Friday, May 23, 2014

Blackstone Mortgage Trust - Barchart's Chart of the Day

Blackstone Mortgage Trust (BXMT) is the Barchart Chart of the Day.  The REIT has a Trend Spotter buy signal, a Weighted Alpha of 10.90+, gained 10.22% in the last year and paid a 6.54% dividend yield.

The Chart of the Day is Blackstone Mortgage Trust (BXMT).  I found the stock by sorting today's New High List for new high frequency in the last month, then used to Flipchart feature to find a chart I liked. Since the Trend spotter signaled another buy signal on 5/12 the stock gained 2.57%.

Blackstone Mortgage Trust, Inc. (BXMT) is a real estate investment trust. It operates as a real estate finance and investment management company. The company's investment programs focuses on loans and securities backed by commercial real estate assets.


The status of 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 4.01% in the last month
  • Relative Strength Index 74.39%
  • Barchart computes a technical support level at 29.26
  • Recently traded at 29.55 with a 50 day moving average of 28.71
Fundamental factors:
  • Market Cap $1.16 billion
  • P/E 26.92
  • Dividend yield 6.54%
  • Revenue expected to grow 232.90% this year and another 48.10% next year
  • Earnings estimated to increase 140.70% this year, an additional 16.40% next year and continue to increase annually at a rate of 10.00% for at least the next 5 years
  • Wall Street analysts issued 3 strong buy, 6 buy and 1 hold recommendation on the stock
This is an income stock with price momentum,  Treat as a total return stock. 

Thursday, May 22, 2014

Sequential Brands Group - Barchart's Chart of the Day

Sequential Brands Group (SQBG) is the Barchart Chart of the Day.  The licensing and brand management stock has a Trend Spotter buy signal, a Weighted Alpha of 91.90+ and gained 65.00% in the last year.

The Chart of the Day is Sequential Brands Group (SQBG).  I found the stock by sorting today's New 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 3/3 the stock soared 67.23%.

SQBG is a licensing and brand management company focused on promoting, marketing and licensing a portfolio of consumer brands. The Company's brands include William Rast and People's Liberation. It licenses its brands with respect to a broad range of products, including apparel, eyewear, footwear and fashion accessories, including handbags, watches and luggage.


The status of 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 16.06% in the last month
  • Relative Strength Index 74.56%
  • Barchart computes a technical support level at 9.17
  • Recently traded at 9.85 with a 50 day moving average of 8.45
Fundamental factors:
  • Market Cap $249.01 million
  • P/E 26.33
  • Revenue expected to grow 36.40% this year and another 10.20% next year
  • Earnings estimated to be down 28.60% this year but up again by 24.00% next year and continue to increase at an annual rate of 15.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 more buy recommendations on the stock
Closely watch the 50 day moving average for signs of momentum weakness and use the 100 day moving average as an exit point.

NASDAQ 100 Top Performers

This morning I used Barchart to find the NASDAQ 100 Index stocks that were having the best current price momentum.  I sorted the Index for new high frequency in the last month, then used the Flipchart feature to review the charts and find the ones that were trading above their 20, 50 and 100 day moving averages.

Today's list includes Liberty Global (LBTYA), Sandisk (SNDK), Expeditors International of Washington (EXPD), Gilead Sciences (GILD), and Equinix (EQIX):

Liberty Global (LBTYA)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 13.47% in the last month
  • Relative Strength Index 77.76%
  • Barchart computes a technical support level at 43.16
  • Recently traded at 45.50 with a 50 day moving average of 41.49
Sandisk (SNDK)


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 10.12% in the last month
  • Relative Strength Index 73.13%
  • Barchart computes a technical support level at 91.41
  • Recently traded at 93.61 with a 50 day moving average of 82.94


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 13.60% in the last month
  • Relative Strength Index 75.61%
  • Barchart computes a technical support level at 44.74
  • Recently traded at 45.66 with a 50 day moving average of 40.94

Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 13.44% in the last month
  • Relative Strength Index 66.59%
  • Barchart computes a technical support level at 80.19%
  • Recently traded at 82.66 with a 50 day moving average of 74.97
Equinix (EQIX0


Barchart technical indicators:
  • 56% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 8.17% in the last month
  • Relative Strength Index 64.12%
  • Barchart computes a technical support level at 192.99
  • Recently traded at 194.86 with a 50 day moving average of 184.19










