Friday, May 18, 2012

3 stocks

With the market as measured by the Value Line Index hitting new lows every day I thought you'd like to see 3 stocks continuing to buck the trend.  I used Barchart to find 3 that I think have very interesting charts that might be good additions to your watch lists.  The stocks are Xenoport (XNPT),  Waterstone Financial (WSBF) and PRGX Global (PRGX).

For reference I've included an hourly trading chart of the Value Line Index over the past month:


Xenoport (XNPT)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 31.26% in the last month
  • Relative Strength Index 68.90%
  • Barchart computes  a technical support level at 5.49
  • Recently traded at 5.92 with a 50 day moving average of 4.53
Waterstone Financial (WSBF)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 34.55% in the last month
  • Relative Strength Index 80.49%
  • Barchart computes a technical support level at 3.86
  • Recently traded at 7.08 with a 50 day moving average of 3.10
PRGX Global (PRGX)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 11 new highs and up 4.50% in the last month
  • Relative Strength Index 70.17%
  • Barchart computes a technical support level at 6.77
  • Recently traded at 7.08 with a 50 day moving average of 6.33







Barchart Morning Call 5/18


Barchart Morning Call

Fri, 18 May 2012 07:00:00 -0500

Overnight Developments
    E-mini S&Ps are up 7.25 points (+0.56%) this morning on some pre-weekend short-covering after this week's losses. T-note prices are down 6 ticks. The dollar index is slightly higher by +0.08 points. Commodity prices are mostly higher with crude oil up 14 cents (+0.15%), gold up $15.6 (+0.99%), and copper up 3.3 cents (+0.93%). Commodities trading lower include gasoline, soybeans and sugar. European stocks are moderately lower again with the Euro Stoxx 50 down -0.36. European stocks are reacting to the news after Thursday's U.S. close that Moody's downgraded 16 Spanish banks. In some good news for Europe, the Spanish 10-year yield today fell by 6 bp to 6.22% despite yesterday's downgrade of 16 Spanish banks by Moody's. However, Spanish government credit default swap prices, the price of insuring against a Spanish government default, rose 8.5 bp to a record 560 bp. Spanish bank CDS prices also rose today with CDS prices on Bankia SA rising 68 bp to 828 bp, Banco Santander SA up 25 bp to 468.5 bp, and Banco Popular Espanol up 34 bp to 785 bp. Santander's stock price, however, is up 3% this morning on a report that Spanish banks are calling for a reintroduction of a ban on short selling on financial stocks. Bankia, which has been pummeled over the past two weeks, is up 20% today. Bankia was the subject of reports and denials yesterday about whether it has been subject to heavy depositor withdrawals since it was recently taken over by the Spanish government. President Obama meets late this morning with new French President Hollande before today's start of the 2-day G-8 meeting at Camp David. The G-8 Summit agenda includes the Greek debt crisis, global food security, and using strategic oil reserves to offset the European embargo on Iranian oil that begins on July 1. After the G-8 meeting, leaders will be traveling to Chicago for the NATO summit on Sunday and Monday. The Wall Street Journal is reporting that JPMorgan's derivatives loss may widen to $5 billion from the $2 billion amount initially announced last Thursday. Asian stocks fell sharply today across the board in reaction to Thursday's weak U.S. economic data and the Moody's downgrade on 16 Spanish banks: Japan -2.99%, Hong Kong -1.30%, China -1.53%, Taiwan -2.79%, Australia -2.67%, Singapore -1.54%, South Korea -3.53%, India +0.51%, Turkey -0.43%. The price of new homes in China fell on a year-on-year basis in 46 of the 70 cities tracked by China's National Bureau of Statistics. New home prices in Beijing fell 1% y/y and in Shanghai fell 1.3% y/y. Goldman Sachs today lowered its forecast for Chinese Q2 GDP to +7.9% from +8.5%, and cut its full year forecast to +8.1% from +8.6%.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are trading +7.25 points (+0.56%) as some short-covering has emerged ahead of the weekend. Facebook (FB) starts trading today after the company in its IPO sold 421.2 million shares at $38 per share to raise $16 billion, which valued the company at $104.2 billion. There are earnings reports today from DCI-Donaldson (consensus $0.43), FL-Foot Locker (0.74), and TTC-Toro (2.13). U.S. stocks on Thursday closed lower: S&P 500 -1.51%, Dow Jones -1.24%, Nasdaq 100 -2.05%. U.S. stocks received some support Wednesday night from the news that Japan's Q1 GDP was stronger-than-expected at +4.1% (q/q annualized). However, the news became progressively worse with reports of a run on Spanish bank Bankia and a continued rise in most peripheral European credit default swap prices and bond yields. In addition, Thursday's U.S. economic data was weaker-than-expected with unchanged initial unemployment claims at 370,000 (versus expectations of 365,000), a drop in the May Philadelphia Fed index to -5.8 from 8.5, and a 0.1% drop in the April LEI (versus expectations of +0.1%). The Euro Stoxx 50 on Thursday closed the day down 1.1%, undercutting U.S. stocks. In addition, reports emerged during the day that Moody's after the close would downgrade Spanish banks, which in fact occurred. After the close, Facebook released news that it priced its IPO at $38.
Today's Market Focus
    June 10-year T-notes this morning are trading -6 ticks on the higher trade in E-mini S&Ps and the lack of any fresh negative news out of Europe. T-note prices on Thursday closed mixed: TYM2 +11, FVM2 -0.25. The 10-year T-note yield on Thursday closed at 1.70%, which was only 3 bp above the record low of 1.67% posted last September. T-note prices were boosted yesterday by the weak U.S. economic data combined with worries about Greek and Spanish banks. In addition, T-note prices were boosted by speculation that the recent spate of bad news may force the Fed into at least extending its Operation Twist program when it expires at the end of June, which would be bullish for the longer-term of the Treasury curve where the Fed is making its securities purchases. The dollar index this morning is slightly higher by 0.08 points. EUR/USD is up 0.0009 and USD/JPY is up 0.11 yen. The dollar index on Thursday closed mildly higher: Dollar Index +0.14, EUR/USD -0.0018, USD/JPY -1.05. USD/JPY fell sharply as the yen was boosted by the stronger-than-expected Japanese Q1 GDP report of +4.1% (q/q annualized). The dollar index edged to a new 4-month high but again stopped just short of taking out the 1-2/3 year high of 81.784 posted in mid-January. The euro was again undercut by this week's reports this week of depositor withdrawals from banks in Greece and Spain, which is putting increased pressure on the ECB for another big long-term loan operation or possibly even a rate cut, which would be euro-bearish events. July WTI crude oil prices this morning are trading +14 cents (+0.15%) but July gasoline is down 1.19 cents (-0.42%). July Brent crude oil today is down 56 cents (-0.52%) at $106.93, which is now only about $7 above the $100 target mentioned earlier this week by Saudi Oil Minister al-Naimi. Crude oil and gasoline prices on Thursday closed lower: CCLN12 -0.25 (-0.27%), RBN2 -0.0477 (-1.66%). July gasoline on Thursday fell sharply to a new 4-month low while July crude oil consolidated above Wednesday's 6-month low. Crude oil prices on Thursday continued to be pressured by the stronger dollar and concern about global economic growth with the problems in Greece and Spain and with Thursday's weaker-than-expected U.S. economic data. Nymex gasoline prices (NY harbor), which are priced more off Brent crude than WTI crude, were weak yesterday as the market bets on a narrowing of the Brent-WTI spread with the reversal of the Seaway pipeline. Enbridge said yesterday that work has been completed on reversing the Seaway Pipeline and that the 500-mile pipeline this weekend will start transporting oil from the hub at Cushing, Oklahoma to the Gulf of Mexico coast. That should cause a slow drawdown in crude oil inventories at Cushing, which is where the Nymex WTI futures contract is priced. The pipeline will initially deliver 150,000 bpd of crude oil, rising to more than 400,000 bpd by Q1-2013. The drawdown will be very slow considering that oil is flooding into Cushing from North Dakota and Canada and that it would take 10 months for the Seaway pipeline to drain the 45.127 million barrels of oil at Cushing even if oil completely stopped flowing into Cushing from elsewhere.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): DCI-Donaldson (consensus $0.43), FL-Foot Locker (0.74), TTC-Toro (2.13).
Global Financial Calendar
Friday 5/18/12
United States
0830 ET Factory orders and durable goods orders benchmark revisions.
n/a G-8 Summit at Camp David (Fri/Sat)
1500 ET USDA Cattle-on-Feed report.
Japan
0130 ET Japan Apr nationwide department store sales, Mar +14.1% y/y. Apr Tokyo department store sales, Mar +26.7% y/y.
Germany
0200 ET German Apr producer prices expected +0.3% m/m and +2.5% y/y, Mar +0.6% m/m and +3.3% y/y.

