Friday, March 15, 2013

Sciquest (SQI) - Barchart Chart of the Day

Summary:

Sciquest (SQI) is the Chart of the Day. Since triggering a Trend Spotter buy on 12/18 the stock gained 40.71%.  In the last month alone the stock advanced in 14 sessions and is up 18.79%.


Article:

Today's Chart of the Day is Sciquest (SQI) and was found by sorting the Barchart New High list for frequency then using the Flipchart function to find the chart I like.  Since triggering a Trend Spotter buy on 12/18 the stock gained 40.71%.  Analysts look for high double digit growth in both revenue and earnings and the stock has a B++ Financial Strength rating.

The Company is a provider of on-demand strategic procurement and supplier enablement solutions that integrates customers with their suppliers to improve procurement of indirect goods and services. Their on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions.



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 signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 18.79% in the last month
  • Relative Strength Index 92.77%
  • Barchart computes a technical support level at 20.98
  • Recently traded at 21.81 with a 50 day moving average of 17.74
Fundamental factors:
  • Market Cap $489.85 million
  • P/E 527.50
  • Revenue projected to grow 35.10% this year and another 21.80% next year
  • Earnings estimated to increase 54.20% this year, an additional 40.58% next year and continue to compound annually at a 20.00% rate for the next 5 years
  • Analysts issued 7 strong buy, 1 buy and 1 hold recommendation
  • Financial Strength B++
Exit Strategy:  Consider a sell if you lose 10% from your entry point or the stock drops below its 50 day moving average.

6 Sky Rocket Stocks

Today's featured stocks -  I'll withhold the term  "stock pick" -  are highly volatile and before you consider adding them to your portfolio please do additional due diligence.

On days when the market seems to be regrouping or taking a breather is a good day to learn how to screen for stocks that are beating the trend.  Today I used Barchart to screen all the Stocks Hitting New Highs list, then sorted them for frequency and used the flipchart function to pan through the charts.  Some have risen too fast to continue much longer and some seem to be rising in spite of poor fundamentals but I decided to give you the charts anyway.

Today's list includes Orbitz Worldwide (OWW), Cerus Corp (CERS), First Financial Holdings (FFCH), E I DuPont de Nemours and Co (DD), Arch Capital Group (ACGL) and Universal Corp (UVV):

Orbitz WorldWide (OWW)


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 78.68% in the last month
  • Relative Strength Index 88.86%
  • Barchart computes a technical support level at 5.25
  • Recently traded at 5.95 with a 50 day moving average of 3.55


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 40.95% in the last month
  • Relative Strength Index 85.02%
  • Barchart computes a technical support level at 4.19
  • Recently traded at 4.45 with a 50 day moving average of 3.33


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 31.77% in the last month
  • Relative Strength Index 89.30%
  • Barchart computes a technical support level at 21.03
  • Recently traded at 21.54 with a 50 day moving average of 16.72


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 6.07% in the last month
  • Relative Strength Index 69.38%
  • Barchart computes a technical support level at 49.574
  • Recently traded at 49.91 with a 50 day moving average of 47.51


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 8.75%
  • Relative strength Index 81.80%
  • Barchart computes a technical support level at 50.98
  • Recently traded at 51.71 with a 50 day moving average of 47.35


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 4.19% in the last month
  • Relative Strength Index 66.46%
  • Barchart computes a technical support level at 57.07
  • Recently traded at 57.97 with a 50 day moving average of 54.81












BARCHART MORNING CALL 3/15



Friday, March 15th, 2013>>View Older Reports
Everything you need to know about the markets in one free daily newsletter.
E-mail:
You will also receive a free subscription to the Barchart family of newsletters.
OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM13 -0.02%) are slightly lower by -0.08% on some long liquidation pressure and on today's small -0.20% sell-off in European stocks. Asian stocks today closed mixed. Japan closed sharply higher by +1.45% while Hong Kong's Hang Seng index closed down -0.38% and China's CSI 300 index closed up +0.22%. Commodity prices today are mildly higher by +0.25%. April crude oil (CLJ13 +0.54%) is up +0.31%, April gasoline (RBJ13 +0.79%) is up +0.02%, April gold (GCJ13 +0.08%) is up +0.03%, May copper (HGK13 +0.31%) is up +0.27%, and agriculture prices are trading mostly lower. The dollar index (DXY00 -0.40%) is moderately lower by -0.37% on pre-weekend long liquidation pressure. EUR/USD (^EURUSD) is up +0.44% and USD/JPY (^USDJPY) is up +0.05%. June 10-year T-notes (ZNM13 +0.02%) are unchanged.
Large U.S. banks yesterday afternoon announced their plans for investor payouts through dividend hikes and stock buybacks after the U.S. government's review was complete of their capital plans and after the results of their stress tests were announced last week.
Japan's upper house of parliament today approved Haruhiko Kuroda as Japan's next BOJ governor, who is Prime Minister Abe's dovish choice to implement a higher inflation target and an expanded asset purchase target. The lower house of Parliament confirmed Mr. Kuroda yesterday. Mr. Kuroda will begin his new position at BOJ governor next Tuesday (March 19) when the current BOJ chief Shirakawa steps down. The Diet also confirmed Mr. Kuroda's two deputies, Kikuo Iwata and Hiroshi Nakaso, who are needed to help Mr. Kuroda on his stimulus mission.
EU leaders yesterday on the first day of their 2-day summit endorsed an easing of austerity terms for France and several other countries. EU leaders are backpedaling a bit on the speed of austerity after voters have rebelled at the polls and the austerity measures have so far caused deeper recessions.
The Eurozone Feb CPI report of +0.4% m/m and +1.8% y/y was in line with market expectations. The year-on-year figure of +1.8% y/y was unchanged from January and was in line with the ECB's inflation target of slightly below 2%. The Feb core CPI report of +1.3% was also unchanged from January and was in line with market expectations.
U.S. STOCK PREVIEW
Today’s early-March U.S. consumer confidence index from the University of Michigan is expected to show a small +0.1 increase to 77.7, adding to the +3.8 point increase to 77.6 seen in February. On a year-on-year basis, the Feb CPI is expected to increase to +1.8% y/y from +1.6% in January. The Feb core CPI is expected to edge higher to +2.0% y/y from +1.9% y/y in January. Today’s Feb industrial production report is expected to show an increase of +0.3% m/m, more than recovering from the -0.1% m/m decline seen in January.
The markets today will be reacting to announcements by large U.S. banks late yesterday of their plans for dividend increases and stock buybacks after their plans were approved by the Fed. The only Russell 2000 company to release earnings today is Carnival (expected 3 cents).

