Friday, February 20, 2015

United Therapeutics - Barchart's Chart of the Day

United Therapeutics (UTHR) is the Barchart Chart of the Day.  The biomedical stock has a Trend Spotter buy signal and Weighted Alpha of 58.00+ and gained 51.91% in the last year.

The Chart of the Day is United Therapeutics (UTHR).  I found the stock by sorting the All Time High list for the stocks with the highest Technical buy signals then used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy on 1/13 the stock gained 15.60%.

United Therapeutics is a biotechnology company focused on combating cardiovascular, inflammatory, and infectious diseases with unique therapeutic products. These products include pharmaceuticals, arginine products and telemedicine services.


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


Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 10.10% in the last month
  • Relative Strength Index 76.59%
  • Barchart computes a technical support level at 152.48
  • Recently traded at 155.72 with a 50 day moving average of 137.69
Fundamental factors:
  • Market Cap $7.40 billion
  • P/E 42.98
  • Revenue expected to grow 1450% this year and another 15.20% next year
  • Earnings estimated to increase by 96.60% this year, an additional 53.20% next year and continue to compound at an annual rate of 27.63% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 4 buy, 9 hold and 2 under perform recommendations on the stock
The 100 day moving average vs the price has been an effective technical trading strategy on this stock and should continue to be used for entry and exit points.

Thursday, February 19, 2015

WPP - Barchart's Chart of the Day

WPP (WPPGY) is the Barchart Chart of the Day.  The advertising and marketing services company has Trend Spotter buy signal, a Weighted Alpha of 10.46+ and gained 2.42% in the last year.


The Chart of the Day belongs to WPP (WPPGY).  I found the stock by sorting the All Time High list for the stocks with the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/20 the stock gained 6.71%.

WPP plc operates as a communications services group. The Company is organized into various segments such as: Advertising, Media Investment Management, Consumer Insight, Public Relations & Public Affairs, Branding & Identity, Healthcare and Specialist Communications. WPP plc is based in Dublin, Ireland.


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
  • 7 new highs and up 10.02% in the last month
  • Relative Strength Index 67.64%
  • Barchart computes a technical support level at 113.60
  • Recently traded at 115.78 with a 50 day moving average of 106.90
Fundamental factors:
  • Market Cap $30.52 billion
  • Dividend yield 2.63%
  • Revenue expected to grow 5.80% next year
  • Earnings estimated to increase by 10.70% next year and continue to compound at an annual rate of 9.90% for the next 5 years
  • Wall Street analysts issued 2 strong buy and a hold recommendation on the stock
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy on this stocks and should continue to be used for entry and exit points

BARCHART MORNING CALL 2/19

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 -0.19%) this morning are down -0.07% due to weakness in energy producers as crude oil fell, while European stocks are up +0.46% at a 6-1/2 year high after the Greek government submitted a request to extend the availability of bailout funds for 6 months. Eurozone finance ministers are scheduled to assess the request later today and if they see room for an agreement the finance ministers will meet tomorrow. Asian stocks closed mixed: Japan +0.36%, Hong Kong, China, Taiwan, Singapore and South Korea closed for holiday, Australia -0.19%, India +0.48%. Japan's Nikkei Stock Index rose to a 14-3/4 year high on upbeat trade data after Japan Jan exports rose by the most in 14 months. Commodity prices are mixed. Mar crude oil (CLH15 -3.93%) is down -3.62% and Mar gasoline (RBH15 -2.04%) is down -1.85% at a 1-week low ahead of weekly EIA data that may show U.S. crude stockpiles rose for a sixth week to a record high. Apr gold (GCJ15 +1.74%) is up +1.48%. Mar copper (HGH15 -0.42%) is down -0.23%. Agriculture prices are mixed. The dollar index (DXY00 +0.18%) is unchanged. EUR/USD (^EURUSD) is down -0.05%. USD/JPY (^USDJPY) is up +0.19%. Mar T-note prices (ZNH15 -0.05%) are down -3 ticks.
The Japan Jan trade balance widened to a -1.177 trillion yen deficit, bigger than expectations of -1.681 trillion yen and the largest deficit in 10 months. Jan exports rose +17.0% y/y, better than expectations of +13.5% y/y and the biggest increase in 14 months. Jan imports fell -9.0% y/y, more than expectations of -4.9% y/y and the biggest decline in 5 years.
Japan Jan nationwide department store sales fell -2.8% y/y, the tenth consecutive month sales have declined.
UK Feb CBI trends total orders rose +6 to 10, better than expectations of 2 to 6 and the highest in 6 months. Feb CBI trends selling prices unexpectedly rose +14 to 8, more than expectations of -1 to -7 and the highest in 10 months.
U.S. STOCK PREVIEW
Today’s initial claims report is expected to show a -14,000 decline to 290,000. Today’s continuing claims report is expected to show a small +6,000 rise to 2.360 million after last week’s -51,000 decline to 2.354 million. Today’s Feb Philadelphia Fed business outlook survey is expected to show a +2.7 point increase to 9.0, stabilizing after January’s -18.0 point plunge to 6.3. Today’s Jan leading indicators index is expected to show a decent increase of +0.3%, adding to December’s strong increase of +0.5%.
There are 18 of the S&P 500 companies that report earnings today with notable reports including: Wal-Mart (consensus $1.54), Hormel Foods (0.64), Discovery Communications (0.45), Priceline (10.05), Newmont Mining (0.12), Consolidated Edison (0.55), Nordstrom (1.35). Equity conferences this week include: Consumer Analysts Group of New York Conference on Tue-Thu, and Barclays Industrial Select Conference on Wed-Thu.