BARCHART MORNING CALL 5/22

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.03%) this morning are up +0.05% at a 1-week high and European stocks are down -0.18%. U.S. stocks found support on stronger-than-expected Chinese manufacturing data, while European stocks slipped after German manufacturing activity rose at its slowest pace in 6 months. Asian stocks closed mostly higher: Japan +2.11%, Hong Kong +0.51%, China -0.22%, Taiwan +1.21%, Australia +1.02%, Singapore +0.12%, South Korea +0.35%, India +0.31%. China's Shanghai Stock Index shed early gains and closed lower despite the larger-than-expected increase in the China May HSBC manufacturing PMI to a 5-month high, while India's Sensex Stock Index posted another record high as it continues its recent bull run. Commodity prices are mixed. July crude oil (CLN14 -0.09%) is down -0.11%. July gasoline (RBN14 unch) is unch. Jun gold (GCM14 +0.79%) is up +0.68%. July copper (HGN14 +0.72%) is up +0.94%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 +0.08%) is up +0.04%. EUR/USD (^EURUSD) is down -0.09%. USD/JPY (^USDJPY) is up +0.19%. June T-note prices (ZNM14 -0.10%) are down -2.5 ticks.
The China May HSBC manufacturing PMI rose +1.6 to 49.7, better than expectations of +0.2 to 48.3 and the highest level in 5 months.
The German May Markit/BME manufacturing PMI fell -1.2 to 52.9, a larger decline than expectations of -0.1 to 54.0 and the slowest pace of expansion in 6 months.
The Eurozone May Markit composite PMI fell -0.1 to 53.9, right on expectations.
UK May CBI trends total orders rose +1 to 0, less than expectations of +4 to 3. May CBI trends selling prices unexpectedly fell -5 to 4, weaker than expectations of +1 to 10.
UK Apr public sector net borrowing rose +9.6 billion pounds, more than expectations of +3.4 billion pounds and the most in 5 months.
UK Q1 GDP was left unrevised at +0.8% q/q and +3.1% y/y, right on expectations, although Q1 private consumption was revised upward to +0.8% q/q from the originally reported +0.6% q/q and Q1 government spending was revised downward to +0.1% q/q from the originally reported +0.2% q/q.
The Japan May Markit/JMMA manufacturing PMI rose +0.5 to 49.9.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show an increase of +13,000 to 310,000, reversing part of last week’s -24,000 decline to 297,000. Meanwhile, today’s continuing claims report is expected to show an increase of +8,000 to 2.675 million, reversing most of last week’s decline of -9,000 to 2.667 million. Today’s April existing home sales report is expected to show an increase of +2.2% to 4.69 million, more than reversing the small -0.2% decline to 4.59 million seen in March. Today’s April leading indicators report is expected to show an increase of +0.4%, adding to the sharp increase of +0.8% seen in March. The Treasury today will sell $13 billion of 10-year TIPS.
There are 7 of the S&P 500 companies that report earnings today: HP (consensus $0.88), Dollar Tree (0.66), Patterson (0.66), Best Buy (0.19), Ross Stores (1.15), Gap (0.57), GameStop (0.57). Equity conferences this week include: UBS Global Oil and Gas conference on Mon-Thu, UBS Global Financial Services Conference on Tue-Thu, BMO Capital Markets Farm to Market Conference on Wed-Thu, Medical Devices & Diagnostics Business Review on Thu, St. Petersburg International Economic Forum (SPIEF) 2014 on Thu, and Bloomberg Industries & CME Group Precious Metals Forum on Fri.
OVERNIGHT U.S. STOCK MOVERS
Best Buy (BBY +2.80%) reported Q1 EPS of 33 cents, well ahead of consensus of 19 cents.
Signet Jewelers (SIG +2.13%) reported Q1 adjusted EPS of $1.29, better than consensus of $1.27.
Marathon Petroleum's Speedway (MPC -1.06%) will acquire Hess Retail (HES +1.44%) for $2.87 billion.
Dollar Tree (DLTR -2.19%) reported Q1 EPS of 67 cents, higher than consensus of 66 cents.
Keurig Green Mountain (GMCR -0.01%) was downgraded to 'Neutral' from 'Buy' at Roth Capital.
Sears (SHLD -3.66%) reported a Q1 EPS loss of -$3.79, over double consensus for a -$1.87 loss.
Patterson Companies (PDCO +0.91%) reported Q4 EPS of 61 cents, below consensus of 66 cents.
Raging Capital reported a 11.1% passive stake in GSI Technology (GSIT +1.09%) .
L Brands (LB +0.65%) reported Q1 EPS of 53 cents, higher than consensus of 52 cents.
Aegean Marine (ANW +2.53%) reported Q1 EPS of 11 cents, below consensus of 17 cents.
Williams-Sonoma (WSM +0.52%) climbed over 4% in after-hours trading after it reported Q1 EPS of 48 cents, higher than consensus of 44 cents.
Spartan Stores (SPTN +0.74%) reported Q1 EPS of 40 cents, better than consensus of 38 cents.
According to Reuters, Reynolds American (RAI +4.38%) is in advanced negotiations to acquire Lorillard (LO +10.40%) .
Synopsys (SNPS +0.76%) reported Q2 EPS of 65 cents, higher than consensus of 59 cents.
NetApp (NTAP +1.59%) reported Q4 EPS of 84 cents, stronger than consensus of 79 cents.
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.03%) this morning are up +1.00 point (+0.05%) at a 1-week high. The S&P 500 index on Wednesday closed higher. Bullish factors for stock included (1) upbeat Q1 company earnings results as Bloomberg data shows 75% of the S&P 500 companies that have reported earnings results beat estimates and that 53% of the companies exceeded sales projections, and (2) the Apr 29-30 FOMC minutes that stated Fed members saw little risk of inflation from continued stimulus. Closes: S&P 500 +0.81%, Dow Jones +0.97%, Nasdaq +0.98%.