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

Dorman Products - DORM - Barchart Chart of the Day


Barchart.coms Chart of the Day - Dorman Products (DORM)
Related Stocks
DORM - Dorman Products
Sym Last Chg Pct
DORM 51.85 +0.44 +0.86%
The "Chart of the Day" is Dorman Products (DORM), which showed up on Thursday's Barchart "All Time High" list. Dorman on Thursday posted a new all-time high of $52.04 and closed up 0.86%. TrendSpotter has been Long since May 2 at $49.66. In recent news on the stock, Dorman on Feb 21 reported fiscal Q4 EPS of 87 cents, well above the consensus of 76 cents. Dorman on May 15 declared a 2 for 1 stock split effective June 1 with a distribution date of June 15. Dorman Products, with a market cap of $880 million, is a leading supplier of OE Dealer `Exclusive` automotive replacement parts, automotive hardware, brake products, and household hardware to the Automotive Aftermarket and Mass Merchandise markets.

dorm_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

Thursday, May 17, 2012

3 NASDAQ 100 stocks

This morning I used Barchart to screen the NASDAQ 100 stocks to find some that still had some juice left and found BMC Software (BMC), Biogen Idec (BIIB) and Bed, Bath and Beyond (BBBY)

BMC Software (BMC)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 10.15% in the last month
  • Relative Strength Index 63.98
  • Barchart computes a technical support level at 42.49
  • Recently traded at 43.70 with a 50 day moving average of 39.98
Biogen Idec (BIIB)


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 66.59%
  • Barchart computes a technical support level at 134.86
  • Recently traded at 136.80 with a 50 day moving average of 127.21
Bed, Bath and Beyond (BBBY)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 3.64% in the last month
  • Relative Strength Index 62.42%
  • Barchart computes a technical support level at 71.07
  • Recently traded at 72.08 with a 50 day moving average of 67.90






