Friday, September 6, 2013

Greenway Medical Technologies Chart of the Day

Summary:

Greenway Medical Technologies (GWAY) is the Chart of the Day.  The medical information technology company began advancing on 7/12 at a low of 10.30 and since then is up over 55.34%.

Article:

The Chart of the Day is Greenway Medical Technologies (GWAY).  After tanking earlier in the year the price reversed from a low of 10.30 on 7/12 and since has gained 55.34%.  I found the stock by sorting the New High List for frequency then used the flipchart feature to review the charts.

It provides integrated information technology solutions and managed business services to ambulatory healthcare providers throughout the United States. The Company's products integrate clinical, financial and administrative data in a single database to enable comprehensive views of the patient record.


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:

  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 36.75% in the last month
  • Relative Strength Index 87.52%
  • Barchart computes a technical support level at 13.90
  • Recently traded at 15.95 with a 50 day moving average of 12.23
Fundamental factors:
  • Market Cap $474.51 million
  • Revenue projected to grow 8.00% this year and another 15.20% next year
  • Earnings estimated to increase 60.00% this year, an additional 750.00% next year and continue to increase at an annual rate of 21.50% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 1 buy, 6 hold and an under perform recommendation
Please follow the 50 day moving average on this one and bail on weakness

5 Strong Small Caps

Each day I try to find for you 5 stocks from different indices that seem to have strong technical indicators and charts.  Today list comes form using Barchart to sort the S&P 600 Small Cap Index for the stocks that had the most frequent advances in the last 20 trading session and then using the flipchart feature, pan through the chart to find stocks with the attributes that appeal to me.

Today's list includes Pinnacle Entertainment (PNK), Akorn (AKRX), Gulfport Energy (GPOR), Healthways (HWAY) and Stamps.Com (STMP):

Pinnacle Entertainment (PNK)


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 14.93% in the last month
  • Relative Strength Index 78.56%
  • Barchart computes a technical support level at 24.13
  • Recently traded at 24.73 with a 50 day moving average of 21.57
Akorn (AKRX)


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 22.32% in the last month
  • Relative Strength Index 79.88%
  • Barchart computes a technical support level at 18.34
  • Recently traded at 18.47 with a 50 day moving average of 15.25


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 10.35% in the last month
  • Relative Strength Index 75.52%
  • Barchart computes a technical support level at 60.22
  • Recently traded at 61.40 with a 50 day moving average of 53.29
Healthways (HWAY)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 18.05% in the last month
  • Relative Strength Index 73.78%
  • Barchart computes a technical support level at 19.41
  • Recently traded at 20.62 with a 50 day moving average of 17.71
Stamps.Com (STMP)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 10.02% in the last month
  • Relative Strength Index 68.45%
  • Barchart computes a technical support level at 42.49
  • Recently traded at 44.34 with a 50 day moving average of 40.92











