Friday, May 4, 2012

Barchart Morning Call 5/4


Barchart Morning Call
Overnight Developments
  • E-mini S&Ps are trading slightly higher by +3.00 points while commodity prices are generally trading lower. Gold prices are down $8.50 and June crude oil prices are down 39 cents. Grain, meat and softs prices are mixed. The U.S. markets are awaiting this morning's weekly initial unemployment claims report, which is expected to show an 11,000 decline to 377,000. European stocks are moderately higher today with the Euro Stoxx 50 up +0.82%. Bullish factors for European stocks include positive earnings news from Societe Generale and BMW and successsful bond auctions today in Spain and France. Spain today sold 2.52 billion euros of bonds, more than the maximum target. The successful auction caused the Spanish 5-year bond yield to drop by 7 bp to 4.70% and 10-year bond yield to drop by 3 bp to 5.82%. This was Spain's first bond auction since S&P last week cut Spain's bond rating by two notches to BBB+ from A. Today' March Eurozone PPI report of +0.5% m/m and +3.3% was weaker than expectations of +0.6% m/m and +3.4% y/y, which was positive for the Eurozone inflation outlook. The consensus was that French President Sarkozy in his debate last night with challenger Socialist Party chief Francois Hollande failed to land a knockout blow and now risks losing Sunday's presidential election since he is trailing by about 6 points in the polls. The markets are awaiting word on the outcome of today's ECB meeting. The unanimous market consensus is that the ECB at today's meeting will leave its refinancing rate unchanged at 1.00%. Japan was closed for a holiday today. Asian stocks today closed mostly lower on yesterday's lackluster U.S. stock market session and the weaker-than-expected ADP report: Hong Kong -0.28%, China +0.30%, Taiwan -0.23%, Australia -0.16%, Singapore -0.17%, South Korea -0.21%, India -0.87%. Treasury Secretary Geithner and Secretary of State Hillary Clinton are in China today and Friday for annual talks.
Overnight U.S. Stock News
  • June E-mini S&Ps this morning are trading +3.00 points on a boost from the 0.82% rally in European stocks on the successful Spanish bond auction. Today is a big earnings day with reports from companies such as Kraft, AIG, Apache, and GM. U.S. stock indexes on Wednesday consolidated below Tuesday's highs and closed mixed: S&P 500 -0.25%, Dow Jones -0.08%, Nasdaq 100 +0.29%. The main bearish factor on Wednesday was the U.S. April ADP employment of +119,000, which was substantially weaker than market expectations of +170,000 and down from March?s revised +201,000. In addition, there was weak European economic data as the Eurozone unemployment rate moved higher to a 15-year high of 10.9% from 10.8% in February and as the final April Eurozone manufacturing PMI was revised slightly lower to 45.9 from 46.0. March factory orders fell -1.5% but that was in line with market expectations. The stock market continues to see support from favorable earnings reports, but the market is nervous going into Friday's payroll report after Wednesday's disappointing ADP report.
Today's Market Focus
  • June 10-year T-notes this morning are down 2 ticks on the higher trade in E-mini S&Ps and reduced safe-haven demand with the successful Spanish bond auction. T-note prices on Wednesday settled mildly higher: TYM2 +7, FVM2 +2.25. T-notes received a boost from the much weaker than expected ADP report of +119,000, which had negative implications for Friday's payroll report. Another weak payroll report in April on top of March's +120,000 could give T-notes a new head of steam to the upside. The Treasury on Wednesday at its quarterly refunding announcement said it was deferring a decision on whether to start selling floating-rate notes.
  • The dollar index this morning is trading slightly higher by +0.113 points on some carry-over technical strength from yesterday's rally. USD/JPY is up 0.23 yen and EUR/USD is down 0.22 cents. The dollar index on Wednesday closed moderately higher: dollar index +0.268, USD/JPY +0.05, EUR/USD -0.0079. The dollar index yesterday rallied on short-covering after the 2-week decline and weakness in the euro tied to the poor European labor and PMI data. The dollar index on Tuesday posted a new 2-month low but Wednesday's rally took the dollar index back within the 4-month trading range.
  • Jun crude oil prices this morning are down 39 cents but gasoline is up 0.50 cents. Crude oil is seeing some continued downward pressure from yesterday's rise in crude oil inventories to a 21-1/2 year high. Crude oil and gasoline prices on Wednesday sold off fairly sharply: CLM12 -0.94, RBM2 -0.0214. Bearish factors included the weak ADP report and the 2.84 mln barrel rise in U.S. crude oil inventories to a new 21-1/2 year high. Crude oil inventories are now 6.9% above the 5-year seasonal average, the highest level relative to the 5-year average since last May. The market found little support from news that gasoline and distillate inventories continued to fall and were tighter than expected. Gasoline inventories fell by 2.009 mln bbl (vs expectations of -1 mln bbl) and distillate inventories fell by 1.903 mln bbl (vs expectations of +500,000 bbl). Gasoline prices were also hurt yesterday by technical weakness after falling to a new 2-1/2 month low.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): KFT-Kraft (consensus $0.56), AIG-AIG (1.13), APA-Apache (3.07), GM-General Motors (0.85), PSA-Public Storage (0.82), AMT-American Tower (0.41), VIAB-Viacom (0.89), EP-El Paso (0.28), VNO-Vornado Realty (0.83), PGN-Progress Energy (0.65), SRE-Sempra Energy (0.65), CAH-Cardinal Health (0.88), WYNN-Wynn Resorts (1.42), CI-Cigna (1.30), SLE-Sara Lee (0.25), CF-CF Industries (4.95), ESV-Ensco (1.16), TDC-Teradata (0.56), HCA-HCA Holdings (0.98), MU-Northeast utils (0.67).
Global Financial Calendar
Thursday 5/3/12
United States
0830 ET Weekly initial unemployment claims expected -11,000 to 377,000, previous -1,000 to 388,000. Weekly continuing claims expected -7,000 to 3.308 million, previous +3,000 to 3.315 million.
0830 ET Q1 non-farm productivity expected -0.5%, Q4 +0.9%. Q1 unit labor costs expected +2.7%, Q4 +2.8%.
0830 ET USDA weekly exports.
1000 ET Apr ISM non-manufacturing composite index expected -0.7 to 55.3, Mar -1.3 to 56.0.
1030 ET Apr ICSC chain store sales, Mar +4.1% y/y.
1030 ET DOE natural gas storage.
1100 ET San Francisco Fed President John Williams and Atlanta Fed President Dennis Lockhart speak on a panel discussing the economic outlook as part of the Economic Forecast Project at the University of California, Santa Barbara.
1330 ET Philadelphia Fed President Charles Plosser speaks on the economic outlook at the University of California Santa Barbara economic forecast project 2012.
1630 ET Weekly money supply report and Fed balance sheet.
United Kingdom
0200 ET Apr U.K. nationwide house prices expected +0.5% m/m and -0.3% y/y, Mar -1.0% m/m and -0.9% y/y.
0430 ET Apr U.K. PMI services expected -1.2 to 54.1, Mar +1.5 to 55.3.
Euro-Zone
0500 ET Mar Euro-Zone PPI expected +0.6% m/m and +3.4% y/y, Feb +0.6% m/m and +3.6% y/y.
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.
Japan
n/a Japanese markets closed for Constitution Memorial Day.

