Saturday, November 19, 2011

Concord Medical Services - CCM - deleted

At the beginning of the week I began acquiring shares of Concord Medical Services (CCM) but later in the week it turned so I am not cancelling my outstanding orders and deleting my present position in the Barchart Van Meerten Speculative portfolio:


Barchart technical indicators:
  • 72% Barchart technical sell signal
  • Trend Spotter sell signal
  • 56.65% off its one year high
  • Relative Strength Index 40.95% and falling

Telecom Corp of New Zealand

This week I deleted Telecom Corp of New Zealand (NZT) from the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:

  • 88% Barchart technical sell signal
  • Trend Spotter sell signal
  • 19.79% off its 1 year high
  • Relative Strength Index 32.83% and falling

Friday, November 18, 2011

Barchart Morning Call 11/18

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 down -0.28% and Dec S&Ps up +8.10 points. The dollar and Treasuries are weaker, while the euro and most commodities gained after the yields on Italian and Spanish government bonds fell when the ECB bought both nations? debt. Losses in bank stock led European shares lower as the cost for European banks to fund in dollars rose for a fifth day. The 3-month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, increased to 130.5 bp below the euro interbank offered rate, the most expensive since Dec 2008. ECB President Draghi pushed back against calls by some European leaders for the ECB to increase its quantitative easing measures, saying the ECB will quickly lose credibility it departs from its primary role of keeping prices stable. Draghi said "We should not be waiting any longer" for European government leaders' pledges to bolster the region's rescue fund. ECB Executive Board member Gonzalez-Paramo told reporters in Madrid that it's not the ECB's role to act as a lender of last resort to governments, while fellow ECB member and Bundesbank President Weidmann said in a speech today that the ECB can't be asked to solve the sovereign debt crisis just because governments have so far failed. These comments suggest the ECB is unwilling to make large-scale bond purchases to help stem the debt crisis.
  • Asian stocks today closed lower with Japan down -1.23%, China -2.09%, Australia -1.91%, South Korea -2.11%, India -0.55%. Asian stocks closed lower after rising bond yields in Spain stoked contagion concerns of the European debt crisis. Weakness in Chinese bank stocks led losses in China's Shanghai Stock Index after the China Banking Regulatory Commission said that lenders should cut "high-risk" loans to developers as it warned that some projects backed by local governments may run out of funds and loans to property developers may sour as sales slow. Japanese stocks finished in the red as exporters tumbled after the yen climbed to a 2-1/2 week high against the dollar.
Overnight U.S. Stock News
  • December S&Ps this morning are trading up +8.10 points. The US stock market yesterday fluctuated between gains and losses early but accelerated lower late morning and settled with moderate losses as European debt concerns offset stronger-than-expected U.S. economic data: Dow Jones -1.13%, S&P 500 -1.68%, Nasdaq Composite -1.96%. The S&P 500 fell to a 4-week low, the Dow slid to a 2-week low and the Nasdaq sank to a 1-1/4 month low. Bearish factors included (1) concern the European debt crisis will worsen after the weakest demand for a Spanish 10-year bond auction in 3 years pushed yields on Spanish government debt to euro-era highs, (2) a report from Reuters that a Euro-Zone official said there are no plans for aid to Italy from the European Financial Stability Facility, (3) the unexpected decline in the Nov Philadelphia Fed manufacturing index (-5.1 to 3.6 versus expectations of +0.3 to 9.0), and (4) weakness in technology stocks due to a slump in Applied Materials, the largest producer of chipmaking equipment, after it forecast weaker-than-estimated Q1 sales and profits.
  • Bullish factors included (1) the unexpected declines in weekly initial U.S. unemployment claims to a 7-month low and in weekly continuing claims to a 3-year low (initial claims -5,000 to 388,000 versus expectations of +5,000 to 395,000 and weekly continuing claims -57,000 to 3.608 million, better than expectations of +18,000 to 3.633 million), (2) the smaller-than-expected decline in Oct housing starts (-0.3% to 628,000 versus expectations of -7.3% to 610,000), and (3) the larger-than-expected increase in Oct building permits which climbed to their best level in 19 months (+10.9% to 653,000 versus expectations of +2.4% to 603,000).
Today's Market Focus
