Friday, November 22, 2013

Repligen - Barchart Chart of the Day

Repligen (RGEN) is the Barchart Chart of the Day.  The bioprocessing product manufacturer has a Trend Spotter buy signal, a Weighted alpha of 132.90+ and gained 129.32% in the last year.


The Chart of the Day is Repligen (RGEN).  I found the stock by sorting the New High List for frequency and this stock was right at the top of the list.  Since the Trend Spotter signaled a buy on 10/29 the stock gained 19.17%.

It is a life sciences company focused on the development, production and commercialization of high-value consumable products used in the process of manufacturing biological drugs. Their bioprocessing products are sold to major life sciences and biopharmaceutical companies worldwide. They are a leading manufacturer of Protein A, a critical reagent used to separate and purify monoclonal antibody therapeutics.


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 signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 21 new highs and up 28.85% in the last month
  • Relative Strength Index 68.17%
  • Barchart computes a technical support level at 12.95
  • Recently traded at 13.18 with a 50 day moving average of 11.14
Fundamental factors:
  • Market Cap $419.39 million
  • P/E 18.70
  • Only 1 Wall Street analyst follows the stock and he has a strong buy and estimates the earnings will grow 20.00% next year
  • The readers of Motley Fool voted 427 to 8 that the stock will beat the market
  • Financial Strength is B
Although the technical data looks positive I'd wait till there is a little better information on revenue and earnings projections before committing funds on this one.


Additions to the Barchart Van Meerten Speculative Portfolio

This week I made some changes to the Barchart Van Meerten Speculative portfolio and updated the results.  I added American Electric Technologies (AETI), Avid Technologies (AVID), Landenburg Thalmann Financial (LTS), Anooraq Resources (ATL), Reeds Inc (REED), Key Energy Resources (KEG), and Iridex Corp (IRIX):

American Electric Technologies (AETI)


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 17.90% in the last month
  • Relative Strength Index 70.01%
  • Barchart computes a technical support level at 8.60
  • Recently traded at 9.03 with a 50 day moving average of 7.78


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 26.82% in the last month
  • Relative Strength Index 75.75%
  • Barchart computes a technical support level at 8.01
  • Recently traded at 8.36 with a 50 day moving average of 6.79


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 28.02% in the last month
  • Relative strength Index 70.02%
  • Barchart computes a technical support level at 2.40
  • Recently traded at 2.65 with a 50 day moving average of 2.06


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 27.50% in the last month
  • Relative Strength Index 67.03%
  • Barchart computes a technical support level at .46
  • Recently traded at .51 with a 50 day moving average of .41


Barchart technical indicators:
  • 56% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 27.22% in the last month'
  • Relative Strength Index 56.62%
  • Barchart computes a technical support level at 6.20
  • Recently traded at 6.59 with a 50 day moving average of 5.85


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 12.75% in the last month
  • Relative strength Index 56.87%
  • Barchart computes a technical support level at 8.09
  • Recently traded at 8.41 with a 50 day moving average of 7.72


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 49.34% in the last month
  • Relative Strength Index 76.14%
  • Barchart computes a technical support level at 8.43
  • Recently traded at 8.99 with a 50 day moving average of 6.77
Disclosure:  I own in one or more of my Family accounts AETI and AVID















The 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Stock Index to find the stocks hitting the most frequent new highs in the last month.  I then selected those stocks on the list that also had positive gains for the last week and month.  Lastly, I used the flipchart feature to select the stocks with the charts I likes.

My list today includes Abiomed (ABMD), Suncoke Energy (SXC), Interactive Brokers (IBKR), Cato Corp (CATO), and Biglari Holdings (BH):

Abiomed (ABMD)



Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 42.52% in the last month
  • Relative Strength Index 79.27%
  • Barchart computes a technical support level at 26.79
  • Recently traded at 28.80 with a 50 day moving average of 22.51


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 15.80% in the last month
  • Relative Strength Index 79.92%
  • Barchart computes a technical support level at 21.25
  • Recently traded at 21.92 with a 50 day moving average of 18.91


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50, and 100 day moving averages
  • 16 new highs and up 20.39% in the last month
  • Relative Strength Index 81.52%
  • Barchart computes a technical support level at 23.50
  • Recently traded at 24.09 with a 50 day moving average of 20.49
Cato Corp (CATO)


Barchart technical indicators:
  • 96% Barchart technical buys signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 10.78% in the last month
  • Relative Strength Index 70.37%
  • Barchart computes a technical support level at 32.29
  • Recently traded at 33.27 with a 50 day moving average of 29.55


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 15.17% in the last month
  • Relative Strength Index 86.26%
  • Barchart computes a technical support level at 456.07
  • Recently traded at 479.00 with a 50 day moving average of 431.02











