Friday, November 29, 2013

Suncoke Energy - Barchart's Chart of the Day

Suncoke Energy (SXC) is the Chart of the Day.  The metallurgical coke producer has a Trend Spotter buy signal, a Weighted Alpha of 56.29 and has gained 42.30% in the last 6 months.


The Chart of the Day is Suncoke Energy (SXC).  I found the stock by sorting the New High List for frequency then I used the Flipchart feature to review the charts. Although sales and earnings projections vary widely the stock is showing very positive and steady price gains.  Since the Trend Spotter signaled a buy on 7/15 the stock has gained 48.84%.

It is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil.



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 si\gnals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 14.98% in the last month
  • Relative Strength Index 84.84%
  • Barchart computes a technical support level at 22.11
  • Recently traded at 22.64 with a 50 day moving average of 19.37
Fundamental factors:
  • Market Cap $1.58 billion
  • P/E 37.76
  • Revenue projections are all over the charts but the consensus is a 13.60% decrease this year and another 1.30% decrease next year
  • Earnings estimates are also all over the charts with the consensus of a 67.90% decrease this year, an increase of 60.00% next year but some sources look for a 9.00% annual growth rate over the next 5 years
  • In spite of these numbers Wall Street analysts issued 2 strong buy, 2 buy and 4 hold recommendations
  • It still gets positive comments from CreditSuisse, Openheimer and Barclays
  • On Motley Fool, readers vote 34 to 1 that the stock will beat the market
  • Financial Strength is B
This stock is trending on a technical basis but is a hard call on a fundamental analysis.  Future prospects for  the coal industry are subject to the whims of economic and environmental regulations in the US, China and India.  Your guess as to that outcome is as good as any ones.  Trade this on a technical basis and exit when momentum weakens.

Wednesday, November 27, 2013

CNO Financial Group - Barchart's Chart of the Day

CNO Financial Group (CNO) is the Chart of the Day.  The multi-line insurance holding company has a Trend Spotter buy signal, a Weighted Alpha of 87.44+ and gained 94.82% in the last year.


The Chart of the Day is CNO Financial Group (CNO).  I found the stock by sorting the New High List for frequency.  The stock is a repeat and was the Chart of the Day back on 6/28.  Since the Trend Spotter signaled another buy on 10/11 the stock has gained 15.09%.

It is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company serves America's middle-income consumers, with a focus on seniors. It manages its business through the following three primary operating segments: Bankers Life, Colonial Penn and Conseco Insurance Group. Bankers Life markets and distributes health and life insurance products and annuities to the middle-income senior market. Colonial Penn markets primarily graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, the internet and telemarketing. Conseco Insurance Group markets and distributes specified disease insurance, accident, disability, life insurance and annuities to middle-income consumers at home and at the worksite.




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

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above  its 20, 50 and 100 day moving averages
  • 18 new highs and up 14.24% in the last month
  • Relative Strength Index 76.35%
  • Barchart computes a technical support level at 16.81
  • Recently traded at 16.95 with a 50 day moving average of 15.27
Fundamental factors:
  • Market  Cap $3.77 billion
  • P/E 15.46
  • Dividend yield .71%
  • Analysts project revenue to grow .10% this year and another .50% next year
  • Earnings are estimated to increase 59.20% this year, an additional 8.00% next year and continue to increase annually by 9.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 2 buy, 4 hold and just 1 under perform recommendation
This stock has been a nice steady gainer and you should feel comfortable using the 100 day moving average for you stop loss point.

The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index for the stocks with the best current momentum, skipped any stocks that did not have positive gains for the last week and month and then used the Flipchart feature to review the charts.

Today's list includes Teleflex (TFX), Huntington Ingalls Industries (HII), Alliant Techsystems (ATK), Parametric Technology (PMTC) and Commercial Metals (CMC):

Teleflex (TFX)


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 14.02% in the last month
  • Relative Strength Index 85.48%
  • Barchart computes a technical support level at 96.77
  • Recently traded at 98.81 with a 50 day moving average of 88.48


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 15.05% in the last month
  • Relative Strength Index 88.79%
  • Barchart computes a technical support level at 80.10
  • Recently traded at 82.68 with a 50 day moving average of 72.75


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 10.14% in the last month
  • Relative Strength Index 78.30%
  • Barchart computes a technical support level at 118.18
  • Recently traded at 120.95 with a 50 day moving average of 106.95


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 19.64% in the last month
  • Relative Strength Index 74.76%
  • Barchart computes a technical support level at 31.91
  • Recently traded at 32.63 with a 50 day moving average of 29.31


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 6.53% in the last month
  • Relative Strength Index 70.85%
  • Barchart computes a technical support level at 18.93
  • Recently traded at 19.42 with a 50 day moving average of 17.82










