Friday, January 17, 2014

LPL Investment Holdings - Barchart's Chart of the Day

LPL Investment Holdings (LPLA) is the Barchart Chart of the Day.  The Company provides brokerage and advisory services to independent financial advisors.  The stock has a Trend Spotter buy signal, a Weighted Alpha of 79.74+ and gained 77.24% in the last 12 months.


The Barchart Chart of the Day is LPL Investment Holdings (LPLA).  I found the stock by sorting the New High List for frequency in the last month, eliminated the stock that didn't have positive gains in the last week and month and used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 11/11 the stock gained 27.42%.

LPL Financial Holdings Inc. is engaged in providing an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, general securities, alternative investments, retirement plans, fixed income, and insurance offerings.



 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 19.05% in the last month
  • Relative Strength Index 92.31%
  • Barchart computes a technical support level at 52.44
  • Recently traded at 52.81 with a 50 day moving average of 45.23
Fundamental factors: 
  • Market Cap $5.55 billion
  • P/E 23.99
  • Dividend yield 1.44%
  • Revenue predicted to grow 12.30% this year and another 9.30% next year
  • Earnings estimated to increase 17.70% this year, an additional 10.90% next year and continue to increase annually by 17.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 2 buy, 7 hold and 2 under perform recommendations of the stock
  • Financial Strength is B++
Watch the 100 day moving averages for signs of price weakness.

TODAY'S BEST SMALL CAPS

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks with the most frequent New Highs in the last month, then eliminated those that did not have positive gains for the last week and month.  I then used the Flipchart feature to review the charts.

Today's list includes Abaxis (ABAX), Anixter International (AXE), Matrix Service Co (MTRX), Tangoe (TNGO), and Stewart Information Services (STC):

Abaxis (ABAX)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 22.24% in the last month
  • Relative Strength Index 81.83%
  • Barchart computes a technical support level at 43.67
  • Recently traded at 44.58 with a 50 day moving average of 37.71
Anixter International (AXE)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 10.36% in the last month
  • Relative Strength Index 70.65%
  • Barchart computes a technical support level at 93.14
  • Recently traded at 94.48 with a 50 day moving average of 88.07


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 21.89% in the last month
  • Relative Strength Index 78.39%
  • Barchart computes a technical support level at 26.06
  • Recently traded at 26.56 with a 50 day moving average of 22.63
Tangoe (TNGO)


Barchart technical indicators:
  • 40% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20 and 50 day moving averages
  • 15 new highs and up 21.88% in the last month
  • Relative Strength Index 71.25%
  • Barchart computes a technical support level at 18.98
  • Recently traded at 19.72 with a 50 day moving average of 16.89


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 10.73% in the last month
  • Relative Strength Index 69.83%
  • Barchart computes a technical support level at 33.05
  • Recently traded at 33.44 with a 50 day moving average of 31.19








