Thursday, February 9, 2012

Provident New York Bancorp - buy signals

I added Provident New York Bancorp (PBNY) to the Barchart Van Meerten Speculative portfolio for positive price momentum


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 28.49% in the last month
  • Relative Strength Index 75.65%
  • Barchart computes a technical support level at 8.29
  • Recently traded at 8.75 with a 50 day moving average of 7.22

Barchart Morning Call 2/9

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 up +0.14% and Mar S&Ps down -3.00 points. The euro rose and lifted European stocks as Greek Finance Minister Venizelos meets with Euro-Zone finance ministers today in Brussels who will decide if Greece has done enough to receive a bailout package needed to stave off default. Greek Prime Minister Papademos said the leaders of the three parties supporting his government "agreed on all the points of the program with the exception of one which requires further elaboration and discussion" with the lenders. Talks between Greece's political leaders stumbled over pensions and officials from the EU and the IMF gave Greece 15 more days to identify measures totaling 300 million euros. A rally in European carmakers boosted the overall stock market with Daimler AG up 3.7% after it reported Q4 earnings before interest and taxes of 2.18 billion euros, beating analysts' estimates of 2.17 billion euros. Another positive for equities was the +0.5% m/m increase in Dec U.K. industrial production, stronger than expectations of +0.2% m/m. Limiting gains in stocks is weakness in banking shares with Credit Suisse down 3.3% after it reported an unexpected Q4 loss of 637 million francs ($698 million), much weaker than analysts' estimates of a 446 million-franc profit and its first quarterly loss since 2008. As expected, the BOE kept the benchmark interest rate unchanged at 0.50% and raised the asset purchase target by 50 billion pounds to 325 billion pounds and said it expects a "significant" shortfall in the U.K. economy to persist.
  • Asian stocks today closed mixed with Japan down -0.15%, China +0.04%, Australia -0.18%, South Korea +0.59%, India +0.70%. Japanese stocks closed lower after Dec Japan machine orders fell -7.1% m/m, weaker than expectations of -5.0% m/m and the biggest decline in 3 months as a faltering global economy and a strong yen dimmed the earnings outlook for exporters. Losses in Japanese stocks were limited however, as the yen tumbled to a 1-1/2 week low against the dollar. Chinese stocks finished higher, despite Jan China CPI rising a more than-expected +4.5% y/y, when the National Development and Reform Commission said China's rate of inflation will "steadily decline" as the effects of the New Year holiday and other "temporary factors" fade. Jan China PPI rose an as-expected +0.7% y/y, its smallest increase in over 2 years.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -3.00 points. The US stock market on Wednesday was whipsawed by Greek debt news headlines and finally closed higher: Dow Jones +0.04%, S&P 500 +0.22%, Nasdaq Composite +0.41%. The S&P 500 climbed to a 7-month high and the Nasdaq posted a 10-3/4 year high. Bullish factors included (1) the possibility of QE3 from the Fed after San Francisco Fed President Williams said the Fed may have to buy additional mortgage bonds if the economic expansion falters or inflation slows too much and (2) decent Q4 earnings results thus far as 68% of the 304 companies in the S&P 500 that have reported quarterly results since Jan 9 have beaten earnings projections.
  • Bearish factors Wednesday included (1) carry-over weakness from a late sell-off in European stocks which gave up early gains and closed lower on concern Greek debt-swap negotiations will fail after Reuters reported that 2 unidentified ECB sources said the ECB is still divided on what contribution to make as part of a Greek debt restructuring and (2) concern that growth in Germany, Europe's biggest economy, may be slowing after Dec German exports fell -4.3% m/m, the biggest monthly decline in nearly 3 years.
Today's Market Focus
  • March 10-year T-notes this morning are down -1 tick. T-note prices on Wednesday closed lower on supply concerns although they settled well above their worst levels on increased safe-haven demand on concern Greek debt-swap talks will fail: TYH2 -2.0, FVH2 -1.2, EDM2 +1.5. Bearish factors Wednesday included (1) slack demand for the Treasury's $24 billion auction of 10-year T-notes that had a bid-to-cover ratio of 3.05, below the 12-auction average of 3.14, and indirect bidders, a proxy for foreign buying, took only 38.9% of the T-notes, below the 12-auction average of 47.3% and (2) supply pressures ahead of the Treasury's $16 billion 30-year T-bond auction on Thursday. Bullish factors included (1) comments from San Francisco Fed President Williams who said "we may still need to provide more policy accommodation if the economy loses momentum of inflation remains well below 2%," which keeps the door open for the Fed to implement QE3, and (2) increased safe-haven demand for Treasuries on concern Greek debt-swap negotiations will fail after Reuters reported that 2 unidentified ECB sources said the ECB is still divided on what contribution to make as part of a Greek debt restructuring.