  • December 10-year T-notes this morning are down -13 ticks. T-note prices yesterday rallied to a 1-week high and settled higher on increased safe-haven demand as the stock market tumbled on concern over contagion of the European debt crisis: TYZ11 +10.5, FVZ11 +4.0, EDH12 -5.5. Bullish factors included (1) increased safe-haven demand for Treasuries after the weakest demand for a Spanish 10-year bond auction in 3 years pushed yields on Spanish government debt to euro-era highs and sent European and U.S. stocks tumbling, (2) the unexpected decline in the Nov Philadelphia Fed manufacturing index (-5.1 to 3.6 versus expectations of +0.3 to 9.0), and (3) comments from New York Fed President Dudley who said the U.S. recovery is "persistently weaker than expected" and that the Fed is "not out of ammunition" and could pursue new asset buying. Bearish factors included (1) the unexpected declines in weekly initial U.S. unemployment claims to a 7-month low and in weekly continuing claims to a 3-year low (initial claims -5,000 to 388,000 versus expectations of +5,000 to 395,000 and weekly continuing claims -57,000 to 3.608 million, better than expectations of +18,000 to 3.633 million), (2) the smaller-than-expected decline in Oct housing starts (-0.3% to 628,000 versus expectations of -7.3% to 610,000), (3) the larger-than-expected increase in Oct building permits which climbed to their best level in 19 months (+10.9% to 653,000 versus expectations of +2.4% to 603,000), (4) the action by the ECB to purchase Italian government bonds, which led to a drop in Italian bond yields and reduced European debt concerns, and (5) reduced safe-haven demand for Treasuries after the report from Reuters that said ECB officials discussed lending to the IMF so that it has enough assets to sufficiently fund additional bailouts of indebted Euro-Zone countries.
  • The dollar index this morning is lower with the dollar/yen -0.34 yen and the euro/dollar +1.33 cents. The dollar index yesterday climbed to a 1-1/4 month high and finished higher as the euro fell on concern the European debt crisis may worsen: Dollar Index +0.144 USDJPY +0.027, EURUSD -0.00761. Bullish factors included (1) increased safe-haven demand for dollars after weak demand at a 10-year Spanish bond auction pushed yields on Spanish government securities to euro-era record highs and sent stocks reeling, (2) the increase in dollar funding costs for European banks after the 3-month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, widened to 132 bp below the euro interbank offered rate, the most expensive since Dec 2008, and (3) the unexpected drop in weekly U.S. initial unemployment claims to their lowest level in 7 months, which signals economic strength and is dollar supportive. Bearish factors included (1) reduced European debt concerns as the euro rebounded from a 1-1/4 month low after Italian government bond yields fell when the ECB purchased Italian government bonds, and (2) strength in the British pound which rebounded from a 3-week low against the dollar and settled higher after Oct U.K. retail sales unexpectedly rose.
  • Dec crude oil prices this morning are up +81 cents a barrel and Dec gasoline is +2.72 cents per gallon. Crude oil and gasoline prices yesterday retreated on concern that contagion of the European sovereign-debt crisis will stymie global economic growth along with weaker-than-expected U.S. manufacturing data: CLZ11 -$3.77, RBZ11 -12.02. Bearish factors included (1) concern the European debt crisis is spreading to Spain after the yield on Spain's 10-year note rose to a euro-era record, (2) the larger-than-expected fall in U.K. consumer confidence to its lowest level since data began in 2004, which may lead to reduced consumer spending and fuel demand, and (3) the unexpected decline in the Nov Philadelphia Fed manufacturing index, which indicates reduced fuel consumption. Bullish factors included (1) the weaker dollar, which boosts investment demand for commodities, and (2) the unexpected slide in weekly initial U.S. unemployment claims to their lowest level in 7 months, which signals economic strength that is positive for energy demand.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): HNZ-HJ Heinz (BEST earnings consensus $0.80), SIRO-Sirona Dental Systems (0.61), WGL-WGL Holdings (-0.35), GAME-Shanda Games Ltd. (0.19), ANN-ANN Inc. (0.57), HIBB-Hibbett Sports (0.51), CYBX-Cyberonics (0.30), CATO-Cato Corp. (0.34).
Global Financial Calendar
Friday 11/18/11
United States
0815 ET New York Fed President William Dudley speaks on the regional and national economic outlook to the University of Albany and regional leaders.
1000 ET Oct leading indicators expected +0.6%, Sep +0.2%.
1315 ET Dallas Fed President Richard Fisher speaks to the Texas Tech Alumni Association about ?Federal Reserve Functions and the Texas Economy.?
1350 ET San Francisco Fed President John Williams speaks on ?Recovering from Crisis: The Role of Financial Markets? at the central bank of Chile?s Summit Meeting of Central Banks in Santiago, Chile.
Japan
0030 ET Oct Japan nationwide department store sales, Sep -2.4% y/y.
Germany
0200 ET Oct German producer prices expected +0.1% m/m and +5.3% y/y, Sep +0.3% m/m and +5.5% y/y.
Euro-Zone
0415 ET ECB Council member Juan Gonzalez-Paramo speaks at an event in Madrid.
Canada
0700 ET Oct Canada CPI expected +0.1% m/m and +2.8% y/y, Sep +0.2% m/m and +3.2% y/y.
0700 ET Oct Bank of Canada core CPI expected +0.1% m/m and +1.9% y/y, Sep +0.5% m/m and +2.2% y/y.
0830 ET Oct Canada leading indicators expected +0.1%, Sep -0.1%.

