Friday, April 4, 2014

Molson Coors Brewing Co - Barchart's Chart of the Day

Molson Coors Brewing Co (TAP) is the Barchart Chart of the Day.  The beverage brewer and distributor has a Trend Spotter buy signal, a Weighted Alpha of 22.90+ and gained 17.19% in the last year.  Prost!

The Chart of the Day is Molson Coors Brewing Co (TAP).  I found the stock by sorting the All Time High list for new highs frequency in the last month then used the Flipchart feature to review the charts.  Since the Trend spotter signaled a buy on 2/18 the stock gained 7.29%.

TAP is world's fifth-largest global brewer. Molson Coors Brewing Company has 15,000 employees worldwide, 18 breweries, and a broad portfolio of over 40 brands, including Molson Canadian, Coors Light and Carling.


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
  • 10 new highs and up 5.04% in the last month
  • Relative Strength Index 67.42%
  • Barchart computes a technical support level at 59.02
  • Recently traded at 59.79 with a 50 day moving average of 56.27
Fundamental factors:
  • Market Cap $9.68 billion
  • P/E 15.10
  • Dividend yield 2.49%
  • Revenue expected to grow .20% this year and another 1.90% next year
  • Earnings estimated to increase 3.30% this year, an additional 4.70% next year and continue to increase at an annual rate of 5.90% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 2 buy, 3 hold and 2 under perform recommendation on the stock
When times get tough the tough continue to drink.  Watch the 50 day moving averages as a caution signal and the 100 day moving average as an exit signal.

5 Great Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index to find the 5 stocks with the best technical indicators and charts and found Post Properties (PPS), Marriot Vacations WorldWide (VAC), USA Mobility (USMO), Stone Energy (SGY) and Piedmont Natural Gas (PNY):

Post Properties (PPS)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 1.80% in the last month
  • Relative Strength Index 64.54%
  • Barchart computes a technical support level at 49.19
  • Recently traded at 50.38 with a 50 day moving average of 48.25


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 5.80% in the last month
  • Relative Strength Index 76.94%
  • Barchart computes a technical support level at 56.91
  • Recently traded at 57.80 with a 50 day moving average of 52.16


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 27.69% in the last month
  • Relative Strength Index 76.87%
  • Barchart computes a technical support level at 18.47
  • Recently traded at 18.86 with a 50 day moving average of 15.35


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 15.19% in the last month
  • Relative Strength Index 69.61%
  • Barchart computes a technical support level at 41.64
  • Recently traded at 42.63 with a 50 day moving average of 35.70


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 3.83% in the last month
  • Relative Strength Index 60.76%
  • Barchart computes a technical support level at 35.40
  • Recently traded at 35.54 with a 50 day moving average of 33.94










Actions SemiConductor and Reeds Sell Signals

Today I deleted Reeds Inc (REED) and Actions Semiconductor (ACTS) from the Barchart Van Meerten Speculative portfolio for negative price momentum and technical indicators:

Reeds Inc (REED)


Barchart technical indicators:
  • 80% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 39.09% off its recent high
  • Relative Strength Index 27.02%


Barchart technical indicators:
  • 64% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 17.10% off its recent high
  • Relative Strength Index 39.25%




Gentex Sell Signals

Today I deleted Gentex (GNTX) from the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:
  • 80% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 12.23% off it's recent high
  • Relative Strength Index 39.56%


