Saturday, September 14, 2013

Addus Homecare - Barchart's Chart of the Day

Summary :

Addus Homecare (ADUS) is the Chart of the Day.  The medical and social services provider advanced 52 times is the last year for a gain of 363.84% and has a Trend Spotter buy signal.

Article:

The Chart of the Day is Addus Homecare (ADUS).  I found the stock by sorting the New High List for frequency and then sorting for Weighted Alpha of which ADUS scored a 365.10+  The stock also has 100% technical buy signals.

It is a comprehensive provider of a broad range of social and medical services in the home. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing.


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
  • 5 new highs and up 11.28% in the last month
  • Relative strength Index 66.91%
  • Barchart computes a technical support level at 22.83
  • Recently traded at 24.96 with a 50 day moving average of 21.36
Fundamental factors:
  • Market Cap $271.81 million
  • P/E 24.01
  • Revenue predicted to grow 7.10% this year and another 6.50% next year
  • Earnings estimated to increase 28.80% this year, an additional 9.60% next year and continue to increase by 15.00% annually for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 hold recommendations
  • Financial Strength is B
The stock looks solid but monitor the moving averages and sell if it drops below its 50 day moving average.

Thursday, September 12, 2013

Northern Technologies International - Barchart's Chart of the Day

Summary:

Northern Technologies International (NTIC) is the Chart of the Day.  The small corrosion prevention products developer already has a following on Wall Street and Value Line Investment Services.  In the last year the stock is up 57.41% plus has a Trend Spotter buy signal.

Article:

The Chart of the Day is Northern Technologies International (NTIC).  Although small it's is gathering a following and in the last 6 month was up 47.16%.

It develops and markets proprietary environmentally beneficial products and technical services either directly or via a network of joint ventures and independent distributors in over fifty countries. Their primary business is corrosion prevention. It has been selling its proprietary rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets. The company's technical service consultants work directly with the end users of their products to analyze their specific needs and develop systems to meet their technical requirements. Recently they launched a new product line of compounds and finished products based on a portfolio of proprietary bio-plastic technologies. It also is in various stages of development with respect to several other emerging businesses.


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

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 7.04% in the last month
  • Relative Strength Index 70.31%
  • Barchart computes a technical support level at 15.50
  • Recently traded at 15.82 with a 50 day moving average of 13.42
Fundamental factors:
  • Market Cap $70 million
  • P/E 31.10
  • Revenue expected to grow 5.40% this year and another 21.00% next year
  • Earnings are estimated to increase 31.60% next year and continue to increase at an annual rate of 20.00% for at least the next 5 years
  • Wall Street analysts issued 1 strong buy and 1 buy recommendation to their clients
  • Financial Strength C++
This is a small company so please watch your moving averages if you're not in it for the long haul.

5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index for the stocks having the best Barchart short term technical indicators.  The list included Zep Inc (ZEP), Healthstream (HSTM), Lumber Liquidators (LL), Arbitron (ARB), and Prospect Capital (PSEC):

Zep Inc (ZEP)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20 , 50 and 100 day moving averages
  • 11 new highs and up 13.42% in the last month
  • Relative Strength Index 72.66%
  • Barchart computes a technical support level at 15.18
  • Recently traded at 15.38 with a 50 day moving average of 13.69
Healthstream (HSTM)


Barchart technical indicators:
  • 80% Barchart short term 
  • Trend Spotter buy signal
  • 13 new highs and up 6.94% in the last month
  • Relative Strength Index 72.81%
  • Barchart computes a technical support level at 34.76
  • Recently traded at 35.92 with a 50 day moving average of 31.99


Barchart technical indicators:
  • 100% Barchart short term technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 12.34% in the last month
  • Relative Strength Index 69.25%
  • Barchart computes a technical support level 106.34
  • Recently traded at 107.68 with a 50 day moving average of 94.38
Arbitron (ARB)


Barchart technical indicators:
  • 80% Barchart short term technical indicators:
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 2.57% in the last month
  • Relative Strength Index 64.97%
  • Barchart computes a technical support level at 47.45
  • Recently traded at 47.45 with a 50 day moving average of 46.87


Barchart technical indicators:
  • 80% Barchart short term technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 5.04% in the last month
  • Relative Strength Index 66.80%
  • Barchart computes a technical support level at 11.38
  • Recently traded at 11.47 with a 50 day moving average of 11.04













