Friday, March 6, 2015

Air Transport Services Group - Barchart's Chart of the Day

Air Transport Services Group (ATSG) is the Barchart Chart of the Day.  The air courier services company has a Trend Spotter buy signal, a Weighted Alpha of 32.80+ and gained 32.53% in the last month .

The Chart of the Day belongs to Air Transport Services Group (ATSG).  I found the stock by sorting the All Time High list for he stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/16 the stock gained 7.12%.

ATSG is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ATSG also provides aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage 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
  • 11 new highs and up 10.28% in the last month
  • Relative Strength Index 69.49%
  • Barchart computes a technical support level at 8.77
  • Recently traded at 9.33 with a 50 day moving average of 8..62
Fundamental factors:
  • Market Cap $605.89 million
  • P/E 16.37
  • Revenue expected to grow 1.90% this year and another 2.20% next year
  • Earnings estimated to increase 8.90% this year, an additional 16.40% next year and continue to increase at an annual rate of 4.80% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 3 buy and 2 hold recommendations on the stock
None of the regular technical trading strategies have worked on the stock so I suggest you use a moving stop loss 10% below the last recent high as an exit point.


The 5 Hottest NASDAQ 100 Stocks

I'm a very big believer in using screen tools and find Barchart's to be very effective.  Lately the NASDAQ 100 has been on fire so I wanted to sort the stocks in that Index to find the ones with the highest technical buy signals.

Today's list includes Ross Stores (ROST), NXP Semiconductors (NXPI), NVIDIA (NVDA), Monster Beverage (MNST) and Equinix (EQIX):

Ross Stores (ROST)


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 10.00% in the last month
  • Relative Strength Index 72.92%
  • Barchart computes a technical support level at 124.24
  • Recently traded at 104.68 with a 50 day moving average of 96.04


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 19.35% in the last month
  •  Relative Strength Index 74.75%
  • Barchart computes a technical support level at 96.77
  • Recently traded at 98.31 with a 50 day moving average of 81.93
NVIDIA (NVDA)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 10.74% in the last month
  • Relative Strength Index 62.30%
  • Barchart computes a technical support level at 22.18
  • Recently traded at 22.64 with a 50 day moving average of 20.80
Monster Beverage (MNST)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 16.02% in the last month
  • Relative Strength Index 67.37%
  • Barchart computes a technical support level at 169.90
  • Recently traded at 136.27 with a 50 day moving average of 119.78
Equinix (EQIX)


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 7.18% in the last month
  • Relative Strength Index 60.92%
  • Barchart computes a technical support level at 219.08
  • Recently traded at 235.06 with a 50 day moving average of 224.85










BARCHART MORNING CALL 3/6

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 -0.02%) this morning are down -0.06% ahead of the release of the U.S. Feb payrolls report, which may offer clues to the timing of U.S. interest rate increases, while European stocks are up +0.01% as the ECB prepares to begin asset purchases on Monday and after German Jan industrial production was stronger than expected. Asian stocks closed mixed: Japan +1.17%, Hong Kong -0.12%, China -0.51%, Taiwan +0.53%, Australia -0.09%, Singapore +0.66%, South Korea +0.71%, India closed for holiday. Japan's Nikkei Stock Index climbed to a 14-3/4 year high as USD/JPY held above 120 yen per dollar, near a 3-week high, which fueled a rally in exporters. Commodity prices are mixed. Apr crude oil (CLJ15 +0.37%) is up +0.39%. Apr gasoline (RBJ15 +0.61%) is up +0.59%. Apr gold (GCJ15 -0.08%) is down -0.20% at a 1-week low as the dollar strengthened to an 11-1/3 year high. May copper (HGK15 -0.38%) is down -0.47% on increased global supplies after weekly Shanghai copper inventories jumped +19,194 MT to a 1-3/4 year high of 224,340 MT and LME copper supplies rose +4,675 MT to a 13-month high of 323,050 MT. Agriculture prices are weaker. The dollar index (DXY00 +0.42%) is up +0.45% at an 11-1/3 year high. EUR/USD (^EURUSD) is down -0.80% at an 11-1/2 year low. USD/JPY (^USDJPY) is down -0.07%. GBP/USD slipped to a 1-month low after the BOE's quarterly inflation survey showed inflation expectations plummeted to a 13-year low. Jun T-note prices (ZNM15 -0.02%) are down -0.5 of a tick.
In its quarterly Inflation Attitudes survey, the BOE said inflation expectations in Feb fell to 1.9% over the next 12 months from 2.5% in Nov, below the BOE's 2.0% inflation target and the lowest in 13 years.
San Francisco Fed President Williams said mid-year may be time for a "serious discussion" about raising interest rates as the labor market nears full employment and inflation rebounds.
German Jan industrial production rose +0.6% m/m and +0.9% y/y, stronger than expectations of +0.5% m/m and -0.2% y/y.
The Japan Jan leading index CI unexpectedly fell -0.2 to 105.1, weaker than expectations of +0.2 to 105.8. The Jan coincident index rose +2.4 to 113.0, stronger than expectations of +1.5 to 112.2 and the highest in 10 months.
U.S. STOCK PREVIEW
Today’s Feb unemployment report is expected to show decent strength with a payroll increase of +235,000. Meanwhile, today’s Feb unemployment rate is expected to fall by -0.1 point to 5.6%, thus matching the 6-1/2 year low originally posted in Dec 2014. Today’s U.S. Jan trade deficit is expected to narrow to -$41.5 billion from -$46.6 billion in December. Today’s Jan consumer credit report is expected to show another strong increase of +$14.500 billion. There are 4 of the Russell 1000 companies that report earnings today: Staples (consensus $0.30), Foot Locker (0.91), Big Lots (1.75), Thor Industries (0.42). There are no equity conferences today.



