1) strength in the euro on speculation that Greek Prime Minister Papandreou will win a confidence vote and avoid a Greek default, and (2) reduced safe-haven demand for the dollar after the S&P 500 rallied to a 2-week high. Bullish factors included (1) the larger-than-expected fall in the Jun German ZEW economic sentiment survey which fell to a 29-month low and is euro negative, and (2) comments from Treasury Secretary Geithner who said he sees "a lot of progress" in bipartisan spending and debt talks to cut the deficit and raise the government's borrowing limit.
  • Aug crude oil prices this morning are trading down -67 cents a barrel and Aug gasoline is +0.28 of a cent per gallon. Crude oil and gasoline prices yesterday settled mixed as a weak dollar and speculation Greece will avoid a default supported crude while expectations for a build in weekly DOE gasoline supplies undercut gasoline: CLQ11 +$0.54, RBQ11 -2.29. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, (2) the rally in the equity market, which boosts confidence in the economic outlook and energy demand, (3) data from China Oil, Gas and Petrochemicals that said China's May crude inventories fell -3.5% m/m, and (4) speculation that Greek Prime Minister Papandreou will win a confidence vote, which may keep Greece from defaulting on its debt and the European debt crisis from worsening. Bearish factors included (1) the outlook for a build in weekly DOE gasoline inventories when they are released on Wed, and (2) the drop in May US existing home sales to a 6-month low, which indicates continued weakness in the US housing sector that may curtail economic growth and energy demand. Expectations for Wednesday?s weekly inventory report from the DOE are for crude stockpiles to fall -1.83 million bbl, gasoline supplies to increase +1.0 million bbl, distillates to rise +525,000 bbl and the refinery capacity rate to gain +0.5 to 86.6%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) FDX-FedEx (BEST earnings consensus $1.72), BBBY-Bed Bath & Beyond (0.62), PAYEX-Paychex (0.33), RHT-Red Hat (0.22), KMX-CarMax (0.47), IHS-IHS Inc. (0.87), RBN-Robbins & Meyers (0.53), SCS-Steelcase (0.05), LFT-Longtop Financial Technologies (0.45), FUL-HB Fuller (0.46), SONC-Sonic (0.18).
Global Financial Calendar
Wednesday 6/22/11
United States
0700 ET Weekly MBA mortgage applications, last market index +13.0% with purchase mortgage sub-index +4.5% and refinancing sun-index +16.0%.
1000 ET Apr FHFA house price index purchase only expected -0.3% m/m, Mar -0.3% m/m.
1230 ET FOMC announces interest rate decision (expected no changed to the 0.00% to 0.25% fed funds rate).
1415 ET Fed Chairman Ben Bernanke speaks at Fed press conference.
France
0245 ET Jun French business confidence indicator expected -1 to 106, May -2 to 107.
United Kingdom
0430 ET BOE releases minutes of the Jun 9 monetary policy meeting.
Euro-Zone
0500 ET Apr Euro-Zone industrial new orders expected +1.0% m/m and +14.0% y/y, Mar -1.6% m/m and +14.3% y/y.
1000 ET Jun Euro-Zone consumer confidence expected -0.6 to -10.4, May +1.8 to -9.8.
1230 ET ECB President Jean-Claude Trichet and BOE Governor Mervyn King speak at a press conference following a meeting of the European Systemic Risk Board.

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

McCormick

Barchart.coms Chart of the Day - McCormick Company (MKC)
Related Stocks
MKC - Mccormick & Company Inc.
Sym Last Chg Pct
MKC 50.49 -0.13 -0.26%
The "Chart of the Day" is McCormick & Company (MKC), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. McCormick on Wednesday rallied by 0.62% and posted a new all-time high of $50.68. In recent news on the stock, Jefferies on June 15 rated McCormick as a "Buy" in new coverage with a price target of $55. Davenport on May 16 raised McCormick to a "Buy" from "Neutral" with a target of $59. McCormick & Company, with a market cap of $6.6 billion, is a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings, flavorings and other specialty food products to the food industry.