Barchart Morning Call 11/27

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 +0.07%) this morning are up +0.10% and European stocks are up +0.36% after a measure of German consumer confidence rose to the highest in 6-1/3 years. Asian stocks closed mixed: Japan -0.42%, Hong Kong +0.53%, China +1.13%, Taiwan +0.58%, Australia -0.45%, Singapore -0.05%, South Korea +0.33%, India -0.02%. Commodity prices are mixed. Jan crude oil (CLF14 -1.04%) is down -0.42% and Jan gasoline (RBF14 +0.29%) is up +0.48%. Dec gold (GCZ13 +0.78%) is up +0.80%. Dec copper (HGZ13 +0.02%) is up +0.30%. Agricultural and livestock prices are higher. The dollar index (DXY00 -0.08%) is down -0.10% at a 1-1/2 week low. EUR/USD (^EURUSD) is up +0.15% at a 3-week high after German lawmakers reached a coalition with Chancellor Merkel. USD/JPY (^USDJPY) is up +0.49%. The British pound climbed to a 10-3/4 month high against the dollar after no revision to UK Q3 GDP confirmed Britain's economic growth accelerated in Q3. December T-note prices (ZNZ13 -0.15%) are down -7 ticks.
EUR/JPY soared to a 4-1/4 year high today as German Chancellor Merkel reached a coalition agreement with the Social Democrats more than 2-months after her Christian Democratic Party won national elections. This puts Chancellor Merkel on track for her third term leading Germany until 2017 once the agreement is passed by the entire 470,000 member SPD.
German Dec Gfk consumer confidence rose +0.3 to 7.4, better than expectations of +0.1 to 7.1 and the highest in 6-1/3 years.
UK Q3 GDP was left unrevised at +0.8% q/q and +1.5% y/y as expected, although Q3 private consumption was revised upward to +0.8% q/q from the originally reported +0.6% q/q. Also, Q3 exports were revised lower to -2.4% q/q from the originally reported -1.0% q/q and Q3 imports were revised down to +0.4% q/q from +1.3% q/q.
UK Q3 total business investment was +1.4% q/q and -6.3% y/y, stronger than the Q2 reading of -2.7% q/q and -8.5% y/y.
UK Nov CBI reported sales unexpectedly fell to 1 from 2 in Oct, weaker than expectations of an increase to 10 and the slowest pace of sales in 5 months.
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 unexpected -21,000 drop to 323,000. Meanwhile, today’s continuing claims report is expected to show a decline of -26,000 to 2.850 million, reversing part of last week’s +66,000 increase to 2.876 million. Today’s Oct durable goods orders report is expected to show a decline of -2.0% mainly because of weak aircraft orders. Excluding transportation, Oct durable goods orders are expected to show an increase of +0.5% after the -0.2% decline in September. Today’s Nov Chicago PMI index is expected to show a decline by -5.9 to 60.0, giving back more than one-half of the +10.2 point surge to 65.9 seen in October. Today’s late-Nov U.S. consumer confidence index from the University of Michigan is expected to show a +1.1 point increase to 73.1 from the early-Nov level of 72.0. The Treasury today will sell $29 billion in 7-year T-notes, concluding this week’s $96 billion T-note package.
There is only 1 of the Russell 1000 companies that reports earnings today: Golar LNG (consnsus $0.04). There is one equity conference today: 12th Annual World Drug Manufacturing Summit 2013 on Tue-Wed.
OVERNIGHT U.S. STOCK MOVERS
UBS (UBS +0.38%) was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital.
Gap (GPS +0.37%) was downgraded to 'Hold' from 'Buy' at Argus.
FBR Capital kept its 'Outperform" rating on Expedia (EXPE +1.53%) and raised its price target on the stock to $70 from $65.
Intel (INTC -0.42%) was downgraded to 'Sector Perform' from 'Outperform' at RBC Capital.
DigiTimes reporrs that Apple (AAPL +1.84%) has increased its orders of iPad mini with Retina in November to 4 million units and that orders for the iPad mini with Retina haave already surpassed those for the first-generation iPad mini.
Zurich Insurance (ZURVY +0.53%) was upgraded to 'Buy' from 'Hold' at Societe Generale.
GW Pharmaceuticals (GWPH +1.39%) jumped 9% in after-hours trading after Piper Jaffray initiated an 'Overweight' on the stock with a price target of $73.
Burger King (BKW +0.48%) said it had established a joint venture with Groupe Olivier Bertrand to aggressively develop and expand the Burger King brand presence in France.