Barchart Morning Call 9/6

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 +0.17%) this morning are unchanged and European stocks are up +0.01% as the markets await the U.S. Aug payrolls report later this morning. Asian stocks closed mixed: Japan -1.45%, Hong Kong +0.10%, China +0.68%, Taiwan -0.06%, Australia +0.05%, Singapore +0.29%, South Korea +0.25%, India +1.53%. Gains in European stocks were muted after German industrial output in July fell by the most in 15-months and after German exports in July declined. Commodity prices are mixed. Oct crude oil (CLV13 +0.37%) is up +0.18% and Oct gasoline (RBV13 +0.28%) is down -0.08%. Dec gold (GCZ13 -0.27%) is down -0.52% and Dec copper (HGZ13 +1.05%) is up +0.83%. Agricultural and livestock prices are mixed. The dollar index (DXY00 -0.11%) is down -0.04%. EUR/USD (^EURUSD) is down -0.11%% at a 7-week low after an unexpected decline in German July exports and weaker-than-expected German industrial production undercut the euro. USD/JPY (^USDJPY) is down -0.39%. December T-note prices (ZNZ13 +0.18%) are up +4.5 ticks.
The German July trade balance shrank to a +16.1 billion euro surplus from a revised +17.0 billion euro surplus in June, narrower than expectations of a +16.5 billion euro surplus. July exports unexpectedly declined -1.1% m/m, weaker than expectations of a +0.7% m/m increase. July imports rose +0.5% m/m, weaker than expectations of +0.7% m/m.
German July industrial production fell -1.7% m/m and -2.2% y/y, weaker than expectations of -0.5% m/m and +0.9% y/y with the -1.7% m/m decline the biggest monthly drop in 15-months.
German Q2 labor costs were unch q/q and up +1.8% y/y, lower than the revised Q1 increase of +1.0% q/q and +3.7% y/y.
UK July industrial production was unch m/m and -1.6% y/y, slightly weaker than expectations of +0.2% m/m and -1.7% y/y.
UK July manufacturing production rose +0.2% m/m and fell -0.7% y/y, right on expectations.
The Japan July leading index CI rose +0.6 from June to 107.8, slightly weaker than expectations of +0.7 to 107.9. The July coincident index rose +0.9 to 106.4, weaker than expectations of +1.4 to 106.9.
U.S. STOCK PREVIEW
Today’s Aug non-farm payroll report is expected to show a respectable increase of +180,000, which would be an improvement from July’s report of +162,000.  Meanwhile, today’s Aug unemployment rate is expected to be unchanged from July’s 4-3/4 year low of 7.4%.  There is only one of the Russell 1000 companies that reports earnings today:  Smithfield Foods (consensus $0.47).
OVERNIGHT U.S. STOCK MOVERS
Bloomberg reports that memory chip prices have jumped +19% after SK Hynix, the firm that makes almost one-third of the world's DRAM chips, suspended operations in China after a factory fire two days ago.
eBay (EBAY +0.97%) was upgraded to "Outperform" from "Neutral" at RW Baird.
Constellation Brands (STZ +0.91%) was upgraded to "Buy" from "Neutral" at BofA/Merrill.
Five Below (FIVE +2.84%) was upgraded to "Buy" from "Neutral" at UBS who also raised their price target on the stock tp $45 from $39.
Stryker (SYK +0.77%) was upgraded to "Outperform" from "Neutral" at Credit Suisse.
Smith & Wesson (SWHC +3.52%) fell over 4% in after-hours trading after it reported Q1 EPS of 40 cents, stronger than consensus of 36 cents, but then gave guidance on Q2 EPS of 20 to 22 cents, below consensus of 29 cents.
M&T Bank (MTB +0.34%) was downgraded to "Neutral" from "Outperform" at Credit Suisse.
VeriFone (PAY +2.17%) rose over 5% in after-hours trading after it reported Q3 EPS of 24 cents, stronger than consensus of 20 cents.
Cooper Companies (COO -0.08%) reported Q3 EPS of $1.74, better than consensus of $1.72, and raised its guidance on fiscal 2013 EPS to $6.23-$6.28 from $6.15-$6.25, stronger than consensus of $6.22.
Gap (GPS -0.39%) reported that its August net same-store sales were up 2% y/y.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 +0.17%) this morning are unchanged. The S&P 500 index on Thursday climbed to a 1-week high and settled slightly higher as stronger-than-expected data bolstered the economic outlook. Weekly jobless claims fell -9,000 to just above a 5-year low and the Aug ISM non-manufacturing index unexpectedly climbed +2.6 to a 7-1/2 year high of 58.6, better than expectations of a -1.0 point decline to 55.0. Gains were muted by ongoing Syrian concerns along with a jump in the 10-year T-note yield to a 2-year high of 2.98%. Closes: S&P 500 +0.12%, Dow Jones +0.04%, Nasdaq 100 +0.17%.
Dec 10-year T-notes (ZNZ13 +0.18%) this morning are up +4.5 ticks. Dec 10-year T-note prices on Thursday tumbled to a contract low and the 10-year T-note yield rose to a 2-year high of 2.98% after a bigger decline in weekly jobless claims and a surge in the Aug ISM non-manufacturing index to a 7-1/2 year high heightened speculation the Fed will cut its bond purchases at the Sep 17-18 FOMC meeting. Closes: TYZ3 -22.00, FVZ3 -16.00.
The dollar index (DXY00 -0.11%) this morning is down -0.032 (-0.04%). EUR/USD (^EURUSD) is down -0.0014 (-0.11%) at a 7-week low and USD/JPY (^USDJPY) is down -0.39 (-0.39%). The dollar index on Thursday climbed to a 7-week high and closed higher. Bullish factors included (1) increased prospects for the Fed to taper QE3 in 2 weeks after the Aug ISM non-manufacturing index rose to its best level in 7-1/2 years, and (2) the slide in EUR/USD to a 7-week low after ECB President Draghi said officials discussed a cut in interest rates at Thursday’s policy meeting to stem a rise in market rates. Closes: Dollar index +0.464 (+0.56%), EUR/USD -0.00867 (-0.66%), USD/JPY +0.358 (+0.36%).
Oct WTI crude oil (CLV13 +0.37%) this morning is up +20 cents (+0.18%) and Oct gasoline (RBV13 +0.28%) is down -0.0023 (-0.08%). Oct crude oil and gasoline prices on Thursday settled mixed. Crude prices rallied after weekly EIA data showed crude oil stockpiles at Cushing, OK, the delivery point for WTI futures, fell sharply by -1.8 million bbls to a 17-month low of 34.759 million bbl. Oct gasoline fell to a 2-week low on speculation that supplies are adequate as gasoline demand is expected to fall with the end of the summer driving season. Closes: CLV3 +1.14 (+1.06%), RBV3 -0.0283 (-0.99%).
GLOBAL EVENT CALENDAR09/06/2013
US0800 ETChicago Fed President Charles Evans speaks at the AgFirst Farm Credit Bank 2013 Summit.
0830 ETAug non-farm payrolls expected +180,000, July +162,000. Aug private payrolls expected +180,000, July +161,000. Aug manufacturing payrolls expected +5,000, July +6,000. Aug unemployment rate expected unch at 7.4%, July -0.2 to 7.4%.
0830 ETAug avg hourly earnings expected +0.2% m/m, July -0.1% m/m and +1.9% y/y. Aug avg weekly hours expected +0.1 to 34.5 hours, July 34.4 hours.
0830 ETUSDA weekly Export Sales.
1330 ETKansas City Fed President Esther George speaks on the economy at the Kansas City Feds Business Leaders Luncheon.
JPN0100 ETJapan July leading index CI expected +0.7 to 107.9, Jun 107.2. July coincident index expected +1.4 to 106.9, Jun 105.5.
0100 ETBOJ monthly economic report for September.
GER0200 ETGerman July current account balance expected +14.0 billion euros, Jun +17.3 billion euros.
0200 ETGerman July trade balance expected +16.5 billion euros, Jun +16.9 billion euros. July exports expected +0.7%, Jun +0.7% m/m. July imports expected +0.7%, Jun -1.0% m/m.
0200 ETGerman Q2 labor costs, Q1 +1.1% q/q and +3.9% y/y.
0600 ETGerman July industrial production expected -0.5% m/m and +0.9% y/y, Jun +2.4% m/m and +2.0% y/y.
UK0430 ETUK Jul industrial production expected +0.2% m/m and -1.7% y/y, Jun +1.1% m/m and +1.2% y/y.
0430 ETUK July manufacturing production expected +0.1% m/m and -0.7% y/y, Jun+1.9% m/m and +2.0% y/y.
0430 ETUK Aug BOE/GfK inflation expectations survey for next 12-months, May +3.6%.
U.S. STOCK CALENDAR09/06/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Smithfield Foods IncSFD USBef-mktQ1 2014 Earnings ReleaseQ1 20140.47
Timken CoTKR US10:00Steel Business Spin-off Call
Yum! Brands IncYUM USAft-mktAugust 2013 Sales and Revenue Release-China Division