OVERNIGHT U.S. STOCK MOVERS
Halliburton (HAL -1.07%) is down 2% and Exxon Mobil (XOM -2.19%) slid over 1% in pre-market trading as crude oil prices fell.
Hormel Foods (HRL +0.77%) reported Q1 EPS of 69 cents, well above consensus of 64 cents.
Priceline.com (PCLN +0.18%) reported Q4 EPS of $10.85, higher than consensus of $10.05.
Southwest Airlines (LUV +2.25%) was initiated with a 'Buy' at BofA/Merril Lynch with a price target of $52.
Regeneron (REGN +0.40%) reported positive results for its Eylea injection in patients with diabetic macular edema.
EOG Resources (EOG -1.22%) reported Q4 EPS of 79 cents, well below consensus of $1.02.
Marathon Oil (MRO -2.06%) reported Q4 adjusted EPS of 0, less than consensus of 3 cents.
Sunoco Logistics (SXL +1.63%) reported a Q4 EPS loss of -80 cents, well below consensus of a 37 cent profit.
Avis Budget (CAR -0.57%) reported Q4 EPS ex-items of 23 cents, above consensus of 20 cents.
Marriott (MAR +0.20%) reported Q4 EPS of 68 cents, higher than consensus of 65 cents.
Convergys (CVG +0.05%) reported Q4 adjusted EPS of 52 cents, better than consensus of 44 cents.
Synopsys (SNPS +0.94%) reported Q1 EPS of 80 cents, well above consensus of 62 cents.
Fidelity National (FNF -1.25%) reported Q4 EPS of 50 cents, higher than consensus of 47 cents.
Williams (WMB -1.95%) reported Q4 EPS of 26 cents, better than consensus of 23 cents.
ARRIS (ARRS +5.10%) reported Q4 adjusted EPS of 78 cents, well above consensus of 61 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 -0.19%) this morning are down -1.50 points (-0.07%). The S&P 500 index on Wednesday closed lower: S&P 500 -0.03%, Dow Jones -0.10%, Nasdaq +0.13%. Bearish factors included (1) the -2.0% decline in U.S. Jan housing starts to 1.065 million, weaker than expectations of -1.7% to 1.070 million, and (2) the +0.2% increase in U.S. Jan industrial production, weaker than expectations of +0.3%. Stocks recovered from their worst levels after the Jan 27-28 FOMC meeting minutes signaled policy makers may be inclined to keep interest rates lower for longer amid risks facing the economy.
Mar 10-year T-notes (ZNH15 -0.05%) this morning are down -3 ticks. Mar 10-year T-note futures prices on Wednesday rebounded from a 1-1/4 month low and closed higher. Closes: TYH5 +24.50, FVH5 +16.75. Bullish factors included (1) a lack of inflation at the wholesale level after the U.S. Jan final-demand PPI index fell -0.8% m/m, the largest monthly decline since the data series began in 2009, and (2) the Jan 27-28 FOMC meeting minutes stating that policy makers were inclined to keep the Fed funds rate near zero “for a longer time.”
The dollar index (DXY00 +0.18%) this morning is unchanged. EUR/USD (^EURUSD) is down -0.0006 (-0.05%). USD/JPY (^USDJPY) is up +0.22 (+0.19%). The dollar index on Wednesday closed higher: Dollar index +0.137 (+0.15%), EUR/USD -0.00138 (-0.12%), USD/JPY -0.451 (-0.38%). A bullish factor for the dollar was a lack of inflation pressures after the Jan PPI final-demand fell more than expected. The dollar fell back from it best levels after the Jan 27-28 FOMC meeting minutes signaled that Fed members may be inclined to delay raising interest rates due to risks facing the economy.
Mar WTI crude oil (CLH15 -3.93%) this morning is down -$1.89 a barrel (-3.62%) and Mar gasoline (RBH15 -2.04%) is down -0.0291 (-1.85%) at a 1-week low. Mar crude and Mar gasoline on Wednesday closed lower: CLH5 -1.39 (-2.60%), RBH5 -0.0311 (-1.96%). Negative factors included (1) the stronger dollar, and (2) expectations that Thursday’s weekly EIA data will show crude supplies rose +3.0 million bbl to a record high of 420 million bbl.
GLOBAL EVENT CALENDAR02/19/2015
US0830 ETWeekly initial unemployment claims expected -14,000 to 290,000, previous +25,000 to 304,000. Weekly continuing claims expected +6,000 to 2.360 million, previous 51,000 to 2.354 million.
1000 ETFeb Philadelphia Fed business outlook survey expected +2.7 to 9.0, Jan -18.0 to 6.3.
1000 ETJan leading indicators expected +0.3%, Dec +0.5%.
1100 ETEIA Weekly Petroleum Status Report.
1100 ETTreasury announces amount of 2-year T-notes (previous $26 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 Feb 24-26.
JPN0000 ETRevised Japan Dec leading index CI, previous +1.3 to 105.2. Revised Dc coincident index, previous +1.5 to 110.7.
0030 ETJapan Jan nationwide department store sales, Dec -1.7% y/y.
2035 ETJapan Feb Markit/JMMA manufacturing PMI expected +0.3 to 52.5, Jan 52.2.
EUR0400 ETEurozone Dec current account, Nov +24.6 billion euros (nsa).
1000 ETEurozone Feb consumer confidence expected +1.0 to -7.5, Jan -8.5.
UK0600 ETUK Feb CBI trends total orders expected +2 to 6, Jan 4. Feb CBI trends selling prices expected -1 to -7, Jan -6.
U.S. STOCK CALENDAR02/19/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
DIRECTVDTV USBef-mktQ4 2014 Earnings ReleaseQ4 20141.411
Noble Energy IncNBL USBef-mktQ4 2014 Earnings ReleaseQ4 20140.344
Quanta Services IncPWR USBef-mktQ4 2014 Earnings ReleaseQ4 20140.514
SCANA CorpSCG USBef-mktQ4 2014 Earnings ReleaseQ4 20140.737
Denbury Resources IncDNR USBef-mktQ4 2014 Earnings ReleaseQ4 20140.233
Wal-Mart Stores IncWMT USBef-mktQ4 2015 Earnings ReleaseQ4 20151.544
Hormel Foods CorpHRL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.644
Patterson Cos IncPDCO USBef-mktQ3 2015 Earnings ReleaseQ3 20150.594
Host Hotels & Resorts IncHST USBef-mktQ4 2014 Earnings ReleaseQ4 20140.384
Discovery Communications IncDISCA US7:00Q4 2014 Earnings ReleaseQ4 20140.447
Wal-Mart Stores IncWMT US7:00Q4 2015 Earnings Call - Pre - RecordedQ4 2015
Priceline Group Inc/ThePCLN US7:00Q4 2014 Earnings ReleaseQ4 201410.051
Priceline Group Inc/ThePCLN US7:30Q4 2014 Earnings CallQ4 2014
Discovery Communications IncDISCA US8:30Q4 2014 Earnings CallQ4 2014
Emerson Electric CoEMR US9:00Investor MeetingY 2015
EOG Resources IncEOG US9:00Q4 2014 Earnings CallQ4 2014
Marathon Oil CorpMRO US9:00Q4 2014 Earnings CallQ4 2014
Hormel Foods CorpHRL US9:00Q1 2015 Earnings CallQ1 2015
Host Hotels & Resorts IncHST US9:00Q4 2014 Earnings CallQ4 2014
Quanta Services IncPWR US9:30Q4 2014 Earnings CallQ4 2014
Williams Cos Inc/TheWMB US9:30Q4 2014 Earnings CallQ4 2014
Noble Energy IncNBL US10:00Q4 2014 Earnings CallQ4 2014
Marriott International Inc/MDMAR US10:00Q4 2014 Earnings CallQ4 2014
Patterson Cos IncPDCO US10:00Q3 2015 Earnings CallQ3 2015
Denbury Resources IncDNR US11:00Q4 2014 Earnings CallQ4 2014
DIRECTVDTV US14:00Q4 2014 Earnings CallQ4 2014
SCANA CorpSCG US15:00Q4 2014 Earnings CallQ4 2014
Intuit IncINTU US16:30Q2 2015 Earnings CallQ2 2015
Nordstrom IncJWN US16:45Q4 2015 Earnings CallQ4 2015
Frontier Communications CorpFTR US17:00Q4 2014 Earnings CallQ4 2014
Newmont Mining CorpNEM USAft-mktQ4 2014 Earnings ReleaseQ4 20140.118
Intuit IncINTU USAft-mktQ2 2015 Earnings ReleaseQ2 2015-0.126
Mohawk Industries IncMHK USAft-mktQ4 2014 Earnings ReleaseQ4 20142.204
Frontier Communications CorpFTR USAft-mktQ4 2014 Earnings ReleaseQ4 20140.054
Public StoragePSA USAft-mktQ4 2014 Earnings ReleaseQ4 20142.201
Consolidated Edison IncED USAft-mktQ4 2014 Earnings ReleaseQ4 20140.549
Nordstrom IncJWN USAft-mktQ4 2015 Earnings ReleaseQ4 20151.349