SAIC (SAIC -4.96%) announced that it was awarded a prime contract by the U.S. Space and Naval Warfare Systems Center Atlantic worth as much as $890 million if all options are exercised to provide transport, computing and infrastructure support services related to command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance.
Hewlett-Packard (HPQ -0.91%) climbed over 7% in after-hours trading after it reported Q4 EPS of $1.01, higher than consensus of $1.00.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 +0.07%) this morning are up +1.75 points (+0.10%). The S&P 500 index on Tuesday fluctuated between modest gains and losses throughout the day and finally closed little changed. Supporting stocks was (1) the Sep Case/Shiller composite-20 home price index that rose +13.29% y/y, better than expectations of +13.00% y/y and the most in 7-1/2 years, and (2) U.S. Oct building permits that rose +6.2% to 1.034 million, a 5-1/3 year high. Concerns over consumer spending undercut stocks after U.S. Nov consumer confidence (Conference Board) unexpectedly slipped -2.0 points to a 7-month low of 70.4, weaker than expectations of a +1.4 point increase to 72.6. Closes: S&P 500 +0.01%, Dow Jones unch, Nasdaq 100 +0.53%.
Dec 10-year T-notes (ZNZ13 -0.15%) this morning are down -7 ticks. Dec T-notes on Tuesday closed higher on speculation the unexpected drop in U.S. Nov consumer confidence to a 7-month low will prompt the Fed to maintain its $85 billion of monthly bond purchases. Limiting gains in T-notes was the jump in Oct building permits to a 5-1/2 year high and the increase in home prices in the Sep Case/Shiller composite-20 home price index by the most in 7-1/2 years. Closes: TYZ3 +12.50, FVZ3 +6.50.
The dollar index (DXY00 -0.08%) this morning is down -0.079 (-0.10%) at a 1-1/2 week low. EUR/USD (^EURUSD) is up +0.0021 (+0.15%) ata 3-week high and USD/JPY (^USDJPY) is up +0.50 (+0.49%). The dollar index on Tuesday closed lower on speculation the unexpected slide in U.S. Nov consumer confidence may keep the Fed from tapering QE3. EUR/USD closed higher after ECB Executive Board member Coeure said the ECB doesn't see deeper disinflation. Closes: Dollar index -0.309 (-0.38%), EUR/USD +0.00555 (+0.41%), USD/JPY -0.387 (-0.38%).
Jan WTI crude oil (CLF14 -1.04%) this morning is down -39 cents (-0.42%) and Jan gasoline (RBF14 +0.29%) is up +0.0129 (+0.48%). Jan crude oil and gasoline prices on Tuesday closed mixed. Negative factors included (1) the unexpected decline in U.S. Nov consumer confidence to a 7-month low and (2) expectations for Wednesday's weekly EIA crude inventories to increase for a tenth consecutive week. Gasoline prices closed higher on speculation demand will increase as consumers travel during the Thanksgiving holiday. Closes: CLF4 -0.41 (-0.44%), RBF4 +0.0089 (+0.33%).
GLOBAL EVENT CALENDAR11/27/2013
US0700 ETWeekly MBA mortgage applications, previous -2.3% with purchase sub-index +5.8% and refi sub-index -6.5%.
0830 ETWeekly initial unemployment claims expected +7,000 to 330,000, previous -21,000 to 323,000. Weekly continuing claims expected -26,000 to 2.850 million, previous +66,000 to 2.876 million.
0830 ETOct durable goods orders expected -2.0% and +0.5% ex transportation, Sep +3.8% and -0.2% ex transportation.
0830 ETOct Chicago Fed national activity index expected -0.04 to 0.10, Sep 0.14.
0945 ETNov Chicago PMI expected -5.9 to 60.0, Oct +10.2 to 65.9.
0955 ETEnd-Nov University of Michigan U.S. consumer confidence expected +1.1 to 73.1, previous -1.2 to 72.0.
1000 ETOct leading indicators expected unch m/m, Sep +0.7%
1030 ETEIA Weekly Petroleum Status Report.
1300 ETTreasury auctions $29 billion 7-year T-notes.
GER0400 ETGerman Dec GfK consumer confidence expected +0.1 to 7.1, Nov 7.0.
UK0430 ETRevised UK Q3 GDP, previous +0.8% q/q and +1.5% y/y.
0430 ETUK Sep index of services, Aug +0.4% m/m and +0.6% 3-mo/3-mo.
0430 ETUK Q3 total business investment expected +2.0% q/q, Q2 -2.7% q/q and -8.5% y/y
0430 ETUK Nov CBI reported sales expected +8 to 10, Oct 2.
JPN1850 ETJapan Oct retail sales expected -0.8% m/m and +2.1% y/y, Sep +1.7% m/m and +3.0% y/y.
CHI2030 ETChina Oct industrial profits, Sep +13.5% year-to-date y/y.
U.S. STOCK CALENDAR11/27/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Golar LNG LtdGLNG USBef-mktQ3 2013 Earnings ReleaseQ3 20130.041
Walt Disney Co/TheDIS USU.S. Box Office Release of Movie Frozen""
Avago Technologies LtdAVGO USITC Due to Release Findings in Avago vs. Mellanox Patent-Infringement Case