BARCHART MORNING CALL 11/22

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 +0.01%) this morning are down -0.03% and European stocks are down -0.04% despite a jump in German Nov business confidence to a 19-month high. Asian stocks closed mixed: Japan +0.10%, Hong Kong +0.49%, China -0.50%, Taiwan +0.21%, Australia +0.90%, Singapore +0.01%, South Korea +0.63%, India -0.06%. Japanese exporters strengthened and pushed the Nikkei Stock Index up to a 7-month high as a slide in the yen to a 4-1/2 month low against the dollar boosted exporters' earnings prospects. Commodity prices are mixed. Jan crude oil (CLF14 -0.25%) is down -0.29%. Jan gasoline (RBF14 -0.05%) is down -0.22%. Dec gold (GCZ13 +0.20%) is down -0.15% and Dec copper (HGZ13 +0.38%) is up +0.36% at a 1-week high after weekly Shanghai copper inventories tumbled to a 1-1/2 month low. Agricultural and livestock prices are mixed. The dollar index (DXY00 -0.36%) is down -0.26%. EUR/USD (^EURUSD) is up +0.25%. USD/JPY (^USDJPY) is up +0.10% at a 4-1/2 month high after BOJ Governor Kuroda said that the yen isn't "excessively weak." December T-note prices (ZNZ13 +0.05%) are up +1 tick.
The German Nov IFO business climate rose +2.1 to 109.3, a bigger increase than expectations of +0.3 to 107.7 and the highest in 19-months. The Nov IFO current assessment rose +0.9 to 112.2, a bigger increase than expectations of +0.2 to 111.5 and the highest in 17-months, while Nov IFO expectations rose +2.6 to 106.3, better than expectations of +0.4 to 104.0 and the highest in 2-1/2 years.
German Q3 GDP was left unrevised at +0.3% q/q and +0.6% y/y, although Q3 private consumption was revised down to a +0.1% increase from the originally reported +0.2% and Q3 government spending was revised upward to +0.5% from the previously reported +0.3%. Also, Q3 exports were revised lower to +0.1% and Q3 imports were revised higher to +0.8% from the originally reported +0.6%.
U.S. STOCK PREVIEW
Fed Governor Daniel Tarullo today speaks on shadow banking to the Americans for Financial Reform and Economic Policy Institute Conference. There are no U.S. economic reports today. There are 3 of the Russell 1000 companies that report earnings today: PetSmart (consensus $0.86), Sirona Dental Systems (0.80), and Foot Locker (0.66). There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
PetSmart (PETM +1.44%) reported Q3 EPS of 88 cents, higher than consensus of 86 cents.
Dollar Tree (DLTR -4.48%) was upgraded to 'Overweight' from 'Equal Weight' at Barclays.
Yum! Brands (YUM +3.60%) rose over 1% in pre-market trading after it was upgraded to 'Buy' from 'Hold' at Deutsche Bank.
Micron (MU +6.33%) was downgraded to 'Neutral' from 'Buy' at BofA/Merril due to valuation.
GameStop (GME -6.94%) was upgraded to 'Buy' from 'Hold' at Needham.
VeriFone (PAY +0.83%) was upgraded to 'Buy' from 'Hold' at Jefferies.
Target (TGT -3.46%) was downgraded to 'Underperform' from 'Neutral' at BofA/Merrill.
Bloomberg reports that South Korea is likely to buy 40 F-35 fighter jets from Lockheed Martin (LMT +1.08%) .
Ross Stores (ROST -1.30%) tumbled over 7% in pre-market trading after the company lowered guidance on Q4 EPS to $1.01 from $1.03, below consensus of $1.08.
Intel (INTC +2.73%) fell 1.5% in after-hours trading after the company said revenue in 2014 will be approximately unchanged from this year.
Hess Corporation (HES +1.25%) has been awarded a maximum $378.82 million government contract utilizing block purchases for electricity.
UPS (UPS +1.00%) said it will raise its rates an average net of 4.9% in 2014.
Marvell (MRVL +3.98%) reported Q3 adjusted EPS of 32 cents, well above consensus of 25 cents.
Gap (GPS +1.50%) reported Q3 EPS of 72 cents, higher than consensus of 70 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 +0.01%) this morning are down -0.50 of a point (-0.03%). The S&P 500 index on Thursday closed higher on supportive factors that included (1) the Senate Banking Committee’s vote to approve Janet Yellen as the next Fed Chair and the move by Senate Democrats to end appointee filibusters, which guarantees smooth sailing for Ms. Yellen’s confirmation, and (2) hopes for continued QE3 after the Nov Philadelphia Fed manufacturing index slid -13.3 to a 6-month low of 6.5. Closes: S&P 500 +0.81%, Dow Jones +0.69%, Nasdaq 100 +1.06%.
Dec 10-year T-notes (ZNZ13 +0.05%) this morning are up +1 tick. Dec T-notes posted a 1-week low early after U.S. weekly jobless claims fell -21,000, more than expectations of -5,000, but prices recovered after the Nov Philadelphia Fed manufacturing index declined more than expected to a 6-month low. Closes: TYZ3 unch, FVZ3 +0.25.
The dollar index (DXY00 -0.36%) this morning is down -0.224 (-0.28%). EUR/USD (^EURUSD) is up +0.0034 (+0.25%) and USD/JPY (^USDJPY) is up +0.10 (+0.10%) at a 4-1/2 month high. The dollar index on Thursday fell back from a 1-week high and closed lower. EUR/USD recovered from a 1-week low and closed higher after ECB President Draghi threw cold water on a report that said the ECB is considering a negative deposit rate by saying there was no discussion about negative rates since the last ECB meeting. USD/JPY surged to a 4-1/4 month high on expectations the Fed will taper asset purchases before the BOJ does. Closes: Dollar index -0.039 (-0.05%), EUR/USD +0.00429 (+0.32%), USD/JPY +1.133 (+1.13%).
Jan WTI crude oil (CLF14 -0.25%) this morning is down -28 cents (-0.29%) and Jan gasoline (RBF14 -0.05%) is down -0.0060 (-0.22%). Jan crude oil and gasoline prices on Thursday closed higher with Jan crude at a 1-week high and Jan gasoline at a 5-week high. Bullish factors included (1) the larger-than-expected decline in U.S. weekly jobless claims, and (2) gasoline supply concerns after Motiva Enterprises LLC said production would be curtailed at its 600,000 barrel-a-day refinery in Port Arthur, TX, because of maintenance. Closes: CLF4 +1.59 (+1.59%), RBF4 +0.0733 (+2.77%).
GLOBAL EVENT CALENDAR11/22/2013
US1215 ETFed Governor Daniel Tarullo speaks on shadow banking to the Americans for Financial Reform and Economic Policy Institute Conference.
1500 ETOct USDA Cold Storage.
1500 ETOct Cattle on Feed.
JPN0000 ETBOJ releases monthly economic report for Nov.
GER0200 ETRevised German Q3 GDP, previous +0.3% q/q and +0.6% y/y.
0400 ETGerman Nov IFO business climate expected +0.3 to 107.7, Oct 107.4. Nov IFO current assessment expected +0.2 to 111.5, Oct 111.3. Nov IFO expectations expected +0.4 to 104.0, Oct 103.6.
U.S. STOCK CALENDAR11/22/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
PetSmart IncPETM USBef-mktQ3 2014 Earnings ReleaseQ3 20140.857
Sirona Dental Systems IncSIRO USBef-mktQ4 2013 Earnings ReleaseQ4 20130.803
Foot Locker IncFL US7:00Q3 2014 Earnings ReleaseQ3 20140.664
Sirona Dental Systems IncSIRO US8:30Q4 2013 Earnings CallQ4 2013
Foot Locker IncFL US9:00Q3 2014 Earnings CallQ3 2014
PetSmart IncPETM US9:00Q3 2014 Earnings CallQ3 2014
Cytec Industries IncCYT US9:00Analyst and Investor DayY 2013
Alleghany CorpY US10:30Investor DayY 2013
Donaldson Co IncDCI US14:00Annual General MeetingY 2013
MICROS Systems IncMCRS USAnnual General Meeting
Lions Gate Entertainment CorpLGF USU.S. Box Office Release of Movie The Hunger Games: Catching Fire""

