Friday, January 20, 2012

Cheniere Energy Partners LP - CQP - new highs

On Barchart's new high list today: Cheniere Energy Partners LP - (CQP)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs and up 60.87% in the last month
  • Relative Strength Index 77.62%
  • Barchart computes a technical support level at 19.92
  • Recently traded at 20.47 with a 50 day moving average of 17.33

Tri-Tech Holding - TRIT - new highs

On Barchart's new high list today: Tri-Tech Holdings (TRIT)



Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 60.87% in the last month
  • Relative Strength Index 88.87%
  • Barchart computes a technical support level at 6.09
  • Recently traded at 6.66 with a 50 day moving average of 4.53

CVS Corp - CVS - new highs

On Barchart's new high list today: CVS Corp (CVS)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs and up 17.29% in the last  month
  • Relative Strength Index 71.78%
  • Barchart computes a technical support level at 42.29
  • Recently traded at 42.88 with a 50 day moving average of 39.46


American Waterworks - AWK - Barchart Chart of the Day

Barchart.coms Chart of the Day - American Water Works (AWK)
Related Stocks
AWK - American Water Works
Sym Last Chg Pct
AWK 32.93 +0.49 +1.51%
The "Chart of the Day" is American Water Works (AWK), which showed up on Thursday's Barchart "All Time High." AWK on Thursday posted a new all-time high of $32.98 and closed up 1.51%. TrendSpotter has been Long since Dec 21 at $31.80. In recent news on the stock, AWK management offered guidance for FY2011 EPS of $1.75-$1.82 versus the consensus of $1.78 and FY2012 guidance of $1.90-2.00 versus the consensus of $1.91. Ladenburg on Jan 11 upgraded AWK to Buy from Neutral. American Water Works, with a market cap of $5.7 billion, is the largest investor-owned U.S. water and wastewater utility company.

awk_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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Technicals Summary
Trader's Cheat Sheet™

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Barchart Snapshot
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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 1/20