Tuesday, November 26, 2013

Elan Corp PLC - Barchart's Chart of the Day



Elan Corp PLC (ELN) is the Chart of the Day.  The specialty pharmaceutical company has a Trend Spotter buy, a Weighted Alpha of 85.20+ and gained 75.34% in the last year.


The Chart of the Day is Elan Corp PLC (ELN).  I found the stock by sorting today's New High List for frequency and the stock advance is 21 of the last 21 sessions!  Since the Trend Spotter signaled a buy on 8/16 the stock gained 20.63%.

It is a specialty pharmaceutical company focused on the discovery, development and marketing of therapeutic products and services in neurology, acute care and pain management and on the development and commercialization of products using its extensive range of proprietary drug delivery technologies.

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
  • 21 new highs and up 14.27% in the last month
  • Relative Strength Index 86.52%
  • Barchart computes a technical support level at 17.98
  • Recently traded at 18.12 with a 50 day moving average of 16.53
Fundamental factors:
  • Market Cap $9.28 billion
  • Analysts predict revenue will be down 86.00% this year buy up 89.00% next year
  • Earnings are estimated to increase 2,000.00% this year, decrease 94.30% next year but increase annually by 2.20% over the next 5 years
  • Wall Street analysts issued 5 hold recommendations on this stock
With such erratic forecasts of revenue and earnings this is definitely a technical and not a fundamental play.  Be disciplined and use the 50 day moving average as an exit signal.


The 5 Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stocks with the most frequent new highs.  I skipped over the stocks that did not have positive gains for both the last week and month; then reviewed the charts using the flipchart feature.

Today's list includes Perrigo (PRGO), Cigna (CI), AmerisourceBergen (ABC), Assurant (AIZ) and Micron Technology (MU):

Perrigo (PRGO)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 19.49% in the last month
  • Relative Strength Index 80.19%
  • Barchart computes a technical support level at 154.49
  • Recently traded at 155.76 with a 50 day moving average of 136.16
Cigna (CI)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 19.43% in the last month
  • Relative Strength Index 78.66% in the last month
  • Barchart computes a technical support level at 85.86
  • Recently traded at 88.24 with a 50 day moving average of 79.34


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 8.00% in the last month
  • Relative Strength Index 78.39%
  • Barchart computes a technical support level at 69.37
  • Recently traded at 70.48 with a 50 day moving average of 64.92
Assurant (AIZ)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 an d100 day moving averages
  • 17 new highs and up 11.77% in the last month
  • Relative Strength Index 76.37%
  • Barchart computes a technical support level at 63.21
  • Recently traded at 64.58 with a 50 day moving average of 58.14


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 21.77% in the last month
  • Relative strength Index 69.51%
  • Barchart computes a technical support level at 19.23
  • Recently traded at 20.12 with a 50 day moving average of 17.86