June E-mini S&Ps (ESM13 -0.02%) this morning are trading slightly lower by -1.25 points (-0.08%). The S&P 500 index on Thursday posted a 5-1/3 year high and the Dow soared to a record high after weekly initial jobless claims unexpectedly declined -10,000 to 332,000, better than expectations of +10,000 to 350,000. U.S. equities also found support from a rally in European stocks after Spain had a successful bond auction, which reduced sovereign debt concerns. Closes: S&P 500 +0.56%, Dow Jones +0.58%, Nasdaq +0.31%.
OVERNIGHT U.S. STOCK MOVERS
  • Hibbett Sports (HIBB +3.15%) reported Q4 EPS of 73 cents, above the consensus of 71 cents.
  • Capital One (COF -0.22%) reported that its February U.S. charge-off rate fell to 4.27% from 4.36% in Feb.
  • Microsoft (MSFT +0.79%) said it sold 302,000 Xbox 360 units in February, marking its 26th consecutive month as the number-one selling console in the U.S., according to data released by The NPD Group.
  • The Fed accepted the capital plans for 14 banks without conditions. The banks included were: American Express Company (AXP +0.12%) ; Bank of America Corporation (BAC +0.41%) ; The Bank of New York Mellon Corporation (BK +0.42%) ; Capital One Financial Corporation (COF -0.22%) ; Citigroup (C +1.04%) ; Fifth Third Bancorp (FITB -0.12%) ; KeyCorp (KEY unch) ; Morgan Stanley (MS +0.09%) ; The PNC Financial Services Group (PNC +0.50%) ; Regions Financial Corporation (RF +0.73%) ; State Street Corporation (STT +0.23%) ; SunTrust Banks (STI -0.03%) ; U.S. Bancorp (USB -0.47%) ; and Wells Fargo & Company (WFC +0.54%) .
  • Goldman Sachs (GS +1.39%) fell nearly 2% in after-hours trading after the Fed said it will require Goldman to submit a new capital plan by end of Q3 to address weaknesses in its capital planning processes.
  • BB&T (BBT +0.51%) fell over 2% in after-hours trading after the Fed rejected the bank's capital plan as part of its stress testing.
  • JPMorgan (JPM +1.67%) fell over 2% in after-hours trading after the Fed said it will require JPMorgan to submit a new capital plan by end of Q3 to address weaknesses in its capital planning processes.
  • American Express (AXP +0.12%) said it plans to raise its quarterly dividend by 15% to 23 cents a share and to buy back $4 billion of common shares in 2013.
  • SAIC (SAI -1.05%) announced it was awarded a prime contract by the United States Army Engineering and Support Center Huntsville to provide maintenance and services for Access Control Point, electronic and physical security systems, Utility Monitoring and Control Systems, and other electronic systems. The multiple-award indefinite-delivery/indefinite-quantity contract has a one-year base period of performance, four one-year options and a total contract value of $315M for all awardees, if all options are exercised.
  • Krispy Kreme (KKD -0.07%) slid nearly 4% in after-hours trading after the company reported Q4 adjusted EPS of 11 cents, lower than consensus of 12 cents.
  • J.B. Hunt (JBHT +0.09%) was downgraded to Market Perform from Outperform at Bernstein.
  • Aeropostale (ARO +0.55%) fell over 5% in after-hours trading even after it reported Q4 adjusted EPS of 24 cents, better than consensus of 22 cents. The company said in a statement released after it reported earnings that "We anticipate a challenging first quarter as a result of expected margin pressures from holiday carryover inventory, and the impact of a weak macroeconomic environment."
MARKET COMMENTS
June 10-year T-notes (ZNM13 +0.02%) this morning are trading unchanged. June 10-year T-note prices on Thursday closed little changed. T-note prices traded lower most of the day after an unexpected fall in weekly U.S. jobless claims (-10,000 to 332,000) propelled the Dow to a record high and reduced the safe-haven demand for Treasuries. However, T-notes recovered early losses on dealer covering of short-hedges after the completion of the Treasury's $13 billion T-bond auction. Closes: TYM3 +0.5, FVM3 unch.
The dollar index (DXY00 -0.40%) this morning is down -0.31 (-0.37%) on some pre-weekend long liquidation pressure. EUR/USD
(^EURUSD) is up +0.0057 (+0.44%) after a positive week that saw successful Irish and Spanish bond auctions and easier austerity terms out of the EU Summit. USD/JPY (^USDJPY) is up +0.05 (+0.05%). The dollar index on Thursday rallied up to a fresh 7-1/4 month high, but fell back and closed lower after a rally in equities reduced the safe haven demand for the dollar. EUR/USD recovered from a 3-month low after Spain had a successful bond auction, while USD/JPY moved up to near a 3-1/2 year high as the yen weakened when Japan's lower house of parliament endorsed Haruhiko Kuroda, an advocate of increased stimulus, as the next BOJ governor. Closes: Dollar index -0.283 (-0.34%), EUR/USD +0.00438 (+0.34%), USD/JPY -0.005 (-0.001%).
April WTI crude oil (CLJ13 +0.54%) this morning is up +0.29 (+0.31%) while April gasoline (RBJ13 +0.79%) is up +0.0006 (+0.02%). Crude oil and gasoline prices on Thursday settled mixed. Crude oil gained as an unexpected fall in weekly U.S jobless claims and stock market strength bolstered the outlook for the economy and crude demand. Gasoline fell on speculation near-record crack spreads will prompt refiners to increase gasoline production. Closes: CLJ3 +0.51 (+0.55%), RBJ3 -0.0010 (-0.03%).
GLOBAL EVENT CALENDAR03/15/2013
US0830 ETMarch Empire manufacturing index expected -2.0 at 8.0, Feb +17.82 to 10.04.
0830 ETFeb CPI expected +0.5% m/m and +1.8% y/y, Jan unch m/m and +1.6% y/y. Feb core CPI expected +0.2% m/m and +2.0% y/y, Jan +0.3% m/m and +1.9% y/y.
0915 ETFeb industrial production expected +0.3% m/m, Jan -0.1% m/m. Feb manufacturing production expected +0.2% m/m, Jan -0.4% m/m. Feb capacity utilization expected +0.2 to 79.3%, Jan 79.1%.
0930 ETDallas Fed President Richard Fisher speaks at 2013 Conservative Political Action Conference on risks of U.S. banks considered “too big to fail.”
0955 ETEarly-March U.S. consumer confidence (University of Michigan) expected +0.1 to 77.7, Feb +3.8 to 77.6.
EURn/aEU 2-day summit in Brussels concludes.
0600 ETEurozone Feb CPI expected +0.4% m/m and +1.8% y/y, Jan -1.0% m/m. Feb core CPI expected +1.3% y/y, Jan +1.3% y/y.
0600 ETEurozone Q4 labor costs, Q3+2.0%y/y.
U.S. STOCK CALENDAR03/15/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Carnival CorpCCLBef-mktQ1 2013 Earnings ReleaseQ1 20130.032
Carnival CorpCCL10:00Q1 2013 Earnings CallQ1 2013
Ford Motor CoF10:30Ford University Call
Multiple CompaniesOGE11:30Business Update Call
Multiple CompaniesOGE11:30Business Update Call
Whole Foods Market IncWFM12:00Annual General MeetingY 2013
JPMorgan Chase & CoJPMFormer CIO Ina Drew Testifies to U.S. Senate Panel
Time Warner IncTWXBox Office Release of Movie Burt Wonderstone""
Owens CorningOCRoadshow Day 2Y 2013

