Saturday, August 17, 2013

Hercules Offshore - Sell Signals

Today I entered a sell order for Hercules Offshore (HERO) in the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:
  • 72% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 13.44% off it's 1 year high
  • Relative Strength Index 41.52%


Friday, August 16, 2013

Raptor Pharmaceutical - Barchart's Chart of the Day

Summary:

Raptor Pharmaceutical (RPTP) is the Chart of the Day.  The stock has a 170.00+ Weighted Alpha, 100% technical buy signals and a Trend Spotter buy signal.

Article:

The Chart of the Day is Raptor Pharmaceutical (RPTP).  I found the stock by sorting the New High List of Weighted Alpha and this stock has a 170.00+.  The stock is just beginning to be followed by analysts and looks to have a bright future.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 96.67% in the last quarter
  • Relative Strength Index 75.95%
  • Barchart computes a technical support level at 10.13
  • Recently traded at 11.48 with a 50 day moving average of 9.60
Fundamental factors:
  • Market Cap $650.47 million
  • Revenue expected to grow 573.10% next year
  • Earnings estimated to increase 66.70% next year
  • Wall Street analysts issued 6 strong buy and a hold recommendation
If you buy at this level watch the moving averages and turtle channels closely and sell if it drops below its 50 day moving average.

Barchart Morning Call 8/16

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 +0.32%) this morning are up +0.24% and European stocks are up +0.08%. Asian stocks closed mostly lower: Japan -0.75%, Hong Kong -0.10%, China -0.75%, Taiwan +0.48%, Australia -0.75%, Singapore -0.73%, South Korea -0.24%, India -3.97%. China's Shanghai Stock Index closed down -0.75% after being up +5.6% when a trading error at Everbright Securities spurred a 53% surge in trading volumes. India's Sensex Stock Index sank -3.97%, its biggest plunge since Sep 2011, as Indian banking stocks tumbled on concern that measures taken by the Reserve Bank of India (RBI) to bolster the rupee are failing. The rupee dropped to a record 62.005 per dollar today and has slumped -4.4% in the past 3-weeks even after the RBI tightened the cash supply, restricted currency derivatives and curbed gold imports. Commodity prices are mixed. Sep crude oil (CLU13 +0.20%) is up +0.05% and Sep gasoline (RBU13 +0.29%) is up +0.04%. Dec gold (GCZ13 +0.22%) is up +0.05% at a 1-3/4 month high, and Sep copper (HGU13 +0.67%) is up +0.85%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.08%) is up +0.06%. EUR/USD (^EURUSD) is down -0.07% and USD/JPY (^USDJPY) is up +0.06%. September T-note prices (ZNU13 -0.21%) are down -4 ticks.
The Eurozone Jun trade surplus widened to 14.9 billion euros from a 13.8 billion euro surplus in May. June exports rose a seasonally adjusted +3.0% m/m, their first increase in 3-months, from a -2.6% m/m decline in May. June imports rose +2.5% m/m after a -2.1% decline in May.
The July Eurozone CPI fell -0.5% m/m, right on expectations and the biggest decline in 6-months. The Eurozone CPI was left unrevised at +1.6% y/y and the July core CPI was also left unrevised at the originally reported +1.1% y/y.
U.S. STOCK PREVIEW
Today’s early-Aug U.S. consumer confidence index from the University of Michigan is expected to show a +0.1 point increase to 85.2, adding to the +1.0 point increase to 85.1 seen in July.  Today’s July housing starts report is expected to show an increase of +7.7% to 900,000, reversing some of the sharp -9.9% decline to 836,000 seen in June.  Today’s Q2 non-farm productivity report is expected to improve to +0.6% from +0.5% in Q1.  None of the Russell 1000 companies report earnings today.  There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
Linear Technology (LLTC -1.31%) was upgraded to "Overweight" from "Equal Weight" at Morgan Stanley who also raised its price target on the stock to $48 from $40.
Xilinx (XLNX -2.33%) was upgraded to "Overweight" from "Equal Weight" at Morgan Stanley who also raised its price target on the stock to $40 from $38.
Pandora (P -3.50%) was upgraded to "Buy" from "Neutral" with a price target of $27 at Goldman.
Anadarko (APC +0.25%) was upgraded to "Strong Buy" from "Buy" at ISI Group.
Alcoa (AA unch) was downgraded to "Underperform" from "Neutral" at BofA/Merrill.
General Mills (GIS -2.88%) was downgraded to "Underperform" from "Hold" at Jefferies.
STMicroelectronics (STM -1.52%) was downgraded to "Underweight" from "Neutral" at HSBC.
JoS. A. Bank (JOSB -1.76%) fell 5% in after-hours trading after it lowered its Q2 EPS estimate to 49 cents-53 cents, well below consensus of 68 cents.
Gabelli reports 5.09% stake in Lennar (LEN +5.12%) .
Nordstrom (JWN -0.35%) fell over 3% in after-hours trading after it reported Q2 EPS of 93 cents, stronger than consensus of 88 cents, but then lowered guidance on fiscal 2013 EPS view to $3.60-$3.70 from $3.65-$3.80, lower than consensus of $3.78.
Applied Materials (AMAT -2.61%) reported Q3 adjusted EPS of 18 cents, weaker than consensus of 19 cents.
Dell (DELL -0.15%) reported Q2 adjusted EPS of 25 cents, better than consensus of 24 cents.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 +0.32%) this morning are up +4.00 points (+0.24%). The S&P 500 index on Thursday tumbled to a 1-month low and closed lower on concern that stronger-than-expected Eurozone and U.S. economic data will prompt the Fed to taper QE3 soon. U.S. weekly jobless claims fell -15,000 to a 5-3/4 year low of 320,000, while the Aug NAHB housing market index rose +3 to a 7-3/4 year high of 59. Other bearish factors included a slide in technology stocks after bellwether Cisco said its fiscal Q1 revenue will be lower than consensus, and after retail stocks fell when Wal-Mart cut its full-year EPS forecast. Closes: S&P 500 -1.43%, Dow Jones -1.47%, Nasdaq 100 -1.70%.
Sep 10-year T-notes (ZNU13 -0.21%) this morning are down -4 ticks. Sep 10-year T-note prices on Thursday fell to a 5-week low and the 10-year T-note yield surged to a 2-year high of 2.82% after U.S. weekly jobless claims fell to their lowest level in 5-3/4 years and after the Aug NAHB housing market index climbed to its best level in 7-3/4 years. T-note prices rose from their worst levels after July industrial production was unchanged (weaker-than-expectations of +0.3%) and after the Aug Philadelphia Fed manufacturing index fell more than expected. Closes: TYU3 -9.0, FVU3 -7.25.
The dollar index (DXY00 +0.08%) this morning is up +0.052 (+0.06%). EUR/USD (^EURUSD) is down -0.0010 (-0.07%) and USD/JPY (^USDJPY) is up +0.06 (+0.06%). The dollar index on Thursday posted a 1-week high after initial unemployment claims fell to a 5-3/4 year low, but gave up its advance and closed lower after July industrial production unexpectedly stagnated. Closes: Dollar index -0.547 (-0.67%), EUR/USD +0.00917 (+0.69%), USD/JPY -0.771 (-0.79%).
Sep WTI crude oil (CLU13 +0.20%) this morning is up +5 cents (+0.05%) and Sep gasoline (RBU13 +0.29%) is up +0.0011 (+0.04%). Sep crude oil and gasoline prices on Thursday climbed to 2-week highs and settled higher on concern that the civil unrest in Egypt will escalate and threaten the supplies of Middle East crude oil through the Suez Canal. Other bullish factors included (1) the weaker dollar and (2) the decline in U.S. weekly jobless claims to a 5-3/4 year low. Closes: CLU3 +0.48 (+0.45%), RBU3 +0.0015 (+0.05%).
GLOBAL EVENT CALENDAR08/16/2013
US0830 ETQ2 non-farm productivity expected +0.6%, Q1 +0.5%. Q2 unit labor costs expected +1.2%, Q1 -4.3%.
0830 ETJuly housing starts expected +7.7% to 900,000, Jun -9.9% to 836,000. July building permits expected +2.9% to 945,000, Jun -6.8% to 918,000.
0955 ETPreliminary U.S. Aug University of Michigan consumer confidence expected +0.1 to 85.2, July +1.0 to 85.1.
EUR0500 ETRevised Eurozone July CPI, previous +0.1% m/m and +1.6% y/y. Revised July core CPI, previous +1.1% y/y.
0500 ETEurozone Jun trade balance (sa), May +14.6 billion euros.
CHI2130 ETChina July property prices.
UK1901 ETUK Aug Rightmove house prices, July +0.3% m/m and +4.8% y/y.
JPN1950 ETJapan July trade balance expected -803.0 billion yen, Jun -182.3 billion yen. July exports expected +15.4% y/y, Jun +7.4% y/y. July imports expected +18.9% y/y, Jun +11.8% y/y.
U.S. STOCK CALENDAR08/16/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Microchip Technology IncMCHP US12:00Annual General MeetingY 2013

