Saturday, August 6, 2011

6 Speculative Stocks I had to sell

You can't stay in a tanking market even when your gut says things will get brighter.  I'm listing 6 stocks that I just had to deleted from the Barchart Van Meerten Speculative portfolio.  The negative price momentum was just too much.  I'll cut my losses and return when the market is trending better.  I think you'll see a common theme here.  All the charts and data are provided by Barchart.

Araid Pharmaceuticals (ARIA)


  • 60% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Down 36.37% off its recent high
  • Relative Strength Index 24.85% and falling
Carbo Ceramics (CRR)


  • 60% Barchart short term sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Down 26.34% from its recent high
  • Relative Strength Index 27.45% and falling
Chico's (CHS)


  • 60% Barchart short term technical sell signal;
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Down 20.18% from its recent high
  • Relative Strength Index 31.74% and falling
Ascena Retail (ASNA)


  • 100% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Down 18.75% from its recent high
  • Relative Strength Index 24.82% and falling
Tractor Supply (TSCO)


  • 60% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Down 18.46% from its recent high
  • Relative Strength Index 30.70% and falling
Oracle (ORCL)

  • 100% Barchart short term techncal sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Down 22.20% from its recent high
  • Relative strength Index 28.56% and falling


I'm selling the losers and will buy again when the Value Line Index ($VLA) begins trending above its 20 day moving averages.


Jim Van Meerten is a Marketocracy Master










Friday, August 5, 2011

4 stocks with sell signals

Below are the 4 stock I deleted from the Barchart Van Meerten New High portfolio for triggering Bachart sell signals based on very poor price momentum.

Praxair (PX)


Barchart technical indicators:
  • 60% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 12.71% off its recent high
  • Relative Strength Index 31.68% and falling 

Sanofi-Aventis (SNY)


Barchart technical indicators:
  • 80% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving average
  • 11.14% off its recent high
  • Relative Strength Index 37.80% and falling
Chevron (CVX)


Barchart technical indicators:
  • 72% Barchart overall technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 10.31% off its recent high
  • Relative Strength Index 35.38% and falling
Capstead Mortgage (CMO)


Barchart technical indicators:
  • 100% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 11.90% off its recent high
  • Relative Strength Index 29.83% and falling
Jim Van Meerten is a Marketocracy Master






How to play this market

I know a lot of you are wondering how you should react to this market.  Having no plan is not a plan. Have a plan and have the discipline to work that plan.

First I'd like to divide you into 3 groups: 20-45 year olds,  46 - 65 year olds and the best for last those of you who have already accumulated the portfolio you expect to support you for the rest of your life and legacy.

The group that should not be experiencing any panic, in fact you should be jumping for joy is the 20-45 year old group.  Volatile and declining markets are your friends.  Study dollar cost averaging and how it works for you in your accumulation phase.  I'm going on the assumption you have read 2 great writings: The richest man in Babylon and The Millionaire Next Door.  In both these writings we find that those people who had a sound savings and investment plan ended up with the biggest estates in the end.

You should be funding your 401Ks and IRAs to the fullest extend and invest very aggressively.  You should have a swing for the fence portfolio.  Small and micro caps, emerging markets, stocks that have the next great ideas or fastest growing sales.  Hopefully your stocks will grow and eventually turn a profit.  You can take calculated chances.

Notice I said calculated.  Don't just throw money against the wall to see what sticks.  Look for fast growing companies.  Many business and investing magazines have annual articles about America's fastest growing companies or the best 10 ideas for the future.  Find those opportunities or find quality mutual funds that are known for finding those opportunities for their investors.  Time and growth are on your side.

The next group 45 - 65 is a very conflicted group.  Most of you are thinking about the impending retirement looming out  in the future at the exact same time you children are the most in need of your funds for private school, cars, travel, colleges and weddings.  Do you save for yourself or spend on your kids?  You must budget and not fore go your retirement contributions.

Your portfolio although still looking for growth should be looking for better stability.  Start weighting toward companies that have a high correlation of sales, earnings and price growth persistence.  Stop losses should be your friends.  Although no one is an expert at market timing stop losses can help protect your profits and buy stops can help you get back in at the right prices.

The last group and the group I'm in are those who have already accumulated the portfolio that will fund the rest of our lives and be the estates we will leave our heirs.

You cannot fore go growth for income.  Most 65 year old men will live another 20 years and the woman might live another 25 to 30 years.  Invest the way you did when you were in your 40s and 50s but have tighter stop looses and the decision to be in cash in a down market isn't bad.

A balanced portfolio of large, mid, small and micro caps plus real estate, high income securities and gold to protect against recession or inflation are a must.  You have years to live and need growth as much as you need income.  Your portfolio should be designed to have growth that exceeds both inflation and taxes and that is too hard to accomplish if you are only invested in income securities.

Now is the time to make your own individual plan and use this market as a opportunity to prune out the investments that do not fit your plan and look to acquire those investments that are needed to secure your portfolio.

Most of all don't panic and sit on the side line like a deer in the head lights or dump all your investments like Chicken Little.  The sky is not falling and tomorrow will be a brighter day.  Be ready with a plan that will allow you to seize the new opportunities that will come your way and at the same time protect what you've already accumulated.


Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/5

Barchart Morning Call
Overnight Developments
  • Global stocks are lower with the European Euro Stoxx 50 down -1.83% at a 2-year low and Sep S&Ps down -3.50 points at an 8-month low. The rout in world equity and commodity markets continues as crude oil slid to an 8-1/2 month low and copper fell to a 5-week low. The euro rebounded from a 2-week low against the dollar and pushed higher as Spanish and Italian bonds rallied on speculation EU leaders may take more action to stem the European debt crisis. Bund and Treasury yields rebounded from 9-1/2 month lows ahead of this morning's US payrolls report and after the ECB bought Portuguese and Irish government bonds for the second straight day. Royal Bank of Scotland Group Plc plunged 8% and is leading European bank stocks lower after it reported a first-half net loss of 1.4 billion pounds ($2.3 billion), wider than analysts' estimates of a 571 million-pound loss. Jun German industrial production unexpectedly declined and has helped to keep stock prices under pressure as it fell -1.1% m/m, weaker than expectations of a +0.1% m/m gain, while Jun UK producer prices rose +5.9% y/y, stronger than expectations of +5.8% and the biggest annual increase in 2-1/2 years as food and clothes costs surged.
  • The Asian stock markets today closed lower with Japan down -3.72%, China -2.12%, Australia -4.00%, South Korea -3.69%, India -2.19%. Asian stocks tumbled on concern the world economy is weakening and demand will dwindle for Asian exports. Sony, which earns half of its revenue in the US and Europe, closed 5% lower, Toyota Motor, the world's largest carmaker, slumped 3.2%, while BHP Billiton, the world's biggest global mining company and Australia's biggest oil producer, sank 4.8% as commodity prices plunged. Australian stocks also sank after the RBA slashed its 2011 economic growth forecast for Australia to 2.0% from its previous estimate of 3.25%.
Overnight U.S. Stock News
  • September S&Ps this morning are trading down -3.50 points ahead of the Jul US payrolls report. The US stock market plunged yesterday and settled sharply lower as concern over an economic slowdown intensified along with concern the European debt crisis may worsen: Dow Jones -4.31%, S&P 500 -4.78%, Nasdaq Composite -5.08%. The S&P 500 sank to an 8-month low, the Dow dropped to a 7-month low and the Nasdaq fell to a 5-week low. Bearish factors included (1) carry-over weakness from a sell-off in European stocks after the ECB extended its existing emergency liquidity measures through the end of the year, which bolstered concern that the European debt crisis may be worse than feared, (2) the action by JPMorgan Chase to cut its Q3 US GDP forecast to 1.5% from 2.5%, citing a slowdown in consumer spending, (3) weakness in energy and raw-material producers as dollar strength and demand concerns prompted a broad-based decline in most commodities, and (4) the fall in big money-center global banks such as Citigroup, JPMorgan Chase and Bank of America on concern their exposure to European debt will cut into profits as write-downs and loan losses increase.
  • Bullish factors included (1) the unexpected decline in weekly initial unemployment claims which fell to a 4-month low (-1,000 to 400,000 versus expectations of +7,000 to 405,000) and (2) the fall in the 10-year T-note yield to a 9-1/2 month low of 2.439%.
  • Exxon Mobile (XOM) lost 2.3% and Chevron (CVX) is down 2.6% in European trading after crude oil tumbled to an 8-1/2 month low in overnight trade.
  • JPMorgan Chase (JPM) is off by 2.4% and Bank of America (BAC) dropped 3.7% in pre-market trading as US bank stocks folow their European counterparts lower.
Today's Market Focus
  • September 10-year T-notes this morning are trading up +3 ticks. T-note prices yesterday rallied sharply up to a 2-1/2 year nearest-futures high and settled higher for the sixth consecutive session on speculation a slow down of the US economy along with contagion of the European debt crisis will prompt the Fed to take additional steps to bolster growth: TYU11 +30.5, FVU11 +16, EDZ11 +7.5. The 10-year T-note yield dropped to a 9-1/2 month low of 2.439%. Bullish factors included (1) increased safe-haven demand for Treasuries after the S&P 500 sank to an 8-month low along with concern the European debt crisis may be worse than expected after the ECB extended its existing emergency liquidity measures through the end of the year and (2) speculation that continued economic weakness will prompt the Fed to implement additional quantitative easing or "QE 3." Bearish factors included (1) the unexpected decline in weekly initial unemployment claims which fell to a 4-month low (-1,000 to 400,000 versus expectations of +7,000 to 405,000) and (2) long liquidation pressures ahead of Friday's monthly payrolls report.
  • The dollar index this morning is weaker with the dollar/yen -0.40 and the euro/dollar +0.73 cents. The dollar index yesterday rallied sharply to a 2-week high and settled higher after the ECB extended its liquidity measure through the end of the year and the BOJ intervened in the forex market to weaken the yen: Dollar Index +1.080, USDJPY +1.809, EURUSD -0.02308. Bullish factors included (1) weakness in the yen which fell to a 3-week low against the dollar after the BOJ intervened in the currency market to weaken the yen and expanded its asset-purchase fund to 15 trillion yen ($189 billion) from 10 trillion yen and expanded a credit facility by 5 trillion yen to 35 trillion yen, (2) weakness in the euro which slipped to a 2-week low against the dollar as contagion of the European sovereign-debt crisis prompted the ECB to lend European banks as much money as they need for 6 months and extended its existing emergency liquidity measures through the end of the year, and (3) the plunge in the S&P 500 to an 8-month low, which increased the safe-haven demand for the dollar. Bearish factors included (1) comments from ECB President Trichet who said the financial situation in the Euro-Zone is better than that of the US and Japan and (2) the unexpected increase in Jun German factory orders, which is euro supportive.
  • Sep crude oil prices this morning are down -70 cents a barrel at an 8-1/2 month low and Sep gasoline is up +3.47 cents per gallon. Sep crude oil and gasoline prices yesterday settled lower for a fourth day after the dollar strengthened and concern intensified that the economy is slowing, which prompted a massive liquidation of most long commodity positions: CLU11 -$5.30, RBU11 -19.31. Sep crude sank to a 5-1/2 month low and Sep gasoline dropped to a 5-month low. Bearish factors included (1) the rally in the dollar index to a 2-week high, which discourages investment demand in commodities, (2) the plunge in the S&P 500 Stock Index to an 8-month low, which reduces confidence in the economic outlook and energy demand, and (3) concern that energy demand will weaken as recent data point to an economic slowdown. Bullish factors included (1) the unexpected decline in weekly US jobless claims to a 4-month low, which may boost consumer confidence as layoffs subside and lead to increased fuel demand and (2) the unexpected increase in Jun German factory orders, which suggests economic strength in Europe's largest economy that may boost energy demand.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): BRK-Berkshire Hathaway (BEST earnings consensus $1,620.00), PG-Procter & Gamble (0.82), VIA-Viacom (0.86), EOG-EOG Resources (0.79), PPL-PPL Corp. (0.44), AES-AES Corp. (0.27), HFC-HollyFrontier Corp. (3.22), WIN-Windstream (0.19), WTW-Weight Watchers (1.12), BPL-Buckeye Partners LP (0.83), SUG-Southern Union (0.39), WCRX-Warner Chilcott PLC (0.89), DRC-Dresser-Rand Group (0.46), WPO-Washington Post (5.87), CTCM-CTC Media (0.24), Y-Alleghany (2.75).
Global Financial Calendar
Friday 8/5/11
United States
0830 ET Jul nonfarm payrolls expected +85,000, Jun +18,000. Jul private payrolls (ex-government) expected +113,000, Jun +57,000. Jul unemployment rate expected unchanged at 9.2%, Jun +0.1 to 9.2%. Jul manufacturing payrolls expected +10,000, Jun +6,000. Jul avg hourly earnings all employees expected +0.2% m/m and +1.9% y/y, Jun unchanged m/m and +1.9% y/y. Jul avg weekly hours all employees expected unchanged at 34.3 hours, Jun -0.1 to 34.3 hours.
1500 ET Jun consumer credit expected +$5.0 billion, May +$5.077 billion.
Japan
0100 ET Jun Japan coincident index CI expected 108.7, May 106.3. Jun leading index CI expected 103.4, May 99.6.
United Kingdom
0430 ET Jul UK PPI input prices expected +0.7% m/m and +18.7% y/y, Jun +0.4% m/m and +17.0% y/y.
0430 ET Jul UK PPI output prices expected+0.2% m/m and +5.8% y/y, Jun +0.1% m/m and +5.7% y/y. Jul PPI output core prices expected +0.2% m/m and +3.2% y/y, Jun +0.2% m/m and +3.2% y/y.
Germany
0600 ET Jun German industrial production expected +0.1% m/m and +8.1% y/y, May +1.2% m/m and +7.6% y/y.
France
0245 ET France Jun trade balance expected -6.5 billion euros, May -7.422 billion euros.
Canada
0700 ET Jul Canada net change in employment expected +15,000, Jun +28,400. Jul unemployment rate expected unchanged at 7.4%, Jun unchanged at 7.4%.
0830 ET Jun Canada building permits expected -5.5% m/m, May +20.9% m/m.
1000 ET Jul Ivey purchasing managers index (sa) expected +2.1 to 62.0, Jun 59.9.