BARCHART MORNING CALL 4/4

OVERNIGHT MARKETS AND NEWS
June E-mini (ESM14 +0.20%) S&Ps this morning are up +0.16% and European stocks are up +0.15% on optimism that today's U.S. payrolls data for Mar may signal the economy is strengthening. Another positive for European stocks is signs of strength in German factory output after German Feb factory orders rose more than expected. Yesterday's comments from ECB President Draghi that the ECB may use quantitative easing to ward off deflation has boosted European government bonds as yields on Spanish, Italian and Irish securities all declined to record lows. Asian stocks closed mixed: Japan -0.05%, Hong Kong -0.24%, China +0.95%, Taiwan closed for holiday, Australia +0.24%, Singapore -0.23%, South Korea +0.05%, India -0.66%. Commodity prices are mixed. May crude oil (CLK14 +0.88%) is up +0.76%. May gasoline (RBK14 +0.31%) is up +0.15%. Jun gold (GCM14 +0.61%) is up +0.53%. May copper (HGK14 +0.66%) is up +0.69%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.02%) is up +0.03% at a 5-week high on expectations that today's U.S. Mar payrolls data will show employers added the most jobs in 4 months, which will bolster the case for further Fed tapering of QE3. EUR/USD (^EURUSD) is down -0.12% at a 5-week low. USD/JPY (^USDJPY) is down -0.02%. June T-note prices (ZNM14 -0.04%) are down -1.5 ticks.
German Feb factory orders rose +0.6% m/m, three times better than expectations of +0.2% m/m, while on an annual basis Feb factory orders rose +6.1% y/y, less than expectations of +6.8% y/y. Jan Factory orders were revised down to +0.1% m/m and +7.0% y/y, well below the previously reported +1.2% m/m and +8.4% y/y.
The German Mar Markit retail PMI fell -0.9 to 50.2, the slowest rate of expansion in 11 months.
The Eurozone Mar Markit retail PMI climbed +0.7 to 49.2
UK Mar Halifax house prices unexpectedly fell -1.1% m/m, weaker than expectations of +0.6% m/m and the biggest monthly decline in 1-3/4 years. On an annual basis, prices rose +8.7% y/y, less than expectations of +9.4% y/y.
U.S. STOCK PREVIEW
Unemployment report – Today’s March payroll report is expected to show an increase of +200,000, improving substantially from the weak average monthly increase of +129,000 seen in the previous three months (Dec +84,000, Jan +129,000, Feb +175,000). Meanwhile, today’s March unemployment rate is expected to show a -0.1 point decline to 6.6%, thus matching the 5-1/2 year low posted in January. There is one of the Russell 1000 companies that reports earnings today: CarMax (consensus $0.54). There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
JPMorgan Chase (JPM +0.30%) was upgraded to 'Outperform' from 'Neutral' at Macquarie.
CarMax (KMX -0.67%) reported Q4 EPS of 44 cents, weaker than consensus of 54 cents.
Genesco (GCO -0.62%) was upgraded to 'Buy' from 'Neutral' at Sterne Agee.
General Mills (GIS +1.18%) was downgraded to 'Hold' from 'Buy' at Argus.
Hasbro (HAS -0.92%) was downgraded to 'Hold' from 'Buy' at Needham.
GameStop (GME +2.35%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill.
Anadarko (APC +14.51%) was upgraded to 'Overweight' from 'Underweight' at JPMorgan Chase.
Fiat (FIATY +0.17%) was upgraded to 'Buy' from 'Neutral' at UBS.
Vodafone (VOD -1.25%) was downgraded to 'Neutral' from 'Buy' at Nomura.
David E. Lazovsky reported a 5.7% passive stake in Intermolecular (IMI +0.36%) .
SAC Capital lowered its passive stake in E-House (EJ -2.98%) to 2.2% from 5.6%.
Micron (MU -1.44%) reported Q2 adjusted EPS of 85 cents, better than consensus of 76 cents.
SYNNEX (SNX -1.53%) reported Q1 adjusted EPS of $1.25, well ahead of consensus of 94 cents.
Global Payments (GPN -0.31%) reported Q3 adjusted EPS of 96 cents, higher than consensus of 95 cents, and then raised guidance on fiscal 2014 EPS view to $4.06-$4.11 from $4.03-$4.10; consensus $4.10.
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.20%) this morning are up +3.00 points (+0.16%). The S&P 500 on Thursday posted a fresh record high but fell back and closed lower. Negative factors included (1) U.S. weekly jobless claims that rose +16,000 to 326,000, more than expectations of +8,000 to 319,000 and the most in 5-weeks, and (2) the U.S. Feb trade balance that widened to a -$42.3 billion deficit, more than expectations of -$38.5 billion and the biggest trade deficit in 5 months, which is negative for U.S. Q1 GDP. Closes: S&P 500 -0.11, Dow Jones unch, Nasdaq -0.77%.
Jun 10-year T-notes (ZNM14 -0.04%) this morning are down -1.5 ticks. Jun 10-year T-note futures prices on Thursday closed slightly higher. Supportive factors for T-notes included (1) the larger-than-expected increase in U.S. weekly initial unemployment claims to the most in 5 weeks, and (2) the widening of U.S. Feb trade deficit to a 5-month high, which has negative implications for U.S. Q1 GDP. Closes: TYM4 +1.50, FVM4 +0.50.
The dollar index (DXY00 +0.02%) this morning is up +0.024 (+0.03%) at a 5-week high. EUR/USD (^EURUSD) is down -0.0016 (-0.12%) at a 5-week low. USD/JPY (^USDJPY) is down -0.02 (-0.02%). The dollar index on Thursday rallied to a 5-week high and closed higher. Supportive factors for the dollar included (1) weakness in EUR/USD which fell to a 5-week low on signs the ECB is considering additional stimulus measures after ECB President Draghi said that “we do not exclude further monetary policy easing” to prevent “too prolonged a period of low inflation.” Also, the dollar rose on expectations that strength in Friday’s U.S. Mar payrolls report will keep the Fed’s tapering regime intact. Closes: Dollar index +0.260 (+0.32%), EUR/USD -0.00474 (-0.34%), USD/JPY +0.045 (+0.04%).
May WTI crude oil (CLK14 +0.88%) this morning is up +76 cents (+0.76%) and May gasoline (RBK14 +0.31%) is up +0.0043 (+0.15%). May crude and gasoline prices on Thursday closed higher after comments from ECB President Draghi suggested the ECB may provide additional stimulus to fight deflation risks, which may boost economic growth and energy demand. Gains were limited after the dollar index rallied to a 5-week high. Gasoline also found support on supply concerns after Wednesday’s EIA inventory data showed gasoline stockpiles dropped to a 4-month low. Closes: CLK4 +0.67 (+0.67%). RBK4 +0.0450 (+1.57%).
GLOBAL EVENT CALENDAR04/04/2014
US0030 ETDallas Fed President Richard Fisher speaks on monetary policy at the Asia Society Hong Kong Center.
0830 ETMar non-farm payrolls expected +200,000, Feb +175,000. Mar private payrolls expected +200,000, Feb +162,000. Mar manufacturing payrolls expected +6,000, Feb +6,000. Mar unemployment rate expected -0.1 to 6.6%, Feb +0.1 to 6.7%.
0830 ETMar avg hourly earnings expected +0.2% m/m and +2.3% y/y, Feb +0.4% m/m and +2.2% y/y. Mar avg weekly hours expected +0.2 to 34.4 hours, Feb 34.2.
GER0400 ETGerman Feb factory orders expected +0.2% m/m and +6.8% y/y, Jan +1.0% m/m and +8.4% y/y.
0410 ETGerman Mar Markit retail PMI, Feb 52.1.
EUR0410 ETEurozone Mar Markit retail PMI, Feb 48.5.
U.S. STOCK CALENDAR04/04/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
CarMax IncKMX USBef-mktQ4 2014 Earnings ReleaseQ4 20140.537
CarMax IncKMX US9:00Q4 2014 Earnings CallQ4 2014
Walt Disney Co/TheDIS USU.S. Box Office Release of Movie Captain America: The Winter Soldier""