Wednesday, February 18, 2015

Acadia Pharmaceuticals - Barchart's Chart of the Day

Acadia Pharmaceuticals (ACAD) is the Barchart Chart of the Day.  The biomedical preparations company has a Trend Spotter buy signal, a Weighted Alpha of 44.20+ and gained 45.98% in the last year.

The Chart of the Day is Acadia Pharmaceutical (ACAD).  I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then used the Flipchart feature to review the stocks.  Since the Trend Spotter signaled a buy on 2/10 the stock gained 6.54%.

Acadia Pharmaceuticals is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs for the treatment of central nervous system disorders. Their three clinical programs are ACP-103 for treatment-induced dysfunction in Parkinson's disease, and ACP-104 and ACP-103, both for the treatment of schizophrenia.


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
  • 6 new highs and up 9.00% in the last month
  • Relative Strength Index 69.09%
  • Barchart computes a technical support level at 33.60
  • Recently traded at 35.53 with a 50 day moving average of 32.28
Fundamental factors:
  • Market Cap $ billion
  • Revenue expected to increase
  • Earnings losses expected to narrow
  • Wall Street analysts issued  2 strong buys, 5  buys and 1  hold recommendation
  • Individual investors on Motley Fool voted  271 to 74 that the stock will beat the market
The 50 - 100 Day MACD Oscillator has been an effective technical trading strategy and should continue to be used to signal entry and exit points