Jun 10-year T-notes (ZNM14 -0.10%) this morning are down -2.5 ticks. Jun 10-year T-note futures prices on Wednesday closed lower as a rally in stocks reduced the safe-haven demand for Treasuries: TYM4 -6.00, FVM4 -2.75. T-notes recovered from their worst levels after the minutes of the Apr 29-30 FOMC meeting stated that policy makers said continued stimulus to push unemployment lower doesn't risk sparking an undesirable jump in the inflation rate.
The dollar index (DXY00 +0.08%) this morning is up +0.032 (+0.04%). EUR/USD (^EURUSD) is down -0.0012 (-0.09%). USD/JPY (^USDJPY) is up +0.19 (+0.19%). The dollar index on Wednesday closed higher: Dollar index +0.054 (+0.07%), EUR/USD -0.00148 (-0.11%), USD/JPY +0.036 (+0.04%). Bullish factors for the dollar included (1) the Apr 29-30 FOMC meeting minutes that stated policy makers saw little risk of inflation from continued stimulus to push the unemployment rate lower, and (2) weakness in EUR/USD which fell to a 3-1/4 month low on divergent monetary policies between the Fed, which is tapering stimulus, and the ECB which is expected to add to stimulus. This boosts the interest rate differentials in favor of the dollar over the euro.
July WTI crude oil (CLN14 -0.09%) this morning is down -11 cents (-0.11%). July gasoline (RBN14 unch) is unch. July crude and gasoline prices on Wednesday closed higher with July crude at a 1-month high: CLN4 +1.74 (+1.70%) RBN4 +0.0291 (+0.99%). Bullish factors included (1) the -7.226 million bbl plunge in weekly EIA crude inventories, a larger decline than expectations of unch, and (2) the -225,000 bbl drop in crude supplies at Cushing, OK, the delivery point for WTI futures, to a fresh 5-1/3 year low.
GLOBAL EVENT CALENDAR05/22/2014
US0830 ETWeekly initial unemployment claims expected +13,000 to 310,000, previous -24,000 to 297,000. Weekly continuing claims expected +8,000 to 2.675 million, previous -9,000 to 2.667 million.
0830 ETChicago Fed Apr national activity index expected -0.20 to 0.00, Mar 0.20.
0830 ETUSDA weekly Export Sales.
0945 ETPreliminary U.S. Markit May manufacturing PMI expected +0.1 to 55.5, Apr 55.4.
1000 ETApr existing home sales expected +2.2% to 4.69 million, Mar -0.2% to 4.59 million.
1000 ETApr leading indicators expected +0.4%, Mar +0.8%
1100 ETMay Kansas City Fed manufacturing index expected unch at 7, Apr 7.
1100 ETTreasury announces amount of 2-year T-notes (previous $32 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $35 billion), and 7-year T-notes (previous $29 billion) to be auctioned May 27-29.
1300 ETTreasury auctions $13 billion of 10-year TIPS.
1500 ETUSDA Apr Cold Storage.
GER0330 ETGerman May Markit/BME manufacturing PMI expected -0.1 to 54.0, Apr 54.1. May Market services PMI expected -0.2 to 54.5, Apr 54.7.
EUR0400 ETEurozone May Markit composite PMI expected -0.1 to 53.9, Apr 54.0.
UK0430 ETUK Apr public sector net borrowing expected +3.4 billion pounds, Mar +4.9 billion pounds.
0430 ETRevised UK Q1 GDP, previous +0.8% q/q and +3.1% y/y. Q1 private consumption expected +0.6% q/q, Q4 +0.4% q/q. Q1 government spending expected +0.2% q/q, Q4 unch q/q.
0430 ETUK Q1 total business investment expected +2.2% q/q, Q4 +2.4% q/q and +8.7% y/y.
0600 ETUK May CBI trends total orders expected 3, Apr -1. May CBI trends selling prices expected 10, Apr 9.
U.S. STOCK CALENDAR05/22/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Dollar Tree IncDLTR USBef-mktQ1 2015 Earnings ReleaseQ1 20150.664
Patterson Cos IncPDCO USBef-mktQ4 2014 Earnings ReleaseQ4 20140.657
Best Buy Co IncBBY US7:00Q1 2015 Earnings ReleaseQ1 20150.194
Aflac IncAFL US8:00Analyst BriefingY 2014
Best Buy Co IncBBY US8:00Q1 2015 Earnings CallQ1 2015
Franklin Resources IncBEN US8:30Investor DayY 2014
KeyCorpKEY US8:30Annual General MeetingY 2014
L Brands IncLB US8:30Annual General MeetingY 2014
Dollar Tree IncDLTR US9:00Q1 2015 Earnings CallC1 2015
Dollar Tree IncDLTR US9:00Q1 2015 Earnings CallQ1 2015
Home Depot Inc/TheHD US9:00Annual General MeetingY 2014
Lincoln National CorpLNC US9:00Annual General MeetingY 2014
McDonald's CorpMCD US9:00Annual General MeetingY 2014
L Brands IncLB US9:15Q1 2015 Earnings CallC1 2015
L Brands IncLB US9:15Q1 2015 Earnings CallQ1 2015
Tiffany & CoTIF US9:30Annual General Meeting
Interpublic Group of Cos Inc/TheIPG US9:30Annual General MeetingY 2014
Sealed Air CorpSEE US10:00Annual General MeetingY 2014
Patterson Cos IncPDCO US10:00Q4 2014 Earnings CallQ4 2014
Hasbro IncHAS US11:00Annual General MeetingY 2014
Vornado Realty TrustVNO US11:30Annual General MeetingY 2014
Intel CorpINTC US11:30Annual General MeetingY 2014
NextEra Energy IncNEE US14:00Annual General MeetingY 2014
Facebook IncFB US14:00Annual General MeetingY 2014
Williams Cos Inc/TheWMB US15:00Annual General Meeting
Ross Stores IncROST US16:00Q1 2015 Earnings ReleaseQ1 20151.153
Gap Inc/TheGPS US16:00Q1 2015 Earnings ReleaseQ1 20150.569
Ross Stores IncROST US16:15Q1 2015 Earnings CallQ1 2015
GameStop CorpGME US17:00Q1 2015 Earnings CallQ1 2015
Gap Inc/TheGPS US17:00Q1 2015 Earnings CallQ1 2015
Hewlett-Packard CoHPQ US17:00Q2 2014 Earnings CallQ2 2014
GameStop CorpGME USAft-mktQ1 2015 Earnings ReleaseQ1 20150.571
Hewlett-Packard CoHPQ USAft-mktQ2 2014 Earnings ReleaseQ2 20140.879
Cablevision Systems CorpCVC USAnnual General Meeting
Quanta Services IncPWR USAnnual General Meeting
Robert Half International IncRHI USAnnual General Meeting
Citrix Systems IncCTXS USAnnual General Meeting
Flowserve CorpFLS USAnnual General Meeting
CBS CorpCBS USAnnual General Meeting
United Parcel Service IncUPS USRoadshow - TorontoY 2014