Thursday, April 3, 2014

Western Gas Partners - Barchart's Chart of the day

Western Gas Partners (WES) is the Barchart Chart of the Day.  The mid stream energy partnership has a Trend Spotter buy signal, a Weighted Alpha of 23.60+ and gained 21.05% in the last year.

The Chart of the Day is Western Gas Partners (WES).  I found the stock by sorting the All Time High list for new high frequency in last month and then used the Flipchart feature to find the chart I liked.  Since the Trend Spotter signaled a high on 2/7 the stock gained 12.17%.

WES is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.


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
  • 11 new highs and up 5.92% in the last month
  • Relative Strength Index 77.52%
  • Barchart computes a technical support level at 66.14
  • Recently traded at 68.25 with a 50 day moving average of 63.04
Fundamental factors:
  • Market Cap $8.02 billion
  • P/E 37.26
  • Dividend yield 3.56%
  • Revenue predicted to grow 26.70% this year and another 18.70% next year
  • Earnings are estimated to increase by 22.40% this year, an additional 13.40%next year and continue to increase at an annual rate of 34.82% for the next 5 years
  • Wall Street analysts issued 6 strong buy, 5 buy and 4 hold recommendations on the stock.
Good long term total return stock.  Momentum player will want to use the 50 day moving average as a caution signal and the 100 day moving average to exit.

Wednesday, April 2, 2014

Novadaq Technologies - Barchart's Chart of the Day

Novadaq Technologies (NVDA) is the Barchart Chart of the Day.  The fluorescence imaging products company has a Trend Spotter buy signal, a Weighted Alpha of 129.01+ and gained 129.82% in the last year.

The Chart of the Day is Novadaq Technologies (NVDQ).  I found the stock by sorting the All Time High list for new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 4/1 the stock is up 3.13%.

NVDQ develops, manufactures and markets real-time fluorescence imaging products for use in the operating room and other clinical settings. The company's key markets include plastic reconstructive, gastrointestinal, cardiac and general surgery. It provides SPY imaging systems which enables surgeons to the visualize blood flow in vessels, co-joined vessels and micro-vessels.




