Friday, January 10, 2014

Clovis Oncology - Barchart's Chart of the Day

Clovis Oncology (CLVS) is the Barchart Chart of the Day. The anti-cancer biopharmaceutical stock has a Trend Spotter buy signal, a Weighted Alpha of 104.20+ and gained 278.00% in the last year.


The Barchart Chart of the Day is Clovis Oncology (CLVS).  I found the stock by sorting Barchart's New High List for frequency in the last month, skipped the stocks that did not have positive results for the last week and month and then used the Flipchart feature to review the charts.  The stock hit a recent low of 43.86 on 11/20 and since then is up 60.17%.

Clovis Oncology Inc. is a biopharmaceutical company focused on acquiring, developing and commercializing innovative anti-cancer agents in the United States, Europe and additional international markets. The Company targets its development programs for the treatment of specific subsets of cancer populations.







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



Barchart technical indicators:

  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 32.16% in the last month
  • Relative Strength Index 74.82%
  • Barchart computes a technical support level at 60.50
  • Recently traded at 70.04 with a 50 day moving average of 56.00
Fundamental factors:
  • Market Cap $2.37 billion
  • Revenue and Earnings estimates are all over the board so there is no real consensus
  • Wall Street brokerage firms issued 1 strong buy, 4 buy and 1 hold recommendation
  • Financial Strength is B+
The price momentum seems to have turned around.  Carefully watch the 50 day moving average for a point to take profits.




