Friday, April 5, 2013

Xcel Energy - Barchart's Chart of the Day

Summary:

Xcel Energy (XEL) is today's Chart of the Day. YTD it gained 12.95% and during the last month advanced 6 times for a 3.22% gain.  The stock has a 100% Barchart technical signal as well as a Trend Spotter buy .

Article:

Today's Chart of the Day is Xcel Energy (XEL) which I found by sorting the New High list for frequency and flipping through the charts.  With both a Trend Spotter buy and a 100% Barchart technical buy signal the stock deserves your attention. 6 new highs and up 3.22% in the last month.

The Company is predominantly an operating public utility engaged in the generation, transmission and distribution of electricity and the transportation, storage and distribution of natural gas.



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
  • 6 new highs and up 3.22% in the last month
  • Relative Strength Index 74.54%
  • Barchart computes a technical support level at 29.72
  • Recently traded at 30.19 with a 50 day moving average of 28.54
Fundamental factors:
  • Market Cap - $14.73 billion
  • P/E 16.30
  • Dividend yield 3.62%
  • Revenue expected to grow 7.00% this year and another 3.40% next year
  • Earnings estimated to increase 4.40% this year, an additional 4.70% next year and continue to increase at an annual rate of 5.12% for the next 5 years
  • Analysts released 2 strong buy, 1 buy and 12 hold recommendations
  • Financial strength B++
Sell if you lose 10% or the price drops below its 50 day moving averages.

5 Stocks Fighting the Tide

Today I sorted the Barchart New High List for frequency and found some stocks that are still rising is a sinking market.  They include Northrop Grumman (NOC), Vectren (VVC), Exelon (EXC), Key Tronic (KTCC) and Senior Housing Properties (SNH):

Northrop Grumman (NOC)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 10.317% in the last month
  • Relative Strength Index 73.20%
  • Barchart computes a technical support level at 34.82
  • Recently traded at 71.54 with a 50 day moving average of 66.89


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 5.99% in the last month
  • Relative Strength Index 72.37%
  • Barchart computes a technical support level at 34.82
  • Recently traded at 35.92 with a 50 day moving average of 33.40


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 11.35% in the last month
  • Relative Strength Index 76.89%
  • Barchart computes a technical support level at 34.37
  • Recently traded at 35.06 with a 50 day moving average of 32.05


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 6.72% in the last month
  • Relative Strength Index 65.33%
  • Barchart computes a technical support level at 11.40
  • Recently traded at 11.55 with a 50 day moving average of 10.76


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 6.39% in the last month
  • Relative strength Index 75.20%
  • Barchart computes a technical support level at 26.51
  • Recently traded at 27.19 with a 50 day moving average of 25.26










Barchart Morning Call 4/5



Friday, April 5th, 2013>>View Older Reports
Everything you need to know about the markets in one free daily newsletter.
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OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM13 -0.60%) this morning are moderately lower by -0.51% as the market fears a weak U.S. payroll report today after the ADP report of +158,000 earlier this week and yesterday's +28,000 rise in initial unemployment claims suggested the labor market might be weakening. In addition, European stocks are down -1.40% this morning on a weak Eurozone retail sales report. Hong Kong stocks fell by -2.73% on fears about bird flu. Japan's Nikkei index today closed +1.58% on support from the BOJ's announcement on Thursday of a massive expansion of its QE program. Most other Asian stock markets fell today: Australia -0.45, Singapore -0.24%, South Korea -1.67%, India -0.32%, Turkey -0.54%. The mainland Chinese stock market was closed today for a holiday. Commodity prices are mildly lower this morning by -0.11%. May crude oil (CLK13 -0.33%) is down -0.40%, May gasoline (RBK13 +0.08%) is down -0.02%, June gold (GCM13 +0.12%) is up +0.12%, May copper (HGK13 -0.16%) is down -0.12%, and agriculture prices are trading mostly lower. The dollar index (DXY00 +0.05%) is slightly higher by +0.10% and EUR/USD (^EURUSD) is down -0.12%. USD/JPY (^USDJPY) is down -0.08% on some long liquidation pressure after yesterday's surge on the BOJ's QE program. June 10-year T-note prices (ZNM13 +0.01%) this morning are up 1 tick.
Fed Vice Chairman Yellen said that reducing the jobless rate should take center stage for the Fed even if the inflation rate creeps slightly above 2%.
The Chinese bird flu situation is getting worse as 6 people have now died and Shanghai began slaughtering chickens at a local market. However, the good news is that there has been no evidence as yet of human-to-human transmission of the virus. The bird flu outbreak hurt Hong Kong stocks today and has pushed soybean prices lower since feed demand will be reduced if there is a massive slaughter of birds. Airline stocks have also been hurt as the bird flu outbreak could hurt global air travel.
There is no news as yet out of today's meeting in Kazakhstan between Iran and the world powers on Iran's nuclear program. The two sides remain far apart even though Iran's negotiator said that a "turning point" had been reached after the last meeting on Feb 27. Iran will hold presidential elections in June.
Japan's Feb coincident index rose by +0.5 to 92.1 from 91.6 in Jan, which was stronger than market expectations for a +0.3 point increase to 91.9. The Feb leading index rose by +2.5 points to 97.5 from 95.0 in Jan and was stronger than market expectations for a 2.3 point increase to 97.3.
The Eurozone Feb retail sales report of -0.3% m/m was slightly stronger than market expectations of -0.4% m/m, although Jan was revised lower to +0.9% m/m from +1.2% m/m. On a year-on-year basis, Feb retail sales strengthened to -1.4% y/y from a revised -1.9% y/y in Jan (prelim -1.9% y/y).
German Feb factory orders rose by +2.3% m/m, which was stronger than market expectations of +1.1% and more than reversed the revised -1.6% m/m drop seen in Jan.
U.S. STOCK PREVIEW
The market has been expecting today’s U.S. March unemployment report to be relatively strong with payroll growth of +195,000 and an unchanged unemployment rate from Feb’s 4-year low of 7.7%. However, Wednesday’s March ADP employment report of +158,000 was substantially weaker than market expectations of +200,000. Today’s Feb U.S. trade deficit is expected to widen slightly -$44.6 billion from -$44.4 billion in January. There are no stocks in the Russell 1000 that are due to report earnings today. However, Q1 earnings season unofficially begins on Monday with Q1 earnings from Alcoa. Conferences today include the China Business Conference 2013 in NY, and the Women in the World Summit 2013.