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

Anheuser-Busch - BUD - Barchart Chart of the DAy


Barchart.coms Chart of the Day - Anheuser-Busch InBev (BUD)
Related Stocks
BUD - Anheuser-Busch Inbev Sa
Sym Last Chg Pct
BUD 73.17 -1.16 -1.56%
The "Chart of the Day" is Anheuser-Busch InBev (BUD), which showed up on Thursday's Barchart "All-Time High" and "Gap Up" lists. AB InBev on Thursday posted a new all-time high of $75.07 and closed up 1.93%. TrendSpotter has been Long since April 18 at $73.86. In recent news on the stock, AB InBev on April 30 reported Q1 EPS of $1.05, above the consensus of 91 cents. Morgan Stanley on April 12 named AB InBev as a long Research Tactical Idea. Stifel Nicolaus on April 3 named AB InBev to its Stifel Select List, reiterated its Buy rating and the $80 price target. Anheuser-Busch InBev, with a market cap of $117 billion, is a leading world marketer of alcohol-based beverages.

bud_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, May 2, 2012

Discover Financial Services - DFS - Barchart Chart of the Day


Tuesday, May 1, 2012

4 Stocks with buy signals


This morning I added Reading International (RDI), Ballantyne Strong (BTN), United Microelectronics (UMC) and Star Bulk Carrier (SBLK) to the Barchart Van Meerten Speculative portfolio.  These are low priced stocks with very strong short term momentum