BARCHART MORNING CALL 2/18

BARCHART MORNING CALL
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 -0.06%) this morning are down -0.06% and European stocks are up +0.70% at a 6-1/2 year high on speculation Greece and its creditors may be moving toward a compromise. A rally in European bank stocks is leading the markets higher after a person familiar with the matter said Greece may seek a 6-month extension of a loan agreement as soon as today. Asian stocks closed higher: Japan +1.18%, Hong Kong +0.19%, China, Taiwan and South Korea closed for holiday, Australia +0.98%, Singapore +0.58%, India +0.63%. Japan's Nikkei Stock Index climbed to a 7-1/2 year high after the BOJ maintained record stimulus following its 2-day policy meeting and after BOJ Governor Kuroda pledged to adjust monetary policy if needed. Commodity prices are mixed. Mar crude oil (CLH15 -1.70%) is down -1.44% and Mar gasoline (RBH15 -1.20%) is down -0.71%. Apr gold (GCJ15 -0.26%) is down -0.29% at a 6-week low on optimism that Greece will ease a standoff with its creditors and before the minutes of the Jan 27-28 FOMC meeting that may signal the Fed is closer to raising interest rates. Mar copper (HGH15 +0.02%) is down -0.08%. Agriculture prices are mixed. The dollar index (DXY00 +0.24%) is up +0.29%. EUR/USD (^EURUSD) is down -0.34%. USD/JPY (^USDJPY) is up +0.07%. Mar T-note prices (ZNH15 -0.05%) are down -2.5 ticks at a 6-week low.
UK Jan jobless claims fell -38,600, more than expectations of -25,000 and the most in 7 months. The Jan claimant count rate fell -0.1 to 2.5%, right on expectations and the lowest in 6-3/4 years.
The UK Dec ILO unemployment rate unexpectedly fell -0.1 to 5.7% in the 3-months through Dec, better than expectations of unch at 5.8% and the lowest in 6-1/2 years.
Dec avg weekly earnings rose +2.1% 3-mon avg, more than expectations of +1.7% 3-mon avg and the most in 1-1/2 years. Dec avg weekly earnings ex-bonus rose +1.7% 3-mon avg, less than expectations of +1.8% 3-mon avg.
Eurozone Dec construction output fell -0.8% m/m and -3.5% y/y, with the -3.5% y/y drop the largest annual decline in 1-1/2 years.
U.S. STOCK PREVIEW
Today’s Jan housing starts report is expected to show a -1.7% decline to 1.070 million, giving back a little of December’s +4.4% increase to 1.089 million. Today’s Jan final-demand PPI index is expected to fall to +0.4% y/y from +1.1% in December. Meanwhile, today’s Jan core PPI index is expected to edge lower to +2.0% y/y from +2.1% in December. Today’s Jan industrial production report is expected to show an increase of +0.3%, recovering somewhat after the -0.1% decline seen in December. The FOMC today will release the minutes from the recent Jan 27-28 FOMC meeting, which was a relatively uneventful meeting.
There are 1 of the S&P 500 companies that report earnings today with notable reports including: Marathon Oil (consensus $0.02), Williams Companies (0.24), Marriott (0.67), Duke Energy (0.88), Garmin (0.79), Fluor (1.10). Equity conferences this week include: Consumer Analysts Group of New York Conference on Tue-Thu, and Barclays Industrial Select Conference on Wed-Thu.