Barchart Morning Call 9/12

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 unch) this morning are down -0.09% and European stocks are down by -0.17% after industrial output in the Eurozone fell by the most in 10-months. Asian stocks closed mixed: Japan -0.26%, Hong Kong +0.07%, China +0.99%, Taiwan +0.20%, Australia +0.16%, Singapore +0.41%, South Korea -0.02%, India -1.08%. Japanese stocks fell after Japanese core machinery orders, a proxy of future capital spending, unexpectedly stagnated in July, while China's Shanghai stock index rose to a 3-month high after Chinese Premier Li Keqiang said that China will push forward interest-rate and exchange-rate reforms and the internationalization of the yuan. Commodity prices are mixed. Oct crude oil (CLV13 +0.80%) is up +0.86% and Oct gasoline (RBV13 +1.50%) is up +1.42% after the Israeli army reported that two shells fired from Syria hit the southern Golan. Dec gold (GCZ13 -1.68%) is down -1.58% at a 4-week low on expectations for the Fed to taper QE at next week's FOMC meeting and Dec copper (HGZ13 -1.37%) is down -0.97% after Eurozone industrial production fell more than expected. Agricultural and livestock prices are mixed ahead of the Sep WASDE crop production report later this morning. The dollar index (DXY00 +0.01%) is up +0.02%. EUR/USD (^EURUSD) is down -0.12% and USD/JPY (^USDJPY) is down -0.53%. December T-note prices (ZNZ13 +0.18%) are up +7.5 ticks.
Eurozone July industrial production fell -1.5% m/m and -2.1% y/y, weaker than expectations of -0.3% m/m and -0.2% y/y, with the -1.5% m/m decline the biggest monthly drop in 10-months.
The German Aug wholesale price index fell -0.6% m/m, the sixth consecutive month wholesale prices have fallen, and dropped -1.7% y/y, the biggest annual decline in 3-3/4 years.
Japan July machine orders were unch m/m and +6.5% y/y, weaker than expectations of +2.4% m/m and +7.7% y/y.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show an increase of +7,000 to 330,000, reversing part of last week’s decline of -9,000 to 323,000. Meanwhile, continuing claims are expected to rise +9,000 to 2.960 million, more than reversing last week’s decline of -43,000 to 2.951 million. The Treasury today will sell $13 billion in 30-year T-bonds, concluding this week’s $66 billion coupon package. There are two of the Russell 1000 companies that report earnings today: Kroger (consensus $0.60), and Ulta Salon (0.67).
Equity conferences during the remainder of this week include the following: UBS Global Paper & Forest Products Conference on Thu, UBS Best of Americas Conference on Thu-Fri, Bank of America Merrill Lynch Global Real Estate Conference on Wed-Fri, Bank of America Merrill Lynch Healthcare Conference on Wed-Thu, Goldman Sachs Global Commodities Conference on Wed-Thu, Bank of America Merrill Lynch Media, Communications & Entertainment Conference on Wed-Thu, Barclays Capital CEO Energy - Power Conference on Wed-Thu, Barclays CEO Energy Power Conference on Wed-Thu, CL King & Associates Inc Best Ideas Conference on Wed-Thu, Bank of America Merrill Lynch Canada Mining Conference on Thu, and Bloomberg Canadian Fixed Income Conference on Thu.