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Kirkland's - KIRK - Barchart Chart of the Day

Barchart.com's Chart of the Day - Kirkland's (KIRK)
Related Stocks
KIRK - Kirkland's
Sym Last Chg Pct
KIRK 13.41 +0.33 +2.52%
The "Chart of the Day" is Kirkland's (KIRK), which showed up on Thursday's "Top Signals" list. Kirkland on Wednesday rallied by 2.52% and posted a new 6-month high of $13.48. TrendSpotter has been Long since Oct 10 at $10.20. In recent news on the stock, Piper Jaffray on Nov 4 upgraded Kirkland's to Overweight from Neutral and raised its target to $16 from $10 due to valuation and a strong free cash flow outlook. Kirkland's, with a market cap of $260 million, is a specialty retailer of home decor in the United States.

kirk_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Signals - Top 100 Stocks" list. The Top 100 Stocks ranks stocks by a combination of their overall opinion, signal strength and signal direction to come up with a list of the top 100 stocks by opinion. Each analytic used within the signals is rated by signal strength and direction. The strengths are allocated 10, 20, 30, 40 or 50 points; the directions are allocated 1, 2, 3, 4 or 5 points. This gives a maximum of 55 points per signal. The totals are added up depending on buy, sell and hold rating and ranked 1 to 100 for the top 100 bullish stocks and the top 100 bearish stocks. The signal strength and signal direction ratings are available from the advanced opinion pages. Signal strength and signal direction are independent of the signals rating.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • 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:

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Quote
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Income Statement-Quarterly
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Thursday, November 17, 2011

Oceaneering International -- OII - Barchart Chart of the Day

Barchart.coms Chart of the Day - Oceaneering International (OII)
Related Stocks
OII - Oceaneering International

Sym Last Chg Pct
OII 45.35 -0.15 -0.33%
The "Chart of the Day" is Oceaneering International (OII), which showed up on Wednesday's Barchart "NYSE 12-Month High" list. Oceaneering on Wednesday rallied by 1.20% and posted a new all-time high of $46.28. TrendSpotter has been Long since Oct 18 at $42.36. Oceaneering on Oct 26 reported Q3 EPS of 72 cents, well above the consensus of 53 cents. Oceaneering International, with a market cap of $4.7 billion, provides engineered services and hardware to customers who operate in marine, space and other harsh environments.

oii_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.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • 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