Barchart Morning Call 5/17


Barchart Morning Call

Thu, 17 May 2012 07:00:00 -0500

Overnight Developments
    E-mini S&Ps are slightly higher by 1.00 point today, shaking off the 0.79% sell-off in European stocks and gaining some confidence from last night's stronger-than-expected Japanese Q1 GDP report of +4.1% (q/q annualized). T-notes are down 2.5 ticks on the stable trade in E-mini S&Ps. The dollar index as usual is trading higher and is up 0.17 points (+0.21%). Commodity markets are mixed. Gold is up $10.00 while copper and WTI crude oil are showing small gains. European stocks today are trading lower again with the Euro Stoxx 50 down -0.79%. The markets are concerned about yesterday's decision by the ECB to halt direct lending to some troubled Greek banks until they get recapitalized. The ECB temporarily transferred the lending responsibility to the Greek central bank. Eurozone and Greek officials are working on the Greek bank recapitalization with 50 billion euros of funding provided by the recent bailout agreement, but the recapitalization process is moving slowly. The ECB's action to step away from direct lending to some Greek banks is move to protect its balance sheet and is also a warning shot to Greek politicians that the ECB alone is propping up the Greek banking system at the moment. Markets are closed today for Ascension Day in Switzerland, Norway, Sweden, Denmark, Finland, Austria, and Luxembourg. Spain today successfully sold 2.5 billion euros of 3-year bonds but had to sell the bonds at 4.876%, up sharply from 4.037% at the last auction just 2 weeks ago. In Spain, Bankia SA plunged by 19% today on a report by El Mundo that depositors have withdrawn 1 billion euros from the bank since May 9 when the Spanish government took over the troubled bank. Bankia is the lender with the largest asset base in Spain. Spain today reported its Q1 GDP at -0.3% q/q and -0.4% y/y, which was right in line with market expectations. In Greece, head of Greece's Council of State Panagiotis Pikrammenos was named head of a caretaker government yesterday. The government today is expected to announce June 16 as the date for the new election. The new election is not likely to result in a major shift in parliamentary seats among the political parties with anti-bailout Syriza winning a few extra seats and the traditional New Democracy and Pasok parties losing a few seats. In a sign that Syriza leader Tsipras is not about to let up on his strident rhetoric, he demanded that the caretaker government freeze the implementation of wage and pension cuts and other austerity measures until after the election. Greece will run out of cash by early July if it does not qualify for another bailout tranche from the Eurozone. Asian stocks today closed mixed: Japan +0.86%, Hong Kong -0.31%, China +1.53%, Taiwan +1.69%, Australia -0.19%, Singapore -0.30%, South Korea +0.23%, India +0.25%, Turkey +0.23%. Japan's Q1 GDP rose +4.1% (q/q annualized), which was stronger than market expectations of +3.5%. The Q1 deflator of -1.2% y/y was stronger than expectations of -1.5% y/y but showed that Japan is still in a deflationary situation. While the 4.1% GDP increase was welcome, part of the GDP increase was due to the earthquake reconstruction effort, which will not last. Japan is also worried about lower exports to Europe with the Greek situation likely dampening European economic growth in Q2. Japan this summer is also expected to experience rolling blackouts and reduced electricity usage since all its nuclear power plants are now offline, which may reduce business output. A Japanese survey of economists found a consensus that Japan GDP will ease to +2.2% in Q2 and Q3 and to +1.7% in Q4. Singapore today reported Q1 GDP at +10% (q/q annualized), which was a positive development for Asia.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are trading up +1.00 point on some support from the Japan Q1 GDP report of +4.1%, although the European situation continues to undercut confidence. There are earnings reports today from Wal-Mart (consensus $1.04), PCP-Precision Castparts (2.27), CRM-Salesforce.com (0.34), and INTU-Intuit (2.48). US stocks on Wednesday closed lower once again: Dow Jones -0.50%, Nasdaq 100 -0.74%. The Greek situation is becoming even more dangerous with a slow bank run on Greek banks. The Euro Stoxx 50 on Wednesday closed slightly lower by -0.15%. U.S. stocks were also hurt after two ECB officials said the ECB has no immediate plans for more stimulus. U.S. stocks received some underlying support from stronger-than-expected April housing starts data (+2.6% to 717,000 versus expectations of 685,000) and April industrial production data (+1.1% versus expectations of +0.6%). Q1 mortgage delinquencies fell to 7.40% from 7.58% in Q4, although Q1 mortgage foreclosures rose slightly to 4.39% from Q4’s 4.38%
Today's Market Focus
    June 10-year T-notes this morning are trading slightly lower by 2.5 ticks due to the slightly higher trade in E-mini S&Ps. T-note prices on Wednesday closed narrowly mixed: TYM2 +1.5, FVM2 -1.25. T-note prices on Wednesday received continued underlying support from the Greek situation, but were undercut by the stronger-than-expected U.S. housing starts and industrial production reports. The 10-year T-note yield on Wednesday closed unchanged at 1.76%, which was only 10 bp above the record low of 1.67% posted last September. The dollar index this morning is up 0.17 points as safe-haven demand continues. EUR/USD is down -0.0025 and USD/JPY is down 0.14 yen. The dollar index on Wednesday closed mildly higher: Dollar Index +0.15, EUR/USD -0.0013, USD/JPY +0.15. The dollar index on Tuesday posted a new 4-month high and EUR/USD fell to a new 4-month low on continued worries about the Greek situation. The dollar index also received some support from the stronger-than-expected U.S. housing starts and industrial production reports. The euro received some underlying support from ECB President Draghi's statement that that while the ECB's "strong preference" is for Greece to stay in the Eurozone, the ECB will continue to preserve "the integrity of our balance sheet." In addition, two ECB officials said that no immediate stimulus measures were under consideration, which provided support for the euro's interest rate differentials. July WTI crude oil prices this morning are trading slightly higher by 5 cents but July gasoline is down 0.95 cents. Crude oil and gasoline prices on Wednesday closed sharply lower: CLN12 -1.16 (-1.23%), RBN2 -0.0265 (-0.92%). Crude oil prices on Wednesday were undercut again by the stronger dollar and worries about global growth. In addition, the weekly DOE report showed a 2.13 million barrel increase in U.S. crude oil inventories, which was stronger than market expectations of 1.5 million barrels. The report put U.S. oil inventories at a new 21-3/4 year high, the highest level since August 1990. U.S. oil inventories are now 7.8% above the 5-year seasonal average, the highest such level in a year. Crude oil inventories at Cushing rose by 1.0 million barrels to a new record high of 45.127 million barrels. The Seaway Pipeline is expected to start up in reverse direction today, which means oil will start flowing from the hub at Cushing, Oklahoma to the Gulf of Mexico coast. That should cause a slow drawdown in crude oil inventories at Cushing, which is where the Nymex WTI futures contract is priced. Meanwhile, the DOE report was bullish for the products. U.S. gasoline inventories fell by -2.797 million barrels versus expectations for an increase of +800,000 barrels. Distillate inventories fell by 969,0090 barrels versus expectations of +300,000 barrels. Those reports left gasoline 1.9% below its 5-year seasonal average and distillate inventories 10.6% below the 5-year average. Distillates are now at the tightest level relative to the 5-year average since July 2003. Meanwhile, the refinery utilization rate jumped by 1.9 points to 88.3% versus expectations of +0.5 points to 86.9%. The increase in the refinery utilization rate is good news because it means refineries will be using more crude oil and producing more products, thus putting some downward pressure on U.S. crude oil inventories and boosting product inventories.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): Wal-Mart (consensus $1.04), PCP-Precision Castpt (2.27), CRM-Salesforce.com (0.34), INTU-Intuit (2.48), RSOT-Ross Stores (0.93), AMAT-Applied Materials (0.24), GPS-Gap (0.45), DLTR-Dollar Tree (0.97), ADSK-Autodesk (0.47).
Global Financial Calendar
Thursday 5/17/12
United States
0830 ET Weekly initial unemployment claims expected -2,000 to 365,000, previous -1,000 to 367,000. Weekly continuing claims expected +6,000 to 3.235 million, previous -61,000 to 3.229 million.
0830 ET USDA weekly exports.
1000 ET Apr leading indicators expected +0.1%, Mar +0.3%.
1000 ET May Philadelphia Fed manufacturing index expected +1.5 to 10.0, Apr -4.0 to 8.5.
1030 ET DOE natural gas storage.
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 May 22-24.
1235 ET St. Louis Fed President James Bullard speaks to the Rotary Club of Louisville, KY.
1300 ET Treasury auctions $13 billion in 10-year TIPS.
1630 ET Weekly money supply report and Fed balance sheet.
Japan
0000 ET Japan Apr Tokyo condo sales, Mar -6.1% y/y.
0030 ET Japan Mar final industrial production, prelim +1% m/m and +13.9% y/y. Japan Mar final capacity utilization, prelim -1.7% m/m.
CHI
2130 ET China Apr property prices.
2135 ET China May MNI flash business sentiment survey.