BARCHART MORNING CALL 11/26

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 +0.07%) this morning are down -0.04% and European stocks are down -0.13% ahead of U.S. reports on consumer confidence and house prices. Asian stocks closed mostly lower: Japan -0.67%, Hong Kong -0.01%, China -0.05%, Taiwan +0.74%, Australia +0.08%, Singapore -0.22%, South Korea +0.40%, India -0.87%. Commodity prices are mixed. Jan crude oil (CLF14 +0.24%) is up +0.26% and Jan gasoline (RBF14 -0.03%) is down -0.03%. Dec gold (GCZ13 +0.46%) is up +0.83%. Dec copper (HGZ13 -0.03%) is up +0.03%. Agricultural and livestock prices are mixed. The dollar index (DXY00 -0.23%) is down -0.23%. EUR/USD (^EURUSD) is up +0.21% after ECB Executive Board member Coeure said the ECB doesn't see deeper disinflation. USD/JPY (^USDJPY) is down -0.27%%. December T-note prices (ZNZ13 +0.15%) are up +5.5 ticks.
The minutes of the Oct 31 BOJ policy meeting showed some members saw the risks to economic activity and prices as tilted to the downside on the whole. BOJ member Shirai proposed adding "attention should be paid to downside risks" to the bank's outlook as "there was a high degree of uncertainty regarding developments in overseas economies and households' employment and income situation."
The Japan Oct corporate service price index rose +0.8% y/y, a smaller gain than expectations of +0.9% y/y, but still the biggest increase in 5-years.
ECB Executive Board member Coeure said the ECB doesn't "see it as a very likely prospect that disinflation would deepen, would worsen in the Eurozone as growth recovers, which is our main scenario."
U.S. STOCK PREVIEW
Today’s U.S. home price indexes are both expected to show solid increases to new 5-year highs, illustrating that U.S home prices continue to move higher despite headwinds from the 1 point increase in mortgage rates during mid-year and the recent sharp drop in U.S. consumer confidence thanks to the U.S. government shutdown. Today’s Sep S&P/CaseShiller composite-20 home price index is expected to show increases of +0.90% m/m and +13.00% y/y, which would be close to the August report of +0.93% m/m and +12.82% y/y. Meanwhile, the Sep FHFA house price index is expected to show a smaller increase of +0.4% m/m following the +0.3% m/m increase in August. Today’s Nov U.S. consumer confidence index from the Conference Board is expected to show a +1.3 point increase to 72.5, recovering a small portion of the -9.0 point plunge to 71.2 seen in October. Today’s Nov Richmond Fed manufacturing index is expected to show a +3 point increase to 4, adding to the small +1 point increase to 1 seen in October. The Treasury today will sell $35 billion in 5-year T-notes. The Treasury will then conclude this week’s $96 billion T-note package by selling $29 billion of 7-year T-notes on Wednesday.
There are 5 of the S&P 500 companies that report earnings today: Tiffany (consensus $0.58), Hormel (0.54), Pall Corp (0.68), Analog Devices (0.58), HP (1.00). Equity conferences this week include the 12th Annual World Drug Manufacturing Summit 2013 on Tue-Wed.
OVERNIGHT U.S. STOCK MOVERS
Cracker Barrel (CBRL +1.07%) reported Q1 adjusted EPS of $1.22, better than consensus of $1.13.
Brown Shoe (BWS +1.05%) raised guidance on fiscal 2013 adjusted EPS view to $1.36-$1.40, higher than consensus of $1.36.
Pall Corp. (PLL -1.27%) reported Q1 EPS of 70 cents, higher than consensus of 68 cents.
Tiffany (TIF -0.11%) reported Q3 EPS of 73 cents, well above consensus of 58 cents, and then raised guidance on its fuscal 2014 EPS view to to $3.65-$3.75 from $3.50-$3.60, better than consensus of $3.62.
Hormel Foods (HRL -1.07%) reported Q4 EPS of 58 cents, better than consensus of 54 cents.
Nuance (NUAN -2.32%) tumbled over 7% in after-hours trading after it lowered guidance on fiscal 2014 EPS to $1.05-$1.15, well below consensus of $1.41.
J.C. Penney (JCP +3.61%) rose over 2% in after-hours trading after a regulatory filing showed that CEO Myron Ullman bought 112,000 shares of JCP stock on 11/22/13.
Hillenbrand (HI +0.92%) reported Q4 EPS of 50 cents, below consensus of 52 cents, and then lowered guidance on fiscal 2014 EPS to $2.00-$2.10, below consensus of $2.15.
Dycom (DY -2.27%) reported Q1 EPS of 54 cents, well above consensus of 46 cents.
Greenlight Capital discloses holding 23.02 million shares of Micron (MU -1.63%) in an amended 13F statement.