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

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 16.26% in the last month
  • Relative Strength Index 70.36%
  • Barchart computes a technical support level at 21.57
  • Recently traded at 23.69 with a 50 day moving average of 20.62
Fundamental factors:
  • Market Cap $1.30 billion
  • Revenue expected to grow 43.50% this year and another 63.30% next year
  • Earnings estimated to increase by 146.70% next year and continue to increase at an annual rate of 30.00% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 5 buy, 1 hold and 1 under perform recommendations on the stock
Watch this stock closely, it can fall as fast and it rose.  Use the 50 day moving average as a caution signal and the 100 day moving average to protect profits.

Today's 5 Best Mid Caps

Today I used Barchart to find the stocks in the S&P 400 Mid Cap Index that had the best technical buy signals and charts.  First I sorted the Index for the highest technical buy signals then used the Flipchart feature to find the charts I liked.  This meant skipping a lot of charts.

Today's list includes Waddell and Reed Financial (WDR), Thor Industries (THI), Teleflex (TFX), SL Green Realty (SLG) and Raymond James Financial (RJF):

Waddell and Reed Financial (WDR)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 9.27% in the last month
  • Relative Strength Index 68.45%
  • Barchart computes a technical support level at 74.19
  • Recently traded at 76.16 with a 50 day moving average of 69.42


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 11.93% in the last month
  • Relative Strength Index 68.73%
  • Barchart computes a technical support level at 59.84
  • Recently traded at 62.67 with a 50 day moving average of 56.17
Teleflex (TFX)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 6.28% in the last month
  • Relative Strength Index 75.77%
  • Barchart computes a technical support level at 105.68
  • Recently traded at 108.28 with a 50 day moving average of 99.62


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 2.05% in the last month
  • Relative Strength Index 62.24%
  • Barchart computes a technical support level at 99.72
  • Recently traded at 101.32 with a 50 day moving average of 97.07


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 6.25% in the last month
  • Relative Strength Index 66.70%
  • Barchart computes a technical support level at 54.21
  • Recently traded at 56.10 with a 50 day moving average of 52.38