OVERNIGHT U.S. STOCK MOVERS
Halliburton (HAL -0.26%) was downgraded to "Neutral" from "Outperform" at Macquarie.
lululemon (LULU -1.50%) slipped over 9% in pre-market trading after it reported Q2 EPS of 39 cents, better than consensus of 35 cents, but then lowered guidance on fiscal 2013 EPS view to $1.94-$1.97, below consensus $1.99.
Wendy's (WEN +0.73%) was upgraded to "Buy" from "Hold" at Argus.
Symantec (SYMC +0.12%) was downgraded to "Equal Weight" from "Overweight" at Morgan Stanley.
Men's Wearhouse (MW -0.62%) slumped over 10% in after-hours trading after it reported Q2 EPS of $1.01, well below consensus of $1.14, and then lowered guidance on fiscal 2013 EPS view to $2.40-$2.50 from $2.70-$2.80, below consensus of $2.77.
As of the September 20 close, Ametek (AME +0.41%) and Vertex (VRTX -1.86%) will be added to the S&P 500, while AMD (AMD -1.29%) and SAIC (SAI +2.07%) will be deleted and added to the S&P 400.
Billionare investor Carl Icahn said he bought more Apple (AAPL -5.44%) stock Wednesday as the price fell and that he likes the Netflix (NFLX -1.52%) model and has not sold his shares.
Qualcomm (QCOM -2.85%) announced a new $5 billion share repurchase program.
Royal Caribbean (RCL +1.28%) raised its quarterly dividend to 25 cents per share from 12 cents per share.
Vera Bradley (VRA +2.53%) tumbled 11% in after-hours trading after reported Q2 EPS of 37 cents, better than consensus of 32 cents, but then lowered guidance on fiscal 2014 EPS view to $1.47-$1.52 from $1.74-$1.78, below consensus of $1.71.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 unch) this morning are down -1.50 points (-0.09%). The S&P 500 index on Wednesday climbed to a 4-week high and closed higher. Bullish factors included (1) reduced threats of a U.S. military strike against Syria after President Obama asked Congress to delay a vote authorizing the use of military force while the administration pursues Russia's proposal that Syria gives up its chemical weapons, and (2) improved global economic prospects after the UK July unemployment rate unexpectedly fell to a 4-year low of 7.7%. Closes: S&P 500 +0.31%, Dow Jones +0.89%, Nasdaq 100 -0.16%.
Dec 10-year T-notes (ZNZ13 +0.18%) this morning are up +7.5 ticks. Dec 10-year T-note prices on Wednesday shed early losses and closed higher on strong demand for the Treasury's $21 billion 10-year T-note auction that had a bid-to-cover ratio of 2.86, higher than the 12-auction average of 2.78. Prices had traded lower early on reduced safe-haven demand as the threat of any U.S. military strike against Syria faded when President Obama asked Congress to delay a vote on authorizing military force against Syria. Closes: TYZ3 +14.50, FVZ3 +9.75.
The dollar index (DXY00 +0.01%) this morning is up +0.014 (+0.02%). EUR/USD (^EURUSD) is down -0.0016 (-0.12%) and USD/JPY (^USDJPY) is down -0.53 (-0.53%). The dollar index on Wednesday slipped to a 1-1/2 week low and closed lower. The dollar retreated on reduced safe-haven demand after President Obama postponed a decision on military attacks on Syria. Another negative for the dollar was the rally in the British pound to a 7-month high against the dollar after the UK unemployment rate unexpectedly fell to a 4-year low. Closes: Dollar index -0.303 (-0.37%), EUR/USD +0.00435 (+0.33%), USD/JPY -0.49 (-0.49%).
Oct WTI crude oil (CLV13 +0.80%) this morning is up +93 cents (+0.86%) and Oct gasoline (RBV13 +1.50%) is up +0.0385 (+1.42%). Oct crude oil and gasoline prices on Wednesday settled mixed. A slide in the dollar index to a 1-1/2 week low boosted crude, while Oct gasoline tumbled to a 1-month low after weekly EIA gasoline stockpiles unexpectedly rose +1.658 million bbl, higher than estimates for a -1.0 million bbl decline. Another bearish factor for crude was the +1.6% increase in U.S. crude production in the week ended Sep 6 to a new 23-3/4 year high of 7.745 million barrels a day. Also, crude prices were pressured as the risk of a U.S. military strike in Syria receded when President Obama postponed a decision on military attacks on Syria. Closes: CLV3 +0.17 (+0.16%), RBV3 -0.0235 (-0.86%).
GLOBAL EVENT CALENDAR09/12/2013
US0830 ETWeekly initial unemployment claims expected +7,000 to 330,000, previous -9,000 to 323,000. Weekly continuing claims expected +9,000 to 2.960 million, previous -43,000 to 2.951 million.
0830 ETAug import price index expected +0.5% m/m and +0.4% y/y, July +0.2% m/m and +1.0% y/y.
0830 ETUSDA weekly Export Sales.
0900 ETNew York Fed President William Dudley speaks on a panel in Paris at an event title Four years after Pittsburgh. What has OTC derivatives reform achieved so far?
1100 ETTreasury announces amount of 10-year TIPS to be auctioned Sep 19.
1200 ETSep WASE crop production report.
1300 ETTreasury auctions $13 billion 30-year T-bonds.
1400 ETAug monthly budget statement expected -$150.0 billion, July -$97.594 billion.
GER0200 ETGerman Aug wholesale price index, July -0.3% m/m and unch y/y.
EUR0400 ETECB publishes monthly report.
0500 ETEurozone July industrial production expected -0.3% m/m and -0.2% y/y, Jun +0.7% m/m and +0.3% y/y.
UK0500 ETBOE Governor Mark Carney testifies to the U.S. Parliaments Treasury Committee on the BOEs Aug inflation report.
U.S. STOCK CALENDAR09/12/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Kroger Co/TheKR USBef-mktQ2 2014 Earnings ReleaseQ2 20140.595
WW Grainger IncGWW US8:00August 2013 Sales and Revenue Call2013
WW Grainger IncGWW US8:00August 2013 Sales and Revenue Release2013
Aptargroup IncATR US8:00Analyst DayY 2013
Progressive Corp/ThePGR US8:30August 2013 Sales and Revenue Release2013
US Bancorp/MNUSB US8:30Investor DayY 2013
Ecolab IncECL US9:00Investor Day - Morning SessionY 2013
Kroger Co/TheKR US10:00Q2 2014 Earnings CallQ2 2014
Dell IncDELL US10:00Extraordinary Shareholders Meeting - M&A VoteY 2013
Mastercard IncMA US10:00U.S. Credit-Card Swipe Fee Settlement Hearing
Visa IncV US10:00U.S. Credit-Card Swipe Fee Settlement Hearing
Stratasys LtdSSYS US10:00Extraordinary Shareholders MeetingY 2013
Ulta Salon Cosmetics & Fragrance IncULTA USAft-mktQ2 2014 Earnings ReleaseQ2 20140.666
H&R Block IncHRB USAnnual General Meeting

Wednesday, September 11, 2013

Gliead Sciences

A great article: http://seekingalpha.com/article/1688662-gilead-sciences-offers-a-challenge-for-the-individual-investor

Patrick Industries - Chart of the Day

Summary:

Patrick Industries (PATK) is  the Chart of the Day.  The manufacturer and distributor of building components for the RV and manufactured homes industry is up 111.75% in the last year and has a Weighted Alpha of 100.58+.

Article:

The Chart of the Day is Patrick Industries (PATK).  I found the stock near the top of the New High List when I sorted it for frequency. Since the Trend Spotter signaled a buy on 8/20 the stock is up over 15.77%.


It is a manufacturer and supplier of building products and materials to the manufactured housing and recreational vehicle industries. They are expanding as a supplier to certain other industrial markets, such as furniture manufacturing, marine and the automotive aftermarket. They manufacture decorative vinyl and paper panels, cabinet doors, counter tops, aluminum extrusions, drawer sides and wood adhesives.


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
  • 15 new highs and up 23.09% in the last month
  • Relative Strength Index 74.67%
  • Barchart computes a technical support level at 28.53
  • Recently traded at 29.92 with a 50 day moving average of 24.64
Fundamental factors:
  • Market Cap $306.84 million
  • P/E 12.99
  • At the present time no analysts are following he stock
  • Revenue increased 30.50 this year
  • Earnings increased 218.00% this year
  • Financial Strength is C++
This stock is not followed by Wall Street so we have to rely on the technical indicators.  Set your exit at the 50 day moving average.