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

Brown-Forman - BF.B - Barchart Chart of the Day


Barchart.coms Chart of the Day - Brown-Forman (BF.B)
Related Stocks
BF.B - Brown Forman Inc B
Sym Last Chg Pct
BF.B 88.31 +0.52 +0.59%
The "Chart of the Day" is Brown-Forman (BF.B), which showed up on Wednesday's Barchart "All Time High" list. Brown Forman on Wednesday posted a new all-time high of $88.72 and closed up 0.59%. TrendSpotter has been long since March 27 at $83.72. In recent news on the stock, UBS on April 4 upgraded Brown-Forman to Buy from Neutral and raised its target to $98 from $83 due to higher revenue growth estimates and market share gains. Brown-Forman on March 7 reported fiscal Q3 EPS of 93 cents, below the consensus of $1.00, and said it sees net sales growth in Q4 in the high single digit range. Brown-Forman, with a market cap of $12.6 billion, is a producer and marketer of beverage alcohol brands including Jack Daniel's, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra.

bf-b_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 16, 2012

3 Soaring Mid Caps

This morning I used Barchart to screen the Small Cap S and P 600 index stocks to find 3 still having upward momentum in this shaky market and found WD-40 (WDFC), Marriot Vacations WorldWide (VAC) and Tuesday Morning (TUES)

WD-40 (WDFC)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 6.72% in the last month
  • Relative Strength Index 67.03%
  • Barchart computes a technical support level at 45.86
  • Recently traded at 47.41 with a 50 day moving average of 44.79
Marriot Vacations WorldWide (VAC)


Barchart technical indicators:
  • 100% Barhart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 17.33% in the last month
  • Relative Strength Index 81.70%
  • Barchart computes a technical support level at 31.50
  • Recently traded at 33.34 with a 50 day moving average of 28.72
Tuesday Morning (TUES)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 6.02% in the last month
  • Barchart computes a technical support level at 4.01
  • Recently traded at 4.23 with a 50 day moving average of 3.90