AudioCodes (AUDC) buy signals

This morning I added AudioCodes (AUDC) to the Barchart Van Meerten Speculative portfolio.  You may remember that this stocks was also yesterday's Chart of the Day.  The Speculative portfolio is made up of stocks trading under $10 that have hit the most frequent new highs in the last month and have the technical indicators and charts I like to see.

The chart below is an hourly chart of the stocks recent trading history:


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 19.50% in the last month
  • Relative Strength Index 72.77%
  • Barchart computes a technical support level at 5.26
  • Recently traded at 5.76 with a 50 day moving average of 4.72


Thursday, August 15, 2013

AudioCodes (AUDC) - Barchart's Chart of the Day

Summary:

AudioCodes (AUDC) is the Chart of the Day,  The telecommunications apparatus designer is up 296.45% in the last year and has a Weighted Alpha of 247.80+.

Article:

The Chart of the Day is AudioCodes (AUDC).  I found the stock by using the New High List and then sorted for frequency.  The stock has both 100% technical buy signals and a Trend Spotter buy signal.

It designs, develops and markets enabling technologies and communication components for the transmission of voice, fax and modem over packet networks. Newly developed Voice over IP gateways as well as DSL and ATM access devices, enable packet networks to carry voice and data more efficiently and at lower cost than traditional telephone networks. They are a provider of voice over packet communication components that empower the development of equipment for these emerging 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 signals
  • Above its 20, 50 and 100 day moving averages
  • 20 new highs and up 44.44% in the last quarter
  • Relative Strength Index 70.81%
  • Barchart computes a technical support level at 5.26
  • Recently traded at 5.59 with a 50 day moving average of 4.69
Fundamental factors:
  • Market Cap $212.64
  • P/E 178.67
  • Revenue projected to increase 7.40% this year and another 8.10% next year
  • Earnings estimated to increase 425.00% this year an additional 53.80% next year and continue to increase at an annual rate of 12.00% for the next 5 years
  • One Wall Street analysts rates this a strong buy
The stock is just starting to get a following but still make sure you are prepared to sell if it drops below its 50 day moving average.

5 NASDAQ 100 Stars

Today I used Barchart to sort the NASDAQ 100 Index to find the stocks with great technical indicators and interesting short term charts.  The list includes CA Inc (CA), Oracle (ORCL), Apple (AAPL), Baidu (BIDU), and Qualcomm (QCOM):

CA Inc (CA)


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 4.94% in the last month
  • Relative Strength index 69.10%
  • Barchart computes a technical support level at 30.85
  • Recently traded at 31.04 with a 50 day moving average of 29.28
Oracle (ORCL)


Barchart technical indicators:
  • In a crossover position on the technical buy/sell signal
  • Trend Spotter buy signal
  • Above its 20 and 50 day moving averages
  • 13 new highs and up 2.22% in the last month
  • Relative Strength Index 51.44%
  • Barchart computes a technical support level at 33.06
  • Recently traded at 32.75 with a 50 day moving average of 32.30
Apple (AAPL)


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 16.24% in the last month
  • Relative Strength Index 75.34%
  • Barchart computes a technical support level at 487.87
  • Recently traded at 497.28 with a 50 day moving average of 435.87
Baidu (BIDU)


Barchart technical indicators:
  • 60% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 34.86% in the last month
  • Relative strength Index 68.76%
  • Barchart computes a technical support level at 134.90
  • Recently traded at 137.43 with a 50 day moving average of 109.40
Qualcomm (QCOM)


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 8.24%
  • Relative Strength Index 60.73%
  • Barchart computes a technical support level at 66.35
  • Recently traded at 33.64 with a 50 day moving average of 62.75