BARCHART MORNING CALL 4/2

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.09%) this morning are up +0.09% and European stocks are up +0.02% on optimism that today's U.S. data on Mar ADP employment will show job growth accelerated and data on Feb factory orders will show the U.S. economic recovery is gathering steam following the harsh winter. Asian stocks closed mostly higher: Japan +1.04%, Hong Kong +0.34%, China +0.81%, Taiwan +0.36%, Australia +0.26%, Singapore -0.18%, South Korea +0.29%, India +0.47%. Japan's Nikkei Stock index climbed to a 3-week high as exporters rallied after the yen fell to a 2-1/4 month low against the dollar, which boosts the earnings prospects for exporters. Commodity prices are mixed. May crude oil (CLK14 -0.50%) is down -0.46%. May gasoline (RBK14 -1.01%) is down -0.78%. Jun gold (GCM14 +0.30%) is up +0.30%. May copper (HGK14 +0.94%) is up +0.79% at a 3-week high on concern that an 8.2 magnitude earthquake in Chile, the world's biggest copper producer, may have damaged mining operations in the country. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.01%) is down -0.01%. EUR/USD (^EURUSD) is down -0.04%. USD/JPY (^USDJPY) is up +0.04% at a 2-1/4 month high. June T-note prices (ZNM14 -0.10%) are down -5 ticks.
Eurozone Feb PPI fell -0.2% m/m and -1.7% y/y, a bigger decrease than expectations of unch m/m and -1.6% y/y, with the -1.7% y/y drop the biggest annual decline in 4-years.
UK Mar nationwide house prices rose +0.4% m/m and +9.5% y/y, less than expectations of +0.8% m/m and +9.7% y/y, although the +9.5% y/y increase is the biggest annual gain in 3-3/4 years.
U.S. STOCK PREVIEW
Today’s March ADP employment report is expected to show an improvement to +195,000 from +139,000 in February. Today’s Feb factory orders report is expected to show an increase of +1.2%, more than recovering from the -0.7% decline seen in January. There is 1 of the Russell 1000 companies that reports earnings today: Monsanto (consensus $3.06). Equity conferences during the remainder of this week include: Pacific Crest Future Technology Investor Forum on Wed, Wolfe Research Power Gas Deep Dive Conference on Wed, Wells Fargo Tech Transformation Summit on Wed, Mitsubishi UFJ Securities Utilities Conference on Wed, Pacific Crest Future Technology Investor Forum on Wed, Wells Fargo Tech Transformation Summit on Wed-Thu, HSBC Real Estate Conference on Thu, and Wells Fargo Tech Transformation Summit on Thu.
OVERNIGHT U.S. STOCK MOVERS
Oppenheimer keeps an 'Outperform' rating on Yum! Brands (YUM +0.89%) as it raises its price target on the stock to $89 from $80.
Bernstein says shares of Google (GOOG +1.83%) are undervalued at current levels as it keeps an 'Outperform' rating on the stock and a price target of $1,500.
Carter's (CRI -0.99%) was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray.
Cognizant (CTSH +2.11%) was upgraded to 'Buy' from 'Neutral' at UBS.
Comerica (CMA -0.29%) was upgraded to 'Market Perform' from 'Underperform' at Wells Fargo, which cites improved commercial lending activity.
DSW (DSW +3.18%) was upgraded to 'Hold' from 'Sell' at Brean Capital due to valuation.
Urban Outfitters (URBN +0.49%) reports that its Q1 Same-Store-Sales to date are low single-digit negative.
MannKind (MNKD -16.77%) announced that a U.S. FDA advisory panel voted 13 to 1 to recommend that the Afrezza Inhalation Powder be granted FDA marketing approval to improve glycemic control in adults with type 1 diabetes.
Apollo Education (APOL +2.69%) fell over 3% in after-hours trading after it reported Q2 EPS ex special items of 28 cents, better than consensus of 19 cents, although it reported Q2 revenue of $679.1 mllion, below consensus of $689.04 million.
RA Capital reported a 8.0% passive stake in Enanta (ENTA -2.78%) .
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.09%) this morning are up +1.75 points (+0.09%). The S&P 500 on Tuesday posted a record high and closed higher. Bullish factors included signs of strength in the global economy after (1) the Mar ISM manufacturing index rose +0.5 to 53.7, a smaller increase than expectations of +0.8 to 54.0, although the Mar ISM new orders sub-index rose +0.6 to a 3-month high of 55.1, (2) the German Mar unemployment fell by a more-than-expected -12,000 with the German Mar unemployment rate unchanged at 6.7% (the lowest since data for a reunified Germany began in 1991), and (3) the China Mar manufacturing PMI rose +0.1 to 50.3, slightly better than expectations of -0.1 to 50.1. Closes: S&P 500 +0.70, Dow Jones +0.46%, Nasdaq +1.74%.
Jun 10-year T-notes (ZNM14 -0.10%) this morning are down -5 ticks. Jun 10-year T-note futures prices on Tuesday closed lower. Negative factors included (1) the rally in the S&P 500 to a record high, and (2) reduced geopolitical risks after Russian President Putin told German Chancellor Merkel that he ordered a partial withdrawal of Russian troops from the Ukraine border although that pull-back has yet to be seen. T-notes found support on the weaker-than-expected Mar ISM manufacturing index and the decline in the Mar ISM employment sub-index to a 9-month low. Closes: TYM4 -4.50, FVM4 -1.75.
The dollar index (DXY00 +0.01%) this morning is down -0.009 (-0.01%). EUR/USD (^EURUSD) is down -0.0006 (-0.04%). USD/JPY (^USDJPY) is up +0.04 (+0.04%) at a 2-1/4 month high. The dollar index on Tuesday closed slightly lower after a rally in the S&P 500 to a record high curbed safe-haven demand for the dollar. EUR/USD rose after German Mar unemployment fell by a larger than expected -12,000 and the German Mar unemployment rate remained at a record low 6.7%. USD/JPY posted a 3-week high on reduced safe-haven demand for the yen as stocks rallied. Closes: Dollar index -0.006 (-0.01%), EUR/USD +0.00236 (+0.17%), USD/JPY +0.425 (+0.41%).
May WTI crude oil (CLK14 -0.50%) this morning is down -46 cents (-0.46%) and May gasoline (RBK14 -1.01%) is down -0.0223 (-0.78%). May crude and gasoline prices on Tuesday closed lower. Bearish factors included (1) the smaller-than-expected increase in the Mar ISM manufacturing index, a sign of reduced energy demand, and (2) expectations for Wednesday’s weekly EIA crude supplies to increase by +2.5 million bbl, the eleventh consecutive increase. Closes: CLK4 -1.84 (-1.81%). RBK4 -0.0482 (-1.65%).
GLOBAL EVENT CALENDAR04/02/2014
US0700 ETWeekly MBA mortgage applications, previous -3.5% with purchase sub-index +2.8% and refi sub-index -7.7%.
0815 ETMar ADP employment change expected +195,000, Feb +139,000.
0945 ETMar ISM New York, Feb 57.0.
1000 ETFeb factory orders expected +1.2%, Jan -0.7%.
1030 ETEIA Weekly Petroleum Status Report.
1255 ETAtlanta Fed President Dennis Lockhart speaks on the economic outlook to the Greater Miami Chamber of Commerce.
1600 ETSt. Louis Fed President James Bullard takes questions from reporters prior to a lecture in St. Louis, MO.
UK0200 ETUK Mar nationwide house prices expected +0.8% m/m and +9.7% y/y, Fen +0.6% m/m and +9.4% y/y.
EUR0500 ETEurozone Feb PPI expected unch m/m and -1.6% y/y, Jan -0.4% m/m and -1.4% y/y.
JPN1915 ETJapan Mar manufacturing & services composite PMI.
CHI2100 ETChina Mar non-manufacturing PMI, Feb +1.6 to 55.0.
U.S. STOCK CALENDAR04/02/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Monsanto CoMON USBef-mktQ2 2014 Earnings ReleaseQ2 20143.064
Monsanto CoMON US9:30Q2 2014 Earnings CallQ2 2014
AutoNation IncAN USMarch 2014 Sales and Revenue Release2014
Synopsys IncSNPS USAnnual General Meeting