  • The dollar index this morning is weaker and at a 2-month low with the dollar/yen +0.12 yen and the euro/dollar -0.13 cents. The dollar index on Wednesday recovered from a 1-3/4 month low and settled higher after optimism over a resolution to the Greek debt-swap talks faded: Dollar Index +0.065, USDJPY +0.272, EURUSD +0.00003. The euro climbed to a 1-3/4 month high but shed its gains and closed little changed. Bullish factors included (1) increased safe-haven demand for the dollar after the euro relinquished early gains on speculation Greek debt-swap negotiations will fail after Reuters reported that 2 unidentified ECB sources said the ECB is still divided on what contribution to make as part of a Greek debt restructuring, (2) the slide in the yen to a 1-1/2 week low against the dollar after Japan's 2011 current-account surplus shrank -44% from 2010 to 9.63 trillion yen ($125 billion), the lowest in 15 years, and (3) the larger-than-expected -4.3% m/m decline in Dec German exports, the biggest monthly drop in nearly 3 years, which may lead to slower economic growth and is euro negative. Bearish factors Wednesday included (1) the -2 bp decline in the Markit iTraxx SovX Western Index of credit-default swaps to a 3-1/4 month low of 316 bp, which reduces European default concerns and is euro supportive and (2) dollar negative comments from San Francisco Fed President Williams who said the Fed may have to buy additional mortgage bonds if the economic expansion falters or inflation shows too much.
  • Mar crude oil prices this morning are up +64 cents a barrel and Mar gasoline is +0.97 cents per gallon at a 5-1/4 month high. Crude oil and gasoline prices on Wednesday settled higher but well off of their best levels as a rebound in the dollar and a jump in weekly DOE gasoline inventories erased most of a morning rally: CLH12 +$0.30, RBH12 +4.77. Mar crude posted a 1-week high and Mar gasoline soared to a 5-1/2 month high. Bullish factors included (1) the smaller-than-expected increase in weekly DOE crude inventories (+304,000 bbl versus expectations of +2.5 million bbl), and (2) strength in gasoline on speculation that refinery shutdowns in the U.S. and Europe will trigger a supply crunch during the upcoming spring and summer driving season. Bearish factors included (1) the larger-than-expected increase in weekly DOE gasoline supplies to their highest level in 11 months (+1.63 million bbl to 231.8 million bbl versus expectations of +625,000 bbl), (2) the unexpected increase in weekly DOE distillate supplies (+1.17 million bbl versus expectations of -875,000 bbl), and (3) the rebound in the dollar which bounced back from a 1-3/4 month low to close higher, which reduces investment demand in commodities.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): PM-Philip Morris International (BEST earnings consensus $1.09), PEP-Pepsico (1.12), NBL-Noble Energy (1.16), LO-Lorillard (1.96), ALXN-Alexion Pharmaceuticals (0.34), ATVI-Activision Blizzard (0.56), RSG-Republic Services (0.45), KKR-KKR & Co. LP (0.75), TDC-Teradata (0.62), NUAN-Nuance Communications (0.36), SIAL-Sigma-Aldrich (0.89), BG-Bunge Ltd. (1.53), CCE-Coca-Cola Enterprises (0.36), SIRI-Sirius XM Radio (0.01), LNKD-LinkedIn (0.07).
Global Financial Calendar
Thursday 2/9/12
United States
0830 ET Weekly initial unemployment claims expected +3,000 to 370,000, previous -12,000 to 367,000. Weekly continuing claims expected +63,000 to 3.500 million, previous 130,000 to 3.437 million.
1000 ET Dec wholesale inventories expected +0.4%, Nov +0.1%.
1100 ET Treasury announces amount of 30-year TIPS to be auctioned on Feb 16 (previous $7 billion).
1300 ET Treasury auctions $16 billion 30-year T-bonds.
1630 ET Weekly money supply report and Fed balance sheet.
Japan
0000 ET Jan Japan consumer confidence expected -0.4 to 38.5, Dec +0.8 to 38.9.
1850 ET Jan Japan domestic CGPI expected +0.1% m/m and +0.8% y/y, Dec +0.1% m/m and +1.3% y/y.
United Kingdom
0430 ET Dec U.K. industrial production expected +0.2% m/m and -3.1% y/y, Nov -0.7% m/m and -3.1% y/y.
0430 ET Dec U.K. manufacturing production expected +0.2% m/m and +0.3% y/y, Nov -0.2% m/m and -0.6% y/y.
0700 ET BOE announces interest rate decision and asset purchase target (expected no change to the 0.50% benchmark rate but asset purchase target increased 50 billion pounds to 325 billion pounds).
Euro-Zone
0745 ET ECB announces interest rate decision (expected no change to the 1.00% 2-week refinancing rate).
0830 ET ECB President Mario Draghi speaks at monthly press conference.
Canada
0830 ET Dec Canada new housing price index, Nov +0.3% m/m and +2.5% y/y.
CHI
n/a Jan China trade balance expected +$10.70 billion, Dec +$16.52 billion. Jan exports expected -1.5% y/y, Dec +13.4% y/y. Jan imports expected -5.0% y/y, Dec +11.8% y/y.