Thursday, September 5, 2013

Navios Maritime Holdings - Chart of the Day

Summary:

Navios Maritime Holdings (NM) is the Chart of the Day. The seaborne shipping and logistics company is up over 111.96% in the last 12 months.  The stock has both a Trend Spotter buy signal and 100% technical buy signals.

Article:

The Chart of the Day is Navios Maritime Holdings (NM).  The stock was right near the top of the New High List after sorting for frequency.  In the last 6 months the stock advance in 30 session for a gain of 69.36%.

It is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region.



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
  • 12 new highs and up 20.38% in the last month
  • Relative Strength Index 66.70%
  • Barchart computes a technical support level at 6.52
  • Recently traded at 6.91 with a 50 day moving average of 5.82
Fundamental factors:
  • Market Cap $713.39 million
  • Revenue projected to grow 7.60% next year
  • Earnings estimated to increase 125.60% next year and continue to increase annually at the rate of 16.00% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 1 buy and 1 hold recommendation
Because this is an earnings turnaround situation watch the moving averages for signals of weakness.

Only 3 Mid Cap stocks

Ok before you all start complaining that I always give you at least 5 stock picks let me just say that Mid Caps are having a hard time so today there will only be 3.  They are Skyworks Solutions (SWKS), Under Armour (UA) and Cooper Companies (COO).

Before we get into those 3 stocks let's look at the S&P 400 Mid Cap Index as if it were a stock so you can see why I'm not keen on the Mid Caps this week.  First the chart, then the technical indicators:


Barchart technical indicators:
  • 32% technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 4.95% below its 1 year high
  • Relative Strength Index 46.00%
  • Barchart computes a technical support level at 1,173.00
  • Recently traded at 1199.80 which is below its 50 day moving average of 1212.67
As you can see this is not positive momentum.  Let's look at what I consider the best 3 out of 400:



Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 5.48% in the last month
  • Relative Strength Index
  • Barchart computes a technical support level at 25.12
  • Recently traded at 26.00 with a 50 day moving average of 23.73


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 10.03% in the last month
  • Relative Strength Index 68.70%
  • Barchart computes a technical support level at 73.40
  • Recently traded at 76.22 with a 50 day moving average of 67.12


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new high and up 1.92% in the last month
  • Relative Strength Index 65.05%
  • Barchart computes a technical support level at 131.08
  • Recently traded at 132.97 with a 50 day moving average of 127.45



BNC Bancorp - sell signals

Today I deleted BNC Bancorp (BNCN) from the Barchart Van Meerten Speculative portfolio for negative price momentum and technical indicators:


Barchart technical indicators:
  • 20% short term sell signals
  • 50% mid term sell signals
  • 16% overall sell signals
  • Trend spotter sell signal
  • Below its 20 and 50 day moving averages
  • 10.35% off its 1 year high
  • Relative Strength Index 40.95%


E-Commerce China Dangdang -- sell signals

Today I deleted E-Commerce China Dangdang (DANG) from the Barchart Van Meerten New High portfolio for negative price momentum and technical indicators:


Barchart technical indicators:
  • 40% short term sell signal
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 33.92% off its 1 year high
  • Relative Strength Index 41.31%

Barchart Morning Call 9/5

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 -0.05%) this morning are down -0.2%, although European stocks are up +0.30%. Asian stocks closed mixed: Japan +0.08%, Hong Kong +1.22%, China -0.38%, Taiwan +1.06%, Australia -0.37%, Singapore +0.80%, South Korea +0.98%, India +2.22%. Stocks fluctuated over Syrian concerns, while the 10-year German bund yield rose to a 17-month high of 2.00% before today's ECB interest rate decision. Commodity prices are mixed. Oct crude oil (CLV13 +0.48%) is up +0.50% and Oct gasoline (RBV13 -0.17%) is down -0.23%. Dec gold (GCZ13 +0.40%) is up +0.40% and Dec copper (HGZ13 +0.19%) is up +0.48%. Agricultural and livestock prices are mostly lower. The dollar index (DXY00 +0.05%) is unchanged. EUR/USD (^EURUSD) is up +0.04% and USD/JPY (^USDJPY) is up +0.14% at a 6-week high as the yen weakened after BOJ Governor Kuroda said the central bank will act if a proposed tax increase undercuts the economy. December T-note prices (ZNZ13 -0.47%) are down -12 ticks as they followed German bunds lower, with the 10-year T-note yield climbing to a new 2-year high of 2.94%.
As expected, the BOE maintained its benchmark rate at 0.50% and kept its asset purchase target at 375 billion pounds.
German July factory orders fell -2.7% m/m and rose +2.0% y/y, weaker than expectations of -1.0% m/m and +2.9% y/y, although Jun factory orders were revised up to +5.0% m/m and +5.6% y/y from the originally reported +3.8% m/m and +4.3% y/y.
Minneapolis Fed President Kocherlakota, who spoke at an event late Wednesday, hinted that he does not favor cutting stimulus when he said the FOMC's "own forecasts suggest that it should be providing more stimulus to the economy, not less."
The BOJ maintained its current extraordinary monetary policy measures following a 2-day meeting today and upgraded its economic outlook when it said a "moderate recovery" is under way. BOJ Governor Kuroda hinted that the BOJ will act if a proposed sales-tax increase slows the economy when he said if the tax move has a big effect on the economy, "fiscal policy can respond and if downside risks materialize to the 2% inflation target, we will of course take appropriate steps."
In an attempt to lower long-term interest rates and strengthen the rupee, new RBI Governor Rajan announced a plan to provide concessional swaps for banks' foreign-currency deposits, a move that could potentially boost the dollar reserves of the RBI, while India's lower house of parliament tried to stem the outflow of capital from the country after it passed a bill that allows international holdings in the country's pension funds.
U.S. STOCK PREVIEW
Today’s Aug ADP employment report is expected to show an increase of +180,000, down from +200,000 in July. Today’s initial unemployment claims report is expected to show a slight decline of -1,000 to 330,000, adding to last week’s -6,000 decline to 331,000. Today’s July factory orders report is expected to show a decline of -3.4%, more than reversing the +1.5% increase seen in June. Today’s Aug ISM non-manufacturing index is expected to ease by -1.0 points to 55.0, reversing part of the +3.8 point increase to 56.0 seen in July.
There are 3 of the Russell 1000 companies that report earnings today: Cooper Companies (consensus $1.72), Forest City Enterprises (-0.02), VeriFone Systems (0.20). Conferences this week include: 18th Handelsblatt Annual Conference - Banks in Upheaval on Thu, and Scotiabank Financials Conference 2013 on Thu.
OVERNIGHT U.S. STOCK MOVERS
Sherwin-Williams (SHW +0.74%) was upgraded to "Buy" from "Neutral" at Longbow.
The NY Times reports that President Obama prefers to nominate Larry Summers as the next Fed chairman.
Lockheed Martin (LMT +0.52%) was downgraded to "Sector Perform" from "Outperform" at RBC Capital.
Newmont Mining (NEM +0.48%) was downgraded to "Equal Weight" from "Overweight" due to valuation at Barclays.
Viacom (VIAB +0.24%) was downgraded to "Neutral" from "Buy" at B. Riley.
JoS. A. Bank (JOSB +0.33%) reported Q2 EPS of 51 cents, lower than consensus of 52 cents.
Transocean (RIG +0.15%) was upgraded to "Outperform" from "Neutral" at Credit Suisse.
POZEN (POZN +1.34%) jumped jumped 13% in after-hours trading after it announced it had signed a commercialization agreement with Sanofi (SNY +0.63%) .
Greif (GEF +3.27%) reported Q3 EPS of 80 cents, below consensus of 89 cents.
Raging Capital reported a 12.5% passive stake in Standard Register (SR +17.27%) .