Tuesday, April 1, 2014

Cabot Corp - Barchart's Chart of the day

Cabot Corp (CBT) is the Barchart Chart of the Day.  The chemical products stock has a Trend Spotter buy signal, a Weighted Alpha of 79.20+ and gained 79.12% in the last year.

The Chart of the Day is the Cabot Corp (CBT).  I found the stock by sorting the All Time High List for new high frequency in the last month and it was right near the top of the list.  Since the Trend Spotter signaled a buy on 2/14 the stock gained 13.78%.

CBT is a global specialty chemicals and materials company. Cabot's major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world.


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 signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 10.21% in the last month
  • Relative Strength Index 74.45%
  • Barchart computes a technical support level at 56.61
  • Recently traded at 59.61 with a 50 day moving average of 52.83
Fundamental factors:
  • Market Cap $3.82 billion
  • P/E 18.03
  • Dividend yield 1.40%
  • Revenue predicted to grow 7.50% this year and another 6.20% next year
  • Earnings estimated to increase by 27.10% this year, an additional 22.20% next year and continue to increase by 17.00% annually for the next 5 years
  • Wall Street analysts issued 3 strong buy, 3 buy and a hold recommendation on the stock
Looks like a good long range investment.  Use the 50 day moving average as a warning signal of weakness and the 100 day moving average to signal an exit point.

Today's 5 Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stock with the highest technical buy signals.  Today's list includes Western Digital (WDC), Constellation Brands (STZ), Ryder Systems (R), Qualcomm (QCOM) and Pall Corp (PLL):

Western Digital (WDC)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 7.36% in the last month
  • Relative Strength Index 70.32%
  • Barchart computes a technical support level at 87.12
  • Recently traded at 93.29 with a 50 day moving average of 86.62


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.42% in the last month
  • Relative Strength Index 65.84%
  • Barchart computes a technical support level at 82.80
  • Recently traded at 85.42 with a 50 day moving average of 80.47


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 7.00% in the last month
  • Relative Strength Index 70.53%
  • Barchart computes a technical support level at 78.57
  • Recently traded at 80.77 with a 50 day moving average of 74.53
Qualcomm (QCOM)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 6.22% in the last month
  • Relative Strength Index 65.76%
  • Barchart computes a technical support level at 78.29
  • Recently traded at 79.95 with a 50 day moving average of 75.79
Pall Corp (PLL)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 5.20% in the last month
  • Relative Strength Index 66.10%
  • Barchart computes a technical support level at 87.55
  • Recently traded at 90.53 with a 50 day moving average of 84.86










VSB, ATSG,CACB,HIL - Buy Signals

This last week I added a few stocks to the Barchart Van Meerten Speculative portfolio for positive technical indicators and charts.  They include VantageSouth Bancshares (VSB), Air Transport Services Group (ATSG), Cascade Bancorp (CABC) and Hill International (HIL):

VantageSouth Bancshares (VSB)


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 17.88% in the last month
  • Relative  Strength Index 66.15%
  • Barchart computes a technical support level at 6.71
  • Recently traded at 7.12 with a 50 day moving average of 6.20

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 24.10% in the last month
  • Relative Strength Index 73.28%
  • Barchart computes a technical support level at 7.63
  • Recently traded at 7.92 with a 50 day moving average of 6.83

Barchart technical indicators:
  • 56% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 14.96% in the last month
  • Relative Strength Index 63.12%
  • Barchart computes a technical support level at 5.42
  • Recently traded at 5.61 with a 50 day moving average of 5.04


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 24.22 in the last month
  • Relative Strength Index 71.30%
  • Barchart computes a technical support level at 5.11
  • Recently traded at 5.53 with a 50 day moving average of 4.70