BARCHART MORNING CALL 1/10

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.38%) this morning are up +0.34% at a 1-week high and European stocks are up +0.87% ahead of this morning's U.S. Dec payrolls report. Asian stocks closed mixed: Japan +0.20%, Hong Kong +0.26%, China -0.78%, Taiwan +0.17%, Australia -0.23%, Singapore -0.05%, South Korea -0.45%, India +0.22%. Gains in European stocks were limited after UK industrial and manufacturing production unexpectedly stagnated in Nov. China's Shanghai Stock Index fell to a 5-1/4 month low after China Dec exports rose less than expected. Commodity prices are mostly higher. Feb crude oil (CLG14 +1.04%) is up +1.09%. Feb gasoline (RBG14 +0.53%) is up +0.64%. Feb gold (GCG14 +0.25%) is up +0.28%. March copper (HGH14 +0.35%) is up +0.36%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.03%) is up +0.02%. EUR/USD (^EURUSD) is down -0.08%. USD/JPY (^USDJPY) is up +0.18%. March T-note prices (ZNH14 +0.04%) are down -0.5 of a tick.
The China Dec trade balance shrank to a +$25.64 billion trade surplus, smaller than expectations of a +$32.15 billion surplus. Dec exports rose +4.3% y/y, weaker than expectations of +5.0%, while Dec imports climbed +8.3% y/y, stronger than expectations of +5.0% y/y.
Speaking Thursday evening, Minneapolis Fed President Kocherlakota suggested he favors keeping Fed stimulus measures in place when he said "By easing monetary policy relative to its current stance, the FOMC cold facilitate a more rapid fall in unemployment and more rapid return to 2% inflation."
UK Nov industrial production was unch m/m and up +2.5% y/y, weaker than expectations of +0.4% m/m and +3.0% y/y. Nov manufacturing production was unch m/m and up +2.8% y/y, also weaker than expectations of +0.4% m/m and +3.3% y/y.
UK Nov construction output unexpectedly fell -4.0% m/m, weaker than expectations of +0.8% m/m and the sharpest decline in 17-months. On a year-over-year basis, Nov construction output rose +2.2% y/y, weaker than expectations of +7.5% y/y.
The Japan Nov leading index CI rose +1.0 from Oct to 110.8, right on expectations and the highest in 6-1/3 years. The Nov coincident index rose +0.1 to 110.5, slightly less than expectations of +0.2 to 110.6 but still the highest in 5-1/3 years.
U.S. STOCK PREVIEW
Today’s Dec payroll report is expected to show an increase of +195,000, which would be a bit below November’s +203,000 gain and the 4-month average of +204,000. Today’s December unemployment rate is expected to be unchanged from November’s level of 7.0%. There are no major earnings reports today. There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
Tiffany (TIF +0.34%) said holiday sales were up 6% y/y and that it sees fiscal 2013 EPS ex-items $3.65-$3.75, well above consensus of $3.52.
Microsoft (MSFT -0.64%) was upgraded to 'Overweight' from 'Equal Weight' at Barclays.
Infosys (INFY +0.70%) rose 3% in pre-market trading after it reported Q3 EPS of 81 cents, better than consensus of 75 cents, and raised its fiscal 2014 revenue growth outlook to 11.5%-12% from 9%-10%.
Target (TGT +1.04%) was upgraded to 'Buy' from 'Neutral' at Goldman.
Eli Lilly (LLY +1.12%) was downgraded to 'Underweight' from 'Equal Weight' at Barclays.
Citigroup raised its price target on Monsanto (MON -2.90%) to $133 from $122 and keeps its 'Buy' rating on the stock.
ESPN reported that Notre Dame will sign an equipment deal with Under Armour (UA +1.14%) to wear the company's gear in all sports when the university's current deal with Adidas (ADDYY -1.37%) expires at the end of the school year.
Abercrombie & Fitch (ANF +0.88%) jumped over 13% in after-hours trading after it hiked its fiscal year adjusted EPS view to $1.55-$1.65 from $1.40-$1.50, above consensus of $1.47.
Royce & Associates reported a 7.17% passive stake in GSE Holding (GSE -5.50%) and a 6.65% passive stake in Genesco (GCO -0.55%) .
Sears (SHLD -3.18%) plunged 14% in after-hours trading after it said it sees a full year adjusted EPS loss of -$7.64 to -$8.61, a larger loss than consensus of -$6.20.