Vision Sciences - VSCI - Buy Signals

Today I used Barchart and found an undiscovered stock Vision Sciences (VSCI)


Barchart technical indicators:
  • 32% Barchart technical buy signals
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 14.00% in the last month
  • Relative strength Index 56.35%
  • Barchart computes a technical support level at 1.05
  • Recently traded at 1.14 with a 50 day moving average of 1.08


Thursday, March 14, 2013

Ironwood Pharmceuticals (IRWD) Barchart's Chart of the Day

Summary:

Ironwood Pharmaceutical (IRWD) is the Chart of the Day.  The Trend Spotter signaled a buy on 1/3 and the stock is up 49.07% since then.  During the last month the stock advanced 14 times for a gain of 27.38%.

Article:

Ironwood Pharmaceuticals (IRWD) is the Chart of the Day.  We found the stock by sorting the Barchart New High List for frequency and IRWD was near the top of the list.  The Trend Spotter signaled a buy on 1/3 and since then the stock is up 49.07%.  In just the last month the stock advance in 14 trading sessions and gained 27.38%

The Company is a pharmaceutical company that discovers, develops, and intends to commercialize innovative human medicines. The compound, Linaclotide, is being evaluated in a confirmatory Phase 3 program for the treatment of irritable bowel syndrome with constipation and chronic constipation.



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:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 27.38% in the last month
  • Relative Strength Index 90.41%
  • Barchart computes a technical support level at 17.16
  • Recently traded at 17.68 with a 50 day moving average of 14.20
Fundamental factors:
  • Market Cap $1.90 billion
  • Revenue is expected to be down 68.40% this year but to rebound by 105.30% next year
  • Earnings ate estimated to be down 225.00% this year but increase by 38.90% next year
  • Analysts have issued 3 strong buy, 1 buy, 4 hold and 2 strong sell recommendations
  • Financial Strength B++
Exit strategy:  This is a volatile stock so consider selling if you lose 10% or the stock drops below its 50 day moving average.