BARCHART MORNING CALL 1/17

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.29%) this morning are up +0.33% and European stocks are up +0.32% on better-than-expected stock earnings results. Asian stocks closed mixed: Japan -0.08%, Hong Kong +0.64%, China -1.51%, Taiwan -0.19%, Australia -0.06%, Singapore +0.22%, South Korea -0.74%, India -0.95%. European stocks also received a boost on stronger-than-expected UK retail sales along with a drop in government bond yields. The yield on Portugal's 10-year bond fell for a sixth day after Standard & Poor's removed the country's debt rating from "creditwatch," which reduces the risk of a downgrade. Commodity prices are mixed. Feb crude oil (CLG14 +0.95%) is up +0.60%. Feb gasoline (RBG14 +0.92%) is up +0.37%. Feb gold (GCG14 -0.02%) is up +0.04%. March copper (HGH14 +0.49%) is down -0.25%. Agriculture and livestock prices are weaker. The dollar index (DXY00 +0.10%) is up +0.04%. EUR/USD (^EURUSD) is down -0.17%. USD/JPY (^USDJPY) is up +0.07%. March T-note prices (ZNH14 +0.08%) are up +1 tick.
Portugal's long-term government bond rating was removed from "creditwatch" by Standard & Poor's who said the action by the coalition Portuguese government to stick to the EU-led bailout program has reduced the risk of a credit downgrade.
UK Dec retail sales ex autos jumped +2.8% m/m, well ahead of expectations of +0.3% m/m and the biggest monthly gain in 5-1/2 years. On a year-over-year basis, Dec retail sales ex autos surged +6.1% y/y, nearly double expectations of and +3.2% y/y and the largest annual increase in 9-1/4 years.
UK Dec retail sales including autos jumped +2.6% m/m, well ahead of expectations of +0.3% m/m and the biggest monthly gain in 3-3/4 years. On a year-over-year basis, Dec retail sales including autos rose +5.3% y/y, over double expectations of +2.5% y/y and the biggest annual increase in 9-years.
Eurozone Nov construction output fell -0.6% m/m, the third straight monthly decline, and fell -1.7% y/y, the ninth consecutive year-over-year decrease.
Japan Dec consumer confidence unexpectedly fell -1.2 to 41.3, weaker than expectations of a +0.5 point increase to 43.0.
U.S. STOCK PREVIEW
Today’s early-Jan U.S. consumer confidence index from the University of Michigan is expected to show a +1.0 point increase to 83.5, adding to the +7.4 point increase to 82.5 seen in December. Today’s Dec housing starts report is expected to show a decline of -9.3% to 990,000, reversing part of the +22.1% surge to 1.091 million seen in November. Today’s Dec industrial production report is expected to show a +0.3% m/m increase, adding to the +1.1% surge seen in November.
There are 7 of the S&P 500 companies that report earnings today with notable reports including Morgan Stanley (consensus $0.44), GE (0.53), Bank of New York Mellon (0.54), Schlumberger (1.32). There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
Morgan Stanley (MS -0.68%) reported Q4 EPS of 49 cents, stronger than consensus of 44 cents.
General Electric (GE -0.51%) reported Q4 EPS of 53 cents, right on consensus.
Comerica (CMA -0.63%) reported Q4 EPS of 77 cents, better than consensus of 74 cents.
Best Buy (BBY -28.59%) was downgraded to 'Neutral' from 'Buy' at UBS and at Goldman.
SunTrust Banks (STI -1.12%) reported Q4 EPS of 77 cents, higher than consensus of 70 cents.
Schlumberger (SLM -0.37%) reported Q4 EPS of $1.35, better than expectations of $1.32.
Tractor Supply (TSCO -1.16%) will replace Life Technologies (LIFE +0.01%) in the S&P 500 Index as of the close on Jan 23.
Elizabeth Arden (RDEN -1.43%) plunged 20% in after-hours trading after it said it sees Q2 EPS ex-items of $1.05-$1.08, well below consensus of $1.47, and then said it will withdraw its guidance on fiscal 2014 EPS.
Sysco (SYY +0.35%) fell over 2% in after-hours trading after Reuters reported that Florida, Indiana and other U.S. states are reviewing the merger of Sysco and U.S. Foods.
Con-way (CNW -1.31%) fell over 4% in after-hours trading after it said that it sees Q4 EPS approximating 21 cents, well below consensus of 39 cents.
American Express (AXP -0.53%) reported Q4 EPS of $1.21, weaker tthan consensus of $1.25.
Capital One (COF -0.77%) reported Q4 EPS of $1.45, below consensus of $1.54, and then was downgraded to 'Neutral' from 'Positive' at Susquehanna.
Intel (INTC -0.49%) slipped over 4% in after-hours trading after it reported Q4 EPS of 51 cents, below consensus of 52 cents, and said fiscal 2014 revenue will be flat vs. 2013 at $52.7 billion, below consensus of $53.21 billion.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.29%) this morning are up +6.00 points (+0.33%). The S&P 500 on Thursday fell back from Wednesday’s record high after mixed quarterly earnings results spurred profit-taking and long liquidation. Declines were subdued after U.S. weekly initial unemployment claims fell -2,000 to a 6-week low of 326,000 and after the Jan Philadelphia Fed manufacturing index rose +3.0 to 9.4, slightly stronger than expectations of 8.7. Closes: S&P 500 -0.13%, Dow Jones -0.39%, Nasdaq 100 +0.04%.
Mar 10-year T-notes (ZNH14 +0.08%) this morning are up +1 tick. Mar 10-year T-note futures prices on Thursday closed higher. Bullish factors included (1) increased safe-haven demand for T-notes as stocks faltered, and (2) U.S. Treasury data that showed China, the world’s biggest holder of U.S. debt, increased its Treasury holdings in Nov by +$12.2 billion to record $1.317 trillion, and Japan, the world’s second biggest holder of U.S. debt, increased its Treasury holdings in Nov by +$12 billion to a record $1.186 trillion. Closes: TYH4 +9.5, FVH4 +4.75.
The dollar index (DXY00 +0.10%) this morning is up +0.036 (+0.04%). EUR/USD (^EURUSD) is down -0.0023 (-0.17%). USD/JPY (^USDJPY) is up +0.07 (+0.07%). The dollar index on Thursday closed slightly lower. EUR/USD received a boost from comments from ECB Executive Board member Coeure who said Eurozone banks may not need another round of long-term loans as growth recovers in Europe. Closes: Dollar index -0.117 (-0.14%), EUR/USD +0.00146 (+0.11%), USD/JPY -0.206 (-0.20%).
Feb WTI crude oil (CLG14 +0.95%) this morning is up +56 cents (+0.60) and Feb gasoline (RBG14 +0.92%) is up +0.0096 (+0.37%). Feb crude oil and gasoline prices on Thursday closed lower. Pressuring crude prices was a report from OPEC saying that increased crude production from producers outside of OPEC will result in reduced demand for OPEC crude by -300,000 barrels a day this year compared with last year. Gasoline prices were undercut by negative carry-over from Wednesday’s EIA inventory report that showed weekly EIA gasoline stockpiles surged +6.183 million bbl to an 11-month high of 233.152 million bbl. Closes: CLG4 -0.21 (-0.22%), RBG4 -0.0313 (-1.19%).
GLOBAL EVENT CALENDAR01/17/2014
US0830 ETDec housing starts expected at -9.3% to 990,000, Nov +22.1% to 1.091 million. Dec building permits expected at -0.5% to 1.012 million, Nov -2.1% to 1.017 million.
0915 ETDec industrial production expected +0.3% m/m, Nov +1.1%. Dec manufacturing production expected +0.3%, Nov +0.6% m/m. Dec capacity utilization expected +0.1 to 79.1%, Nov +0.8 to 79.0%.
0955 ETPreliminary Jan U.S. consumer confidence (University of Michigan) expected +1.0 to 83.5, Dec +7.4 to 82.5.
1230 ETRichmond Fed President Jeffrey Lacker speaks on the economic outlook to the Richmond chapter of the Risk Management Association.
JPN0000 ETJapan Dec consumer confidence expected +0.5 to 43.0, Nov 42.5.
UK0430 ETUK Dec retail sales ex autos expected +0.3% m/m and +3.2% y/y, Nov +0.4% m/m and +2.3% y/y. Dec retail sales including autos expected +0.3% m/m and +2.5% y/y, Nov +0.3% m/m and +2.0% y/y.
EUR0500 ETEurozone Nov construction output, Oct -1.2% m/m and -2.4% y/y.
CHI2030 ETChina Dec property prices.
U.S. STOCK CALENDAR01/17/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
M&T Bank CorpMTB USBef-mktQ4 2013 Earnings ReleaseQ4 20131.91
Schlumberger LtdSLB US6:00Q4 2013 Earnings ReleaseQ4 20131.322
SunTrust Banks IncSTI US6:00Q4 2013 Earnings ReleaseQ4 20130.696
Bank of New York Mellon Corp/TheBK US6:30Q4 2013 Earnings ReleaseQ4 20130.541
General Electric CoGE US6:30Q4 2013 Earnings ReleaseQ4 20130.534
Comerica IncCMA US6:40Q4 2013 Earnings ReleaseQ4 20130.743
Morgan StanleyMS US7:15Q4 2013 Earnings ReleaseQ4 20130.44
Bank of New York Mellon Corp/TheBK US8:00Q4 2013 Earnings CallQ4 2013
Comerica IncCMA US8:00Q4 2013 Earnings CallQ4 2013
SunTrust Banks IncSTI US8:00Q4 2013 Earnings CallQ4 2013
SLM CorpSLM US8:00Q4 2013 Earnings CallQ4 2013
General Electric CoGE US8:30Q4 2013 Earnings CallQ4 2013
Schlumberger LtdSLB US9:00Q4 2013 Earnings CallQ4 2013

Thursday, January 16, 2014

Vascular Solution - Barchart's Chart of the Day

Vascular Solutions (VASC) is the Barchart Chart of the Day.  The medical equipment company has a Trend Spotter buy signal, a Weighted Alpha of 68.70+ and gained 50.68% in the last year.