Barchart Morning Call 11/25

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mostly lower with the Euro Stoxx 50 down -1.71% and Dec S&Ps down -9.10 points. European debt concerns continue to dominate the global landscape as the euro slid to a 5-week low against the dollar after the yield on Spain's 10-year note rose 34 bp to 6.75%, a euro-era record, when demand weakened for Spain's auction of 3.56 billion of a 4 billion-euro maximum of 10-year bonds. Spain sold the new 10-year benchmark at an average yield of 6.975%, the most since the introduction of the euro in 1999; while the bid-to-cover ratio for the auction was 1.54 times the amount sold, lower than the 1.76 bid-to-cover at a similar sale last month and the weakest in 3 years. The euro recouped its losses and was little changed after the ECB bought Spanish and Italian bonds today. A drop in bank stocks led European shares lower as the cost for European banks to fund in dollars rose for a fourth day. The 3-month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, increased to 124 bp below the euro interbank offered rate, the most since Dec 2008.
  • Asian stocks today closed mixed with Japan up +0.19%, China -0.30%, Australia +0.25%, South Korea +1.08%, India -1.87%. Asian stocks fluctuated between gains and losses as energy and raw material producers rallied after crude oil climbed over $100 a barrel to a 5-1/2 month high, while Chinese stocks declined after the PBOC said prices haven't stabilized enough to loosen monetary policy. China, the largest holder of U.S. debt, increased its Treasury holdings by +$20.7 billion in Sep, as it raised its total long-term holdings to $1.14 trillion as the ever-widening European debt crisis helped fuel a push for safer assets.
Overnight U.S. Stock News
  • December S&Ps this morning are trading down -9.10 points. The US stock market yesterday traded lower early as ongoing European sovereign-debt concerns overshadowed better-than-expected U.S. economic data, but comments from Boston Fed President Rosengren briefly pulled stocks higher mid-day but they plunged into the close when Fitch Ratings warned that further contagion from Europe's debt crisis poses a risk to U.S. banks: Dow Jones -1.58%, S&P 500 -1.66%, Nasdaq Composite -1.73%. Bearish factors included (1) concern the European debt crisis will be a drag on global growth after the BOE cut its 2011 and 2012 GDP forecasts for the U.K. and warned that a failure of European officials to end the debt crisis could lead to "significant adverse effects" on the global economy, (2) comments from European Commission President Barroso who said the Euro-Zone is facing a "truly systemic crisis" and that there is "no way out of the crisis" without economic growth in Europe, (3) concerns over the European banking system after the 3-month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, widened to 122.5 bp less than the euro interbank offered rate, the most expensive cost since Dec 2008, and (4) the late-day slide in financial and bank stocks after Fitch Ratings warned that U.S. banks face a "serious risk" that their creditworthiness will deteriorate if Europe's debt crisis worsens.
  • Bullish factors included (1) benign price pressures after the Oct CPI unexpectedly posted its first monthly decline in 4 months (-0.1% m/m and +3.5% y/y versus expectations of unchanged m/m and +3.7% y/y), (2) he stronger-than-expected Oct industrial production (+0.7% versus expectations of +0.4%), (3) the bigger-than-expected increase in Oct capacity utilization which climbed to its highest level in 3-1/4 years (+0.5 to 77.8% versus expectations of +0.1 to 77.4%), (4) the unexpected increase in the Nov NAHB housing market index which rose to a 1-1/2 year high (+0.3 to 20 versus expectations of unchanged at 18), and (5) comments from Boston Fed President Rosengren who said the European debt crisis might warrant coordinated action by the ECB and the Fed.
  • Applied Materials (AMAT) fell 2.5% in pre-market trading after the largest producer of chipmaking equipment forecast Q1 profit before certain costs of 8 cents to 16 cents and revenue of $1.85 billion, weaker than analysts' estimates of 18 cents profit on sales of $2.07 billion.
Today's Market Focus
  • December 10-year T-notes this morning are up +11.5 ticks. T-note prices yesterday moved higher on safe-haven demand from the European debt crisis, benign inflation data and strong foreign demand for U.S. government debt: TYZ11 +5.5, FVZ11 +1.2, EDH12 -5.0. Bullish factors included (1) the weaker-than-expected Oct CPI which unexpectedly posted its first monthly decline in 4 months (-0.1% m/m and +3.5% y/y versus expectations of unchanged m/m and +3.7% y/y), (2) increased safe-haven demand after the BOE cut its U.K. forecast for 2011 and 2012 and warned that a failure of European officials to end the debt crisis could lead to "significant adverse effects" on the global economy, and (3) increased foreign demand for U.S. government debt after the Sep net long-term TIC flows showed foreign holdings of Treasuries rose to a record $4.66 trillion. Bearish factors included (1) the stronger-than-expected Oct industrial production (+0.7% versus expectations of +0.4%), (2) the bigger-than-expected increase in Oct capacity utilization which climbed to its highest level in 3-1/4 years (+0.5 to 77.8% versus expectations of +0.1 to 77.4%), and (3) the unexpected increase in the Nov NAHB housing market index which rose to a 1-1/2 year high (+0.3 to 20 versus expectations of unchanged at 18).