OVERNIGHT U.S. STOCK MOVERS
Duke Energy (DUK -0.56%) reported Q4 EPS of 87 cents, below consensus of 88 cents.
Allegion PLC (ALLE -0.17%) reported Q4 EPS of 76 cents, better than consensus of 68 cents.
Exxon Mobil (XOM -0.34%) fell over 2% in pre-market trading after Berkshire Hathaway announced it had exited its $3.7 billion investment in the company.
Owens & Minor (OMI -1.00%) reported Q4 adjusted EPS of 49 cents, below consensus of 50 cents, and then lowered guidance on fiscal 2015 EPS to $1.90-$1.95, at the low end of consensus of $1.95.
Valmont (VMI +0.85%) reported Q4 adjusted EPS of $1.62, less than consensus of $1.65.
Terex ({=TEX reported Q4 adjusted EPS of 72 cents, higher than consensus of 68 cents.
CF Industries (CF -0.89%) fell over 2% in after-hours trading after it reported Q4 EPS of $4.82, below consensus of $5.08.
Norwegian Cruise Line (NCLH -0.71%) reported Q4 adjusted EPS of 36 cents, less than consensus of 37 cents.
KAR Auction (KAR -0.11%) reported Q4 adjusted EPS of 40 cents, better than consensus of 29 cents.
Flowserve (FLS +0.46%) reported Q4 EPS of $1.16, above consensus of $1.13.
Analog Devices (ADI +3.09%) reported Q1 EPS of 63 cents, better than consensus of 61 cents.
Jack in the Box (JACK +1.19%) rose over 3% in after-hours trading after it reported Q1 EPS of 93 cents, higher than consensus of 87 cents, and then raised guidance on fiscal 2015 EPS to $2.85-$2.97, above consensus $2.84.
AMC Entertainment (AMC +0.91%) reported Q4 EPS of 30 cents, well above consensus of 20 cents.
Agilent (A +0.92%) reported Q1 EPS of 41 cents, right on consensus, but then lowered guidance on fiscal 2015 EPS to $1.67- $1.73, on the low side of consensus at $1.73.
Fossil (FOSL +0.89%) reported Q4 EPS of $3.00, below consensus of $3.07, and then lowered guidance on fiscal 2015 EPS to$5.45-$6.05, well below consensus of $7.54.
Rackspace (RAX -0.28%) reported Q4 EPS of 26 cents, above consensus of 19 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 -0.06%) this morning are down -1.25 points (-0.06%). The S&P 500 index on Tuesday posted a new record high and closed higher: S&P 500 +0.16%, Dow Jones +0.16%, Nasdaq +0.03%. Bullish factors included (1) reduced Greek default concerns after an unconfirmed report that Greece’s government may request an extension of its loan agreement for 6 months, something it previously said it would not do, and (2) a rally in health-care stocks. Stocks had opened lower on bearish factors that included (1) the -2.17 point decline in the Feb Empire manufacturing index, weaker than expectations of -1.95 to 8.00, and (2) the unexpected -2 point decline in the Feb NAHB housing market index to 55, weaker than expectations of +1 to 58 and a 4-month low.
Mar 10-year T-notes (ZNH15 -0.05%) this morning are down -2.5 ticks at a 6-week low. Mar 10-year T-note futures prices on Tuesday tumbled to a 1-1/4 month low and closed lower. Closes: TYH5 -31.50, FVH5 -15.50. Bearish factors included (1) hawkish comments from Cleveland Fed President Mester who said that she sees June as a “viable option” for when to begin raising interest rates, and (2) fund selling of T-notes after a report that Greece will ask for a 6-month extension of its loan agreement, which reduced Greek default concerns and curbed safe-haven demand for T-notes.
The dollar index (DXY00 +0.24%) this morning is up +0.273 (+0.29%). EUR/USD (^EURUSD) is down -0.0039 (-0.34%). USD/JPY (^USDJPY) is up +0.08 (+0.07%). The dollar index on Tuesday fell to a 1-week low and closed lower: Dollar index -0.140 (-0.15%), EUR/USD +0.00576 (+0.51%), USD/JPY +0.763 (+0.4%). Bearish factors included (1) strength in EUR/USD which rallied to a 1-week high after the German Feb ZEW survey expectations of economic growth rose to a 1-year high, and (2) weaker-than-expected U.S. economic data on Feb Empire manufacturing and the Feb NAHB housing market index that may prompt the Fed to delay interest rate hikes.
Mar WTI crude oil (CLH15 -1.70%) this morning is down -77 cents (-1.44%) and Mar gasoline (RBH15 -1.20%) is down -0.0113 (-0.71%). Mar crude and Mar gasoline on Tuesday settled mixed: CLH5 +0.75 (+1.42%), RBH5 -0.0361 (-2.22%). Bullish factors included (1) the fall in the dollar index to a 1-week low, and (2) the rally in the S&P 500 to a new all-time high. Bearish factors included expectations that Thursday’s weekly EIA data will show crude supplies rose +3.0 million bbl to a record high of 420 million bbl.
GLOBAL EVENT CALENDAR02/18/2015
US0700 ETWeekly MBA mortgage applications, previous -9.0% with purchase sub-index -6.5% and refi sub-index -10.3%.
0830 ETJan housing starts expected -1.7% to 1.070 million, Dec +4.4% to 1.089 million. Jan building permits expected +1.0% to 1.069 million, Dec +0.6% to 1.058 million.
0830 ETJan PPI final demand expected -0.4% m/m and +0.4% y/y, Dec -0.3% m/m and +1.1% y/y. Jan PPI ex food & energy expected +0.1% m/m and +2.0% y/y, Dec +0.3% m/m and +2.1% y/y.
0915 ETJan industrial production expected +0.3%, Dec -0.1%. Jan capacity utilization expected +0.2 to 79.9%, Dec -0.3 to 79.7%.
1400 ETMinutes of the Jan 27-28 FOMC meeting.
JPN0100 ETRevised Japan Jan machine tool orders.
1850 ETJapan Jan trade balance expected -1.681 trillion yen, Dec -665.2 billion yen. Jan exports expected +13.5% y/y, Dec +12.8% y/y. Jan imports expected -4.9% y/y, Dec +1.9% y/y.
2330 ETJapan Dec all-industry activity index expected -0.3% m/m, Nov +0.1% m/m.
n/aBOJ announces interest rate decision following 2-day policy meeting.
UK0430 ETUK Jan jobless claims change expected -25,000, Dec -29,700. Jan claimant count rate expected +2.5%, Dec 2.6%.
0430 ETUK Dec ILO unemployment rate expected 5.8% 3-months through Dec, previous 5.8% 3-months through Nov.
0430 ETUK Dec avg weekly earnings expected +1.7% 3-mon avg, Nov +1.7% 3-mon avg. Dec weekly earnings ex-bonus expected +1.8% 3-mon avg, Nov +1.8% 3-mon avg.
0430 ETBOE minutes from the Feb 4-5 policy meeting.
EUR0500 ETEurozone Dec construction output, Nov -0.1% m/m and +2.2% y/y.
U.S. STOCK CALENDAR02/18/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
NiSource IncNI USBef-mktQ4 2014 Earnings ReleaseQ4 20140.518
Fluor CorpFLR USBef-mktQ4 2014 Earnings ReleaseQ4 20141.102
Allegion PLCALLE USBef-mktQ4 2014 Earnings ReleaseQ4 20140.68
Actavis plcACT USBef-mktQ4 2014 Earnings ReleaseQ4 20143.906
Garmin LtdGRMN USBef-mktQ4 2014 Earnings ReleaseQ4 20140.788
Duke Energy CorpDUK US7:00Q4 2014 Earnings ReleaseQ4 20140.879
DENTSPLY International IncXRAY US7:00Q4 2014 Earnings ReleaseQ4 20140.608
Allegion PLCALLE US8:30Q4 2014 Earnings CallQ4 2014
Actavis plcACT US8:30Investor DayY 2015
DENTSPLY International IncXRAY US8:30Q4 2014 Earnings CallQ4 2014
NiSource IncNI US9:00Q4 2014 Earnings CallQ4 2014
Fluor CorpFLR US9:00Q4 2014 Earnings CallQ4 2014
CF Industries Holdings IncCF US9:00Q4 2014 Earnings CallQ4 2014
FirstEnergy CorpFE US9:00Q4 2014 Earnings CallQ4 2014
Duke Energy CorpDUK US10:00Q4 2014 Earnings CallQ4 2014
Vornado Realty TrustVNO US10:00Q4 2014 Earnings CallQ4 2014
Garmin LtdGRMN US10:30Q4 2014 Earnings CallQ4 2014
Devon Energy CorpDVN US11:00Q4 2014 Earnings CallQ4 2014
Flowserve CorpFLS US11:00Q4 2014 Earnings CallQ4 2014
Nabors Industries LtdNBR US11:00Q4 2014 Earnings CallQ4 2014
Cimarex Energy CoXEC US11:00Q4 2014 Earnings CallQ4 2014
Marriott International Inc/MDMAR US17:00Q4 2014 Earnings ReleaseQ4 20140.65
EOG Resources IncEOG USAft-mktQ4 2014 Earnings ReleaseQ4 20140.999
Marathon Oil CorpMRO USAft-mktQ4 2014 Earnings ReleaseQ4 20140.02
Williams Cos Inc/TheWMB USAft-mktQ4 2014 Earnings ReleaseQ4 20140.235
Progressive Corp/ThePGR USJanuary 2015 Sales and Revenue Release2015