The Chart of the Day is Vascular Solutions (VASC).  I found the stock by sorting the New High List for frequency in the last month and skipped any stocks that didn't have a positive gain for the last week and month.  I next used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/20 the stock gained 11.65%.

Vascular Solutions Inc. manufactures, markets and sells the Vascular Solutions Duett sealing device, which enables cardiologists and radiologists to rapidly seal the puncture site following catheterization procedures such as angiography, angioplasty and stenting. Its product combines a simple balloon catheter delivery mechanism with a powerful, proprietary procoagulant. The company believes its product offers advantages over both manual compression and the three other FDA-approved devices used to seal the puncture site following the catheterization.





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 21.66% in the last month
  • Relative Strength Index 74.65%
  • Barchart computes a technical support level at 74.65%
  • Recently traded at 24.42 with a 50 day moving average of 21.39
Fundamental factors:
  • Market Cap $410.10 million
  • P/E 34.77
  • Revenue predicted to grow 11.90% this year and another 11.60% next year
  • Earnings estimated to increase 12.90% this year, an additional 15.70% next year and continue to increase at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 buy recommendations on the stock
  • Financial Strength is B+
Looks like a good long haul stock.  Watch the 100 day moving average to determine when to take profits.



Today's Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks that had the most frequent advances in the last month, then eliminated any stocks that were not trading above their 20, 50 and 100 day moving averages.  Today's list includes Global Payments (GPN), NCR Corp (NCR), Advanced Micro Devices (AMD), Informatica Corp (INFA) and Synovus Financial (SNV):

Global Payments (GPN)


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 11.10% in the last month
  • Relative Strength Index 74.61
  • Barchart computes a technical support level at 69.34
  • Recently traded at 69.75 with a 50 day moving average of 63.61
NCR Corp (NCR)


Barchart technical indicators:
  • 48% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 16.10% in the last month
  • Relative Strength Index 77.28%
  • Barchart computes a technical support level at 36.20
  • Recently traded at 37.47 with a 50 day moving average of 34.47


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 21.14% in the last month
  • Relative strength Index 80.24%
  • Barchart computes a technical support level at 4.18
  • Recently traded at 4.47 with a 50 day moving average of 3.68

Barchrt 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 10.14% in the last month
  • Relative Strength Index 65.60%
  • Barchart computes a technical support level at 42.13
  • Recently traded at 42.89 with a 50 day moving average of 39.89


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 9.17% in the last month
  • Relative strength Index 67.64%
  • Barchart computes a technical support level at 3.48
  • Recently traded at 3.69 with a 50 day moving average of 3.44







BARCHART MORNING CALL 1/16

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 -0.16%) this morning are down -0.12% and European stocks are down -0.30%. Asian stocks closed mixed: Japan -0.39%, Hong Kong +0.37%, China +0.13%, Taiwan +0.11%, Australia +1.21%, Singapore -0.09%, South Korea +0.25%, India -0.11%. China's Shanghai Stock Index closed higher after foreign investment last month rose more than expected. Commodity prices are mixed. Feb crude oil (CLG14 +0.15%) is up +0.35%. Feb gasoline (RBG14 -0.51%) is down -0.38%. Feb gold (GCG14 +0.03%) is down -0.09%. March copper (HGH14 -0.36%) is down -0.21%. Agriculture and livestock prices are higher. The dollar index (DXY00 -0.02%) is down -0.02%. EUR/USD (^EURUSD) is up +0.04%. USD/JPY (^USDJPY) is up +0.16%. The Australian dollar tumbled to a 3-1/3 year low against the U.S. dollar on speculation the RBA may be forced to cut interest rates further after Australian employers unexpectedly cut -22,600 jobs last month, worse than expectations for a +10,000 increase. March T-note prices (ZNH14 +0.06%) are up +1.5 ticks.
In its monthly bulletin for Jan, the ECB stated that "the Governing Council strongly emphasizes that it will maintain an accommodative monetary policy stance for as long as necessary," which echoes the ECB policy statement released after its meeting Jan 9.
Eurozone Dec new car registrations jumped +13.3% y/y to 906,000, the fourth consecutive monthly gain and the largest monthly increase in nearly 4-years.
China Dec foreign direct investment rose +3.3% y/y, better than expectations of +2.5% y/y.
Japan Dec domestic CGPI rose +0.3% m/m, right on expectations, and gained +2.5% y/y, less than expectations of +2.6% y/y.
Japan Nov machine orders rose +9.3% m/m, well above expectations of +1.1% m/m and the biggest increase in 6-months. On a year-over-year basis, Nov machine orders climbed +16.6% y/y, better than expectations of +11.7% y/y.
The Japan Nov tertiary industry index rose +0.6% m/m, less than expectations of +0.7% m/m, and Oct was revised lower to -0.9% m/m from the originally reported -0.7% m/m.
U.S. STOCK PREVIEW
Today’s Dec CPI is expected to increase to +1.5% y/y from +1.2% in November. Meanwhile, the Dec core CPI is expected to be unchanged from November at +1.7% y/y. Today’s weekly initial unemployment claims report is expected to show a small decline of -2,000 to 328,000, adding to last week’s decline of -15,000 to 330,000. Meanwhile, today’s continuing claims report is expected to show a decline of -15,000 to 2.850 million, reversing part of last week’s increase of +50,000 to 2.865 million. Today’s Jan Philadelphia Fed manufacturing index is expected to show a small +2.2 point increase to 8.6, reversing most of December’s decline of -2.8 to 6.4. Today’s Jan NAHB housing market index is expected to be unchanged at 58, holding its ground after the +4 point increase to 58 seen in December.
There are 14 of the S&P 500 companies that report earnings today with notable reports including: Citigroup (consensus $0.95), Goldman Sachs (4.18), Intel (0.52), American Express (1.25), Charles Schwabb (0.21), Capital One (1.55), UniteHealth Group (1.41). Equity Conferences during the remainder of this week include: J.P. Morgan Healthcare Conference on Mon-Thu.