BARCHART MORNING CALL 4/1

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.23%) this morning are up +0.27% at a 1-week high and European stocks are up +0.71% on reduced geopolitical risks after Russian President Putin told German Chancellor Merkel that he ordered a partial troop pullout of troops from near Ukraine's border. European stocks also benefited from a decline in German unemployment for a fourth month as the German Mar unemployment rate remained at a two decade low. Asian stocks closed mixed: Japan -0.24%, Hong Kong +1.34%, China +0.78%, Taiwan +0.27%, Australia -0.10%, Singapore +0.31%, South Korea +0.33%, India +0.27%. Chinese stocks closed higher after a gauge of Chinese manufacturing activity last month unexpectedly rose, while Japanese stocks fell after Japan's Q1 Tankan index of sentiment among large manufacturers rose less than expected. Commodity prices are mixed. May crude oil (CLK14 -0.29%) is down -0.32%. May gasoline (RBK14 -0.22%) is down -0.25%. Jun gold (GCM14 +0.01%) is up +0.12%. May copper (HGK14 -0.13%) is down -0.02%. Agriculture and livestock prices are mixed, although May soybeans are up +1.14% at a 6-1/2 month nearest-futures high. The dollar index (DXY00 -0.03%) is down -0.03%. EUR/USD (^EURUSD) is up +0.20%. USD/JPY (^USDJPY) is up +0.16%. June T-note prices (ZNM14 -0.05%) are down -3.5 ticks.
The German Mar unemployment change fell -12,000, a bigger decline than expectations of -10,000. The Mar unemployment rate was unchanged at 6.7% from a downward revised 6.7% in Feb that was originally reported at 6.8%. The 6.7% unemployment rate is the lowest since data for a reunified Germany began in 1991.
The Eurozone Feb unemployment rate was unchanged at 11.9% from a downward revised reading in Jan of 11.9% that was originally reported at 12.0%.
The Japan Q1 Tankan large manufacturing business conditions rose +1 point to 17, less than expectations of +3 to 19, but still the best level in 6-1/4 years.
Japan Feb labor cash earnings were unchanged y/y, better than expectations of -0.1% y/y.
The China Mar manufacturing PMI unexpectedly rose +0.1 to 50.3, better than expectations of -0.1 to 50.1.
U.S. STOCK PREVIEW
Today’s March ISM manufacturing index is expected to show an increase of +0.8 to 54.0, adding to the +1.9 point increase to 53.2 seen in February. Today’s March total vehicle sales report is expected to improve to 15.80 million units from 15.27 million units in February. There are 2 of the Russell 1000 companies that report earnings today: Apollo Education (consensus $0.19), and Tech Data Corp (1.93). Equity conferences during the remainder of this week include: Pacific Crest Future Technology Investor Forum on Wed, Wolfe Research Power Gas Deep Dive Conference on Wed, Wells Fargo Tech Transformation Summit on Wed, Mitsubishi UFJ Securities Utilities Conference on Wed, Pacific Crest Future Technology Investor Forum on Wed, Wells Fargo Tech Transformation Summit on Wed-Thu, HSBC Real Estate Conference on Thu, and Wells Fargo Tech Transformation Summit on Thu.
OVERNIGHT U.S. STOCK MOVERS
According to Beverage Digest, U.S. retail sales of carbonated soft drinks shrank 1% to $76.3 billion in 2013, representing the first downturn in dollar terms in at least 15 years, with soda volumes shrinking an estimated 3% last year, the ninth straight year of contraction. Beverage makers include Coca-Cola (KO -0.74%) , PepsiCo (PEP +0.66%) , Dr. Pepper Snapple (DPS +0.95%) , Monster Beverage (MNST -0.06%) and Starbucks (SBUX -0.43%) .
Potash (POT +1.86%) was downgraded to 'Hold' from 'Buy' at Cantor.
Oasis Petroleum (OAS -0.74%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
United Continental (UAL +3.89%) and LabCorp (LH +0.17%) were both upgraded to 'Buy' from 'Neutral' at UBS.
MetLife (MET +0.46%) was added to the U.S. 1 List at BofA/Merrill.
Huntington Ingalls Industries (HII +2.36%) said it received a $497 million government contract from the U.S. Coast Guard to build a seventh Legend-class National Security Cutter.
Crown Cork & Seal Company reported a 11.6% passive stake in AEP Industries (AEPI +0.98%) .