The 5 Worst Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find the ones with the worst technical sell signals.  Today's list includes CenterPoint Energy (CNP), The AES Corp (AES), American Express (AXP), WW Grainger (GWW) and Assurant (AIZ):

CenterPoint Energy (CNP)


Barchart technical indicators:
  • 100% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 16.12% off its recent high
  • Relative Strength Index 38.53%
  • Recently traded at 21.60 which is below its 50 day moving average of 22.87


Barchart technical indicators:
  • 96% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 25.62% off its recent high
  • Relative Strength Index 32.58%
  • Recently traded at 11.64 which is below its 50 day moving average of 13.01


Barchart technical indicators:
  • 96% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 17.83% off its recent high
  • Relative Strength Index 32.80%
  • Recently traded at 79.08 which is below its 50 day moving average of 88.20


Barchart technical indicators:
  • 96% Bar chart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 13.29% off its recent high
  • Relative Strength Index 39.26%
  • Recently traded at 233.89 which is below its 50 day moving average of 245.20
Assurant (AIZ)


Barchart technical indicators:
  • 88% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below is 20, 50 and 100 day moving averages
  • 12.97% off its recent high
  • Relative Strength Index 29.61%
  • Recently traded at 60.87 which is below its 50 day moving average of 66.33










Tuesday, February 17, 2015

Intrexon - Barchart's Chart of the Day

Intrexon Corp (XON) is the Barchart Chart of the Day.  The medical services company has a Trend Spotter buy signal, a Weighted Alpha of 69.51+ and gained 47.60% in the last year.

The Chart of the Day belongs to Intrexon (XON).  I found the stock by sorting the All Time High list for the stocks having the highest technical buy signals then used the Flipchart function to review the charts.  Since the Trend Spotter signaled a buy on 12/30 the stock gained 44.25%.

Intrexon Corporation is a biotechnology company. It provides synthetic biology services. The Company designs and produces modular DNA control systems and applications for human therapeutics, protein production, industrial products, agricultural biotechnology, and animal sciences. Its technologies include the UltraVector gene design and fabrication platform; Cell Systems Informatics; LEAP-cell identification and selection, and mAbLogix-antibody discovery.


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.

Bachart 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 17.18% in the last month
  • Relative Strength Index 72.29%
  • Barchart computes a technical support level at 35.91
  • Recently traded at 39.95 with a 50 day moving average of 29.21
Fundamental factors:
  • Market Cap $4.01 billion
  • Revenue expected to grow 181.90% this year and another 114.00% next year
  • Earnings estimated to increase 16.40% this year and an additional 62.40% next year
  • Wall Street analysts issued 1 strong buy and 2 buy recommendations
  • The individual investors on Motley Fool voted 97 to 9 that the stock will beat the market
The Trend Spotter has been a reliable technical trading strategy for this stock and should continue to be used for enter and exit points.

The 5 Best Large Caps

Who says Large Caps move slower than Small Caps?  Today I used Barchart to sort the S&P 500 Large Caps stocks to find the ones that have hit new highs most frequently on the last month.  I then used the Flipchart feature to review the charts.

Today's list includes Marathon Petroleum (MPC), Vulcan Materials (VMC), Valero Energy (VLO), Phillips 66 (PSX) and Northrop Grumman (NOC):

Marathon Petroleum (MPC)


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 33.82% in the last month
  • Relative Strength Index 75.85%
  • Barchart computes a technical support level at 100.65
  • Recently traded at 103.56 with a 50 day moving average of 89.50


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 20.65% in the last month
  • Relative Strength Index 83.78%
  • Barchart computes a technical support level at 78.63
  • Recently traded at 80.63 with a 50 day moving average of 68.75


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 30.20% in the last month
  • Relative Strength Index 78.81%
  • Barchart computes a technical support level at 56.74
  • Recently traded at 59.01 with a 50 day moving average of 50.11


Barchart technical indicators:
  • 56% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 26.09% in the last month
  • Relative Strength Index 65.31
  • Barchart computes a technical support level at 74.87
  • Recently traded at 76.62 with a 50 day moving average of 69.74


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 9.12% in the last month'
  • Relative Strength Index 76.07%
  • Barchart computes a technical support level at 165.46
  • Recently traded at 167.34 with a 50 day moving average of 152.91










