Friday, December 2, 2011

Barchart Morning Call 12/2

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mostly higher with the Euro Stoxx 50 up +1.40% and Dec S&Ps up +12.90 points. The dollar and Treasuries weakened as stocks and commodities rose ahead of this morning's Nov U.S. payrolls report. The euro strengthened against the dollar and European bank stocks rallied as yields on Italian and Spanish government bonds declined, while the cost of credit default swaps to insure European government debt also fell. German Chancellor Merkel rejected the idea of joint Euro-Zone bonds or trying to make the ECB the lender of last resort, saying overcoming the region's sovereign debt crisis "will take years" as she renewed her push for European fiscal union. European finance ministers and government leaders will meet Dec 9 in Brussels as they seek a remedy to the region's debt crisis. Oct Euro-Zone PPI rose +0.1% m/m and +5.5% y/y, weaker than expectations of +0.2% m/m and +5.6% y/y.
  • Asian stocks today closed mixed with Japan up +0.54%, China -1.02%, Australia +1.40%, South Korea -0.13%, India +2.20%. Japanese stocks closed higher, led by a rally in builders and construction companies, after the Japanese government said it plans a fourth extra budget of more than 2 trillion yen ($26 billion) to help shore up the economic recovery and help rebuild after the Mar earthquake. Exporters gained as the yen weakened against the dollar after Japanese Finance Minister Azumi said he will take action on speculative currency moves and after Japanese Trade and Industry Minister Edano said he doubts the strong yen reflects the country's economic fundamentals. Q3 Japan capital spending excluding software tumbled -11.0%, a larger-than-expected decline of -3.0% and the biggest drop since Q1 2010. Chinese stocks closed lower, led by a drop in energy and material producers. Also airlines stocks declined after the China Securities Journal reported that the government raised jet fuel prices by 376 yuan per ton to 7,853 yuan per ton in December.
Overnight U.S. Stock News
  • December S&Ps this morning are trading up +12.90 points ahead on Nov U.S. payrolls. The US stock market yesterday settled mixed as stronger-than-expected U.S. manufacturing data was offset by weakness in financial stocks: Dow Jones -0.21%, S&P 500 -0.19%, Nasdaq Composite +0.22%. The S&P 500, the Dow and the Nasdaq all posted 2-week highs. Bearish factors included (1) global growth concerns after the larger-than-expected contraction in Nov China manufacturing by the most in 2-3/4 years, (2) the unexpected increase in weekly initial U.S. unemployment claims (+6,000 to 402,000 versus expectations of -3,000 to 390,000), the warning from the United Nations that the world economy would grind to a halt should European leaders fail to contain the region's debt crisis as risks of a double-dip recession in the U.S. and Europe loom, and (4) weakness in financial stocks after the state of Massachusetts sued 5 lenders, including Bank of America and JPMorgan Chase, over foreclosure practices.
  • Bullish factors included (1) reduced European debt concerns after the yields on Spanish and French bonds fell after both countries had successful government debt auctions, (2) the larger-than-expected increase in the Nov ISM manufacturing index which expanded at its fastest pace in 5 months (+1.9 to 52.7 versus expectations of +0.9 to 51.7), (3) the stronger-than-expected Oct construction spending (+0.8% versus expectations of +0.3%), and (4) comments from St. Louis Fed President Bullard who said he sees stronger growth in 2012 after better than expected economic news in the fall of this year.
  • Bank of America (BAC) rose 2.2% and Citigroup (C) climbed 1.9% in pre-market trading on carry-over strength fram a rally in European bank stocks.
Today's Market Focus
  • March 10-year T-notes this morning are down -1.5 ticks. T-note prices yesterday settled lower as safe-haven demand from the ongoing European debt crisis offset stronger than expected U.S. manufacturing data and construction spending: TYH12 -6.5, FVH12 -3, EDM12 -0.5. Bearish factors included (1) the larger-than-expected increase in the Nov ISM manufacturing index which expanded at its fastest pace in 5 months (+1.9 to 52.7 versus expectations of +0.9 to 51.7), (2) the stronger-than-expected Oct construction spending (+0.8% versus expectations of +0.3%), and (3) comments from St. Louis Fed President Bullard who said he sees stronger growth in 2012 after better than expected economic news in the fall of this year. Bullish factors included (1) the unexpected increase in weekly initial U.S. unemployment claims (+6,000 to 402,000 versus expectations of -3,000 to 390,000), (2) the larger-than-expected contraction in Nov China manufacturing by the most in 2-3/4 years, which may lead to a slowdown in the global economy, and (3) the warning from the United Nations that the world economy would grind to a halt should European leaders fail to contain the region's debt crisis as risks of a double-dip recession in the U.S. and Europe loom.
  • The dollar index this morning is slightly weaker with the dollar/yen +0.29 yen and the euro/dollar +0.28 cents. The dollar index yesterday settled slightly lower after successful government debt auctions by Spain and France lowered their bond yields and boosted the euro: Dollar Index -0.093, USDJPY +0.078, EURUSD +0.00158. Bearish factors for the dollar included, (1) the drop in the bond yields of Spain and France after Spain sold 3.75 billion euros of 5-year bonds, the maximum planned, while France sold 1.57 billion euros of 10-year bonds at an average yield of 3.18%, down from 3.22% at the last auction on Nov 3, which reduced European debt concerns and boosted the euro and (2) euro positive comments from ECB President Draghi that the ECB's program of buying government bonds "can only be limited," which reduces speculation the ECB will expand its asset-buying program. Bullish factors included (1) increased safe-haven demand for the dollar after contraction in the Nov China PMI manufacturing for the first time in 2-3/4 years bolstered concerns of a global economic slowdown and (2) the stronger-than-expected Nov ISM manufacturing and Oct construction spending, which reduces recession concerns in the U.S.
  • Jan crude oil prices this morning are up +88 cents a barrel and Jan gasoline is +6.61 cents per gallon. Crude oil and gasoline prices yesterday settled lower for the first day in five after weekly U.S. jobless claims unexpectedly rose and Chinese manufacturing contracted for the first time in 2-3/4 years, signaling an economic slowdown: CLF12 -$0.16, RBF12 -0.19. Bearish factors included (1) the larger-than-expected decline in the Nov China PMI manufacturing which contracted for the first time since Feb 2009 and indicates reduced fuel demand and consumption in the world's second-largest crude consumer, (2) the unexpected increase in weekly U.S. unemployment claims, which may slow economic growth and fuel demand, and (3) data from Poten & Partners that shows Libyan crude exports may rise 22% this week to 3.3 million barrels, increasing global crude supplies. Bullish factors included (1) the weaker dollar, which encourages investment demand for commodities and (2) the stronger-than-expected Nov ISM manufacturing index which expanded at its fastest pace in 5 months and indicates strong fuel consumption.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): SNDA-Shanda Interactive Entertainment (BEST earnings consensus $0.25), TEA-Teavana Holdings (0.02), BTH-Blyth (2.13), MSB-Mesabi Trust (1.04), PTRY-The Pantry (0.58).
Global Financial Calendar
Friday 12/2/11
United States
0830 ET Nov non-farm payrolls expected +125,000, Oct +80,000. Nov private payrolls (ex-government) expected +150,000, Oct +104,000. Nov unemployment rate expected unchanged at 9.0%, Oct -0.1 to 9.0%. Nov manufacturing payrolls expected +9,000, Oct +5,000. Nov avg hourly earnings all employees expected +0.2% m/m and +2.0% y/y, Oct +0.2% m/m and +1.8% y/y. Nov avg weekly hours all employees expected unchanged at 34.3, Oct unchanged at 34.3.
0900 ET Dallas Fed President Richard Fisher speaks on ?America?s Fiscal Challenges? at the Dallas/Fort Fort Worth Minority Supplier Development Council.
1000 ET Philadelphia Fed President Charles Plosser speaks at a media Q & A at the Philadelphia Fed Policy Forum on ?Budgets on the Brink: Perspectives on Debt and Monetary Policy.?
1330 ET Boston Fed President Eric Rosengren speaks on the economy to the Massachusetts Investment Conference.
United Kingdom
0430 ET Nov U.K. PMI construction expected -1.9 to 52.0, Oct +3.8 to 53.9.
Euro-Zone
0500 ET Oct Euro-Zone PPI expected +0.2% m/m and +5.6% y/y, Sep +0.3% m/m and +5.8% y/y.
1230 ET ECB Council member Juergen Stark speaks in New York at an event titled ?The Economic Situation and Fiscal Challenges.?
Canada
0700 ET Nov Canada net change in employment expected +11,000, Oct -54,000. Nov unemployment rate expected unchanged at 7.3%, Oct +0.2 to 7.3%.
CHI
2000 ET Nov China non-manufacturing PMI, Oct -1.6 to 57.7.