Barchart Morning Call 5/16


Barchart Morning Call

Wed, 16 May 2012 07:00:00 -0500

Overnight Developments
    The E-mini S&P this morning is little changed despite the fact that European stocks are down another 0.62% on the Greek political impasse. Commodity prices are mostly lower again this morning with July crude oil down 1.7%, gold down 1.4%, copper down 1.7% and most agricultural commodities trading lower. The dollar index is mildly higher by +0.26% and EUR/USD is trading slightly lower by -0.13%. Greek political leaders will meet later today to name an interim government that will call new elections, likely for either June 10 or 17. The anti-bailout party Syriza is likely to gain a few percentage points of votes in a new election and the traditional Pasok and New Democracy parties are likely to lose 1-3 percentage points of votes. Syriza right now has 20.5% support in the polls versus 19.4% for Pasok and 11.8% for Pasok. However, the political situation will not be much different after the election than it is now, meaning that there is no obvious path forward for Greece at present unless Radical Left Syriza leader Tsipras eases up and agrees to join a government. The only good news was that Greece yesterday paid in full its 435 billion euro floating-rate note debt, thus preventing a default cascade from the trigger of cross-collateral default provisions in other Greek notes not covered by Greek law. The debt payment at least bought Greece some time to figure out how to get through the next couple of months of political turmoil. Greece has only enough cash to survive through early July without another bailout tranche payment from the Eurozone. The main point that came out of last night's Merkel-Hollande meeting was that the new Greek vote in June will be a referendum on whether Greece wants to stay in the euro. German Chancellor Merkel and French President H Hollande both made concessionary remarks of concern for Greece, but basically said that Greece will have to live up to the main tenets of the bailout agreement. Ms. Merkel said requests for measures to bolster growth will be "considered" and that the EU may "approach Greece with proposals." She added, "Greece can stay in the euro area," and "Greek citizens will be voting on exactly that." Mr. Hollande said, "The Greeks need to know we'll come with growth measures that will allow them to stay in the euro zone." The Bank of England today lowered its growth and inflation forecasts and said that UK officials are tuning up their contingency plans for weaker growth being caused by the European debt crisis. The BOE in its quarterly Inflation Report forecast that UK inflation will remain above 2% longer than last forecast but will drop to +1.6% in two years, below the 2% inflation target. The BOE last week voted to halt its quantitative easing program and said that the inflation risks are "broadly, evenly balanced." The BOE forecast that GDP will be at +2.6% in two years. Today's UK March ILO unemployment rate fell to 8.2% from 8.3% in Feb and was more favorable than expectations for an increase to 8.4%. In addition, April jobless claims fell by 13,700 versus expectations for a 5,000 rise. For the Eurozone, the April CPI was reported at +2.6% y/y and the core CPI at +1.6% y/y. The March Eurozone seasonally-adjusted trade balance rose to 4.3 billion euros was larger than the market consensus of 3.8 billion euros and up from Feb's revised 4.0 billion euros. Asian stocks fell nearly across the board today: Japan -1.12%, Hong Kong -3.19%, China -1.63%, Taiwan -2.18%, Australia -2.36%, Singapore -1.58%, South Korea -3.33%, India -1.83%, Turkey +0.11%. Chinese stocks today fell 1.2% and were down for the fourth consecutive day on continued concern about weaker Chinese economic growth and weaker export prospects to Europe, which is China's biggest export market with an 18% share of Chinese exports. The market consensus shifted downward for Chinese Q2 GDP after last Thursday night's weaker than expected Chinese industrial production report of +9.3% y/y. Japan's JGBs today rallied and 10-year yields fell to 0.82% to match the lowest level since 2003 on safe-haven demand. The Bank of Japan in today's purchase program was unable to get enough offers to fill its bid since JGBs are in high demand as a safe-haven asset. Japan March machine orders fell -2.8% m/m, which was better than the market consensus of -3.5%.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are trading -0.25 points, which could be considered a sign of strength considering that the Euro Stoxx 50 this morning is down by another 0.62%. Due to strong demand, Facebook raised the size of its IPO by 25% to 421.2 million shares with existing holders boosting their sales to 241.2 million shares from 157.4 million. There are earnings reports today from Target, Deere and Limited Brands. US stocks on Tuesday closed moderately lower: S&P 500 -0.57%, Dow Jones -0.98%, Nasdaq 100 -0.37%. The U.S. stock market on Tuesday fell on the collapse of Greek talks to form a new government, which substantially increased the chances that Greece may eventually be forced to exit the Eurozone. However, the stock market received support from better-than-expected U.S. economic news as the May U.S. NAHB housing market index rose by 4 points to a new 5-year high of 29 and the May Empire manufacturing index rose to 17.09 from 6.56. In addition, the Eurozone Q1 GDP report of unchanged was stronger than market expectations of -0.2% q/q and the German Q1 GDP report of +0.5% q/q (+2.0% annualized) was stronger than market expectations of +0.1% q/q. The U.S. retail sales report of +0.1% m/m overall and ex-autos, however, was slightly weaker than market expectations of +0.2%.
Today's Market Focus
    June 10-year T-notes this morning are trading -1 tick as the market awaits this morning's housing starts and industrial production reports and the FOMC minutes. T-note prices on Tuesday closed slightly lower: TYM2 -1.5, FVM2 -2.75. There was still safe-haven demand from the Greek situation, but T-note prices closed lower on long liquidation pressure, and stronger-than-expected U.S. and European economic data. The 10-year T-note yield yesterday closed little changed at 1.77%, which was just 10 bp above the record low of 1.67% posted last September. The question is whether the rally in T-note prices can continue now that the markets have to wait a month for Greek elections and further developments on whether Greece will eventually exit the Eurozone. The dollar index this morning is trading mildly higher by +0.21 points on continued support from safe-haven demand with the Greek political impasses. EUR/USD is down 0.17 cents and USD/JPY up 0.26 yen. The dollar index on Tuesday closed moderately higher: Dollar Index +0.62, EUR/USD -0.0094, USD/JPY +0.33. The dollar index on Tuesday broke out to a new 4-month high and EUR/USD fell to a new 4-month low on the breakdown in Greek political talks and the need for new elections. The dollar index has rallied sharply by 3% in the past two weeks, but the dollar index could soon run out of fuel as the markets wait for the new Greek election and further developments on whether Greece will exit the Eurozone. July WTI crude oil prices this morning are trading sharply lower by $1.58 (-1.57%) and July gasoline is down 2.63 cents (-1.08%) on global economic doubts, this morning's stronger dollar, and ahead of this morning's DOE report, which is expected to show inventory increases for crude oil and products. Crude oil and gasoline prices on Tuesday closed moderately lower: CLN12 -0.78 RBN2 -0.0100. Crude oil prices were pressured once again by the rally in the dollar index to a new 4-month high and concerns about the global economy, although there was a least some better than expected U.S. economic data (NAHB market index and Empire manufacturing index) and European GDP data. Crude oil prices yesterday were also pressured by expectations that today's weekly DOE report will show another increase in crude oil inventories to a new 21-3/4 year high.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): TGT-Target (consensus $1.06), DE-Deere (2.53), LTD-Limited Brands (0.40), SPLS-Staples (0.30), NTES-Netease (1.04), ANF-Abercrombie (0.01).
Global Financial Calendar
Wednesday 5/15/12
United States
0700 ET Weekly MBA mortgage applications, previous +1.7%, purchase sub-index +3.4%, refinancing sub-index +1.3%.
0830 ET Apr housing starts expected +4.7% to 685,000, Mar -5.8% to 654,000. Apr building permits expected -4.7% to 728,000, Mar +6.4% to 764,000.
0915 ET Apr industrial production expected +0.6%, Mar unchanged. Apr capacity utilization expected +0.4 to 79.0%, Mar -0.1 to 78.6%.
1000 ET Q1 mortgage delinquencies, Q4 7.58%. Q1 foreclosures, Q4 4.38%.
1030 ET DOE Weekly Petroleum Status Report.
1230 ET St. Louis Fed President James Bullard speaks about the U.S. economy and monetary policy at an event in Louisville, KY.
1400 ET Minutes of the Apr 24-25 FOMC meeting.
Euro-Zone
0200 ET EU Apr 25 new car registrations, Mar -7.0%.
0500 ET Eurozone Apr CPI expected +0.5% m/m and +2.6% y/y, Mar +1.3% m/m. Apr core CPI expected +1.5% y/y, Mar +1.6% y/y.
0500 ET Eurozone Mar trade balance (sa) expected 3.8 bln euros, Feb 3.7 bln euros.
United Kingdom
0430 ET UK Mar ILO unemployment rate expected 8.4%, Feb 8.3%. Apr claimant count expected 5.0%, Mar 4.9%. Apr jobless claims change expected +5,000, Feb +3,600.
0430 ET UK Mar weekly earnings expected +1.0% 3M/yoy, Feb +1.1% 3M/yoy. UK Mar weekly earnings ex-bonus expected +1.4% 3M/yoy, Feb +1.6% 3M/yoy.
0530 ET UK Bank of England Inflation Report.
Japan
1950 ET Japan Q1 housing loans, previous +2.2%.
1950 ET Japan Q1 GDP expected +3.5% q/q annualized, previous -0.7%. Q1 GDP deflator expected -1.4% y/y, previous -1.8%.