Blue Ridge Capital reported a 6.17% passive stake in Avis Budget (CAR +1.33%) .
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 +0.07%) this morning are down -0.75 of a point (-0.04%). The S&P 500 index on Monday posted a fresh all-time high but closed little changed. Bullish factors for stocks included (1) carry-over strength from a rally in European stocks on dovish comments from ECB Governing Council member Hansson who said the ECB stands ready to cut interest rates further, and (2) strength in airlines and transportation stocks after crude prices fell when Iran agreed to limit its nuclear program. Stocks fell back from their best levels after U.S. Oct pending home sales unexpectedly fell -0.6% m/m, the fifth consecutive monthly decline and below expectations of a +1.0% m/m increase. Closes: S&P 500 -0.13%, Dow Jones +0.05%, Nasdaq 100 +0.16%.
Dec 10-year T-notes (ZNZ13 +0.15%) this morning are up +5.5 ticks. Dec T-notes Monday closed higher after Oct pending home sales unexpectedly declined, which bolstered speculation the Fed will maintain its pace of bond buying into next year. Gains were limited on reduced safe-haven demand after Iran agreed to limit its nuclear program and after the S&P 500 rose to a new record high. Closes: TYZ3 +3.00, FVZ3 +1.50.
The dollar index (DXY00 -0.23%) this morning is down -0.184 (-0.23%). EUR/USD (^EURUSD) is up +0.0029 (+0.21%) and USD/JPY (^USDJPY) is down -0.27 (-0.27%). The dollar index on Monday closed higher. EUR/USD moved lower on dovish comments from ECB Governing Council member Hansson who said the ECB stands ready to cut interest rates further and is prepared to make the deposit rate negative. USD/JPY surged to a 5-3/4 month high after Iran's accord with the major world powers to curb its nuclear activities reduced the safe-haven demand for the yen. Closes: Dollar index +0.212 (+0.26%), EUR/USD -0.00414 (-0.31%), USD/JPY +0.394 (+0.39%).
Jan WTI crude oil (CLF14 +0.24%) this morning is up +24 cents (+0.26%) and Jan gasoline (RBF14 -0.03%) is down -0.0007 (-0.03%). Jan crude oil and gasoline prices on Monday closed lower. Bearish factors included (1) reduced Middle East tensions after Iran agreed with the major world powers to curb its nuclear activities, and (2) the rally in the dollar index. Closes: CLF4 -0.75 (-0.79%), RBF4 -0.0375 (-1.38%).
GLOBAL EVENT CALENDAR11/26/2013
US0830 ETOct building permits expected +0.4% to 930,000 (Sep postponed), Aug 926,000. Housing starts report will be delayed until Dec 18 due to government shutdown.
0900 ETSep S&P/CaseShiller composite-20 home price index expected +0.90% m/m and +13.00% y/y, Aug +0.93% m/m and +12.82% y/y.
0900 ETSep FHFA house price purchase only index expected +0.4% m/m, Aug +0.3% m/m. Q3 FHFA house price purchase only index expected +2.0% q/q, Q2 +2.10% q/q.
1000 ETNov Richmond Fed manufacturing index expected +3 to 4, Oct +1 to 1.
1000 ETU.S. Nov consumer confidence (Conference Board) expected +1.3 to 72.5, Oct -9.0 to 71.2.
1300 ETTreasury auctions $35 billion 5-year T-notes.
1630 ETAPI weekly U.S. oil statistics.
EUR0730 ETECB Council member Ives Mersch is keynote speaker at a conference in Frankfurt titled Economic and Legal Limits of Central Banking.
U.S. STOCK CALENDAR11/26/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Range Resources CorpRRC US1:00Annual General MeetingY 2013
Hormel Foods CorpHRL USBef-mktQ4 2013 Earnings ReleaseQ4 20130.542
Tiffany & CoTIF USBef-mktQ3 2014 Earnings ReleaseQ3 20140.58
Chico's FAS IncCHS USBef-mktQ3 2014 Earnings ReleaseQ3 20140.245
Pall CorpPLL US7:00Q1 2014 Earnings ReleaseQ1 20140.68
Signet Jewelers LtdSIG US7:00Q3 2014 Earnings ReleaseQ3 20140.423
DSW IncDSW US7:00Q3 2014 Earnings ReleaseQ3 20140.58
Jacobs Engineering Group IncJEC US8:00FY 2014 Guidance CallY 2014
Tiffany & CoTIF US8:30Q3 2014 Earnings CallQ3 2014
Pall CorpPLL US8:30Q1 2014 Earnings CallQ1 2014
Chico's FAS IncCHS US8:30Q3 2014 Earnings CallQ3 2014
DSW IncDSW US8:30Q3 2014 Earnings CallQ3 2014
Hormel Foods CorpHRL US9:00Q4 2013 Earnings CallQ4 2013
Eaton Vance CorpEV US9:00Q4 2013 Earnings ReleaseQ4 20130.596
Signet Jewelers LtdSIG US9:00Q3 2014 Earnings CallQ3 2014
Analog Devices IncADI USAft-mktQ4 2013 Earnings ReleaseQ4 20130.582
Hewlett-Packard CoHPQ USAft-mktQ4 2013 Earnings ReleaseQ4 20130.999