  • The dollar index this morning is little changed with the dollar/yen -0.03 yen and the euro/dollar -0.22 cents. The dollar index yesterday posted a 5-week high and settled higher as the euro slumped to a 5-week low against the dollar on European debt concerns and as foreign demand for dollar assets in Sep rose by the most in 10 months: Dollar Index +0.144 USDJPY +0.027, EURUSD -0.00761. Bullish factors included (1) euro negative comments from European Commission President Barroso who said the Euro-Zone is facing a "truly systemic crisis" and that there is "no way out of the crisis" without economic growth in Europe, (2) increased foreign demand for U.S. dollar assets after the Sep net long-term TIC flows rose $68.6 billion, stronger than expectations of $54.0 billion and the biggest increase in 10 months, and (3) weakness in the British pound which fell to a 3-week low against the dollar after the BOE cut its GDP forecast for the U.K. for 2011 and 2012 and warned that a failure of European officials to end the debt crisis could lead to "significant adverse effects" on the global economy. A bearish factor was the dollar negative comments from Boston Fed President Rosengren who said the Fed still has the power to boost the U.S. economy through lower interest rates.
  • Dec crude oil prices this morning are down -$2.20 a barrel and Dec gasoline is -5.78 cents per gallon. Crude oil and gasoline prices yesterday rallied sharply after Enbridge Inc, said it would reverse the direction of the Seaway pipeline, which will draw down excess crude reserves in Cushing, Oklahoma: CLZ11 +$3.22, RBZ11 +4.16. Dec crude posted a 5-1/4 month high. Bullish factors included (1) the announcement by Enbridge Inc. that it will reverse the direction of the Seaway pipeline, which will open an outlet for crude from the central U.S. and Canada to refineries on the Gulf Coast and draw down excess crude supplies in Cushing, Oklahoma, the storage hub for WTI, (2) the larger-than-expected increase in Oct U.S. industrial production and the rise in Oct capacity utilization to a 3-1/4 year high, which indicates increased fuel demand and consumption, and (3) the near-expected drop in weekly DOE distillate inventories to a nearly 3-year low (-2.14 million bbl to 133.7 million bbl). Bearish factors included (1) the rally in the dollar index to a 5-week high, which reduces investment demand for commodities, (2) the action by the BOE to cut its GDP forecasts for the U.K. for this year and next and its warning that a failure of European officials to end the debt crisis could lead to "significant adverse effects" on the global economy, and (3) the unexpected build in weekly DOE gasoline inventories (+992,000 bbl versus expectations of -1.0 million bbl).
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CRM-Salesforce.com (BEST earnings consensus $0.31), INTU-Intuit (-0.12), ROST-Ross Stores (1.25), GPS-The Gap (0.36), DLTR-Dollar Tree (0.83), MRVL-Marvell Technology Group Ltd. (0.39), SJM-JM Smucker (1.39), SHLD-Sears Holdings (-2.13), HP-Helmerich & Payne (1.05), DCI-Donaldson (0.79), TDG-TransDigm Group (1.24), WSM-Williams-Sonoma (0.38), FMCN-Focus Media Holding Ltd. (0.48), FL-Foot Locker (0.39), DLB-Dolby Laboratories (0.69).
Global Financial Calendar
Thursday 11/17/11
United States
0830 ET Weekly initial unemployment claims expected +5,000 to 395,000, previous -10,000 to 390,000. Weekly continuing claims expected +18,000 to 3.633 million, previous -92,000 to 3.615 million.
0830 ET Oct housing starts expected -7.3% to 610,000, Sep +15.0% to 658,000. Oct building permits expected +2.4% to 603,000, Sep -5.8% to 589,000.
1000 ET Nov Philadelphia Fed manufacturing index expected +0.3 to 9.0, Oct +26.2 to 8.7.
1100 ET Treasury announces amounts of 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 Nov 21-23.
1230 ET Cleveland Fed President Sandra Pianalto speaks on the ?Economic Outlook and Progress of U.S. Households? to the Rotary Club of Lexington, KY.
1250 ET New York Fed President William Dudley speaks on the national economy at the U.S. military academy at West Point.
1300 ET Treasury auctions 10-year TIPS.
1630 ET Weekly money supply report and Fed balance sheet.
Japan
0100 ET Revised Oct Japan machine tool orders, previous +25.9% y/y.
United Kingdom
0430 ET Oct U.K. retail sales ex auto fuel expected -0.3% m/m and -0.2% y/y, Sep +0.7% m/m and +0.4% y/y.
0430 ET Oct U.K. retail sales with auto fuel expected -0.2% m/m and -0.1% y/y, Sep +0.6% m/m and +0.6% y/y.
Euro-Zone
0500 ET Sep Euro-Zone construction output, Aug +0.2% m/m and +2.5% y/y.