Thursday, November 21, 2013

AmerisourceBergen - Barchart's Chart of the Day

AmerisourceBergen (ABC) is the Chart of the Day.  The pharmaceutical services stock has a Trend Spotter buy, a Weighted Alpha of 69.55+ and gained 70.87% in the last year.

The Chart of the Day is AmerisourceBergen (ABC) is the Chart of the Day.  I found the stock by sorting the New High List for frequency then used the flipchart feature to find the chart I liked.  Since the Trend Spotter signaled a buy on 9/9 the stock has gained 18.90%.

It is a pharmaceutical services companies serving the United States, Canada and selected global markets. Servicing both pharmaceutical manufacturers and health care providers in the pharmaceutical supply channel, the Company provides drug distribution and related services designed to reduce costs and improve patient outcomes. It's service solutions range from pharmacy automation and pharmaceutical packaging to pharmacy services for skilled nursing and assisted living facilities, reimbursement and pharmaceutical consulting services, and physician education.



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

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 9.28 in the last month
  • Relative Strength Index 75.79%
  • Barchart computes a technical support level at 68.43
  • Recently traded at 69379 with a 50 day moving average of 64.36
Fundamental factors:
  • Market Cap $16.11 billion
  • P/E 22.51
  • Dividend yield 1.36%
  • Revenue projected to grow 30.00% this year and another 3.80% next year
  • Earnings estimated to increase 17.20% this year, an additional 16.30% next year and continue to increase at an annual rate of 13.83% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 5 buy and 6 hold recommendations
  • Financial Strength is A
The stock has been a steady gainer and looks like it's on track to continue.  Watch the 50 day moving average for an exit point

Wednesday, November 20, 2013

LS Starrett Co - Barchart Chart of the Day

L S Starrett Co (SCX) is the Chart of the Day.  The undiscovered hand tool maker is about breaking even but pays a 3.50% dividend.  Lately the price has begun to show upward momentum.

The Chart of the Day is LS Starrett Co (SCX).   I found the stock by sorting the New High List for frequency then used the flipchart feature to review the charts.  The stock gained in 18 of the last 20 trading sessions and is beginning to be noticed.

The Company is engaged in the business of manufacturing industrial, professional, and consumer products. Much of their production is concentrated in hand measuring tools and precision instruments.



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

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 8.04% in the last month
  • Relative Strength Index 66.64%
  • Barchart computes a technical support level at 11.89
  • Recently traded at 12.10 with a 50 day moving average of 11.37
Fundamental factors:
  • Market Cap $83.61 million
  • Dividend yield 3.29%
  • At the present no Wall Street analysts are following the stock but in Motley Fool the readers that are following the stock voted 101 to 4 that the stock will beat the market
  • Financial Strength is C++
Since June the stock has been rising.  If you buy in at this level closely monitor the 50 day moving average for an exit point.