Today's 5 Best Mid Caps

Today's list comes form using Barchart to sort the S&P 400 Mid Cap Index to find the stock with the most consistent short term momentum.  The list includes Endo Pharmaceuticals (ENDP), Genesee and Wyoming (GWR), Fairchild Semiconductor International (FCS), National Instruments (NATI) and Skyworks Solutions (SWKS):

Endo Pharmaceuticals (ENDP)


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 18.83% in the last month
  • Relative strength Index 75.04%
  • Barchart computes a technical support level at 42.73
  • Recently traded at 43.79 with a 50 day moving average of 39.09


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 8.99% in the last month
  • Relative strength Index 69.16%
  • Barchart computes a technical support level at 93.88
  • Recently traded at 94.80 with a 50 day moving average of 89.45


Barchart technical indicators:
  • 48% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 13.86% in the last month
  • Relative Strength Index 69.93%
  • Barchart computes a technical support level at 12.90
  • Recently traded at 13.58 with a 50 day moving average of 12.92


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 9.30% in the last month
  • Relative Strength Index 67.31%
  • Barchart computes a technical support level at 28.78
  • Recently traded at 29.97 with a 50 day moving average of 28.66


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 8.95% in the last month
  • Relative strength Index 59.71%
  • Barchart computes a technical support level at 25.83
  • Recently traded at 25.90 with a 50 day moving average of 24.06










PLX Technology - Buy Signals

Today I added PLX Technology (PLXT) to the Barchart Van Meerten Speculative Portfolio for positive momentum and Barchart technical indicators:


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 8.97% in the last month
  • Relative Strength Index 74.11%
  • Barchart computes a technical support level at 5.61
  • Recently traded at 5.83 with a 50 day moving average of 5.34


Pfsweb Buy Signals

Today I added Pfsweb (PFSW) to the Barchart Van Meerten Speculative portfolio for positive momentum and Barchart technical indicators:


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 32.39% in the last month
  • Relative strength Index 81.42%
  • Barchart computes a technical support level at 5.43
  • Recently traded at 5.64 with a 50 day moving average of 4.50


Barchart Morning call 9/11

  • Article
  • Comments (0)

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 -0.06%) this morning are little changed, down -0.01%, while European stocks are up +0.40%. Asian stocks closed mostly higher: Japan +0.01%, Hong Kong -0.17%, China +0.32%, Taiwan unch, Australia +0.64%, Singapore -0.50%, South Korea +0.45%, India unch. Most global stocks are higher on reduced concern of a U.S. military strike against Syria after President Obama Tuesday night said he will pursue a Russian proposal to have Syria surrender its stockpiles of chemical weapons to international authorities. Commodity prices are mixed. Oct crude oil (CLV13 -0.09%) is down -0.07% and Oct gasoline (RBV13 +0.16%) is up +0.22%. Dec gold (GCZ13 -0.28%) is down -0.28% and Dec copper (HGZ13 +0.46%) is up +0.41%. Agricultural and livestock prices are higher. The dollar index (DXY00 unch) is unch. EUR/USD (^EURUSD) is down -0.09% and USD/JPY (^USDJPY) is down -0.09%. The British pound surged to a 7-month high against the dollar after the UK unemployment rate unexpectedly fell. December T-note prices (ZNZ13 +0.13%) are up +5.5 ticks.
UK Aug jobless claims fell -32,600, a bigger decline than expectations of -21,000, while Jun was revised to show a -36,300 decline, more than the originally reported -29,200. The Aug claimant count rate unexpectedly fell -0.1 to 4.2%, better than expectations of unch at 4.3% and the lowest in 4-1/2 years.
The UK July ILO unemployment rate averaged over 3-months unexpectedly fell -0.1 to 7.7%, better than expectations of unch at 7.8% and matched a 4-year low.
ECB Governing Council member Coene raised concern that Greece will need additional aid when he said that "It's clear that we haven't reached the end of the Greece problem for the moment, and that additional efforts will have to be made, one time for certain, possibly two times."
Japan Q3 BSI business condition large all industry jumped to 12.0 from 5.9 in Q2, the highest since data began in 2004. The Q3 BSI business condition large manufacturing climbed to 15.2 from 5.0 in Q2, the highest since Q3 2009.
The Japan Aug domestic CGPI rose +0.3% m/m and +2.4% y/y, close to expectations of +0.4% m/m and +2.4% y/y, while July was revised upward to +0.6% m/m and +2.3% y/y from the originally reported +0.5% m/m and +2.2% y/y.
U.S. STOCK PREVIEW
The global stock markets are benefiting as the chances recede for a U.S. military attack on Syria with Congressional opposition combined with the new Russian plan for Syria to give up control of its chemical weapons. The focus is shifting to the continuing resolution that is necessary by Oct 1 as House Republican leaders have a plan for getting a continuing resolution through the House, except that Tea Party members of the House are not happy about the plan. The Treasury today will sell $21 billion in 10-year T-notes as this week's $66 billion coupon package continues. There are no major earnings reports today.
Equity conferences during the remainder of this week include the following: Barclays Global Financial Services Conference on Mon-Wed, Morgan Stanley Healthcare Conference on Mon-Wed, Vertical Research Partners Industrial Conference on Mon-Wed, Clinical Trial Supply USA on Tue-Wed, Rodman & Renshaw Health Care Conference on Tue-Wed, DA Davidson & Co Engineering & Construction Conference on Tue-Wed, Robert W Baird and Co Health Care Conference on Tue-Wed, KeyBanc Capital Markets Basic Materials & Packaging Conference on Tue-Wed, Goldman Sachs Global Retailing Conference on Tue-Wed, Deutsche Bank Access Technology Conference on Tue-Wed, RBC Capital Markets Global Industrials Conference on Tue-Wed, Stifel Nicolaus & Co Health Care Conference on Tue-Thu, Biofuels International 2013 Conference on Wed, Credit Suisse Asian Technology Conference on Wed, UBS Global Paper & Forest Products Conference on Thu, UBS Best of Americas Conference on Thu-Fri, Bank of America Merrill Lynch Global Real Estate Conference on Wed-Fri, Bank of America Merrill Lynch Healthcare Conference on Wed-Thu, Goldman Sachs Global Commodities Conference on Wed-Thu, Bank of America Merrill Lynch Media, Communications & Entertainment Conference on Wed-Thu, Barclays Capital CEO Energy - Power Conference on Wed-Thu, Barclays CEO Energy Power Conference on Wed-Thu, CL King & Associates Inc Best Ideas Conference on Wed-Thu, Bank of America Merrill Lynch Canada Mining Conference on Thu, and Bloomberg Canadian Fixed Income Conference on Thu.