OVERNIGHT U.S. STOCK MOVERS
Goldman Sachs (GS +1.22%) reported Q4 EPS of $4.60, well ahead of consensus of $4.18.
CSX (CSX +1.21%) was upgraded to 'Buy' from 'Hold' at Argus.
Best Buy (BBY +1.40%) fell over 9% in pre-market trading after it reported holiday sales for the nine weeks ended Jan 4, 2014 were down -0.8% compared to teh same period last year.
UnitedHealth Group (UNH +1.11%) reported Q4 EPS of $1.41, right on expectations.
PNC Financial Services Group (PNC +1.08%) reported Q4 EPS of $1.83, better than consensus of $1.64.
BlackRock (BLK +0.72%) reported Q4 EPS of $4.92, well ahead of consensusu of $4.33
Reuters reported that an advisory panel to the U.S. FDA concluded that Merck's (MRK -0.91%) experimental blood clot-preventing drug vorapaxar should be approved to reduce the risk of further heart problems in people who have suffered a heart attack recently.
H.B. Fuller (FUL -0.36%) reported Q4 adjusted EPS of 68 cents, well below consensus of 75 cents.
Hirzel Capital reported a 6.0% passive stake in Aeropostale (ARO +0.65%) .
SAC Capital reported a 5.0% passive stake in Textura (TXTR -3.77%) .
J.C. Penney (JCP +1.15%) rose nearly 2% in after-hours trading after ut said it will close 33 stores and cut 2,000 jobs.
Kinder Morgan (KMI -0.03%) reported Q4 EPS of 33 cents, weaker than consensus of 35 cents.
CSX (CSX +1.21%) fell over 3% in after-hours trading after it reported Q4 EPS of 42 cents, below consensus of 43 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.16%) this morning are down -2.25 points (-0.12%). The S&P 500 on Wednesday rallied to a fresh record high and closed moderately higher. Bullish factors included (1) the World Bank’s hike in its 2014 global GDP estimate to 3.2% from a June projection of 3.0%, and (2) the jump in the Jan Empire manufacturing index to 12.51 from an upwardly revised 2.22 in Dec, better than expectations of 3.50 and the fastest pace of expansion in 20 months. Closes: S&P 500 +0.52%, Dow Jones +0.66%, Nasdaq 100 +0.82%.
Mar 10-year T-notes (ZNH14 +0.06%) this morning are up +1.5 ticks. Mar 10-year T-note futures prices on Wednesday closed lower on reduced safe-haven demand after stocks rallied and the Jan Empire manufacturing index expanded at its fastest pace in 20 months, which bolsters the prospects for the Fed to keep on tapering QE3. Closes: TYH4 -6.5, FVH4 -4.50.
The dollar index (DXY00 -0.02%) this morning is down -0.013 (-0.02%). EUR/USD (^EURUSD) is up +0.0005 (+0.04%). USD/JPY (^USDJPY) is up +0.17 (+0.16%). The dollar index on Wednesday closed higher after the surge in the Jan Empire manufacturing index to a 20-month high signaled strength in the U.S. economy that will likely prompt the Fed to keep tapering QE3. EUR/USD retreated after Germany’s Federal Statistics Office said German 2013 GDP growth expanded at a +0.4% y/y pace, weaker than expectations of +0.5% y/y and the slowest pace of growth in 4 years. Closes: Dollar index +0.378 (+0.47%), EUR/USD -0.0074 (-0.54%), USD/JPY +0.345 (+0.33%).
Feb WTI crude oil (CLG14 +0.15%) this morning is up +33 cents (+0.35%) and Feb gasoline (RBG14 -0.51%) is down -0.0099 (-0.38%). Feb crude oil and gasoline prices on Wednesday closed higher. Feb crude posted a 1-week high after weekly EIA crude inventories fell for a seventh straight week as they plunged -7.659 million bbl to a 1-3/4 yr low of 350.234 million bbl. Gasoline prices fell back from their best levels after weekly EIA gasoline stockpiles surged +6.183 million bbl to an 11-month high of 233.152 million bbl. Closes: CLG4 +1.58 (+1.71%), RBG4 +0.0040 (+0.15%).
GLOBAL EVENT CALENDAR01/16/2014
US0830 ETWeekly initial unemployment claims expected -2,000 to 328,000, previous -15,000 to 330,000. Weekly continuing claims expected -15,000 to 2.850 million, previous +50,000 to 2.865 million.
0830 ETDec CPI expected +0.3% m/m and +1.5% y/y, Nov unch m/m and +1.2% y/y. Dec CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Nov +0.2% m/m and +1.7% y/y.
0830 ETUSDA weekly Export Sales.
0915 ETSan Francisco Fed President John Williams presents a paper titled Monetary Policy at eh Zero Lower Bound: Putting Theory into Practice; and panel discussion on Quantitative Easing and Forward Guidance.
1000 ETJan Philadelphia Fed manufacturing index expected +2.2 to 8.6, Dec -2.8 to 6.4.
1000 ETJan NAHB housing market index expected unch at 58, Dec +4 to 58.
1100 ETTreasury announces amount of 10-year TIPS to be auctioned on Jan 23 (previous $13 billion).
1110 ETFed Chairman Ben Bernanke and San Francisco Fed President John Williams speak at an event titled The Fed Yesterday, Today and Tomorrow at the Brookings Institute.
EUR0200 ETEurozone Dec new car registrations, Nov +1.2%.
0500 ETRevised Eurozone Dec CPI, previous +0.8% y/y and Dec core CPI +0.7% y/y.
GER0200 ETRevised German Dec CPI, previous +0.5% m/m and +1.2% y/y EU harmonized.
U.S. STOCK CALENDAR01/16/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
PNC Financial Services Group Inc/ThePNC USBef-mktQ4 2013 Earnings ReleaseQ4 20131.636
PPG Industries IncPPG USBef-mktQ4 2013 Earnings ReleaseQ4 20131.726
Huntington Bancshares Inc/OHHBAN USBef-mktQ4 2013 Earnings ReleaseQ4 20130.173
Charles Schwab Corp/TheSCHW USBef-mktQ4 2013 Earnings ReleaseQ4 20130.208
BlackRock IncBLK USBef-mktQ4 2013 Earnings ReleaseQ4 20134.328
BB&T CorpBBT USBef-mktQ4 2013 Earnings ReleaseQ4 20130.717
UnitedHealth Group IncUNH US6:00Q4 2013 Earnings ReleaseQ4 20131.405
Goldman Sachs Group Inc/TheGS US7:30Q4 2013 Earnings ReleaseQ4 20134.18
Citigroup IncC US8:00Q4 2013 Earnings ReleaseQ4 20130.953
American Express CoAXP USAft-mktQ4 2013 Earnings ReleaseQ4 20131.25
Intel CorpINTC USAft-mktQ4 2013 Earnings ReleaseQ4 20130.518
SLM CorpSLM USAft-mktQ4 2013 Earnings ReleaseQ4 20130.725