BARCHART MORNING CALL 2/17

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 -0.10%) this morning are down -0.13% and European stocks are down -0.13% after Monday's meeting of Eurozone finance ministers ended abruptly after Greek Finance Minister Varaoufakis refused to bow to European demands. The Eurozone finance ministers said there will be no more talks on financial support unless the Greek government requests an extension of its existing bailout program. The current aid program ends at the end of this month and failure by Greece to extend the aid could see it run out of cash by the end of next month and force it into default. Stock prices recovered from their worst levels after a gauge of German investor confidence rose to the highest in a year. Asian stocks closed mixed: Japan -0.10%, Hong Kong +0.24%, China +0.65% Taiwan and India closed for holiday, Australia -0.52%, Singapore -0.33%, South Korea +0.22%. China's Shanghai Stock Index climbed to a 2-week high ahead of the week-long Lunar New Year holidays that begin tomorrow. Commodity prices are mixed. Mar crude oil (CLH15 +0.25%) is up +0.81% and Mar gasoline (RBH15 +0.12%) is up +0.36% at a 1-3/4 month high. Apr gold (GCJ15 -0.48%) is down -0.37%. Mar copper (HGH15 -1.06%) is down -1.06%. Agriculture prices are higher. The dollar index (DXY00 -0.28%) is down -0.35%. EUR/USD (^EURUSD) is up +0.67%. USD/JPY (^USDJPY) is up +0.24%. Mar T-note prices (ZNH15 -0.11%) are down -5.5 ticks.
The German Feb ZEW survey expectations of economic growth rose +4.6 to 53.0, less than expectations of +6.6 to 55.0, but still the highest in a year. The Feb ZEW survey current situation jumped +23.1 to 45.5, a much larger increase than expectations of +7.6 to 30.0 and the highest in 7 months.
Eurozone Jan new passenger car registrations rose +6.7% y/y to 999,000, the most in 10 months.
UK Jan CPI fell -0.9% m/m, more than expectations of -0.8% m/m and matched the largest monthly decline on record (data from 1988). On an annual basis, Jan CPI rose +0.3% y/y, less than expectations of +0.4% y/y and the smallest pace of increase on record.
U.S. STOCK PREVIEW
Today’s Feb Empire manufacturing index is expected to show a small -1.45 point decline to 8.50, giving back part of the +11.18 point surge to 9.95 seen in January. Today’s Feb NAHB housing market index is expected to show a small +1 point increase to 58, reversing January’s -1 point decline. There are 13 of the S&P 500 companies that report earnings today with notable reports including: Waste Management (consensus $0.60), Genuine Parts (1.07), Goodyear (0.58), Medtronic (0.97), Agilent (0.41), Fossil Group (3.07). Equity conferences this week include: Consumer Analysts Group of New York Conference on Tue-Thu, and Barclays Industrial Select Conference on Wed-Thu.