Strategic Value Partners reported a 9.4% passive stake in Genco Shipping (GNK +4.14%) .
Ionic Capital reported a 5.08% passive stake in LIN Media (LIN +0.72%) .
GLG Partners reported a 7.46% passive stake in Emerald Oil (EOX +0.15%) .
General Motors (GM -0.89%) said it will take a Q1 charge of up to $750 million for recall-related repairs.
Gabelli reported a 5.42% stake in BioScrip (BIOS +3.41%) .
Reuters reported that JPMorgan Chase (JPM +1.12%) failed to win dismissal of shareholder securities fraud lawsuit over "London whale" losses.
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.23%) this morning are up +5.00 points (+0.27%) at a 1-week high. The S&P 500 on Monday settled higher. Supportive factors included (1) reduced geopolitical risks after U.S. Secretary of State Kerry and Russian Foreign Minister Lavrov said that the U.S. and Russia agree on the need for a diplomatic solution to tensions over Ukraine, and (2) dovish comments from Fed Chair Yellen who said that “considerable slack” in the labor market is evidence that the Fed’s extraordinary accommodation will be needed for “some time.” Closes: S&P 500 +0.79, Dow Jones +0.82%, Nasdaq +0.68%.
Jun 10-year T-notes (ZNM14 -0.05%) this morning are down -3.5 ticks. Jun 10-year T-note futures prices Monday closed slightly lower. Strength in stocks reduced safe-haven demand for Treasuries, but that was offset by the weaker-than-expected Mar Chicago PMI and from dovish comments from Fed Chair Yellen who said the Fed’s extraordinary accommodation will be needed for “some time.” Closes: TYM4 -2.00, FVM4 +2.00.
The dollar index (DXY00 -0.03%) this morning is down -0.023 (-0.03%). EUR/USD (^EURUSD) is up +0.0028 (+0.20%). USD/JPY (^USDJPY) is up +0.17 (+0.16%). The dollar index on Monday closed lower after dovish comments from Fed Chair Yellen who said the U.S. economy will need support for “some time.” The dollar remained in negative territory after the Mar Chicago PMI slipped to its slowest pace of expansion in 7 months. USD/JPY rose to a 2-1/2 week high on reduced safe-haven demand for the yen as stocks rallied. Closes: Dollar index -0.076 (-0.09%), EUR/USD +0.00171 (+0.12%), USD/JPY +0.406 (+0.39%).
May WTI crude oil (CLK14 -0.29%) this morning is down -32 cents (-0.32%) and May gasoline (RBK14 -0.22%) is down -0.0072 (-0.25%). May crude and gasoline prices on Monday closed lower. An easing of geopolitical tensions undercut crude prices after U.S. Secretary of State Kerry and Russian Foreign Minister Lavrov said that the U.S. and Russia agree on the need for a diplomatic solution to tensions over Ukraine. Losses were limited as stocks rose and the dollar weakened after Fed Chair Yellen said that extraordinary accommodation will still be needed for “some time.” Closes: CLK4 -0.09 (-0.09%). RBK4 -0.0188 (-0.64%).
GLOBAL EVENT CALENDAR04/01/2014
US0945 ETRevised Mar Markit manufacturing PMI expected 55.9, previous -1.6 to 55.5.
1000 ETMar ISM manufacturing expected +0.8 to 54.0, Feb +1.9 to 53.2. Mar new orders index, Feb +3.3 to 54.5. Mar ISM prices paid expected -0.5 to 59.5, Feb -0.5 to 60.0.
1000 ETFeb construction spending expected +0.1%, Jan +0.1% m/m.
1700 ETMar total vehicle sales expected 15.80 million, Feb 15.27 million. Mar domestic vehicle sales expected 12.40 million, Feb 11.98 million.
JPN0100 ETJapan Mar vehicle sales, Feb +15.0% y/y.
GER0355 ETGerman Mar unemployment change expected -10,000, Feb -14,000. Mar unemployment rate expected unch at 6.8%.
EUR0500 ETEurozone Feb unemployment rate expected unch at 12.0%.
U.S. STOCK CALENDAR04/01/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Ford Motor CoF US4/1/2014March 2014 Sales and Revenue Call2014
Ford Motor CoF US4/1/2014March 2014 Sales and Revenue Release2014
General Motors CoGM US4/1/2014GM Testifies on Vehicle Recalls
Regal Entertainment GroupRGC US4/1/2014Ascendiant Quarterly Management Discussion Series
Apollo Education Group IncAPOL US4/1/2014Q2 2014 Earnings CallQ2 2014
Apollo Education Group IncAPOL US4/1/2014Q2 2014 Earnings ReleaseQ2 20140.191
Tech Data CorpTECD US4/1/2014Q4 2014 Earnings ReleaseQ4 20141.933