Saturday, February 23, 2013

CalAmp - CAMP - Barchart's Chart of the Day

Summary:

Today's Chart of the Day is CalAmp (CAMP) and was found by sorting Barchart's New High list for frequency.  The stock hit 18 new highs and was up 28.93% in the last month. It is a leading provider of wireless communications products that enable anytime/anywhere access to critical information, data and entertainment content.


Article:

Today's Chart of the Day is CalAmp (CAMP) and was found by sorting Barchart's New High list for frequency.  The stock hit 18 new highs and is up 28.93% in the last month and has both a 100% Barchart technical buy signal and a Trend spotter buy signal since 1/4 .

CalAmp Corp. is a leading provider of wireless communications products that enable anytime/anywhere access to critical information, data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production, CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets.

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.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 28.93% in the last month
  • Relative Strength Index 73.37%
  • Barchart computes a technical support level at 9.68
  • Recently traded at 10.83 with a 50 day moving average of 8.73
Fundamental factors:
  • Market Cap - $320.89 million
  • P/E - 19.84
  • Analysts issued 3 strong buy recommendations
  • Revenue projected to increase by 28.60% this year and 23.40% next year
  • Earnings estimated to increase by 277.80% this year, an additional 10.30% next year and increase annually by 20.00% a year for the next 5 years
  • Financial strength:  B


Aegon (AEG) and Boulder Brands (BDBD) sell signals

Today I entered sell orders in my Barchart Van Meerten Speculative portfolio for Aegon (AEG) and Boulder Brands (BDBD) for negative price momentum:

Aegon (AEG)

Hourly trading chart:


Barchart technical indicators:
  • 16% Barchart technical sell signals
  • Trend Spotter hold signal
  • Below its 20 and 50 day moving averages
  • 9.21% off its 1 year high
  • Relative Strength Index 44.36%
  • Recently traded at 6.31 which is below its 50 day moving average of 6.47

Hourly trading chart:


Barchart technical indicators:
  • 48% Barchart technical sell signals
  • Trend Spotter sell signals
  • Below its 20, 50 and 100 day moving averages
  • 12.22% off its 1 year high
  • Relative strength Index 37.17%
  • Recently traded at 12.28 which is below its 50 day moving average of 13.05




Integrated Device Technology - IDTI - sell signals

Today I entered a sell order in my Barchart Van Meerten New High portfolio for Integrated Device Technology (IDTI) for negative price momentum.

Hourly trading chart:


Barchart technical indicators:
  • 40% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 10.83% below its 1 year high
  • Relative Strength Index 40.33
  • Traded recently at 7.00 which is below its 50 day moving average of 7.30
Marketocracy Capital Management offers a Separately Managed Account that tracks the holdings of this model portfolio



Friday, February 22, 2013

5 Great NASDAQ 100 stocks

I'm back from some R & R in Aruba and back at my computer.  Not burnt but up 4 1/2 pounds. Today's picks were found by using Barchart to sort the Nasdaq 100 Index for the highest Barchart technical indicators and charts.  The list includes Activision Blizzard (ATVI), Catamaran Corp (CTRX), Google (GOOG), Comcast (CMCSA) and Gilead Sciences (GILD):

Activision Blizzard (ATVI)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 25.70% in the last month
  • Relative Strength Index 79.11%
  • Barchart computes a technical support level at 14.01
  • Recently traded at 14.28 with a 50 day moving average of 11.74


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 4.19% in the last month
  • Relative Strength Index 59.57%
  • Barchart computes a technical support level at 53.47
  • Recently traded at 54.25 with a 50 day moving average of 51.27


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 12.92 in the last month
  • Relative Strength Index 66.18
  • Barchart computes a technical support level at 783.17
  • Recently traded at 795.53 with a 50 day moving average of 739.71


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 9.84% in the last quarter
  • Relative Strength Index 55.47%
  • Barchart computes a technical support level at 39.42
  • Recently traded at 40.08 with a 50 day moving average of 38.65