OVERNIGHT U.S. STOCK MOVERS
Morgan Stanley (MS +2.19%) was upgraded to "Buy" from "Neutral" at UBS.
Procter & Gamble (PG -0.27%) was downgraded to "Neutral" from "Buy" at SunTrust.
Nokia (NOK +2.54%) was upgraded to "Buy" from "Neutral" at BofA/Merrill.
Apple (AAPL -2.28%) was downgraded to "Neutral" from "Buy" at BofA/Merrill and was downgraded to "Neutral" from "Outperform" at Credit Suisse.
Brocade (BRCD -0.13%) said it will cut 300 jobs, consolidate facilities, and take $30 million-$40 million in charges in Q4.
Raytheon (RTN +1.37%) was awarded a $136.25 million government contract for MK15 Phalanx Close-In Weapon System upgrades and conversions, system overhauls and associated hardware.
Bloomberg reported that Verizon (VZ +1.22%) plans to sell between $45 billion-$49 billion of debt to finance its acquisition of Vodafone's (VOD -0.99%) stake in Verizon Wireless.
S&P cuts Argentina's debt rating to CCC+ from B- with a Negative Outlook.
Southeastern Asset reported a 11.9% passive stake in News Corp (NWSA +1.41%) .
International Paper (IP +0.24%) announced a $1.5 billion share repurchase plan and raised its quarterly dividend to 35 cents from 30 cents.
Waddell & Reed reported a 10.1% passive stake in Harman (HAR +0.98%) .
Cohen & Steers reported a 10.47% passive stake in Healthcare Trust (HTA -0.09%) .
Restoration Hardware (RH -0.96%) reported Q2 adjusted EPS of 49 cents, stronger than consensus of 43 cents, and raised guidance on fiscal 2013 EPS view to $1.65-$1.70, better than consensus of $1.48.
Select Equity Group reported a 11.7% passive stake in PBF Energy (PBF +0.09%) .
Oxford Industries (OXM +1.35%) reported Q2 adjusted EPS of $1.01, better than consensus of 98 cents, but then lowered guidance on fiscal 2013 EPS view to $2.90-$3.05 from $3.00-$3.15, lower than consensus of $3.12.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 -0.06%) this morning are down -0.25 of a point (-0.01%). The S&P 500 index on Tuesday rose to a 3-1/2 week high and closed higher. Bullish factors included (1) strong Chinese economic data that boosted global economic prospects after China Aug industrial production climbed +10.4% y/y, the most in 17 months, and after China Aug retail sales rose +13.4% y/y, the fastest pace in 8 months, and (2) hopes that a U.S. attack on Syria will be averted with Russia’s proposal for Syria to relinquish control of its chemical weapons and with no assurance of Congressional approval of a U.S. attack in any case. Closes: S&P 500 +0.73%, Dow Jones +0.85%, Nasdaq 100 +0.48%.
Dec 10-year T-notes (ZNZ13 +0.13%) this morning are up +5.5 ticks. Dec 10-year T-note prices on Tuesday closed lower on reduced safe-haven demand as the S&P 500 rallied to a 3-1/2 week high on strong Chinese economic data and speculation that a Russian proposal for Syria to put its chemical weapons under international control will avert a U.S. military strike. Closes: TYZ3 -13.50, FVZ3 -9.25.
The dollar index (DXY00 unch) this morning is unch. EUR/USD (^EURUSD) is down -0.0012 (-0.09%) and USD/JPY (^USDJPY) is down -0.09 (-0.09%). The dollar index on Tuesday closed slightly higher. The dollar rose on expectations that the Fed will taper QE3 at next week’s FOMC meeting along with weakness in the yen after USD/JPY climbed to a 1-1/2 month high after the minutes of the BOJ’s Aug 7-8 policy meeting showed policy board members said BOJ bond purchases were putting downward pressure on yields and that consumer-price expectations had turned positive. Closes: Dollar index +0.016 (+0.02%), EUR/USD +0.00127 (+0.10%), USD/JPY +0.801 (+0.80%).
Oct WTI crude oil (CLV13 -0.09%) this morning is down -8 cents (-0.07%) and Oct gasoline (RBV13 +0.16%) is up +0.0059 (+0.22%). Oct crude oil and gasoline prices on Tuesday closed lower with Oct gasoline at a 1-month low. The main bearish factor for crude prices was the report that Syria will agree to a Russian proposal that Syria puts its chemical weapons stockpiles under international control, which reduces concern of a U.S. military strike on Syria that could cause wider conflict in the Middle East and possibly disrupt oil shipments. Closes: CLV3 -2.13 (-1.94%), RBV3 -0.0655 (-2.34%).
GLOBAL EVENT CALENDAR09/11/2013
US0700 ETWeekly MBA mortgage applications, previous +1.3% with purchase sub-index -0.4% and refi sub-index +2.4%.
1000 ETJuly wholesale inventories expected +0.3%, Jun -0.2%. July wholesales trade sales expected +0.5%, Jun +0.4%.
1030 ETEIA Weekly Petroleum Status Report.
1300 ETTreasury auctions $21 billion 10-year T-notes.
GER0200 ETRevised German Aug CPI (EU harmonized), previous unch m/m and +1.6% y/y.
UK0430 ETUK Aug jobless claims change expected -21,000, July -29,200. Aug claimant count rate expected unch at 4.3%, July 4.3%.
0430 ETUK July avg weekly earnings expected +1.3% 3-mo/year-over-year, Jun +2.1% 3-mo/year-over-year. July weekly earnings ex-bonus expected +1.0% 3-mo/year-over-year, Jun +1.1% 3-mo/year-over-year.
0430 ETUK July ILO unemployment rate expected 7.8% 3-mo, June 7.8% 3-mo.
JPN1950 ETJapan July machine orders expected +2.4% m/m and +7.7% y/y, Jun -2.7% m/m and +4.9% y/y.
U.S. STOCK CALENDAR09/11/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
SAIC IncSAI US8:30Investor DayY 2013
Apple IncAAPL US10:00US Court of Appeals Hears Arguments on Apple vs Motorola Mobility
Google IncGOOG US10:00US Court of Appeals Hears Arguments on Apple vs Motorola Mobility
Mastercard IncMA US10:00Investment Community MeetingY 2013
Legg Mason IncLM US12:30Investors and Analysts MeetingY 2013
United Parcel Service IncUPS USRoadshow - BaltimoreY 2013