Wednesday, January 15, 2014

NCR Corp - Barchart's Chart of the Day

NCR Corp (NCR) is the Barchart Chart of the Day.  The relationship technology stock has a Trend Spotter buy signal, a Weighted Alpha of 33.30+ and gained 36.49% in the last year.

The Chart of the Day is NCR Corp (NCR).  I found the stock by sorting today's  New High List, eliminated the stocks not having positive gains in the last week and month and then used the Flipchart feature to review the charts.  Using this method help you locate stock that have done recent turnarounds before the rest of the heard notices.  Since the Trend Spotter signaled a buy on 1/8 the stock gained 7.28%.

They provide Relationship Technology solutions for the retail, financial, communications, travel and transportation, and insurance markets. NCR's Relationship Technology solutions include privacy-enabled Teradata warehouses, ATMs and store automation. The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and world-leading hardware technology.



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:

  • 48% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 16.16% in the last month
  • Relative Strength Index 77.48%
  • Barchart computes a technical support level at 35.10
  • Recently traded at 37.57 with a 50 day moving average of 34.47
Fundamental factors:
  • Market Cap $6.24 billion
  • P/E 13.31
  • Revenue predicted to grow 8.70% this year and another 6.10% next year
  • Earnings estimated to increase 11.60% this year, an additional 11.50% next year and continue to increase at an annual rate of 15.00% for the next 5 years
  • Wall Street brokerage firms issued 3 strong buy, 3 buy and 3 hold recommendations on the stock
  • Financial Strength is B+
This stock is into a price turnaround and you should use the 100 day moving average to gauge when to take profits.

Barchart Morning Call 1/15

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.20%) this morning are up +0.20% and European stocks are up +0.69% after the World Bank raised its global growth forecast. Asian stocks closed mostly higher: Japan +2.50%, Hong Kong +0.49%, China -0.18%, Taiwan +0.64%, Australia +0.64%, Singapore +0.62%, South Korea +0.30%, India +1.22%. Chinese stocks closed lower after China Dec new yuan loans rose at the slowest pace in a year and after the World Bank cut its China GDP estimate for this year. Commodity prices are mixed. Feb crude oil (CLG14 +0.54%) is up +0.54%. Feb gasoline (RBG14 -0.37%) is down -0.42%. Feb gold (GCG14 -0.65%)is down -0.57%. March copper (HGH14 -0.27%) is down -0.30%. Agriculture and livestock prices are mixed, although Feb cattle is up +0.09% at an all-time high. The dollar index (DXY00 +0.32%) is up +0.28%. EUR/USD (^EURUSD) is down -0.44% after a government report showed German growth slowed last year. USD/JPY (^USDJPY) is up +0.02%. March T-note prices (ZNH14 +0.05%) are up +0.5 of a tick.
The World Bank raised its 2014 global GDP estimate to 3.2%, up from a June projection of 3.0% and stronger than the 2.4% increase in 2013. The bank lowered its 2014 China GDP forecast to 7.7% from 8.0% forecast in Jun, but raised its Eurozone GDP estimate to 1.1% from 0.9%, and kept its U.S. GDP estimate at 2.8% and its projection for Japan GDP at 1.4%.
German 2013 GDP growth expanded at a +0.4% y/y annualized pace, weaker than expectations of +0.5% y/y annualized and the slowest pace of growth in 4-years.
China Dec new yuan loans were 482.5 billion yuan, less than expectations of 570.0 billion yuan and the lowest in a year.
Japan Dec machine tool orders jumped +28.0% y/y, the most in 2-1/3 years.
The Eurozone Nov trade balance (nsa) widened to a 17.1 billion euro surplus from a revised 16.8 billion euro surplus in Oct.
U.S. STOCK PREVIEW
Today’s Jan Empire manufacturing index is expected to show a +2.52 point increase to 3.50, adding to the small +3.19 point increase to 0.98 seen in December. Today’s Dec PPI report is expected to rise to +1.1% y/y from +0.7% in November. Meanwhile, the Dec core PPI is expected to be unchanged from November at +1.3% y/y. The Fed today will release its Beige Book survey of the economy in preparation for the upcoming FOMC meeting in two weeks (Jan 28-29). The Fed’s last Beige Book report, released on Dec 4, found that the U.S. economy “continued to expand at a modest to moderate pace from early October through mid-November.”
There are four of the S&P 500 companies that report earnings today: Bank of America (consensus $0.27), Fastenal (0.34), Kinder Morgan (0.34), CSX (0.43). Equity Conferences during the remainder of this week include: Biotech Showcase Investor Conference on Mon-Wed, J.P. Morgan Healthcare Conference on Mon-Thu, BMO Unconventional Resource Conference on Tue, Deutsche Bank Global Auto Industry Conference on Tue-Wed.