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

Nature's Sunshine Products - NATR - Barchart Chart of the Day

Barchart.coms Chart of the Day - Natures Sunshine (NATR)
Related Stocks
NATR - Nature's Sunshine Products
Sym Last Chg Pct
NATR 19.55 -0.05 -0.26%
The "Chart of the Day" is Nature's Sunshine (NATR), which showed up on Thursday's Barchart 52-week high list. NATR on Thursday rallied to an all-time high but fell back to settle slightly lower by -0.26%. A rally above Thursday's high of $21.16 would be a renewed bullish technical signal. TrendSpotter is currently in a neutral mode with today's upside trigger point at $19.97 and the downside trigger point at $16.37. In recent news on the stock, NATR on Wednesday reported Q2 EPS of 36 cents, well above the consensus of 26 cents. Nature's Sunshine, with a market cap of $250 million, sells herbal products, high quality natural vitamins, and other complementary products.

natr_700_01
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
Barchart's Opinion trading systems are mostly a "Buy" and Barchart's daily TrendSpotter trading system is a "Hold." 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: Hold
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 75% Buy
  • Long-Term Indicators: 67% Buy
  • Overall Average 72% Buy


Barchart links for further information:

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Quote
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Technicals Summary
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Company Info
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Income Statement-Quarterly
Income Statement-Annual
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Balance Sheet-Annual


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

Thursday, August 4, 2011

RTI Biologics buy signals

I have added RTI Biologics (RTIX) to the Barchart Van Meerten New High portfolio for Barchart buy signals and very favorable price momentum


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 22.18% in the last month
  • Relative Strength Index is 71.84% and rising
  • Trades about 3.46 with a 50 day moving average of 2.98
  • Barchart calculates its support level at 3.40
Jim Van Meerten is a Marketocracy Master

Exact Sciences -- sell signals

Yesterday I deleted Exact Sciences (EXAS) from the Barchart Van Meerten Speculative portfolio for Barchart sell signals and negative price momentum.


Barchart technical indicators:
  • 60% Barchart short term technical sell signals
  • Trend Spotter sell signals
  • Below its 20, 50 and 100 day moving averages
  • 20.74% off its recent high
  • Relative Strength Index 36.35% and falling
Jim Van Meerten is a Marketocracy Master

OSI Systems - OSIS - deleted

Yesterday I deleted OSI Systems (OSIS) from the Barchart Van Meerten New High portfolio for sell signals on Barchart and negative price momentum.


Barchart technical indicators:
  • 60% Barchart short term technical sell signals
  • Trend Spotter sell signals
  • Below 20, 50 and 100 day moving averages
  • 13.89% off its recent high
  • Relative Strength Index 33.76% and falling
  • Trading around 38.99 which is below its 50 day moving average
Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/4