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

Visa - V - Barchart Chart of the Day

Barchart.coms Chart of the Day - Visa (V)
Related Stocks
V - Visa Inc.
Sym Last Chg Pct
V 97.40 -0.36 -0.37%
The "Chart of the Day" is Visa (V), which showed up on Thursday's Barchart "All Time High" list. Visa on Thursday rallied by 0.81% and posted a new all-time high of $98.26. TrendSpotter issued a Buy signal for Visa earlier this week on Wednesday at $96.97 after being neutral in the previous four sessions. In recent news on the stock, Warren Buffett's Berkshire on Nov 14 reported a new 2.29 million share stake in Visa. Argus on Nov 4 reiterated its Buy rating on Visa and raised its target to $400 from $360. Meredith Whitney Advisory on Nov 2 downgraded Visa to Outperform from Buy citing valuation. Visa, with a market cap of $76 billion, operates the world's largest retail electronic payments network.

v_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:

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Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
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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, November 30, 2011

Biadu - BIDU

One of the Chinese stocks that has received a lot of attention is Baidu (BIDU) the Asian Internet search company.  The growth possibilities are almost unlimited when you consider the growth projections in Asian population and middle class.  It is almost like my grandfather's idea that if only he could find a way to just make 1 penny from every person in China he'd be set for life.  If Gramps was only around to invest in Baidu!

I like stocks having double digit growth projections for both sales and earnings and try to pick them up on market weakness and as this graph provided by Barchart shows, the stock has had a recent weakness:



Barchart technical indicators:
  • Barchart uses various technical indicators from 7 days to 6 months to gauge the direction of a stock's momentum
  • Recently the sell indicators are weakening
  • 56% Barhchart technical sell signal
  • Trend Spotter sell signal is weakening
  • Trading below its 20, 50 and 100 day moving averages
  • Recently 24.23% off its 1 year high
  • Relative Strength Index 43.99% and still falling
  • Barchart computes a technical support level at 123.14
  • Recently traded at 125.90 with a 50 day moving average of 129.21

Summary:  Since Baidu (BIDU) has high double digit forecast in both sales and earnings there should be no doubt that the company will make money.  I do not think the P/E ratio of 3 times the market is too high. I would buy on the recent price dip and place a stop loss at either the bottom of the 14 day turtle channel, presently at 118.00 or after the stock crosses the 50 day moving average, presently at 129.21.  Always protect you gains with stop losses:


Jim Van Meerten is a Marketocracy Master







Barchart Morning Call 11/30

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 up +0.86% and Dec S&Ps up +8.80 points. European and U.S. stocks erased overnight losses and moved higher after China said it will cut its reserve requirement for banks. U.S. stocks had fallen after Standard & Poor's late yesterday cut the credit ratings for some of the world's largest lenders, including Bank of America, Goldman Sachs and Citigroup. European stocks were also under pressure after the Oct Euro-Zone unemployment rate unexpectedly rose +0.1 to 10.3%, a 13-year high. Spanish and Italian government bonds fell while the yield on Portugal's 10-year bond rose to a euro-era record of 14.06% after Euro-Zone finance ministers said more work was needed to enhance the role of the IMF in fighting Europe's debt crisis. On the positive side, Oct German retail sales rose +0.7% m/m, stronger than expectations of +0.1% m/m, while Nov German unemployment fell -20,000, more than the -5,000 expected and the Nov unemployment rate unexpectedly fell -0.1 to 6.9%.
  • Asian stocks today closed mostly lower with Japan down -0.51%, China -3.34%, Australia +0.43%, South Korea -0.54%, India +0.72%. Asian stocks closed lower as losses in financial stocks led the overall market lower after S&P cut the credit ratings of some of the biggest global lenders. After the Asian markets closed, the PBOC cut the amount of cash banks must set aside for reserves by -50 bp to 21.0% by Dec 5, its first cut in the reserve requirement in 3 years. China's Shanghai Stock Index had fallen to a 1-month low and closed down more than 3% after central bank adviser Xia Bin said China's policy "fine tuning" doesn't mean credit controls will be loosened. Losses in Japanese stocks were limited after Oct Japan industrial production climbed +2.4% m/m and +0.4% y/y, stronger than expectations of +1.1% m/m and -1.0% y/y.
Overnight U.S. Stock News
  • December S&Ps this morning are trading up +8.80 points after China cut banks' reserve requirements. The US stock market yesterday settled mixed as reduced European debt concerns and rising U.S. consumer confidence lifted prices while the Nasdaq lagged as technology stocks were pressured after Corning plunged when it cut its Q4 sales forecast: Dow Jones +0.28%, S&P 500 +0.22%, Nasdaq Composite -0.47%. The S&P 500, the Dow and the Nasdaq all posted 1-week highs, but the Nasdaq gave up its advance and closed lower. Bullish factors included (1) carry-over strength from a rally in European stocks after strong demand for a 3-year bond auction by Italy reduced European debt concerns, (2) the larger-than expected increase in Nov U.S. consumer confidence to its highest level in 4 months (+15.1 to 56.0 versus expectations of +4.2 to 44.0), (3) the larger-than-expected increase in the Sep FHFA house price purchase only index which posted its biggest monthly gain in 6 years (+0.9% versus expectations of +0.1%), and (4) comments from Fed Vice Chairman Yellen who said the Fed has leeway to spur the U.S. recovery and reduce unemployment by purchasing more assets and clarifying its plan to sustain record-low interest rates.
  • Bearish factors included (1) the action by Fitch Ratings to lower its outlook for the long-term rating of the U.S. to negative from stable, which increases the chances of a credit downgrade, (2) the larger-than-expected decrease in the Sep S&P 500/CaseShiller composite-20 home price index (-0.6% m/m and -3.6% y/y versus expectations of -0.1% m/m and -3.0% y/y), and (3) weakness in technology stocks after Corning plunged when it cut its Q4 sales forecast.
Today's Market Focus
  • December 10-year T-notes this morning are up +2 ticks. T-note prices yesterday settled lower on reduced safe-haven demand as the stock market rallied along with stronger-than-expected Nov U.S. consumer confidence: TYZ11 -9, FVZ11 -3.2, EDH12 +3.5. Bearish factors included (1) decreased safe-haven demand for Treasuries after strong demand for a 3-year bond auction by Italy reduced European debt concerns and fueled a rally in stocks, (2) the larger-than expected increase in Nov U.S. consumer confidence to its highest level in 4 months (+15.1 to 56.0 versus expectations of +4.2 to 44.0), and (3) the larger-than-expected increase in the Sep FHFA house price purchase only index which posted its biggest monthly gain in 6 years (+0.9% versus expectations of +0.1%). Bullish factors included (1) the larger-than-expected decrease in the Sep S&P 500/CaseShiller composite-20 home price index (-0.6% m/m and -3.6% y/y versus expectations of -0.1% m/m and -3.0% y/y) and (2) comments from Fed Vice Chairman Yellen who said she sees the scope for more Fed easing to spur the U.S. recovery and reduce unemployment.
  • The dollar index this morning is little changed with the dollar/yen +0.05 yen and the euro/dollar -0.18 cents. The dollar index yesterday finished lower on reduced safe-haven demand as stocks rallied and after comments from Fed Vice Chairman Yellen who said she sees the scope for more easing to spur the recovery: Dollar Index -0.256, USDJPY -0.057, EURUSD -0.00050. Bearish factors for the dollar included, (1) reduced safe-haven demand for the dollar as the S&P 500 rallied to a 1-week high, (2) comments from Fed Vice Chairman Yellen who said she sees the scope for more Fed easing to spur the U.S. recovery and reduce unemployment, which would further lower the dollar's interest rate differentials, (3) strong demand for Italy's debt auction of 7.5 billion euros of 3-year notes, which is euro supportive, (4) the action by Fitch Ratings to lower its outlook for the long-term rating of the U.S. to negative from stable due to "declining confidence that timely fiscal measures necessary to place U.S. public finances on a sustainable path will be forthcoming," making the probability of a downgrade greater than 50% over the next 2 years, and (5) short-covering in the euro after CFTC data showed hedge funds and speculators were net short the euro by 85,068 on Nov 22, the most in 16-months. Bullish factors included (1) the larger-than-expected drop in Nov Euro-Zone economic confidence to a 2-year low, which is euro negative, (2) the larger-than-expected increase in the Nov U.S, consumer confidence to a 4-month high, which is dollar supportive, and (3) the failure by the ECB for the first time in 7 months to fully offset the extra liquidity created by its bond purchases after banks bid on only 194.2 billion euros of 7-day term deposits, below the 203.5 billion euros the ECB was trying to drain from the banking system as market uncertainty from the debt crisis prompts banks to hold more cash than necessary.
  • Jan crude oil prices this morning are up +28 cents a barrel and Jan gasoline is +1.27 cents per gallon. Crude oil and gasoline prices yesterday moved higher as the dollar weakened and after Nov U.S consumer confidence rose more than expected: CLF12 +$1.58, RBF12 +2.21. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, (2) the larger-than-expected increase in Nov U.S. consumer confidence to its highest level in 4 months, which may lead to an increase in consumer spending and fuel demand, and (3) the rally in the S&P 500 to a 1-week high, which boosts confidence in the economic outlook and energy demand. Bearish factors included (1) the larger-than-expected drop in Nov Euro-Zone economic confidence to a 2-year low, which may signal a slowdown in European economic growth and energy demand and (2) the larger-than-expected drop in home prices in the Sep S&P/CaseShiller composite-20 home price index, which shows continued weakness in the U.S. housing market that may keep economic growth and fuel demand depressed. Expectations for Wednesday's weekly inventory report from the DOE are for crude oil supplies to increase +50,000 bbl, gasoline stockpiles to rise +1.45 million bbl, distillate inventories to fall -1.25 million bbl and the refinery utilization rate to rise +0.4 to 85.9%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): SNPS-Synopsys (BEST earnings consensus $0.45), AEO-American Eagle Oufitters (0.27), GES-Guess? (0.73), EXPR-Express (0.35), UNFI-United Natural Foods (0.40), TFM-Fresh Market (0.19), FNSR-Finisar (0.23), SMTC-Semtech (0.45), ARO-Aeropostale (0.28), INXN-InterXion Holding NV (0.12), RUE-Rue21 (0.33).
Global Financial Calendar
Wednesday 11/30/11
United States
0700 ET Weekly MBA mortgage applications, previous -1.2% with purchase mortgage sub-index +8.2% and refinancing sub-index -4.0%.
0730 ET Nov Challenger job cuts, Oct +12.6% y/y.
0815 ET Nov ADP employment change expected +130,000, Oct +110,000.
0830 ET Revised Q3 non-farm productivity expected +2.5%, previous +3.1%. Revised Q3 unit labor costs expected 2.1%, previous -2.4%.
0945 ET Nov Chicago purchasing mangers index expected +0.1 to 58.5, Oct -2.0 to 58.4.
1000 ET Oct pending home sales expected +2.0% m/m, Sep -4.6% m/m and +7.9% y/y.
1400 ET Fed?s Beige Book.
Japan
0000 ET Oct Japan construction orders, Sep -9.3% y/y.
0000 ET Oct Japan housing starts expected -6.3% to 770,000, Sep -10.8% to 745,000.
Germany
0200 ET Oct German retail sales expected +0.1% m/m and +2.0% y/y, Sep +0.3% m/m and +0.3% y/y.
0355 ET Nov German unemployment change expected -5,000, Oct +10,000. Nov German unemployment rate expected unchanged at 7.0%, Oct +0.1 to 7.0%.
France
0245 ET Oct French consumer spending expected +0.2% m/m and -0.2% y/y, Sep -0.5% m/m and -1.3% y/y.
0245 ET Oct French producer prices expected +0.2% m/m and +5.4% y/y, Sep +0.2% m/m and +6.1% y/y.
Euro-Zone
0300 ET ECB President Mario Draghi attends a lecture at the Bank of Italy.
0500 ET Nov Euro-Zone CPI estimate expected +3.0% y/y, Oct +3.0% y/y.
0500 ET Oct Euro-Zone unemployment rate expected unchanged at 10.2%, Sep +0.1 to 10.2%.
0900 ET ECB Council member and Bank of Portugal Governor Carlos Coats speaks about the challenges for the Portuguese economy at an event in Libson.
Canada
0830 ET Oct Canada industrial product prices expected +0.3% m/m, Sep +0.4% m/m.
0830 ET Oct Canada raw materials price index expected +1.3% m/m, Sep +1.4% m/m.
0830 ET Q3 Canada GDP expected +3.0% annualized, Q2 -0.4% annualized.
0900 ET Sep Canada Teranet/National Bank HPI, Aug +0.9% m/m and +5.4% y/y.
CHI
2000 ET Nov China PMI manufacturing expected -0.6 to 49.8, Oct -0.8 to 50.4.