Barchart Morning Call

Fri, 20 Jan 2012 07:00:00 -0600

Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 down -0.41% and Mar S&Ps down -1.70 points. The dollar is higher and most commodities are lower as Greek officials and private creditors meeting for a third day struggle to reach agreement on a debt swap plan. Google plunged 8.0% in pre-market trading and is another negative factor pressuring stock prices after Google's Q4 profit of $9.50 a share was well below analysts' estimates of $10.50. Limiting losses in stocks is the decline in European banks' dollar funding costs after the 3-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, narrowed to 76 bp below the euro interbank offered rate, the lowest in 5-1/4 months.
  • Asian stocks today closed jigher with Japan up +1.47%, China +1.45%, Australia +0.59%, South Korea +2.13%, India +0.57%. A decline in European bond yields and a plunge in U.S. jobless claims to a 3-3/4 year low eased European debt crisis concerns and boosted Asian exporters, which sent Japan's Nikkei 225 Stock Index to a 2-1/2 month high and China's Shanghai Stock Index to a 5-week high. Chinese stocks were also boosted by a report from Reuters that said China's State Council is reviewing a proposal to allow local pension funds to invest 10% to 20% of their assets in stocks. Chinese markets will be closed all of next week for the Lunar New Year holiday.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -1.70 points. The US stock market on Thursday settled higher for a third day as European debt concerns receded and after weekly initial U.S. jobless claims plunged to a 3-3/4 year low: Dow Jones +0.36%, S&P 500 +0.49%, Nasdaq Composite +0.67%. The S&P 500 and the Dow posted 5-1/2 month highs, while the Nasdaq rallied to a 10-3/4 year high. Bullish factors included (1) carry-over support from a rally in European stocks on reduced debt concerns after French borrowing costs dropped at an auction and Spain sold more bonds than its planned target, (2) continued improvement on the U.S. labor front after weekly initial U.S. unemployment claims dropped more than expected to their lowest level in 3-3/4 years (-50,000 to 352,000 versus expectations of -15,000 to 384,000), and (3) signs that China may relax credit controls and boost lending after 2 people with knowledge of the matter said the PBOC will let China's largest banks increase new loans by a maximum of 5% from a year earlier, while the banking regulator will delay implementing the most stringent capital adequacy ratios and may lower risk weightings for loans to small businessmen and companies.
  • Bearish factors on Thursday included (1) the bigger-than-expected decline in Dec housing starts (-4.1% to 657,000 versus expectations of -0.7% to 680,000), (2) the smaller-than-expected increase in the Jan Philadelphia Fed manufacturing index (+0.5 to 7.3 versus expectations of +3.5 to 10.3), and (3) the quarterly report from the European Commission that said the outlook for industry in the Euro-Zone has deteriorated.
  • Google (GOOG) sank 8.0% in pre-market trading after the company reported Q4 profit of $9.50 a share, well below analysts' estimates of $10.50.
  • International Business Machines (IBM) rose 2.0% in European trading after the company forecast earnings will increase to at least $14.85 a share this year, better than analysts' estimtes of $14.81.
  • Microsoft (MSFT) climbed 2.1% in pre-market trading after the company reported Q2 profit of 78 cents a share, beating analysts' estimates of 77 cents.
Today's Market Focus
  • March 10-year T-notes this morning are down -4.5 ticks. T-note prices on Thursday dropped to a 1-week low and settled lower after weekly U.S. jobless claims plunged and on reduced safe-haven demand for Treasuries when Spain and France had successful government bond auctions and stocks rallied: TYH2 -18.0, FVH2 -6.7, EDM2 unchanged. Bearish factors included (1) the larger-than-expected fall in weekly initial U.S. unemployment claims which dropped to their lowest level in 3-3/4 years (-50,000 to 352,000 versus expectations of -15,000 to 384,000) and (2) reduced safe-haven demand for Treasuries after French borrowing costs dropped at an auction and Spain sold more bonds than its planned target, which eases concern that European nations will struggle to finance their debts. Bullish factors included (1) the bigger-than-expected decline in Dec housing starts (-4.1% to 657,000 versus expectations of -0.7% to 680,000) and (2) the smaller-than-expected increase in the Jan Philadelphia Fed manufacturing index (+0.5 to 7.3 versus expectations of +3.5 to 10.3).
  • The dollar index this morning is higher with the dollar/yen +0.02 yen and the euro/dollar -0.53 cents. The dollar index on Thursday tumbled to a 2-week low and finished lower on reduced safe-haven demand after French borrowing costs dropped at an auction and Spain sold more bonds than its planned target and as the S&P 500 rallied to a 5-1/2 month high: Dollar Index -0.393, USDJPY +0.280, EURUSD +0.01050. Bearish factors included (1) strong demand for bond auctions of Spanish and French government debt, which boosts optimism the European sovereign debt crisis is being contained and reduces the safe-haven demand for the dollar and (2) ECB data that showed investors boosted holdings of euro assets by +2.4 billion euros in Nov, which indicates the European debt crisis has yet to cause widespread liquidation of euro assets. Bullish factors included (1) the plunge in weekly U.S. jobless claims to their lowest level in 3-3/4 years, which may boost economic growth and is dollar positive and (2) the quarterly report from the European Commission that said the outlook for industry in the Euro-Zone has deteriorated, which is euro negative.
  • Feb crude oil prices this morning are down -62 cents a barrel and Feb gasoline is -0.30 of a cent per gallon. Crude oil and gasoline prices Thursday settled lower on weak gasoline demand and after weekly DOE gasoline supplies rose more than expected to a 10-month high: CLG12 -$0.20, RBG12 -0.96. Bearish factors included (1) the larger-than-expected increase in weekly DOE gasoline supplies to their highest level in 10 months (+3.72 million bbl to 227.5 million bbl versus expectations of +2.35 million bbl), (2) slack demand after the DOE said U.S gasoline demand for the week ended Jan 13 fell -2.2% to 8 million barrels a day, the weakest in over 10 years, and (3) the weaker than expected Dec U.S. housing starts and Jan Philadelphia Fed manufacturing activity, which indicates reduced energy demand. Bullish factors included (1) the slide in the dollar index to a 2-week low, (2) the unexpected decline in weekly DOE crude supplies (-3.44 million bbl versus expectations of a +3.0 million bbl build), and (3) signs of strength in the labor market that may boost economic confidence and fuel demand after weekly initial U.S. unemployment claims fell to a 3-3/4 year low.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): GE-General Electric (BEST earnings consensus $0.38), SLB-Schlumberger Ltd. (1.09), ED-Consolidated Edison (0.72), PH-Parker Hannifin (1.63), FITB-Fifth Third Bancorp (0.35), STI-SunTrust Banks (0.27), CMA-Comerica (0.51), FHN-First Horizon National (0.14), PB-Prosperity Bancshares (0.76), WABC-Westamerica Bancorporation (0.79), HTLD-Heartland Express (0.18), VIVO-Meridian Bioscience (0.19), RBCAA-Republic Bancorp (0.22).
Global Financial Calendar
Friday 1/20/12
United States
1000 ET Dec existing home sales expected +5.2% to 4.65 million, Nov +4.0% to 4.42 million.
Japan
0000 ET Revised Nov Japan coincident index CI, previous 90.3. Revised Nov leading index CI, previous 92.9.
Germany
0200 ET Dec German producer prices expected +0.1% m/m and +4.6% y/y, Nov +0.1% m/m and +5.2% y/y.
United Kingdom
0430 ET Dec U.K. retail sales ex-auto fuel expected +0.7% m/m and +1.7% y/y, Nov -0.7% m/m and +0.5% y/y.
0430 ET Dec U.K. retail sales with auto fuel expected +0.6% m/m and +2.4% y/y, Nov -0.4% m/m and +0.7% y/y.
Canada
0700 ET Dec Canada CPI expected -0.1% m/m and +2.8% y/y, Nov +0.1% m/m and +2.9% y/y.
0700 ET Dec Bank of Canada core CPI expected -0.3% m/m and +2.2% y/y, Nov +0.1% m/m and +2.1% y/y.
0830 ET Nov Canada wholesale sales, Oct +0.9% m/m.

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

Thursday, January 19, 2012

News Corp - NWSA - moving up

On Barchart's NASDAQ 100 new highs list today: News Corp (NWSA)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 15.49% in the last month
  • Relative strength Index 70.15%
  • Barchart computes a technical support level at 19.23
  • Recently traded at 19.40 with a 50 day moving average of 17.49

Gilead Sciences - GILD- Moving up

On Barchart's NASDAQ 100 new high list this morning:  Gilead Sciences (GILD)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 27.85% in the last month
  • Relative Strength Index 84.60%
  • Barchart computes a technical support level at 45.60
  • Recently traded at 47.04 with a 50 day moving average of 40.98

Whole Food -WFM - moving up

On Barchart's NASDAQ 100 new high list this morning:  Whole Foods (WFM)




Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 17.70% in the last month
  • Relative Strength Index 78.15%
  • Barchart computes a technical support level at 75.79
  • Recently traded at 77.87 with a 50 day moving average of 68.68