Monday, November 25, 2013

Autozone - Barchart's Chart of the Day

Autozone (AZO) is the Chart of the Day.  The auto supply store had steady increases in revenue, earnings and price.  Since the Trend Spotter signaled a buy on 10/17 the stock is up 8.57%.


The Chart of the Day is Autozone (AZO).  I found the stock by sorting the New High List for frequency in the last month then panned through the chart using the Flipchart feature.  I picked the stock for its recent momentum.  The stock has a Trend Spotter buy, a Weighted Alpha of 25.00+ and gained 21.50% in the last year. In the last quarter while the S&P 500 Index was up 8.31% the stock was up 10.11%, that's 24.8% better than the market.

It is a specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. Each of the company's auto parts store carries an extensive product line for cars, vans and light trucks, including new and re-manufactured automotive hard parts, maintenance items, and accessories. Many of the company's domestic auto parts stores also has a commercial sales program, which provides commercial credit and prompt delivery of parts and other products to local repair garages, dealers and service stations.


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 8.38% in the last month
  • Relative Strength Index 68.55%
  • Barchart computes a technical support level at 464.84
  • Recently traded at 465.37 with a 50 day moving average of 434.51
Fundamental factors:
  • Market Cap $16.53 billion
  • P/E 17.24
  • Analysts predict revenue will grow 3.50% this year and another 4.370% next year
  • Earnigns are estimated to increase 12.50% this year, an additional 12.90% next year and continue to increase annually by 14.75% for the the next 5 years
  • Wall Street analysts released 8 strong buy, 4 buy, 8 hold and an under perform recommendation on this stock
  • Financial Strength is B
In the last 5 years the S&P 500 gained 101.37% while the stock gained 328.21%.  This is a long haul stock so using the price vs 100 day moving average should give you nice gains.