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

Brown Froman - BF.B Barchart Chart of the Day

Barchart.coms Chart of the Day - Brown Forman (BF.B)
Related Stocks
BF.B - Brown Forman Inc B
Sym Last Chg Pct
BF.B 76.77 +0.11 +0.14%
The "Chart of the Day" is Brown Forman (BF.B), which showed up on Tuesday's Barchart "All Time High" list. Brown Forman on Tuesday posted a new all-time high of $77.65 and closed 0.14% higher. TrendSpotter has been Long since Oct 10 at $73.55. In recent news on the stock, Citigroup on Nov 29 reiterated its Buy recommendation on expectations for robust top and bottom line growth driven by the company's Jack Daniel's franchise. The company back on Aug 31 said that its Jack Daniels Tennessee Honey is "off to a great start." Brown Forman, with a market cap of $10.8 billion, is one of the world's largest purveyors of wine and spirits with brands that include Jack Daniel's, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra.
bf_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

Tuesday, November 29, 2011

Orbcomm

Today I added Orbcomm (ORBC) to the Barchart Van Meerten Speculative portfolio for positive price momentum:


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • 10 new highs and up 13.62% in the last month
  • Above its 20, 50 and 100 day moving averages
  • Relative Strength Index 64.70% and rising
  • Barchart computes a technical support level at 3.10
  • Recently traded at 3.17 with a 50 day moving average of 2.76

Global Cash Access

Today I added Global Cash Access (GCA) to the Barchart Van Meerten Speculative portfolio for positive price momentum:


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • 10 new highs and up 40.73% in the last month
  • Above its 20, 50 and 100 day moving averages
  • Relative Strength Index 74.42% and rising
  • Barchart computes a technical support level at 3.99
  • Recently traded at 4.25 with a 50 day moving average of 3.04

America Electric Technologies

Today I added American Electric Technologies (AETI) to the Barchart Van Meerten Speculative portfolio for positive price momentum:


Barchart technical indicators:
  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • 15 new highs and up 8.42% in the last month
  • Above its 20, 50 and 100 day moving averages
  • Relative Strength Index 65.12% and rising
  • Barchart computes a technical support level at 3.75
  • Traded recently at 4.12 with a 50 day moving average of 3.79