5 NASDAQ 100 Stocks to Purchase Now

Today I used Barchart to sort the NASDAQ 100 Index to find the 5 stocks that had the most frequent price advances in the last month.  My list includes Automatic Data Processing (ADP), Celgene (CELG), Micron Technology (MU), Symantec (SYMC) and Texas Instruments (TXN):

Automatic Data Processing (ADP)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 6.24% in the last month
  • Relative Strength Index 74.15%
  • Barchart computes a technical support level at 63.72
  • Recently traded at 64.51 with a 50 day moving average of 60.67


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 15.66% in the last month
  • Relative Strength Index 79.88%
  • Barchart computes  a technical support level at 11.852
  • Recently traded at 115.00 with a 50 day moving average of 99.84


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 19.43% in the last month
  • Relative strength Index 78.40%
  • Barchart computes a technical support level at 9.20
  • Recently traded at 9.64 with a 50 day moving average of 7.97


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 9.26% in the last month
  • Relative Strength Index 76.27%
  • Barchart computes a technical support level at 24.17
  • Recently traded at 243.76 with a 50 day moving average of 22.11


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 5.47% in the last month
  • Relative Strength Index 66.39
  • Barchart computes a technical support level at 34.91
  • Recently traded at 35.62 with a 50 day moving average of 33.52
















Barchart Morning Call 3/14


Barchart Morning Call

Thursday, March 14th, 2013>>View Older Reports
Everything you need to know about the markets in one free daily newsletter.
E-mail:
You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps are mildly higher by +0.13% on a +0.77% rally in European stocks and mostly higher Asian stock market closes today. European stocks are being supported today by a successful Spanish bond auction and by optimism that Eurozone leaders will reduce their Germany-led focus on austerity. Japanese stocks today closed +1.16%, Hong Kong closed +0.28%, and China closed +0.27%. Commodity prices are slightly lower by -0.07% on average. April crude oil is down -0.28%, April gasoline is down -0.93%, April gold is down -0.28%, May copper is up +0.20%, and agriculture prices are mixed. The dollar index is mildly higher by +0.18% on carry-over support from yesterday's much stronger than expected u.S. retail sales report of +1.1% m/m (+1.0% ex-autos), while EUR/USD is down -0.0038 (-0.29%). USD/JPY is up +0.27 (+0.28%). June 10-year T-notes are down -5.5 ticks ahead of today's 30-year bond auction.
The 2-day EU Summit begins today. Key agenda items include easier austerity measures for countries such as France, Spain and Italy, the bailout of Cyprus, and the centralized bank regulation plan. Eurozone finance ministers meeting on Friday and will mainly focus on the Cyprus bailout, which has become problematic because of perceptions that key Cyprus banks have been involved money laundering for Russian entities.
Spain today successfully sold a batch of bonds with maturities of 13, 27 and 28 years totaling 803 million euros in size. The bond sale was announced just earlier this week. The bid cover ratios were solid at 4.1, 2.4, and 2.0, respectively. The successful sale indicated that there is still enough investor confidence about Spain to maintain access to the longer-term bond market. The Spanish Treasury has now covered about one-third of its planned mid-term and long-term debt issuance for 2013.
Israeli Prime Minister Netanyahu today was able to reach a coalition agreement for a ruling government following the Jan 22 national elections. The new government comes just in time as President Obama will visit Israel next Wednesday. Now that a coalition government has been formed, President Netanyahu may speak more forcefully about Iran again.
China's national legislature named Xi Jinping as China's president, adding that title to his already existing portfolio as head of the ruling communist Party and chairman of the country's military commission. His quick assumption of all three posts was considered rapid and indicated strong support for his leadership.
The Australian dollar rallied 0.8% today after Feb Australian jobs rose by +71,500, the largest increase in nearly 13 years.
The Swiss central bank today vowed to maintain its cap on the Swiss franc to keep the franc from appreciating and hurting Swiss exporters.
Norway's central bank today left its benchmark policy rate unchanged. The Norwegian krone fell as the Norwegian central bank chief said that the bank's key policy rate needs to remain low longer than previously thought.
Japan's final-Jan industrial production was revised lower to +0.3% m/m and -5.8% y/y from the preliminary report of +1.0% m/m and -5.1% y/y. Japan's final-Feb machine tool orders report was left unrevised at -21.5% y/y.
Eurozone Q4 employment fell-0.3% q/q and -0.8% y/y, which was weaker than the Q3 report of -0.1% q/q and -0.6% y/y.

U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a +10,000 increase to 350,000, more than reversing last week’s decline of -7,000 to 340,000. Meanwhile, continuing claims are expected to show a small decline of -4,000 to 3.090 million, more than reversing last week’s small increase of +3,000 to 3.094 mln. Today’s Feb PPI report is expected to show a large gain of +0.7% m/m after the +0.2% m/m increase in Jan. However, the Feb core PPI is expected to show a modest gain of +0.1% after the +0.2% m/m increase in Jan. Current account balance – Today’s Q4 current account deficit is expected to widen moderately to -$113.0 billion from -$107.5 billion in Q3. There are earnings reports today from Molycorp (consensus -$0.30), Ulta Salon (0.98).
Conferences during the remainder of this week include the FIA International Derivatives Conference on Tue-Thu, Barclays Capital Healthcare Conference on Tue-Thu, UBS Global Consumer Conference on Wed-Thu, and Susquehanna Chemical Conference on Thu.