OVERNIGHT U.S. STOCK MOVERS
Bank of America (BAC +2.07%) reported Q4 EPS of 46 cents, well ahead of consensus of 27 cents.
Fastenal (FAST +1.64%) reported Q4 EPS of 33 cents, below consensus of 34 cents.
Airgas (ARG +1.23%) was downgraded to 'Sell' from 'Neutral' at Goldman.
Intel (INTC +3.96%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
Dick's Sporting (DKS +1.82%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
PetSmart (PETM +0.48%) was downgraded to 'Neutral' from 'Buy' at UBS.
Sanofi reported a 16.24% stake in Regeneron (REGN +11.78%) .
Chelsea Therapeutics (CHTP -8.00%) exploded higher by more than 150% in after-hours trading after it announced that the FDA voted 16-1 to recommend approval of Northera for the treatment of symptomatic neurogenic orthostatic hypotension.
Wells Fargo raised its price target range for Allergan (AGN +5.94%) to $132-$133 from $121-$122 and kept its 'Outperform' rating on the stock after Allergan received its first new Restasis patent and a district court found that Lumigan patents are valid.
Credit Suisse reported a 6.9% passive stake in Beazer Homes (BZH +1.03%) .
Watsco (WSO +2.17%) was downgraded to 'Sell' from 'Neutral' at Goldman.
General Motors (GM +1.11%) rose over 3% in after-hours trading after it announced a 30 cents per share quarterly common stock dividend, its first dividend since coming out of bankruptcy.
Credit Suisse reported a 5.36% passive stake in Chimera (CIM unch) .
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.20%) this morning are up +3.75 points (+0.20%). The S&P 500 on Tuesday recovered nearly all of Monday’s losses on reduced economic concerns after U.S. Dec retail sales rose +0.2% and +0.7% ex-autos, better than expectations of +0.1% and +0.4% ex-autos. Stocks also found carry-over support from gains in European equities after Eurozone Nov industrial production rose +1.8% m/m, stronger than expectations of +1.4% m/m, and after ECB Governing Council member Nowotny said “there is potential on the upside” for this year’s GDP in the Eurozone and that economic growth may exceed expectations. Closes: S&P 500 +1.08%, Dow Jones +0.71%, Nasdaq 100 +1.93%.
Mar 10-year T-notes (ZNH14 +0.05%) this morning are up +0.5 of a tick. Mar 10-year T-note futures prices on Tuesday closed lower after the stronger-than-expected Dec U.S. retail sales boosted expectations for the Fed to continue to taper its monthly bond purchases. Closes: TYH4 -13.0, FVH4 -8.25.
The dollar index (DXY00 +0.32%) this morning is up +0.226 (+0.28%). EUR/USD (^EURUSD) is down -0.0060 (-0.44%). USD/JPY (^USDJPY) is up +0.02 (+0.02%). The dollar index on Tuesday rebounded from a 1-1/2 week low and closed higher after stronger-than-expected U.S. Dec retail sales bolstered the outlook for the Fed to continue to taper its dollar-negative QE3 program. EUR/USD posted a 1-1/2 week high on the stronger-than-expected Eurozone Nov industrial production report along with upbeat comments from ECB Governing Council member Nowotny. USD/JPY rose as the yen weakened after the Japan Nov current account balance widened to a record. Closes: Dollar index +0.136 (+0.17%), EUR/USD +0.0008 (+0.06%), USD/JPY +1.218 (+1.18%).
Feb WTI crude oil (CLG14 +0.54%) this morning is up +50 cents (+0.54%) and Feb gasoline (RBG14 -0.37%) is down -0.0109 (-0.42%). Feb crude oil prices and Feb gasoline prices on Tuesday settled mixed. Feb crude gained after stronger-than-expected U.S. Dec retail sales bolstered the economic outlook and the prospects for increased energy demand. Feb gasoline tumbled to a 2-month low on expectations that Wednesday’s weekly EIA gasoline inventories will climb because last week’s severe cold weather kept consumers from driving and reduced gasoline demand. Closes: CLG4 +0.79 (+0.86%), RBG4 -0.0117 (-0.44%).
GLOBAL EVENT CALENDAR01/15/2014
US0700 ETWeekly MBA mortgage applications, previous +2.6% with purchase sub-index -0.5% and refi sub-index +4.6%.
0830 ETJan Empire manufacturing index expected +2.52 to 3.50, Dec +3.19 to 0.98.
0830 ETDec PPI expected +0.4% m/m and +1.1% y/y, Nov -0.1% m/m and +0.7% y/y. Dec PPI ex food & energy expected +0.1% m/m and +1.3% y/y, Nov +0.1% m/m and +1.3% y/y.
1030 ETEIA Weekly Petroleum Status Report.
1250 ETChicago Fed President Charles Evans discusses current economic conditions and monetary policy at the Corridor Economic Forecast Luncheon in Coralville, Iowa.
1400 ETFed releases Beige Book.
1745 ETAtlanta Fed President Dennis Lockhart speaks on the economic outlook to the CFA Society of Atlanta.
JPN0100 ETJapan Dec machine tool orders, Nov +15.4% y/y.
1850 ETJapan Nov tertiary industry index expected +0.7% m/m, Oct -0.7% m/m.
1850 ETJapan Nov machine orders expected +1.1% m/m and +11.7% y/y, Oct +0.6% m/m and +17.8% y/y.
1850 ETJapan Dec domestic CGPI expected +0.3% m/m and +2.6% y/y, Nov +0.1% m/m and +2.7% y/y.
EUR0500 ETEurozone Nov trade balance expected +16.5 billion euros (nsa), Oct +17.2 billion euros (nsa).
0805 ETECB Council member Yves Mersch peaks on a panel discussion titled The Eurozone in Five Years at an event in Germany.
UK1901 ETUK Dec RICS house price balance expected 60%, Nov 58%.
U.S. STOCK CALENDAR01/15/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
JPMorgan Chase & CoJPM US6:59Q4 2013 Earnings ReleaseQ4 20131.368
Wells Fargo & CoWFC US8:00Q4 2013 Earnings ReleaseQ4 20130.983
JPMorgan Chase & CoJPM US8:30Q4 2013 Earnings CallQ4 2013
Beam IncBEAM USSuntory Holdings Acquires Beam
GameStop CorpGME USDecember 2013 Sales and Revenue Release2013

Tuesday, January 14, 2014

Genmark Diagnostics - Barchart's Chart of the Day

Genmark Diagnostics (GNMK) is the Barchart Chart of the Day,  The molecular diagnostic stock has a Trend spotter buy signal, a Weighted Alpha of 30.30+ and gained 25.58% in the last year.