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 6.13% in the last month
  • Relative Strength Index 61.49%
  • Barchart computes a technical support level at 40.85
  • Recently traded at 41.54 with a 50 day moving average of 38.90










Barchart Morning Call - 2/22


OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps this morning are up +0.47% on a sharp 1.57% rally in European stocks on the stronger-than-expected increase in the IFO business climate index to a 10-month high. Asian stocks today closed mixed with Japan up +0.68% but with Hong Kong down -0.54% and China down -0.53%. Commodity prices are up +0.32%. April crude oil is up +0.30%, April gasoline is up +0.63%, April gold is up +0.11%, March copper is up +0.23%, and agricultural prices are trading mostly higher. The dollar index is slightly lower by -0.06% on some long liquidation pressure after this week's sharp rally. EUR/USD is down -0.14% and USD/JPY is up +0.16%. March 10-year T-notes are down 1 tick.
The German IFO business climate index rose by 3.1 points to a 10-month high of 107.4 from a revised 104.3, which was stronger than market expectations for an increase to only 104.9. The expectations index rose sharply by 4.0 points to 104.6 from a revised 100.6 in Jan, which was stronger than market expectations for a report of 101.4.
Eurozone banks will repay only 61.1 billion euros of their second round of 3-year LTROs (longer-term refinancing operation), which is a disappointing number since it is only half of the market consensus of about 120 billion euros. Banks will return another 1.7 billion euros of the first LTRO. That leads to a total of 212.3 billion euros worth of LTRO loans to be repaid early, which is about one-fifth of the total LTRO loans granted of about 1 trillion euros. The early LTRO repayment is a good sign that at least some banks in the Eurozone are healthy enough to feel comfortable giving up some of their emergency liquidity since access to the private funding markets is slowly returning.
The European Commission today forecast that Eurozone GDP in 2013 will fall by -0.3%, which was a weaker report than its previous forecast in November for a slight increase of +0.1%. The Commission raised its 2013 unemployment forecast to 12.2% from the previous forecast of 11.8% and the 2012 level of 11.4%. The Commission reduced its forecast for 2013 German GDP growth to +0.5% from +0.8%. The Commission is forecasting that the Greek economy will contract by another 4.4% this year. The Eurozone GDP situation is expected to improve in 2014 with only one of the Eurozone countries showing negative growth versus 7 countries showing negative growth in 2013.
China reported today that new home prices rose in January from the previous month in 53 of the 70 cities covered by the survey, 1 point below the figure of 54 cities in December. New home prices surged by 2.2% m/m in Shenzhen, the city showing the strongest increase. The report will make the Chinese government even more nervous about surging home prices and will encourage the government to maintain and extend restrictions to try to curb home price increases. The Chinese government this year is also expected to raise interest rates at least once. The Chinese central bank government earlier this week ordered regions and municipalities to institute another round of restrictions to crack down on property speculation.
U.S. STOCK PREVIEW
There are no U.S. economic reports today, leaving the market to trade on further assessment of the sequester situation. There are four S&P 500 companies reporting earnings today: Interpublic (consensus $0.53), Abercrombie ((1.96), Pinnacle West Capital Corp ((.17), and the Washington Post.