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

Colgate-Palmolive - CL - Barchart Chart of the Dasy


Barchart.com's Chart of the Day - Colgate-Palmolive (CL)
Related Stocks
CL - Colgate-Palmolive Company
Sym Last Chg Pct
CL 101.46 +0.42 +0.42%
The "Chart of the Day" is Colgate-Palmolive (CL), which showed up on Tuesday's Barchart "All Time High" and "Gap Up" lists. Colgate-Palmolive on Tuesday posted a new all-time high of $101.82 and closed up 2.05%. TrendSpotter has been long since April 16 at $97.67. Colgate-Palmolive was last featured on "Chart of the Day' as of the close on August 29, 2011 when the stock was at $89.77. In recent news on the stock, Argus on May 15 upgraded Colgate-Palmolive to Buy from Hold with a price target of $118 based on emerging market opportunities, improving free cash flow, and expectations for continued stock repurchases and dividend increases. Colgate-Palmolive, with a market cap of $47 billion, is a leading global consumer products company, focused on Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition.

cl_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, May 15, 2012

3 Soaring Mid Caps

If there is just one tip I can give to any investor it would be that you can save a tremendous amount of time by learning to use a good stock screener. I'd be lost without Barchart.com.  This morning I screened the S and P 400 Mid Cap Index to find 3 with really good technicals and found Church and Dwight (CHD), W R Berkley (WRB) and Toll Brothers (TOL):

Church and Dwight (CHD)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 7.16% in the last month
  • Relative Strength Index 76.64%
  • Barchart computes a technical support level at 52.39
  • Recently traded at 53.82 with a 50 day moving average of 51.55
W R Berkley (WRB)


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 6.76% in the last month
  • Relative Strength Index 86.96%
  • Barchart computes a technical support level at 38.57
  • Recently traded at 39.04 with a 50 day moving average of 36.91
Toll Brothers (TOL)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 18.82% in the last month
  • Relative Strength Index 67.03%
  • Barchart computes  a technical support level at 26.14
  • Recently traded at 27.28 with a 50 day moving average of 24.40








Barchart Morning Call 5/15


Barchart Morning Call

Tue, 15 May 2012 07:00:00 -0500

Overnight Developments
    E-mini S&Ps this morning are mildly higher by 8.0 points (+0.60%) on this morning's stronger-than-expected European GDP reports. Commodity prices are mildly higher on balance on some short-covering. The dollar index is trading slightly lower by 0.02 points and EUR/USD is up 0.30 cents. June 10-year T-notes are down 5 ticks on reduced safe-haven demand. European stocks are trading slightly higher this morning with the Euro Stoxx 50 up +0.07%. European stocks received some support from the European GDP reports but the market remains on edge as the Greek political situation has yet to be resolved. Francois Hollande will be inaugurated today as French president. He will then travel to Berlin to have dinner with German Chancellor Merkel and they will give a joint news conference after the dinner. Ms. Merkel's spokesman said the two leaders will not make any policy decisions today. The Eurozone Q1 GDP report of unchanged q/q was stronger than the market consensus of -0.2% q/q. Eurozone GDP received a significant boost from Germany's Q1 GDP report of +0.5% q/q (+2.0% annualized), which was stronger than market expectations of +0.1% q/q (+0.4% annualized) and returned to positive growth after the -0.2% q/q decline seen in Q4. French Q1 GDP was unchanged q/q. Italy's Q1 GDP fell sharply by -0.8% q/q (-3.2% annualized). This morning's ZEW confidence indexes were mixed. The Eurozone May ZEW economic sentiment index fell to -2.4% from 13.1 in April. The May German ZEW economic sentiment index fell to 10.8 from 23.4 in April, which was weaker than the consensus of 19.0. The German ZEW May ZEW current situation index rose to 44.1 from 40.7 in April, which was stronger than the market consensus of 39.0. Greek President Papoulias today will meet with the leaders of the main parties at 2PM Athens time to see if he can convince them to allow a new technocratic government to rule the country. However, the odds appear slim since that idea has already been shot down by the leaders of the Democratic Left and Syriza. Greece appears to be moving towards new elections in June, at which time the anti-bailout forces will have even more power based on recent voter polling. Greece today successfully sold 1.3 billion euros of 13-week Treasury bills with a yield of 4.34% and with a bid cover ratio of 2.32 times. The markets are waiting to see how Greece handles a 436 billion euro payment that is due today on a floating rate note covered by non-Greek law. Greece may simply fail to make the payment but claim a 30-day grace period. Today's note is one of 7 billion euros worth of Greek securities that are covered by non-Greek law and were not part of the recent Greek bond swap, which forced a haircut of about 50% on the bond holders. The markets are waiting to see if Greece will pay the note or whether it will default and end up in a long litigation process with the holders of the note, who are still demanding 100% payment. Greece previously said that bond holders of the non-Greek-law debt will receive a deal no better than the haircut on the bond swap deal. Asian stock markets today closed mixed: Japan -0.81%, Hong Kong +0.81%, China +0.07%, Taiwan +0.25%, Australia -0.71%, Singapore +0.44%, South Korea -0.70%, India +0.69%, Turkey -0.22%. Chinese April foreign direct investment (FDI) fell -0.7% y/y to $8.4 billion. That was the sixth consecutive decline in FDI, illustrating that foreign companies are pulling back from investing in China with the slowing economy and real estate markets.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are trading +8.00 points (+0.60%) on the better-than-expected European GDP report and slightly higher European stocks. Earnings reports today include Home Depot, TJX and JC Penney. Facebook raised its IPO range to $34-38 from $28-$35, suggesting demand is running strong for the largest-ever Internet-company IPO. US stocks on Monday closed sharply lower: S&P 500 -1.11%, Dow Jones -0.98%, Nasdaq 100 -0.98%. The US stock market on Monday took another heavy hit on continued worries about Greece, the poor showing of German Chancellor Merkel's CDU party in state elections in North Rhine-Westphanlia which is likely to make Ms. Merkel even less willing to provide more bailout money, the sharp 2.33% sell-off in the Euro Stoxx 50, the 0.3% decline in Eurozone March industrial production, and the growing trading loss at JPMorgan which is reportedly already doubled to $4 billion from $2 billion last Thursday.
Today's Market Focus
    June 10-year T-notes this morning are trading -5 ticks on some reduced safe-haven demand with the mild rally in E-mini S&Ps. T-note prices on Monday closed higher: TYM2 +11, FVM2 +3.25. June 10-year T-note prices posted another new record high on Monday while the 10-year bond yield fell to 1.77%, which is just 10 bp above the record low of 1.67% posted last September. Bullish factors included continued safe-haven demand with the ongoing slump in stocks, increasing doubt even among Eurozone officials about whether Greece can stay in the Eurozone given its political climate, and the increasing chance for further Fed security programs if the global situation continues to get worse. The dollar index this morning is trading slightly lower by -0.02 points on reduced safe-haven demand. EUR/USD is up +0.30 cents and USD/JPY is up 0.07 yen. The dollar index on Monday closed higher: Dollar Index +0.34, EUR/USD -0.94 cents, USD/JPY -0.08 yen. The dollar index on Monday edged to a new 2-month high and nearly posted a 4-month high. Meanwhile, the euro extended its 2-week plunge to a new 4-month low. The dollar was boosted by safe-haven demand and the euro was undercut by the increasing speculation about Greece leaving the Eurozone. July WTI crude oil prices this morning are trading unchanged and July gasoline is up 0.85 cents in mostly technical trade as the market awaits Wednesday's DOE report. Crude oil and gasoline prices on Monday closed sharply lower: CLM12 -1.35 (-1.40%), RBM2 -0.0418 (-1.39%). Oil prices were hit hard along with the rest of the commodity sector on commodity liquidation and the rally in the dollar. In addition, Saudi Oil Minister Ali al-Naimi on Sunday said that crude oil prices should fall because global supply is outweighing demand. He said, "We want a lower price than where it is right now. We need to get the price to a level of around $100 a barrel" for London Brent crude oil. June Brent crude last Friday closed at $112.26, which means Mr. Naimi is calling for another 11% drop in oil prices from last Friday's level. The market consensus for Wednesday's weekly DOE inventory report is as follows: U.S. crude oil +1.5 million barrels (+0.4%), which would be a 21-3/4 year high, Cushing crude oil +470,000 barrels, gasoline +800,000 barrels, and distillates +300,000 barrels. The consensus is that the refinery utilization rate will rise 0.5 point to 86.9%.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): HD-Home Depot (consensus $0.65), TJX-TJX Co. (0.54), JCP-JC Penney (-0.08), CG-Carlyle Group, DKS-Dick's Sporting (0.38), VAL-Valspar (0.82), RAH-Ralcorp (0.85), SINA-Sina Corp (-0.23), SKS-Saks (0.18).
Global Financial Calendar
Tuesday, May 15
1130 ET
US American Iron and Steel Institute's steel production report for period ended May 11
1200 ET
USDA weekly weather-crop summary for period ended May 13
1630 ET
American Petroleum Institute's US oil statistics for week ended May 11