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

Whole Foods (WFM) Barchart Chart of the Day

Barchart.coms Chart of the Day - Whole Foods Market (WFM)
Related Stocks
WFM - Whole Foods Market
Sym Last Chg Pct
WFM 77.93 +2.13 +2.81%
The "Chart of the Day" is Whole Foods Market (WFM), which showed up on Wednesday's Barchart "All Time High" list. Whole Foods on Wednesday posted a new all-time high of $78.31 and closed up 2.81%. TrendSpotter has been Long since Jan 4 at 71.49. Whole Foods was last featured on "Chart of the Day" on Sep 15 at $68.50. Whole Foods on Wednesday reported fiscal Q1 earnings of 65 cents, higher than the consensus of 61 cents, and said that sales momentum continues to be broad-based across regions. Whole Foods, with a market cap of $13.7 billion, is the largest purveyor of natural foods in the world.

wfm_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, February 8, 2012

Southwest Bancorp - OKSB

I have added Southwest Bancorp (OKSB) to the Barchart Van Meerten Speculative portfolio for positive price momentum


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 42.23% in the last month
  • Relative Strength Index 79.85%
  • Barchart computes a technical support level at 8.60
  • Recently traded at 8.65 with a 50 day moving average of 6.36

Barchart Morning Call 2/8

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are higher with the Euro Stoxx 50 up +0.05% at a 6-month high and Mar S&Ps up +0.80 of a point at a 9-month high. Treasuries weakened and the dollar index fell to a fresh 1-3/4 month low, while commodities rose with crude oil at a 1-week high, on optimism Greek leaders will find a resolution to their debt-swap talks with creditors. Greek Prime Minister Papademos held an unscheduled meeting with the troika to put the final touches on terms required for the country's 130 billion-euro rescue package and also held "constructive" talks with the head of the IIF which has negotiated the terms of a debt-swap deal with private bondholders. The cost of insuring against a default on European government bonds fell as the Markit iTraxx SovX Western Index of credit-default swaps declined -2 bp to 316, a 3-1/4 month low. The euro climbed to a 1-3/4 month high against the dollar after the EU Commission said it's "not ready to contemplate" Greece leaving the Euro-Zone. Limiting gains in stocks and the euro was the -4.3% m/m decline in Dec German exports, a larger drop than expectations of -1.0% m/m and the biggest fall in nearly 3 years.
  • Asian stocks today closed higher with Japan up +1.10%, China +2.86%, Australia +0.39%, South Korea +1.21%, India +0.48%. Japan's Nikkei 225 Stock Index rallied to a 3-month high as exporters gained when the yen tumbled to a 1-1/2 week low against the dollar and after Toyota, Japan's biggest company by revenue, raised its forecast for full-year net income by 11% to 200 billion yen ($2.6 billion) on a sales rebound in the U.S. The yen weakened to a 1-1/2 week low against the dollar after Japan's 2011 current-account surplus shrank -44% from 2010 to 9.63 trillion yen ($125 billion), the lowest in 15 years. China's Shanghai Stock Index rose to a 2-month high as property developers strengthened after the PBOC said that it will ensure that "loan demand from first-home families" is met. Chinese energy producers also rallied after the government raised domestic fuel tariffs for the first time in 10 months.
Overnight U.S. Stock News
  • March S&Ps this morning are trading little changed, up +0.80 of a point. The US stock market on Tuesday overcame early weakness and settled higher on optimism Greece had made enough progress with creditors to secure international aid and after Dec U.S. job openings rose by the most in 10-months: Dow Jones +0.26%, S&P 500 +0.20%, Nasdaq Composite +0.07%. The S&P 500 posted a 7-month high, the Dow climbed to a 3-1/2 year high and the Nasdaq surged to a 10-3/4 year high. Bullish factors Tuesday included (1) carry-over strength from a rally in European stocks on optimism a resolution will finally be found to the Greek debt-swap negotiations after an unnamed Greek official said a final draft of an agreement on budget and structural measures to free up a second aid package was being discussed by Greek political party leaders, (2) data from the U.S. Labor Department that showed Dec U.S. job openings rose +258,000, the biggest monthly gain in 10 months, which shows employers are gaining confidence the economy will keep growing, (3) the +$19.308 billion increase in Dec U.S. consumer credit, stronger than expectations of +$7.000 billion and is positive for spending as it shows consumers more confident to take on additional debt, and (4) a rally in energy and raw-material producers as a fall in the dollar index to a 1-3/4 month low fueled gains in most commodities.
  • Bearish factors included (1) comments from Fed Chairman Bernanke who said the drop in the U.S. unemployment rate in Jan to 8.3% understates weakness in the U.S. labor market that is a "long way" from returning to normal, and (2) global economic concerns after Dec German industrial production sank -2.9% m/m, its biggest decline in nearly 3 years, along with the statement from China's Ministry of Industry and Information Technology that said China's industrial output will probably slow this year due to the deepening of the European debt crisis and overall slack international demand.
Today's Market Focus