March E-mini S&Ps this morning are up +7.00 points (+0.47%) on some short-covering after this week's sharp sell-off on the FOMC minutes and on support from the sharp 1.57% rally in European stocks this morning. The S&P 500 index on Thursday fell to a 2-week low and finished with moderate losses after U.S. weekly jobless claims rose by +20,000 to 362,000 and after the Feb Philadelphia Fed manufacturing index unexpectedly fell by -6.7 to an 8-month low of -12.5. Limiting losses was the unexpected +0.4% increase in U.S. Jan existing home sales to 4.92 million units. Closes: S&P 500 -0.63%, Dow Jones -0.34%, Nasdaq -1.04%.
OVERNIGHT U.S. STOCK MOVERS
  • Hewlett-Packard (HPQ +2.40%) rose over 5% in after-hours trading after CEO Meg Whitman said that although the company's restructuring program remained on track, the overall turnaround would not be linear.
  • Interpublic Group (IPG -1.84%) reported Q4 EPS ex-items of 82 cents, well above the consensus of 53 cents.
  • Cabot Oil & Gas (COG +0.32%) reported Q4 adjusted EPS of 27 cents, above consensus of 21 cents.
  • Newmont Mining (NEM -0.02%) reported adjusted Q4 EPS $1.11, above consensus of 97 cents, and announced it increased its attributable gold reserves by 0.4 million ounces, net of depletion, to 99.2 million ounces in 2012.
  • Public Storage (PSA -0.30%) raised its quarterly dividend 14% to $1.25 per share to shareholders of record as of March 13.
  • Atlas Air (AAWW -2.53%) will be added to the S&P 600 and Kilroy Realty (KRC -0.95%) will be deleted as of 2/28 close.
  • Novatel Wireless (NVTL -3.24%) reported a Q4 EPS loss of -38 cents, bigger than consensus of -26 cents, and lowered its guidance on Q1 EPS to a loss of -17 cents to -19 cents, worse than consensus of -16 cents.
  • Nordson (NDSN -2.75%) reported Q1 adjusted EPS of 62 cents, below consensus of 68 cents, and lowered its guidance on Q2 EPS to 78 cents to 87 cents, below consensus of 93 cents.
  • Digimarc (DMRC +2.36%) reported Q4 EPS of 14 cents, below consensus of 17 cents.
  • AVG Technologies (AVG +0.69%) reported Q4 adjusted EPS of 32 cents, above consensus of 26 cents, and raised guidance on Q1 EPS to 35 cents to 40 cents, higher than consensus of 31 cents.
  • Flowserve (FLS -1.21%) announced a 16.7% quarterly dividend increase to 42 cents a share, bigger than expectation of an increase to 40 cents, replenished buyback authorization of $750 million, and also approved a 3-for-1 stock split, subject to shareholder action.
MARKET COMMENTS
March 10-year T-notes this morning are down 1 tick on reduced safe-haven demand. March 10-year T-note prices on Thursday rallied to a 3-1/2 week high on increased safe-haven demand as stocks faltered, U.S. weekly jobless claims rose more than expected, and the Feb Philadelphia Fed manufacturing index unexpectedly fell to an 8 month low. Closes: TYH3 +10.5, FVH3 +4.5.
The dollar index this morning is slightly lower by -0.05 points (-0.06%) on reduced safe-haven demand with the rally in stocks. EUR/USD is down -0.0018 (-0.14%) despite today's positive German IFO report since the European Commission revised most of the Eurozone GDP growth figures lower. USD/JPY is up +0.15 (+0.16%). The dollar index on Thursday rallied sharply for a second day and posted a new 5-1/2 month high and closed higher on carry-over support from Wednesday's hawkish FOMC minutes. EUR/USD slipped to a 1-1/4 month low after German and Eurozone PMI reports for Feb were weaker than market expectations. Closes: Dollar index +0.392 (+0.48%), EUR/USD -0.00906 (-0.68%), USD/JPY -0.452 (-0.48%).
April WTI crude oil this morning is up +0.28 (+0.30%) and April gasoline is up +0.96 points (+0.31%). Crude oil and gasoline prices closed lower as April crude posted a 6-week low and Apr gasoline fell to a 2-week low. Bearish factors included (1) the rally in the dollar index to a 5-1/2 month high, (2) the 4.13 million bbl increase in weekly DOE crude inventories, double expectations of a 2.0 million bbl increase, and (3) data from the EIA that showed U.S. oil production rose +0.8% to 7.118 million barrels a day in the week ended Feb 15, the most since Aug of 1992. April gasoline pared its losses after weekly DOE gasoline stockpiles fell -2.88 million bbl, a bigger decline than expectations of -900,000 bbl. Closes: CLJ3 -2.38 (-2.50%), RBJ3 -0.0245 (-0.75%).
GLOBAL EVENT CALENDAR02/22/2013
US0830 ETUSDA weekly Export Sales.
1030 ETFed Governor Jerome Powell and Boston Fed President Eric Rosengren speak on U.S. monetary policy at forum in Chicago sponsored by University of Chicago?s Booth School of Business.
1500 ETUSDA Cold Storage.
1500 ETUSDA Cattle on Feed.
GER0200 ETRevised German Q4 GDP expected no change at -0.6% q/q and +0.1% y/y nsa.
0400 ETGerman Feb IFO business climate expected 104.9, Jan 104.2. Feb current assessment expected 108.5, Jan 108. Feb expectations expected 101.4, Jan 100.5.
EUR0500 ETEuropean Commission releases economic growth forecasts.
U.S. STOCK CALENDAR02/22/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Pinnacle West Capital CorpPNW USBef-mktQ4 2012 Earnings ReleaseQ4 20120.17
Abercrombie & Fitch CoANF US7:00Q4 2013 Earnings ReleaseQ4 20131.958
American International Group IncAIG US8:00Q4 2012 Earnings CallQ4 2012
Abercrombie & Fitch CoANF US8:30Q4 2013 Earnings CallQ4 2013
Interpublic Group of Cos Inc/TheIPG US8:30Q4 2012 Earnings CallQ4 2012
Cabot Oil & Gas CorpCOG US9:30Q4 2012 Earnings CallQ4 2012
Newmont Mining CorpNEM US10:00Q4 2012 Earnings CallQ4 2012
Flowserve CorpFLS US11:00Q4 2012 Earnings CallQ4 2012
Pinnacle West Capital CorpPNW US12:00Q4 2012 Earnings CallQ4 2012
Wynn Resorts LtdWYNN US12:00Extraordinary Shareholders MeetingY 2013
Public StoragePSA US13:00Q4 2012 Earnings CallQ4 2012
Washington Post Co/TheWPO USQ4 2012 Earnings ReleaseQ4 2012
Interpublic Group of Cos Inc/TheIPG USQ4 2012 Earnings ReleaseQ4 20120.536