Starbucks (SBUX +0.75%) was initiated with an "Outperform" at Wedbush with a price target of $80.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 -0.05%) this morning are little changed, down -0.25 of a point (-0.02%). The S&P 500 index on Wednesday climbed to a 1-week high and closed higher. Stocks opened higher on signs that there will be no immediate U.S. military attack on Syria after Russian President Putin said he will only support a UN resolution for military strikes against Syria if there's conclusive proof that the Syrian government used chemical weapons on its own people. Stocks moved even higher after the Fed's Beige Book stated that the economy maintained a "modest to moderate" pace of growth. Closes: S&P 500 +0.81%, Dow Jones +0.65%, Nasdaq 100 +1.06%.
Dec 10-year T-notes (ZNZ13 -0.47%) this morning are down -12 ticks as the 10-year T-note yield overnight rose to a new 2-year high of 2.94%. Dec 10-year T-note prices on Wednesday closed lower on reduced safe-haven demand as stocks rallied and on the likelihood that the Fed will start to taper QE later this month after the Beige Book said that spending on cars and housing helped the economy maintain a "modest to moderate" pace of expansion from early July through late August, and that manufacturing expanded "modestly" and hiring "held steady or increased modestly." Closes: TYZ3 -15.00, FVZ3 -12.00.
The dollar index (DXY00 +0.05%) this morning is unch. EUR/USD (^EURUSD) is up +0.0005 (+0.04%) and USD/JPY (^USDJPY) is up +0.14 (+0.14%) at a 6-week high. The dollar index on Wednesday closed lower on reduced safe-haven demand as stocks rallied as the prospects of an immediate U.S. attack on Syria dwindled. The dollar was also undercut after the U.S trade balance widened to a deficit of -$39.1 billion, a bigger deficit than expectations of -$38.6 billion. Closes: Dollar index -0.192 (-0.23%), EUR/USD +0.00365 (+0.28%), USD/JPY +0.185 (+0.19%).
Oct WTI crude oil (CLV13 +0.48%) this morning is up +54 cents (+0.50%) and Oct gasoline (RBV13 -0.17%) is down -0.0065 (-0.23%). Oct crude oil and gasoline prices on Wednesday closed lower on signs that there will be no immediate U.S. military attack on Syria. Russian President Putin said he will only support a UN resolution for military strikes against Syria if there's conclusive proof that the Syrian government used chemical weapons on its own people. Another negative for crude prices in growing speculation the Fed will begin tapering QE later this month, which may slow economic growth and demand for commodities. Closes: CLV3 -1.31 (-1.21%), RBV3 -0.0003 (-0.01%).
GLOBAL EVENT CALENDAR09/05/2013
US0815 ETAug ADP employment change expected +180,000, July +200,000.
0830 ETWeekly initial unemployment claims expected -1,000 to 330,000, previous -6,000 to 331,000. Weekly continuing claims expected -5,000 to 2.984 million, previous -14,000 to 2.989 million.
0830 ETRevised Q2 non-farm productivity expected +1.6%, previous +0.9%. Revised Q2 unit labor costs expected +0.9%, previous +1.4%.
0900 ETMinneapolis Fed President Narayana Kocherlakota speaks at the Economic Indicator Breakfast at the University of Wisconsin Lacrosse.
1000 ETJuly factory orders expected -3.4%, Jun +1.5%.
1000 ETAug ISM non-manufacturing index expected -1.0 to 55.0, July +3.8 to 56.0.
1100 ETEIA Weekly Petroleum Status Report.
1100 ETTreasury announces amounts of 3-year T-notes (previous $32 billion), 10-year T-notes (previous $24 billion), and 30-year T-bonds (previous $16 billion) to be auctioned Sep 10-12.
n/aG-20 leaders begin a 2-day summit in St. Petersburg, Russia.
UK0430 ETUK Lloyds Aug employment confidence, July -22.
0700 ETBOE announces interest rate decision and asset purchase target (expected no change to 0.50% benchmark rate or to the 375 billion pound asset target).
GER0600 ETGerman July factory orders expected -1.0% m/m and +2.9% y/y, Jun +3.6% m/m and +4.3% y/y.
EUR0745 ETECB announces interest rate decision (expected no change to the 0.50% 2-week refinancing rate).
0830 ETECB President Draghi holds press conference following ECB meeting.
JPNn/aBOJ announces interest rate decision following 2-day meeting.
U.S. STOCK CALENDAR09/05/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Fastenal CoFAST US7:00August 2013 Sales and Revenue Release2013
L Brands IncLTD US7:30August 2013 Sales and Revenue Call2013
Theravance IncTHRX US8:30TD-4208 Phase 2b study Results Call
Stryker CorpSYK US9:00Analysts MeetingY 2013
Greif IncGEF US10:00Q3 2013 Earnings CallQ3 2013
Forest City Enterprises IncFCE/A USAft-mktQ2 2014 Earnings ReleaseQ2 2014-0.015
VeriFone Systems IncPAY USAft-mktQ3 2013 Earnings ReleaseQ3 20130.204
Gap Inc/TheGPS USAugust 2013 Sales and Revenue Release2013
L Brands IncLTD USAugust 2013 Sales and Revenue Release2013
Walgreen CoWAG USAugust 2013 Sales and Revenue Release2013
Costco Wholesale CorpCOST USAugust 2013 Sales and Revenue Release2013
AutoNation IncAN USAugust 2013 Sales and Revenue Release2013

Wednesday, September 4, 2013

Columbia Laboratories - Chart of the day

Summary:

Columbia Laboratories (CBRX) is the Chart of the Day.  The women's healthcare pharmaceutical company has recently taken off with 17 new highs and up 52.05% in the last month.