OVERNIGHT U.S. STOCK MOVERS
Cablevision (CVC +1.58%) was downgraded to 'Sell' from 'Neutral' at UBS.
Deutsche Bank reiterates a 'Sell' rating on Transocean (RIG +2.25%) and cut its price target on the stock to $6 from $16 after the company announced an 80% dividend reduction and the departure of its CEO.
Medtronic PLC (MDT +0.44%) reported Q3 EPS of $1.01, higher than consensus of 97 cents.
American Express (AXP -2.98%) was downgraded to 'Neutral' from 'Buy' at Guggenheim.
Micron (MU -0.28%) was upgraded to 'Outperform' from 'Neutral' at Macquarie.
Wolverine World Wide (WWW +1.69%) reported Q4 adjusted EPS of 30 cents, right on consensus.
LyondellBasell (LYB +0.21%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
Nordstrom (JWN +0.05%) was downgraded to 'Underweight' from 'Equal Weight' at Barclays.
United Stationers (USTR +1.21%) reported Q4 adjusted EPS of 88 cents, better than consensus of 84 cents.
Vipshop (VIPS +1.68%) reported Q4 EPS of 12 cents, higher than consensus of 9 cents.
Reuters reports that Endo Intenational (ENDP +1.35%) is interested in buying Salix Pharmaceuticals (SLXP +2.12%) .
Elon Musk reported a 21.4% stake in SolarCity (SCTY +0.77%) .
Reuters reports that United Airlines (UAL -1.65%) will cut about 1,150 positions at 16 airports across the country.
Bloomberg reports that JetBlue will drop American Express (AXP -2.98%) in favor of MasterCard (MA -0.43%) .
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 -0.10%) this morning are down -2.75 points (-0.13%). The S&P 500 index on Friday climbed to a new all-time high and closed higher: S&P 500 +0.41%, Dow Jones +0.26%, Nasdaq +0.83%. Bullish factors included (1) positive carry-over from a rally in European stocks after Eurozone Q4 GDP expanded +0.3% q/q and +0.9% y/y, better than expectations of +0.2% q/q and +0.8% y/y, and (2) signs of stronger credit growth in China that may help revive the Chinese economy as China Jan new yuan loans totaled 1.47 trillion yuan, more than expectations of 1.35 trillion yuan and the most in 5-1/2 years. A negative factor was the unexpected -4.5 point decline in the Feb U.S. consumer confidence index to 93.6, weaker than expectations of unchanged at 98.1.
Mar 10-year T-notes (ZNH15 -0.11%) this morning are down -5.5 ticks. Mar 10-year T-note futures prices on Friday closed lower. Closes: TYH5 -6.00, FVH5 -3.50. Negative factors included (1) the rally in the S&P 500 to a new record high, which curbed safe-haven demand for T-notes, and (2) optimism that Greek and European leaders will find a compromise on Greek debt negotiations, which also undercut safe-haven demand for T-notes.
The dollar index (DXY00 -0.28%) this morning is down -0.331 (-0.35%). EUR/USD (^EURUSD) is up +0.0076 (+0.67%). USD/JPY (^USDJPY) is up +0.28 (+0.24%). The dollar index on Friday closed little changed: Dollar index +0.107 (+0.11%), EUR/USD -0.00254 (-0.22%), USD/JPY -0.357 (-0.30%). A bearish factor was the unexpected decline in Feb U.S. consumer confidence. A supportive factor was weakness in EUR/USD ahead of the Feb 16 meeting of Eurozone finance ministers to discuss a solution to Greece’s debt financing.
Mar WTI crude oil (CLH15 +0.25%) this morning is up +43 cents (+0.81%) and Mar gasoline (RBH15 +0.12%) is up +0.0059 (+0.36%) at a 1-3/4 month high. Mar crude oil and Mar gasoline on Friday closed higher with Mar gasoline at a 2-month high: CLH5 +1.57 (+3.07%), RBH5 +0.0307 (+1.92%). Bullish factors included (1) the rally in the S&P 500 to a record high, which bolsters optimism in the economic outlook and energy demand, (2) the decline in U.S. operating oil rigs in the week ended Feb 13 to 1056, the fewest in 3-1/2 years, which may curb U.S. crude production, and (3) concern that the ongoing strike by United Steelworkers union who represent employees at more than 200 refineries with 10% of U.S. refining output will start to curtail gasoline and distillate production.
GLOBAL EVENT CALENDAR02/17/2015
US0830 ETFeb Empire manufacturing index expected -1.45 to 8.50, Jan +11.18 to 9.95.
1000 ETFeb NAHB housing market index expected +1 to 58, Jan -1 to 57.
1100 ETUSDA weekly grain export inspections.
1245 ETPhiladelphia Fed President Charles Plosser offers his views on monetary policy and explains the risks of keeping interest rates low.
EUR0200 ETEurozone Jan new car registrations, Dec +4.7% y/y.
n/aEurozone finance ministers meet in Brussels to discuss Greeces debt financing.
UK0430 ETUK Jan CPI expected -0.8% m/m and +0.4% y/y, Dec unch m/m and +0.5% y/y. Jan core CPI, Dec +1.3% y/y.
0430 ETUK Jan RPI expected -0.7% m/m and +1.3% y/y, Dec +0.2% m/m and +1.6% y/y. Jan RPI ex-mortgage interest payments expected +1.3% y/y, Dec +1.7% y/y.
0430 ETUK Jan PPI input prices expected -2.4% m/m and -11.9% y/y, Dec -2.4% m/m and -10.7% y/y.
0430 ETUK Jan PPI output prices expected -0.3% m/m and -1.5% y/y, Dec -0.3% m/m and -0.8% y/y. Jan PPI output core expected +0.1% m/m and +0.4% y/y, Dec unch m/m and +0.8% y/y.
0430 ETUK Dec ONS house prices, Dec +10.0% y/y.
GER0500 ETGerman Feb ZEW survey expectations of economic growth expected +7.6 to 56.0, Jan 48.4. Feb ZEW survey current situation expected +7.6 to 30.0, Jan 22.4.
U.S. STOCK CALENDAR02/17/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Waste Management IncWM USBef-mktQ4 2014 Earnings ReleaseQ4 20140.597
Genuine Parts CoGPC USBef-mktQ4 2014 Earnings ReleaseQ4 20141.065
Goodyear Tire & Rubber Co/TheGT USBef-mktQ4 2014 Earnings ReleaseQ4 20140.577
Medtronic PLCMDT US7:15Q3 2015 Earnings ReleaseQ3 20150.971
Verizon Communications IncVZ US8:00Business Update Call
Medtronic PLCMDT US8:00Q3 2015 Earnings CallQ3 2015
Goodyear Tire & Rubber Co/TheGT US9:00Q4 2014 Earnings CallQ4 2014
Waste Management IncWM US10:00Q4 2014 Earnings CallQ4 2014
Genuine Parts CoGPC US11:00Q4 2014 Earnings CallQ4 2014
Agilent Technologies IncA US16:05Q1 2015 Earnings ReleaseQ1 20150.407
Agilent Technologies IncA US16:30Q1 2015 Earnings CallQ1 2015
Fossil Group IncFOSL US16:30Q4 2014 Earnings CallQ4 2014
Analog Devices IncADI US17:00Q1 2015 Earnings CallQ1 2015
Devon Energy CorpDVN USAft-mktQ4 2014 Earnings ReleaseQ4 20141.049
Analog Devices IncADI USAft-mktQ1 2015 Earnings ReleaseQ1 20150.606
Flowserve CorpFLS USAft-mktQ4 2014 Earnings ReleaseQ4 20141.121
CF Industries Holdings IncCF USAft-mktQ4 2014 Earnings ReleaseQ4 20145.081
Vornado Realty TrustVNO USAft-mktQ4 2014 Earnings ReleaseQ4 20141.233
Cimarex Energy CoXEC USAft-mktQ4 2014 Earnings ReleaseQ4 20140.8
FirstEnergy CorpFE USAft-mktQ4 2014 Earnings ReleaseQ4 20140.755
Fossil Group IncFOSL USAft-mktQ4 2014 Earnings ReleaseQ4 20143.071