June E-mini S&Ps (ESM13 -0.60%) this morning are down -8.00 points (-0.51%) on fears about a weak payroll report this morning and on weak overseas stocks. The S&P 500 index on Thursday closed slightly higher. Stocks received a boost after the BOJ expanded its QE program to 7 trillion yen ($74 billion) per month, higher than market expectations of 5.2 trillion yen. Stocks fell back from their best levels when weekly initial jobless claims climbed +28,000 to a 4-1/4 month high of 385,000, higher than expectations of +4,000 of 353,000. Stocks were also undercut after European equities slid when ECB President Draghi said that “downside risks” to growth remain. Closes: S&P 500 +0.40%, Dow Jones +0.38%, Nasdaq 100 -0.01%.
OVERNIGHT U.S. STOCK MOVERS
  • Facebook (FB +3.12%) was upgraded to Buy from Hold at Argus due to expectations that Facebook Home will help Facebook in the mobile market.
  • Boeing (BA +0.70%) may schedule a certification test flight for the 787 Dreamliner Friday with a 'revamped' battery system, according to a report by Reuters.
  • Medifast (MED +1.02%) announced the company has paid off the remaining value of its outstanding long term notes and is now completely debt free.
  • Cablevision (CVC +0.77%) was initiated with a "Neutral" at RW Baird with a target price of $16 a share.
  • Charter (CHTR +2.22%) was initiated with a "Neutral" at RW Baird with a target price of $108 a share.
  • Time Warner Cable (TWC +0.88%) was initiated with a "Neutral" at RW Baird with a target price of $102 a share.
  • Workday (WDAY -0.80%) was initiated with a "Buy" at Jefferies with a target price of $76 a share.
  • F5 Networks (FFIV -0.11%) tumbled 15% in after-hours trading after it lowered its guidance on Q2 EPS to $1.06-$1.07, lower than consensus of $1.23, citing a slowdown in North America.
  • Xyratex (XRTX +1.74%) reported a Q1 non-GAAP EPS loss of -13 cents, better than consensus of -18 cents.
  • WD-40 (WDFC +1.83%) reported Q2 EPS of 66 cents, better than consensus of 56 cents, and raised its guidance for fiscal year 2013 to $2.32 to $2.42, higher than consensus of $2.37.
MARKET COMMENTS
June 10-year T-notes (ZNM13 +0.01%) this morning are up 1 tick. June 10-year T-note prices on Thursday closed higher as the 10-year T-note yield fell to a 3-month low of 1.754%. Expectations for a weak March payrolls report on Friday boosted T-note prices when weekly jobless claims rose more than expected to a 4-1/4 month high. T-note prices also received support from the BOJ’s QE program and comments from ECB President Draghi that “downside risks” to growth remain. Closes: TYM3 +14.0, FVM3 +5.0.
The forex market is little changed this morning after yesterday's gyrations on the BOJ's QE announcement. The dollar index (DXY00 +0.05%) this morning is up +0.10%, EUR/USD (^EURUSD) is down -0.0015 (-0.12%), and USD/JPY (^USDJPY) is down -0.08 (-0.08%). The dollar index on Thursday posted an 8-month high but fell back and settled little changed. EUR/USD posted a 4-1/4 month low when ECB President Draghi said economic risks for the Eurozone remain to the downside and that inflation is “edging down well below” the ECB’s 2% target, but prices recovered and closed higher. USD/JPY surged to a 3-week high as the yen plunged when the BOJ expanded its QE program to 7 trillion yen ($74 billion), higher than market expectations of 5.2 trillion yen. Closes: Dollar index -0.041 (-0.05%), EUR/USD +0.0086 (+0.67%), USD/JPY +3.297(+3.54%).
May WTI crude oil (CLK13 -0.33%) is down -0.37 (-0.40%) and May gasoline (RBK13 +0.08%) is down -0.0007 (-0.02%). Crude oil and gasoline tumbled on Thursday for a third day. Bearish factors included (1) the rally in the dollar index to an 8-month high, (2) the rise in weekly U.S. jobless claims to their highest level in 4-1/4 months, and (3) comments from ECB President Draghi who said that the economic outlook for the Eurozone remains subject to “downside risks.” Closes: CLK3 -1.06 (-1.12%), RBK3 -0.0153 (-0.53%).
GLOBAL EVENT CALENDAR04/05/2013
US0830 ETFeb U.S. trade deficit expected -$44.6 bln, Jan -$44.4 bln.
0830 ETMarch payrolls expected +195,000, Feb +236,000. March private payrolls expected +200,000, Feb +246,000. March mfg payrolls expected +10,000, Feb +14,000. March unemployment rate expected unch at 7.7%, Feb was -0.2 to 7.7%.
0830 ETMarch average hourly earnings expected +0.2% m/m and +2.0% y/y, Feb +0.2% m/m and +2.1% y/y. March average weekly hours expected unch at 34.5, Feb 34.5.
1500 ETFeb consumer credit expected +$15.0 bln, Jan +$16.151 bln.
n/aIran and world powers hold another round of nuclear talks in Kazakhstan.
JPN0100 ETJapan Feb coincident index CI expected 91.9, Jan 91.6. Feb leading index CI expected 97.3, Jan 95.0.
0100 ETBOJ April monthly report.
EUR0500 ETEurozone Feb retail sales expected -0.4% m/m and -1.2% y/y, Jan +1.2% m/m and -1.3% y/y.
GER0600 ETGerman Feb factory orders expected +1.1% m/m and -1.5% y/y, Jan -2.5% m/m and -2.5% y/y.
UKn/aUK March new car registrations, Feb +7.9% y/y.
CHn/aChinese markets are closed for a public holiday.
U.S. STOCK CALENDAR04/05/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Saba Software IncSABA US9:00Business Update Call
Advisory Board Co/TheABCO US10:30Advisory Board Conference Call sponsored by Avondale Partners
Las Vegas Sands CorpLVS US12:00Retrial Begins in Las Vegas Sands vs. Richard Suen Case
Baker Hughes IncBHI USMarch 2013 Sales and Revenue Release - Rig Counts2013
Chase CorpCCF USQ2 2013 Earnings ReleaseQ2 20130.21
Avid Technology IncAVID USQ4 2012 Earnings ReleaseQ4 20120.12
CNH Global NVCNH USAnnual General MeetingY 2013
NYSE EuronextNYX USMarch 2013 Sales and Revenue Release - Trading Volumes2013