  • March 10-year T-notes this morning are down -4 ticks. T-note prices on Tuesday dropped to a 1-1/2 week low and settled lower after a report that Greek officials are closer to a deal to receive international funding reduced the safe-haven demand for U.S. debt: TYH2 -16.5, FVH2 -7.7, EDM2 -1.5. Bearish factors Tuesday included (1) reduced safe-haven demand for Treasuries as stocks rallied after an unnamed Greek official said a final draft of an agreement on budget and structural measures to free up a second aid package was being discussed by Greek political party leaders, (2) data from the U.S. Labor Department that showed Dec U.S. job openings rose +258,000, the biggest monthly gain in 10 months, which shows employers are gaining confidence the economy will keep growing, and (3) supply pressures ahead of the Treasury's $24 billion 10-year T-note auction on Wednesday. Bullish factors included (1) comments from Fed Chairman Bernanke who said the drop in the U.S. unemployment rate in Jan to 8.3% understates weakness in the U.S. labor market that is a "long way" from returning to normal, which keeps open the chance the Fed announces QE3 to stimulate economic growth and (2) global growth concerns after China's Ministry of Industry and Information Technology said China's industrial output will probably slow this year due to the deepening of the European debt crisis and overall slack international demand.
  • The dollar index this morning is weaker and at a fresh 1-3/4 month low with the dollar/yen +0.14 yen and the euro/dollar +0.10 cents. The dollar index on Tuesday erased an early rally and settled lower on optimism Greek officials and international creditors will finally find a resolution to their debt-swap talks along with dollar negative comments from Fed Chairman Bernanke: Dollar Index -0.493, USDJPY +0.213, EURUSD +0.01304. The dollar index posted a 1-3/4 month low and the euro climbed to a 1-3/4 month high. Bearish factors included (1) the rally in the euro to a 1-3/4 month high against the dollar after an unnamed Greek official said a final draft of an agreement on budget and structural measures to free up a second aid package was being discussed by Greek political party leaders, (2) comments from Fed Chairman Bernanke who said "We still have a long way to go before the labor market can be said to be operating normally," which leaves open the chance the Fed may implement additional dollar negative easing measures to stimulate the economy, and (3) the rally in the S&P 500 to a 7-month high, which reduces the safe-haven demand for the dollar. Bullish factors Tuesday included (1) the unexpected -2.9% m/m fall in Dec German industrial production, the biggest monthly decline in nearly 3 years and is negative for the euro and (2) weakness in the yen which fell to a 1-week low against the dollar after Japan's Ministry of Finance said it sold 1.02 trillion yen ($13.2 billion) against the dollar the first 4 days of Nov in unannounced or "stealth" intervention to stem the strength in the yen.
  • Mar crude oil prices this morning are up +$1.01 a barrel at a 1-week high and Mar gasoline is +0.83 of a cent per gallon. Crude oil and gasoline prices on Tuesday shook off early losses and settled mixed as a weak dollar boosted crude but the action by the U.S. Energy Department to cut its 2012 forecast for U.S. gasoline demand undercut gasoline: CLH12 +$1.50, RBH12 -0.04. Bullish factors included (1) the plunge in the dollar index to a 1-3/4 month low, which boosts investment demand for commodities, (2) carry-over support from a rally in heating oil to a 9-month high as the extreme cold snap in Europe boosts the prospects for increased U.S. exports of heating fuels, and (3) the rally in the S&P 500 to a 7-month high, which bolsters confidence in the economic outlook and energy demand. Bearish factors included (1) concern that U.S. fuel demand may remain constrained after Fed Chairman Bernanke said the U.S. has "a long way to go before the labor market can be said to be operating normally, (2) the statement from China's Ministry of Industry and Information Technology that said China's industrial output will probably slow this year, which signals reduced energy demand and consumption in the world's second-largest consumer of crude, (3) the action by the U.S. Energy Department to cut its 2012 U.S. gasoline demand forecast to 8.71 million barrels a day, down -30,000 bbl from a Jan projection of 8.74 million barrels a day, and (4) the outlook for U.S. crude supplies to increase when the DOE releases its weekly inventory figures on Wed. Expectations for the weekly DOE inventories are for crude oil supplies to increase +2.5 million bbl, gasoline stockpiles to build by +625,000 bbl, distillate inventories to fall -875,000 bbl and the refinery capacity rate to fall -0.4 to 81.4%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CSCO-Cisco Systems (BEST earnings consensus $0.43), V-Visa (1.45), CVS-CVS Caremark (0.89), NWSA-News Corp. (0.34), TWX-Time Warner (0.87), PRU-Prudential Financial (1.76), RAI-Reynolds American (0.69), CTSH-Cognizant Technology Solutions (0.82), GGP-General Growth Properties (0.01), GRPN-Groupon (0.03), PLD-Prologis (-0.06), RL-Ralph Lauren (1.68), WFM-Whole Foods Market (0.60), PAA-Plains All American Pipeline (1.50), IR-Ingersoll-Rand PLC (0.66).
Global Financial Calendar
Wednesday 2/8/12
United States
0700 ET Weekly MBA mortgage applications, previous -2.9% with purchase mortgage sub-index -1.7% and refinancing sub-index -3.6%.
1040 ET San Francisco Fed President John Williams speaks to the Bishop Ranch Forum business leaders group on ?The Federal Reserve and the Economic Recovery.?
1300 ET Treasury auctions $24 billion 10-year T-notes.
Japan
0000 ET Jan Japan eco watchers survey current expected 47.4, Dec 47.0. Jan eco watchers survey outlook expected 45.5, Dec 44.4.
1850 ET Dec Japan machine orders expected -5.0% m/m and +8.5% y/y, Nov +14.8% m/m and +12.5% y/y.
Germany
0200 ET Dec German trade balance expected +13.7 billion euros, Nov +16.2 billion euros. Dec exports expected -1.0% m/m, Nov +2.5% m/m. Dec imports expected +1.0% m/m, Nov -0.4% m/m.
France
0230 ET Jan Bank of France business sentiment expected unchanged at 96, Dec +1 to 96.
Canada
0815 ET Jan Canada housing starts expected +191,500, Dec +199,900.
CHI
2030 ET Jan China PPI expected +0.7% y/y, Dec +1.7% y/y.
2030 ET Jan China CPI expected +4.0% y/y, Dec +4.1% y/y.