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

United Foods - UNFI - Barchart Chart of the Day


Barchart.coms Chart of the Day - United Natural Foods (UNFI)
Related Stocks
UNFI - United Natural Foods
Sym Last Chg Pct
UNFI 51.25 -0.30 -0.58%
The "Chart of the Day" is United Natural Foods (UNFI), which showed up on Monday's Barchart "All Time High" list. UNFI on Monday posted a new all-time high of $51.92 and closed +0.94%. In recent news on the stock, UNFI on March 6 reported Q2 EPS of 45 cents, above the consensus of 44 cents. RBC Capital on March 7 reiterated its Outperform rating on UNFI and said the shares should be bought on weakness, citing the company's stronger-than-expected Q2 results and that the company's margins "may have turned the corner." United Natural Foods, with a market cap of $2.5 billion, is the leading independent national distributor of natural foods and related products in the United States.

unfi_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

Monday, May 14, 2012

5 great Large Caps

This morning I used Barchart to screen the Large Cap S and P 500 stocks to find 5 with great upward momentum and found Hersey (HSY), Sherwin Williams (SHW), Scana (SCG), Wisconsin Energy (WEC) and First Energy (FE).

Hersey Foods (HSY)


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 12.51% in the last month
  • Relative Strength Index 75.91%
  • Barchart computes a technical support level at 67.69
  • Recently traded at 68.43 with a 50 day moving average of 62.70
Sherwin Williams (SHW)


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 6.88% in the last month
  • Relative Strength Index 70.16%
  • Barchart computes a technical support level at 121.62
  • Recently traded at 122.72 with a 50 day moving average of 113.13
Scana (SCG)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 5.75% in the last month
  • Relative Strength Index 64.91%
  • Barchart computes a technical support level at 36.55
  • Recently traded at 46.53 with a 50 day moving average of 45.18
Wisconsin Energy (WEC)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 7.24% in the last month
  • Relative Strength Index 70.58%
  • Barchart computes a technical support level at 36.55
  • Recently traded at 37.20 with a 50 day moving average of 35.37
First Energy (FE)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 6.20% in the last month
  • Relative Strength Index 71.14%
  • Barchart computes a technical support level at 47.25
  • Recently traded at 47.81 with a 50 day moving average of 45.61