Thursday, April 4, 2013

Time Warner Cable - Barchart's Chart of the DAy

Summary:

Time Warner Cable (TWC) is the Chart of the Day.  It looks like a steady price reversal since the Trend Spotter signaled a buy on 3/15.  In the last month the stock advanced in 17 sessions and is up 9.65%.

Article:

The Chart of the Day is Time Warner Cable (TWC).  The stock was on Barchart's New High list today. The Trend Spotter signaled a buy on 3/15 and in the last month the stock advanced in 17 session for a 9.65% advance.  Analysts like the stock and the chart looks like a reversal situation.

The Company is the second-largest cable operator in the U.S. and an industry leader in developing and launching innovative video, data and voice services. They deliver their services to customers over technologically-advanced, well-clustered cable systems that pass approximately 26 million homes.



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:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 9.65% in the last month
  • Relative Strength Index 69.89%
  • Barchart computes a technical support level at 95.97
  • Recently traded at 97.47 with a 50 day moving average of 91.80
Fundamental factors:
  • Market Cap - $29.41 billion
  • P/E 16.86
  • Dividend yield 2.68%
  • Revenue projected to increase 4.40% this year and another 3.80% next year
  • Earnings estimated to be down 5.40% this year buy increase again by 17.80% next year and continue to grow annually at a rate of 13.04% for 5 years
  • Analysts released 9 strong buy, 3 buy and 7 hold recommendations on the stock
  • Financial strength B+
Watch this stock carefully; it has reversed itself several times in the last 6 months.  Sell if you lose 10% or the stock drops below its 50 day moving average.

5 NASDAQ 100 Stocks

Today I used Barchart to sort the NASDAQ 100 index stocks to find the 5 with the best Barchart technical indicators and charts.  The list includes Adobe Systems (ADBE), Amgen (AMGN), Biogen Idec (BIIB), Comcast (CMCSA) and Gilead Sciences (GILD):

Adobe Systems (ADBE)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 9.27% in the last month
  • Relative strength Index 72.63%
  • Barchart computes a technical support level at 43.33
  • Recently traded at 44.21 with a 50 day moving average of 40.22


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 14.18% in the last month
  • Relative Strength Index 79.6%
  • Barchart computes a technical support level at 102.32
  • Recently traded at 105.88 with a 50 day moving average of 90.73


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 15.13% in the last month
  • Relative Strength Index 78.77%
  • Barchart computes a technical support level at 78.77
  • Recently traded at 195.68 with a 50 day moving average of 169.03


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 4.31% in the last month
  • Relative Strength Index 59.46%
  • Barchart computes a technical support level at 40.93
  • Recently traded at 42.12 with a 50 day moving average of 40.28


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 8.82% in the last month
  • Relative strength Index 65.29%
  • Barchart computes a technical support level at 46.71
  • Recently traded at 47.47 with a 50 day moving average of 43.23