Wednesday, May 21, 2014

Cross Timber Royalty Trust - Barchart's Chart of the Day

Cross Timber Royalty Trust (CRT) is the Barchart Chart of the Day.  The express oil royalty trust has a Trend Spotter buy signal, a Weighted Alpha of 26.40+, gained 19.52% in the last year and pays a 7.53% dividend.

The Chart of the Day is Cross Timber Royalty Trust (CRT).  I found the stock on the Signals Top Performer list and then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 3/25 the stock gained 10.42%.

Cross Timbers Royalty Trust (CRT) operates as an express trust in the United States. The company’s function is to collect and distribute monthly net profits income from royalty interests and overriding royalty interests to unitholders. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties producing oil and gas in Texas, Oklahoma, and New Mexico; and 75% net profits interests in seven oil-producing properties, including four properties in Texas and three properties in Oklahoma.


The status of 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
  • 14 new highs and up 12.99% in the last month
  • Relative Strength Index 76.82%
  • Barchart computes a technical support level at 32.76
  • Recently traded at 35.40 with a 50 day moving average of 31.59
Fundamental factors:
  • Market Cap $212.40 million
  • P/E 14.43
  • Dividend yield 7.53%
  • At this time no analysts are following this stock
This is an income stock so use both the dividend yield and price movement to calculate total return.

5 Great Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks with the best technical indicators and chart.  First I sorted for technical buy signals, then used the Flipchart feature to review the charts.

Today's list includes Stillwater Mining (SWC), Skechers USA (SKX), SAIA Inc (SAIA), Netscout Systems (NTCT) and Cal-Maine Foods (CALM):

Stillwater Mining (SWC)



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 12.03% on the last month
  • Relative Strength Index 62.13%
  • Barchart computes a technical support level at 16.38
  • Recently traded at 17.06 with a 50 day moving average of 15.47


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 19.63% in the last month
  • Relative Strength Index 64.20%
  • Barchart computes a technical support level at 41.14
  • Recently traded at 44.26 with a 50 day moving average of 37.61
SAIA Inc (SAIA)


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 15.05% in the last month
  • Relative Strength Index 67.34%
  • Barchart computes a technical support level at 41.61
  • Recently traded at 44.26 with a 50 day moving average of 39.07


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up 13.83% in the last month
  • Relative Strength Index 62.74%
  • Barchart computes a technical support level at 37.98
  • Recently traded at 39.29 with a 50 day moving average of 37.19


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 9.47% in the last month
  • Relative Strength Index 79.88%
  • Barchart computes a technical support level at 65.59
  • Recently traded at 68.370 with a 50 day moving average of 60.97











BARCHART MORNING CALL 5/21


OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.23%) this morning are up +0.19% and European stocks are up +0.04% ahead of a speech from Fed Chair Yellen later today. Asian stocks closed mixed: Japan -0.24%, Hong Kong +0.01%, China +0.95%, Taiwan -0.29%, Australia +0.08%, Singapore -0.11%, South Korea -0.24%, India -0.32%. China's Shanghai Stock Index rebounded from a 2-month low and closed higher on speculation that the dip in the stock index below the 2000 level triggered buying by state-linked funds to enter the market and buy Chinese stocks. Commodity prices are mixed. July crude oil (CLN14 +0.74%) is up +0.67% at a 1-month high after weekly API data showed crude supplies shrank by -10.3 million bbl last week. July gasoline (RBN14 +0.23%) is up +0.28%. Jun gold (GCM14 -0.42%) is down -0.25%. July copper (HGN14 -1.19%) is down -1.03% at a 1-week low after Moody's Investors Service lowered its outlook for China's property industry to negative from stable, citing a slowdown in home sales growth. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 +0.03%) is down -0.04%. EUR/USD (^EURUSD) is down -0.15%. USD/JPY (^USDJPY) is down -0.28% at a 3-1/2 month low after the BOJ refrained from additional stimulus measures and said "Japan's economy is expected to continue a moderate recovery as a trend." The British pound climbed to a 1-week high against the dollar after UK Apr retail sales beat expectations and after the minutes of the May 7-8 BOE meeting showed some policy makers said the arguments favoring a rate increase are growing. June T-note prices (ZNM14 -0.10%) are down -3 ticks.
UK Apr retail sales ex autos rose +1.8% m/m and +7.7% y/y, more than expectations of +0.5% m/m and +5.4% y/y with the +7.7 y/y gain the largest annual increase in 12 years. Apr retail sales including autos rose +1.3% m/m and +6.9% y/y, stronger than expectations of +0.4% m/m and +5.1% y/y with the +6.9% y/y gain the largest annual increase in 12 years.
The Eurozone Mar current account widened to a +20.9 billion euro surplus (nsa) from a downward revised +13.8 billion euro surplus in Feb.
The Japan Apr trade balance shrank to a -808.9 billion yen deficit from a downward revised -1.446 trillion yen deficit in Mar. Apr exports rose +5.1% y/y, better than expectations of +4.4% y/y. Apr imports gained +3.4% y/y, better than expectations of +1.2% y/y.