Barchart Morning Call 1/19

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are higher with the Euro Stoxx 50 up +0.17% and Mar S&Ps up +1.50 points at a 5-1/2 month high. The dollar index fell to a 2-week low and most commodities rose with gold at a 1-month high and copper at a 3-3/4 month high after French borrowing costs dropped at an auction and Spain sold more bonds than its planned target. Spain sold 6.61 billion euros of bonds, compared with a maximum target for the sale of 4.5 billion euros, while French 2-year note yields fell to 1.05% from 1.58% at a similar auction on Oct, which boosts optimism the European sovereign debt crisis is being contained. Another positive for stocks is the report from people with knowledge of the matter that China is letting its larger banks boost lending and is weighing a plan to relax capital requirements.
  • Asian stocks today closed mostly higher with Japan up +1.04%, China +1.91%, Australia -0.07%, South Korea +1.39%, India +1.17%. Asian stocks rose amid signs China will relax credit controls and boost lending. According to 2 people at state banks who have knowledge of the matter, the PBOC will let China's largest banks increase new loans by a maximum of 5% from a year earlier, while the banking regulator will delay implementing the most stringent capital adequacy ratios and may lower risk weightings for loans to small businessmen and companies. Technology stocks in Asia rose after ASML Holding NV, Europe's biggest semiconductor-equipment maker, forecast higher Q1 orders, and after sales at U.S. chipmaker Linear Technology beat analysts' projections.
Overnight U.S. Stock News
  • March S&Ps this morning are trading up +1.50 points at a fresh 5-1/2 month high. The US stock market on Wednesday moved higher throughout the day and settled near its high after the IMF's proposal to increase its lending capacity by $500 billion reduced European debt concerns while homebuilders surged after the Jan NAHB housing index climbed to a 4-1/2 year high: Dow Jones +0.78%, S&P 500 +1.11%, Nasdaq Composite +1.53%. The S&P 500, the Dow and the Nasdaq all posted 5-1/2 month highs. Bullish factors included (1) reduced European debt concerns after the IMF proposed a $500 billion expansion of its lending resources to insulate the global economy against any worsening of Europe's debt crisis and after a Greek finance official said his government could forge an agreement on a voluntary debt swap with creditors by the end of this week, (2) a rally in homebuilders after the Jan HAHB housing market index rose more than expected to its best level in 4-1/2 years (+4 to 25 versus expectations of +1 to 22), and (3) strength in technology stocks after semiconductor companies advanced when Linear Technology and Taiwan Semiconductor reported better-than-expected sales forecasts.
  • Bearish factors on Wednesday included (1) concerns over a global economic slowdown after the World Bank cut its 2012 global growth forecast to +2.5% from a June estimate of +3.6% and Germany's Economy Ministry cut its 2012 German GDP forecast to +0.7% from an Oct forecast of +1.0% and (2) Dec U.S. industrial production which rose +0.4%, weaker than expectations of +0.5%, while Nov industrial production was revised lower to -0.3% from the originally reported -0.2%.
  • Ebay (EBAY) climbed 3.4% in European trading after the company reported Q4 revenue rose 35% to $3.38 billion, better than analysts' estimates of $3.32 billion.
Today's Market Focus
  • March 10-year T-notes this morning are up +1.5 ticks. T-note prices on Wednesday moved lower after Dec core producer prices unexpectedly increased and after safe-haven demand for Treasuries fell as the stock market rallied: TYH2 -10.5, FVH2 -3.7, EDM2 -2.5. Bearish factors included (1) the larger-than-expected increase in Dec core PPI prices (+0.3% m/m and a 2-1/2 year high of +3.0% y/y versus expectations of +0.1% m/m and +2.8% y/y), (2) the larger-than-expected increase in the Jan NAHB housing market index which climbed to its best level in 4-1/2 years (+4 to 25 versus expectations of +1 to 22), and (3) reduced safe-haven demand for Treasuries after the IMF's proposal to boost its lending capacity by $500 billion reduced European debt concerns and lifted stocks. Bullish factors included (1) concern over a global economic slowdown after the World Bank cut its 2012 global growth forecast to +2.5% from a June estimate of +3.6% and Germany's Economy Ministry cut its 2012 German GDP forecast to +0.7% from an Oct forecast of +1.0%, (2) solid foreign demand for U.S. government debt after the Nov long-term TIC flows showed foreign holdings of Treasuries rose +1.7% to a record $4.75 trillion, and (3) Dec U.S. industrial production which rose +0.4%, weaker than expectations of +0.5%, while Nov was revised lower to -0.3% from the originally reported -0.2%.
  • The dollar index this morning is lower and trading at a 2-week low with the dollar/yen +0.03 yen and the euro/dollar +0.30 cents. The dollar index on Wednesday fell to a 1-1/2 week low and finished lower on reduced safe-haven demand after the IMF proposed boosting its lending capacity by $500 billion: Dollar Index -0.573, USDJPY -0.005, EURUSD +0.01281. Bearish factors included (1) the proposal by the IMF to expand its lending resources by $500 billion to insulate the global economy against any worsening of Europe's debt crisis, which is euro supportive, (2) reduced demand for dollars after the 3-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, fell to 78 bp below the euro interbank offered rate, a 5-1/4 month low, and (3) fuel for short-covering in the euro after data from the CFTC showed that traders had increased their short euro positions to a record 155,195 contracts in the week ended Jan 10. Bullish factors included (1) increased safe-haven demand on global economic concerns after the World Bank cut its 2012 global growth forecast to +2.5% from a June estimate of +3.6% and Germany's Economy Ministry cut its 2012 German GDP forecast to +0.7% from an Oct forecast of +1.0%, (2) the Nov long-term TIC flows which increased by +$59.8 billion, bigger than expectations of +$40.0 billion and a sign of strong foreign demand for dollar assets, and (3) signs of stronger U.S. economic confidence after the Jan NAHB housing market index rose more than expected to its highest in 4-1/2 years.
  • Feb crude oil prices this morning are up +$1.13 a barrel and Feb gasoline is -0.37 of a cent per gallon. Crude oil and gasoline prices Wednesday settled mixed as crude oil fell after the Obama administration said it will reject the Keystone XL pipeline and gasoline surged to a 3-month high after Hovensa LLC said it will close a refinery in the Virgin Islands that supplies gasoline to the U.S. East Coast: CLG12 -$0.12, RBG12 +5.41. Bullish factors included (1) the weaker dollar, and (2) strength in gasoline on concern gasoline supplies to the U.S. East Coast may be reduced after Hovensa LLC said it will shut its 350,000 barrel-a-day St. Croix refinery in the U.S. Virgin Islands because of mounting losses and weak demand. Bearish factors included (1) the action by the Obama administration to reject the implementation of TransCanada's Keystone XL pipeline from Canada to the U.S Gulf coast, which may increase crude inventories in Cushing, OK, the hub for WTI supplies and delivery point for NYMEX futures contracts, (2) the action by the IEA to cut its 2012 global crude oil demand forecast to an increase of 1.1 million barrels a day, -200,000 bbl less than a previous estimate saying "the risks are to the downside for the global economy and oil demand growth," and (3) the outlook for weekly DOE crude inventories to climb for a fourth week when the DOE reports its weekly inventory data on Thursday. Expectations for Thursday's weekly DOE inventories (delayed 1 day due to the Dr. Martin Luther King Jr. holiday) are for crude supplies to grow by +3.0 million bbl, gasoline stockpiles to climb by +2.35 million bbl, distillate inventories to rise +1.38 million bbl and the refinery utilization rate to drop -0.5 to 85.1%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MSFT-Microsoft (BEST earnings consensus $0.76), IBM-International Business Machines (4.62), GOOG-Google (10.50), INTC-Intel (0.62), BAC-Bank of America (0.14), AXP-American Express (0.97), UNH-UnitedHealth Group (1.04), UNP-Union Pacific (1.82), FCX-Freeport-McMoRan Copper & Gold (0.61), BLK-BlackRock (2.99), MS-Morgan Stanley (-0.57), JCI-Johnson Controls (0.62), COF-Capital One Financial (1.54), BBT-BB&T (0.53), ISRG-Intitive Surgical (3.36).
Global Financial Calendar
Thursday 1/19/12
United States
0830 ET Weekly initial unemployment claims expected -15,000 to 384,000, previous +24,000 to 399,000. Weekly continuing claims expected -38,000 to 3.590 million, previous +19,000 to 3.628 million.
0830 ET Dec CPI expected +0.1% m/m and +3.0% y/y, Nov unchanged m/m and +3.4% y/y. Dec CPI ex food & energy expected +0.1% m/m and +2.2% y/y, Nov +0.2% m/m and +2.2% y/y.
0830 ET Dec housing starts expected -0.7% to 680,000, Nov +9.3% to 685,000. Dec building permits expected no change at 680,000, Nov +5.6% at 680,000.
1000 ET Jan Philadelphia Fed manufacturing index expected +3.5 to 10.3, Dec +3.7 to 6.8.
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 Jan 24-26.
1300 ET Treasury auctions $15 billion 10-year TIPS.
1630 ET Weekly money supply report and Fed balance sheet.
Japan
0030 ET Dec Japan nationwide department store sales, Nov -1.9% y/y.
2330 ET Nov Japan all industry activity index expected -0.9% m/m, Oct +0.8% m/m.
Euro-Zone
0400 ET ECB publishes its monthly report for Jan.
0700 ET ECB President Mario Draghi speaks at a press conference in Abu Dhabi.
1200 ET ECB Council member and Bundesbank President Jens Weidmann speaks at an event in Berlin.
Canada
0830 ET Nov Canada manufacturing sales expected +0.8% m/m, Oct -0.8% m/m.