Barchart Morning Call 4/4


Thursday, April 4th, 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 +0.39%) this morning are up +0.42% on a +1.13% rally in the Euro Stoxx 50 index and on the BOJ's expansion of it QE program, which was more aggressive than expected. The Bank of England and the ECB both left their respective monetary policies unchanged as expected. The Nikkei index rallied sharply today by +2.20% on the BOJ's expanded QE program. The markets were closed today for a public holiday in China, Hong Kong, and Taiwan. Other Asian stock markets closed lower with Australia down -0.89%, Singapore down -0.42%, South Korea down -1.27%, and India down -1.55%. Commodity prices today are down -0.19%. May crude oil is up +0.06%, May gasoline is down -0.65%, June gold is down -0.61%, May copper is down -0.21%, and agriculture prices are trading lower across the board. The dollar index (DXY00 +0.60%) is sharply higher by +0.68% thanks mainly to a plunge in the yen on the BOJ meeting outcome, which pushed USD/JPY (^USDJPY) up +2.58%. EUR/USD (^EURUSD) is down -0.32%. June 10-year T-notes (ZNM13 +0.08%) are down 1 tick.
The ECB at its meeting today left its refinancing rate unchanged at 0.75% as expected. The markets will be listening carefully to ECB President Draghi at his press conference later this morning to see if he takes a more dovish tone in response to the ongoing Eurozone recession.
The Bank of England at its policy meeting today left its monetary policy unchanged with the base rate at 0.50% and its asset-purchase target unchanged at 375 billion pounds. The outcome was fully in line with market expectations. BOE Governor Mervyn King has been pushing for a 25 billion pound increase in the asset-purchase target but has been overruled by a majority vote on the BOE Monetary Policy Committee due to concerns about the UK inflation rate of +2.8% y/y overall and +2.3% core.
The BOJ at the conclusion of its 2-day meeting doubled its monthly bond-buying program to 7 trillion yen ($73 billion) per month. The BOJ dropped the limit on the maturity on the bonds that it buys, thus extending the maturity beyond 3 years. The BOJ also said it will double its monetary base and plans to reach its 2% inflation target within two years. The outcome of the BOJ meeting was more aggressive than expected and boosted the Japanese stock market and undercut the yen.
North Korea today prevented South Korean workers from entering the Gaeseong joint industrial zone for a second day. However, North Korea allowed South Korean workers who were already in the zone to leave. North Korea reiterated its threat against the U.S. by noting that its government authorized a potential "smaller, lighter and diversified nuclear strike." The South Korean Kospi stock index today fell 1.2% and the won fell by 0.6% to a 7-month low.
The Spanish 10-year bond yield today fell by 7 bp to 4.84% and the Italian 10-year bond yield fell by 5 bp to 4.51%.
The German final-March services PMI was revised lower by 0.7 points to 50.9 from the preliminary report of 51.6, which was weaker than market expectations for no revision. The Eurozone final-March services PMI was revised lower by -0.1 point to 46.4 from 46.5 and was weaker than market expectations for no revision.
The Eurozone Feb PPI rose by +0.2% m/m, which was in line with market expectations. On a year-on-year basis, the Feb PPI eased to +1.3% from a revised +1.7% in Jan.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a decline of -4,000 to 353,000, reversing part of last week’s increase of +16,000 to 357,000. Meanwhile, today’s weekly continuing claims report is expected to be unchanged from last week’s level of 3.050 million, moving sideways after last week’s decline of -27,000 to 3.050 million. The U.S. stock market is focused on the outcome of the central bank meetings in Japan, Europe, and UK. The only earnings report today from the Russell 1000 is RPM International (consensus 6 cents). Conferences through the rest of this week include J.P. Morgan Private Builder/Private Equity Conference on Thursday, China Business Conference 2013 in NY on Friday, and Women in the World Summit 2013 on Friday.