Reading International (RDI)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 8.37% in the last month
  • Relative Strength Index 75.67%
  • Barchart computes a technical support level at 4.67
  • Recently traded at 5.05 with a 50 day moving average of 4.61
Ballantyne Strong (BTN)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 18.23% in the last month
  • Relative Strength Index 71.63%
  • Barchart computes a technical support level at 5.80
  • Recently traded at 6.29 with a 50 day moving average of 5.37
United Microelectronics (UMC)


Barchart technical indicators:
  • 64% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 7.76% in the last month
  • Relative Strength Index 61.53%
  • Barchart computes a technical support level at 2.63
  • Recently traded at 2.64 with a 50 day moving average of 2.57
Star Bulk Carriers (SBLK)


Barchart technical indicators:
  • 8% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20 and 50 day moving average
  • 11 new highs and up 6.47% in the last month
  • Relative Strength Index 54.43%
  • Barchart computes a technical support level at .93
  • Recently traded at .95 with a 50 day moving average of .94





The stocks mentioned above may be held in either personal or family member accounts and/or mutual funds and separately managed accounts at Marketocracy Capital Management from whom I receive compensation as a financial analyst

William Companies - WMB - buy signals

This morning I added the Williams Companies (WMB) to the Barchart Van Meerten New High portfolio for steady upward price momentum.


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 12.11% in the last month
  • Relative Strength Index 75.23%
  • Barchart computes a technical support level at 33.36
  • Recently traded at 34.49 with a 50 day moving average of 30.95

The stocks mentioned above may be held in either personal or family member accounts and/or mutual funds and separately managed accounts at Marketocracy Capital Management from whom I receive compensation as a financial analyst


Monday, April 30, 2012

5 Great Large Cap S&P 500 stocks

This morning I used Barchart to screen the Large Cap S&P 500 stocks to find the 3 with the best upward momentum and found Sherwin-Williams (SHW), Dollar Tree (DLTR) and Gap (GPS)

Sherwin-Williams (SHW)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 10.88% in the last month
  • Relative Strength Index 75.00%
  • Barchart computes technical support level at 119.81
  • Recently traded at 120.53 with a 50 day moving average of 109.45
Dollar Tree (DLTR)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 7.39% in the last month
  • Relative Strength Index 67.66%
  • Barchart computes a technical support level at 99.26
  • Recently traded at 101.58 with a 50 day moving average of 94.19
GAP - (GPS)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 8.76% in the last month
  • Relative Strength Index 67.53%
  • Barchart computes a technical support level at 27.96
  • Recently traded at 28.47 with a 50 day moving average of 25.74






Valspar - VAL - Barchart Chart of the Day


Barchart.coms Chart of the Day - Valspar Corp (VAL)
Related Stocks
VAL - Valspar Corp.
Sym Last Chg Pct
VAL 51.53 -0.44 -0.85%
The "Chart of the Day" is Valspar Corp (VAL), which showed up on Friday's Barchart "All-Time High" list. Valspar on Friday posted a new all-time high of $52.12 and closed up +2.40%. TrendSpotter has been Long since April 16 at $50.23. TrendSpotter was in a neutral mode in the second week of April after taking a 31% profit on a long trade held from late November to early April. In recent news on the stock, Valspar on Feb 14 reported Q1 EPS of 58 cents, above the consensus of 48 cents. Gabelli on Feb 28 initiated coverage on Valspar with a Buy due to the potential housing recovery and Valspar's debt reduction and margin improvement efforts. Valspar, with a market cap of $4.7 billion, is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants.

val_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

Nucor (NUE) sell signals

This morning I deleted Nucor (NUE) from the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:
  • 80% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving average
  • 17.11% off its 1 year high
  • Relative Strength Index 33.84%




FNB and Kodiak deleted

This morning I deleted both FNB Corp (FNB) and Kodiak Oil (KOG) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

FNB Corp (FNB)


Barchart technical indicators:
  • 56% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below it 20, 50 and 100 day moving average
  • 8.28% off its 1 year high
  • Relative Strength Index 44.90%
Kodiak Oil (KOG)


Barchart technical indicators:
  • 48% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving average
  • 19.45% off its 1 year high
  • Relative Strength Index 41.87%