June E-mini S&Ps are mildly higher by +2.00 points (+0.13%) on higher overseas stocks and on carry-over support from yesterday's stronger-than-expected U.S. retail sales report of +1.1% m/m. The S&P 500 index on Wednesday fluctuated on either side of unchanged and finally closed slightly higher as strong U.S. Feb retail sales offset stretched valuations and weak European stocks. The main bullish factor was the increase in U.S. Feb retail sales by +1.1% and +1.0% less autos, stronger than expectations of +0.5% for both retail sales and retail sales less autos. Bearish factors included (1) valuation concerns with the S&P 500 at 15.3 times earnings, a 22-month high, and the Dow at a price-to-earnings ratio of 14.1, a nearly 2-year high, and (2) weakness in European stocks after Eurozone Jan industrial production fell -0.4% m/m, weaker than market expectations of -0.1% m/m. Closes: S&P 500 +0.13%, Dow Jones +0.04%, Nasdaq -0.08%.

OVERNIGHT U.S. STOCK MOVERS
  • Dynegy (DYN +0.40%) announced a definitive agreement to acquire Ameren Energy Resources (AEE).
  • Kirkland's (KIRK +0.26%) reported Q4 EPS of 82 cents, well above the consensus of 74 cents.
  • Amazon.com (AMZN +0.35%) was downgraded to Neutral from Overweight by JPMorgan.
  • Barnes & Noble's (BKS -1.35%) bid to have some claims dismissed that it infringed Alcatel-Lucent (ALU -2.70%) patents relating to Internet commerce was rejected by a federal judge.
  • Coldwater Creek (CWTR -0.31%) reported a Q4 adjusted EPS loss of -65 cents, better than consensus of -79 cents.
  • Men's Wearhouse (MW -0.34%) reported a Q4 EPS loss of -7 cents, wider than consensus of -5 cents.
  • Sterne Agee initiated D.R. Horton (DHI +1.65%) with a Buy and named it a "Top Pick" with a target of $29 a share.
  • Sterne Agee initiated Beazer Homes (BZH +0.93%) with a with a target price of $21 a share.
  • Providence Service (PRSC +0.06%) reported Q4 EPS of 22 cents, lower than consensus of 24 cents.
  • Wells Fargo (WFC +0.30%) was initiated with a Market Perform at BMO Capital with a target price of $40 a share.
  • Vera Bradley (VRA +0.89%) reported Q4 EPS of 62 cents, better than consensus of 57 cents.
  • Hot Topic (HOTT +0.07%) reported Q4 EPS of 29 cents, stronger than consensus of 27 cents.

MARKET COMMENTS
June 10-year T-notes are down 5.5 ticks going into today's sale of 30-year bonds. June 10-year T-note prices on Wednesday closed little changed. T-notes had traded lower after stronger-than-expected U.S. Feb retail sales boosted stocks and reduced safe-haven demand for Treasuries. However, T-note prices recovered in the early afternoon on strong demand for the Treasury's $21 billion 10-year note auction that had a bid-to-cover ratio of 3.19, better than the 12-auction average of 2.96. Closes: TYM3 -0.5, FVM3 -1.0.
The dollar index is up +0.15 (+0.18%) while EUR/USD is down -0.0038 (-0.29%). USD/JPY is up +0.27 (+0.28%). The dollar index on Wednesday climbed to a 7-1/4 month high and closed higher as stronger-than-expected U.S. Feb retail sales bolstered the economic outlook and is positive for dollar assets. EUR/USD slid to a 3-month low after a disappointing Italian bond auction and weaker than expected Eurozone Jan industrial production. Closes: Dollar index +0.305 (+0.37%), EUR/USD -0.00729 (-0.56%), USD/JPY +0.035 (+0.04%).
April WTI crude oil is down -0.17 (-0.18%) while April gasoline is down -0.0293 (-0.93%). Crude oil and gasoline prices on Wednesday closed slightly lower. Bearish factors included the bigger-than-expected +2.624 million bbl increase in weekly DOE crude inventories to 384 million bbl, an 8-1/2 month high, (2) the +0.9% w/w increase in U.S. crude output to 7.159 million barrels a day for the week ended March 8, the highest in 20-1/2 years, and (3) the surge in the dollar index to a 7-1/4 month high. Bullish factors included (1) the larger-than-expected -3.57 million bbl draw in weekly DOE gasoline inventories, and (2) the -1.59 million bbl decline in crude inventories to their lowest level of the year at Cushing, Oklahoma, the delivery point for WTI crude futures contracts. Closes: CLJ3 -0.02 (-0.02%), RBJ3 -0.0079 (-0.25%).