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

Intuitive Surgical - ISRG - Barchart Chart of the Day

Barchart.coms Chart of the Day - Intuitive Surgical (ISRG)
Related Stocks
ISRG - Intuitive Surgical
Sym Last Chg Pct
ISRG 439.88 +1.42 +0.32%
The "Chart of the Day" is Intuitive Surgical (ISRG), which showed up on Tuesday's Barchart "All Time High" list. Intuitive Surgical on Tuesday rallied by 1.88% and posted a new all-time high of $449.00. TrendSpotter has been Long since Oct 11 at $385.35. In recent news on the stock, the company on Oct 29 announced a $500 million increase in its share repurchase authorization. The company on Oct 18 reported Q3 EPS of $3.05, above the consensus of $2.76. On Oct 19, Lazard Capital reiterated its Buy rating and raised its target to $475 from $442, and Collins Stewart reiterated its Buy rating and raised its target to $475 from $450. Intuitive Surgical, with a market cap of $17 billion, manufactures the da Vinci Surgical System, which translates the surgeon's natural hand movements on instrument controls at a console into corresponding micromovements of instruments positioned inside the patient through small puncture incisions.

isrg_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.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • 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, November 15, 2011

Barchart Morning Call 11/15

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are lower with the Euro Stoxx 50 down -1.33% and Dec S&Ps down -14.20 points. The euro and commodities weakened while Treasuries rose after rising yields and weak demand at a Spanish debt auction. Spain sold 3.16 billion euros of 12-month and 18-month bills, below the maximum target of 3.5 billions euros, while the average yield on the 12-month securities climbed to 5.022% from 3.608% at a previous sale of the debt last month. Contagion concerns to the European sovereign-debt crisis also undercut the euro and stocks after credit default swaps to insure the government debts of France and Italy rose to records. Mario Monti, Italy's prime minister-designate, is struggling to get political parties to join his Cabinet as he tries to reassure investors Italy can cut its 1.9 trillion-euro debt. Also undercutting stocks was the bigger-than-expected decline in German investor confidence after the Nov German ZEW economic sentiment fell -6.9 to -55.2, a 3-year low. The British pound fell to a 3-week low against the dollar after BOE Governor King said inflation could fall more sharply than expected due to spare capacity and "substantial risks" to the global economic outlook, which bolsters the outlook for additional BOE asset purchases.
  • Asian stocks today closed lower with Japan down -0.72%, China -0.20%, Australia -0.44%, South Korea -0.83%, India -1.38%. Most Asian stocks fell on concern the European sovereign-debt crisis is spreading, which dampens the outlook for exporters' earnings. In its first formal evaluation of the Chinese banking system, the IMF said that "despite ongoing reform and financial strength, China confronts a steady buildup of financial sector vulnerabilities" and needs to expand oversight of banks as risks increase from off-balance sheet lending and a surge in property prices. Today's report sent Chinese financial stocks lower and underscores concern that slowing Chinese growth and a cooling property market may spark a jump in non-performing loans. Chinese stocks shook off early losses and closed little changed though, on speculation that easing inflation will allow policymakers to loosen monetary policy.
Overnight U.S. Stock News
  • December S&Ps this morning are trading down -14.20 points. The US stock market yesterday closed lower on concern the European sovereign-debt crisis will worsen and drag the U.S. economy into recession: Dow Jones -0.61%, S&P 500 -0.96%, Nasdaq Composite -0.80%. Bearish factors included (1) carry-over weakness from a slide in European stocks on concern the European debt crisis will worsen after Italy auctioned 5-year notes at the highest yield in 14 years and after credit-default swaps to insure Spain's government debt rose to a record high, (2) a research paper from the San Francisco Fed said that the odds of a U.S. recession in early 2012 climbed to over 50% as a result of Europe's debt crisis, and (3) weakness in energy producers after crude oil prices tumbled.
  • Bullish factors included (1) optimism that strength in the Japanese economy will help sustain global economic growth after Q3 Japan GDP grew +6.0% annualized, the fastest pace in 1-1/2 years, and (2) speculation new leaders in Europe will take the necessary steps to stem the region's debt crisis after Prime Minister Papademos took over Greece's interim government and after former EU commissioner Monti agreed to be Italy's new prime minister.
  • Amgen (AMGN) fell 1.7% in European trading after the world's largest biotechnology firm was cut to "neutral" from "overweight" at Piper Jaffray.
Today's Market Focus
  • December 10-year T-notes this morning are up +10.5 ticks. T-note prices yesterday shook off early weakness and strengthened due to increased safe-haven demand on concern that indebted nations of Europe will struggle to contain their sovereign-debt problems: TYZ11 +21.5, FVZ11 +9.5, EDH12 -2.0. Dec T-notes posted a 1-1/2 week low in overnight trade but erased their losses and closed higher. Bullish factors included (1) concern the European sovereign debt crisis may worsen after Italy auctioned 5-year notes at the highest yield in 14 years and after credit-default swaps to insure Spain's government debt rose to a record high, (2) a research paper from the San Francisco Fed that stated the odds of a U.S. recession in early 2012 at over 50% as a result of Europe's debt crisis, and (3) increased safe-haven demand for Treasuries as the stock market tumbled. A bearish factor was reduced safe-haven demand on speculation new leaders in Europe will take the necessary steps to stem the region's debt crisis after Prime Minister Papademos took over Greece's interim government and after former EU commissioner Monti agreed to be Italy's new prime minister.