The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the most consistent upward momentum and best charts. My list includes Alliant Techsystems (ATK), Commercial Metals (CMC), Teleflex (TFX), Chico's FAS (CHS), and Global Payments (GPN):

Alliant Techsystems (ATK)


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 11.93% in the last month
  • Relative Strength Index 74.96%
  • Barchart computes a technical support level at 115.88
  • Recently traded at 116.64 with a 50 day moving average of 104.78


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 11.85% in the last month
  • Relative Strength Index 72.86%
  • Barchart computes a technical support level at 18.61
  •  Recently traded at 19.26 with a 50 day moving average of 17.54
Teleflex (TFX)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 10.62% in the last month
  • Relative Strength Index 75.10%
  • Barchart computes a technical support level at 93.75
  • Recently traded at 95.44 with a 50 day moving average of 86.63


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 11.65% in the last month
  • Relative Strength Index 72.10%
  • Barchart computes a technical support level at 17.87
  • Recently traded at 18.31 with a 50 day moving average of 16.97


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 11.44% in the last month
  • Relative Strength Index 77.30%
  • Barchart computes a technical support level at 62.65
  • Recently traded at 63.77 with a 50 day moving average of 56.42










BARCHART MORNING CALL 11/20


OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 -0.03%) this morning are down -0.08% and European stocks are down -0.30% ahead of U.S. Oct retail sales and the minutes of the Oct 29-30 FOMC meeting. Asian stocks closed mostly lower: Japan -0.33%, Hong Kong +0.18%, China +0.53%, Taiwan -0.67%, Australia -0.85%, Singapore -0.25%, South Korea -0.82%, India -1.22%. Commodity prices are mixed. Dec crude oil (CLZ13 +0.16%) is up +0.11%. Dec gasoline (RBZ13 -0.50%) is down -0.53%. Dec gold (GCZ13 -0.68%) is down -0.82% and Dec copper (HGZ13 +0.11%) is unch. Agricultural and livestock prices are mostly lower. The dollar index (DXY00 -0.08%) is down -0.09% after Fed Chairman Bernanke said Tuesday evening that the Fed funds rate will remain near zero for a "considerable time" after the Fed's stimulus program ends. EUR/USD (^EURUSD) is down -0.07% and USD/JPY (^USDJPY) is down -0.25%. December T-note prices (ZNZ13 -0.01%) are up +1 tick.
Speaking to economists late Tuesday evening, Fed Chairman Bernanke said a "preponderance of data" will be needed to begin removing accommodation, and that "the target for the federal funds rate is likely to remain near zero for a considerable time after the asset purchases end, perhaps well after" the jobless rate breaches the Fed's 6.5% threshold.
Minutes of the Nov 6-7 BOE policy meeting showed officials voted unanimously to keep policy unchanged and said record-low interest rates may be needed even after unemployment falls to the BOE's threshold as "there were uncertainties over the durability of the recovery."
The Japan Oct trade balance was a -1.090 trillion yen deficit, wider than expectations of a -854.2 billion yen deficit and the most in 9 months. Oct exports rose +18.6% y/y, more than expectations of +16.2% y/y, and Oct imports climbed +26.1% y/y, better than expectations of +19, 0% y/y. Both Oct exports and imports rose at their fastest pace in 3-1/4 years.
The Japan Sep all-industry activity index climbed +0.4% m/m, right on expectations.
German Oct PPI fell -0.2% m/m and -0.7% y/y, weaker than expectations of unch m/m and -0.6% y/y.

U.S. STOCK PREVIEW
Today’s Oct retail sales report is expected to be weak at +0.1% m/m both overall and ex-autos following the Sep report of -0.1% and +0.4% ex-autos. Today’s Oct CPI report is expected to ease to +1.0% y/y from +1.2% y/y in Sep. Meanwhile, the Oct core CPI is expected to be unchanged from Sep at +1.7% y/y. Today’s Oct existing home sales report is expected to show a decline of -2.7% to 5.15 million, adding to the -1.9% decline to 5.29 million seen in September. Today’s release of the minutes from the Oct 29-30 FOMC meeting should shed some additional light on how worried the Fed was about the economy in the immediate aftermath of the Oct 1-16 U.S. government shut-down. There are 7 of the S&P 500 companies that report earnings today: JM Smucker (consensus $1.59), Deere (1.90), ADT (0.46), Staples (0.42), Lowe's (0.48), JC Penney (-1.74), and L Brands (0.28).
Conferences during the remainder of this week include the following: Morgan Stanley Global Consumer & Retail Conference on Tue-Wed, Citi Global Financial Conference on Tue-Wed, Lazard Capital Markets Healthcare Conference on Tue-Wed, Mitsubishi UFJ Securities Oil & Gas Corporate Access Day on Tue-Wed, UBS Global Technology Conference on Tue-Thu, Los Angeles Auto Show-Press Days on Tue-Thu, UBS Global Outlook Conference on Wed, Bloomberg Business Summit on Wed, Canaccord Genuity TMT Day on Wed, Goldman Sachs Metals & Mining Steel Conference on Wed-Thu, Morgan Stanley Technology Media & Telecoms Conference on Wed-Thu, Bank of America Merrill Lynch Global Energy Conference on Thu, Jefferies Global Health Care Conference on Thu, and 11th Annual MIT Sloan CFO Summit on Thu.