BARCHART MORNING CALL 11/25

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 +0.31%) this morning are up +0.36% at a record high and European stocks are up +0.64% after Iran agreed to limit its nuclear program. Asian stocks closed mostly higher: Japan +1.54%, Hong Kong -0.05%, China -0.39%, Taiwan +0.87%, Australia +0.32%, Singapore +0.25%, South Korea +0.51%, India +1.92%. Japanese exporters rallied and help propel the Nikkei Stock Index up to a 6-month high after the yen tumbled to a 5-3/4 month low against the dollar. Commodity prices are mixed. Jan crude oil (CLF14 -1.52%) is down -1.32% and Jan gasoline (RBF14 -1.54%) is down -1.46% after Iran agreed to curtail its nuclear activities. Dec gold (GCZ13 -1.03%) is down -1.05% at a 4-1/2 month low as the accord between Iran and world powers reduces the safe-haven demand for gold. Dec copper (HGZ13 -0.14%) is up +0.08% at a 1-1/2 week high after LME copper inventories slumped to a 9-month low. Agricultural prices are mixed. The dollar index (DXY00 +0.26%) is up +0.21%. EUR/USD (^EURUSD) is down -0.26% after ECB Council member Hansson said the ECB stands ready to cut interest rates further. USD/JPY (^USDJPY) is up +0.51% at a 5-3/4 month high as the rally in global stocks undercuts the safe-haven demand for the yen. December T-note prices (ZNZ13 +0.07%) are up +1 tick.
ECB Governing Council member Hansson said the ECB stands ready to cut interest rates further and is prepared to make the deposit rate negative when he said "the options on rate cuts are still not fully exhausted and there are all kinds of other measures that are still on the table." He added "we are technically ready” to reduce the deposit rate.
Iran agreed to limit its nuclear program in exchange for as much as $7 billion in relief from economic sanctions over six months. In a deal brokered in Geneva with five nations over the past five days, Iran won an easing of sanctions on oil, auto parts, gold and precious metals for six months after it agreed to curtail its nuclear activities. The deal, which is reversible, allows Iran to repatriate $4.2 billion in frozen oil assets and allows it to export 1 million barrels a day of crude under sanctions that remain in force. U.S. Secretary of State Kerry said both sides will now work to conclude a comprehensive accord within six months.
U.S. STOCK PREVIEW
Today’s Oct pending home sales index is expected to show an increase of +1.1% m/m, recovering part of the sharp -5.6% m/m decline seen in September.  The Treasury today will sell $32 billion in 2-year T-notes.  There are 5 of the Russell 1000 companies that report earnings today:  Workday (consensus -$0.17), Seadrill (0.66), Copart (0.34), Nuance Communications (0.29), Palo Alto Devices (0.07).  Equity conferences this week include the 12th Annual World Drug Manufacturing Summit 2013 on Tue-Wed.
OVERNIGHT U.S. STOCK MOVERS
FBR Capital reiterated its 'Outpeform' rating on Flour (FLR +0.81%) and raised its price target on the stock to $97 from $90.
Time Warner Cable (TWC +9.98%) was downgraded to 'Hold' from 'Buy' at Argus.
Piper Jaffray kept its 'Overweight' rating on DaVita (DVA -0.62%) and raised its price target on the stock to $73 from $63.
Brocade (BRCD +0.45%) was downgraded to 'Neutral' from 'Buy' at ISI Group.
Caterpillar (CAT +0.93%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill.
R.R. Donnelley (RRD +0.12%) was upgraded to 'Buy' from 'Hold' at Benchmark Co.
Campbell Soup (CPB +1.23%) was downgraded to 'Neutral' from 'Buy' at Goldman.
Clorox (CLX -0.22%) was downgraded to 'Sell' from 'Neutral' at Goldman.
Alcoa (AA +1.32%) was upgraded to 'Buy' from 'Neutral' at Goldman.
Allegion (ALLE) will replace J.C. Penney (JCP -3.27%) in the S&P 500 Index as of the 11/29 close.
Bloomberg reports that the FDA approved the Influenza A Virus Monovalent Vaccine made by a unit of GlaxoSmithKline (GSK +0.26%) for the prevention of H5N1 influenza, commonly known as avian or bird flu.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 +0.31%) this morning are up +6.50 points (+0.36%) at a fresh record high. The S&P 500 index on Friday rose to a fresh record high and closed higher. Bullish factors for stocks included (1) carry-over support from a rally in European stocks after the German Nov IFO business climate rose +2.1 to 109.3, a bigger increase than expectations of +0.3 to a 19-month high of 107.7, and (2) improved U.S. economic data that has bolstered the economic outlook and offset concerns that the Fed will soon taper stimulus. Closes: S&P 500 +0.50%, Dow Jones +0.34%, Nasdaq 100 +0.57%.
Dec 10-year T-notes (ZNZ13 +0.07%) this morning are up +1 tick. Dec T-notes Friday closed higher on speculation the Fed will maintain its pace of bond buying into next year. Gains were limited after stocks rose, which reduced safe-haven demand for T-notes, along with negative carry-over from a fall in German bunds after the German Nov IFO business climate rose to a 19-month high. Closes: TYZ3 +7.00, FVZ3 +1.25.
The dollar index (DXY00 +0.26%) this morning is up +0.170 (+0.21%). EUR/USD (^EURUSD) is down -0.0035 (-0.26%) on dovish comments from ECB Council member Hansson and USD/JPY (^USDJPY) is up +0.52 (+0.51%) at a 5-3/4 month high on reduced safe-haven demand for the yen. The dollar index on Friday closed lower on reduced safe-haven demand as the S&P 500 rallied to a fresh record high. EUR/USD moved higher after the German Nov IFO business climate rose to a 19-month high and USD/JPY posted a 4-1/2 month high after BOJ Governor Kuroda said that the yen isn’t “excessively weak.” Closes: Dollar index -0.365 (-0.45%), EUR/USD +0.0076 (+0.56%), USD/JPY +0.121 (+0.12%).
Jan WTI crude oil (CLF14 -1.52%) this morning is down -$1.25 (-1.32%) and Jan gasoline (RBF14 -1.54%) is down -0.0395 (-1.46%) after Iran agreed to curb its nuclear activities. Jan crude oil and gasoline prices on Friday closed lower. Negative factors included (1) ample supplies with EIA crude inventories at a 4-1/2 month high and U.S crude production at a 24-3/4 year high, and (2) reduced concern over gasoline supplies after Phillips 66 restarted its 238,000 barrel-a-day Bayway refinery in New Jersey that was closed for maintenance. Closes: CLF4 -0.60 (-0.63%), RBF4 -0.0080 (-0.29%).
GLOBAL EVENT CALENDAR11/25/2013
US1000 ETOct pending home sales expected +1.1% m/m and -1.0% y/y, Sep -5.6% m/m and +1.1% y/y.
1100 ETUSDA weekly grain export inspections.
1300 ETTreasury auctions $32 billion 2-year T-notes.
JPN1850 ETJapan Oct corporate service price index expected +0.9% y/y, Sep +0.7% y/y.
UKn/aUK Nov nationwide house prices expected +0.6% m/m and +6.2% y/y, Oct +1.0% m/m and +5.8% y/y.
U.S. STOCK CALENDAR11/25/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Towers Watson & CoTW US10:00Acquisition of Liazon Corporation by Towers Watson & Co Call
Seadrill LtdSDRL NO11:00Q3 2013 Earnings CallQ3 2013
Palo Alto Networks IncPANW US16:30Q1 2014 Earnings CallQ1 2014
Nuance Communications IncNUAN US17:00Q4 2013 Earnings CallQ4 2013
Workday IncWDAY US17:00Q3 2014 Earnings ReleaseQ3 2014-0.174
Workday IncWDAY US17:00Q3 2014 Earnings CallQ3 2014
Seadrill LtdSDRL NOQ3 2013 Earnings ReleaseQ3 20130.657
Copart IncCPRT USAft-mktQ1 2014 Earnings ReleaseQ1 20140.342
Nuance Communications IncNUAN USAft-mktQ4 2013 Earnings ReleaseQ4 20130.293
Palo Alto Networks IncPANW USAft-mktQ1 2014 Earnings ReleaseQ1 20140.073
Equity Lifestyle Properties IncELS USSpecial Meeting