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

Church & Dwight -- CHD -- Barchart Chart of the Day

Barchart.com's Chart of the Day - Church & Dwight (CHD)
Related Stocks
CHD - Church & Dwight Company
Sym Last Chg Pct
CHD 47.63 +2.39 +5.28%
The "Chart of the Day" is Church & Dwight (CHD), which showed up on Tuesday's Barchart "All Time High" list. Church & Dwight on Tuesday posted a new all-time high of $47.93 and closed up 5.28%. TrendSpotter has been Long since Dec 12 at $44.96. Church & Dwight on Tuesday reported Q4 adjusted EPS of 53 cents versus the consensus of 51 cents and announced a 41% increase in its quarterly dividend to 24 cents per share from 17 cents. Church & Dwight, with a market cap of $6.5 billion, is the world's leading producer of sodium bicarbonate, (baking soda), a versatile chemical which performs a broad range of functions such as cleaning, deodorizing, leavening and buffering.

chd_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

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


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

Tuesday, February 7, 2012

Gigamedia - GIGM - buy signals

I have added Gigamedia (GIGM) to the Barchart Van Meerten New High portfolio for very positive price momentum:


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • Relative Strength Index 79.73%
  • Barchart computes a technical support level at 1.29
  • Recently traded at 1.40 with a 50 day moving average of .91