Barchart Morning Call
Overnight Developments
  • Global stocks are mixed with the European Euro Stoxx 50 down -0.44% and Sep S&Ps down -9.90 points. The dollar is higher and most commodities are lower, with crude oil falling to a fresh 5-week low and copper sliding to a 4-week low. As expected, the BOE kept its benchmark interest rate at 0.50% and maintained its asset purchase plan at 200 billion pounds following its monetary policy meeting. The euro and credit-default swaps to insure European government bonds fell on speculation that ECB President Trichet may signal measures to halt contagion from the sovereign debt crisis when he speaks later today following the monthly ECB monetary policy meeting. Helping to limit declines in European stocks was the unexpected increase in Jun German factory orders for a third month as they climbed +1.8% m/m and +9.5% y/y, stronger than expectations of -0.5% m/m and +6.7% y/y.
  • The Asian stock markets today closed mixed with Japan up +0.23%, China +0.18%, Australia -1.30%, South Korea -2.34%, India -1.38%. The yen tumbled to a 3-week low against the dollar and helped Japanese stocks close higher after the BOJ intervened in the currency market to sell the yen and also increased its liquidity measures to help the economy. The BOJ expanded its asset-purchase fund to 15 trillion yen ($189 billion) from 10 trillion yen and expanded a credit facility by 5 trillion yen to 35 trillion yen. Japan's unilateral move to sell the yen follows efforts by the Swiss central bank yesterday to curb gains in the Swiss franc. The recent sell-off in global equity markets had prompted investors to the relative safety of the two currencies, which strengthened the currencies to abnormal levels and threatened to damage their export competitiveness.
Overnight U.S. Stock News
  • September S&Ps this morning are trading down -9.90 points. The US stock market yesterday erased an early rally on the larger-than-expected increase in Jul ADP employment and headed lower after the Jul ISM non-manufacturing index unexpectedly weakened, but stocks recovered from their losses and settled higher after former Fed Vice Chairman Kohn said the Fed may consider a new round of quantitative easing: Dow Jones +0.25%, S&P 500 +0.50%, Nasdaq Composite +0.89%. The S&P 500 plunged to a 7-1/2 month low, the Dow slumped to a 4-1/2 month low and the Nasdaq fell to a 5-week low, but they all recovered and closed higher. Bullish factors included (1) the larger-than-expected increase in the Jul ADP employment change (+114,000 versus expectations of +100,000), (2) a WSJ report that stated Former Fed Vice Chairman Kohn said the Fed will consider implementation of QE3 if inflation slows and the economy continues to under perform, (3) relatively cheap valuations as the S&P 500 traded at 13.6 times reported earnings, the cheapest level in 13 months, and (4) the fall in the 10-year T-note yield to an 8-3/4 month low of 2.545%.
  • Bearish factors included (1) carry-over weakness from a plunge in European stocks which sank to a 13-month low on concern the European debt crisis may worsen after credit-default swaps to insure the government debts of France, Italy and Spain all climbed to records, (2) additional signs that the US economy is slowing after the unexpected decline in the Jul ISM non-manufacturing index which dropped to its lowest level in 1-1/2 years (-0.6 to 52.7 versus expectations of +0.2 to 53.5), (3) weakness in energy producers after crude oil tumbled to a 5-week low, and (4) the warning from Moody's Investors Service that the US is still at risk of losing its top credit rating.
Today's Market Focus
  • September 10-year T-notes this morning are trading up +4.5 ticks. T-note prices yesterday posted an 8-3/4 month nearest-futures high and closed higher for the fifth consecutive session on concern the economy is slowing after the Jul ISM non-manufacturing index unexpectedly declined: TYU11 +26, FVU11 +12, EDZ11 -3.5. The 10-year T-note yield dropped to an 8-3/4 month low of 2.545%. Bullish factors included (1) the unexpected decline in the Jul ISM non-manufacturing index which dropped to its lowest level in 1-1/2 years (-0.6 to 52.7 versus expectations of +0.2 to 53.5) and (2) increased safe-haven demand for Treasuries after the S&P 500 fell to a 7-1/2 month low along with concern the European debt crisis may worsen after credit-default swaps to insure the government debts of France, Italy and Spain all climbed to records. Bearish factors included (1) the larger-than-excepted increase in the Jul ADP employment change (+114,000 versus expectations of +100,000), (2) the warning from Moody's Investors Service that the US is still at risk of losing its top credit rating, which may dampen foreign demand for US debt, and (3) the late-day rebound in stock prices which diminished the safe-haven demand for Treasuries.
  • The dollar index this morning is higher with the dollar/yen +2.78 yen at a 3-week high and the euro/dollar -0.78 cents. The dollar index yesterday settled lower on signs the US economy is slowing along with the action by Moody's to place the US credit rating on a negative outlook: Dollar Index -0.469, USDJPY -0.090, EURUSD +0.01202. Bearish factors included (1) the unexpected slide in the Jul ISM non-manufacturing index to its lowest level in 1-1/2 years, which may prompt the Fed into additional emergency stimulus measures that would further weaken the dollar's interest rate differentials, (2) the warning from Moody's Investors Service that the US is still at risk of losing its top credit rating, and (3) the stronger-than-expected Jun Euro-Zone retail sales, which is euro supportive. Bullish factors included (1) concern the European debt crisis may worsen after credit-default swaps to insure the government debts of France, Italy and Spain all climbed to records and (2) increased safe-haven demand for the dollar after the S&P 500 plunged to a 7-1/2 month low.
  • Sep crude oil prices this morning are down -90 cents a barrel at a 5-week low and Sep gasoline is -3.63 cents per gallon at a 1-month low. Sep crude oil and gasoline prices yesterday closed lower for a third day on economic concerns along with a decrease in gasoline demand and a larger than expected build in weekly gasoline supplies: CLU11 -$1.86, RBU11 -10.60. Sep crude tumbled to a 5-week low and Sep gasoline dropped to a 4-week low. Bearish factors included (1) the unexpected decline in the Jul ISM non-manufacturing index to a 1-1/2 year low, which signals a slowdown in economic growth and energy demand, (2) the larger-than-expected increase in weekly DOE gasoline stockpiles which climbed to their highest level since Apr 1 (+1.70 million bbl to 215.2 million bbl versus expectations of +250,000 bbl), (3) slack demand after US gasoline demand measured on a 4-week average was down -3.6% from a year earlier, and (4) the plunge in the S&P 500 Stock Index to a 7-1/2 month low, which reduces confidence in the economic outlook and energy demand. Bullish factors included (1) the weaker dollar, which encourages investment demand for commodities, (2) the smaller-than-expected increase in weekly crude oil inventories (+950,000 bbl versus expectations of +1.5 million bbl), and (3) the first increase in three months in the Jul China non-manufacturing index, which may keep demand strong in the world's second-largest crude oil consuming country.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): KFT-Kraft Foods (BEST earnings consensus $0.58), AIG-American Interantional Group (0.98), CVS-CVS Caremark (0.64), APA-Apache (3.13), GM-General Motors (1.20), DTV-DirecTV (0.85), PCLN-Priceline.com (4.85), PSA-Public Storage (0.76), PCG-PG&E Corp. (1.02), DISCA-Discovery Communications (0.61), ED-Consolidated Edison (0.53), EP-El Paso (0.24), VTR-Ventas (0.35), CAH-Cardinal Health (0.58), PGN-Progress Energy (0.64), CI-Cigna (1.29), FLR-Fluor (0.81).
Global Financial Calendar
Thursday 8/4/11
United States
0830 ET Weekly initial unemployment claims expected +7,000 to 405,000, previous -24,000 to 398,000. Weekly continuing claims expected -3,000 to 3.700 million, previous -17,000 to 3.703 million.
1030 ET Jul ICSC chain store sales, Jun +6.9% y/y.
1630 ET Weekly money supply report and Fed balance sheet.
Germany
0600 ET Jun German factory orders expected -0.5% m/m and +6.7% y/y, May +1.8% m/m and +12.2% y/y.
United Kingdom
0700 ET BOE announces interest rate decision and asset purchase target (expected no change to the 0.50% benchmark rate and no change to the 200 billion pound asset purchase target).
Euro-Zone
0745 ET ECB announces interest rate decision (expected no change to the 1.50% 2-week refinancing rate).
0830 ET ECB President Jean-Claude Trichet speaks at monthly news conference.

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

Peet's Coffee and Tea - PEET - Barchart Chart of the Day

Barchart.com's Chart of the Day - Peet's Coffee & Tea (PEET)
Related Stocks
PEET - Peet's Coffee & Tea
Sym Last Chg Pct
PEET 63.30 +3.16 +5.25%
The "Chart of the Day" is Peet's Coffee & Tea (PEET), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Peet's on Wednesday rallied by 5.25% and also showed up on Barchart's "All Time High" list by posting a new all-time high of $63.48. In recent news on the stock, Peet's on Tuesday reported Q2 EPS of 38 cents versus the consensus of 32 cents. On Wednesday, Stifel Nicolaus reiterated its Buy rating and raised its target to $72 from $60, although Dougherty on the same day downgraded Peet's to Neutral from Buy. Peet's Coffee & Tea (PEET), with a market cap of $760 million, sells its fresh roasted coffee, hand selected tea and related items in several distribution channels, including specialty grocery and gourmet food stores, online and mail order, office and restaurant accounts and company-owned stores in four states.

peet_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 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: 75% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% 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, August 3, 2011