Barchart Morning Call 8/15

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 -0.56%) this morning are down -0.45% at a 2-1/2 week low and European stocks are down -0.56%. Asian stocks closed lower: Japan -2.12%, Hong Kong -0.01%, China -1.17%, Taiwan -0.81%, Australia -0.10%, Singapore -0.85%, South Korea and India closed for holiday. Technology and retail stocks are leading declines in equity markets as Cisco is down over 8% in pre-market trading after the company said revenue for the current quarter through October will be $12.2 billion to $12.5 billion, below consensus of $12.5 billion. Wal-Mart is down over 2% after it cut its full-year EPS forecast. Commodity prices are mostly higher. Sep crude oil (CLU13 +0.61%) is up +0.70% and Sep gasoline (RBU13 +0.23%) is up +0.31%, both at 1-1/2 week highs, after Egypt's army-backed government declared a state of emergency following police clashes with protesters that left hundreds dead and fueled concern that the flow of oil through the Suez Canal could be at risk. Dec gold (GCZ13 +0.24%) is up +0.22% at a 3-week high, and Sep copper (HGU13 -1.27%) is down -1.06%. Agricultural and livestock prices are higher. The dollar index (DXY00 -0.24%) is down -0.18%%. EUR/USD (^EURUSD) is up +0.23% and USD/JPY (^USDJPY) is up +0.03%. The British pound climbed to a 1-1/2 month high against the dollar after UK July retail sales rose more than forecast. September T-note prices (ZNU13 -0.30%) are down -7.5 ticks.
UK July retail sales ex autos climbed +1.1% m/m and +3.1% y/y, stronger than expectations of +0.6% m/m and +2.7% y/y, with the +3.1% y/y increase the largest annual gain in 5-years. July retail sales including autos rose +1.1% m/m and +3.0% y/y, better than expectations of +0.7% m/m and +2.4% y/y.
Egypt declared a month-long state of emergency as an escalation of civil unrest left hundreds dead. Egypt's stock exchange and banks were closed today for the first time other than public holidays since the Jan 2011 civil uprising.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a small increase of +2,000 to 335,000, adding to last week’s +5,000 increase to 333,000. Meanwhile, continuing claims are expected to show a decline of -18,000 to 3.000 million following last week’s +67,000 increase to 3.018 million. Today’s July CPI report is expected to edge higher to +2.0% y/y from +1.8% in June. Meanwhile, the July core CPI is expected to edge higher to +1.7% y/y from +1.6% in June. Today’s July industrial production report is expected to show an increase of +0.3% m/m, matching the +0.3% increase seen in June. Today’s U.S. regional manufacturing data for August is expected to be mixed. The Aug Empire manufacturing index is expected to show a small increase of +0.5 points to 10.0, adding to the +1.6 point increase to 9.5 seen in July. Meanwhile, the Aug Philadelphia Fed manufacturing index is expected to show a -4.8 point decline to 15.0, giving back much of the +7.3 point increase to 19.8 seen in July. Today’s Aug NAHB housing market index is expected to be unchanged at 57, thus sustaining July’s +6 point surge to a 7-3/4 year high of 57.
There are 7 of the S&P 500 companies that report earnings today: Wal-Mart (consensus $1.25), Kohl's (1.04), Estee Lauder (0.21), Perrigo (1.56), Applied Materials (0.19), Dell (0.24), and Nordstrom (0.88). There are no equity conferences during the remainder of this week.
OVERNIGHT U.S. STOCK MOVERS
Wal-Mart (WMT -0.60%) fell over 2% in pre-market trading after it reported Q2 EPS of $1.25, right on expectations, but then lowered guidance on fiscal 2013 EPS to $5.10 to $5.30 from $5.20 to $5.40, below consensus of $5.30.
Estee Lauder (EL -1.99%) reported Q4 EPS of 24 cents, better than consensus of 21 cents.
Kohl's (KSS +0.02%) reported Q2 EPS of $1.04, right on expectations.
Carnival (CCL +0.87%) was upgraded to "Buy" from "Neutral" at Goldman.
Briggs & Stratton (BGG +0.05%) reported Q4 adjusted EPS of 22 cents, better than consensus of 19 cents.
Intel (INTC +0.22%) was downgraded to "Neutral" from "Outperform" at RW Baird.
CACI International (CACI +0.54%) reported Q4 adjusted EPS of $1.59, slightly below consensus of $1.60.
Dean Foods (DF -2.75%) announced a 1-for-2 reverse stock split of issued Dean Foods common stock that will be effective after the close of trading on Monday, August 26.
Dillard's (DDS -1.10%) reported Q2 EPS of 79 cents, stronger than consensus of 74 cents.
Agilent (A -0.87%) reported Q3 adjusted EPS of 68 cents, better than consensus of 62 cents, and raised guidance on fiscal adjusted 2013 EPS to $2.83-$2.85, higher than consensus of $2.78.
Cisco (CSCO +0.23%) slumped over 8% in after-hours trading even after it reported Q4 EPS of 52 cents, better than consensus of 51 cents, after it said revenue for the current quarter throuh October will be $12.2 billion to $12.5 billion, below consensus of $12.5 billion. The company also said that it will reduce its workforce by approximately 4,000 employees starting in Q1 of 2014.
NetApp (NTAP +0.09%) reported Q1 EPS of 53 cents, stronger than consensus of 49 cents.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 -0.56%) this morning are down -7.50 points (-0.45%) at a 2-1/2 week low. The S&P 500 index on Wednesday closed lower on speculation that the Fed was close to cutting back its stimulus measures. Declines were limited on signs of strength in the global economy after Eurozone Q2 GDP grew +0.3% q/q, stronger than expectations of +0.2% q/q. Closes: S&P 500 -0.52%, Dow Jones -0.73%, Nasdaq 100 -0.37%.
Sep 10-year T-notes (ZNU13 -0.30%) this morning are down -7.5 ticks. Sep 10-year T-note prices on Wednesday closed little changed. T-note prices found support on the July core PPI that rose +0.1% m/m and +1.2% y/y, smaller than expectations of +0.2% m/m and +1.3% y/y, with the +1.2% y/y increase the smallest annual gain in 3-years. Gains in T-note prices were limited on concern the Fed was close to tapering its bond buying program. Closes: TYU3 +1.0, FVU3 +1.25.
The dollar index (DXY00 -0.24%) this morning is down -0.151 (-0.18%). EUR/USD (^EURUSD) is up +0.0030 (+0.23%) and USD/JPY (^USDJPY) is up +0.03 (+0.03%). The dollar index on Wednesday closed slightly lower. EUR/USD gained after Eurozone Q2 GDP expanded more than forecast, while the dollar was undercut on disinflation fears after U.S. July core PPI rose +1.2% y/y, the smallest annual gain in 3-years. Declines in the dollar were limited on speculation the Fed will soon curb QE3. Closes: Dollar index -0.057 (-0.07%), EUR/USD -0.00007 (-0.05%), USD/JPY -0.067 (-0.07%).
Sep WTI crude oil (CLU13 +0.61%) this morning is up +75 cents (+0.70%) and Sep gasoline (RBU13 +0.23%) is up +0.0092 (+0.31%), both at 1-1/2 week highs. Sep crude oil and gasoline prices on Wednesday settled slightly higher. Bullish factors included (1) signs of strength in the global economy after Eurozone Q2 GDP rose +0.3% q/q, stronger than expectations of +0.2% q/q, (2) the -2.812 million bbl decline in weekly EIA crude inventories to a 7-month low of 360.49 million bbl, a bigger drop than expectations of -1.5 million bbl, and (3) the -1.359 million bbl decline in crude oil stockpiles at Cushing, OK, the delivery point for WTI futures, to a 17-month low of 38.51 million bbl. Negative factors included (1) speculation the Fed will soon reduce its stimulus measures and (2) the +0.1% increase in U.S. crude production to 7.57 million barrels a day in the week ended Aug 9, the most in 23-1/2 years. Closes: CLU3 +0.02 (+0.02%), RBU3 +0.0460 (+1.56%).
GLOBAL EVENT CALENDAR08/15/2013
US0815 ETSt. Louis Fed President James Bullard speaks on the U.S. economy and monetary policy at an event in Louisville, KY.
0830 ETWeekly initial unemployment claims expected +2,000 to 335,000, previous +5,000 to 333,000. Weekly continuing claims expected -18,000 to 3.000 million, previous +67,000 to 3.018 million.
0830 ETJuly CPI expected +0.2% m/m and +2.0% y/y, Jun +0.5% m/m and +1.8% y/y. July CPI ex food & Energy expected +0.2% m/m and +1.7% y/y, Jun +0.2% m/m and +1.6% y/y.
0830 ETAug Empire manufacturing index expected +0.54 to 10.00, July +1.62 to 9.46.
0830 ETUSDA weekly Export Sales.
0915 ETJuly industrial production expected +0.3%, Jun +0.3%. July manufacturing production expected +0.2% m/m, June +0.3% m/m. July capacity utilization expected +0.1 to 77.9%, Jun 77.8%.
1000 ETAug NAHB housing market index expected unch at 57, July +6 to 57.
1000 ETAug Philadelphia Fed manufacturing index expected -4.8 to 15.0, July +7.3 to 19.8.
1100 ETTreasury announces amount of 5-year TIPS to be auctioned Aug 22 (previous $18 billion).
UK0430 ETUK July retail sales ex autos expected +0.6% m/m and +2.7% y/y, Jun +0.2% m/m and +2.1% y/y. July retail sales including autos expected +0.7% m/m and +2.4% y/y, Jun +0.2% m/m and +2.2% y/y.
U.S. STOCK CALENDAR08/15/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Wal-Mart Stores IncWMT US7:00Q2 2014 Earnings ReleaseQ2 20141.25
Wal-Mart Stores IncWMT US7:00Q2 2014 Earnings CallQ2 2014
Kohl's CorpKSS US7:00Q2 2014 Earnings ReleaseQ2 20141.042
Estee Lauder Cos Inc/TheEL US7:30Q4 2013 Earnings ReleaseQ4 20130.214
Ford Motor CoF US8:00Analyst MeetingY 2013
Perrigo CoPRGO US8:00Q4 2013 Earnings ReleaseQ4 20131.562
Kohl's CorpKSS US8:30Q2 2014 Earnings CallQ2 2014
Estee Lauder Cos Inc/TheEL US9:30Q4 2013 Earnings CallQ4 2013
Perrigo CoPRGO US10:00Q4 2013 Earnings CallQ4 2013
Applied Materials IncAMAT US16:30Q3 2013 Earnings CallQ3 2013
Nordstrom IncJWN US16:45Q2 2014 Earnings CallQ2 2014
Applied Materials IncAMAT USAft-mktQ3 2013 Earnings ReleaseQ3 20130.191
Dell IncDELL USAft-mktQ2 2014 Earnings ReleaseQ2 20140.238
Nordstrom IncJWN USAft-mktQ2 2014 Earnings ReleaseQ2 20140.877
Forest Laboratories IncFRX USAnnual General Meeting