Barchart Morning Call 2/7

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are weaker with the Euro Stoxx 50 down -0.61% and Mar S&Ps off by -5.10 points. The dollar is higher and most commodities are lower as the markets await a meeting later today between Greek Prime Minister Papademos and his country's political leaders to discuss the implementation of additional fiscal measures needed to secure a second bailout from the EU. The Greek newspaper Ta Nea reported without saying where it got the information, that Greece must cut spending by 3.2 billion euros this year to get approval from the EU, the ECB and the IMF for a new financing package. The so-called troika and the Greek government so far have agreed to cuts of about 2.5 billion euros. European automakers fell and led the overall market lower after Dec German industrial production unexpectedly dropped -2.9% m/m, the most in nearly 3 years and much weaker than expectations of unchanged m/m, as the debt crisis weighed on confidence and the global economic slowdown undercut demand. On the positive side, the cost of the Markit iTraxx SovX Western Europe Index of credit default swaps to insure against a default on European government debt fell 2 bp to 319 bp, a 3-month low.
  • Asian stocks today closed mostly lower with Japan down -0.13%, China -1.85%, Australia -0.51%, South Korea +0.34%, India -0.48%. Asian stocks weakened after China's Ministry of Industry and Information Technology said China's industrial output will probably slow this year as "The global economy is slowing down, Europe's sovereign-debt crisis is deepening and the downside risks to the world economy are rising with international demand still slack and global commodities and financial markets continuing to be volatile." The yen fell to a 1-week low against the dollar after government data showed Japan carried out so-called stealth intervention to weaken it in Nov. Japan's Ministry of Finance said the nation sold 1.02 trillion yen ($13.2 billion) against the dollar the first 4 days of Nov in unannounced or "stealth" intervention after selling a record 8.07 trillion yen on Oct 31 when they yen climbed to a post WWII high of 75.35 against the dollar. Finance Minister Azumi said he won't rule out any options to curb the yen's appreciation and that he will take action whenever necessary. The Australian dollar rose to a 6-month high of $1.0823 after the RBA unexpectedly left the benchmark interest rate unchanged at 4.25% when market expectations were for a 25 bp cut to 4.00%.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -5.10 points. The US stock market on Monday finished slightly lower on concern that a lack of resolution to the ongoing Greek debt-swap talks may lead to a Greek default: Dow Jones -0.13%, S&P 500 -0.04%, Nasdaq Composite -0.13%. Bearish factors Monday included (1) carry-over weakness from a slide in European stocks as Greek debt-swap negotiations continue without a resolution, (2) the statement from Fitch Ratings that said a Greek disorderly default "cannot be wholly discounted," (3) the warning from German Chancellor Merkel that "time is running out" for Greek leaders to meet the conditions of the troika for additional bailout funding, (4) weakness in homebuilders after they were downgraded by Raymond James because of valuation concerns, and (5) weakness in energy and commodity producers after the IMF warned that economic growth in China may be cut in half if the European debt crisis worsens.
  • Bullish factors included (1) comments from St. Louis Fed President Bullard who said economic growth in the U.S. may exceed 3% this year and accelerate in 2013 and that the jobless rate may fall below 8% by the end of 2012, (2) better-than-expected European economic data that reduced concern the European debt crisis will stymie growth after Dec German factory orders rose more than expected and Feb Euro-Zone Sentix investor confidence climbed to a 7-month high, and (3) decent Q4 earnings results so far with 66% of the 268 companies in the S&P 500 that reported quarterly results since Jan 9 have beaten earnings projections.
Today's Market Focus
  • March 10-year T-notes this morning are down -1 tick. T-note prices on Monday improved on increased safe-haven demand over concern Greece may yet default on its debt: TYH2 +11.0, FVH2 +4.7, EDM2 -1.5. Bullish factors Monday included (1) concern that a lack of resolution to the ongoing Greek debt-swap talks may lead to a Greek default, (2) the action by Greek Prime Minister Papademos to request that the Greek finance ministry prepare a document on the implications of a Greek default. Bearish factors included (1) comments from St. Louis Fed President Bullard who said that better-than-forecast data on the economy such as the employment rate indicate that more Fed asset purchases are unnecessary and (2) supply pressures ahead of the Treasury's $32 billion 3-year T-note auction on Tuesday.
  • The dollar index this morning is higher with the dollar/yen +0.29 yen and the euro/dollar -0.30 cents. The dollar index on Monday strengthened as the euro declined over concern Greece's political leaders will fail to reach an agreement on implementing the necessary austerity measures it needs to ensure a second bailout from international creditors: Dollar Index +0.145, USDJPY -0.056, EURUSD -0.00293. Bullish factors included (1) increased safe-haven demand for the dollar as Greek debt-swap negotiations continue without a resolution, (2) the statement from Fitch Ratings that said a Greek disorderly default "cannot be wholly discounted," and (3) the warning from German Chancellor Merkel that "time is running out" for Greek leaders to meet the conditions of the troika for additional bailout funding. Bearish factors Monday included (1) the larger-than-expected improvement in the Feb Euro-Zone Sentix investor confidence which rose to a 7-month high and (2) the larger-than-expected increase in Dec German factory orders, which is euro positive.
  • Mar crude oil prices this morning are down -71 cents a barrel and Mar gasoline is +0.50 of a cent per gallon. Crude oil and gasoline prices on Monday finished mixed as a stronger dollar undercut crude while a surge in European gasoil prices boosted gasoline: CLH12 -$0.93, RBH12 +1.35. Bullish factors included (1) strength in gasoline after an extreme cold snap in Europe lifted gasoil prices to a 3-month high, which may boost demand for U.S. gasoline exports and (2) reports that rebels attacked and damaged oil pipelines and installations in Nigeria, which may reduce exports from Africa's largest oil producer. Bearish factors included (1) strength in the dollar, which discourages investment demand in commodities, (2) the ongoing debt-swaps talks in Greece that continue without a resolution, which bolsters concern that Greece will fail to take sufficient steps to avert a default, and (3) a report from the IMF that warned economic growth in China, the world's second-largest crude consumer, may be cut in half if the European debt crisis worsens.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): KO-Coca-Cola (BEST earnings consensus $0.77), DIS-Walt Disney (0.71), EMR-Emerson Electric (0.51), BDX-Becton Dickinson (1.17), WU-Western Union (0.40), CERN-Cerner (0.53), LIFE-Life Technologies (1.04), PRGO-Perrigo (1.15), HIG-Hartford Financial Services (0.60), MMP-Magellan Midstream Partners LP (0.95), LNC-Lincoln National (1.00), CHD-Church & Dwight (0.51), CBG-CBRE Group (0.43), TDG-Transdigm Group (1.25), PNRA-Panera Bread (1.42).
Global Financial Calendar
Tuesday 2/7/12
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET Redbook weekly retailer sales.
1000 ET Fed Chairman Ben Bernanke testifies to the Senate Budget Committee on the economic outlook and the Federal budget situation.
1000 ET Feb IBD/TIPP economic optimism expected +1.1 to 48.6, Jan +4.7 to 47.5.
1130 ET Weekly 4-week and monthly 1-year T-bill auctions.
1300 ET Treasury auctions $32 billion 3-year T-notes.
1500 ET Dec consumer credit expected +$7.000 billion, Nov +$20.364 billion.
Japan
0000 ET Dec Japan coincident index CI expected 93.1, Nov 90.3. Dec leading index CI expected 93.8, Nov 93.2.
2330 ET Jan Japan bankruptcies, Dec -6.3% y/y.
France
0245 ET Dec French trade balance expected -5.350 billion euros, Nov -4.412 billion euros.
Germany
0600 ET Dec German industrial production expected unchanged m/m and +4.4% y/y, Nov -0.6% m/m and +3.6% y/y.
Canada
0830 ET Dec Canada building permits, Nov -3.6% m/m.