mkc_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, June 21, 2011

Barchart Morning Call 6/21

Barchart Morning Call
Overnight Developments
  • Global stocks are higher with the European Euro Stoxx 50 up +0.50% and Sep S&Ps up +4.50 points. The euro and most commodities strengthened on speculation that Greek Prime Minister Papandreou will win a confidence vote later today that will keep Greece from default. Papandreou is struggling to convince Greeks to accept a 78 billion-euro ($112 billion) package of state-asset sales and budget cuts in order to receive additional funds from the EU and the IMF. Fitch Ratings said Greek banks could avoid default in the case of a sovereign-debt rollover if the ECB keeps open their lines of emergency liquidity support. Limiting gains in the euro and European stocks was the -12.1 plunge in Jun German ZEW economic sentiment to -9.0, much weaker than expectations of -6.1 to -3.0 and its lowest level in 29 months.
  • The Asian stock markets today closed higher with Japan up +1.13%, Hong Kong +1.16%, China +1.19%, Taiwan +0.78%, Australia +1.27%, Singapore +1.32%, South Korea +1.61%, India +0.31%. Asian stocks gained as concern eased Greece will default on its debt after the leader of the Euro-Zone finance ministers, Jean-Claude Juncker, said a solution to the crisis will be found. Mining companies and energy producers closed higher after crude oil and metals advanced. Chinese property developers and homebuilders rose after the Shanghai Securities News reported that the National Development and Reform Commission said it will allow local government financing vehicles to sell bonds to fund the construction of affordable housing. South Korea's Kospi Stock Index rallied, led by banks, after Daewoo Securities said the nation's loan growth may improve, while minutes of the Jun 7 RBA monetary policy meeting indicate Australia's monetary policy may remain unchanged for the foreseeable future as the RBA said it will weigh the effects of the European debt crisis against any pickup in domestic growth in making future policy decisions.
Overnight U.S. Stock News
  • September S&Ps this morning are trading up +4.50 points. The US stock market yesterday recovered from early losses and moved higher after the head of the Euro-Zone finance ministers ensured that a solution will be found to spare Greece from default: Dow Jones +0.63%, S&P 500 +0.54%, Nasdaq Composite +0.50%. Bullish factors for stocks included (1) reduced concerns over Greece's debt crisis after comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said he's "convinced" that Greece will do all that is needed in order for it to ensure delivery of financial aid from the EU and the IMF, and (2) cheap valuations for US stocks after the S&P 500 fell to 12.1 times forecasted earnings for the next 12 months, near the cheapest valuation in almost a year.
  • Bearish factors included (1) carry-over weakness from a decline in European stocks after EU leaders at a weekend meeting in Luxembourg failed to agree on a bailout plan for Greece, (2) the action by Goldman Sachs to cut its Q2 GDP estimate for the US to 2% annualized from a previous estimate of 3% annualized, and (3) concern that Tuesday's no confidence vote in Greece will show that Greek Prime Minister Papandreou lacks the support needed to implement the austerity measures necessary for Greece to receive additional aid from the EU and IMF, which could worsen the European debt crisis.
  • Biogen Idec (BIIB) climbed 2.4% in pre-market trading after Deutsche Bank raised its recommendation on the stock to "buy" from "hold."
Today's Market Focus
  • September 10-year T-notes this morning are down -2 ticks. T-note prices yesterday erased an early rally and settled lower on reduced safe-haven demand after Greek Prime Minister Papandreou assured Jean-Claude Juncker, leader of the Euro-Zone finance ministers, that his government would do everything necessary to ensure delivery of financial aid from the EU and IMF: TYU11 -3, FVU11 -2.2, EDZ11 -1.0. Bearish factors included (1) reduced safe-haven demand for Treasuries after Jean-Claude Juncker, head of the Euro-Zone finance ministers, said he's "convinced" that Greece will do all that is needed in order for it to ensure delivery of financial aid from the EU and the IMF, and (2) speculation that the Fed will not signal for additional quantitative easing measures after the conclusion of this week's 2-day FOMC meeting on Wed. Bullish factors included (1) early safe-haven demand for Treasuries after global stock markets slumped when EU leaders at a weekend meeting in Luxembourg failed to agree on a bailout plan for Greece, and (2) the action by the Fed to purchase $4.62 billion of Treasuries as part of its QE2 asset-purchase program.