Barchart Morning Call 11/29

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are higher with the Euro Stoxx 50 up +0.40% and Dec S&Ps up +7.40 points at a 1-week high. The dollar and Treasuries weakened and commodities rose as global stock markets rallied for a second day. The main bullish factor was strong demand for an Italian government debt sale where Italy sold 7.5 billion euros of 3-year notes with a 1.5 bid-to-cover ratio, up from a 1.35 bid-to-cover at a previous sale. European finance ministers are meeting today in Brussels to discuss the debt crisis and how to boost the European Financial Stability Facility. The dollar and Treasuries were undercut after Fitch Ratings late yesterday affirmed its top AAA grade for the U.S. but lowered its outlook for the long-term rating of the U.S. to negative from stable due to "declining confidence that timely fiscal measures necessary to place U.S. public finances on a sustainable path will be forthcoming," making the probability of a downgrade greater than 50% over the next 2 years. Also limiting gains in European stocks was the -1.1 point decline in Nov Euro-Zone economic confidence to 93.7, greater than expectations of a -0.9 point decline to 93.9 and its lowest level in 2 years.
  • Asian stocks today closed mostly higher with Japan up +2.30%, China +1.37%, Australia +1.08%, South Korea +2.50%, India -0.98%. Asian stocks rose for a second day, led by sharp gains in European and U.S. equity markets, as strong U.S. retail sales underpinned exporters, while optimism European leaders will stem the region's debt crisis lifted financial stocks. Strong Japanese retail sales also lifted Japanese stocks after Oct Japan retail trade increased +1.4% m/m and +1.9% y/y, stronger than expectations of +0.6% m/m and +0.7% y/y. Rising joblessness limited stock gains however, after unemployment in Japan rose more than expected when the Oct Japan jobless rate jumped +0.4 to 4.5%, higher than expectations of +0.1 to 4.2%, while the Oct job-to-applicant ratio remained unchanged at 0.67 and failed to increase for the first time in 5 months.
Overnight U.S. Stock News
  • December S&Ps this morning are trading up +7.40 points at a 1-week high. The US stock market yesterday finished sharply higher after U.S. Thanksgiving retail sales climbed to a record and optimism increased that European leaders were taking the necessary steps to alleviate the region's debt crisis: Dow Jones +2.59%, S&P 500 +2.92%, Nasdaq Composite +3.52%. The Nasdaq posted a 1-week high. Bullish factors included (1) a rally in retailer stocks after the National Retail Federation reported that U.S. retail sales during the Thanksgiving weekend rose +16% to a record $52.4 billion, (2) strength in bank stocks after the Welt am Sonntag reported that German Chancellor Merkel and French President Sarkozy are planning a stability pact, which may help stem the European debt crisis, and (3) strong gains in energy and metal producers as crude oil and metals prices rallied sharply.
  • Bearish factors included (1) the warning from Moody's Investors Service that the "rapid escalation" of the European debt crisis threatens all of the region's sovereign ratings, (2) the action by the OECD to cut its 2011 GDP forecast for its 34-member countries to 1.9% from 2.3% predicted in May and the cut to its 2012 GDP forecast to 1.6% from 2.8%, saying "the euro-area crisis represents the key risk to the world economy, and (3) the weaker-than-expected Oct U.S. new home sales (+1.3% to 307,000, slightly weaker than expectations of a -1.0% decline to 310,000).
  • American Airlines (AMR) plunged 38% in pre-market trading after the holding company for American Airlines filed for bankruptcy protection.
  • Hewlett-Packard (HPQ) rose 1.5% in European trading after the company was raised to "outperform" from "sector perform" at RBC Capital.
Today's Market Focus
  • December 10-year T-notes this morning are down -6.5 ticks. T-note prices yesterday slumped to 2-week low early on reduced safe-haven demand after U.S. Thanksgiving retail sales climbed to a record, but prices erased their losses and settled higher on concerns European leaders may fail to stem the region's debt crisis: TYZ11 +2, FVZ11 +3.0, EDH12 +2.5. Bullish factors included (1) increased safe-haven demand for Treasuries after Moody's Investors Service warned that the "rapid escalation" of the European debt crisis threatens all of the region's sovereign ratings, (2) the action by the OECD to cut its 2011 GDP forecast for its 34-member countries to 1.9% from 2.3% predicted in May and the cut to its 2012 GDP forecast to 1.6% from 2.8%, saying "the euro-area crisis represents the key risk to the world economy, and (3) the Fed's action to buy $4.68 billion of Treasuries as part of its Operation Twist program to replace $400 billion in shorter maturities with longer-term securities in its attempt to keep long-term rates low. Bearish factors included (1) carry-over weakness from a plunge in German bunds after the German 10-year bund yield shot up to a 3-1/4 month high of 2.344%, (2) reduced safe-haven demand for Treasuries after stocks rallied sharply when the National Retail Federation reported that U.S. consumers spent a record $52.4 billion during the Thanksgiving holiday weekend, and (3) speculation that European leaders will resolve the region's debt crisis after the Welt am Sonntag reported that German Chancellor Merkel and French President Sarkozy are planning a stability pact.
  • The dollar index this morning is lower with the dollar/yen -0.16 yen and the euro/dollar +0.30 cents. The dollar index yesterday settled sharply lower on reduced safe-haven demand when stocks rallied on strong Thanksgiving weekend retail sales along with euro strength on optimism European leaders are close to resolving the region's debt crisis: Dollar Index -0.423, USDJPY +0.278, EURUSD +0.00821. Bearish factors for the dollar included, (1) reduced safe-haven demand for the dollar when stocks rallied sharply after the National Retail Federation reported that U.S. consumers spent a record $52.4 billion during the Thanksgiving holiday weekend, (2) strength in the euro on optimism European leaders will resolve the region's debt crisis after the Welt am Sonntag reported that German Chancellor Merkel and French President Sarkozy are planning a stability pact and (3) the unexpected increase in Dec German GfK consumer confidence to a 6-month high, which is euro positive. Bullish factors included (1) increased safe-haven demand for the dollar after Moody's Investors Service warned that the "rapid escalation" of the crisis threatens all of the region's sovereign ratings and (2) increased safe-haven demand for the dollar after the OECD cut its 2011 GDP forecast for its 34-member countries to 1.9% from 2.3% predicted in May and cut its 2012 GDP forecast to 1.6% from 2.8%, saying "the euro-area crisis represents the key risk to the world economy.
  • Jan crude oil prices this morning are down -10 cents a barrel and Jan gasoline is +1.57 cents per gallon. Crude oil and gasoline prices rallied sharply yesterday after U.S. Thanksgiving retail sales surged to a record, the dollar fell and France and Germany planned a stability pact to stem the European debt crisis: CLF12 +$1.44, RBF12 +6.92. Jan crude posted a 1-week high. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, (2) data from the National Retail Federation that showed American consumer spent a record $52.4 billion during the Thanksgiving holiday weekend, which portends economic strength and is supportive for energy demand, and (3) a report from the German newspaper Welt am Sonntag that German Chancellor Merkel and French President Sarkozy are discussing a stability agreement among Euro-Zone members that may stem the region's debt crisis. Bearish factors included (1) the action by the OECD to cut its 2011 GDP forecast for its 34-members to 1.9% from a 2.3% forecast in May, which signals reduced fuel consumption and (2) the statement from Libya's National Oil Corp. that Libya's oil output now exceeds 750,000 barrels a day and its second-biggest refinery is operating at full capacity.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): TIF-Tiffany (BEST earnings consensus $0.61), RAH-Ralcorp Holdings (1.39), THO-Thor Industries (0.42), BECN-Beacon Roofing Supply (0.54), FSC-Fifth Street Finance (0.26), OVTI-Omnivision Technologies (0.33).
Global Financial Calendar
Tuesday 11/29/11
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET Redbook weekly retailer sales.
0900 ET Sep S&P/CaseShiller composite-20 home price index expected -0.1% m/m and -3.0% y/y, Aug -0.1% m/m and 3.8% y/y. Q3 S&P/CaseShiller composite-20 home price index expected -3.1% y/y, Q2 -5.9% y/y
1000 ET Nov consumer confidence expected +4.2 to 44.0, Oct -6.8 to 39.8.
1000 ET Sep FHFA house price purchase only index expected +0.1% m/m, Aug -0.1% m/m. Q3 FHFA house price purchase only index, Q2 0.6% q/q.
1130 ET Fed Vice Chairman Janet Yellen speaks on the global economic recovery at the San Francisco Fed?s annual Asia Economic Policy Conference.
1130 ET Weekly 4-week T-bill auction.
1215 ET Fed Governor Sarah Bloom Raskin moderates panel discussions at the San Francisco Fed?s annual Asia Economic Policy Conference.
1230 ET Atlanta Fed President Dennis Lockhart speaks on the U.S. economy to the University of Georgia?s Terry College of Business Economic Conference.
1630 ET San Francisco Fed President John Williams speaks to reporters at the San Francisco Fed?s annual Asia Economic Policy Conference.
1900 ET Minneapolis Fed President Narayana Kocherlakota speaks to reporters before a speech titled ?Making Monetary Policy? at the Stanford Institute for Economic Policy Research.
2000 ET Minneapolis Fed President Narayana Kocherlakota speaks on ?Making Monetary Policy? at the Stanford Institute for Economic Policy Research.
United Kingdom
0200 ET Nov U.K. nationwide house prices expected unchanged m/m and +1.3% y/y, Oct +0.4% m/m and +0.8% y/y.
0430 ET Oct U.K. net consumer credit expected +0.5 billion pounds, Sep +0.6 billion pounds.
0430 ET Oct U.K. mortgage approvals expected +51,800, Sep +51,000.
0430 ET Oct U.K. M4 money supply, Sep -0.4% m/m and -1.7% y/y.
1901 ET Nov U.K. GfK consumer confidence survey expected -1 to -33, Oct -2 to -32.
Euro-Zone
0500 ET Nov Euro-Zone business climate indicator expected -0.30, Oct -0.18.
0500 ET Nov Euro-Zone economic confidence expected -0.9 to 93.9, Oct -0.2 to 94.8.
1930 ET ECB Executive Board member Juergen Stark delivers a speech on ?Globalization and Monetary Policy: From Virtue to Vice?? organized by the Globalization and Monetary Policy Institute of the Dallas Fed.
n/a Eurozone finance ministers meet in Brussels.
Japan
1815 ET Nov Japan Markitt/JMMA manufacturing PMI, Oct +1.3 to 50.6.
1950 ET Oct Japan industrial production expected +1.1% m/m and -1.0% y/y, Sep -3.3% m/m and -3.3% y/y.
2030 ET Oct Japan labor cash earnings expected -0.2% y/y, Sep -0.4% y/y.
2300 ET Oct Japan vehicle production, Sep -4.5% y/y.