OVERNIGHT U.S. STOCK MOVERS
Consolidated Edison (ED -0.65%) was downgraded to 'Hold' from 'Buy' at Argus.
Boeing (BA -1.00%) was downgraded to 'Perform' from 'Outperform' at Oppenheimer.
Priceline.com (PCLN -0.84%) was upgraded to 'Conviction Buy' from 'Buy' at Goldman.
Best Buy (BBY -10.97%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
JM Smucker (SJM -0.29%) reported Q2 EPS of $1.52, below consensus of $1.59.
Lowe's (LOW -0.88%) reported Q3 EPS of 47 cents, weaker than consensus of 48 cents.
JC Penney (JCP unch) reported a Q3 EPS loss of -$1.81, a wider loss than consensus of -$1.74.
Deere & Co. (DE -1.02%) reported Q4 EPS of $2.11, well ahead of consensus of $1.90.
Johnson & Johnson's (JNJ +0.59%) DePuy Orthopaedics announced a $2.5 bllion U.S. settlement to compensate 8,000 hip system patients who had surgery to replace their their ASR hip, known as revision surgery, as of August 31.
Yahoo (YHOO -0.97%) climbed over 3% in after-hours trading after it said it will raise its share buyback program by $5 billion.
HealthSouth (HLS -1.39%) lowered guidance on fiscal 2013 EPS view to $2.43-$2.46 from $3.06-$3.09, but it is still above consensus of $1.89.
Herbalife (HLF -1.83%) rose over 3% in after-hours trading after William P. Stiritz reported a 6.38% stake in the company.
La-Z-Boy (LZB +0.25%) jumped over 6% in after-hours trading after it reported Q2 EPS of 31 cents, higher than consensus of 26 cents.

MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 -0.03%) this morning are down -1.50 points (-0.08%). The S&P 500 index on Tuesday closed lower. Bearish factors included (1) the OECD’s cut in its global GDP forecast for 2013 to 2.7% from May’s 3.1% and for 2014 to 3.6% from 4.0%, and (2) concerns about Chinese economic growth after China Oct foreign direct investment rose only +1.2% y/y, weaker than expectations of +6.1% y/y. Supportive factors included the larger-than-expected increase in the German Nov ZEW survey of expectations of economic growth to a 4-year high. Closes: S&P 500 -0.20%, Dow Jones -0.06%, Nasdaq 100 -0.32%.
Dec 10-year T-notes (ZNZ13 -0.01%) this morning are up +1 tick. Dec 10-year T-note prices on Tuesday fell back from a 1-week high and closed lower. A decline in German bund prices undercut T-notes after the German Nov ZEW survey of expectations of economic growth rose to a 4-year high. T-notes found support from the OECD’s cut its global GDP forecasts for 2013 and 2014. Closes: TYZ3 -10.00, FVZ3 -5.75.
The dollar index (DXY00 -0.08%) this morning is down -0.071 (-0.09%). EUR/USD (^EURUSD) is down -0.0010 (-0.07%) and USD/JPY (^USDJPY) is down -0.25 (-0.25%). The dollar index on Tuesday posted a 1-1/2 week low on overall bearish sentiment emanating from expectations that the Fed will not taper QE3 until next year. EUR/USD rose to a 2-week high after the German Nov ZEW survey of expectations of economic growth rose for a fourth month and climbed a larger-than-expected +1.8 points to a 4-year high of 54.6. Closes: Dollar index -0.121 (-0.15%), EUR/USD +0.00325 (+0.24%), USD/JPY +0.139 (+0.14%).
Dec WTI crude oil (CLZ13 +0.16%) this morning is up +10 cents (+0.11%) and Dec gasoline (RBZ13 -0.50%) is down -0.0139 (-0.53%). Dec crude oil and gasoline prices on Tuesday settled mixed. Dec crude oil recovered from a 5-1/2 month low after the dollar index fell to a 1-1/2 week low. Bearish factors included (1) the OECD’s cut in its global GDP estimates for 2013 and 2014, which signals reduced energy demand, and (2) expectations that Wednesday’s EIA weekly inventories will show crude supplies rose for a ninth week. Closes: CLZ3 +0.31 (+0.33%), RBZ3 -0.0173 (-0.65%).

GLOBAL EVENT CALENDAR11/20/2013
US0700 ETWeekly MBA mortgage applications, previous -1.8% with purchase sub-index -0.5% and refi sub-index -2.3%.
0830 ETOct CPI expected unch m/m and +1.0% y/y, Sep +0.2% m/m and +1.2% y/y. Oct CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Sep +0.1% m/m and +1.7% y/y.
0830 ETOct retail sales expected +0.1% and +0.1% ex autos, Sep -0.1% and +0.4% ex autos.
1000 ETOct existing home sales expected -2.7% to 5.15 million, Sep -1.9% to 5.29 million.
1000 ETSep business inventories expected +0.3%, Aug +0.3%.
1000 ETNew York Fed President William Dudley speaks on the regional and national economy at a briefing in New York to discuss the role of for-profit institutions in higher education.
1030 ETEIA Weekly Petroleum Status Report.
1210 ETSt. Louis Fed President James Bullard speaks on the economy and monetary policy at the Bloomberg Business Summit in Chicago.
1400 ETMinutes of the Oct 29-30 FOMC meeting.
GER0200 ETGerman Oct PPI expected unch m/m and -0.6% y/y, Sep +0.3% m/m and -0.5% y/y.
UK0430 ETMinutes of the Nov 6-7 BOE policy meeting.
CHI2045 ETChina Nov HSBC/Markit flash manufacturing PMI expected -0.1 to 50.8, Oct +0.7 to 50.9.