  • The dollar index this morning is weaker with the dollar/yen -0.08 yen and the euro/dollar +0.58 cents. The dollar index yesterday erased an early rally and settled little changed after comments from the leader of Euro-Zone finance ministers reassured investors a Greek default can be avoided: Dollar Index +0.026, USDJPY +0.212, EURUSD -0.00070. Bearish factors included (1) comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said he's "convinced" that Greece will do all that is needed in order for it to ensure delivery of financial aid from the EU and the IMF, (2) comments from ECB Council member Stark who said "strong vigilance" is warranted to counter inflation risks, which indicates the ECB may raise interest rates again at its next policy meeting in July, and (3) reduced safe-haven demand for the dollar as the stock market rallied. Bullish factors included (1) concern that Tuesday's no confidence vote in Greece will show that Greek Prime Minister Papandreou lacks the support needed to implement the austerity measures necessary for Greece to receive additional aid from the EU and IMF, and (2) weakness in the yen which fell against the dollar after May Japan exports declined more than expected.
  • July crude oil prices this morning are trading up +$1.17 a barrel and July gasoline is +1.90 cents per gallon. Crude oil and gasoline prices yesterday finished mixed after the head of the Euro-Zone finance ministers eased concern over Greece's debt crisis: CLN11 +$0.25, RBN11 -3.45. Jul crude dropped to a 4-month low but recovered its losses and settled higher. Bearish factors included (1) failure by EU leaders at a weekend meeting in Luxembourg to agree on a bailout plan for Greece, which raises concern a default by Greece may stall the European recovery and reduce fuel demand, and (2) the bigger-than-expected decline in May Japan exports, which signals weak economic growth and energy demand. Bullish factors included (1) the statement from the Centre for Global Energy Studies that Saudi Arabia and 3 other Persian Gulf States of OPEC who pledged to increase crude supplies will be "cautious" in raising output to avoid weakening prices, and (2) comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who reduced Greek debt concerns when he said he's "convinced" that Greece will do all that is needed in order for it to ensure delivery of financial aid from the EU and the IMF.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) WAG-Walgreen (BEST earnings consensus $0.63), CCL-Carnival (0.24), ADBE-Adobe Systems (0.51), JEF-Jeffries Group (0.40), JBL-Jabil Circuit (0.57), CMC-Commercial Metals (0.20), BKS-Barnes & Noble (-1.01), AVAV-Aerovironment (0.69), LZB-La-Z-Boy (0.17).
Global Financial Calendar
Tuesday 6/21/11
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET Redbook weekly retailer sales.
0900 ET FOMC begins 2-day monetary policy meeting.
1000 ET May existing home sales expected -5.0% to 4.80 million, Apr -0.8% to 5.05 million.
1300 ET Weekly 4-week T-bill auction.
Japan
0030 ET Apr Japan all industry activity index expected +1.8% m/m, Mar -6.3% m/m.
United Kingdom
0430 ET May UK public sector net borrowing expected +16.5 billion pounds, Apr +7.7 billion pounds.
0600 ET Jun UK CBI trends total orders expected -5, May -2.
Germany
0500 ET Jun German ZEW survey of economic sentiment expected -6.1 to -3.0, May -4.5 to 3.1. Jun ZEW current situation expected -1.5 to 90.0, May +4.4 to 91.5.
Canada
0830 ET May Canada leading indicators expected +0.5% m/m, Apr +0.8% m/m
0830 ET Apr Canada retail sales expected +0.5% and +0.5% less autos, Mar unchanged and -0.1% less autos.