The Chart of the Day is Genmark Diagnostics (GNMK).  I found the stock by sorting the New High List for frequency in the last month, skipped the stocks that didn't have a positive gain for the last week and month and used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy on 12/20 the stock gained 11.92%.

It is a molecular diagnostics company focused on developing and commercializing its proprietary eSensor(R) detection technology. The eSensor' XT-8 system is the second generation in GenMark Dx's eSensor' platform, utilizing electrochemical detection technology to detect nucleic acids on a microarray. The XT-8 System enables multiplex detection of DNA and RNA targets. The Company has developed four diagnostic tests for use with its XT-8 System. Its Cystic Fibrosis Genotyping Test, which detects pre-conception risks of cystic fibrosis, and its Warfarin Sensitivity Test, which determines an individual's ability to metabolize the oral anticoagulant warfarin, have received FDA clearance. It has also developed a Respiratory Viral Panel Test, which detects the presence of major respiratory viruses, and a Thrombosis Risk Test, which detects an individual's increased risk of blood clots.



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:

  • 80% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 19.06% in the last month
  • Relative Strength Index 67.58%
  • Barchart computes a technical support level at 12.86
  • Recently traded at 13.99 with a 50 day moving average of 12.30
Fundamental factors:
  • Market Cap $564.36 million
  • Revenue predicted to be up 33.70% this year and another .90% nest year
  • Earnings estimated to be up 4.80% this year, flat next year, but increase at an annual rate of 30.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy and 4 buy recommendation on the stock
  • Financial Strength is B
The stock looks good for the long haul but has some volatility so use the 100 day moving average as your exit point.

BARCHART MORNING CALL 1/14

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.21%) this morning are up +0.15% and European stocks are down -0.46% as they play catch-up with yesterday's late-afternoon slide in U.S. stocks. Asian stocks closed mostly lower: Japan -3.08%, Hong Kong -0.43%, China +0.87%, Taiwan -0.21%, Australia -1.51%, Singapore -0.37%, South Korea -0.04%, India -0.48%. Japan's Nikkei Stock Index plunged over -3% to a 3-week low after Japan's Nov current-account deficit widened to a record. Commodity prices are mixed. Feb crude oil (CLG14 +0.25%) is up +0.22%. Feb gasoline (RBG14 -0.18%) is down -0.01%. Feb gold (GCG14 -0.28%) is down -0.27%. March copper (HGH14 -0.03%) is down -0.21%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.09%) is up +0.06%. EUR/USD (^EURUSD) is up +0.07% at a 1-1/2 week high on stronger-than-expected Eurozone Nov industrial production along with upbeat comments from ECB Governing Council member Nowotny. USD/JPY (^USDJPY) is up +0.54%. March T-note prices (ZNH14 -0.18%) are down -6 ticks.
Eurozone Nov industrial production rose +1.8% m/m, stronger than expectations of +1.4% m/m and the most in 3-1/2 years. On a year-over-year basis, Nov industrial production climbed +3.0% y/y, better than expectations of +1.8% y/y and the most in 2-1/4 years.
ECB Governing Council member Nowotny said "there is potential on the upside" for this year's GDP in the Eurozone, and that economic growth may exceed expectations as "the view for Europe as a whole is now much better than a year ago."
UK Dec CPI rose +0.4% m/m and +2.0% y/y, less than expectations of +0.5% m/m and +2.1% y/y with the +2.0% y/y increase the slowest annual pace of inflation in 4-years. The Dec core CPI rose +1.7% y/y, weaker than expectations of +1.8% y/y and matched October's increase as the slowest pace in 4-1/2 years.
The German Dec wholesale price index rose +0.4% m/m and fell -1.8% y/y.
The Japan Nov current account balance widened to a -592.8 billion yen deficit, a bigger deficit than expectations of -368.9 billion yen and the most since data began in 1985.
Japan Dec eco watchers survey of current conditions rose +2.2 to 55.7, more than expectations of +0.5 to 54.0 and the highest in 7-months. The Dec eco watchers survey outlook fell -0.1 to 54.7.
Japan Dec bankruptcies fell -15.73% y/y, the biggest decline in 10-months and the fourteenth consecutive monthly drop.
U.S. STOCK PREVIEW
Today’s Dec retail sales report is expected to show a small increase of +0.1%, falling back after the strong increase of +0.7% seen in November. Excluding the weak level of Dec auto sales, Dec retail sales are expected to show a more respectable increase of +0.4%. Today’s Dec import price index is expected to strengthen a bit to -0.6% y/y from -1.5% y/y in November. Today’s Nov business inventories report is expected to show an increase of +0.3%, adding to the +0.7% increase seen in October. There are three of the S&P 500 companies that report earnings today: JPMorgan (consensus $1.37), Wells Fargo (0.98), Linear Technology Corp (0.49).
Equity Conferences this week include: FMI Midwinter Executive Conference on Mon-Tue, North American (Detroit) International Auto Show-NAIAS 2014 on Mon-Tue, ICR Exchange Conference on Mon-Tue, Biotech Showcase Investor Conference on Mon-Wed, J.P. Morgan Healthcare Conference on Mon-Thu, BMO Unconventional Resource Conference on Tue, Deutsche Bank Global Auto Industry Conference on Tue-Wed.