Tuesday, September 10, 2013

Federal Signal Chart of the Day

Summary:

Federal Signal (FSS) is the Chart of the Day.  The manufacturer of all kinds of signaling products is up 152.17% in the last year and has a Trend Spotter buy signal.

Article:

The Chart of the Day is Federal Signal (FSS).  The stock was found right at the top of the New High List when I sorted it for frequency.  Since its last Trend Spotter buy signal back on 8/9 the stock is up 23.05%.

It is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components.


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
  • 16 new highs and up 23.05% in the last  month
  • Relative Strength Index 79.80%
  • Barchart computes a technical support level t 12.48
  • Recently traded at 12.81 with a 50 day moving average of 10.47
Fundamental factors:
  • Market Cap $799.86 million
  • P/E 22.59
  • Revenue projected to grow 4.90% this year and another 5.50% next year
  • Earnings estimated to increase by 94.40% this year, an additional 10.00% next year and continue to grow by 7.00% annually for the next 5 years
  • Financial Strength is B
If you buy at this level closely monitor he 50 day moving averages for weakness

Today's 5 Best Large Caps

When I say Today's Best that does change on a daily basis.  Today's list comes from using Barchart to sort the S&P 500 Large Cap Index to find the stocks that hit a new high today and in additional have consistently hit the most new highs in the last 30 days.  The list includes Halliburton (HAL), Netflix (NFLX), National-Oilwell (NOV), Gilead Sciences (GILD) and Best Buy (BBY):

Halliburton (HAL)


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 9.32% in the last month
  • Relative Strength Index 70.53%
  • Barchart computes a technical support level at 48.75
  • Recently traded at 50.32 with a 50 day moving average of 46.18
Netflix (NFLX)


Barchart technical indicators:
  • 100% Barchaqrt technical indicators
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 23.86% in the last month
  • Relative Strength Index 75.43%
  • Barchart computes a technical support level at 288.22
  • Recently traded at 313.06 with a 50 day moving average of 260.05


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 11.72% in the last month
  • Relative Strength Index 75.43%
  • Barchart computes technical support level at 77.76
  • Recently traded at 78.63 with a 50 day moving average of 72.95


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 6.16% in the last month
  • Relative Strength Index 66.96%
  • Barchart computes a technical support level at 61.85
  • Recently traded at 62.86 with a 50 day moving average of 58.82
Best Buy (BBY)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 23.80% in the last month
  • Relative Strength Index 71.70%
  • Barchart computes a technical support level at 36.71
  • Recently traded at 37.92 with a 50 day moving average of 31.79