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

United Health Group - Barchart Chart of the Day

Barchart.com's Chart of the Day - Unitedhealth Group (UNH)
Related Stocks
UNH - Unitedhealth Group Inc.
Sym Last Chg Pct
UNH 51.27 +1.31 +2.62%
The "Chart of the Day" is Unitedhealth Group (UNH), which showed up on Monday's Barchart "NYSE 12-month high" list. UNH rallied up to a 3-1/2 year high Monday of $51.65 and finished the day up +2.6%. Trendspotter (tm) has been long UNH for the past 2 weeks at a price of $47.54. In recent news, Credit Suisse raised its price target for UNH to $66. UNH has absolutely crushed earnings estimates the last four quarters and earnings estimates for 2011 and 2012 have been revised up significantly over the last two months. UNH has grown revenues an average of 12% annually over the last five years and is in the bottom half of its five year valuation range based on P/E, P/S, P/B and P/CF. UNH has an A -- rated balance sheet, yields 1.3% in dividends and sells at an approximate PEG of 1. Unitedhealth Group, with a market cap of $54.128 billion offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company's products and services reflect a number of core capabilities, including medical information management, health benefit administration, care coordination, risk assessment and pricing, health benefit design and provider contracting. With these capabilities, it is able to provide comprehensive health care management services through organized health systems and insurance products..
unh_700_01

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. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily Trendspotter(tm) 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

Monday, June 20, 2011

Latest Marketocracy Master results

Barchart Morning Call 6/20

Barchart Morning Call
Overnight Developments
  • Global stocks are mostly lower with the European Euro Stoxx 50 down -0.73% and Sep S&Ps down -6.80 points. The dollar and Treasuries are higher and most commodities lower on concern over a Greek default. Euro-Zone finance misters meeting in Luxembourg pushed Greece to pass laws to cut its deficit and sell state assets, and left open a decision on whether Greece will get the full 12 billion euros ($17 billion) promised for July as part of last year's 110 billion-euro bailout until early next month. Credit-default swaps to insure Greek debt surged to a record ahead of a confidence vote late Tuesday on Greek Prime Minister Papandreou's government. A decline in bank stocks in leading European stocks lower while crude oil tumbled to a 4-month low on speculation a weakening global economy and Greece's debt crisis will lead to reduced fuel demand. On the positive side, May German producer prices were unchanged m/m and +6.1% y/y, weaker than expectations of +0.1% m/m and +6.3% y/y.
  • The Asian stock markets today closed lower with Japan up +0.03%, Hong Kong -0.44%, China -0.60%, Taiwan -1.22%, Australia -0.74%, Singapore +0.28%, South Korea -0.69%, India -2.04%. Asian stocks faltered on concern the Greek debt crisis will crimp demand for the region's exports. Stocks in Japan were also pressured after May Japan exports fell -10.3% y/y, weaker than expectations of a -8.4% y/y decline. China's Shanghai Stock Index slumped to an 8-1/2 month low after Credit Suisse AG said the nation's economy is heading for a "sluggish landing," while Nomura Holdings predicts that China is likely to raise interest rates within the next 10 days to combat rising inflation pressures.
Overnight U.S. Stock News
    Today's Market Focus
    • September 10-year T-notes this morning are up +10 ticks as global stock markets slide. T-note prices last Friday fell on reduced safe-haven demand after German Chancellor Merkel signaled a willingness to compromise with the ECB to prevent a Greek default along with the stronger-than-expected US leading indicators: TYU11 -7.5, FVU11 -3.2, EDZ11 +2.5. Bearish factors included (1) comments from German Chancellor Merkel who said she would compromise on German demands that bondholders shoulder a "substantial" share of the Greek rescue, saying she'll work with the ECB to resolve the crisis, which lifted the stock market and reduced the safe-haven demand for Treasuries, and (2) the stronger-than-expected May US leading indicators (+0.8% versus expectations of +0.3%). Bullish factors included (1) the larger-than-expected decline in the Jun US University of Michigan consumer confidence (-2.5 to 71.8 versus expectations of -0.3 to 74.0), and (2) the action by the IMF to cut its 2011 US growth forecast for the second time in 2 months, to 2.5% from an Apr projection of 2.8%.
    • The dollar index this morning is stronger with the dollar/yen +0.24 yen and the euro/dollar -0.82 cents. The dollar index last Friday weakened after German Chancellor Merkel agreed to a Greek debt compromise: Dollar Index -0.764, USDJPY -0.604, EURUSD +0.01026. Bearish factors included (1) euro strength after German Chancellor Merkel signaled she would compromise on German demands that bondholders shoulder a "substantial" share of the Greek rescue, saying she'll work with the ECB to resolve the crisis, and (2) the weaker-than-expected Jun US University of Michigan consumer confidence. Bullish factors included (1) the stronger-than-expected May US leading indicators, and (2) the warning from former Fed Chairman Greenspan that a Greek default is "almost certain," and could help drive the US into recession, which may boost the safe-haven demand for the dollar.
    • July crude oil prices this morning are trading down -$1.24 a barrel at a 4-month low and July gasoline is -4.09 cents per gallon. Crude oil and gasoline prices last Friday settled lower on concern the European debt crisis may limit economic growth and energy demand along with the weaker-than-expected US consumer confidence an the action by the IMF to cut its US growth forecast for this year: CLN11 -$1.94, RBN11 -0.34. Jul crude slumped to a 3-3/4 month low and Jul gasoline fell to a 3-week low. Bearish factors included (1) doubts that a German willingness to compromise on the Greek debt crisis will settle markets and spur economic growth, (2) the action by the IMF to cut its 2011 US growth forecast to 2.5%, down from an April forecast of 2.8%, (3) data from the API that showed US crude oil inventories increased for the fifth consecutive month in May to 367.6 million bbl, a record for May in data going back to 1980, and (4) the larger-than-expected decline in the Jun University of Michigan consumer confidence. Bullish factors included (1) the weaker dollar and (2) the larger-than-expected increase in May US leading indicators.
    Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) RENN-Renren (BEST earnings consensus -$0.01).
    Global Financial Calendar
    Monday 6/20/11
    United States
    1100 ET USDA weekly grain export inspections.
    1130 ET Weekly 3-mo and 6-mo T-bill auctions.
    1700 ET USDA weekly crop progress report for week ended Jun 19.
    Japan
    0100 ET Revised Apr Japan coincident index CI, previous 103.8. Revised Apr leading index CI, previous 96.4.
    Germany
    0200 ET May German producer prices expected +0.1% m/m and +6.2% y/y, Apr +1.0% m/m and +6.4% y/y.
    Euro-Zone
    0500 ET Q1 Euro-Zone labor costs expected +1.9% y/y, Q4 +1.6% y/y.
    1200 ET ECB Council member Juergen Stark speaks at an event in Munich.