GLOBAL EVENT CALENDAR03/14/2013
US0830 ETWeekly initial unemployment claims expected +10,000 to 350,000, previous -7,000 to 340,000. Weekly continuing claims expected -4,000 to 3.090 mln, previous +3,000 to 3.094 mln.
0830 ETFeb PPI expected +0.7% m/m and +1.8% y/y, Jan +0.2% m/m and +1.4% y/y. Feb core PPI expected +0.1% m/m and +1.7% y/y, Jan +0.2% m/m and +1.8% y/y.
0830 ETQ4 current account balance expected -$113.0 bln, Q3 -$107.5 bln.
0830 ETUSDA weekly Export Sales.
0900 ETFed Governor Sarah Bloom Raskin delivers welcoming remarks at Neighborworks 35th Anniversary Symposium.
1100 ETTreasury announces details of 10-year TIPS auction on March 21.
1300 ETTreasury auction of $13 billion in 30-year T-bonds.
1630 ETFederal Reserve announces which banks will be able to pay dividends or buy back shares after the March 7 release of bank stress tests.
EURn/aEU 2-day summit begins in Brussels.
0500 ETECB publishes monthly report.
0600 ETEurozone Q4 employment, Q3 -0.2% q/q and -0.7% y/y.
JPN0000 ETTokyo Feb condo sales, Jan -5.4% y/y.
0030 ETRevised Japan Jan industrial production, previous +1.0% m/m and -5.1% y/y. Revised Jan capacity utilization, previous 2.9%.
0200 ETRevised Japan Feb machine tool orders.

U.S. STOCK CALENDAR03/14/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
MDU Resources Group IncMDU US8:30Analyst and Investor MeetingY 2013
Onyx Pharmaceuticals IncONXX US8:30Analyst DayY 2013
ADT Corp/TheADT US8:30Annual General Meeting
Pepco Holdings IncPOM US9:00Analyst ConferenceY 2013
CSX CorpCSX US10:00Business Update Call
ANSYS IncANSS US10:00Investor DayY 2013
Brocade Communications Systems IncBRCD US11:00Roadshow - DallasY 2013
United Technologies CorpUTX US13:00Analyst MeetingY 2013
Molycorp IncMCP US16:30Q4 2012 Earnings CallQ4 2012
Ulta Salon Cosmetics & Fragrance IncULTA US17:00Q4 2013 Earnings CallQ4 2013
Molycorp IncMCP USAft-mktQ4 2012 Earnings ReleaseQ4 2012-0.3
Ulta Salon Cosmetics & Fragrance IncULTA USAft-mktQ4 2013 Earnings ReleaseQ4 20130.979
Charles Schwab Corp/TheSCHW USFebruary 2013 Sales and Revenue Release2013

Wednesday, March 13, 2013

Colfax (CFX) Barchart's Chart of the Day

Summary: Colfax (CFX) is the Chart of the Day. The stock hit a Trend Spotter buy on 1/3 and in the last month advanced 14 times for a 11.74% gain.

Article:

Today's Chart of the Day is Colfax (CFX) and was fond by sorting the Barchart New High List for frequency.   In the past year the stock had a number of Trend Spotter buy signals the most recent on 3/8. In the last 6 months the stock gained over 36%.

The Company is a supplier of fluid handling products, including pumps, fluid handling systems and specialty valves. Its products serve a variety of applications in the commercial marine, oil and gas, power generation, global navy and general industrial 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
  • 14 new highs and up 11.74% in the last month
  • Relative Strength Index 76.91%
  • Barchart computes a technical support level ta 46.32
  • Recently traded at 47.36 with a 50 day moving average of 42.73
Fudnamental factors:
  • Market Cap $4.45 billion
  • P/E 35.13
  • Revenue projected to increase 7.60% this year and another 5.50% next year
  • Earnings estimated to increase by 35.80% this year, an additional 30.80% next year and continue to increase annually at a rate of 25.73% for the next 5 years
  • Analysts issued 2 strong buy and 8 hold recommendations
  • Financial Strength B
Exit strategy:  Consider selling if you lose 10% or the stock drops below its 50 day moving average.

5 Small Cap Stars

Today's Pick List comes from sorting the S & P 600 Small Cap Index for the stocks having the best Barchart technical indicators and charts.  Today's list includes West Pharmaceutical  Services (WST), UMB Financial (UMBF), Universal Electronics (UEIC), United Bankshares (UBSI) and Tessera Technologies (TSRA):

West Pharmaceutical Services (WST)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 4.51% in the last month
  • Relative Strength Index 73.16%
  • Barchart computes a technical support level at 61.33%
  • Recently traded at 62.35 with a 50 day moving average of 58.54


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 3.50% in the last month
  • Relative Strength Index 70.47%
  • Barchart computes a technical support level at 46.42
  • Recently traded at 47.36 with a 50 day moving average of 45.29


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 14.71% in the last month
  • Relative Strength Index 74.10%
  • Barchart computes a technical support level at 21.50
  • Recently traded at 22.16 with a 50 day moving average of 19.37


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 540 and 100 day moving averages
  • 7 new highs and up 1.76% in the last month
  • Relative Strength Index 61.51%
  • Barchart computes a technical support level at 25.82
  • Recently traded at 26.57 with a 50 day moving average of 25.82
Tessera Technologies (TSRA)


  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 4.94% in the last month
  • Relative strength Index 62.00%
  • Barchart computes a technical support level bat 17.52
  • Recently traded at 18.26 with a 50 day moving average of 17.86










Jetblue Airway and Cubic Energy Buy Signals

Today I added JetBlue Airways (JBLU) and Cubic Energy (QBC) to the Barchart Van Meerten Speculative portfolio for exceptional upward momentum.