Barchart Moring Call 9/10

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 +0.64%) this morning are up +0.51% and European stocks are up +1.38%, both at 3-week highs, on strong Chinese economic data and reduced tensions in the Middle East. Asian stocks closed higher: Japan +1.54%, Hong Kong +0.99%, China +1.40%, Taiwan +0.20%, Australia +0.38%, Singapore +1.16%, South Korea +1.19%, India +3.77%. China's Shanghai Stock Index climbed to a 3-month high and boosted other global equity markets on signs that the Chinese economy is improving after China's industrial output rose more-than-expected at its fastest pace in 17-months. Commodity prices are mixed. Oct crude oil (CLV13 -1.52%) is down -0.77% and Oct gasoline (RBV13 -0.94%) is down -0.14% at a 4-week low after the U.S. said Russia's plan for Syria to surrender its chemical weapons may remove the need for a military strike against Syria. Dec gold (GCZ13 -1.36%) is down -1.05% and Dec copper (HGZ13 -0.06%) is up +0.12%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.17%) is up +0.14%. EUR/USD (^EURUSD) is down -0.10% and USD/JPY (^USDJPY) is up +0.61%. December T-note prices (ZNZ13 -0.42%) are down -12.5 ticks on reduced safe-haven demand as global stocks surge.
China Aug industrial production climbed +10.4% y/y, stronger than expectations of +9.9% y/y and the most in 17-months. China Aug retail sales rose +13.4% y/y, better than expectations of +13.3% y/y and the fastest pace in 8-months.
China Aug new yuan loans were 711.3 billion yuan, less than expectations of 730.0 billion yuan.
President Obama, who will address the U.S on the Syrian situation at 9 pm EST tonight in a nationally televised speech, said late Monday that a Russian proposal to convince Syria to give up its chemical weapons is a "potentially positive development."
Japan Aug machine tool orders fell -1.8% y/y, the fifteenth consecutive month that machine tool orders have fallen on a year-over-year basis.
The minutes of the Aug 7-8 BOJ policy meeting showed that BOJ board members said that easing effects have firmly taking hold as JGB buys have put downward pressure on yields and that consumer-price expectations have turned favorable.
The Japan July tertiary industry index fell -0.4% m/m, a smaller decline than expectations of -0.5% m/m, although Jun was revised lower to -0.5% m/m from the originally reported -0.3% m/m.
U.S. STOCK PREVIEW
President Obama today will press hard for Congressional authorization of a use-of-force resolution against Syria by having lunch meetings with Republicans and Democrats and by delivering a prime-time address this evening. The Treasury today will kick off this week's $66 billion coupon package by selling $32 billion in 3-year T-notes. There are no major earnings reports today.
Equity conferences during the remainder of this week include the following: Barclays Global Financial Services Conference on Mon-Wed, Morgan Stanley Healthcare Conference on Mon-Wed, Vertical Research Partners Industrial Conference on Mon-Wed, 2013 dbAccess Aviation and Transportation Conference on Tue, Raymond James European Investors North American Equities Conference on Tue, Asia Pacific Petroleum Conference on Tue, Deutsche Bank dbAccess Aviation and Transportation Conference on Tue, Clinical Trial Supply USA on Tue-Wed, Rodman & Renshaw Health Care Conference on Tue-Wed, DA Davidson & Co Engineering & Construction Conference on Tue-Wed, Robert W Baird and Co Health Care Conference on Tue-Wed, KeyBanc Capital Markets Basic Materials & Packaging Conference on Tue-Wed, Goldman Sachs Global Retailing Conference on Tue-Wed, Deutsche Bank Access Technology Conference on Tue-Wed, RBC Capital Markets Global Industrials Conference on Tue-Wed, Stifel Nicolaus & Co Health Care Conference on Tue-Thu, Biofuels International 2013 Conference on Wed, Credit Suisse Asian Technology Conference on Wed, UBS Global Paper & Forest Products Conference on Thu, UBS Best of Americas Conference on Thu-Fri, Bank of America Merrill Lynch Global Real Estate Conference on Wed-Fri, Bank of America Merrill Lynch Healthcare Conference on Wed-Thu, Goldman Sachs Global Commodities Conference on Wed-Thu, Bank of America Merrill Lynch Media, Communications & Entertainment Conference on Wed-Thu, Barclays Capital CEO Energy - Power Conference on Wed-Thu, Barclays CEO Energy Power Conference on Wed-Thu, CL King & Associates Inc Best Ideas Conference on Wed-Thu, Bank of America Merrill Lynch Canada Mining Conference on Thu, and Bloomberg Canadian Fixed Income Conference on Thu.