U.S. STOCK PREVIEW
The FOMC today will release the minutes from its April 29-30 meeting. There are 7 of the S&P 500 companies that report earnings today: Tiffany (consensus $0.78), PetSmart (1.02), Lowe's (0.60), Hormel Foods (0.56), Target (0.71), NetApp (0.79), L Brands (0.52).
Equity conferences this week include: UBS Global Healthcare Conference on Mon-Wed, UBS Global Oil and Gas conference on Mon-Thu, Goldman Sachs Basic Materials Conference on Tue-Wed, Wolfe Research Global Transportation Conference on Tue-Wed, SunTrust Robinson Humphrey Financial Services Unconference on Tue-Wed, UBS Global Financial Services Conference on Tue-Thu, Bank of America Merrill Lynch Services One-On-One Conference on Wed, National Association of Publicly Traded Partnerships NAPTP MLP Investor Confere on Wed, BMO Capital Markets Farm to Market Conference on Wed-Thu, Medical Devices & Diagnostics Business Review on Thu, St. Petersburg International Economic Forum (SPIEF) 2014 on Thu, and Bloomberg Industries & CME Group Precious Metals Forum on Fri.

OVERNIGHT U.S. STOCK MOVERS
Tiffany (TIF -2.78%) reported Q1 EPS of 97 cents, well above consensus of 78 cents.
Raymond James (RJF -1.88%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Citigroup raised its price target for ConocoPhillips (COP +0.14%) shares to $100 from $85 and keeps a 'Buy' rating on the stock.
Booz Allen (BAH -0.57%) reported Q4 adjusted EPS of 33 cents, higher than consensus of 31 cents.
TJX (TJX -7.62%) was upgraded to 'Buy' from 'Neutral' at SunTrust.
Hormel Foods (HRL -1.10%) reported Q2 EPS of 52 cents, below consensus of 56 cents.
Lowe's (LOW -0.07%) reported Q1 EPS of 58 cents, weaker than consensus of 60 cents.
Pratt & Whitney (UTX -1.67%) says it has 5,500 orders in backlog for geared turbofan engines.
Dycom (DY -3.18%) reported Q3 EPS of 23 cents, better than consensus of 22 cents.
Salesforce.com (CRM -0.64%) reported Q1 adjusted EPS of 11 cents, higher than consensus of 10 cents.
Analog Devices (ADI unch) rose 1% in after-hours trading after it reported Q2 EPS of 59 cents, higher than consensus of 56 cents.
Amgen (AMGN +0.12%) announced that The New England Journal of Medicine published results from a Phase 1 study that showed 'positive' data for asthma treatment with Amgen's 157 drug.
Intuit (INTU -0.30%) slipped nearly 4% in after-hours trading after it reported Q3 EPS of $3.53, better than consensus of $3.50, but then lowered guidance on Q4 EPS to 6 cents-8 cents, below consensus of 12 cents.

MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.23%) this morning are up +3.50 points (+0.19%). The S&P 500 index on Tuesday closed lower. Bearish factors for stock included (1) hawkish comments from Philadelphia Fed President Plosser who said that recent labor-market strength may mean the Fed starts to increase interest rates “sooner rather than later,” and (2) weakness in retailers after Staples, Dicks Sporting Goods and Urban Outfitters slumped on worse-than-estimated earnings. Closes: S&P 500 -0.65%, Dow Jones -0.83%, Nasdaq -0.42%.
Jun 10-year T-notes (ZNM14 -0.10%) this morning are down -3 ticks. Jun 10-year T-note futures prices on Tuesday closed higher as a slide in stocks boosted the safe-haven demand for Treasuries: TYM4 +8.50, FVM4 +5.50. Gains in T-note prices were limited after Philadelphia Fed President Plosser said that labor-market gains may mean the Fed will need to begin raising interest rates “sooner rather than later.”
The dollar index (DXY00 +0.03%) this morning is down -0.031 (-0.04%). EUR/USD (^EURUSD) is down -0.0021 (-0.15%). USD/JPY (^USDJPY) is down -0.28 (-0.28%) at a 3-1/2 month low. The dollar index on Tuesday closed higher: Dollar index +0.048 (+0.06%), EUR/USD -0.00076 (-0.06%), USD/JPY -0.168 (-0.17%). Supportive factors for the dollar included (1) weaker stocks that boosted safe-haven demand for the dollar, and (2) weakness in EUR/USD after ECB Council member Linde suggested he may favor additional ECB stimulus when he said the “most immediate risk in the Eurozone today” is the possibility of a scenario of low inflation during too prolonged a period.
July WTI crude oil (CLN14 +0.74%) this morning is up +69 cents (+0.67%) at a 1-month high. July gasoline (RBN14 +0.23%) is up +0.0082 (+0.28%). July crude and gasoline prices on Tuesday closed higher: CLN4 +0.22 (+0.22%) RBN4 +0.0054 (+0.18%). The main supportive factor for crude prices was the market expectation that Wednesday’s weekly EIA will show that crude supplies at Cushing, OK, the delivery point for WTI futures, slipped to a fresh 5-1/2 year low.