Wednesday, August 14, 2013

The Andersons (ANDE) - Chart of the Day

Summary:

The Anderson (ANDE) is the Chart of the Day.  The agricultural products group is up over 86.61% in the last year and has a Weighted Alpha of 86.70+.  This is a Trend Spotter buy.

Article:

The Chart of the Day is The Andersons (ANDE).  In the last quarter the stock hit 25 new highs and advanced 25.19%.  I found the stock by sorting the New High List for frequency and it was near the top.

It is a diversified company operating in three segments. The Agriculture Group engages in grain merchandising, operates grain elevator facilities, distributes wholesale agricultural fertilizer and operates retail farm centers. The Processing and Manufacturing Group includes the processing of lawn and corn-cob based products; the purchase, sale, repair and leasing of railcars; and the operation of automotive service centers.





Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 20.10% in the last month
  • Relative Strength Index  88.35%
  • Barchart computes a technical support level at 65.46
  • Recently traded at 66.87 with a 50 day moving average of 56.56
Fundamental factors:
  • Market Cap $1.25 billion
  • P/E 16.81
  • Dividend yield .97%
  • Revenue projected to grow 6.50% this year but decrease by .20% next year
  • Earnings estimated to decrease 1.70% this year but increase by 30.30% next year and continue to increase by 12.00% annually for the next 5 years
  • 7 analysts at 5 Wall Street firms issued 1 strong buy, 1 buy and 5 hold recommendations
  • Financial Strength B
This company operates with very tight after tax margins so I'd watch the technicals closely and exit if the stock drops below its 50 day moving average.