Paychex (PAYX -0.51%) was downgraded to 'Underperform' from 'Sector Perform' at RBC Capital.
Shoe Carnival (SCVL -1.90%) fell over 8% in after-hours trading after it lowered guidance on Q4 diluted EPS to 3 cents-6 cents, well below consensus of 21 cents.
SYNNEX (SNX +1.93%) reported Q4 EPS of $1.20, better than consensus of $1.18.
Alcoa (AA -1.29%) fell over 5% in after-hours trading after it reported Q4 adjusted EPS of 4 cents, below consensus of 6 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.38%) this morning are up +6.25 points (+0.34%) at a 1-week high. The S&P 500 on Thursday closed little changed as price movement was limited ahead of Friday's Dec non-farm payrolls report. Stocks had opened higher after weekly initial unemployment claims fell -15,000 to a 5-week low of 330,000, a bigger decline than expectations of -4,000 to 335,000. Gains in stocks were muted, though, on negative carry-over from Wednesday's Dec 17-18 FOMC minutes that showed that the Fed saw declining benefits from QE3. Closes: S&P 500 +0.03%, Dow Jones -0.11%, Nasdaq 100 -0.42%.
Mar 10-year T-notes (ZNH14 +0.04%) this morning are little changed, down -0.5 of a tick. Dec 10-year T-note futures prices on Thursday closed higher due to strong demand for the Treasury's $13 billion 30-year T-bond auction. Short-covering emerged in T-notes after the bid-to-cover ratio for the auction was reported at 2.57, well above the 10-auction average of 2.38 and a sign of strong demand. Closes: TYH4 +7.0, FVH4 +2.75.
The dollar index (DXY00 +0.03%) this morning is up +0.017 (+0.02%). EUR/USD (^EURUSD) is down -0.0011 (-0.08%). USD/JPY (^USDJPY) is up +0.19 (+0.18%). The dollar index on Thursday rose to a 1-1/2 month high, but fell back after stock prices recovered and closed little changed. EUR/USD fell to a 1-month low after ECB President Draghi pledged to “maintain an accommodative stance of monetary policy for as long as necessary.” Closes: Dollar index -0.017 (-0.02%), EUR/USD -0.0033 (+0.24%), USD/JPY -0.04 (-0.04%).
Feb WTI crude oil (CLG14 +1.04%) this morning is up +$1.00 a barrel (+1.09%) and Feb gasoline (RBG14 +0.53%) is up +0.0170 (+0.64%). Feb crude oil prices and Feb gasoline prices on Thursday closed lower as Feb crude posted an 8-month low and Feb gasoline fell to a 4-week low. Negative factors included (1) the rally in the dollar index to a 1-1/2 month high, and (2) negative carry-over from Wednesday's weekly EIA report that showed a +0.3% increase in U.S. oil production to a new 25-1/3 year high of 8.145 million bpd. Closes: CLG4 -1.34 (-1.43%), RBG4 -0.0223 (-0.83%).
GLOBAL EVENT CALENDAR01/10/2014
US0830 ETDec non-farm payrolls expected +195,000, Nov +203,000. Dec private payrolls expected +197,000, Nov +196,000. Dec manufacturing payrolls expected +16,000, Nov +27,000. Dec unemployment rate expected unch at 7.0%, Nov -0.3 to 7.0%, Nov 7.0%. Revision of seasonally adjusted household survey data.
0830 ETDec avg hourly earnings expected +0.2% m/m, Nov +0.2% m/m and +2.0% y/y. Dec avg weekly hours expected unch at 34.5, Nov 34.5.
0845 ETFeds Lacker speaks on the U.S. economic outlook in Raleigh, NC.
1000 ETNov wholesale inventories expected +0.4% m/m, Oct +1.4% m/m. Nov wholesale sales expected +0.7% m/m, Oct +1.0% m/m.
1200 ETJan WASDE crop production report.
1300 ETSt. Louis Fed President James Bullard speaks about the U.S. economic outlook to the Indiana Bankers Association in Indianapolis.
JPN0000 ETJapan Nov leading index CI expected +1.0 to 110.8, Oct 109.8. Nov coincident index expected +0.2 to 110.6, Oct 110.4.
UK0430 ETUK Nov industrial production expected +0.4% m/m and +3.0% y/y, Oct +0.4% m/m and +3.2% y/y. UK Nov manufacturing production expected +0.4% m/m and +3.3% y/y, Oct +0.4% m/m and +2.7% y/y.
0430 ETUK Nov construction output expected +0.9% m/m and +7.6% y/y, Oct +2.2% m/m and +5.3% y/y.
U.S. STOCK CALENDAR01/10/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
ACE LtdACE US9:00Extraordinary Shareholders MeetingY 2014
Tiffany & CoTIF USDecember 2013 Sales and Revenue Release - Holiday Sales2013