Article:

The Chart of the Day is Columbia Laboratories (CBRX).  I found the stock by sorting the New High List for frequency.  The stock languished until an analysts predicted the earning would be up 75.00% this year, then the price started to move and begin trading over 100K shares a day.

It is in the business of developing, manufacturing and selling pharmaceutical products that utilize their proprietary bioadhesive drug delivery technologies to treat various medical conditions. Their focus is developing drugs that improve treatment options for women's health, an area where they have a rich heritage and proven capabilities. Their strategy is to fund development through proof-of-concept, then partner for later-stage clinical trials and commercialization.


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 52.05% in the last month
  • Relative Strength Index 78.22%
  • Barchart computes a technical support level at 7.81
  • Recently traded at 8.15 with a 50 day moving average of 6.26
Fundamental factors:
  • Market Cap $89.32 million
  • P/E 14.30
  • Revenue predicted to grow by 2.90% this year and another 10.00% next year
  • Earnings estimated to increase 75.00% this year and another 42.90% next year
  • A Wall Street analysts recommends a buy
  • Financial Strength is a C++
This stock has a small cap and a large volume.  Do not buy and put it on a shelf but watch the 50 day moving average and Relative Strength Index closely.


5 Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stock with the most frequent new high coupled with great technical indicators and charts.  The list includes Netflix (NFLX), Best Buy (BBY), National-Oilwell (NOV), Halliburton (HAL) and Cigna (CI):

Netflix (NFLX)


Barchart technical indicators:
  • 96% Barchart techncial buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 18.89% in the last month
  • Relative Strength Index 69.67%
  • Barchart computes a techncial support level at 281.93
  • Recently traded at 292.40 with a 50 day moving average of 253.19
Best Buy (BBY)


Brahcrat 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 18.91% in the last month
  • Relative Strength Index 71.38%
  • Barchart computes a technical support level at 36.25
  • Recently traded at 37.15 with a 50 day moving average of 30.98
National-Oilwell (NOV)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 5.59% in the last month
  • Relative Strength Index 90.45%
  • Barchart computes a technical support level at 74.32
  • Recently traded at 76.35 with a 50 day moving average of 72.17
Halliburton (HAL)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 5.85% in the last month
  • Relative Strength Index 65.96%
  • Barchart computes a technical support level at 47.71
  • Recently traded at 49.11 with a 50 day moving average of 45.51
Cigna (CI)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 3.87% in the last month
  • Relative Strength Index 63.91%
  • Barchart computes a technical support level at 78.27
  • Recently traded at 80.22 with a 50 day moving average of 76.77