June E-mini S&Ps this morning are up +6.50 points (+0.42%) on the 1.13% rally in the Euro Stoxx 50 index and on . The S&P 500 index on Wednesday closed lower as a smaller-than-expected increase in the Mar ADP employment change (+158,000 vs. expectations of +200,000) fueled concern that Friday’s U.S. Mar payrolls may be weaker than expected and that the economy may be slowing. Another negative was the -1.6 point drop in the Mar ISM non-manufacturing index to a 7-month low of 54.4, weaker than expectations of -0.5 to 55.5. Closes: S&P 500 -1.05%, Dow Jones -0.76%, Nasdaq 100 -0.91%.
OVERNIGHT U.S. STOCK MOVERS
  • Microsoft (MSFT -0.83%) was downtgraded to Neutral from Buy due to disappointing Windows 8 adoption, a lack of unit growth in consumer devices, and a decline in expected PC sales.
  • RPM (RPM -1.85%) reported Q3 adjusted EPS of 7 cents, which was 1 cent above the consensus of 6 cents.
  • Domino's Pizza (DPZ -0.88%) was downgraded to Buy from Conviction Buy at Goldman sachs due to valuation concerns.
  • Provident New York Bancorp (PBNY +0.34%) and Sterling Bancorp (STL) plan to merge.
  • Federal Realty (FRT +0.42%) acquired a shopping center in Darien, Ct. for $47.3 million.
  • Sean P. Downes reported an 8.6% stake in Universal Insurance (UVE +0.40%) .
  • Intellipharmaceutics (IPCI -1.13%) reported a loss for Q1 EPS of -7 cents, better than consensus of a -12 cent loss.
  • The board of directors of McCormick (MKC -1.40%) authorized a new share repurchase program in which the company is authorized to purchase up to $400 million of its outstanding shares.
  • Healthcare Services (HCSG +0.55%) expects the retroactive reinstatement of the Work Opportunity Tax Credit, WOTC, to favorably impact Q1 of 2013 by approximately 2 cents to 3 cents per diluted common share.
  • CVS Caremark (CVS -2.01%) has agreed to pay $11 million to settle a civil lawsuit with the Justice Department that alleged the company failed to keep proper records of drug sales in Oklahoma, according to a Wall Street Journal report.
  • SAIC (SAI -0.88%) announced it was awarded a prime contract by the Pension Benefit Guaranty Corporation to provide information technology and operations support services.
  • Compuware (CPWR -1.88%) lowered its guidance on Q4 non-GAAP EPS to 5 cents-6 cents, well below consensus of 15 cents, and cut its guidance on fiscal year 2013 to 26 cents-28 cents, well below consensus of 36 cents. CEO Bob Paul said "During the quarter, a large number of deals we had anticipated closing in Q4 were pushed into the new fiscal year, significantly impacting our results."
MARKET COMMENTS
June 10-year T-notes this morning are down 1 tick. June 10-year T-note prices on Wednesday closed higher as the 10-year T-note yield fell to a 3-month low of 1.796% on increased safe-haven demand after stocks fell when weaker-than-expected data on Mar ADP employment and the Mar ISM non-manufacturing index spurred concern that U.S. economic growth may be slowing. Closes: TYM3 +13.5, FVM3 +6.75.
The dollar index this morning is sharply higher by +0.57 points (+0.68%) as the yen fell sharply on the BOJ's aggressive QE program. USD/JPY is up sharply by +2.40 yen (+2.58%. EUR/USD is down -0.0041 (-0.32%). The dollar index on Wednesday closed lower after weaker-than-expected U.S. economic data on Mar ADP employment and Mar ISM non-manufacturing raised concern the Fed will maintain its dollar negative stimulus measures. EUR/USD strengthened after the IMF reached an agreement with Cyprus for a 1 billion euro contribution to its bailout and after Italian and Spanish government bond yields fell. Closes: Dollar index -0.206 (-0.25%), EUR/USD +0.0030 (+0.25%), USD/JPY -0.39 (-0.42%).
May WTI crude oil is slightly higher by +0.06 (+0.06%) and May gasoline is down -0.0190 (-0.65%). Crude oil and gasoline tumbled on Wednesday after weekly EIA crude inventories rose to their highest since 1990. May crude posted a 1-week low and May gasoline fell to a 2-1/4 month low after weekly EIA crude inventories rose +2.707 million bbl, more than the expectations of 2.050 million, to 388.6 million bbl, the highest in more than 22 years. Other negatives included the smaller-than-expected increase in the Mar ADP employment and the larger-than-expected drop in the Mar ISM non-manufacturing index, which raised demand concerns. Closes: CLK3 -2.77 (-2.85%), RBK3 -0.1304 (-4.29%).
GLOBAL EVENT CALENDAR04/04/2013
US0730 ETMarch Challenger job cuts, Feb 7.0% y/y.
0830 ETWeekly initial unemployment claims expected -4,000 to 353,000, previous +16,000 to 357,000. Weekly continuing claims expected unch at 3.050 mln, previous -27,000 to 3.050 mln.
0830 ETUSDA weekly Export Sales.
0845 ETChicago Fed President Charles Evans and Atlanta Fed President Dennis Lockhart speak on current economic conditions and monetary policy discussion at the University of Dayton’s Redefining Investment Strategy Education conference.
1030 ETFed Chairman Ben Bernanke speaks on the economy in taped video.
1100 ETTreasury announces details of April 9-11 3-year, 10-year, and 30-year auctions.
1230 ETKansas City Fed President Esther George speaks on the U.S. economy at Redlands Community College.
1700 ETFed Vice Chair Janet Yellen speaks to Society of American Business Editors and Writers conference at George Washington University.
JPNn/aBOJ 2-day meeting concludes.
GER0355 ETGerman final-March services PMI expected unrevised from prelim March 51.6.
EUR0400 ETEurozone final-March services PMI expected unrevised from prelim March 46.5. Final-March composite PMI expected unrevised from prelim 46.5.
0500 ETEurozone Feb PMI expected +0.2% m/m and +1.4% y/y, Jan +0.6% m/m and +1.9% y/y.
0745 ETECB announces policy meeting outcome. Refinancing rate expected unchanged at 0.75%.
UK0430 ETUK March services PMI expected -0.3 to 51.5, Feb 51.8.
0700 ETBOE announces outcome of policy meeting. Base rate expected unchanged at 0.50% and asset purchase target expected unchanged at 375 bln pounds.
CHn/aChinese markets closed for a public holiday.
U.S. STOCK CALENDAR04/04/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
RPM International IncRPM USBef-mktQ3 2013 Earnings ReleaseQ3 20130.061
Ariad Pharmaceuticals IncARIA US8:00Business Update Call
RPM International IncRPM US10:00Q3 2013 Earnings CallQ3 2013
Facebook IncFB US13:00Media Event-Product Announcement
Hanesbrands IncHBI US18:00Investor MeetingY 2013
PNC Financial Services Group IncPNC USShareholders MeetingY 2013
FirstEnergy CorpFE USRoadshow - BostonY 2013

Wednesday, April 3, 2013

WR Berkley - Barchart's Chart of the Day

Summary:

W R Berkely (WRB) is the Chart of the Day.  Since the Trend Spotter signaled a buy on 1/18 the stock gained 10.41%.  The stock also gained in 17 trading sessions last month for an increase of 6.66%.