U.S. STOCK CALENDAR11/20/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
JM Smucker Co/TheSJM USBef-mktQ2 2014 Earnings ReleaseQ2 20141.594
Deere & CoDE USBef-mktQ4 2013 Earnings ReleaseQ4 20131.903
ADT Corp/TheADT USBef-mktQ4 2013 Earnings ReleaseQ4 20130.46
Staples IncSPLS US6:00Q3 2014 Earnings ReleaseQ3 20140.419
Lowe's Cos IncLOW US6:00Q3 2014 Earnings ReleaseQ3 20140.475
JC Penney Co IncJCP US7:30Q3 2014 Earnings ReleaseQ3 2014-1.743
Staples IncSPLS US8:00Q3 2014 Earnings CallQ3 2014
L Brands IncLTD USAft-mktQ3 2014 Earnings ReleaseQ3 20140.277
Campbell Soup CoCPB USAnnual General Meeting
Clorox Co/TheCLX USAnnual General Meeting
Equifax IncEFX USInvestor Meeting - EdinburghY 2013

Tuesday, November 19, 2013

Hibbett Sports - Barchart Chart of the Day

Hibbett Sports (HIBB) is the Chart of the Day.  The sporting goods store stock has a Trend Spotter buy signal and has gained 24.97% in the last 3 months.

The Chart of the Day is Hibbett Sports (HIBB).  I found the stock by sorting today's New High List for frequency then used the flipchart function to find a stocks with momentum I like.  The stock gained 24.97% in the last quarter and since the Trend Spotter signaled a buy on 10/1 the stock gained 10.84%

It is a rapidly-growing operator of full-line sporting goods stores in small to mid-sized markets predominantly in the southeastern United States. Hibbett's stores offer a broad assortment of quality athletic equipment, footwear and apparel at competitive prices with superior customer service.



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
  • 17 new highs and up 10.60% in the last month
  • Relative Strength Index 77.34%
  • Barchart computes a technical support level at 61.53
  • Recently traded at 63.14 with a 50 day moving average of 57.02
Fundamental factors:
  • Market Cap $1.64 billion
  • P/E 21.79
  • Revenue projected to grow 4.40% this year and another 8.60% next year
  • Earnings estimated to increase by 1.50% this year, another 13.40% next year and continue to increase at the annual rate of 14.00% for the next 5 years
  • Wall Street analysts issued 2 strong by, 4 buy and 9 hold recommendations
  • Financial Strength is B++
The stock recently began upward momentum so watch he 50 day moving average for weakness.

3 Additions to the New High Portfolio

Earlier this week I added 3 new stocks to the Barchart Van Meerten New High Portfolio.  They include American Electrical Technologies (AETI), Waddell & Reed Financial (WDR) and Teleflex (TFX):

American Electrical Technologies (AETI)


Barchart technical indicators:
  • 56% Barhart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 17.54% in the last month
  • Relative Strength Index 62.90%
  • Barchart computes a technical support level at 8.29
  • Recently traded at 8.76 with a 50 day moving average of 7.65


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 9.68% in the last month
  • Relative Strength Index 64.50%
  • Barchart computes a technical support level at  63.97
  • Recently traded at 64.11 with a 50 day moving average of 57.11
Teleflex (TFX)


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 10.97% in the last month
  • Relative strength Index 79.58% in the last month
  • Barchart computes a technical support level at 93.75
  • Recently traded at 95.71 with a 50 day moving average of 86.29
Disclosure:  I own American Electrical Technologies (AETI)



The 5 Best Large Caps

Today I sorted the S&P 500 Large Cap Stock Index to find 5 stocks with the most consistent upward momentum in the last month and charts I like. The list includes TJX Companies (TJX), 3 M Company (MMM), AmerisourceBergen Corp (ABC), Lorillard Inc (LO), and Ball Corp (BLL):

TJX Companies (TJX)


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 9.50% in the last month
  • Relative Strength Index 69.97%
  • Barchart computes a technical support level at 61.27
  • Recently traded at 62.98 with a 50 day moving average of 58.13


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 6.29% in the last month
  • Relative Strength Index 79.04%
  • Barchart computes a technical support level at 129.42
  • Recently traded at 130.49 with a 50 day moving average of 122.84


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 6.61% in the last month'
  • Relative Strength Index 71.84%
  • Barchart computes a technical support level at 68.30
  • Recently traded at 68.90 with a 50 day moving average of 64.00


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 10.96% in the last month
  • Relative Strength Index 80.60%
  • Barchart computes a technical support level at 52.43
  • Recently traded at 52.93 with a 50 day moving average of 47.83
Ball Corp (BLL)


Barchart techncial indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 9.51% in the last month
  • Relative Strength Index 72.46
  • Barchart computes a technical support level at 49.73
  • Recently traded at 50.54 with a 50 day moving average of 46.90