JetBlue Airways (JBLU)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 13.38% in the last month
  • Relative strength Index 74.88%
  • Barchart computes a technical support level at 6.52
  • Recently traded at 6.78 with a 50 day moving average of 6.07


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 42.86% in the last month
  • Relative strength Index 75.04%
  • Barchart computes a technical support level at .24
  • Recently traded at .30 with a 50 day moving average of .21




BARCHART MORNING CALL 3/13



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OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM13 -0.24%) are mildly lower by -0.13% on sell-offs in overseas stocks. European stocks are down -0.49% this morning on a weaker-than-expected Eurozone industrial production report and long liquidation pressure. Asian stocks closed lower today with a -0.61% sell-off in Japan, a -1.46% sell-off in Hong Kong, and a -1.10% sell-off in China's CSI 300 index. Chinese stocks were pressured by ongoing worries about property curbs and hawkish comments by China's central bank chief. Commodity prices are little changed on average this morning. April crude oil (CLJ13 +0.11%) is up +0.37%, April gasoline (RBJ13 +0.26%) is up +0.81%, April gold (GCJ13 +0.18%) is up +0.03%, May copper (HGK13 -0.06%) is down -0.03%, and agriculture prices are mixed. The dollar index (DXY00 +0.06%) is unchanged, while EUR/USD (^EURUSD) is down -0.21%. USD/JPY (^USDJPY) is down -0.33% as the yen is seeing some additional strength as the ruling LDP party haggles with Japan's opposition parties over Prime Minister Abe's nominations for BOJ governor and his two deputies. June 10-year T-notes (ZNM13 +0.13%) are up 3 ticks.
President Obama today is in the second day of his 3-day (Tue-Thu) stretch of visits to Capitol Hill. Mr. Obama met with Senate Democrats yesterday and he will meet with House Republicans today. Mr. Obama will then meet with Senate Republicans and House Democrats on Thursday. Meanwhile, Senate leaders this week are working on the continuing resolution that must be passed by March 27 to keep the government operating through the end of the fiscal year in September.
Chinese property stocks fell today after a report that the city of Shenzhen banned developers from raising new home prices. The Chinese government recently told regions and cities in areas with strong home price increases to crack down on property speculation to slow the recent surge in home prices.
China's PBOC central bank chief Zhou Xiaochuan said that China needs to be on "high alert" since the February inflation figures were stronger than expected.
The Italian 10-year bond yield today rose by 7 bp to 4.68% after today's sale of 3-year bonds and 15-year bonds. The bid cover ratio for the 3-year of 1.28 was down from 1.37 at the Feb 13 auction and the yield rose to 2.48% from 2.30% at the Feb 13 auction. The 15-year bond carried a bid cover ratio of 1.28 and a yield of 4.90%.
Today's sale by Ireland of 10-year bonds for the first time since its 2010 bailout was successful, which was an important step to show that Ireland is slowly regaining access to the global bond markets.
Eurozone Jan industrial production fell -0.4% m/m, which was weaker than market expectations of -0.1% m/m. That followed a revised +0.9% m/m increase in December, up from the preliminary report of +0.7% m/m. On a year-on-year basis, Jan industrial production improved to -1.3% y/y from -1.7% y/y in Dec.
U.S. STOCK PREVIEW
Today’s Feb retail sales report is expected to show a solid increase of +0.5% m/m both overall and excluding auto sales. That would follow the weak Jan report of +0.1% m/m and +0.2% m/m ex-autos. President Obama today will travel to Capitol Hill to meet with House Republicans. There are no earnings reports today from the Russell 1000 companies.
Conferences during the remainder of this week include Credit Suisse Global Services Conference on Mon-Wed, Bank of America Merrill Lynch Consumer & Retail Conference on Tue-Wed, World Biofuels Markets 2013 on Tue-Wed, China Healthcare Investment Conference on Tue-Wed, FIA International Derivatives Conference on Tue-Thu, Piper Jaffray Technology Media and Telecommunications Conference on Tue-Wed, Barclays Capital Healthcare Conference on Tue-Thu, UBS Global Consumer Conference on Wed-Thu, and Susquehanna Chemical Conference on Thu.