Article:

Today's Chart of the Day is W R Berkely (WRB).  The stock was found by sorting the Barchart New High List for frequency.  In the last month the stock hit 17 new highs and is up 6.66%.  It also has a 96% Barchart technical buy signals and a Trend Spotter buy signal.  Since the Trend Spotter signaled a buy on 1/18 the stock is up 10.41%.

The Company is an insurance holding company which operates in all segments of the property casualty insurance business: regional property casualty insurance; reinsurance; specialty lines of insurance; alternative markets; and international. The company's regional insurance operations are conducted primarily in the Midwestern, Southern and Northeastern sections of the United States. Reinsurance, specialty insurance and alternative markets operations are conducted nationwide.


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
  • 17 new highs and up 6.66% in the last month
  • Relative strength Index 73.69%
  • Barchart computes a technical support level at 44.08
  • Recently traded at 44.33 with a 50 day moving average of 42.15
Fundamental factors:
  • Market Cap - $6.02 billion
  • P/E 16.79
  • Dividend yield .82%
  • Revenue projected to increase 6.50% this year and another 9.00% next year
  • Earnings estimated to grow by 11.50% this year, an additional 11.00% next year and continue to increase 9.50% annually for 5 years
  • Analysts release 1 strong buy, 8 hold and 1 strong sell recommendation
  • Financial Strength B++
Sell if you lose 10% or the stock drops below its 50 day moving average.

6 Great Small Caps

Today's list comes from using Barchart to sort the S&P 600 Small Cap Index and sorting for the best Barchart technical indicators.  The list includes Symmetry Medical (SMA), LTC Properties (LTC), Fifth and Pacific (FNP), Cardtronics (CATM) and Unisource (UNS):

Symmetry Medical (SMA)


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 13.71% in the last month
  • Relative Strength Index 75.04%
  • Barchart computes a technical support level at 11.20
  • Recently traded at 11.94 with a 50 day moving average of 10.89


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 13.71% in the last month
  • Relative Strength Index 78.45%
  • Barchart computes a technical support level at 40.20
  • Recently traded at 41.76 with a 50 day moving average of 38.71


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 12.21% in the last month
  • Relative Strength Index 70.05%
  • Barchart computes a technical support level at 18.16
  • Recently traded at 20.00 with a 50 day moving average of 17.55


Barchart technical indicators:
  • 100% Barchart techncial buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 4.49% in the last month
  • Relative strength Index 63.95%
  • Barchart computes a technical support level at 26.50
  • Recently traded at 27.83 with a  50 day moving average of 26.53


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 3.66% in the last month
  • Relative Strength Index 72.46%
  • Barchart computes a technical support level at 42.63
  • Recently traded at 48.95 with a 50 day moving average of 46.57









SciQuest and Community Health Sysytems Buy Signals

This morning I added SciQuest (SQI) and Community Health Systems (CYH) to the Barchart Van Meerten New High portfolio for exceptional price momentum:

SciQuest (SQI)


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 20 new highs and up 21.35% in the last month
  • Relative Strength Index 67.90%
  • Barchart computes a technical support level at 23.58
  • Recently traded at 23.23 with a 50 day moving average of 19.41


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 9.93% in the last month
  • Relative Strength Index 62.62%
  • Barchart computes a technical support level at 46.41
  • Recently traded at 46.36 with a 50 day moving average of 41.94