Barchart Morning Call 9/4

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 unch) this morning are down -0.02% and European stocks are down -0.71%. Asian stocks closed mixed: Japan +0.54%, Hong Kong -0.31%, China -0.16%, Taiwan -0.06%, Australia -0.67%, Singapore -1.29%, South Korea +0.04%, India +1.83%. U.S. and European stocks are under pressure amid concern the U.S. is closer to a military strike against Syria. The U.S. Senate Foreign Relations Committee is due today to vote on a resolution that sets a 90-day limit on military action against Syria. Commodity prices are mostly lower. Oct crude oil (CLV13 -0.41%) is down -0.61% after Russia raised objections to military action against Syria, which further clouds the prospects for an attack, when Russian President Putin said he will only support a UN resolution for military strikes if there's conclusive proof the Syrian government used chemical weapons. Oct gasoline (RBV13 -0.36%) is down -0.48%. Dec gold (GCZ13 -0.59%) is down -0.63% and Dec copper (HGZ13 -1.56%) is down -1.69%. Agricultural and livestock prices are mixed. The dollar index (DXY00 -0.11%) is down -0.15%. EUR/USD (^EURUSD) is up +0.09% and USD/JPY (^USDJPY) is down -0.10%. December T-note prices (ZNZ13 -0.16%) are down -6.5 ticks.
China's Aug HSBC services PMI rose +1.5 points from July to 52.8, its fastest pace of expansion in 5-months.
Eurozone Q2 GDP was revised slightly higher to +0.3% q/q and -0.5% y/y from the originally reported +0.3% q/q and -0.7% y/y.
Eurozone Aug PMI composite was revised lower to 51.5 from the originally reported 51.7.
Eurozone July retail sales rose +0.1% m/m and fell -1.3% y/y, weaker than expectations of +0.2% m/m and -0.3% y/y, while Jun retail sales were revised lower to -0.7% m/m and -1.1% y/y from the originally reported -0.5% m/m and -0.9% y/y.
UK Aug PMI services unexpectedly rose +0.3 from July to 60.5, stronger than expectations of a -0.5 point decline to 59.7 and the fastest pace of expansion in 6-1/2 years.
The UK Aug BRC Nielsen shop price index all items fell -0.5% y/y, the fourth consecutive month of declines, the most since data for the series began in 2006.
U.S. STOCK PREVIEW
Today’s July U.S. trade deficit report is expected to widen moderately to -$38.7 billion from -$34.2 billion in June. However, even after today’s expected widening of the trade deficit to -$38.7 billion, the deficit will still be much narrower than the -$44.1 billion level seen in May. The Fed today will release its Beige Book report ahead of the FOMC meeting in two weeks on Sep 17-18. The FOMC in its last Beige Book released on July 17 said that the U.S. economy maintained a “modest to moderate pace.” Today’s Aug U.S. total vehicle sales report is expected to edge higher to 15.80 million from 15.73 million in July. There are 5 of the Russell 1000 companies that report earnings today: Navistar (consensus -$1.30), SAIC (0.21), Dollar General (0.74), Greif (0.91), and Forest City Enterprises (-0.02).
Conferences this week include: 16th Annual Asian Shared Services & Outsourcing Week on Tue/Wed, Barclays Capital Back to School Conference on Tue-Wed, Citi Global Technology Conference on Tue-Wed, Barclays CEO Energy Conference on Wed, Barrington Research Growth Conference on Wed, Brean Capital Global Technology Conference on Wed, Pareto Securities Oil & Offshore Conference on Wed, 18th Handelsblatt Annual Conference - Banks in Upheaval on Thu, and Scotiabank Financials Conference 2013 on Thu.
OVERNIGHT U.S. STOCK MOVERS
Prudential (PRU +1.39%) was upgraded to "Overweight" from "Equal Weight" at Barclays who also raised their price target on the stock to $95 from $83.
Best Buy (BBY +2.75%) was upgraded to "Neutral" from "Underperform" at BofA/Merrill.
Loews (L +0.16%) was initiated with a "Buy" at Deutsche Bank with a target of $52.
Dollar General (DG -0.17%) reported Q2 EPS of 77 cents, better than consensus of 74 cents.
SAIC (SAI +0.53%) reported Q2 EPS of 13 cents, well below consensus of 21 cents, and lowered guidance on fscal 2014 EPS view to 95 cents-$1.03, below consensus of $1.13.
ZOLL Medical (ZOLL) was awarded a $210 million government contract for defibrillators, monitors, warmers, and infusers.
Hain Celestial (HAIN +0.12%) fell over 3% in after-hours trading after Carl Icahn filed to sell 3.65 million shares of the company.
Cedar Fair Entertainment (FUN +0.33%) raised its fiscal 2013 revenue estimate to $1.10 billion-$1.25 billion, from $1.09 billion-$1.115 billion.
Glenview Capital reported a 9.1% passive stake in J. C. Penney (JCP +1.92%) .
Consolidated Press International Holdings reported a 9.35% passive stake and Cavalane Holdings reported a 9.35% passive stake in Zillow (Z +2.74%) .
Matrix Service (MTRX +1.80%) reported Q4 EPS of 28 cents, better than consensus of 26 cents.
H&R Block (HRB -0.11%) is down 4% in after-hours trading after it reported a Q1 EPS loss of -40 cents, a wider loss than consensus of -37 cents.
Bank of America (BAC +0.92%) sold its remaining stake in China Construction Bank, approxiamtely 2 billion shares, and said it sees a pretax gain of approximately $750 million from the sale.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 unch) this morning aredown -0.25 of a point (-0.02%). The S&P 500 index on Tuesday closed higher but fell back from its best levels after Speaker of the House Boehner said he will support President Obama’s call for military action against Syria. Bullish factors included (1) reduced concern of an immediate U.S. attack on Syria after President Obama said he will seek authorization from Congress, which is in recess until Sep 9, before ordering a strike against Syria, and (2) signs of strength in the global economy after the Aug ISM manufacturing index expanded by its fastest pace in 2 years and China’s Aug manufacturing PMI rose to a 16-month high of 51.0. Closes: S&P 500 +0.42%, Dow Jones +0.16%, Nasdaq 100 +0.58%.
Dec 10-year T-notes (ZNZ13 -0.16%) this morning are down -6.5 ticks. Dec 10-year T-note prices on Tuesday closed lower on bearish factors including (1) reduced safe-haven demand as the threat of an immediate U.S. military attack on Syria declined after President Obama said he will seek authorization from Congress before ordering a military strike against Syria, and (2) the Aug ISM manufacturing index that unexpectedly expanded at its fastest pace in 2 years. Closes: TYZ3 -23.00, FVZ3 -11.00.
The dollar index (DXY00 -0.11%) this morning is down -0.121 (-0.15%). EUR/USD (^EURUSD) is up +0.0012 (+0.09%) and USD/JPY (^USDJPY) is down -0.10 (-0.10%). The dollar index on Tuesday climbed to a 6-week high and closed higher after an unexpected increase in the Aug ISM manufacturing index to its best level in 2 years bolstered speculation the Fed will start cutting bond purchases this month. Closes: Dollar index +0.274 (+0.33%), EUR/USD -0.00498 (-0.38%), USD/JPY +1.465 (+1.49%).
Oct WTI crude oil (CLV13 -0.41%) this morning is down -66 cents (-0.61%) and Oct gasoline (RBV13 -0.36%) is down -0.0138 (-0.48%). Oct crude oil and gasoline prices on Tuesday recovered from 1-week lows and settled mixed after Israel launched missiles into the Mediterranean as part of a missile-defense test, which fueled concern about tensions in the Middle East. Another bullish factor was the sign of strength in global manufacturing after Aug manufacturing PMIs rose in China, the U.S. and Europe. Energy prices were undercut by the rise in the dollar index to a 6-week high. Closes: CLV3 +0.89 (+0.83%), RBV3 -0.0300 (-1.04%).
GLOBAL EVENT CALENDAR09/04/2013
US0700 ETWeekly MBA mortgage applications, previous -2.5% with purchase sub-index +2.4% and refi sub-index-5.4%.
0730 ETAug Challenger job cuts, July +2.3% y/y.
0830 ETJuly trade balance expected -$38.7 billion, Jun -$34.2 billion.
1230 ETSan Francisco Fed President John Williams delivers a speech on the economy and monetary policy to community leaders in Portland, OR.
1400 ETFed Beige Book.
1630 ETAPI weekly U.S. oil statistics.
1700 ETAug total vehicle sales expected 15.80 million, July 15.73 million. Aug domestic vehicle sales expected 12.30 million, July 12.20 million.
2000 ETMinneapolis Fed President Narayana Kocherlakota participates in a town hall forum at the University of Wisconsin Lacrosse.
GER0355 ETRevised German Aug PMI services, pervious 52.4.
EUR0400 ETRevised Eurozone Aug PMI composite, previous 51.7.
0500 ETRevised Eurozone Q2 GDP, previous +0.3% q/q and -0.7% y/y.
0500 ETEurozone July retail sales expected +0.2% m/m and -0.3% y/y, Jun -0.5% m/m and -0.9% y/y.
UK0430 ETUK Aug PMI services expected -0.3 to 59.9, July 60.2.
U.S. STOCK CALENDAR09/04/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Navistar International CorpNAV USBef-mktQ3 2013 Earnings ReleaseQ3 2013-1.295
SAIC IncSAI USBef-mktQ2 2014 Earnings ReleaseQ2 20140.212
Dollar General CorpDG USBef-mktQ2 2014 Earnings ReleaseQ2 20140.74
SAIC IncSAI US8:00Q2 2014 Earnings CallQ2 2014
CR Bard IncBCR US8:30Business Update Call
Navistar International CorpNAV US9:00Q3 2013 Earnings CallQ3 2013
Ford Motor CoF US10:00August 2013 Sales and Revenue Call2013
Biogen Idec IncBIIB US10:00Biogen Tecfidera EU Scenarios Discussed: Patents, Reimbursement, Compounding
Dollar General CorpDG US10:00Q2 2014 Earnings CallQ2 2014
Greif IncGEF USAft-mktQ3 2013 Earnings ReleaseQ3 20130.908
Forest City Enterprises IncFCE/A USQ2 2014 Earnings ReleaseQ2 2014-0.015
General Motors CoGM USAugust 2013 Sales and Revenue Release2013