5 Small Cap Stars

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks with the best technical indicators and charts.  The list includes The Andersons (ANDE), Benchmark Electronics (BHE), Scansource (SCSC), Synnex (SNX) and Encore Capital (ECPG):

The Andersons (ANDE)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 20.19% in the last month
  • Relative Strength Index 88.83%
  • Barchart computes a technical support level at 65.46
  • Recently traded at 66.91 with a 50 day moving average of 56.57


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 9.32% in the last month
  • Relative Strength Index 76.75% 
  • Barchart computes a technical support level at 22.50
  • Recently traded at 22.87 with a 50 day moving average of 56.57


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 9.26% in the last month
  • Relative Strength Index 68.24%
  • Barchart computes a technical support level at 35.61
  • Recently traded at 36.35 with a 50 day moving average of 34.13
Synnex (SNX)


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 10.31% in the last month
  • Relative Strength Index 81.70%
  • Barchart computes a technical support level at 51.04
  • Recently traded at 52.01 whit a 50 day moving average of 45.98


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 36.53% in the last month
  • Relative Strength Index 84.00%
  • Barchart computes a technical support level at 42.91
  • Recently traded at 44.97 with a 50 day moving average of 36.44














Jinpan International - Buy Signals

Today I added Jinpan International (JST) to the Barchart Van Meerten New High portfolio for great technical indicators and charts:


Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 20 new highs and up 23.64% in the last month
  • Relative Strength Index 78.07%
  • Barchart computes a technical support level at 5.72
  • Recently traded at 6.22 with a 50 day moving average of 5.25


Barchart Morning Call 8/14

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 -0.15%) this morning are down -0.13%, although European stocks are up +0.11% after Eurozone Q2 GDP expanded more than forecast and after UK July jobless claims fell more than expected. Asian stocks closed mixed: Japan +1.32%, Hong Kong closed because of Typhoon Utor, China -0.42%, Taiwan -0.44%, Australia -0.01%, Singapore +0.14%, South Korea +0.65%, India +0.72%. Commodity prices are mixed. Sep crude oil (CLU13 -0.74%) is down -0.65%, Sep gasoline (RBU13 -0.53%) is down -0.49%, Dec gold (GCZ13 +0.30%) is up +0.32%, and Sep copper (HGU13 +0.08%) is up +0.18%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.04%) is little changed, up +0.01%. EUR/USD (^EURUSD) is down -0.11% and USD/JPY (^USDJPY) is down -0.02%. September T-note prices (ZNU13 +0.02%) are up +2 ticks.
German Q2 GDP expanded at a +0.7% q/q and +0.5% y/y pace, stronger than expectations of +0.6% q/q and +0.2% y/y.
Eurozone Q2 GDP grew +0.3% q/q and fell -0.7% y/y, better than expectations of +0.2% q/q and -0.8% y/y.
Sovereign borrowing costs have fallen throughout the Eurozone as Italy's 10-year yield premium over benchmark German bunds shrank to 237 bp and Spain's 10-year yield premium over bunds shrank to 265 bp, both at their lowest levels in 2 years.
UK July jobless claims fell -29,200, nearly double expectations of -15,000, while Jun was revised up to show a -29,400 decrease in jobless claims, the biggest decline in 3-years and more than the originally reported -21,200. The July claimant count rate unexpectedly fell -0.1 to 4.3%, the lowest in 4-1/3 years and better than expectations of unchanged at 4.4%.
UK employment in the 3-months through Jun rose +69,000 to a record 29.8 million, while the unemployment rate in the 3-moths through June remained unchanged at 7.8%
UK Jun average weekly earnings rose +2.1% 3-month/year-over-year, a bigger increase than expectations of +2.0% 3-month/year-over-year and the most in 1-3/4 years. Jun average earnings ex-bonus rose +1.1% 3-month/year=over=year, right on expectations.
U.S. STOCK PREVIEW
Today’s July PPI report is expected to ease slightly to +2.4% y/y from +2.5% in June. Meanwhile, today’s July core PPI is expected to fall to +1.3% y/y from +1.7% in June, illustrating continued disinflation pressures. There are 5 of the S&P 500 companies that report earnings today: Deere (consensus $2.18), Macy's (0.78), Agilent Technologies (0.62), Cisco Technologies (0.62), Cisco (0.51), NetApp (0.49).
Conferences during the remainder of this week include: Jefferies Global Industrials Conference on Mon-Thu, EnerCom The Oil & Gas Conference on Mon-Wed, Oppenheimer Technology, Internet & Communications Conference on Tue-Wed, JP Morgan Auto Conference on Tue-Wed, J.P. Morgan Auto Conference on Tue-Wed, Jefferies Global Clean Technology Conference on Tue-Wed, Avondale 2013 Healthcare Conference on Wed, and Canaccord Genuity Growth Conference on Wed.
OVERNIGHT U.S. STOCK MOVERS
Aeropostale (ARO -0.53%) was downgraded to "Underweight" from "Hold" at KeyBanc.
Transocean (RIG -0.21%) was downgraded to "Neutral" from "Strong Buy" at ISI Group.
Deere & Co. (DE +0.64%) reported Q3 EPS of $2.56, stronger than consensus of $2.18.
US Airways (LCC -13.07%) and Delta Air Lines (DAL) were both downgraded to "Neutral" from "Overweight" at JPMorgan.
United Microelectronics (UMC +0.50%) was downgraded to "Sell" from "Neutral" at Goldman.
Citigroup upgraded (SINA +3.17%) to "Buy" from "Sell" and raised its price target for the stock to $96 from $35.
Towers Watson (TW +0.52%) reported Q4 adjusted EPS of $1.36, better than consensus of $1.27.
CNBC said David Tepper added 7 million shares of Goodyear Tire (GT -0.88%) to his holdings, which now stand at 22 million shares, making Tepper the largest shareholder of Goodyear Tire.
JDSU (JDSU unch) dropped over 1% in European trading after it lowered its Q1 revenue estimate to $410 million-$430 million, lower than consensus $432.79 million.
SeaWorld (SEAS -0.41%) reported Q2 adjusted EPS of 41 cents, well below consensus of 51 cents, and cut its fiscal 2013 revenue estimate to 1.45 billion-$1.48 billion, below consensus $1.5 billion.
Cree (CREE +1.35%) fell 15% in after-hours trading after it cut its Q1 revenue estimate to $380 million-$400 million, below consensus of $398.4 million, and said its sees Q1 EPS of 36 cents-41 cents, also below consensus of 43 cents.
PennyMac (PMT -1.57%) files to sell 11.3 million shares of common stock.
Brocade (BRCD +1.02%) jumped 15% in after-hours trading after it reported Q3 adjusted EPS of 19 cents, stronger than consensus of 12 cents.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 -0.15%) this morning are down -2.25 points (-0.13%). The S&P 500 index on Tuesday closed higher on positive factors including (1) carry-over support from a rally in European stocks after German Aug ZEW investor sentiment climbed +5.7 points to a 5-month high of 42.0, and (2) signs the economy is expanding moderately after U.S. July retail sales increased close to market estimates (0.2% and +0.5% ex autos, close to expectations of +0.3% and +0.4% ex autos). Gains remain limited on expectations the Fed will soon begin to taper its stimulus. Closes: S&P 500 +0.28%, Dow Jones +0.20%, Nasdaq 100 +0.48%.
Sep 10-year T-notes (ZNU13 +0.02%) this morning are up +2 ticks. Sep 10-year T-note prices on Tuesday fell sharply to a 1-week low and closed lower after U.S. retail sales increased near expectations, which fueled speculation the economy is strong enough for the Fed to begin reducing its bond buying. Closes: TYU3 -29.5, FVU3 -14.75.
The dollar index (DXY00 +0.04%) this morning is up +0.006 (+0.01%). EUR/USD (^EURUSD) is down -0.0015 (-0.11%) and USD/JPY (^USDJPY) is down -0.02 (-0.02%). The dollar index on Tuesday closed higher after U.S. July retail sales increased for a fourth month, which bolstered expectations that the Fed will soon taper its dollar-negative QE3 program. EUR/USD slipped to a 1-week low after Eurozone Jun industrial production rose +0.7% m/m, weaker than expectations of +1.0% m/m. Closes: Dollar index +0.435 (+0.53%), EUR/USD -0.00377 (-0.28%), USD/JPY +1.298 (+1.34%).
Sep WTI crude oil (CLU13 -0.74%) this morning is down -0.69 (-0.65%) and Sep gasoline (RBU13 -0.53%) is down -0.0145 (-0.49%). Sep crude oil and gasoline prices on Tuesday closed higher as stronger-than-expected German Aug ZEW investor sentiment and expectations for weekly EIA crude inventories to decline on Wednesday offset the bearish factors of a stronger dollar and concern the Fed may be close to tapering QE3. Closes: CLU3 +0.72 (+0.68%), RBU3 +0.0337 (+1.16%).
GLOBAL EVENT CALENDAR08/14/2013
US0700 ETWeekly MBA mortgage applications, previous +0.2% with purchase sub-index +0.7% and refi sub-index -0.1%.
0830 ETJuly PPI expected +0.3% m/m and +2.4% y/y, Jun +0.8% m/m and +2.5% y/y. July PPI ex food & energy expected +0.2% m/m and +1.3% y/y, Jun +0.2% m/m and +1.7% y/y.
1030 ETEIA Weekly Petroleum Status Report.
1320 ETSt. Louis Fed President James Bullard speaks at the Paducah Convention Center on Challenges with Monetary Policy in Paducah, Kentucky.
GER0200 ETGerman Q2 GDP expected +0.6% q/q and +0.2% y/y, Q1 +0.1% q/q and -0.2% y/y.
UK0430 ETMinutes of the July 31-Aug 1 BOE policy meeting.
0430 ETUK July jobless claims change expected -15,000, Jun -21,200. July claimant count rate expected unch at 4.4%, Jun 4.4%.
0430 ETUK Jun ILO unemployment rate expected 7.8% 3-months, May 7.8% 3-months.
0430 ETUK Jun avg weekly earnings expected +2.0% 3-mo/year-over-year, May +1.7% 3-mo/year-over-year. Jun weekly earnings ex-bonus expected +1.1% 3-mo/year-over-year, May +1.0% 3-mo/year-over-year.
EUR0500 ETEurozone Q2 GDP expected +0.2% q/q and -0.8% y/y, Q1 -0.2% q/q and -1.1% y/y.
U.S. STOCK CALENDAR08/14/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Charles Schwab Corp/TheSCHW USBef-mktJuly 2013 Sales and Revenue Release - Activity Report2013
Deere & CoDE USBef-mktQ3 2013 Earnings ReleaseQ3 20132.175
Macy's IncM US8:00Q2 2014 Earnings ReleaseQ2 20140.782
Deere & CoDE US10:00Q3 2013 Earnings CallQ3 2013
Macy's IncM US10:30Q2 2014 Earnings CallQ2 2014
NetApp IncNTAP USAft-mktQ1 2014 Earnings ReleaseQ1 20140.492
Progressive Corp/ThePGR USJuly 2013 Sales and Revenue Release2013
Stericycle IncSRCL USInvestor MeetingY 2013
Xilinx IncXLNX USAnnual General Meeting