Thursday, January 9, 2014

Athersys - Barchart's Chart of the Day

Athersys (ATHX) is the Barchart Chart of the Day.  The biopharmaceutical company had a terrific spike in price.  The stock has a Trend Spotter buy signal, Weighted Alpha of 211.00+ and gained 235.83% in the last year.

The Chart of the Day is Athersys  (ATHX).  I found the stock by using Barchart to sort today's New High List for frequency in the last month, eliminated the stocks that didn't have a gain in the last week and month and then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/17 the stock soared 194.69%.

It is a biopharmaceutical company engaged in the discovery and development of therapeutic product candidates designed to extend and enhance the quality of human life. The company's lead product candidate, ATHX-105, is an oral, selective 5HT2c receptor agonist in Phase I clinical trials for the treatment of obesity. The company is also developing other orally active pharmaceutical product candidates for the treatment of metabolic and central nervous system disorders, utilizing proprietary technologies, including Random Activation of Gene Expression (RAGE). Athersys is developing MultiStem(r), its patented, adult-derived ``off the shelf'' stem cell product platform, for multiple disease indications, including damage caused by myocardial infarction, bone marrow transplantation/oncology support, ischemic stroke and other indications.



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 107.73% in the last month
  • Relative Strength Index 90.61%
  • Barchart computes a technical support level at 2.90
  • Recently traded at 4.03 with a 50 day moving average of 2.13
Fundamental factors:
  • Market Cap $229.22 million
  • Analysts predict revenue will decrease 65.10% this year but grow 163.80% next year
  • Earnings are estimated to shrink 2.20% this year but increase again by 32.60% next year and continue to increase at an annual rate of 28.00% for  the next 5 years
  • Wall Street brokerage firms issued 1 strong buy and 2 buy recommendations
  • Financial Strength is C++
Do not expect this price jump to repeat itself.  The rule is no one trades on non-public knowledge but we all see price spikes like this right before an acquisition, major corporate restructure or patent granted announcement.  Look for big news on this stock but you are probably too late to get on board the bus.

Tuesday, January 7, 2014

Gannett Co - Barchart's Chart of the Day

Gannett Co (GCI) is the Chart of the Day.  The stock has a Trend Spotter buy signal, a Weighted Alpha of 57.10+ and gained 58.70% in the last year.

The Chart of the Day is Gannet Co (GCI).  I found the stock by sorting the New High List for frequency in the last month, eliminated the stocks that did not have positive gains for the last week and month, then reviewed the charts using the Flipchart feature.  Since the Trend Spotter signaled a buy on 12/14 the stock gained 8.44%.

It is an international news and information company that publishes daily newspapers in the USA, including USA TODAY, the nation's largest-selling daily newspaper. The company also owns in excess of 400 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom's second largest regional newspaper company. Newsquest publishes more than 300 titles, including 15 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 22 television stations in the United States.


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 16.71% in the last month
  • Relative Strength Index 73.36%
  • Barchart computes a technical support level at 29.02
  • Recently traded at 29.84 with a 50 day moving average of 27.38
Fundamental factors:
  • Market Cap $6.84 billion
  • P/E 13.04
  • Dividend yield 2.70%
  • Revenue expected to decrease 3.20% this year but grow 14.80% next year
  • Earnings estimated to decrease 12.00% this year but increase again by 35.60% next year and continue to increase by 8.00% annually for the next 5 years
  • Financial Strength is B
I put this chart in here as a learning lesson.  Technically and fundamentally the stock looks very good.  However when I look at the chart I see very erratic movement, momentum that is uncertain, including some day with great volatility.  I don't like uncertainty.  Always took at all 3 indicators - technical, fundamental and visual before committing funds.

Monday, January 6, 2014

Blackstone Group - Barchart's Chart of the Day

The Blackstone Group (BX) is the Chart of the Day.  The investment and advisory firm has a Trend Spotter buy signal,  Weighted Alpha of 88.90% and gained 91.25% in the last  year.

The Chart of the Day is The Blackstone Group (BX).  I found the stock by sorting the New High List for frequency in the last month, eliminated the stocks not having positive gains in the last week and month and reviewed the charts with the Flipchart feature.  Since the Trend Spotter signaled a buy on 11/7 the stock gained 20.57%.

Blackstone is an investment and advisory firms. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. They also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.



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

Barchart technical indicators:

  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 11.47% in the last month
  • Relative Strength Index 66.69%
  • Barchart computes a technical support level at 30.60
  • Recently traded at 31.48 with a 50 day moving average of 28.43
Fundamental factors:
  • Market Cap $14.74 billion
  • P/E 13.81
  • Dividend yield 2.87%
  • Revenue expected to grow 30.30% this year and another 19.80% next year
  • Earnings estimated to increase 33.30% this year, an additional 22.90% next year and continue to increase at a rate of 16.00% annually for the next 5 years
  • Wall Street analysts issued 4 strong buy, 10 buy and 2 hold recommendations
  • Financial Strength is B++
Strong momentum so use the 100 day moving average as a sign of weakness.