Barchart Morning Call 8/3

Barchart Morning Call
Overnight Developments
  • Global stocks are mixed with the European Euro Stoxx 50 down -0.47% at a 13-month low although Sep S&Ps are up +7.00 points. The dollar and most commodities weakened, with Sep crude falling to a 5-week low and Sep copper declining to a 3-week low on economic growth concerns, while Aug gold surged to yet another record high of $1.672.30 an ounce. The Swiss central bank unexpectedly cut interest rates and said it will increase the supply of francs to money markets to curb the "massively overvalued" currency. The franc dropped from a record after the SNB lowered its target for the 3-month Libor to "as close to zero as possible" from 0.25% and said it will expand banks' sight deposits to 80 billion Swiss francs ($103 billion) from 30 billion francs and repurchase outstanding SNB bills. The euro strengthened against the dollar even as cost of credit-default swaps to insure the government debts of Spain, Italy and France all climbed to records. The dollar index weakened after Moody's Investors Service warned the US is still at risk of losing its top credit rating. The Euro Stoxx 50 Stock Index recovered from a 13-month low after Jun Euro-Zone retail sales rose +0.9% m/m and fell -0.4% y/y, stronger than expectations of +0.5% m/m and -1.0% y/y. Another positive factor for stocks was the upward revision to the Jul Euro-Zone PMI composite to 51.1 from the originally reported 50.8.
  • The Asian stock markets today closed lower with Japan down -2.11%, China -0.05%, Australia -2.27%, South Korea -2.76%, India -0.94%. Most Asian stock markets closed lower after an unexpected drop in US consumer spending raised concern that US economic growth is faltering and will harm Asian exporters. China's Shanghai Stock Index nearly recovered all of its losses and finished just slightly lower after the Jul China non-manufacturing PMI index rose +2.6 to 59.6, its first increase in 3 months, which eases concern that China's policies to rein in consumer and property prices will trigger a deeper economic slowdown.
Overnight U.S. Stock News
  • September S&Ps this morning are trading up +7.00 points on short-covering after yesterday's plunge. The US stock market yesterday sold-off sharply the entire day and finished on its low due to signs the US economy is in jeopardy after Jun US personal spending declined for the first time in 22 months along with concern that the European debt crisis may worsen: Dow Jones -2.19%, S&P 500 -2.56%, Nasdaq Composite -2.75%. The S&P 500 sank to a 4-1/2 month low, the Dow slumped to a 1-1/2 month low and the Nasdaq slipped to a 1-month low. Bearish factors included (1) carry-over weakness from a plunge in European stocks which sank to an 11-month low on concern the European debt crisis may worsen after credit-default swaps to insure the government debts of France, Italy and Spain all climbed to records, (2) additional signs that the US economy is slowing after Jun US personal spending unexpectedly fell for the first time in 22 months (-0.2% versus expectations of +0.1%), (3) the smaller-than-expected increase in Jun US personal income (+0.1% versus expectations of +0.2%), and (4) concern that credit-rating agencies will still downgrade the credit rating of the US despite a hike in the debt ceiling.
  • Bullish factors included (1) the action by Congress to approve a deal to raise the US debt ceiling, (2) reduced inflation fears after the smaller-than-expected increase in the Jun PCE core deflator (+0.1% m/m and +1.3% y/y versus expectations of +0.2% m/m and +1.4% y/y), and (3) the plunge in the 10-year T-note yield to an 8-3/4 month low of 2.601%.
  • CBS Corp. (CBS) rallied 1.6% in pre-market trading after the company reported Q2 earnings of 58 cents a share, well ahead of analysts' estimates of 46 cents a share.
Today's Market Focus
  • September 10-year T-notes this morning are trading down -0.5 of a tick. T-note prices yesterday rallied to an 8-1/2 month nearest-futures high and closed higher for the fourth consecutive session on increased safe-haven demand after the stock market tumbled along with concerns the economy is slowing after US personal spending unexpectedly fell in Jun: TYU11 +26, FVU11 +12, EDZ11 -3.5. The 10-year T-note yield dropped to an 8-3/4 month low of 2.601%. Bullish factors included (1) the unexpected decline in Jun US personal spending which fell for the first time in 22 months (-0.2% versus expectations of +0.1%), (2) the smaller-than-expected increase in the Jun PCE core deflator (+0.1% m/m and +1.3% y/y versus expectations of +0.2% m/m and +1.4% y/y), (3) the smaller-than-expected increase in Jun US personal income (+0.1% versus expectations of +0.2%), and (4) increased safe-haven demand for Treasuries after the S&P 500 tumbled to a 4-1/2 month low. Bearish factors included (1) the action by Congress to approve a deal to raise the US debt ceiling, which temporarily reduces the safe-haven demand for Treasuries and (2) concern that credit-rating agencies will still downgrade the credit rating of the US despite a hike in the debt ceiling.
  • The dollar index this morning is lower with the dollar/yen -0.05 yen and the euro/dollar +0.10 cents. The dollar index yesterday posted a 1-1/2 week high and closed higher on increased safe-haven demand as the stock market slumped along with concerns that Europe's debt crisis may worsen: Dollar Index +0.251, USDJPY -0.058, EURUSD -0.00473. Bullish factors included (1) weakness in the euro which fell to a 1-1/2 week low against the dollar on concern the European debt crisis may worsen after credit-default swaps to insure the government debts of France, Italy and Spain all climbed to records and (2) increased safe-haven demand for the dollar after the equity market plunged. Bearish factors included (1) the unexpected decline in Jun US personal spending, which suggests an economic slowdown that may prompt the Fed into additional easing measures which would weaken the dollar's interest rate differentials further and (2) speculation that an agreement by Congress to raise the debt ceiling and cut spending will weigh on US economic growth.
  • Sep crude oil prices this morning are down -47 cents a barrel at a 5-week low and Sep gasoline is -3.43 cents per gallon. Sep crude oil and gasoline prices yesterday moved lower as the dollar strengthened along with concerns of an economic slowdown after Jun US personal spending declined for the first time in 22 months: CLU11 -$1.10, RBU11 -1.67. Bearish factors included (1) the rally in the dollar index to a 1-1/2 week high, which reduces investment demand for commodities, (2) the unexpected decline in US Jun personal spending, which suggests an economic slowdown that may dampen energy demand, and (3) the outlook for an increase in weekly crude supplies when the DOE releases its inventory figures on Wed. Expectations for Wednesday's inventory report from the DOE are for crude oil stockpiles to rise +1.5 million bbl, gasoline supplies to gain +250,000 bbl, distillate inventories to increase +1.5 million bbl and the refinery capacity rate to remain unchanged at 88.3%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CMCSA-Comcast (BEST earnings consensus $0.40), MA-Mastercard (4.23), TWX-Time Warner (0.56), DVN-Devon Energy (1.53), PRU-Prudential Financial (1.55), AGN-Allergan (0.95), CTL-CenturyLink (0.67), RIG-Transocean Ltd. (0.80), WMB-Williams Cos. (0.39), SE-Spectra Energy (0.40), PEG-Public Service Enterprise Group (0.55), MMC-Marsh & McLennan (0.48), ATVI-Activision Blizzard (0.05), CLR-Continental Resources (0.61), PXD-Pioneer Natural Resources (0.81), ETP-Energy Transfer Partners LP (0.30).
Global Financial Calendar
Wednesday 8/3/11
United States
0700 ET Weekly MBA mortgage applications, previous -5.0% with purchase sub-index -3.8% and refi sub-index -5.5%.
0730 ET Jul Challenger job cuts, Jun +5.3% y/y.
0815 ET Jul ADP employment change expected +100,000, Jun +157,000.
0900 ET Treasury announces amounts of 3-year T-notes (previous $32 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned during the Treasury?s quarterly refunding Aug 9-11.
1000 ET Jul ISM non-manufacturing index expected +0.2 to 53.5, Jun -1.3 to 53.3.
1000 ET Jun factory orders expected -0.8%, May +0.8%.
France
0315 ET Revised Jul PMI services expected unrevised at 54.2.
Germany
0355 ET Revised Jul German PMI services expected unrevised at 52.9.
Euro-Zone
0400 ET Revised Jul Euro-Zone PMI composite expected unrevised at 50.8.
0500 ET Jun Euro-Zone retail sales expected +0.5% m/m and -1.0% y/y, May -1.0% m/m and -1.7% y/y.
United Kingdom
0430 ET Jul UK PMI services expected -0.7 to 53.2, Jun +0.1 to 53.9.