GLOBAL EVENT CALENDAR05/21/2014
US0700 ETWeekly MBA mortgage applications, previous +3.6% with purchase sub-index -0.1% and refi sub-index +6.8%.
1030 ETEIA Weekly Petroleum Status Report.
1100 ETFed Chair Janet Yellen delivers commencement speech at NYU.
1250 ETKansas City Fed President Esther George speaks on the U.S. economy and banking in Washington D.C.
1330 ETMinneapolis Fed President Narayana Kocherlakota speaks to the Economic Club of Minnesota.
1400 ETMinutes of the April 29-30 FOMC meeting.
EUR0400 ETEurozone Mar current account, Feb +13.9 billion euros (nsa).
1000 ETEurozone May consumer confidence expected +0.3 to -8.3, Apr -8.6.
UK0430 ETMinutes of the May 7-8 BOE policy meeting.
0430 ETUK Apr retail sales ex autos expected +0.5% m/m and +5.4% y/y, Mar -0.4% m/m and +4.2% y/y. Apr retail sales including autos expected +0.4% m/m and +5.1% y/y, Mar +0.1% m/m and +4.2% y/y.
CHI2145 ETChina May HSBC manufacturing PMI expected +0.2 to 48.3, Apr +0.1 to 48.1.

U.S. STOCK CALENDAR05/21/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Tiffany & CoTIF USBef-mktQ1 2015 Earnings ReleaseQ1 20150.775
PetSmart IncPETM USBef-mktQ1 2015 Earnings ReleaseQ1 20151.015
Lowe's Cos IncLOW US6:00Q1 2015 Earnings ReleaseQ1 20150.601
Hormel Foods CorpHRL US6:30Q2 2014 Earnings ReleaseQ2 20140.559
Target CorpTGT US7:30Q1 2015 Earnings ReleaseQ1 20150.708
Northrop Grumman CorpNOC US8:00Annual General MeetingY 2014
Tiffany & CoTIF US8:30Q1 2015 Earnings CallQ1 2015
Comcast CorpCMCSA US9:00Annual General MeetingY 2014
Hormel Foods CorpHRL US9:00Q2 2014 Earnings CallQ2 2014
Lowe's Cos IncLOW US9:00Q1 2015 Earnings CallQ1 2015
Avery Dennison CorpAVY US9:30Investment Community MeetingY 2014
ONEOK IncOKE US10:00Annual General MeetingY 2014
Mondelez International IncMDLZ US10:00Annual General MeetingY 2014
Halliburton CoHAL US10:00Annual General MeetingY 2014
PetSmart IncPETM US10:00Q1 2015 Earnings CallQ1 2015
Fossil Group IncFOSL US10:00Annual General Meeting
Boeing Co/TheBA US10:30Investor Conference
Target CorpTGT US10:30Q1 2015 Earnings CallQ1 2015
Quest Diagnostics IncDGX US10:30Annual General Meeting
Xcel Energy IncXEL US12:00Annual General MeetingY 2014
Amazon.com IncAMZN US12:00Annual General MeetingY 2014
Juniper Networks IncJNPR US12:00Annual General Meeting
Hartford Financial Services Group Inc/TheHIG US12:30Annual General MeetingY 2014
NetApp IncNTAP US16:01Q4 2014 Earnings ReleaseQ4 20140.793
CME Group Inc/ILCME US16:30Annual General MeetingY 2014
NetApp IncNTAP US17:00Q4 2014 Earnings CallQ4 2014
L Brands IncLB USAft-mktQ1 2015 Earnings ReleaseQ1 20150.519
PPL CorpPPL USAnnual General MeetingY 2014
Pinnacle West Capital CorpPNW USAnnual General Meeting
Roper Industries IncROP USAnnual General Meeting
Ross Stores IncROST USAnnual General Meeting
Stericycle IncSRCL USAnnual General MeetingY 2014
First Solar IncFSLR USAnnual General Meeting
DENTSPLY International IncXRAY USAnnual General Meeting
United Parcel Service IncUPS USRoadshow - MontrealY 2014
Amphenol CorpAPH USAnnual General Meeting

Tuesday, May 20, 2014

5 Great Mid Caps

Today I sorted the S&P 400 Mid Cap Index to find the stocks with the best technical indicators and charts.  First, I sorted for new highs frequency in the last month, then I used the Flipchart feature to review the charts.  I skipped over a lot of charts till I found the consistency I liked.

Today list includes Essex Property Trust (ESS), Mid-America Apartment Communities (MAA), Old Dominion Freight Lines (ODFL), Equinix (EQIX), and Omega Healthcare Investors (OHI):

Essex Property Trust (ESS)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 6.78% in the last month
  • Relative Strength Index 62.79%
  • Barchart computes a technical support level at 178.04
  • Recently traded at 179.28 with a 50 day moving average of 170.87


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 6.13% in the last month
  • Relative Strength Index 68.80%
  • Barchart computes a technical support level at 71.50
  • Recently traded at 72.33 with a 50 day moving average of 68.92


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 12.84% in the last month
  • Relative Strength Index 71.45%
  • Barchart computes a technical support level at 60.72
  • Recently traded at 62.40 with a 50 day moving average of 57.51
Equinix (EQIX)


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 9.82% in the last month
  • Relative Strength Index 70.14%
  • Barchart computes a technical support level at 192.30
  • Recently traded at 196.55 with a 50 day moving average of 183.96