OVERNIGHT U.S. STOCK MOVERS
JPMorgan Chase (JPM -1.35%) reported Q4 EPS of $1.40, better than consensus of $1.37.
Stanley Black & Decker (SWK -1.56%) was upgraded to 'Buy' from 'Hold' at KeyBanc.
Nokia (NOK -2.44%) was downgraded to 'Underperform' from 'Market Perform' at Raymond James.
Family Dollar (FDO -3.68%) was downgraded to 'Underweight' from 'Equal Weight' at Barclays.
Jabil Circuit (JBL -2.53%) was upgraded to 'Conviction Buy' from 'Neutral' at Goldman.
Qualcomm (QCOM -0.88%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.
Intel (INTC -0.12%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan with a $29 price target.
Danaher (DHR -1.97%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill.
General Mills (GIS -0.97%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
WellPoint (WLP -1.25%) raised guidance on fiscal 2013 adjusted EPS to $8.52 from 'at least' $8.40, above consensus of $8.51.
Standard & Poor's Ratings Services placed its ratings on Sears Holdings (SHLD -3.41%) on CreditWatch with negative implications following Sears' earnings guidance update that results for Q4 ending Feb. 1 will be much weaker than expectations.
Yum! Brands (YUM -2.15%) gained 1% in after-hours trading after it reported that December same-store sales increased an estimated 2% for its China Division, but then reversed and fell over 1% after it reported its Q4 same-store sales declined an estimated 4% for the China Division.
Google (GOOG -0.64%) climbed 1.3% in pre-market trading after announced that it has entered into an agreement to buy Nest Labs for $3.2 billion in cash.
Bloomberg reported that Charter (CHTR -1.61%) offered to buy Time Warner Cable (TWC -0.72%) for about $132.50 a share, but then the Time Warner Cable board rejected the Charter offer, calling it 'grossly inadequate.'
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.21%) this morning are up +2.75 points (+0.15%). The S&P 500 on Monday fell sharply on long liquidation pressures sparked by valuation concerns with S&P 500’s P/E ratio near a 4-year high. Another negative for stocks was the upbeat comment from Atlanta Fed President Lockhart, who said he sees “growing confidence” in the 2014 outlook as the “weight of uncertainty” on the economy has diminished, which signals the Fed may continue to taper QE3. Closes: S&P 500 -1.26%, Dow Jones -1.08%, Nasdaq 100 -1.47%.
Mar 10-year T-notes (ZNH14 -0.18%) this morning are down -6 ticks. Mar 10-year T-note futures prices on Monday climbed to a 3-week high and settled higher on speculation that Friday’s smaller-than-expected increase in Dec payroll along could prompt the Fed to delay further QE3 tapering. Closes: TYH4 +9.0, FVH4 +5.00.
The dollar index (DXY00 +0.09%) this morning is up +0.051 (+0.06%). EUR/USD (^EURUSD) is up +0.0009 (+0.07%) at a 1-1/2 week high. USD/JPY (^USDJPY) is up +0.56 (+0.54%). The dollar index on Monday posted a 1-week low and closed lower. The dollar was undercut due to negative carry-over from Friday’s weaker-than-expected Dec non-farm payroll report, along with expectations that Tuesday’s U.S Dec retail sales report will show slower sales, which could produce a slower QE3 tapering. Closes: Dollar index -0.145 (-0.18%), EUR/USD +0.0002 (+0.01%), USD/JPY -1.139 (-1.09%).
Feb WTI crude oil (CLG14 +0.25%) this morning is up +20 cents (+0.22%) and Feb gasoline (RBG14 -0.18%) is down -0.0002 (-0.01%). Feb crude oil prices and Feb gasoline prices on Monday closed lower after Iran agreed to curtail its nuclear program and allow international nuclear inspectors in its country starting Jan 20. This may lead to a longer-term deal between Iran and the international community that eventually ends economic sanctions against Iran and puts crude oil from Iran, OPEC’s fifth biggest oil producer, back on the global market. Closes: CLG4 -0.92 (-0.99%), RBG4 -0.0350 (-1.31%).
GLOBAL EVENT CALENDAR01/14/2014
US0830 ETDec retail sales expected +0.1% and +0.4% ex-autos, Nov +0.7% and +0.4% ex-autos.
0830 ETDec import price index expected +0.4% m/m and -0.6% y/y, Nov -0.6% m/m and -1.5% y/y.
1000 ETNov business inventories expected +0.3%, Oct +0.7%.
1245 ETPhiladelphia Fed President Charles Plosser speaks on the economic outlook to the Union League of Philadelphia.
1320 ETDallas Fed President Richard Fisher speaks on the U.S. and regional economic outlook to the National Association of Corporate Directors.
JPN0000 ETJapan Dec eco watchers survey current expected +0.5 to 54.0, Nov 53.5. Dec eco watchers survey outlook, Nov 54.8.
GER0200 ETGerman Dec wholesale price index, Nov -0.2% m/m and -2/2% y/y.
UK0430 ETUK Dec PPI input prices expected -0.2% m/m and -1.5% y/y, Nov -0.7% m/m and -1.0% y/y.
0430 ETUK Dec PPI output prices expected unch m/m and +1.0% y/y, Nov -0.2% m/m and +0.8% y/y. Dec PPI output core expected unch m/m and +0.9% y/y, Nov -0.1% m/m and +0.7% y/y.
0430 ETUK Dec CPI expected +0.5% m/m and +2.1% y/y, Nov +0.1% m/m and +2.1% y/y. Dec CPI core expected +1.8% y/y, Nov +1.8% y/y.
0430 ETUK Dec RPI expected +0.5% m/m and +2.7% y/y, Nov +0.1% m/m and +2.6% y/y. Dec RPI ex mortgage interest payments expected +2.8% y/y, Nov +2.7% y/y.
EUR0310 ETECB Governing Council member Ewald Nowotny delivers keynote speech at a Euromoney conference n Vienna.
0500 ETEurozone Nov industrial production expected +1.4% m/m and +1.8% y/y, Oct -1.1% m/m and +0.2% y/y.
U.S. STOCK CALENDAR01/14/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
JPMorgan Chase & CoJPM US7:00Q4 2013 Earnings ReleaseQ4 20131.368
Wells Fargo & CoWFC US8:00Q4 2013 Earnings ReleaseQ4 20130.983
JPMorgan Chase & CoJPM US8:30Q4 2013 Earnings CallQ4 2013
Linear Technology CorpLLTC USAft-mktQ2 2014 Earnings ReleaseQ2 20140.487
Beam IncBEAM USSuntory Holdings Acquires Beam
GameStop CorpGME USDecember 2013 Sales and Revenue Release2013