June E-mini S&Ps (ESM13 -0.24%) are down -2.00 points (-0.13%) on weak overseas stocks. The S&P 500 index on Tuesday fell back from a 5-1/3 year high and closed lower, although the Dow posted a record high and closed higher. Bearish factors included (1) stretched valuations after the S&P 500 rose to 15.3 times earnings, a 22-month high, and (2) weakness in technology stocks led by a slide in Apple after IDC predicted Apple will lose market share in the tablet market and after Jefferies cut its price target on Apple to $420 from $500. Closes: S&P 500 -0.24%, Dow Jones +0.02%, Nasdaq -0.39%.
OVERNIGHT U.S. STOCK MOVERS
  • Bunge (BG +0.49%) was reiterated as a top pick at Citigroup with a target of $105 after saying that every segment in Bunge's business is positioned to improve in 2013.
  • H&R Block (HRB +1.35%) improperly filed Form 8863, which is used to claim educational credits, on over 600,000 tax returns, which will delay refunds for those filings by up to six weeks, according to a MarketWatch report that cites comments from an IRS spokeswoman, who said the error impacts roughly 10% of the 6.6M returns containing Form 8863.
  • Kronos Worldwide (KRO +1.16%) reported a Q4 EPS loss of -16 cents, a bigger loss than consensus of -5 cents.
  • The Federal Aviation Administration approved the Boeing (BA +1.47%) certification plan for the redesigned 787 battery system, after thoroughly reviewing Boeing's proposed modifications and the company's plan to demonstrate that the system will meet FAA requirements.
  • Dole Food (DOLE +0.60%) reported a Q4 EPS loss of -59 cents, worse than consensus of -2 cents.
  • Synergetics (SURG +1.40%) reported a Q2 EPS loss of -5 cents, weaker than consensus of a 7 cent profit.
  • Inter Parfums (IPAR -0.64%) reported Q4 EPS of 21 cents, better than consensus of 18 cents.
  • Engility Holdings (EGL +1.14%) reported Q4 adjusted EPS of 77 cents, well ahead of consensus of 50 cents, and raised its guidance on fiscal year 2013 EPS to $3.25-$3.55, better than consensus of $2.60.
  • GAIN Capital (GCAP +3.35%) reported a Q4 adjusted EPS loss of -9 cents, weaker than consensus of a 5 cent profit.
  • Acadia Healthcare (ACHC +0.04%) initiated with a Buy at Cantor.
  • GenMark (GNMK +0.09%) reported a Q4 EPS loss of -15 cents, better than consensus of a -21 cent loss.
MARKET COMMENTS
June 10-year T-notes (ZNM13 +0.13%) are up 3 ticks ahead of today's sale of 10-year T-notes. June 10-year T-note prices on Tuesday closed higher as a slide in equities prompted short-covering and fueled an increase in safe-haven demand for Treasuries. Closes: TYM3 +8.5, FVM3 +4.0.
The dollar index (DXY00 +0.06%) is unchanged. EUR/USD (^EURUSD) is down -0.0028 (-0.21%) on the weak Eurozone industrial production report and a mildly disappointing Italian bond auction today. USD/JPY (^USDJPY) is down -0.32 (-0.33%) as the market frets about PM Abe's difficulty in pushing through his dovish BOJ nominations although he is expected to prevail in the end. The dollar index on Tuesday closed slightly higher as stock market weakness boosted safe-haven demand for the dollar. EUR/USD fell back after comments from ECB Council member Weidmann fueled speculation the ECB may maintain its easy monetary policy, which is euro negative. USD/JPY fell back from a 3-1/2 year high and closed lower on the possibility that one of Prime Minister Abe’s choices for a BOJ deputy governor may not be confirmed, which boosted the yen. Closes: Dollar index +0.014 (+0.02%), EUR/USD -0.0015 (-0.12%), USD/JPY -0.199 (-0.20%).
April WTI crude oil (CLJ13 +0.11%) is up +0.34 (+0.37%) while April gasoline (RBJ13 +0.26%) is up +0.0255 (+0.81%). Crude oil and gasoline prices on Tuesday closed mixed. The main bullish factor was the narrowing of the WTI/Brent spread which fell for the fifth straight session to its lowest level in 5 weeks and boosted the April WTI crude futures contract. A bearish factor for crude was the action by the EIA to cut its global oil consumption forecast for this year to 90.13 million barrels a day from a forecast last month of 90.21 million barrels a day. Closes: CLJ3 +0.48 (+0.52%), RBJ3 -0.0022 (-0.07%). Expectations for Wednesday's weekly DOE inventory data are for crude stockpiles to grow by +2.35 million bbl, gasoline supplies to fall -1.25 million bbl, distillate inventories to decline -2.0 million bbl and the refinery utilization rate to slip -0.1 to 82.1%.
GLOBAL EVENT CALENDAR03/13/2013
US0700 ETWeekly MBA mortgage applications, previous +14.8% with purchase sub-index +15.0% and refi sub-index +14.8%.
0830 ETFeb import price index expected +0.5% m/m, Jan +0.6% m/m and -1.3% y/y.
0830 ETFeb retail sales expected +0.5% m/m, Jan +0.1% m/m. Feb retail sales ex-autos expected +0.5% m/m, Jan +0.2% m/m. Feb retail sales ex-autos and ex-gas expected +0.3% m/m, Jan +0.2% m/m.
1000 ETJan business inventories expected +0.3%, Dec +0.1%.
1030 ETDOE Weekly Petroleum Status Report.
1300 ETTreasury auction of $21 billion in 10-year T-notes.
EUR0600 ETEurozone Jan industrial production expected -0.1% m/m and -2.0% y/y, Dec +0.7% m/m and -2.3% y/y.
U.S. STOCK CALENDAR03/13/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Starwood Hotels & Resorts Worldwide IncHOT US0:30Investor and Analyst DayY 2013
Progressive Corp/ThePGR USBef-mktFebruary 2013 Sales and Revenue Release2013
LyondellBasell Industries NVLYB US8:30Investor DayY 2013
Analog Devices IncADI US9:00Annual General MeetingY 2013
Toll Brothers IncTOL US12:00Annual General Meeting
Franklin Resources IncBEN US13:00Annual General Meeting
Concur Technologies IncCNQR US14:00Annual General MeetingY 2013
F5 Networks IncFFIV US14:00Annual General MeetingY 2013
EMC Corp/MAEMC USEMC and VMware Strategic Forum for Institutional Investors
Apple IncAAPL USSamsung Co. vs. Apple, Inc.-ITC Final Decision Due on Apple Patents
VMware IncVMW USEMC and VMware Strategic Forum for Institutional Investors
LyondellBasell Industries NVLYB USInvestor Day