Barchart Morning Call 5/14


Barchart Morning Call

Mon, 14 May 2012 07:00:00 -0500

Overnight Developments
    E-mini S&Ps this morning are down 12.50 points (-0.93%) on the lack of a Greek government and the poor showing of German Chancellor Merkel's CDU party in Sunday's state elections. Commodity prices are generally trading sharply lower with crude oil down 2.05%, gold down 1.40%, copper down 2.23%, and agricultural commodities mostly lower. The dollar index is up 0.30% on safe-haven demand and EUR/USD is down 0.35%. June 10-year T-note prices are up 12 ticks this morning on safe-haven demand. European stocks are trading sharply lower with the Euro Stoxx 50 down 1.87%. The Greek stock market this morning is sharply lower by 4.92%. Greek President Papoulias will try again today to broker a coalition but there does not appear to be much hope after his efforts failed over the weekend. If there is no government, then an interim government will be appointed and Greek voters will go back to the polls in June. That means that the markets will have to wait a month for a new attempt at forming a government, at which time the anti-bailout forces are likely to have even more seats in the Parliament. ECB Governing Council member Patrick Honohan said on Saturday that Greek withdrawal from the Eurozone "is not necessarily fatal, but it is not attractive." Eurozone officials are now starting to admit the possibility that Greece may be destined to leave the Eurozone. European stocks are also trading lower after German Chancellor Merkel's Christian Democratic Union (CDU) in Sunday's elections had its worst showing in post-war history in the German state of North Rhine-Westphalia. That is likely make the European debt crisis even worse as Ms. Merkel becomes even less willing to provide concessions and bailouts to troubled European countries as she heads to federal elections in autumn 2013. Adding to the bad European news, the Eurozone March industrial report this morning showed a decline of -0.3% m/m and -2.2% y/y, which was weaker than market expectations of +0.5% m/m and -1.8% y/y. European bond yields are sharply higher today with the Spanish 10-year bond yield rising by 28 bp to 6.28%. Italy's 10-year bond yield is up 23 bp to 5.74%. Spanish 5-year credit default swaps this morning are up 21 bp at a record high of 538 bp. Asian stock markets today closed mostly lower: Japan +0.23%, Hong Kong -1.15%, China -0.81%, Taiwan -0.33%, Australia +0.28%, Singapore -0.67%, South Korea +0.04%, India -0.47%. China's central bank over the weekend cut its reserve requirement ratio for large banks by 50 bp to 20.0%. That should free up $65-70 billion of bank lending. India's April wholesale inflation rate rose to +7.23% y/y from +6.89% y/y in March, reducing the scope of India's central bank to cut rates in response to weaker economic growth. The markets had been looking for a decline to +6.67%.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are trading -12.50 (-0.93%) on the sharp -1.82% sell-off in European stocks and the bad European news, which includes the lack of a Greek coalition government, the poor showing of Chancellor Merkel's party in Sunday's German state election, and the 0.3% decline in Eurozone industrial production. US stocks on Friday closed mildly lower: S&P 500 -0.34%, Dow Jones -0.27%, Nasdaq 100 -0.01%. The U.S. stock market was undercut on Friday by weak bank stocks after JPMorgan late Thursday afternoon reported a $2 billion trading loss and subsequently received credit rating downgrades on Friday. U.S. stocks were also undercut Friday by disappointing Chinese economic data. China's April industrial production eased to +9.3% y/y from +11.9% y/y in March and was weaker than the market consensus of +12.2% y/y. China's April retail sales eased to +14.1% y/y from +15.2% in March and was weaker than market expectations of +15.1%. Stocks on Friday continued to see downward pressure from the ongoing Greek political turmoil as the parties by Friday's U.S. stock market close had yet to find a way to form a coalition government. On the positive side, the U.S. stock market on Friday was boosted by the 1.4 point rise in the U.S. consumer confidence index to a new 4-year high of 77.8, taking out the previous 4-year high of 77.4 posted in Feb 2011.
Today's Market Focus
    June 10-year T-notes this morning are trading +12 ticks on increased safe-haven demand with the sharp sell-off in global stocks and worries about Greece. T-note prices on Friday closed higher: TYM2 +9.5, FVM2 +3.5. T-notes on Friday were boosted by continued safe-haven demand with lower stocks and on concern about JPMorgan's $2 billion trading loss, which JPMorgan's CEO said could get worse before it's over. The T-note market continued to see support from the Greek political situation, which could yet result in a Greek default and exit from the euro. The dollar index this morning is trading +0.24 points (+0.30%) on safe-haven demand with the sharp sell-off in European stocks. EUR/USD is down -0.45 cents (-0.35%) and USD/JPY is down -0.04 yen. The dollar index on Friday closed slightly higher: Dollar Index +0.13, EUR/USD -0.0019, USD/JPY unch. The dollar index on Friday extended the 2-week rally and posted a new 2-month high. The dollar has rallied in the past two weeks mainly on the Greek political troubles and on the political austerity backlash in Europe, which may eventually produce an even more stimulative policy from the ECB and thereby further undercut the euro. The European Commission last Friday reaffirmed its forecast that the Eurozone economy will decline -0.3% in 2012, and then recover mildly to show 1% growth in 2013. June crude oil prices this morning are sharply lower by -$1.98 (-2.05%) and July gasoline is down 1.91 cents (-1.71%). Oil prices are lower on sharply lower stock prices and worries about global economic growth. In addition, Saudi Oil Minister Ali al-Naimi on Sunday said that crude oil prices should fall because global supply is outweighing demand. He said, "We want a lower price than where it is right now. We need to get the price to a level of around $100 a barrel" for London Brent crude oil. June Brent crude last Friday fell by 0.8% to $112.26, which means Mr. Naimi is calling for another 11% drop in oil prices from last Friday's level. Crude oil and gasoline prices on Friday closed mixed: CLM12 -0.95, RBM2 -0.0094. Oil prices were undercut on Friday by the weaker-than-expected Chinese industrial production report (+9.3% y/y versus expectations of +12.2%), continued heavy hedge-fund selling of commodities, and ongoing concern about the global economy. The International Energy Agency on Friday raised its estimate for 2012 world oil consumption by a “modest” 80,000 bpd. The markets this week will be watching to see if there is another new 21-1/2 year high in U.S. oil inventories. The Seaway Pipeline is scheduled to be reversed late this week, which should produce a slow drawdown in oil inventories at the Cushing, Oklahoma hub as the oil will start moving from Cushing to refineries on the coast of the Gulf of Mexico. The process of transporting oil from North Dakota and Canada to the Gulf of Mexico will become much more efficient after the Seaway Pipeline reversal.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): A-Agilent (consensus $0.73), GRPN-Groupon (0.01), IOC-Interoil (0.05).
Global Financial Calendar
Monday 5/14/12
United States
1100 ET USDA weekly grain export inspections.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1600 ET USDA Crop Progress
GE
0200 ET German Apr wholesale price index, Mar +0.9% m/m and +2.2% y/y.
Euro-Zone
0500 ET Eurozone Mar industrial production expected +0.4% m/m and -1.4% y/y, Feb +0.8% m/m and -1.5% y/y.

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

Dunkin' Brands - DNKN - Barchart Chart of the Day


Barchart.com's Chart of the Day - Dunkin' Brands Group (DNKN)
Related Stocks
DNKN - Dunkin' Brands Group Inc.
Sym Last Chg Pct
DNKN 33.53 +0.69 +2.10%
The "Chart of the Day" is Dunkin' Brands Group (DNKN), which showed up on Friday's Barchart "All Time High" list. Dunkin' on Friday posted a new all-time high of $33.81 and closed up 2.10%. TrendSpotter has been Long since March 8 at $30.19. In recent news on the stock, Dunkin' on May 4 announced major expansion plans in the UK with the addition of 80 new stores over the next three years. Dunkin' on April 26 reported Q1 EPS of 25 cents, above the consensus of 23 cents. The company said it expects to open 550-650 stores globally in FY2012. Dunkin' Brands Group, with a market cap of $4 billion, owns, operates, and franchises quick service restaurants worldwide. Its brands include Dunkin' Donuts and Baskin-Robbins.

dnkn_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