Thursday, February 21, 2013

Aircastle Limitied - AYR - Barchart's Chart of the Day

Summary:  Aircastle Limited (AYR) is today's Chart of the Day.  This successful airplane leasing company is run by Peter Ueberroth and recently hit 18 new highs in the last 20 trading session for an 8.11% monthly gain.



Article:

Aircastle Limited (AYR) is today's Chart of the Day and came under our radar by being right near the top of  Barchart's New High list when sorted for frequency.  18 new highs and up 8.11% in the last month gives it the momentum we like to see.  Since triggering a Trend Spotter buy signal on 12/05 @ 11.73 the stock has risen almost 19%.

The company is run by Peter Ueberroth and is global company that acquires and leases high utility commercial jet aircraft to passenger and cargo airlines throughout the world. They have over 157 aircraft in their fleet and enjoy a fleet utilization rate approaching 99%.



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.

Barchart technical indicators:

  • 64% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 8.11% in the last month
  • Relative Strength Index 66.04%
  • Barchart computes a technical support level at 13.65
  • Recently traded at 13.99 with a 50 day moving average of 13.01
Fundamental factors:
  • Market Cap - $1.01 billion
  • P/E - 8.42
  • Dividend yield - 4.66%
  • Analysts released 4 strong buy and 5 hold recommendations
  • Revenue projected to increase by 12.00% this year and an additional 2.80% next year
  • Earnings estimated to be down 60.40% this year, increase by 160.00% next year and be slightly down annually by 4.50% over the next 5 years
  • Financial strength rating B
Exit strategy:  Sell if you lose 10% from your entry point or the stock drops below its  day moving average