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 6.17% in the last month
  • Relative Strength Index 68.42%
  • Barchart computes a technical support level at 36.05%
  • Recently traded at 36.50 with a 50 day moving average of 34.33










BARCHART MORNING CALL 5/20

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.03%) this morning are down -0.08% and European stocks are down -0.28%. Vodaphone Group Plc is down over 3% after predicting that profit will decline this year and Marks & Spencer Group Plc fell over 2% after UK's largest clothing retailer reported a third straight drop in annual profit. UK gilts declined and the British pound rose after UK Apr consumer prices rose more than expected. Asian stocks closed mostly higher: Japan +0.49%, Hong Kong +0.57%, China +0.02%, Taiwan -0.14%, Australia +0.21%, Singapore +0.09%, South Korea -0.14%, India +0.06%. Commodity prices are mixed. July crude oil (CLN14 +0.24%) is up +0.16%. July gasoline (RBN14 -0.18%) is down -0.14%. Jun gold (GCM14 -0.22%) is down -0.08%. July copper (HGN14 -0.52%) is down -0.36%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.06%) is up +0.08%. EUR/USD (^EURUSD) is down -0.08%. USD/JPY (^USDJPY) is down -0.12%. June T-note prices (ZNM14 -0.01%) are up +1.5 ticks.
ECB Council member and Bank of Spain Governor Linde said that the "most immediate risk in the Eurozone today" is the possibility of a scenario of low inflation during too prolonged a period.
German Apr PPI unexpectedly fell -0.1% m/m, less than expectations of unch and an on annual basis Apr PPI fell -0.9% y/y, right on expectations.
UK Apr CPI rose +0.4% m/m and +1.8% y/y, more than expectations of +0.3% m/m and +1.7% y/y. Apr core CPI rose +2.0% y/y, more than expectations of +1.8% y/y and the fastest pace of increase in 7 months.
Japan Apr nationwide department store sales fell -12.0% y/y, the biggest decline in 3 years.
The Japan Mar all industry activity index rose +1.5% m/m, less than expectations of +1.6% m/m.
The Japan Mar leading index CI was revised upward to 107.1 from the originally reported 106.5, still the lowest level in a year. The Mar coincident index was revised upward to 114.5 from the originally reported 114.0.
U.S. STOCK PREVIEW
There are no U.S. economic reports today. There are 7 of the S&P 500 companies that report earnings today: Medtronic (consensus $1.12), TJX (0.67), Analog Devices (0.56), Salesforce.com (0.10), Intuit (3.50), Home Depot (0.99), Staples (0.21).
Equity conferences this week include: EPG (Electrical Products Group) Spring Conference on Mon-Tue, J.P. Morgan Global Technology, Media and Telecom Conference on Mon-Tue, UBS Global Healthcare Conference on Mon-Wed, UBS Global Oil and Gas conference on Mon-Thu, CRU World Aluminum Conference on Tue, Bloomberg CFO Conference on Tue, Digital Summit Atlanta 2014 on Tue, J.P. Morgan Consumer & Retail Conference on Tue, Goldman Sachs Basic Materials Conference on Tue-Wed, Wolfe Research Global Transportation Conference on Tue-Wed, SunTrust Robinson Humphrey Financial Services Unconference on Tue-Wed, UBS Global Financial Services Conference on Tue-Thu, Bank of America Merrill Lynch Services One-On-One Conference on Wed, National Association of Publicly Traded Partnerships NAPTP MLP Investor Confere on Wed, BMO Capital Markets Farm to Market Conference on Wed-Thu, Medical Devices & Diagnostics Business Review on Thu, St. Petersburg International Economic Forum (SPIEF) 2014 on Thu, and Bloomberg Industries & CME Group Precious Metals Forum on Fri.
OVERNIGHT U.S. STOCK MOVERS
Dick's Sporting Goods (DKS +3.08%) reported Q1 adjusted EPS of 50 cents, lower than consensus of 52 cents.
J.C. Penney (JCP -3.80%) was downgraded to 'Underperform' from 'Market Perform' at Wells Fargo.
Staples (SPLS +1.13%) reported Q1 EPS of 18 cents, below consensus of 21 cents.
Home Depot (HD -1.11%) reported Q1 EPS of 96 cents, weaker than consensus of 99 cents.
Dow Chemical (DOW +0.73%) was upgraded to 'Outperform' from 'Market Perform' at Wells Fargo.
Credit Suisse raised Canadian Pacific's (CP +1.11%) price target to $205 from $183 and kept an 'Outperform' rating on the stock.
Donaldson (DCI +1.54%) reported Q3 EPS of 46 cents, below consensus of 47 cents.
Carnival (CCL +1.57%) rose almost 3% in pre-market tradng after it announced it will add two new ships to its fleet in Australia, making it Australia's biggest year-round fleet of cruise ships.
According to Bloombreg, Credit Suisse (CS -0.92%) will plead guilty to charges that it assisted American citizens in evading income taxes through the use of secret accounts and will pay $2.5 billion to resolve the 3-year probe.
Mast Capital Management reported a 5% passive stake in Ardmore Shipping (ASC +0.23%) .
Bristol-Myers reported a 5.35% passive stake in Alder Biopharmaceuticals (ALDR +0.40%) .