Tuesday, August 13, 2013

Michael Kors - Barchart's Chart of the Day

Summary:

Michael Kors (KORS) is the Chart of the Day.  The world wide fashion company is on a roll and up over 71.57% in the last year.

Article:

The Chart of the Day is Michael Kors (KORS).  I found the stock when I sorted the New High List for frequency.  The stock is up 42.39% year to date and has a Weighted Alpha of 47.90+.

They are a global accessories, footwear and apparel company. They offer two primary collections: the Michael Kors luxury collection and the MICHAEL - Michael Kors accessible luxury collection. They also offer select footwear and outerwear through their KORS  - Michael Kors accessible luxury collection. They operate their business in three segments-retail, wholesale and licensing-and have a global distribution network focused on company-operated retail stores, leading department stores, specialty stores and select licensing partners.



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 13.85% in the last month
  • Relative Strength Index 75.69%
  • Barchart computes a technical support level at 70.99
  • Recently traded at 72.64 with a 50 day moving average of 63.73
Fundamental factors:
  • Market Cap $14.70 billion
  • P/E 32.17
  • Revenue projected to grow 35.60% this year and another 24.40% next year
  • Earnings estimated to increase 39.60% this year, an additional 22.50% next year and continue to increase by 26.53% annually for the next 5 years
  • 20 Wall Street analysts from 18 firms issued 10 strong buy, 6 buy, 3 hold and an under perform recommendation for their clients
  • Financial Strength is A
The stock still seems to have steam left but make sure the price doesn't get too far ahead of its earnings.  Watch the 50 day moving average to gauge sign of weakness.