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

McGraw - Hill - MHP - Barchart Chart of the day

Barchart.coms Chart of the Day - McGraw-Hill (MHP)
Related Stocks
MHP - Mcgraw-Hill Companies
Sym Last Chg Pct
MHP 44.43 +3.02 +7.29%
The "Chart of the Day" is McGraw-Hill Companies (MHP), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. McGraw-Hill on Tuesday rallied by 7.29% and posted a new 3-1/2 year high. In recent news on the stock, McGraw-Hill on Tuesday reiterated that is conducting a strategic portfolio review following news that JANA Partners, the investment manager on behalf of the Ontario Teachers' Pension Plan Board, has acquired 5.2% of the stock and is seeking discussions with the company about ways to increase shareholder value. McGraw-Hill on June 28 reported Q2 EPS of 68 cents versus the consensus of 66 cents and said it sees FY11 EPS at the top end of $2.79-2.89 guidance. McGraw-Hill, with a market cap of $12.7 billion, is a large multimedia publishing and information company, employing a broad range of media, including books, magazines, newsletters, software, on-line data services, CD-ROMs, facsimile and television broadcasting.

mhp_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 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: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% 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, August 2, 2011

Deckers get a big UGG from me

A few years ago my teenage daughter told me she wanted UGGs for Christmas.  I spent days going from store to store to find them.  Since then I've noticed many teenagers in shorts and even bathing suits wearing these clunky looking boots.  My Teva sandals are my favorite footwear and lots of people must agree.  Deckers Outdoor (DECK) knows how to design and distribute creative foot wear that are worn by both young and old and their stock deserves your attention too.  Based on  its recent price momentum investors think so too.

Deckers Outdoor Corporation (DECK) engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use. It offers casual open and closed-toe outdoor footwear, as well as additional outdoor performance footwear, including multi-sport shoes, light hiking shoes, amphibious footwear, and rugged outdoor travel shoes; and sheepskin footwear, sustainable footwear, and sandals under various styles for men, women, and kids. I personally have purchased UGGs and Tevas for my family.

Let's look at the factors you should consider to see if this stock is right for your portfolio.

Barchart technical indicators:
  • 100% Barchart technical buy indicators
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 14.35% in the last month
  • Relative Strength Index 69.37% and rising
  • Trades around 102.93 which is above its 50 day moving average of 88.90
  • Barchart calculates a support level at 99.19
Fundamental factors:
  • Wall Street brokerage analysts consider this a growth opportunity and have published 6 strong buy, 4 buy and 3 hold recommendation on this issue
  • Sales are projected to increase by 23.00% this year and another 16.30% next year
  • Earning increases are estimated to be 15.10% this year, 18.10% next year and continue to grow by 26.00% annually for the next 5 years
General investor sentiment:
  • Individual investors as measured on Motley Fool like this stock.  The 774 readers who expressed an opinion vote 84% that the stock will beat the market
  • The more experienced All Stars are even more optimistic with a 91% vote for the same result
Summary: My standard advice is to have a portfolio that contains stocks with double digit projections for growth in sales and earnings that are currently experiencing positive price momentum and Decker Outdoor (DECK) sure delivers on all 3.   As consumers start to return to the mall this stock should receive more that its share of their discretionary spending, especially among the youth market.

Charts and technical data provided by Barchart.


Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/2

Barchart Morning Call
Overnight Developments
  • Global stocks are trading weaker with the European Euro Stoxx 50 down -0.63% at an 11-month low and Sep S&Ps down -5.70 points. The dollar index rose to a 1-1/2 week high and the 10-year T-note yield fell to an 8-1/2 month low on signs US economic growth is slowing. The Senate later today will vote on a debt-limit compromise that already passed the House yesterday by a 269-161 vote margin, which raises the national debt ceiling enough to fund the government until 2013 and threatens automatic spending cuts to enforce a goal of cutting $2.4 trillion over the next decade. Commodities fell and the euro dropped to a 1-1/2 week low against the dollar after credit-default swaps to insure the government debts of France, Italy and Spain all climbed to records. Jun Euro-Zone producer prices were unchanged m/m, slightly weaker than expectations of +0.1% m/m, which helped German bund prices climb and the 10-year German bund yield to fall to an 8-1/2 month low of 2.394%.
  • The Asian stock markets today closed lower with Japan down -1.21%, China -0.72%, Australia -1.43%, South Korea -2.46%, India -1.12%. The weaker than expected Jul ISM manufacturing report that showed US manufacturing activity slowed to a 2-year low dampened the outlook for Asian exporters and help drive Asian stocks lower today. Chinese stocks were also undercut after the Xinhua News Agency website said the PBOC may boost borrowing costs around Aug 10, a day after inflation figures are due to be released. India's Sensitive Stock Index tumbled after RBI Governor Subbarao said further interest rate increases will be necessary to tame inflation, which raised concern that corporate earnings growth will slow. The Australian dollar weakened against the US dollar after the RBA kept its overnight cash rate unchanged at 4.75% as RBA Governor Stevens cited "the acute sense of uncertainty" in financial markets as a key factor for inaction.
Overnight U.S. Stock News
  • September S&Ps this morning are trading down -5.70 points. The US stock market yesterday rallied early on speculation that US lawmakers will raise the debt ceiling, but shed its gains and finished lower after US manufacturing growth slipped to a 2-year low in July: Dow Jones -0.09%, S&P 500 -0.41%, Nasdaq Composite -0.43%. The S&P 50 and the Dow tumbled to 1-month lows and the Nasdaq fell to a 2-week low. Bearish factors included (1) concern the economy is slowing after the Jul ISM manufacturing index fell more than expected to its slowest pace in 2 years (-4.4 to 50.9 versus expectations of -0.8 to 54.5), (2) weakness in health-care companies after Medicare announced an 11.1% rate cut for next year for nursing-home providers, and (3) concern that credit-rating agencies will still downgrade the credit rating of the US despite a hike in the debt ceiling.
  • Bullish factors included (1) an early rally in stocks on optimism congressional leaders will agree on a deal to raise the US debt ceiling, (2) reduced concerns over a slowdown in the Chinese economy after the Jul China PMI manufacturing index fell less than expected (-0.2 to 50.7 versus expectations of -0.7 to 50.2), (3) the stronger than expected Jun construction spending along with the upward revision to May (Jun +0.2% versus expectations of +0.1% and May revised up to a gain of +0.3% from a previously reported decline of -0.6%), and (4) reduced price pressures after the larger-than-expected decline in the Jul ISM prices paid sub-index to its slowest pace of growth in a year (-9.0 to 59.0 versus expectations of -4.0 to 64.0).
  • NYSE Euronext (NYX) slipped 2.2% in European trading after the US exchange company planning to be bought by Deutsche Boerse AG reported that Q2 net income fell -16% to $154 million as revenue from European derivatives and US equity trading declined.
Today's Market Focus
  • September 10-year T-notes this morning are trading up +14 ticks and at an 8-1/2 month nearest-futures high as global equity markets slide. T-note prices yesterday rallied sharply and closed higher after US manufacturing growth slowed to a 2-year low in July: TYU11 +14.5, FVU11 +7.5, EDZ11 +1.5. The 10-year T-note yield tumbled to an 8-1/2 month low of 2.716%. Bullish factors included (1) the larger-than-expected decline in the Jul ISM manufacturing index (-4.4 to a 2-year low of 50.9 versus expectations of -0.8 to 54.5), (2) the larger-than-expected decline in the Jul ISM prices paid sub-index to its slowest pace of growth in a year (-9.0 to 59.0 versus expectations of -4.0 to 64.0), and (3) increased safe-haven demand for Treasuries after the stock market plunged. Bearish factors included (1) President Obama's statement that congressional leaders had approved a deal to raise the US debt ceiling, which temporarily reduces the safe-haven demand for Treasuries and (2) concern that credit-rating agencies will still downgrade the credit rating of the US despite a hike in the debt ceiling.
  • The dollar index this morning is higher and at a 1-1/2 week high with the dollar/yen +0.22 yen and the euro/dollar -0.55 cents. The dollar index yesterday recovered from early losses and rallied to a 1-week high and settled higher after President Obama said congressional leaders had approved a deal to raise the US debt ceiling: Dollar Index +0.365, USDJPY +0.413, EURUSD -0.01476. Bullish factors included (1) the statement from President Obama that congressional leaders had approved a deal to raise the US debt ceiling, (2) weakness in the British pound which fell to a 1-week low against the dollar after the Jul UK PMI manufacturing index contracted at its slowest level in 2 years, and (3) comments from Japanese Finance Minister Noda who said he's watching currency markets "closely," which prompted the yen to weaken from a 4-1/2 month high against the dollar on fears of currency intervention by Japan to curb the yen's strength. Bearish factors included (1) the larger-than-expected drop in the Jul ISM manufacturing index which slid to its slowest level in 2 years and fueled speculation the Fed may increase its emergency stimulus measures and (2) concern that the US will still face a credit downgrade from ratings agencies even with an increase in the debt ceiling.
  • Sep crude oil prices this morning are down -64 cents a barrel and Sep gasoline is -0.96 of a cent per gallon. Sep crude oil and gasoline prices yesterday rallied early after President Obama said congressional leaders approved a deal to raise the US debt ceiling, but gave up their gains and turned lower after US factory growth in July fell to its slowest pace in 2 years: CLU11 -$0.81, RBU11 -0.39. Sep crude fell to a 1-month low and Sep gasoline rallied to a 2-3/4 month high but erased its gains and closed lower. Bearish factors included (1) the rally in the dollar index to a 1-week high, which reduces investment demand for commodities, (2) the larger-than-expected decline in the Jul ISM manufacturing index which slowed to its slowest pace in 2-years and signals reduced energy consumption, and (3) increased OPEC output as OPEC production in July rose by 245,000 barrels a day from Jun to 29.565 million barrels a day, the most since December 2008. Bullish factors included (1) an early rally after President Obama said that congressional leaders had reached a deal to raise the US debt ceiling, which boosts the prospects for economic growth and energy demand and (2) the stronger-than-expected Jul China PMI manufacturing index.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): PFE-Pfizer (BEST earnings consensus $0.59), EMR-Emerson Electric (0.90), SCCO-Southern Copper (0.75), BEN-Franklin Resources (2.17), DUK-Duke Energy (0.31), MRO-Marathon Oil (1.16), CTSH-Cognizant Technology Solutions (0.69), AMT-American Tower (0.23), ADM-Archer-Daniels-Midland (0.85), COH-Coach (0.65), FE-FirstEnergy (0.72), CBS-CBS Corp. (0.46), BDX-Becton Dickinson (1.43), GGP-General Growth Properties (0.03), HCP-HCP Inc. (0.53), PH-Parker Hannifin (1.80), NYX-NYSE Euronext (0.60).
Global Financial Calendar
Tuesday 8/2/11
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET Jun personal spending expected +0.1%, May unchanged (annual revisions will be released). Jun personal income expected +0.2%, May +0.3%. Jun PCE deflator expected +2.6% y/y, May +2,5% y/y. Jun PCE core deflator expected +0.2% m/m and +1.4% y/y, May +0.3% m/m and +1.2% y/y.
0855 ET Redbook weekly retailer sales.
1130 ET Weekly 4-week T-bill auction.
1700 ET Jul total vehicle sales expected 11.80 million, Jun 11.41 million. Jul domestic vehicle sales expected 9.25 million, Jun 8.95 million.
United Kingdom
0430 ET Jul UK PMI construction expected -0.5 to 53.1, Jun -0.4 to 53.6.
Euro-Zone
0500 ET Jun Euro-Zone PPI expected +0.1% m/m and +5.9% y/y, May -0.2% m/m and +6.2% y/y.
CHI
2100 ET Jul China non-manufacturing PMI, Jun -4.9 to 57.0.