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

    Colgate-Palmolive- Barchart Chart of the Day

    Barchart.com's Chart of the Day - Colgate-Palmolive (CL)
    Related Stocks
    CL - Colgate-Palmolive Company
    Sym Last Chg Pct
    CL 87.88 +1.31 +1.51%
    The "Chart of the Day" is Colgate-Palmolive (CL), which showed up on last Friday's Barchart "NYSE 12-month high" list. CL last Friday posted an all-time high of $88.02 and finished the day up +1.5%. Trendspotter (tm) has been long CL for the past 2 weeks at a price of $83.36. In recent news, the European Union has shown the green flag to Colgate-Palmolive to move ahead with its acquisition of the shower gel and deodorant brand Sanex for $980 million from Unilever Plc. (UL). Zacks Equity Research sees the consumer staples sector as performimg better than the overall market, especially during market declines as these companies are cash rich and can withstand the current economic headwinds. In the most recent quarter, global net sales of Colgate-Palmolive increased 4.5% year over year to $4.0 billion despite a 3% benefit from foreign exchange and a 2% addition from global unit volume, which was offset by a 0.5% decline in pricing. Colgate-Palmolive, with a market cap of $41.928 billion is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition. Colgate sells its products in countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Ajax, Axion, Soupline, Suavitel and Fab, as well as Hill's Science Diet and Hill's Prescription Diet pet foods.
    cl_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. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
    Barchart's Opinion trading systems are mostly a Buy and Barchart's daily Trendspotter(tm) 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