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

Apple (AAPL) Barchart Chart of the Day

Barchart.coms Chart of the Day - Apple (AAPL)
Related Stocks
AAPL - Apple Inc.
Sym Last Chg Pct
AAPL 429.11 +4.41 +1.04%
The "Chart of the Day" is Apple (AAPL), which showed up on Wednesday's Barchart "All Time High" and the "Gap Up" list. Apple on Wednesday posted a new all-time high of $429.47 and closed up 1.04%. TrendSpotter has been Long since Dec 23 at $403.33. In recent news on the stock, WSJ on Wednesday reported that Apple's computer use is growing in corporate offices. Piper Jaffray on Tuesday lowered its Q4 MAC sales estimates but that was offset by strong iPhone sales, leading Piper Jaffray to reiterate its Overweight rating on Apple. Apple, with a market cap of $390 billion, designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers.

aapl_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

Wednesday, January 18, 2012

Benchmark Electronics - BHE - moving up

Today on Barchart's S&P 600 small cap new high list:  Benchmark Electronics (BHE)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs and up 24.75% in the last month
  • Relative Strength Index 70.79%
  • Barchart computes a technical support level at 15.48
  • Recently traded at 16.15 with a  day moving average of 13.65

Quanex Building Products - NX - Moving Up

On Barchart's S&P 600 small cap new high list today: Quanex Building Products (NX)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • above its 20, 50 and 100 day moving averages
  • 15 new highs and up 34.65% in the last month
  • Relative strength Index 67.46%
  • Barchart computes a technical support level at 16.56
  • Recently traded at 17.32 with a 50 day moving average of 14.90

Meadowbrook Insurance - MIG - moving up

Today on Barchart's S&P 600 small cap new high list: Meadowbrook Insurance (MIG)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 10.89% in the last month
  • Relative Strength Index 68.23%
  • Barchart computes a technical support level at 11.06
  • Recently traded at 10.39 with a 50 day moving average of 10.45