Tuesday, September 3, 2013

Dynamic Materials - BOOM - Barchart's Chart of the Day

Summary:

Dynamic Materials (BOOM) is the Chart of the Day,  The explosion metal working company is up 37.56% in the past year but most of that was in the last quarter.

Article:

The Chart of the Day is Dynamic Materials (BOOM).  The company has both a Trend Spotter buy signal and 96% technical buy signals.  I found the stock by sorting the New High List for frequency.

It is engaged in explosion metal working. Forms of explosion metal working include: cladding, where two or more metals are explosively joined to each other; and forming of metals in which metals are shaped, shock hardened, or altered using explosives as an energy source. It distributes its products in North America primarily through its internal sales organization. It also uses independent sales representatives in specific industries or territories to complement and extend its internal selling efforts.



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
  • 13 new highs and up 14.82% in the last month
  • Relative Strength Index 78.41%
  • Barchart computes a technical support level at 21.86
  • Recently traded at 22.23 with a 50 day moving average of 18.92
Fundamental factors:
  • Market Cap $304.11 million
  • P/E 29.05
  • Dividend yield .74%
  • Analyst project revenue will increase 7.30% this year and another 12.30% next year
  • Earnings are estimated to grow 55.20% next year and continue to increase annually at the rate of 13.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy , 3 buy and 1 hold recommendation
  • Financial Strength is B
Please watch the 50 day moving average and bail on signs of weakness.