  • The dollar index this morning is higher with the dollar/yen -0.11 yen and the euro/dollar -0.92 cents. The dollar index yesterday finished higher on increased safe-haven demand as stocks faltered on concern European leaders will fail to contain the region's debt crisis: Dollar Index -0.832, USDJPY -0.469, EURUSD +0.01374. Bullish factors included (1) euro weakness after Der Spiegel magazine reported that German lawmakers are preparing for Greece's departure from the euro if the country's new government doesn't commit to reforms, (2) concern Italy will struggle to contain its debt crisis after it auctioned 3 billion euros of 5-year notes at 6.29%, the highest since 1997, (3) the euro negative report from Moody's Investors Service that said weak demand and "investors' cold reception" of a European Financial Stability Facility debt sale last week shows the limits of the fund's ability to support the region's government bond markets, and (4) concern on contagion of the European debt crisis to Spain after credit-default swaps to insure Spanish government debt surged 21 bp to a record 441 bp. Bearish factors included (1) strength in the yen which rallied to a 2-week high against the dollar after Q3 Japan GDP grew +6.0% annualized, the fastest pace in 1-1/2 years and (2) a research paper from the San Francisco Fed that stated the odds of a U.S. recession in early 2012 at over 50% as a result of Europe's debt crisis, which may prompt the Fed into keeping its overly easy monetary policy in place.
  • Dec crude oil prices this morning are down -48 cents a barrel and Dec gasoline is +2.47 cents per gallon. Crude oil and gasoline prices yesterday settled lower as the dollar strengthened and on concern the European debt crisis will drag on: CLZ11 -$0.85, RBZ11 -6.85. Dec crude posted 3-1/2 month high but erased its advance and closed lower while Dec gasoline posted a 1-1/4 month low. Bearish factors included (1) dollar strength that reduces investment demand for commodities, (2) the slump in the equity market, which curbs confidence in the economic outlook and energy demand, and (3) concern the European debt crisis will linger after Italy auctioned 5-year notes at the highest yield since 1997, which deepens concern Italy will struggle to contain its debt crisis. Bullish factors included (1) Q3 Japan GDP expanding at its strongest pace in 1-1/2 years (+6.0% y/y), which signals strong fuel consumption in the world's third-biggest crude oil consumer and (2) comments from Algeria's oil minister who said crude prices of $100 to $110 a barrel are fair.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): WMT-Wal-Mart (BEST earnings consensus $0.97), HD-Home Depot (0.58), DELL-Dell (0.47), COV-Covidien PLC (1.05), TJX-TJX Cos. Inc. (1.05), A-Agilent Technologies (0.81), SPLS-Staples (0.47), ADSK-Autodesk (0.41), JEC-Jacobs Engineering Group (0.72), DKS-Dick's Sporting Goods (0.26), NRGY-Inergy LP (-0.22), CNQR-Concur Technologies (0.37), SKS-Saks (0.09), LRN-K12 Inc. (0.27), BOBE-Bob Evans Farms (0.53).
Global Financial Calendar
Tuesday 11/15/11
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0800 ET Chicago Fed President Charles Evans speaks on ?Discussion of the Fed?s Dual Mandate Responsibilities? at he Council of Foreign Relations.
0830 ET Oct PPI expected -0.1% m/m and +6.3% y/y, Sep +0.8% m/m and +6.9% y/y. Oct PPI ex food & energy expected +0.1% m/m and +2.8% y/y, Sep +0.2% m/m and +2.5% y/y.
0830 ET Oct retail sales expected +0.3% and +0.2% less autos, Sep +1.1% and +0.6% less autos.
0830 ET Nov Empire manufacturing index expected +6.5 to -2.0, Oct -0.3 to -8.5
0830 ET St. Louis Fed President James Bullard speaks on ?The economic outlook and monetary policy? to the CFA Society of St. Louis.
0855 ET Redbook weekly retailer sales.
1000 ET Sep business inventories expected +0.1%, Aug +0.5%.
1005 ET San Francisco Fed President John Williams speaks on the economy to the Greater Phoenix Chamber of Commerce/Greater Phoenix Leadership Group.
1100 ET Chicago Fed President Charles Evans gives interview to CNBC.
1130 ET Weekly 4-week T-bill auction.
1230 ET Dallas Fed President Richard Fisher speaks on ?Too Big to Fail? to Columbia Business School?s Politics and Business Club.
France
0130 ET Q3 French GDP, Q2 unchanged q/q and +1.7% y/y.
0245 ET Q3 French non-farm payrolls, Q2 +0.2% q/q. Q3 wages, Q2 +0.6% q/q.
Germany
0200 ET Q3 German GDP expected +0.5% q/q and +2.4% y/y, Q2 +0.1% q/q and +2.8% y/y.
0500 ET Nov German ZEW survey economic sentiment expected -4.2 to -52.5, Oct -5.0 to -48.3. Nov ZEW survey current situation expected -6.4 to 32.0, Oct -5.2 to 38.4.
United Kingdom
0430 ET Oct U.K. CPI expected +0.2% m/m and +5.1% y/y, Sep +0.6% m/m and +5.2% y/y.
0430 ET Oct U.K. core CPI expected +3.2% y/y, Sep +3.3% y/y.
0430 ET Oct U.K. RPI expected +0.1% m/m and +5.5% y/y, Sep +0.8% m/m and +5.6% y/y.
0430 ET Oct U.K. RPI ex mortgage interest payments expected +5.7% y/y, Sep +5.7% y/y.
EUR 0500 ET
Canada
0830 ET Sep Canada manufacturing sales expected +1.0% m/m, Aug +1.4% m/m.