Barchart Morning Call 1/18

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 down -0.06% and Mar S&Ps up +2.40 points. The dollar and Treasuries are lower and most commodities rose after the IMF proposed a $500 billion expansion of its lending resources to insulate the global economy against any worsening of Europe's debt crisis. The IMF is pushing China, Brazil, Russia, India, Japan and oil exporting nations to be the top contributors to the bailout fund that may be initiated at the Feb 25-26 meeting of G-20 finance ministers and central bankers in Mexico City. The IMF currently has $385 billion available for lending and wants to boost that amount to $885 billion. A positive for European bank stocks was the decline in the 3-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, to 78 bp below the euro interbank offered rate, a 5-1/4 month low. Limiting gains in stocks and the euro was the action by Germany's Economy Ministry to cut its 2012 German GDP forecast to +0.7%, down from an Oct forecast of +1.0% as the debt crisis dampens the outlook for sustaining exports. The World Bank also cut its growth estimates as they reduced their 2012 global growth forecast to +2.5% from a June estimate of +3.6%, saying a recession in the Euro-Zone threatens to exacerbate a slowdown in emerging markets.
  • Asian stocks today closed mixed with Japan up +0.99%, China -1.56%, Australia +0.05%, South Korea unchnaged, India -0.09%. Asian stocks found support after German investor confidence rose to a 6-month high, which suggests concern over the European debt crisis is receding. Energy and raw-material producers gained as most commodities rallied, while Japanese makers of factory equipment rose after Japan's Machine Tool Builders' Association said that Japan Dec orders for machine tools climbed +17.4% y/y, a number Credit Suisse AG said was "unexpectedly firm." Chinese stocks closed lower as property developers slid on concern a property-market slowdown will crimp demand for building materials and consumer goods. China's 7-day repurchase rate, a gauge of funding availability in the financial system, jumped 58 bp to 7.72%, the highest in 6-3/4 months as banks hoard cash in the run up to the Lunar New Year holiday next week.
Overnight U.S. Stock News
  • March S&Ps this morning are trading up +2.40 points. The US stock market on Monday settled higher on speculation a slowdown in Chinese growth will prompt its government to ease monetary policy, while European debt concerns eased after German business sentiment surged and Spanish and Greek borrowing costs declined: Dow Jones +0.48%, S&P 500 +0.36%, Nasdaq Composite +0.64%. The S&P 500 and the Dow posted 5-1/2 month highs and the Nasdaq climbed to a 2-1/2 month high. Bullish factors included (1) speculation that China will avoid a hard landing after Q4 China GDP expanded at a +8.9% y/y pace, although stronger than expectations of +8.7% y/y, was the slowest pace of growth in 2-1/2 years and also bolstered speculation the Chinese government will ease monetary policy, (2) reduced European debt concerns after the Jan German ZEW survey of economic sentiment surged to its best level in 6-months (+32.8 to -21.6) and as borrowing costs for Spain and Greece declined when their yields fell at auctions of government debt, and (3) the stronger-than-expected Jan Empire manufacturing index which expanded at its fastest pace in 9-months (+5.3 to 13.5 versus expectations of +1.0 to 10.5).
  • Bearish factors on Monday included (1) the action by Standard & Poor's to downgrade the European Financial Stability Facility to AA+ from AAA, which may reduce the lending capacity of the bailout fund, (2) concern the European sovereign debt crisis may worsen after the Managing Director of Fitch Ratings said Greece is insolvent and will default on its debts as it is unlikely to be able to honor a Mar 20 bond payment of 14.5 billion euros, and (3) weakness in cruise-line companies after Barclays Capital said the action by Carnival's Costa Concordia to run aground off the coast of Italy will hurt the cruise industry as the incident happened at the start of the industry's peak booking season.
  • Yahoo! (YHOO) climbed 4.1% in pre-market trading after co-founder Jerry Yang stepped down, which fueled speculation that the company will sell its Asian assets valued at more than $10 billion.
Today's Market Focus
  • March 10-year T-notes this morning are up +3 ticks. T-note prices on Tuesday settled slightly higher as European debt concerns and Fed buying of long-term Treasuries offset reduced safe-haven demand after the S&P 500 rose to a 5-1/2 month high: TYH2 +1.5, FVH2 +0.7, EDM2 +1.0. Bullish factors included (1) the action by the Fed to purchase $2.75 billion of Treasuries maturing between 2036 and 2041 as part of its Operation Twist program to replace $400 billion of shorter-maturity Treasuries in its holdings with longer-term debt to keep long-term rates low and (2) increased safe-haven demand for Treasuries on concern the European sovereign debt crisis may worsen after the Managing Director of Fitch Ratings said Greece is insolvent and will default on its debts as it is unlikely to be able to honor a Mar 20 bond payment of 14.5 billion euros. Bearish factors included (1) decreased safe-haven demand for Treasuries after stocks rallied when Q4 China GDP expanded at a +8.9% y/y pace, stronger than expectations of +8.7% y/y which reduced concerns of a hard-landing for China, (2) reduced European debt concerns after the Jan German ZEW survey of economic sentiment surged to its best level in 6-months and as borrowing costs for Spain and Greece declined when their yields fell at auctions of government debt, and (3) the stronger-than-expected Jan Empire manufacturing index which expanded at its fastest pace in 9-months (+5.3 to 13.5 versus expectations of +1.0 to 10.5).
  • The dollar index this morning is lower with the dollar/yen unchanged and the euro/dollar +0.49 cents. The dollar index on Tuesday settled lower after the euro gained when Jan German business sentiment surged and as Spanish and Greek borrowing costs declined: Dollar Index +0.745, USDJPY +0.204, EURUSD -0.01352. Bearish factors included (1) the surge in the Jan German ZEW survey of economic sentiment to its best level in 6 months, (2) the decline in the borrowing costs of Spain and Greece when yields fell at auctions of government debt, which reduces concern that the indebted European countries will be able to finance their debts, and (3) reduced safe-haven demand for the dollar after the S&P 500 rallied to a 5-1/2 month high. Bullish factors included (1) increased safe-haven demand for the dollar when the Managing Director of Fitch Ratings said Greece is insolvent and will default on its debts as it is unlikely to be able to honor a Mar 20 bond payment of 14.5 billion euros, (2) the action by Standard & Poor's to downgrade the European Financial Stability Facility to AA+ from AAA, which may reduce the lending capacity of the bailout fund, and (3) concern about the European banking system as lenders continue to refrain from lending due to counter-party risk after Euro-Zone banks parked 501.9 billion euros in overnight funds at the ECB on Monday, the most since the euro was introduced in 1999.
  • Feb crude oil prices this morning are up +45 cents a barrel and Feb gasoline is +0.25 of a cent per gallon. Crude oil and gasoline prices Tuesday settled sharply higher as the dollar weakened, Jan German investor confidence surged and as France pushed for faster enforcement of the EU's proposed ban on oil imports from Iran: CLG12 +$2.01, RBG12 +3.71. Bullish factors included (1) the weaker dollar, (2) the greater-than-expected increase in the Jan German ZEW survey of economic sentiment to its best level in 6 months, which reduces concern the European debt crisis will hinder economic growth and energy demand, (3) comments from 2 unnamed French officials who said that France wants the embargo on Iranian crude to be delayed by no more than 3 months rather than the 6-month delay other EU members are seeking, (4) comments from Saudi Arabian Oil Minister Ali al-Naimi who said that Saudi Arabia aims to stabilize the average crude price worldwide at $100 a barrel in 2012, and (5) the rally in the S&P 500 to a 5-1/2 month high, which bolsters confidence in the economic outlook and fuel demand. Bearish factors included (1) the decline in Q4 China GDP to +8.9% y/y, the weakest pace of growth in 2-1/2 years and signals reduced fuel demand in China, the world's second-largest crude consumer, (2) concern the European debt crisis may worsen after the Managing Director of Fitch Ratings said that Greece is insolvent and will default on its debts as it is unlikely to be able to honor a Mar 20 bond payment of 14.5 billion euros, and (3) carry-over weakness from a fall in natural gas prices to a 10-year nearest-futures low as a milder-than-normal U.S. winter reduces heating demand.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): USB-US Bancorp (BEST earnings consensus $0.63), GS-Goldman Sachs Group (1.23), EBAY-Ebay (0.57), PNC-PNC Financial Services (1.49), KMP-Kinder Morgan Energy Partners (0.61), KMI-Kinder Morgan Inc. (0.29), BK-Bank of New York Mellon (0.53), STT-State Street Corp. (0.94), SCHW-Charles Schwab (0.13), FAST-Fastenal (0.29), NTRS-Northern Trust (0.68), XLNX-Xilinx (0.38), FFIV-F5 Networks (1.01), SLM-SLM Corp. (0.49), CLC-CLARCOR (0.67).
Global Financial Calendar
Wednesday 1/18/12
United States
0700 ET Weekly MBA mortgage applications, previous +4.5% with purchase mortgage sub-index +8.1% and refinancing sub-index +3.3%.
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET Dec PPI expected +0.1% m/m and +5.1% y/y, Nov +0.3% m/m and +5.7% y/y. Dec PPI ex food & energy expected +0.1% m/m and +2.8% y/y, Nov +0.1% m/m and +2.9% y/y.
0855 ET Redbook weekly retailer sales.
0900 ET Nov net long-term TIC flows expected +$40.0 billion, Oct +$4.8 billion.
0915 ET Dec industrial production expected +0.5%, Nov -0.2%. Dec capacity utilization expected +0.3 to 78.1%, Nov 0.2 to 77.8%.
0930 ET Fed Governor Daniel Tarullo testifies before the Financial Services Committee on the proposed Volcker Rule and its impact on the economy.
1000 ET Jan NAHB housing market index expected +1 to 22, Dec +2 to 21.
1130 ET Weekly 4-week T-bill auction.
United Kingdom
0430 ET Dec U.K. jobless claims change expected +7,000, Nov +3,000. Dec claimant count rate expected 5.0%, Nov 5.0%.
0430 ET Nov U.K. avg weekly earnings expected +2.0% 3-mo/year-over-year, Oct +2.0% 3-mo/year-over-year.
0430 ET Nov U.K. weekly earnings ex-bonus expected +1.9% 3-mo/year-over-year, Oct +1.8% 3-mo/year-over-year.
0430 ET Nov U.K. ILO unemployment rate expected 8.3% 3-months, Oct 8.3% 3-months.
1901 ET Dec U.K. nationwide consumer confidence expected -2 to 38, Nov +4 to 40.
Euro-Zone
0500 ET Nov Euro-Zone construction output, Oct -1.4% m/m and -2.8% y/y.