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

How to play Wal-Mart

COMPLETE ARTICLE AND MORE GRAPHS

One of the most popular stores on the planet Wal-Mart (WMT) is also one of the most popular stocks with both the professional and individual investors.  17 Wall Street brokerage firms have assigned 27 analysts to follow the company's every move.  According to this graph provided by Barchart the stock is trading very close to its recent high:




Barchart technical indicators:
  • Barchart uses various technical indicators from 7 days to 6 months to analyze the direction of a stock's momentum
  • At the present time the sell indicators are weakening and the buy indicators are strengthening
  • 32% Barchart technical buy signal
  • Trend Spotter hold signal and will change to a buy at 58
  • Below its 20 day moving average but above its 50 and 100 day moving averages
  • Just 3.59% below its 1 year high
  • Relative strength Index 53.53%
  • Barchart computes a technical support level at 56.54
  • Recently traded at 57.28 with a 50 day moving average of 55.40

Jim Van Meerten is a Marketocracy Master






Panera Bread Company - PNRA - Barchart Chart of the Day

Barchart.coms Chart of the Day - Panera Bread Company (PNRA)
Related Stocks
PNRA - Panera Bread Company
Sym Last Chg Pct
PNRA 139.55 +6.47 +4.86%
The "Chart of the Day" is Panera Bread Company (PNRA), which showed up on Monday's Barchart "All Time High" list and "Gap Up" list. Panera on Monday rallied by 4.86% and posted a new all-time high of $139.93. TrendSpotter has been Long since Oct 26 at $133.64. In recent news on the stock, Panera on Oct 25 reported Q3 EPS of 97 cents versus the consensus of 94 cents. On Oct 26, Piper Jaffray reiterated its Overweight rating and raised its target to $156 from $148. Also on Oct 26, Oppenheimer reiterated its Outperform rating and raised its target to $150 from $135. Sterne Agee on Oct 27 reduced its rating to Neutral from Buy due to valuation. Panera Bread, with a market cap of $3.9 billion, operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company.

pnra_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: 75% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy


Barchart links for further information:

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Quote
Detailed Quote
Chart

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


Chart of the Day Archive
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Monday, November 28, 2011

Citizens South Banking

This afternoon I deleted Citizen;s South Banking (CSBS) fro the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart Technical Indicators:
  • 88% Barchart overall technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 26.78% off its 1 year high
  • Relative strength Index 39.72% and falling
  • Closed at 3.80 with a 50 day moving average of 4.02
Jim Van Meerten is a Marketocracy Master

Starbucks

COMPLETE ARTICLE AND MORE GRAPHS


Stock picking is an important part of making money in the market but stock picking without good portfolio management will lose you a bundle.  Starbucks (SBUX) is a company that is on almost everyones' watch list but let's look on why it's a good stock and how we should play it.  Right now the stock is in a little bit of recovery along with the rest of the market.  As this graph provided by Barchart shows the stock currently is below its 20 day moving average but above its 50 and 100 day moving averages:



Barchart technical indicators:

  • Barchart uses various technical price momentum indicators from 7 day to 6 months to analyze the current direction of a stock's price momentum
  • At the present time sell indicators are weakening and buy indicators are strengthening
  • 16% Barchart overall technical buy signal - strengthening
  • Trend Spotter hold but this might become a buy near 44
  • The stock is only 5.57% off its 1 year high
  • The stock is below its 20 day moving average but above its 50 and 100 day moving averages
  • The Relative Strength Index is 50.67%
  • Barchart computes a technical support level at 40.95
  • Recently traded at 42.22 with a 50 day moving average of 41.22

Summary: With Starbucks (SBUX) looking to have double digit increase of sales and earnings it is definitely a stock to be picked.  The way to play the stock is to buy when its trades above its 20 day moving average and use the 14 day turtle channel or 50 day moving average as a stop loss. At the moment the stock is trading at 41.86 with a 20 day moving average of 42.64 and the lower 14 day turtle channel at 40.75.  Keep your powder dry and look to get in now:


Jim Van Meerten is a Marketocracy Master




Barchart Morning Call 11/28

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are up sharply with the Euro Stoxx 50 up +2.68% and Dec S&Ps up +32.30 points. The dollar and Treasuries are sharply lower and commodities rose, with crude oil back up over $100 a barrel at a 1-week high, after U.S. retail sales during the Thanksgiving weekend increased +16% to a record $52.4 billion, according to National Retail Federation data. The euro rallied and credit default swaps to insure the debts of European nations fell after Italian Prime Minister Monti said he will propose more austerity measures this week to balance the country's budget by 2013, while the German newspaper Welt am Sonntag reported that German Chancellor Merkel and French President Sarkozy are discussing an agreement under which member states will commit to tighter budget discipline without waiting for treaty changes. An unexpected increase in German consumer confidence also boosted stocks after the Dec German GfK consumer confidence survey rose +0.2 to 5.6, stronger than expectations of -0.2 to 5.1 and its best level in 6 months. Undercutting the euro and stocks was the warning from Moody's Investors Service that the "rapid escalation" of the crisis threatens all of the region's sovereign ratings, along with the action by the OECD to cut its 2011 GDP forecast for its 34-member countries to 1.9% from 2.3% predicted in May and the cut to its 2012 GDP forecast to 1.6% from 2.8%, saying "the euro-area crisis represents the key risk to the world economy."
  • Asian stocks today closed stronger with Japan up +1.56%, China +0.13%, Australia +1.85%, South Korea +2.41%, India +3.01%. Asian stocks advanced as exporters gained on the prospects for increased earnings after Black Friday retail sales in the U.S. rose to a record, while shipping companies rose on bargain hunting after the sector had plunged over the past month. Stocks in China came off of their best levels after a report from the OECD warned that property risks are "overshadowing" China's economic outlook as a slowdown in sales threatens to trigger developer collapses. The OECD also warned that Japan risks seeing a spike in government bond yields unless it controls a debt load set to approach 230% of GDP in 2013.
Overnight U.S. Stock News
  • December S&Ps this morning are trading up sharply by +32.30 points. The US stock market last Friday was whipsawed lower and higher on several European debt headlines and finally finished lower after a report from Reuters said Greece is demanding private investors accept larger losses on their holdings of Greek debt: Dow Jones -0.23%, S&P 500 -0.27%, Nasdaq Composite -0.75%. The S&P 500, the Dow and the Nasdaq all posted 1-1/2 month lows. Bearish factors included (1) concern eh European debt crisis is worsening after Italian borrowing costs rose to a 14-year high and credit default swaps to insure European government debt rose to a record, (2) the action by Fitch Ratings to cut Portugal's credit rating to junk, the action by Moody's Investors Service to downgrade Hungary's credit rating to junk, and Standard & Poor's cut to Belgium's credit rating by one step to AA with a negative outlook, (3) weakness in bank stocks after the Financial Times reported the European Financial Stability Facility may fail to raise enough funds to increase its capacity to more than 1 trillion euros as planned because of deterioration in market conditions over the past month, and (4) a report from Reuters that Greece is demanding new bonds issued to investors as part of a debt swap have a net present value of 25%, lower than the "high 40s the banks have in mind."
  • Bullish factors included (1) a Reuters report that cited EU officials saying Euro-Zone nations are considering dropping private-sector involvement from their permanent bailout fund, which bolstered speculation European leaders will have an easier time implementing further bailouts and (2) speculation European leaders will do more to stem the region's debt crisis after Italian Prime Minister Monti said that German Chancellor Merkel and French President Sarkozy "confirmed their support for Italy."
  • JPMorgan Chase (JPM) rose 3.1% and Bank of America (BAC) jumped 4.8% in pre-market trading on carry-over support from a rally in European banking stocks.
Today's Market Focus
  • December 10-year T-notes this morning are down -25.5 ticks. T-note prices last Friday retreated on carry-over weakness from a fall in German bunds along with reduced safe-haven demand after European officials said they are considering dropping private-sector involvement from their permanent bailout fund: TYZ11 -18, FVZ11 -7.0, EDH12 unchanged. Bearish factors included (1) carry-over weakness from a slide in German bunds to a 3-1/4 month low and (2) reduced safe-haven demand for Treasuries after a Reuters report cited EU officials saying Euro-Zone nations are considering dropping private-sector involvement from their permanent bailout fund, which fueled speculation European leaders will have an easier time implementing further bailouts. Bullish factors included (1) increased safe-haven demand for Treasuries on concern the European debt crisis is worsening after credit default swaps to insure European government debt rose to a record and EU Economic Monetary Affairs Commissioner Rehn said it looks like contagion is spreading to core countries and (2) increased safe-haven demand for Treasuries after Fitch Ratings cut Portugal's credit rating to junk and Moody's Investors Service downgraded Hungary's credit rating to junk.
  • The dollar index this morning is weaker with the dollar/yen +0.01 yen and the euro/dollar +1.26 cents. The dollar index last Friday posted a 1-1/2 month high and settled higher on signs the European sovereign-debt crisis has worsened after Italy's borrowing costs rose to a 14-year high and as French consumer confidence fell more-than-expected to a 2-3/4 year low: Dollar Index +0.545, USDJPY +0.628, EURUSD -0.01143. Bullish factors for the dollar included, (1) the slump in the euro to a 1-1/2 month low against the dollar on concern Europe's debt crisis is worsening after credit default swaps to insure European government debt rose to yet another record high and Italy's borrowing costs soared after it sold 8 billion euros of 6-month bills at a rate of 6.504%, a 14-year high, (2) comments from EU Economic Monetary Affairs Commissioner Rehn who said it looks like contagion is spreading to core countries, (3) euro negative comments from ECB Council member Coene who said an additional interest rate cut by the ECB is probable if current trends continue, (4) the action by Fitch Ratings to cut Portugal's credit rating to junk along with the action by Moody's Investors Service to downgrade Hungary's credit rating to junk, (5) the bigger-than-expected decline in the Nov French consumer confidence indicator to a 2-3/4 year low, which is euro negative, and (6) the fall in the yen to a 2-week low against the dollar after Standard & Poor's said Japan hasn't made progress in tackling its public debt burden, a sign the ratings company may be preparing to downgrade Japan's sovereign debt. Bearish factors included (1) reduced safe-haven demand for the dollar as stocks rallied after Italian Prime Minister Monti said that German Chancellor Merkel and French President Sarkozy "confirmed their support for Italy," and (2) a report from Reuters that cited European officials who said there may be changes to the European Stability Mechanism due to come into force in 2013 that would eliminate the clause on private-sector involvement in future bailouts, which is euro supportive as it should make it easier for European leaders to pass additional bailout measures.
  • Jan crude oil prices this morning are up +$2.99 a barrel at a 1-week high and Jan gasoline is +7.41 cents per gallon. Crude oil and gasoline prices last Friday gyrated betweens gains and losses and finally settled mixed as speculation European leaders will do more to stem the region's debt crisis offset strength in the dollar: CLF12 +$0.60, RBF12 -6.63. Jan crude posted a 2-week low but erased its losses and finished higher. Bearish factors included (1) the rally in the dollar index to a 1-1/2 month high, which reduces investment demand in commodities, (2) concern the European debt crisis will worsen after credit default swaps to insure European government debt rose to a record, and (3) comments from EU Economic Monetary Affairs Commissioner Rehn who said it looks like contagion is spreading to core countries, which could further hamper European fuel demand. Bullish factors included (1) a rally in stock prices, which bolsters confidence in the economic outlook and energy demand, on speculation European leaders will do more resolve the debt crisis after Italian Prime Minister Monti said that German Chancellor Merkel and French President Sarkozy "confirmed their support for Italy," and (2) an increase in geopolitical risks after France called for a European embargo on crude supplies from Iran over objection to Iran's nuclear program.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CPRT-Copart (BEST earnings consensus $0.58), HI-Hillenbrand (0.36), NPD-China Nepstar Chain Drugstore (0.02), TAOM-Taomee Holdings Ltd. (0.08), CO-China Cord Blood Corp. (0.06).
Global Financial Calendar
Monday 11/28/11
United States
1000 ET Oct new home sales expected -1.0% to 310,000, Sep +5.7% to 313,000.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
EUR 0400 ET
0500 ET OECD releases its economic outlook for Nov.
United Kingdom
0600 ET Nov U.K. CBI reported sales expected -12, Oct -11.
Germany
0700 ET Dec German GfK consumer confidence survey expected -0.2 to 5.1, Nov +0.1 to 5.3.
n/a Nov German CPI (EU harmonized) expected -0.1% m/m and +2.7% y/y, Oct +0.1% m/m and +2.9% y/y.
France
1200 ET Oct French jobseekers-net change expected +13,000, Sep +26,000. Oct total jobseekers expected 2,796,500, Sep 2.780,500.
Japan
1830 ET Oct Japan jobless rate expected +0.1 to 4.2%, Sep -0.2 to 4.1%, Oct job-to-applicant ratio expected 0.68, Sep 0.67.
1830 ET Oct Japan overall household spending expected -1.5% y/y, Sep -1.9% y/y.
1850 ET Oct Japan retail trade expected +0.6% m/m and +0.7% y/y, Sep -1.4% m/m and -1.1% y/y.

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

Kinder Morgan Management - KMR - Barchart Chart of the Day

Barchart.coms Chart of the Day - Kinder Morgan Management (KMR)
Related Stocks
KMR - Kinder Morgan Management Llc
Sym Last Chg Pct
KMR 69.56 +2.20 +3.27%
The "Chart of the Day" is Kinder Morgan Management (KMR), which showed up on Friday's Barchart "All Time High" list. KMR on Friday rallied by 3.27% and posted a new all-time high of $69.56. TrendSpotter has been Long since Oct 11 at $61.82. In recent news on the stock, Kinder Morgan (KMI) and El Paso (EP) are in the process of executing a merger agreement which will create the largest midstream and the fourth largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines. The transaction is expected to be immediately accretive for dividends per share at Kinder Morgan Management (KMR). Kinder Morgan Management, with a market cap of $6.5 billion, is the largest independent owner/operator of products pipelines in the country, transporting more than two million barrels a day of gasoline, jet fuel, diesel fuel and natural gas liquids through more than 10,000 miles of pipelines.

kmr_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: 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