Barchart Morning Call 4/3


Wednesday, April 3rd, 2013>>View Older Reports
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OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM13 +0.16%) are trading slightly higher by +0.11% as the market looks ahead to a positive ADP report today with a consensus of +200,000. The Euro Stoxx 50 index is down -0.49% today on some long liquidation pressure after recent gains. European stocks received some underlying support today as the IMF reached an agreement with Cyprus for a 1 billion euro contribution to its bailout. Asian stocks today closed mostly lower with the Hang Seng down -0.14% and China's CSI 300 index down -0.11%, but Japan's Nikkei index rallied sharply by +2.99% today. Chinese stocks were supported by solid increases in its non-manufacturing PMI reports but were undercut by the new cases of bird flu. Commodity prices are slightly lower by -0.06%. May crude oil (CLK13 -0.48%) is down -0.50%, May gasoline (RBK13 -1.00%) is down -1.23%, June gold (GCM13 -0.25%) is down -0.32%, May copper (HGK13 -0.43%) is down -0.61%, and agriculture prices are mostly higher. The dollar index (DXY00 -0.11%) and EUR/USD
(^EURUSD) this morning are virtually unchanged. USD/JPY (^USDJPY) is slightly higher by +0.07%. June 10-year T-note (ZNM13 -0.05%) prices are up +0.5 tick.
North Korea today prevented South Korean workers from entering the Gaeseong joint industrial zone, ratcheting up tensions another notch. North Korea earns about $100 million in profits from the business operations in the joint industrial park and South Korea makes about $400 million. So far North Korea has only halted South Koreans from traveling to the site but has not started to shut down the site entirely. There are still South Koreans who are effectively trapped in the zone and are unable to leave. There have still been no reports of unusual military movements in North Korea.
The Bank of Japan on Thursday will announce the outcome of its 2-day meeting. The market consensus is that new BOJ chief Kuroda will engineer a broad expansion of the BOJ's asset purchase program to meet its new goal of hitting a 2% inflation rate within two years.
The IMF today said that it reached a staff-level agreement with Cyprus to contribute 1 billion euros toward the 10 billion euro bailout. Italian 10-year bond yields today fell by another 3 bp to 4.59%, adding to yesterday's sharp decline of 14 bp. Spanish 10-year bond yields today fell by 4 bp to 4.91%.
Germany today successfully sold 3.29 billion of 5-year bonds at an average yield of 0.33%, down from 0.45% its last sale of 5-year bonds on March 6.
The March Eurozone CPI eased to +1.7% y/y from +1.8% in Feb but did not fall as far as the consensus of +1.6% y/y.
China's March non-manufacturing PMI from the National Bureau of Statistics rose by +1.1 point to 55.6 from 54.5 in Feb. Meanwhile, the March HSBC services PMI rose by +2.2 points to 54.3 from 52.1 in Feb. The increase in the non-manufacturing PMIs indicated that the non-manufacturing sectors of the Chinese economy picked up a little steam in March.
The UK March construction PMI rose by +1.4 points to 47.2 from 46.8 in Feb but was weaker than market expectations for a +1.2 point increase to 48.0.
Chinese investors became a little more concerned after a new H7N9 strain of bird flu killed two people in Shanghai. Five other people are infected with the virus and are in critical condition. WHO is investigating.
U.S. STOCK PREVIEW
Today’s March ADP employment report is expected to show a solid increase of +200,000, which would be very close to the +198,000 increase seen in February. Today’s March ISM non-manufacturing index is expected to show a small decline of -0.2 to 55.8. There are only two major earnings reports today. ConAgra this morning reported Q3 earnings of 55 cents, slightly below the consensus of 56 cents. Monsanto reported Q2 earnings of $2.73, well above the consensus of $2.57.
Conferences through the rest of this week include Boston Biotech Business Development Conference on Tue-Wed, J.P. Morgan Private Builder/Private Equity Conference on Thursday, China Business Conference 2013 in NY on Friday, and Women in the World Summit 2013 on Friday.