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

Monster Beverage - MNST - Barchart Chart of the Day

Barchart.com's Chart of the Day - Monster Beverage Corp (MNST)
Related Stocks
MNST - Monster Beverage Corp
Sym Last Chg Pct
MNST 99.96 -0.60 -0.60%
The "Chart of the Day" is Monster Beverage Corp (MNST), which showed up on Tuesday's Barchart "All Time High" and the "Gap Up" list. Monster on Tuesday gapped higher to a all-time high of $101.55 and closed up +3.68%. Tuesday's rally was sparked by Goldman Sachs' upgrade for Monster to Conviction Buy from Buy and the hike in the price target to $124 from $95. Monster on Jan 11 declared a two-for-one stock split as of Feb 15. Monster Beverage Corp, with a market cap of $8.3 billion, wells energy drinks, fruit juices, fruit juice smoothies, juice cocktails, iced teas, lemonades, and still water.

mnst_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

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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

Diana Containerships - DCIX - added

Can't sit on the sidelines anymore.  This morning I added Diana Containerships (DCIX) to the Barchart Van Meerten Speculative portfolio for positive price momentum


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 18 new highs and up 49.79% in the last month
  • Relative Strength Index 90.80%
  • Barchart computes a technical support level at 6.77
  • Recently traded at 7.13 with a 50 day moving average of 5.24

Tuesday, January 17, 2012

Dana Hodlings - DAN - New Highs

On Barchart's New High list today: Dana Holdings (DAN)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 30.51% in the last month
  • Relative Strength Index 70.11
  • Barchart computes a technical support level at 14.07
  • Recently traded at 14.46 with a 50 day moving average of 12.65