BARCHART MORNING CALL 11/19

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 -0.22%) this morning are down -0.13% and European stocks are down -0.78%. Asian stocks closed mostly lower: Japan -0.25%, Hong Kong -0.01%, China -0.69%, Taiwan +0.84%, Australia -0.59%, Singapore -0.34%, South Korea +1.05%, India +0.19%. World stock markets fell on growth concerns after the OECD cut its global growth forecasts for this year and next, while European stocks shook off the increase in German Nov investor sentiment to a 4-year high. Commodity prices are mixed. Dec crude oil (CLZ13 -0.44%) is down -0.19%. Dec gasoline (RBZ13 -0.08%) is down -0.02%. Dec gold (GCZ13 +0.32%) is up +0.27% and Dec copper (HGZ13 +0.05%) is up +0.02%. Agricultural and livestock prices are mixed. The dollar index (DXY00 -0.09%) is down -0.04% at a 1-1/2 week low on speculation that Fed speakers scheduled to speak today, including Fed Chairman Bernanke, will signal economic growth isn't yet strong enough to warrant a cut in stimulus. EUR/USD (^EURUSD) is down -0.11% and USD/JPY (^USDJPY) is down -0.12%. December T-note prices (ZNZ13 -0.01%) are down -1.5 ticks.
The Organization for Economic Cooperation and Development (OECD) cut its global forecast for this year to 2.7% from 3.1% predicted in May and lowered its global 2014 GDP forecast to 3.6% from 4.0% predicted in May.
German Nov ZEW survey of expectations of economic growth rose for a fourth month as it climbed +1.8 from Oct to 54.6, better than expectations of +1.2 to 54.0 and the highest level in 4-years. Nov ZEW survey current situation unexpectedly fell -1.0 point to 28.7, weaker than expectations of a +1.3 point increase to 31.0.
Eurozone Sep construction output fell -1.3% m/m, the biggest monthly decline in 6-months, and on an annual basis construction output fell -0.2% y/y.
China Oct foreign direct investment slowed to a +1.2% y/y increase from a +4.9% y/y gain in Sep, weaker than expectations of a +6.1% y/y increase.
Japan Oct nationwide department store sales declined -0.6% y/y as they slowed from a +2.8% y/y increase in Sep.
The Japan Sep leading index CI was revised lower to 109.2 from the originally reported 109.5, while the Sep coincident index was revised higher to 108.4 from the originally reported 108.2.
U.S. STOCK PREVIEW
Today’s U.S. Q3 employment cost index (ECI) is expected to show an increase of +0.5% q/q and +2.0% y/y, little changed from the Q2 report of +0.5% q/q and +1.9% y/y. Fed Chairman Ben Bernanke this afternoon will speak to the National Economist Club. There are 7 of the Russell 1000 companies that report earnings today: Valspar (consensus $0.92), Home Depot (0.90), Campbell Soup (0.86), Best Buy (0.12), Medtronic (0.90), Dick's Sporting Goods (0.39), and TJX (0.74).
Conferences during the remainder of this week include the following: Wall Street Journal CEO Council Annual Meeting on Mon-Tue, KBW Securities Brokerage & Market Structure Conference on Tue, Gabelli & Co Inc Aircraft Supplier Conference on Tue, Morgan Stanley Global Consumer & Retail Conference on Tue-Wed, Citi Global Financial Conference on Tue-Wed, Lazard Capital Markets Healthcare Conference on Tue-Wed, Mitsubishi UFJ Securities Oil & Gas Corporate Access Day on Tue-Wed, UBS Global Technology Conference on Tue-Thu, Los Angeles Auto Show-Press Days on Tue-Thu, UBS Global Outlook Conference on Wed, Bloomberg Business Summit on Wed, Canaccord Genuity TMT Day on Wed, Goldman Sachs Metals & Mining Steel Conference on Wed-Thu, Morgan Stanley Technology Media & Telecoms Conference on Wed-Thu, Bank of America Merrill Lynch Global Energy Conference on Thu, Jefferies Global Health Care Conference on Thu, and 11th Annual MIT Sloan CFO Summit on Thu.