Urban Outfitters (URBN -0.11%) fell nearly 5% in after-hours trading after it reported Q1 EPS of 26 cents, below consensus of 27 cents.
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.03%) this morning are down -1.50 points (-0.08%). The S&P 500 index on Monday opened lower on Chinese economic concerns after weakness in China Apr new-home prices bolstered speculation the slowdown in China's housing market was spreading. Stocks recovered their losses and closed higher, however, on bullish factors that included (1) increased M&A activity after AT&T bought DirecTV for $48.5 billion, and (2) a rebound in internet and small-cap stocks on bargain hunting after the sectors had sold-off sharply over the past month: S&P 500 +0.38%, Dow Jones +0.12%, Nasdaq +0.79%.
Jun 10-year T-notes (ZNM14 -0.01%) this morning are up +1.5 ticks. Jun 10-year T-note futures prices on Monday closed slightly lower as a rally in stocks reduced safe-haven demand for Treasuries: TYM4 -1.50, FVM4 +1.750. Losses were limited after San Francisco Fed President Williams said "given where inflation is and where the labor market is, the Fed should not start raising interest rates until the second half of next year."
The dollar index (DXY00 +0.06%) this morning is up +0.062 (+0.08%). EUR/USD (^EURUSD) is down -0.0011 (-0.08%). USD/JPY (^USDJPY) is down -0.12 (-0.12%). The dollar index on Monday closed lower on reduced safe-haven demand for the dollar after U.S. stocks erased early losses and closed higher: Dollar index -0.050 (-0.06%), EUR/USD +0.0015 (+0.11%), USD/JPY +0.018 (+0.02%). USD/JPY fell to a 3-1/2 month low after a slide in global stocks boosted the safe-haven demand for the yen, while gains in EUR/USD were muted after ECB Executive Board member Mersch said that the chances of the ECB easing monetary policy further at the next meeting in June have risen "significantly."
July WTI crude oil (CLN14 +0.24%) this morning is up +16 cents (+0.16%). July gasoline (RBN14 -0.18%) is down -0.0041 (-0.14%). July crude and gasoline prices on Monday settled mixed: CLN4 +0.58 (+0.57%) RBN4 -0.0064 (-0.22%). July crude rose to a 3-1/2 week high on bullish factors that included (1) a weaker dollar, and (2) concern that an escalation of unrest in Libya will further reduce the country's oil exports after a Libyan military police chief said he disbanded Libya's parliament. July gasoline fell back from a 2-week high and closed lower on speculation that U.S. gasoline production will increase now that seasonal refinery maintenance has ended.
GLOBAL EVENT CALENDAR05/20/2014
US1230 ETPhiladelphia Fed President Charles Plosser speaks on the economic outlook to the Women in Housing & Finance at a luncheon in Washington D.C.
1300 ETNew York Fed President William Dudley speaks at an event hosted by the New York Association for Business Economics.
JPN0030 ETJapan Mar all-industry activity index expected +1.6% m/m, Feb -1.1% m/m.
0100 ETRevised Japan Mar leading index CI, previous 106.5. Revise Mar coincident index, previous 114.0.
0130 ETJapan Apr nationwide department store sales, Mar +25.4% y/y.
0200 ETRevised Japan Apr machine tool orders, previous +48.8% y/y.
1950 ETJapan Apr trade balance expected -646.3 billion yen, Mar -1.446 trillion yen. Apr exports expected +4.4% y/y, Mar +1.6% y/y. Apr imports expected +1.2% y/y, Mar +18.1% y/y.
2300 ETBank of Japan announces policy decision after 2-day meeting.
GER0200 ETGerman Apr PPI expected unch m/m and -0.9% y/y, Mar -0.3% m/m and -0.9% y/y.
UK0430 ETUK Apr CPI expected +0.3% m/m and +1.7% y/y, Mar +0.2% m/m and +1.6% y/y. Apr core CPI expected +1.8% y/y, Mar +1.6% y/y.
0430 ETUK Apr RPI expected +0.5% m/m and +2.6% y/y, Mar +0.2% m/m and +2.5% y/y. Apr RPI ex mortgage interest payments expected +2.7% y/y, Mar +2.5% y/y.
0430 ETUK Apr PPI input prices expected -0.2% m/m and -4.9% y/y, Mar -0.6% m/m and -6.5% y/y. Apr PPI output prices expected +0.2% m/m and +0.7% y/y, Mar +0.2% m/m and +0.5% y/y. Apr PPI output core prices expected +0.1% m/m and +1.0% y/y, Mar +0.1% m/m and +1.0% y/y.
U.S. STOCK CALENDAR05/20/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Donaldson Co IncDCI USBef-mktQ3 2014 Earnings ReleaseQ3 20140.47
Dick's Sporting Goods IncDKS USBef-mktQ1 2015 Earnings ReleaseQ1 20150.524
Medtronic IncMDT US7:15Q4 2014 Earnings ReleaseQ4 20141.122
TJX Cos Inc/TheTJX US9:30Q1 2015 Earnings ReleaseQ1 20150.668
Analog Devices IncADI US16:00Q2 2014 Earnings ReleaseQ2 20140.562
Tidewater IncTDW USAft-mktQ4 2014 Earnings ReleaseQ4 20140.625
Intuit IncINTU USAft-mktQ3 2014 Earnings ReleaseQ3 20143.498
Salesforce.com IncCRM USAft-mktQ1 2015 Earnings ReleaseQ1 20150.098
Home Depot Inc/TheHD USQ1 2015 Earnings ReleaseQ1 20150.986
Staples IncSPLS USQ1 2015 Earnings ReleaseQ1 20150.208