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Verisk Analytics (VRSK) Barchart Chart of the Day

Barchart.coms Chart of the Day - Verisk Analytics (VRSK)
Related Stocks
VRSK - Verisk Analytics
Sym Last Chg Pct
VRSK 41.10 +0.49 +1.21%
The "Chart of the Day" is Verisk Analytics (VRSK), which showed up on Monday's Barchart "All Time High" list. Verisk on Monday posted a new all-time high of $41.18 and closed up 1.21%. TrendSpotter has been Long since Jan 11 at $40.23. In recent news on the stock, Verisk on Jan 11 announced a additional $300 million stock buyback. On Dec 2, Susquehanna reiterated its rating of Positive and raised its target to $45 from $40. Verisk Analytics, with a market cap of $6.4 billion, is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources.

vrsk_700_01
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

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


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

Monday, February 6, 2012

Nucor - NUE - buy signals

I have added Nucor (NUE) to the Barchart Van Meerten New High portfolio for positive price momentum


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 12.07% in the last month
  • Relative Strength Index 77.46%
  • Barchart computes a technical support level at 44.55
  • Recently traded at 45.41 with a 50 day moving average of 40.84

Barchart Morning Call 2/6

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mostly lower with the Euro Stoxx 50 down -0.31% and Mar S&Ps down -4.90 points. The dollar and Treasuries rose, while stocks and commodities weakened on concern Greece will fail to reach an agreement that would allow it to receive a second bailout from international creditors. Greek Prime Minister Papademos struck a tentative deal with political parties to extend spending cuts after Euro-Zone finance chiefs told them an increase in the 130 billion-euro aid package wasn't forthcoming, while Fitch Ratings said a Greek disorderly default "cannot be wholly discounted." The euro also weakened against the dollar after German Chancellor Merkel said "time is running out" for Greek leaders to meet the conditions of the troika for additional bailout funding. Limiting losses in European stocks was the +10,o point increase in the Feb Euro-Zone Sentix investor confidence to -11.1, greater than expectations of +4.6 to -16.5 and its strongest level in 7 months, while Dec German factory orders Rose +1.7% m/m and unchanged y/y, stronger than expectations of +1.0% and -0.4% y/y.
  • Asian stocks today closed mostly higher with Japan up +1.10%, China -0.07%, Australia +1.05%, South Korea +0.15%, India +0.58%. Asian stocks settled mostly higher after Friday's U.S. payrolls report bolstered optimism that rising employment in the U.S. will boost exports from Asia. Japanese carmakers rallied and helped to lift the Nikkei 225 Stock Index to a 2-month high after Toyota forecast sales will climb 21% this year as production recovers following disruptions caused by natural disasters in Japan and Thailand last year. The yen slipped to a 1-week low against the dollar after BOJ Governor Shirakawa told the Japanese parliament that the nation's economic condition is "severe" because of deflation and the strong yen and that the BOJ is implementing monetary measures and will take appropriate steps as needed. The prospects for additional interest rate cuts from the RBA increased after Jan Australian retail sales unexpectedly fell -0.1% m/m, its first decline in 6 months and weaker than expectations of a +0.2% m/m increase. The IMF warned today that if the European debt crisis worsens, China's economic growth could drop by as much as 4 percentage points from its current projection of 8.2% GDP growth this year and that would warrant "significant" fiscal stimulus from the government.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -4.90 points. The US stock market Friday settled sharply higher on increased economic optimism after Jan U.S. non-farm payrolls rose more than expected, the unemployment rate unexpectedly fell and the U.S. service sector in Jan expanded more than forecast: Dow Jones +1.23%, S&P 500 +1.46%, Nasdaq Composite +1.61%. The S&P 500 climbed to a 6-1/2 month high, the Dow rose to a 9-month high and the Nasdaq posted a 10-3/4 year high. Bullish factors on Friday included (1) the +243,000 increase in Jan non-farm payrolls, bigger than expectations of +145,000 and the largest gain in 20 months, (2) strength in manufacturing stocks after Jan U.S. manufacturing payrolls rose by +50,000, bigger than expectations of +13,000 and their biggest increase in a year, (3) the unexpected decline in the Jan U.S. unemployment rate to its lowest level in 3 years (-0.2 to 8.3% versus expectations of no change at 8.5%), and (4) the larger-than-expected increase in the Jan ISM non-manufacturing index which expanded at its fastest pace in 11 months (+3.8 to 56.8 versus expectations of +0.6 to 53.2).
  • Bearish factors included (1) concern over a slowdown in the European economy after Dec Euro-Zone retail sales unexpected declined for a second month and (2) the ongoing Greek debt-swaps talks that still have no resolution, which raises concern over a Greek default.
Today's Market Focus