Johnson Controls - JCI - New Highs

On Barchart's New High list today:  Johnson Controls (JCI)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 21.24% in the last month
  • Relative Strength Index 73.28%
  • Barchart computes a technical support level at 34.47
  • Recently traded at 35.05 with a 50 day moving average of 31.2

LPL Investments - LPLA - moving up

On the Barchart New High list today - LPL Investments (LPLA)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 17.38% in the last month
  • Relative Strength Index 78.73%
  • Barchart computes a technical support level at 32.90
  • Recently Traded at 33.25 with a 50 day moving average of 29.54

Diana Containerships - DCIX - up

On the Barchart New High List again today - Diana Containerships (DCIX)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 17 new highs and up 43.67% in the last month
  • Barchart computes a technical support level at 6.46
  • Relative Strength Index 88.98%
  • Recently traded at 6.80 with a 50 day moving average of 5.20

Valspar - VAL - new highs

On the Barchart New High list again today Valspar (VAL)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 15.70% in the last month
  • Relative Strength Index 79.24%
  • Barchart computes a technical support level at 41.65
  • Recently traded at 42.22 with a 50 day moving average of 37.10

Barchart Morning Call 1/17

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are higher with the Euro Stoxx 50 up +0.61% and Mar S&Ps up +8.00 points at a 5-1/2 month high. The dollar and Treasuries fell and commodities rallied with gold at a 1-month high and copper at a 2-1/2 month high after China's Q4 GDP rose expanded more than forecast and Jan German economic sentiment improved more than expected. The Jan German ZEW survey of economic sentiment surged +32.8 to -21.6, better than expectations of +4.6 to -49.2 and its best level in 6-months. The euro rose against the dollar after Spanish borrowing costs declined when Spain auctioned 12-month debt at an average yield of 2.049%, compared with 4.05% at a similar auction last month and sold 18-month debt at 2.399%, down from 4.226% last month. Limiting gains in the euro and in European stocks were comments from the Managing Director of Fitch Ratings who said Greek 2-year notes are worth about 23% of face value and that Greece is insolvent and will default on its debts as it is unlikely to be able to honor a Mar 20 bond payment of 14.5 billion euros.
  • Asian stocks today closed higher with Japan up +1.05%, China +4.90%, Australia +1.65%, South Korea +1.94%, India +1.71%. Asian stocks rose on speculation the slowest Chinese growth in 10 quarters will prompt monetary easing by the government. Q4 China GDP grew at a +8.9% y/y pace, the weakest in 2-1/2 years, although stronger than expectations of +8.7% y/y. Dec China industrial production climbed +12.8% y/y, stronger than expectations of +12.3% y/y, while Dec China retail sales rose +18.1% y/y, stronger than expectations of +17.2% y/y, which reduces concern of a hard landing in China. In a sign of policy easing, the PBOC said it injected 169 billion yuan ($26.8 billion) into the financial market through 14-day reverse-repurchase operations as sticky inflation pressures prompts the central bank to inject more cash into the market via reverse-repo operations instead of a cut in banks reserve-ratio requirements ahead of the Lunar New Year holiday that starts Jan 23.
Overnight U.S. Stock News
  • March S&Ps this morning are trading up +8.00 points. The US stock market sold-off last Friday amid European credit downgrade concerns along with weakness in bank stocks after JPMorgan's Q4 profit slumped: Dow Jones -0.39%, S&P 500 -0.49%, Nasdaq Composite -0.51%. The Dow posted a 1-week low. Bearish factors included (1) concern the European sovereign debt crisis will worsen after Dow Jones Newswires reported that several European nations, including France, face "imminent" credit downgrades from Standard & Poor's, which happened after the markets closed, (2) weakness in bank stocks when JPMorgan Chase reported its Q4 investment-banking revenue declined -30% from a year earlier as many of its clients stayed on the sidelines because of the ongoing European debt crisis, and (3) the Nov U.S. trade deficit which widened to -$47.8 billion, bigger than expectations of -$45.0 billion and is negative for Q4 US GDP.
  • Bullish factors last Friday included (1) the larger-than-expected increase in the Jan U.S. University of Michigan consumer confidence which rose to its best level in 8 months (+4.1 to 74.0 versus expectations of +1.6 to 71.5), (2) comments from Richmond Fed President Lacker who said the inflation outlook is "reasonably good" in the U.S. and the economy will expand at a "modest" rate of +2.0 to +2.5% this year, and (3) the drop in the 10-year T-note yield to a 3-1/2 week low of 1.833%.
  • Alcoa (AA) gained 2.9% in pre-market trading as metal prices rallied with copper climbing to a 2-1/2 month high.
Today's Market Focus
  • March 10-year T-notes this morning are down -7 ticks. T-note prices last Friday rallied to a fresh contract high and settled higher on a surge in safe-haven demand after stocks tumbled on speculation Standard & Poor's may cut the credit ratings of France and several other European nations which happened after the markets closed: TYH2 +18.5, FVH2 +8.0, EDM2 unchanged. The 10-year T-note yield fell to a 3-1/2 week low of 1.833%. Bullish factors included (1) increased safe-haven demand for Treasuries on concern the European sovereign debt crisis may worsen after Dow Jones Newswires reported that several European nations, including France, face "imminent" credit downgrades from Standard & Poor's, (2) additional safe-haven demand for Treasuries after negotiations between Greece's creditor banks and the Greek government broke off over how much money investors of Greek debt will lose by swapping their bonds, which raises default risks for Greece, and (3) the action by the Fed to purchase $4.646 billion of T-notes as part of its Operation Twist program to replace $400 billion of shorter-maturity Treasuries in its holdings with longer-term debt to keep long-term rates low. A bearish factor was the larger-than-expected increase in the Jan U.S. University of Michigan consumer confidence which rose to its best level in 8 months (+4.1 to 74.0 versus expectations of +1.6 to 71.5).