OVERNIGHT U.S. STOCK MOVERS
Dick's Sporting Goods (DKS +0.97%) reported Q3 EPS of 40 cents, better than consensus of 39 cents.
Best Buy (BBY -0.30%) jumped 3% in pre-market trading after it reported Q3 EPS of 18 cents, well ahead of consensus of 12 cents.
Valspar (VAL -1.09%) reported Q4 adjusted EPS of 97 cents, stronger than consensus of 92 cents.
Medtronic (MDT -0.41%) reported Q2 EPS of 91 cents, higher than consensus of 90 cents.
Campbell Soup (CPB -1.44%) reported Q1 EPS of 66 cents, well below consensus of 86 cents.
Home Depot (HD -0.45%) reported Q3 EPS of 95 cents, better than consensus of 90 cents.
Greenlight Capital reported that it lowered its stake in Einstein Noah (BAGL -3.28%) to 38.3% from 53.1%.
ING Group (ING -0.46%) said it will sell its 11.3% direct stake in Brazilian insurer SulAmérica to Swiss Re.
Salesforce.com (CRM -3.14%) fell 1% in after-hours trading after it reported Q3 EPS of 9 cents, right on consensus, but then gave guidance on fiscal 2014 EPS of 33 cents-34 cents, on the low end of consensus of 34 cents.
Brocade (BRCD +0.12%) reported Q4 adjusted EPS of 24 cents, well ahead of consensus of 18 cents.
Urban Outfitters (URBN -1.32%) reported Q3 EPS of 47 cents, better than consensus of 45 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 -0.22%) this morning are down -2.25 points (-0.13%). The S&P 500 index on Monday posted a fresh all-time high but fell back late in the session and closed lower. Negative factors included (1) the Nov NAHB housing market index that was unchanged at 54, which was weaker than market expectations of 55, and (2) long liquidation and technical selling after the S&P 500 failed to remain above the 1800 level. Closes: S&P 500 +0.42%, Dow Jones +0.54%, Nasdaq 100 +0.22%.
Dec 10-year T-notes (ZNZ13 -0.01%) this morning are down -1.5 ticks. Dec 10-year T-note prices on Monday pushed up to a 1-week high and closed higher on speculation the Fed will maintain its pace of bond buying into next year. Another supportive factor for T-note prices was the weaker-than-expected Nov NAHB housing market index. Closes: TYZ3 +9.00, FVZ3 +4.00.
The dollar index (DXY00 -0.09%) this morning is down -0.033 (-0.04%) at a 1-1/2 week low. EUR/USD (^EURUSD) is down -0.0015 (-0.11%) and USD/JPY (^USDJPY) is down -0.12 (-0.12%). The dollar index on Monday fell to a 1-week low on speculation the Fed will maintain QE3 into next year, but the dollar recovered and settled little changed after the S&P 500 fell back from a record high. Gains in EUR/USD were limited on renewed European sovereign debt concerns after data from the Bank of Spain showed Spain Sep non-performing loans, or defaults as a proportion of total lending at Spanish banks, rose to a record +12.7%. Closes: Dollar index -0.024 (-0.03%), EUR/USD +0.00096 (+0.07%), USD/JPY -0.198 (-0.20%).
Dec WTI crude oil (CLZ13 -0.44%) this morning is down -18 cents (-0.19%) and Dec gasoline (RBZ13 -0.08%) is down -0.0005 (-0.02%). Dec crude oil and gasoline prices on Monday closed lower. Crude oil closed lower after New York Fed President Dudley said he was upbeat on the U.S. economy, which fueled speculation the Fed will taper stimulus. Dec gasoline closed lower on speculation that refineries along the East and Gulf coasts that were shut for maintenance will soon restart and boost gasoline production. Closes: CLZ3 -0.81 (-0.86%), RBZ3 -0.0009 (-0.03%).
GLOBAL EVENT CALENDAR11/19/2013
US0830 ETQ3 employment cost index expected +0.5% q/q and +2.0% y/y, Q2 +0.5% q/q and +1.9% y/y.
1300 ETChicago Fed President Charles Evans speaks to the Illinois Bankers Association Midwest Bank Leaders Conference.
1630 ETAPI weekly U.S. oil statistics.
1900 ETFed Chairman Ben Bernanke speaks to the National Economist Club.
JPN0000 ETRevised Japan Sep leading index CI, previous 109.5. Revised Sep coincident index, previous 108.2.
1850 ETJapan Oct trade balance expected -854.2 billion yen, Sep -934.3 billion yen. Oct exports expected +16.2% y/y, Sep +11.5% y/y. Oct imports expected +19.0% y/y, Sep +16.5% y/y.
2330 ETJapan Sep all-industry activity index expected +0.4% m/m, Aug +0.3% m/m.
EUR0200 ETEurozone Oct new car registrations, Sep +5.4%.
0500 ETEurozone Sep construction output, Aug +0.5% m/m and -4.7% y/y.
GER0500 ETGerman Nov ZEW survey expectations of economic growth expected +1.2 to 54.0, Oct 52.8. Nov ZEW survey current situation expected +1.3 to 31.0, Oct 29.7.
U.S. STOCK CALENDAR11/19/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Valspar Corp/TheVAL USBef-mktQ4 2013 Earnings ReleaseQ4 20130.915
Home Depot Inc/TheHD US6:00Q3 2014 Earnings ReleaseQ3 20140.898
Campbell Soup CoCPB US6:30Q1 2014 Earnings ReleaseQ1 20140.863
Best Buy Co IncBBY US7:00Q3 2014 Earnings ReleaseQ3 20140.121
Medtronic IncMDT US7:15Q2 2014 Earnings ReleaseQ2 20140.901
Dick's Sporting Goods IncDKS US7:30Q3 2014 Earnings ReleaseQ3 20140.386
Best Buy Co IncBBY US8:00Q3 2014 Earnings CallQ3 2014
Medtronic IncMDT US8:00Q2 2014 Earnings CallQ2 2014
CH Robinson Worldwide IncCHRW US8:00Analyst and Investor DayY 2013
IntercontinentalExchange Group IncICE US8:00Business Update Call
Campbell Soup CoCPB US8:30Q1 2014 Earnings CallQ1 2014
United Continental Holdings IncUAL US8:30Investor DayY 2013
Home Depot Inc/TheHD US9:00Q3 2014 Earnings CallQ3 2014
National Fuel Gas CoNFG US9:00Analyst DayY 2013
UGI CorpUGI US9:00Q4 2013 Earnings CallQ4 2013
TJX Cos IncTJX US9:30Q3 2014 Earnings ReleaseQ3 20140.737
Energen CorpEGN USInvestment Community Meeting - Day 2
Equifax IncEFX USInvestor Meeting - LondonY 2013
BioMarin Pharmaceutical IncBMRN USFDA Adcomm, Vimizim (GALNS), Morquio A Syndrome (MPS IVA)