  • March 10-year T-notes this morning are up +4.5 ticks. T-note prices on Friday plunged as stronger-than-expected U.S. economic data on payrolls and the service sector educed safe-haven demand for Treasuries and raised inflation concerns: TYH2 -27.0, FVH2 -10.7, EDM2 -1.0. Bearish factors Friday included (1) the +243,000 increase in Jan non-farm payrolls, bigger than expectations of +145,000 and the largest gain in 20 months, (2) the unexpected decline in the Jan U.S. unemployment rate to its lowest level in 3 years (-0.2 to 8.3% versus expectations of no change at 8.5%), (3) the larger-than-expected increase in the Jan ISM non-manufacturing index which expanded at its fastest pace in 11 months (+3.8 to 56.8 versus expectations of +0.6 to 53.2), and (4) long liquidation in Treasuries as the surge in the S&P 500 to a 6-1/4 month high reduced the safe-haven demand for U.S. government debt. A bullish factor was an increase in safe-haven demand for Treasuries on concern over a Greek default as the ongoing Greek debt-swap talks still have no resolution.
  • The dollar index this morning is stronger with the dollar/yen unchanged and the euro/dollar -0.96 cents. The dollar index on Friday erased early losses and settle little changed after stronger than expected U.S. economic data on payrolls and the service sector reduces the chance of the Fed providing additional dollar negative stimulus measures: Dollar Index -0.067, USDJPY +0.367, EURUSD +0.00159. Bullish factors included (1) the +243,000 increase in Jan nonfarm payrolls, the biggest gain in 20 months, along with the unexpected decline in the Jan U.S. unemployment rate to a 3-year low of 8.3%, which reduces the chance of the Fed providing additional dollar negative stimulus measures and (2) the unexpected decline in Dec Euro-Zone retail sales for a second month, which is euro negative. Bearish factors Friday included (1) the surge in the S&P 500 to a 6-1/2 month high, which reduced the safe-haven demand for the dollar and (2) the larger-than-expected increase in the Jan ISM non-manufacturing index to its fastest pace in 11 months, which shows the economy continuing to expand and curbs the safe-haven demand for the dollar.
  • Mar crude oil prices this morning are down -88 cents a barrel and Mar gasoline is -0.67 of a cent per gallon. Crude oil and gasoline prices on Friday settled higher on economic optimism after the Jan U.S. unemployment rate unexpectedly fell to a 3-year low and the Jan ISM non-manufacturing index surged to an 11-month high: CLH12 +$1.48, RBH12 +4.55. Bullish factors included (1) the biggest monthly increase in U.S. payrolls in 20-months (+243,000) along with the unexpected drop in the U.S. unemployment rate to a 3-year low of 8.3%, which suggests improvement in the economy that is positive for the oil demand picture, (2) the larger-than-expected increase in the Jan ISM non-manufacturing index to its best level in 11 months, which bolsters confidence in the economic outlook and fuel demand, and (3) increased geopolitical concerns after a Washington Post article said U.S. Defense Secretary Panetta believes there is a strong likelihood of a Israeli military strike on Iran by the end of June to thwart Iran's nuclear program. Bearish factors included (1) strength in the dollar, which discourages investment demand in commodities and (2) the unexpected decline in Dec Euro-Zone retail sales, which indicates economic weakness that is negative for energy demand.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): APC-Anadarko Petroleum (BEST earnings consensus $0.63), YUM-YUM! Brands (0.74), SYY-Sysco (0.44), L-Loews (0.90), HUM-Humana (1.21), PXD-Pioneer Natural Resources (1.03), HCA-HCA Holdings (0.76), NLSN-Nielsen Holdings NV (0.49), CNA-CNA Financial (0.70), UNM-Unum Group (0.75), AGNC-American Capital Agency (1.17), UDR-UDR Inc. (-0.08), BWP-Boardwalk Pipeline Partners LP (0.41), TMK-Torchmark (1.24), HAS-Hasbro (1.05), SUN-Sunoco (-0.23).
Global Financial Calendar
Monday 2/6/12
United States
0855 ET St. Louis Fed President James Bullard speaks on inflation targeting in the U.S. at the Union League Club of Chicago.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1215 ET Dallas Fed President Richard Fisher speaks to the Institute of International Finance on the economic and monetary outlook.
Euro-Zone
0430 ET Feb Euro-Zone Sentix investor confidence expected +4.6 to -16.5, Jan +2.9 to -21.1.
Germany
0600 ET Dec German factory orders expected +1.0% m/m and -0.4% y/y, Nov -4.8% m/m and -4.3% y/y.
Canada
1000 ET Jan Ivey purchasing managers index expected -6.5 to 57.0, Dec +3.6 to 63.5.

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Pall Corp - PLL - BArchart Chart of the Day

Barchart.coms Chart of the Day - Pall Corp (PLL)
Related Stocks
PLL - Pall Corp.
Sym Last Chg Pct
PLL 62.19 +1.15 +1.88%
The "Chart of the Day" is Pall Corp (PLL), which showed up on Friday's Barchart "All Time High" list. Pall on Friday posted a new all-time high and closed up 1.88%. TrendSpotter has been Long since Nov 30 at $54.49. In recent news on the stock, Pall on Jan 19 announced a 20% dividend increase to 21 cents per share. William Blair on Jan 12 upgraded Pall to Outperform from Market Perform due to the company's earnings growth potential. Pall Corp, with a market cap of $7 billion, is a leading supplier of fine filters, principally made by the Company using its proprietary filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a wide variety of liquids and gases.

pll_700

How we found the Chart of the Day:

We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

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


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