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Enterprise Products - EPD - Barchart Chart of the Day

Barchart.coms Chart of the Day - Enterprise Products Partners LP (EPD)
Related Stocks
EPD - Enterprise Products Partners L.P.
Sym Last Chg Pct
EPD 45.05 -0.43 -0.95%
The "Chart of the Day" is Enterprise Products Partners LP (EPD), which showed up on Monday's Barchart "All Time High" list. Enterprise Products on Monday rallied by 0.98% and posted a new all-time high of $45.63. TrendSpotter has been Long since Oct 12 at $42.49. Enterprise Products continues to see strength after its earnings report on Nov 2 in which the company reported Q3 EPS of 55 cents, above the consensus of 49 cents, and Q3 revenue of $11.3 billion, $1.1 billion above the consensus of $10.2 billion. Enterprise Products Partners LP, a publicly-traded master limited partnership (MLP) with a market cap of $40 billion, is a provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products.

epd_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.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


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Monday, November 14, 2011

Barchart Morning Call 11/14

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 down -1.19% and Dec S&Ps down -7.00 points. European and U.S. stocks erased early gains and turned lower after the euro fell on a report from Spiegel magazine that said German lawmakers are preparing for Greece's departure from the euro if the country's new government doesn't commit to reforms. A report from Moody's Investors Service also pressured stocks as it said weak demand and "investors' cold reception" of a European Financial Stability Facility debt sale last week shows the limits of the fund's ability to support the region's government bond markets. Italy auctioned 3 billion euros of 5-year notes at 6.29%, the highest since 1997, and while the bid-to-cover at 1.47 was better than the 1.34 from last month's sale, the higher yield suggests Italy's new government will struggle to contain the country's debt crisis. Sep Euro-Zone industrial production fell -2.0% m/m, slightly better than expectations of -2.3% m/m, although still the steepest monthly decline in 2-1/2 years.
  • Asian stocks today closed mostly higher with Japan up +1.05%, China +2.05%, Australia +0.19%, South Korea +2.17%, India -0.43%. Japanese stocks gained after its economy expanded for the first time in four quarters as Q3 Japan GDP grew +6.0% annualized, the fastest pace in 1-1/2 years and slightly stronger than expectations of +5.9% annualized. Gains were limited though, after the yen climbed to a 2-week high against the dollar. Chinese stocks rose, led by gains in banks, after an increase in bank loans to their highest level since June shows the government may be relaxing lending curbs. A drop in food prices also lifted stocks after marbled pork meat dropped -2.5% between Nov 1 to 10 as compared with the previous ten days, which fueled speculation that lower prices will give policymakers more leeway to ease monetary policy. India's Sensex 30 Stock Index closed lower after the Oct Indian wholesale-price index rose +9.73% y/y, stronger than expectations of +9.65% y/y and the ninth consecutive month prices have exceeded 9.00%, which dampens speculation the RBI will be able to cut interest rates anytime soon.
Overnight U.S. Stock News
  • December S&Ps this morning are trading down -7.00 points. The US stock market last Friday settled higher as U.S. consumer confidence improved and Europe took steps to address its debt crisis: Dow Jones +2.19%, S&P 500 +1.95%, Nasdaq Composite +2.04%. Bullish factors included (1) reduced European debt concerns after Italy's Senate approved a debt-cutting bill and as former ECB Vice President Papademos was prepared to be sworn in as Greece's next Prime Minister, (2) the larger-than-expected increase in the Nov U.S. University of Michigan consumer confidence which rose to a 5-month high (+3.3 to 64.2 versus expectations of +0.6 to 61.5) and strength in energy producers after crude oil rallied to a 3-1/4 month high.
  • Bearish factors included (1) comments from ECB Executive Board member Stark who said there's spillover to the real economy from the debt crisis and that we must prepare for "very weak" Q4 growth and (2) comments from Fed Vice Chairman Yellen who said that "further intensification of financial disruptions in Europe could lead to a deterioration of financial conditions in the U.S."
  • Boeing (BA) climbed 1.3% in European trading after the company signed a $26 billion agreement with the Emirates for as many as 70 of its 777 aircraft, the biggest order in Boeing's history.
Today's Market Focus
  • December 10-year T-notes this morning are up +13.5 ticks. T-note prices last Friday moved lower for a second day on reduced safe-haven demand as stocks rallied over optimism Europe was taking the necessary steps to stem the region's debt crisis along with the stronger-than-expected Nov U.S. University of Michigan consumer confidence: TYZ11 -18, FVZ11 -8.5, EDH12 unchanged. Bearish factors included (1) the larger-than-expected increase in the Nov U.S. University of Michigan consumer confidence which rose to a 5-month high (+3.3 to 64.2 versus expectations of +0.6 to 61.5) and (2) reduced safe-haven demand for Treasuries on optimism Europe was taking the necessary steps to stem the region's debt crisis after Italy's Senate approved a debt-cutting bill and as former ECB Vice President Papademos was prepared to be sworn in as Greece's next Prime Minister. Bullish factors included (1) comments from ECB Executive Board member Stark who said there's spillover to the real economy from the debt crisis and that we must prepare for "very weak" Q4 growth and (2) comments from Fed Vice Chairman Yellen who said that "further intensification of financial disruptions in Europe could lead to a deterioration of financial conditions in the U.S.".
  • The dollar index this morning is stronger with the dollar/yen -0.21 yen and the euro/dollar -0.93 cents. The dollar index last Friday settled lower as the euro rallied on optimism European leaders are taking the necessary steps to contain the region's sovereign-debt crisis: Dollar Index -0.832, USDJPY -0.469, EURUSD +0.01374. Bearish factors included (1) strength in the euro on reduced European debt concerns after Italy's Senate approved a debt-cutting bill and as former ECB Vice President Papademos was prepared to be sworn in as Greece's next Prime Minister, and (2) reduced safe-haven demand for the dollar as the stock market rallied. Bullish factors included (1) euro negative comments from ECB Council member Nowotny who said the ECB could act "more decisively" if the European economy is going into a slump and (2) the stronger-than-expected Nov U.S. University of Michigan consumer confidence which rise to a 5-month high and is dollar supportive.
  • Dec crude oil prices this morning are down -$1.09 a barrel and Dec gasoline is -2.87 cents per gallon. Crude oil and gasoline prices last Friday settled mixed as crude rallied on speculation that U.S. economic growth and Europe's efforts to contain its debt crisis will boost fuel demand: CLZ11 +$1.21, RBZ11 -3.30. Dec crude posted 3-1/4 month high. Bullish factors included (1) the weaker dollar, which increases investment demand for commodities, (2) the larger-than-expected increase in the Nov U.S. University of Michigan consumer confidence to a 5-month high, and (3) reduced European debt concerns after Italy's Senate approved a deficit-reduction package and Greece formed a unity government. The main bearish factor was concern that the ongoing European sovereign debt crisis will start to slow the global economy and fuel demand.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): LOW-Lowe's (BEST earnings consensus $0.33), VIP-VimpelCom Ltd. (0.15), JCP-J.C. Penney (0.11), URBN-Urban Outfitters (0.31), WWD-Woodward (0.54), IOC-InterOil (-0.01), AGO-Assured Guaranty Ltd. (0.46), QRE-QR Energy LP (0.27).
Global Financial Calendar
Monday 11/14/11
United States
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
Euro-Zone
0500 ET Sep Euro-Zone industrial production expected -2.3% m/m and +3.5% y/y, Aug +1.4% m/m and +6.0% y/y.

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Tractor Supply -- TSCO - Barchart Chart of the Day

Barchart.coms Chart of the Day - Tractor Supply Company (TSCO)
Related Stocks
TSCO - Tractor Supply Company
Sym Last Chg Pct
TSCO 74.76 +0.26 +0.35%
The "Chart of the Day" is Tractor Supply Company (TSCO), which showed up on Friday's Barchart "All Time High" list. TSCO on Friday rallied by 3.20% and posted a new all-time high of $74.84. TrendSpotter has been Long since Oct 14 at $67.42. In recent news on the stock, the company on Oct 19 reported Q3 EPS of 58 cents, above the consensus of 52 cents. Feltl & Company on Oct 20 upgraded TSCO to Buy from Hold and raised the target to $76.50. Tractor Supply Company, with a market cap of $5.1 billion, operates a chain of retail farm stores in the U.S.

tsco_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.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • 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