  • The dollar index this morning is lower with the dollar/yen +0.02 yen and the euro/dollar +1.28 cents. The dollar index last Friday accelerated to a 1-1/3 year high as the euro plunged on speculation of "imminent" credit downgrades of several European countries: Dollar Index +0.745, USDJPY +0.204, EURUSD -0.01352. Bullish factors included (1) increased safe-haven demand for the dollar when the euro sank to a 1-1/3 year low against the dollar after Dow Jones Newswires reported that several European nations, including France, face "imminent" credit downgrades from Standard & Poor's, (2) the action by the IIF to break off talks with Greece amid a coupon dispute as bondholders say the EU agreement to exchange Greek bonds for new securities with a 5% coupon would leave them with a 65% loss in the net present value of their holdings of Greek government debt, more than the 50% haircut banks had agreed upon back in Oct, (3) comments from ECB Council member Liikanen who said that "there's a risk" that economic conditions in the Euro-Zone will continue to worsen, and (4) the larger-than-expected increase in the Jan U.S. University of Michigan consumer confidence to an 8-month high, which is dollar positive. Bearish factors included (1) the Nov U.S. trade deficit which widened to -$47.8 billion, more than expectations of -$45.0 billion and the largest deficit in 5 months and (2) reduced demand for dollars after the 3-month cross-currency basis swap, the rate banks pay to convert interest payments into dollars, narrowed to 80 bp below the euro interbank offered rate, the lowest in 4-1/2 months.
  • Feb crude oil prices this morning are up +$2.12 a barrel and Feb gasoline is +6.56 cents per gallon. Crude oil and gasoline prices last Friday settled mixed as EU plans to delay a Iranian oil embargo, dollar strength and the threats of credit downgrades to European nations were offset by an increase in U.S. consumer confidence and an ongoing strike in Nigeria: CLG12 -$0.40, RBG12 +0.29. Feb crude posted a 3-week low. Bearish factors included (1) the surge in the dollar index to a 1-1/3 year high, which fueled liquidation of most commodities, (2) carry-over weakness from a late-day slide last Thursday after 2 EU officials said an embargo on Iranian crude imports may be postponed for 6 months to allow nations to find other supplies, and (3) the action by Standard & Poor''s to downgrade the credit ratings of 9 European nations, including France, which sent stocks reeling and may worsen the European debt crisis and fuel demand. Bullish factors included (1) the larger-than-expected increase in the Jan U.S. University of Michigan consumer confidence to an 8-month high, which bolsters confidence in the economic outlook and energy demand and (2) the statement from Nigerian labor unions that they will continue a strike that threatens oil exports from Africa's top producing country.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): WFC-Wells Fargo (BEST earnings consensus $0.72), C-Citigroup (0.51), CHKP-Check Point Software Technology (0.81), MTB-M&T Bank Corp. (1.52), AMTD-TD Ameritrade Holding (0.26), FRX-Forest Labs (1.01), LLTC-Linear Technology (0.44), AWK-American Water Works (0.33), FRC-First Republic Bank of San Francisco (0.43), EDU-New Oriental Education & Technology (0.06), CREE-Cree Inc. (0.26), MMR-McMoRan Exploration (-0.11), FULT-Fulton Financial (0.20), ADTN-ADTRAN (0.47), OZRK-Bank of the Ozarks (0.49).
Global Financial Calendar
Tuesday 1/17/12
United States
0830 ET Jan Empire manufacturing index expected +1.0 to 10.5, Dec +8.9 to 9.5.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
Japan
0100 ET Revised Dec Japan machine tool orders, previous +17.4% y/y.
2330 ET Revised Nov Japan industrial production, previous -2.6% m/m and -4.0% y/y. Revised Nov capacity utilization, previous +4.1% m/m.
United Kingdom
0430 ET Nov U.K. DCLG house prices, Oct -0.4% y/y.
0430 ET Dec U.K. CPI expected +0.4% m/m and +4.2% y/y, Nov +0.2% m/m and +4.8% y/y.
0430 ET Dec U.K. core CPI expected +3.0% y/y, Nov +3.2% y/y.
0430 ET Dec U.K. RPI expected +0.3% m/m and +4.7% y/y, Nov +0.2% m/m and +5.2% y/y.
0430 ET Dec U.K. RPI ex-mortgage interest payments expected +4.9% y/y, Nov +5.3% y/y.
Germany
0500 ET Jan German ZEW survey economic sentiment expected +4.6 to -49.2, Dec +1.4 to -53.8. Jan ZEW survey current situation expected -2.8 to 24.0, Dec -7.4 to 26.8.
Euro-Zone
0500 ET Dec Euro-Zone CPI expected +0.4% m/m and +2.8% y/y, Nov +0.1% m/m and +3.0% y/y. Dec core CPI expected +1.6% y/y, Nov +1.6% y/y.
Canada
0900 ET BOC announces interest rate decision (expected no change to the 1.00% benchmark rate).

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

Chipotle Mexican Grill - CMG - Barchart Chart of the Day

Barchart.com's Chart of the Day - Chipotle Mexican Grill (CMG)
Related Stocks
CMG - Chipotle Mexican Grill
Sym Last Chg Pct
CMG 355.51 +0.89 +0.25%
The "Chart of the Day" is Chipotle Mexican Grill (CMG), which showed up on Friday's Barchart "All Time High" and the "Gap Up" list. Chipotle on Friday posted a new all-time high of $355.00 and closed up 2.01%. TrendSpotter has been Long since Dec 5 at $336.21. In recent news on the stock, William Blair last Friday upgraded Chipotle to Outperform from Market Perform citing the company's strengthening sales momentum. Goldman on Jan 4 upgraded Chipotle to Conviction Buy from Buy and raised its target to $410 from $390 due to strong EPS growth and lower food costs. Chipotle Mexican Grill, with a market cap of $10.9 billion, is a restaurant chain that offers a menu of burritos, tacos, burrito bowls and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere.

cmg_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