Accelerate Diagnostics sell signals

Today I entered a sell order for Accelerate Diagnostics (AXDX) in the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:
  • 56% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 17.20% off its 1 year high
  • Relative Strength Index 39.72%


SAIA sell signals

Today I placed a sell order for Saia (SAIA) in the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:

  • 64% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 16.90% below its 1 year high
  • Relative Strength Index 41.07%

5 Mid Cap Gems

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stock hitting the most frequent new high, had the best technical indicators and had great charts.  The list includes Deluxe Corp (DLX), Scientific Games (GSMS), Valley National Bancorp (VLY), Under Armour (UA) and Intersil (ISIL):

Deluxe Corp (DLX)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 14.26% in the last month
  • Relative Strength Index 79.63%
  • Barchart computes a technical support level at 41.85
  • Recently traded at 42.86 with a 50 day moving average of 37.64


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and100 day moving averages
  • 16 new highs and up 14.06% in the last month
  • Relative Strength Index 71.44%
  • Barchart computes a technical support level at 13.89
  • Recently traded at 14.36 with a 50 day moving average of 12.38


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 9.61% in the last month
  • Relative Strength Index 68.92%
  • Barchart computes a technical support level at 10.33
  • Recently traded at 10.61 with a 50 day moving average of 9.68


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 32.10% in the last month
  • Relative Strength Index 78.96%
  • Barchart computes a technical support level at 71.38
  • Recently traded at 73.92 with a 50 day moving average of 62.54
Intersil (ISIL)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 32.10% in the last month
  • Relative Strength Index 89.54%
  • Barchart computes a technical support level at 10.78
  • Recently traded at 11.03 with a 50 day moving average of 8.57