June E-mini S&Ps (ESM13 +0.16%) are slightly higher by +1.75 points (+0.11%) on expectations for a strong ADP report this morning of +200,000 and on some optimism about a further decline in Italian and Spanish bond yields and solid increases in today's Chinese non-manufactuturing indexes. The S&P 500 index on Tuesday closed moderately higher on the stronger-than-expected U.S. Feb factory orders report and the sharp -14 bp drop in the Italian 10-year bond yield. Closes: S&P 500 +0.52%, Dow Jones +0.61%, Nasdaq 100 +0.84%.
OVERNIGHT U.S. STOCK MOVERS
  • Monsanto (MON -1.69%) reported Q2 adjusted EPS of $2.73, well above the consensus of $2.58.
  • ConAgra (CAG -0.22%) reported Q3 adjusted EPS of 55 cents, slightly below the consensus of 56 cents.
  • Japanese auto makers (TM -1.25%, HMC -1.00%, NSANY -0.75%) continued to see a Chinese sales slump in Q1, allowing rivals to pick up market share, according to a Reuters report.
  • Caterpillar (CAT -0.89%) was downgraded to Neutral from Buy at Goldman Sachs on a reduced outlook for iron ore prices and a cut in equipment capital spending.
  • Six Flags (SIX +0.63%) was initiated with a Conviction Buy with a target of $83.50 by Goldman Sachs
  • BP (BP +0.31%) is putting its U.S. wind power unit up for sale, according to FT
  • Oxford Industries (OXM -0.54%) fell 3% in after-hours trading after reporting Q4 EPS of 65 cents, below the consensus of 70 cents.
  • Vodafone (VOD +3.78% fell 3% in after-hours trading after Verizon (VZ) disclosed in a regulatory filing that it is interested in buying Vodafone's stake in Verizon Wireless, but not in buying Vodafone itself.
  • MagicJack (CALL +6.94%) rallied 13% in after-hours trading after announcing positive earnings.
  • Zynga (ZNGA -2.85%) rallied 8% in after-hours trading after the company announced its first games involving real money in the U.K.
  • Newfield (NFX +0.78%) rallied 7% in after-hours trading after announcing a natural gas discovery.
  • Zoltek (ZOLT -0.16%) rallied 5% in after-hours trading after announcing it would conduct a review of strategic alternatives.
  • Global Payments (GPN -0.26%) fell 6% in after-hours trading after announcing negative earnings.
  • Tesla (TSLA +0.93%) fell 2% in after-hours trading after announcing a new financing product for its Model S. electric vehicle.
MARKET COMMENTS
June 10-year T-notes (ZNM13 -0.05%) are up by +0.5 tick. June 10-year T-note prices on Tuesday closed mildly higher on reduced safe-haven demand with the rally in U.S. stocks and the sharp drop in the Italian 10-year bond yield. Closes: TYM3 -4.5, FVM3 -1.75.
The dollar index (DXY00 -0.11%) and EUR/USD (^EURUSD) are virtually unchanged this morning. EUR/USD (^USDJPY) received a little underlying support from news that the IMF reached an agreement with Cyprus for a 1 billion euro contribution to its bailout. USD/JPY is slightly higher by +0.07 yen (+0.07%) as the market looks ahead to Thursday's expected QE expansion announcement from the BOJ after its 2-day meeting. The dollar index on Monday closed mildly higher on the stronger-than-expected factory orders report while EUR/USD fell on worries that there may be a dovish outcome at Thursday’s ECB meeting considering that the Eurozone Feb unemployment rate yesterday rose to a new record high of 12.0%. Closes: Dollar index +0.191 (+0.23%), EUR/USD -0.0029 (-0.23%), USD/JPY +0.21 (+0.23%).
May WTI crude oil (CLK13 -0.48%) is down -0.49 (-0.50%) and May gasoline (RBK13 -1.00%) is down -0.0373 (-1.23%) as bearish sentiment continues. Crude oil on Tuesday closed slightly higher but gasoline fell sharply as the market expects the surge in the refinery operation rate in the past two weeks to translate soon into higher gasoline production and higher inventories. Gasoline also saw technical selling as it appeared headed for a test of the recent 2-month low and a further correction of the Dec-Feb rally. Closes: CLK3 +0.12 (+0.12%), RBK3 -0.0607 (-1.96%).
GLOBAL EVENT CALENDAR04/03/2013
US0700 ETWeekly MBA mortgage applications, previous +7.7% with purchase sub-index +6.7% and refi sub-index +8.0%.
0815 ETMarch ADP employment change expected +200,000, Feb +198,000.
1000 ETMarch ISM non-manufacturing index expected -0.2 to 55.8, Feb +0.8 to 56.0.
1030 ETDOE Weekly Petroleum Status Report.
1530 ETSan Francisco Fed President John Williams speaks on economy and monetary policy to Town Hall in Los Angeles.
1700 ETSt. Louis Fed President James Bullard introduces lecture by Glenn Hubbard, former Chairman of Economic Advisors, in St. Louis.
UK0430 ETUK March construction PMI expected +1.2 to 48.0, Feb 46.8.
EUR0500 ETEurozone March CPI expected +1.6% y/y, Feb +1.8% y/y.
JPNn/aBOJ 2-day meeting begins.
U.S. STOCK CALENDAR04/03/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Monsanto CoMON USBef-mktQ2 2013 Earnings ReleaseQ2 20132.565
ConAgra Foods IncCAG US7:30Q3 2013 Earnings ReleaseQ3 20130.563
ConAgra Foods IncCAG US9:30Q3 2013 Earnings CallQ3 2013
Monsanto CoMON US9:30Q2 2013 Earnings CallQ2 2013
McCormick & Co Inc/MDMKC US10:00Annual General MeetingY 2013
Hanesbrands IncHBI US18:30Annual General Meeting
Walgreen CoWAG USMarch 2013 Sales and Revenue Release2013
AutoNation IncAN USMarch 2013 Sales and Revenue Release2013
IntercontinentalExchange IncICE USMarch 2013 Sales and Revenue Release2013

Tuesday, April 2, 2013

Health Management Associates buy signals

Summary:

Health Management Associates (HMA) is the Chart of the Day.  Since hitting a string of Trend Spotter buy signals on 11/21 the stock has gained 60%.  In the last 20 trading sessions the stock advanced 18 times for a gain of 19.72%.

Article:

The Chart of the Day is Health Management Associates (HMA).  We found the stock on the Barchart New High list and sorted for frequency. All the health care stocks are smoking and this seems to be a good one.  It has both a Trend Spotter buy signal, 96% Barchart technical buy signals  and in the last 20 sessions advanced 18 times for a 19.72% gain.

They provide a broad range of general acute care health services in non-urban communities. The Company pursues a business strategy of efficiently and profitably operating its existing base of facilities and selectively acquiring additional 100 to 300 bed acute care hospitals located in non-urban communities in market areas of 40,000 to 300,000 people in the southeastern and southwestern UnitedStates.



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
  • 18 new highs and up 19.72% in the last month
  • Relative Strength Index 74.64%
  • Barchart computes a technical support level at 12.56
  • Recently traded at 13.05 with a 50 day moving average of 11.21
Fundamental factors:
  • Market Cap - $3.35 billion
  • P/E 17.16
  • Revenue projected to increase 2.40% this year and 5.70% next year
  • Earnings to grow 24.00% this year, an additional 17.20% next year and continue to increase 11.32% annually for 5 years
  • Analysts releases 9 strong buy, 11 hold and 2 strong sell recommendations
  • Financial Strength C+
Sell if you lose 10% or the stock drops below its 50 day moving average.