OVERNIGHT U.S. STOCK MOVERS
Jabil Circuit (JBL +1.65%) was upgraded to "Strong Buy" from "Buy" at Needham.
Interfax reported that Syria has accepted Russia's proposal on chemical weapons.
Marvell (MRVL +4.23%) was upgraded to "Overweight" from "Neutral" at JPMorgan.
Marathon Petroleum (MPC -1.75%) was downgraded to "Neutral" from "Outperform" at Credit Suisse.
Reuters reports that Apple (AAPL +1.60%) today is expected to introduce a cheaper version of the iPhone.
Northrop Grumman (NOC +0.42%) was awarded a $219.15 million government contract that involves foreign military sales to Saudi Arabia.
PG&E (PCG +0.27%) said it will take a $110 million charge in Q3 to settle the claims of substantially all of the remaining plaintiffs who sought compensation for personal injury and property damages related to the rupture of one of the utility’s natural gas transmission pipelines in San Bruno, California on September 9, 2010.
Gabelli reported a 5.22% stake in Leap Wireless (LEAP +0.06%) .
Pep Boys (PBY +1.68%) reported Q2 EPS of 10 cents, well below consensus of 19 cents.
SAC Capital reported a 8.1% stake in Clearwater Paper (CLW +0.43%) .
Five Below (FIVE +3.93%) reported Q2 EPS of 11 cents, better than consensus of 9 cents.
Casey's General Stores (CASY +1.49%) reported Q1 EPS of $1.43, stronger than consensus of $1.26.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 +0.64%) this morning are up +8.50 points (+0.51%) at a 3-week high. The S&P 500 index on Monday climbed to a 3-week high and closed higher after signs of economic strength in China and Europe boosted the prospects for the global economy. China Aug exports climbed +7.2% y/y, stronger than expectations of +5.5% y/y, and the Eurozone Sep Sentix investor confidence rose +11.4 points to a 28-month high of 6.5. Closes: S&P 500 +1.00%, Dow Jones +0.94%, Nasdaq 100 +1.17%.
Dec 10-year T-notes (ZNZ13 -0.42%) this morning are down -12.5 ticks. Dec 10-year T-note prices on Monday closed higher on speculation the economy is not strong enough to allow the Fed to aggressively taper its bond purchases. Another supportive factor for T-notes is increased safe-haven demand on concern that a U.S. attack on Syria could lead to a wider conflict in the Middle East. Closes: TYZ3 +13.50, FVZ3 +11.50.
The dollar index (DXY00 +0.17%) this morning is up +0.114 (+0.14%). EUR/USD (^EURUSD) is down -0.0013 (-0.10%) and USD/JPY (^USDJPY) is up +0.61 (+0.61%). The dollar index on Monday fell to a 1-week low and closed lower. Undercutting the dollar was strength in stocks, which curbed safe-haven demand for the dollar, and strength in EUR/USD which rallied up to a 1-week high after the Eurozone Sep Sentix investor confidence rose +11.4 points to 6.5, stronger than expectations of +1.4 to -3.5 and its best level in 28 months. Closes: Dollar index -0.353 (-0.43%), EUR/USD +0.00769 (+0.58%), USD/JPY +0.463 (+0.47%).
Oct WTI crude oil (CLV13 -1.52%) this morning is down -84 cents (-0.77%) and Oct gasoline (RBV13 -0.94%) is down -0.0040 (-0.14%) at a 4-week low on reduced Middle East tensions. Oct crude oil and gasoline prices on Monday settled lower with Oct gasoline falling to a 2-week low. Bearish factors included (1) speculation that President Obama may fail to garner enough Congressional support for a military strike against Syria, and (2) comments from a member of the Libyan parliament energy committee who said that Libya's oil production rebounded to 600,000 barrels a day from 200,000 barrels a day. Closes: CLV3 -1.01 (-0.91%), RBV3 -0.0677 (-2.37%).
GLOBAL EVENT CALENDAR09/10/2013
US1300 ETTreasury auctions $32 billion 3-year T-notes.
1630 ETAPI weekly U.S. oil statistics.
n/aPresident Obama addresses the nation regarding a U.S. military strike on Syria.
CHI0130 ETChina Aug industrial production expected +9.9% y/y, July +9.7% y/y.
0130 ETChina Aug retail sales expected +13.3% y/y, July +13.2% y/y.
JPN1950 ETJapan Q3 BSI business conditions all industry, Q2 5.9 q/q. Q3 BSI business conditions large manufacturing, Q2 5.0 q/q.
1950 ETJapan Aug domestic CGPI expected +0.3% m/m and +2.3% y/y, July +0.5% m/m and +2.2% y/y.
U.S. STOCK CALENDAR09/10/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Warner Chilcott PLCWCRX US3:00Extraordinary Shareholders MeetingY 2013
Warner Chilcott PLCWCRX US3:30Annual General Meeting - M&A Vote
McDonald's CorpMCD US7:00August 2013 Sales and Revenue Release2013
PVH CorpPVH US8:30Q2 2014 Earnings CallQ2 2014
Actavis IncACT US9:00Extraordinary Shareholders Meeting - M&A VoteY 2013
Green Mountain Coffee Roasters IncGMCR US9:00Investor DayY 2013
Hasbro IncHAS US10:00Investor DayY 2013
Lions Gate Entertainment CorpLGF US10:00Annual General MeetingY 2013
Tempur Sealy International IncTPX US10:00Investor MeetingY 2013
Yum Brands IncYUM USInvestor & Analyst Meeting - Yum China - Day -2Y 2013
Theravance IncTHRX USFDA Adcomm, Anoro Ellipta (LAMA/LABA), chronic obstructive pulmonary disease

Plug Power buy signals

Today I added Plug Power (PLUG) to the Barchart Van Meerten New High Portfolio for positive price momentum and Barchart technical indicators:


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 72.22% in the last month
  • Relative Strength Index 69.96%
  • Barchart computes a technical support level at .67
  • Recently trade at .70 with a 50 day moving average of .44


Safe Bulkers buy signals

Today I added Safe Bulkers (SB) to the Barchart Van Meerten New High portfolio for positive momentum and Barchart technical indicators:


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 47.80% in the last month
  • Relative Strength Index 77.83% in the last month
  • Barchart computes a technical support level at 7.14
  • Recently traded at 7.39 with a 50 day moving average of 5.54