Barchart Morning Call 8/13

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 +0.22%) this morning are up +0.28% and European stocks are up +0.34%. Asian stocks closed higher: Japan +2.57%, Hong Kong +1.21%, China +0.27%, Taiwan +1.05%, Australia +0.96%, Singapore +0.37%, South Korea +1.81%, India +1.49%. European and U.S. stocks received a boost after German investor confidence increased more than forecast to its best level in 5 months, while Japanese stocks closed higher after the Nikkei newspaper reported that unidentified government officials said Japanese Prime Minister Abe is considering a corporate-tax cut for companies. Commodity prices are mostly higher. Sep crude oil (CLU13 +0.24%) is up +0.56%, Sep gasoline (RBU13 +0.60%) is up +0.63%, Dec gold (GCZ13 -0.61%) is down -0.58%, and Sep copper (HGU13 +0.53%) is up +0.92% at a 2-month high. Agricultural and livestock prices are higher. The dollar index (DXY00 +0.33%) is up +0.31. EUR/USD (^EURUSD) is down -0.05% and USD/JPY (^USDJPY) is up +1.20%. September T-note prices (ZNU13 -0.36%) are down -13 ticks at a 1-week low on expectations for a strong U.S. July retail sales report today.
The German Aug ZEW survey expectations rose +5.7 from July to 42.0, better than expectations of +3.6 to 39.9 and its best level in 5 months. The Aug ZEW current situation survey climbed +7.6 from July to 18.3, better than expectations of +1.4 to 12.0 and its best level in 18 months.
The German July wholesale price index fell -0.3% m/m, its fifth consecutive monthly decline, and was unch y/y.
Eurozone Jun industrial production rose +0.7% m/m, weaker than expectations of +1.0% m/m, but gained +0.3% y/y, right on expectations.
UK July CPI was unch m/m and +2.8% y/y, right on expectations, while July core CPI rose +2.0% y/y, a smaller increase than expectations of +2.2% y/y and matched its smallest year-over-year gain in 3-1/2 years.
UK PPI input prices rose +1.1% m/m, right on expectations, and rose +5.0% y/y, a smaller increase than expectations of +5.5% y/y. July PPI output prices rose +0.2% m/m and +2.1% y/y, right on expectations.
Japan Jun machine orders fell -2.7% m/m and rose +4.9 y/y, stronger than expectations of -7.0% m/m and +2.6% y/y.
U.S. STOCK PREVIEW
Today’s July retail sales report is expected to show a modest increase of +0.3% overall and +0.4% ex-autos following the June report of +0.4% and unchanged ex-autos. Today’s July import price index is expected to show a strong increase of +0.8% m/m, more than offsetting the -0.2% decline seen in June. On a year-on-year basis, July import prices are expected to improve to +1.5% y/y from +0.2% in June. Today’s June business inventories report is expected to show a small increase of +0.2%, adding to the +0.1% increase seen in May. There is only one S&P 500 company that reports earnings today: JDS Uniphase (consensus $0.13).
Conferences during the remainder of this week include: Pacific Crest Global Technology Leadership Forum on Mon-Tue, Jefferies Global Industrials Conference on Mon-Thu, EnerCom The Oil & Gas Conference on Mon-Wed, Needham Advanced Industrial Technologies Conference on Tue, UBS Metals & Materials Mini Conference on Tue, Wedbush Life Sciences Management Access Conference on Tue, Oppenheimer Technology, Internet & Communications Conference on Tue-Wed, JP Morgan Auto Conference on Tue-Wed, J.P. Morgan Auto Conference on Tue-Wed, Jefferies Global Clean Technology Conference on Tue-Wed, Avondale 2013 Healthcare Conference on Wed, and Canaccord Genuity Growth Conference on Wed.
OVERNIGHT U.S. STOCK MOVERS
Flowers Foods (FLO +0.04%) reported Q2 adjusted EPS of 24 cents, better than consensus of 23 cents.
J.C. Penney (JCP +2.33%) says Bill Ackman has resigned from board.
Valspar (VAL +1.22%) reported Q3 adjusted EPS of $1.07, weaker than consensus of $1.09, and then lowered guidance on fiscal 2013 EPS view to $3.45-$3.55, below consensus of $3.70.
Marvell (MRVL +0.08%) was upgraded to "Top Pick" from "Outperform" at RBC Capital.
Microsoft (MSFT +0.52%) was downgraded to "Hold" from "Buy" at Stifel.
Xerox (XRX +1.20%) was upgraded to "Buy" from "Neutral" at Citigroup.
Global Brass & Copper (BRSS +0.10%) reported Q2 adjusted EPS of 75 cents, better than consensus of 59 cents.
Lockheed Martin (LMT -0.82%) was awarded a $852.3 million government contract modification for the procurement of special tooling and special test equipment for the U.S. Navy, U.S. Air Force and international partners.
Northern Tier (NTI -1.66%) reported Q2 EPS of 70 cents, stronger than consensus of 47 cents.
The U.S. Food and Drug Administration approved Tivicay, a new drug from GlaxoSmithKline (GSK -0.41%) to treat HIV-1 infection.
Third Avenue reported a 22.78% passive stake in Cavco Industries (CVCO +1.27%) .
Yum! Brands (YUM +0.09%) fell over 3% in after-hours tradng after it reported July same-store sales declined an estimated 13% for its China Division.
Spirit AeroSystems (SPR -1.24%) reported Q2 adjusted EPS of 72 cents, well ahead of consensus of 50 cents.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 +0.22%) this morning are up +4.75 points (+0.28%). The S&P 500 index on Monday slipped to a 2-week low on signs of slower global growth after Japan Q2 GDP grew +0.6% q/q and +2.6% annualized, weaker than expectations of +0.9% q/q and +3.6% annualized. Stock prices recovered and closed little changed, however, on strong stock earnings results with 72% of the 448 S&P 500 companies that have reported Q2 earnings results beating expectations. Closes: S&P 500 -0.12%, Dow Jones -0.04%, Nasdaq 100 +0.24%.
Sep 10-year T-notes (ZNU13 -0.36%) this morning are down -13 ticks at a 1-week low. Sep 10-year T-note prices on Monday posted a 2-week high early but erased their advance and closed lower on concern that Tuesday’s U.S. July retail sales report will be strong enough to prompt the Fed to cut its bond purchases. T-note prices had rallied early on concerns over global economic growth after Japan Q2 GDP grew less than expected. Closes: TYU3 -6.0, FVU3 -2.25.
The dollar index (DXY00 +0.33%) this morning is up +0.250 (+0.31%). EUR/USD (^EURUSD) is down -0.0006 (-0.05%) and USD/JPY (^USDJPY) is up +1.16 (+1.20%). The dollar index on Monday closed higher as USD/JPY strengthened after Japan’s economy grew less than expected in Q2. Another positive for the dollar is the expectation for Tuesday’s U.S. July retail sales to show strength in consumer spending that bolsters the case for the Fed to begin tapering its stimulus. Closes: Dollar index +0.207 (+0.26%), EUR/USD -0.0042 (-0.32%), USD/JPY +0.73 (+0.76%).
Sep WTI crude oil (CLU13 +0.24%) this morning is up +59 cents (+0.56%) and Sep gasoline (RBU13 +0.60%) is up +1.83 cents (+0.63%). Sep crude oil and gasoline prices on Monday closed little changed. Negative factors included a stronger dollar and weaker-than-expected Japan Q2 GDP. Supportive factors include a recovery in equity prices and supply concerns after the 8,000 barrel a day Ekofisk oil field in the North Sea was closed due to mechanical problems. Closes: CLU3 +2.63 (+2.54%), RBU3 +0.0512 (+1.79%).
GLOBAL EVENT CALENDAR08/13/2013
US0830 ETJuly retail sales expected +0.3% and +0.4% ex autos, Jun +0.4% and unch ex autos.
0830 ETJuly import price index expected +0.8% m/m and +1.5% y/y, Jun -0.2% m/m and +0.2% y/y.
1000 ETJun business inventories expected +0.2%, May +0.1%.
1245 ETAtlanta Fed President Dennis Lockhart speaks at the Kiwanis Club of Atlanta on the economic outlook.
1630 ETAPI weekly U.S. oil statistics.
GER0200 ETRevised German July CPI (EU harmonized), previous +0.4% m/m and +1.9% y/y.
0200 ETGerman July wholesale price index, Jun -0.4% m/m and +0.7% y/y.
0500 ETGerman Aug ZEW survey of economic sentiment expected +3.6 to 39.9, July 36.3. Aug ZEW current situation expected +1.4 to 12.0, July 10.6.
UK0430 ETUK July PPI input prices expected +1.4% m/m and +5.6% y/y, Jun +0.2% m/m and +4.2% y/y.
0430 ETUK July PPI output prices expected +0.2% m/m and +2.1% y/y, Jun +0.1% m/m and +2.0% y/y. July PPI output core, Jun unch m/m an +1.0% y/y.
0430 ETUK July CPI expected unch m/m and +2.8% y/y, Jun -0.2% m/m and +2.9% y/y. UK July core CPI expected +2.2% y/y, Jun +2.3% y/y.
0430 ETUK July RPI expected unch m/m and +3.2% y/y, Jun -0.1% m/m and +3.3% y/y. July RPI ex mortgage interest payments expected +3.1% y/y, Jun +3.3% y/y.
EUR0500 ETEurozone Jun industrial production expected +1.0% m/m and +0.3% y/y, May -0.3% m/m and -1.3% y/y.
U.S. STOCK CALENDAR08/13/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
CST Brands IncCST USBef-mktQ2 2013 Earnings ReleaseQ2 20130.653
Valspar Corp/TheVAL US7:30Q3 2013 Earnings ReleaseQ3 20131.091
IHS IncIHS US8:00Acquisition of R.L. Polk & Co by IHS Inc Call
Flowers Foods IncFLO US8:30Q2 2013 Earnings CallQ2 2013
Valspar Corp/TheVAL US11:00Q3 2013 Earnings CallQ3 2013
CST Brands IncCST US11:00Q2 2013 Earnings CallQ2 2013
Cree IncCREE US16:00Q4 2013 Earnings ReleaseQ4 20130.375
Taylor Morrison Home CorpTMHC US16:01Q2 2013 Earnings ReleaseQ2 20130.321
SeaWorld Entertainment IncSEAS US16:01Q2 2013 Earnings ReleaseQ2 20130.41
JDS Uniphase CorpJDSU US16:05Q4 2013 Earnings ReleaseQ4 20130.131
Myriad Genetics IncMYGN US16:05Q4 2013 Earnings ReleaseQ4 20130.438
Myriad Genetics IncMYGN US16:30Q4 2013 Earnings CallQ4 2013
Taylor Morrison Home CorpTMHC US16:30Q2 2013 Earnings CallQ2 2013
Cree IncCREE US17:00Q4 2013 Earnings CallQ4 2013
JDS Uniphase CorpJDSU US17:00Q4 2013 Earnings CallQ4 2013
SeaWorld Entertainment IncSEAS US17:00Q2 2013 Earnings CallQ2 2013
Brocade Communications Systems IncBRCD US17:30Q3 2013 Earnings CallQ3 2013
Jack Henry & Associates IncJKHY USAft-mktQ4 2013 Earnings ReleaseQ4 20130.513
Brocade Communications Systems IncBRCD USAft-mktQ3 2013 Earnings ReleaseQ3 20130.12
Computer Sciences CorpCSC USAnnual General Meeting
Equifax IncEFX USInvestor MeetingY 2013
Humana IncHUM USInvestor MeetingY 2013
Precision Castparts CorpPCP USAnnual General Meeting
Flowers Foods IncFLO USQ2 2013 Earnings ReleaseQ2 20130.234