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

Deckers Outdoor - DECK - Barchart Chart of the Day

Barchart.coms Chart of the Day - Deckers Outdoor (DECK)
Related Stocks
DECK - Deckers Outdoor Corp.
Sym Last Chg Pct
DECK 101.81 +2.56 +2.58%
The "Chart of the Day" is Deckers Outdoor (DECK), which showed up on Monday's Barchart "All Time High" list. DECK rallied by 2.58% on Monday, extending last Friday's rally and posting a new all-time high of $101.87. TrendSpotter has been Long on DECK since July 5 at $90.75. In recent news on the stock, Jefferies last Friday reiterated its Buy rating on Deckers, raised its target to $125 from $105, and said the stock should be bought aggressively because of positive Q2 results and very conservative guidance. Deckers last Thursday (July 28) reported Q2 EPS at -19 cents versus the consensus of -23 cents and said Q3 revenue should increase about 38%. RBC Capital on July 22 reiterated its Outperform rating and said DECK should be bought at current levels due to an attractive fall product line and due to expectations that sales and earnings will accelerate in 2H11. Deckers Outdoor, with a market cap of $3.6 billion, sells footwear and apparel developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.

deck_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
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

Monday, August 1, 2011

Zoll Medical is getting Wall Street notice

A stock that has received recent notice on Wall Street is Zoll Medical (ZOLL) which designs, manufactures and markets an integrated line of proprietary, noninvasive cardiac resuscitation devices, external pacemaker/defibrillators, disposable electrodes, mobile ECG Systems, and EMS data management solutions.  The recent price momentum has been a result of upgrades in the projections for sales and earnings.


Chart and data provided by Barchart

Barchart technical indicators of recent price momentum:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above it's 20, 50 and 100 day moving averages
  • 4 new highs and up 20.06% in the last month
  • Relative Strength Index is 74.72% and rising
  • Trades around 69.00 which is above its 50 day moving average of 57.45
  • Barchart calculates a 61.99 support level
Fundamental factors to consider:
  • Wall Street brokerage analysts have recently discovered this S&P 600 stock and released 6 strong buy, 1 buy and 1 hold recommendations to their clients based on double digit projections for sales and earnings increases
  • Sales are projected to increase by 14.20% this year and another 15.30% next year
  • Earnings are forecast to increase by 46.00% this year, 37.00% next year and continue to increase by 32.50% annually for the next 5 years
Summary:  Whether you like large or small cap stocks your portfolio should prosper if it contains stocks having double digit projections for sales and earnings increases.  Zoll Medical (ZOLL) has products that are increasingly popular with both EMTs and emergency rooms across the US.  Europe and Asia are beginning to buy their products so growth in sales looks secure.  Good products, aggressive sales and earning forecasts, recent interest by both professional and individual investors means that this stock deserves a place on your watch lists.

Other articles:  Why GE should be on your watch lists

Jim Van Meerten is a Marketocracy Master


Barchart Morning Call 8/1

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are trading higher on the debt ceiling agreement with the Euro Stoxx 50 up 0.14% and with Sep S&Ps up 0.71%. Asian stocks today closed higher across the board with Japan up 1.34%, Hong Kong up 0.99%, China up 0.19%, Taiwan up 0.66%, Australia up 1.65%, Singapore up 0.82%, South Korea up 1.89%, and Bombay up 0.64%. The House and Senate still need to approve the debt ceiling increase today. The market response has been muted to the debt ceiling agreement because there is still a chance that either the House or Senate might not have the votes to approve the plan and because the markets are waiting to see if there is going to be a downgrade of the U.S. credit rating as a result of the debt ceiling debacle and the fact that the debt ceiling plan only involves $2.5 trillion in deficit cuts, less than a $4 trillion figure mentioned by S&P.
Overnight U.S. Stock News
  • September S&Ps this morning are trading up 9.10 points (+0.71%) on the debt ceiling agreement. The stock market last Friday closed moderately lower due to the surprisingly weak GDP report of +1.3% (Q1 revised to +0.4% from +1.9%) and concerns that the debt ceiling might not be raised by the Aug 2 deadline: Dow Industrials -0.79%, S&P 500 -0.65%, Nasdaq Composite -0.36%.
Today's Market Focus
  • September 10-year T-notes this morning are trading up 4 ticks in the wake of the debt ceiling agreement as the market holds the ground gained on last Friday's much weaker than expected US GDP report. T-note prices on Friday closed sharply higher on the combination of the weak GDP report and on fears about the economic fallout from the debt ceiling debacle: TYU11 +1-06, FVU11 +24.25, EDZ11 -0.005.
  • The dollar index this morning is trading higher by +0.13 with EURUSD down 0.64 cents and USDJPY up 0.01 yen. The dollar index last Friday closed moderately lower mainly because of the weak GDP report, which further undercut the dollar's interest rate differentials with the market not expecting the Fed's first rate hike until May 2013: Dollar Index -0.325, USDJPY -0.91, EURUSD +0.0064.
  • Sep crude oil prices this morning are trading sharply higher on the debt ceiling agreement and hopes for stronger fuel demand: CLU1 +2.29, RBU1 +6.51 cents. Sep crude oil prices last Friday closed sharply lower because of fears of weaker fuel demand in light of the weak U.S. GDP report and the economic fallout from the debt ceiling debacle: CLU11 -1.74, RBU11 -0.0059. Production in the Gulf of Mexico will quickly return to normal this week after Tropical Storm Don hit the Texas last Friday and caused about 7% of crude oil production in the Gulf to temporarily shut down.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): Vornado Realty (BEST earnings consensus $0.32), Loews (0.74), Boston Properties (0.38), Allstate (-1.58), Humana (2.09), Principal Financial (0.72), CNA (0.44), Herbalife (0.75).
Global Financial Calendar
Monday 8/1/11
United States
1000 ET Jun construction spending expected +0.1%, May -0.6% m/m.
1000 ET Jul ISM manufacturing index expected -0.8 to 54.5, Jun +1.8 to 55.3. Jul ISM prices paid expected -4.0 to 64.0, Jun -8.5 to 68.0.
1100 ET USDA weekly grain export inspections.
1130 ET Weekly 3-mo and 6-mo and monthly 1-year T-bill auctions.
1700 ET USDA weekly crop progress report for week ended Jul 31.
2400 ET Treasury?s deadline for hitting the debt ceiling and having no additional borrowing authority.
Japan
0100 ET Jul Japan vehicle sales, Jun -23.3% y/y.
2130 ET Jun Japan labor cash earnings, May +1.0% y/y.
France
0350 ET Revised Jul French PMI manufacturing expected unrevised at 50.1.
Germany
0355 ET Revised Jul German PMI manufacturing expected unrevised at 52.1.
United Kingdom
0430 ET Jul UK PMI manufacturing expected -0.3 to 51.0, Jun -0.7 to 51.3.
Euro-Zone
0500 ET Jun Euro-Zone unemployment rate expected unchanged at 9.9%, May unchanged at 9.9%.
Canada
n/a Canadian markets and government offices closed for Civic Holiday.

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