OVERNIGHT U.S. STOCK MOVERS
Foot Locker (FL -0.80%) reported Q4 non-GAAP EPS of $1.00, higher than consensus of 91 cents.
Textron (TXT +0.85%) was upgraded to 'Buy' from 'Neutral' at Nomura.
Esterline (ESL +0.63%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.
Host Hotels (HST -1.15%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Staples (SPLS -0.54%) reported Q4 EPS of 31 cents, better than consensus of 30 cents.
Airbus (EADSY +3.80%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
The Fed announced that all 31 banks passed their stress tests with Tier 1 capital above the required levels.
Alon USA Energy (ALJ +0.50%) reported Q4 adjusted EPS of 0 cents, better than consensus of a -9 cent loss.
Devon Park Bioventures reported a 20.42% stake in Inotek Pharmaceuticals (ITEK unch) .
Thor Industries (THO -1.52%) reported Q2 EPS of 57 cents, well above consensus of 42 cents.
The Fresh Market (TFM +2.27%) reported Q4 adjusted EPS of 55 cents, better than consensus of 51 cents.
Cooper Companies (COO +0.61%) reported Q1 EPS of $1.75, higher than consensus of $1.54.
The Gap (GPS -1.43%) fell 2% in after-hours trading after it reported February same-store-sales fell 4% y/y.
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 -0.02%) this morning are down -1.25 points (-0.06%). The S&P 500 index on Thursday closed higher: S&P 500 +0.12%, Dow Jones +0.21%, Nasdaq +0.15%. Bullish factors included (1) carry-over support from a rally in European stocks after the ECB raised its Eurozone 2015 GDP forecast to 1.5% from a Dec projection of 1.0% and unveiled its plan to purchase 60 billion euros a month of sovereign debt, and (2) increased M&A activity after AbbVie bought Pharmacyclics for $21 billion and Mallinckrodt purchased Ikaria for $2.3 billion. Bearish factors included (1) the unexpected +7,000 increase in U.S. weekly jobless claims to a 9-1/2 month high of 320,000, more than expectations for a decline of -18,000 to 295,000, and (2) the unexpected -0.2% decline in U.S. Jan factory orders, weaker than expectations of a +0.2% increase.
Jun 10-year T-notes (ZNM15 -0.02%) this morning are down -0.5 of a tick. Jun 10-year T-note futures prices on Thursday closed higher. Closes: TYM5 +5.00, FVM5 +4.75. Bullish factors included (1) the unexpected increase in U.S. weekly jobless claims to a 9-1/2 month high, and (2) the unexpected decline in U.S. Jan factory orders. Bearish factors included (1) a rally in stocks, and (2) the action by the ECB to raise its Eurozone 2015 GDP estimate, which reduced global growth concerns and curbed safe-haven demand for T-notes.
The dollar index (DXY00 +0.42%) this morning is up +0.429 (+0.45%) at a fresh 11-1/3 year high. EUR/USD (^EURUSD) is down -0.0088 (-0.80%) at a new 11-1/2 year low. USD/JPY (^USDJPY) is down -0.08 (-0.07%). The dollar index on Thursday climbed to an 11-1/3 year high and closed higher: Dollar index +0.413 (+0.43%), EUR/USD -0.00486 (-0.44%), USD/JPY +0.468 (+0.39%). Bullish factors included (1) weakness in EUR/USD which sank to a 11-1/2 year low after the ECB cut its Eurozone 2015 inflation forecast to 0.0% from a Dec estimate of +0.7% and said it will begin 60 billion euros worth of monthly sovereign debt purchases on Mar 9, and (2) the rally in USD/JPY to a 2-week high as a rally in stocks reduced the safe-haven demand for the yen.
Apr WTI crude oil (CLJ15 +0.37%) this morning is up +20 cents (+0.39%) and Apr gasoline (RBJ15 +0.61%) is up +0.0112 (+0.59%). Apr crude and Apr gasoline prices on Thursday closed lower: CLJ5 -0.77 (-1.49%), RBJ5 -0.0314 (-1.63%). Bearish factors included (1) a rally in the dollar index to an 11-1/3 year high, and (2) demand concerns from China, the world's second-largest crude consumer, after China lowered its 2015 GDP target to 7.0%, the lowest in more than 15 years, from 7.5% in 2014. Apr crude posted a 1-1/2 week high on bullish factors that included (1) the action by Libya's National Oil Corp. to declare force majeure on oil supplies from 11 Libyan oil fields due to attacks on oil infrastructure from Islamic militants, and (2) the action by the ECB to raise its Eurozone 2015 GDP forecast to 1.5% from a Dec projection of 1.0%.
GLOBAL EVENT CALENDAR03/06/2015
US0830 ETFeb non-farm payrolls expected +235,000, Jan +257,000. Feb private payrolls expected +225,000, Jan +267,000. Feb manufacturing payrolls expected +11,000, Jan +22,000. Feb unemployment rate expected -0.1 to 5.6%, Jan +0.1 to 5.7%.
0830 ETFeb avg hourly earnings expected +0.2% m/m and +2.1% y/y, Jan +0.5% m/m and +2.2% y/y. Feb avg weekly hours all-employees expected unch at 34.6 hours.
0830 ETJan trade balance expected -$41.5 billion, Dec -$46.6 billion.
1500 ETJan consumer credit expected +$14.500 billion, Dec +$14.755 billion.
JPN0000 ETJapan Jan leading index CI expected +0.2 to 105.8, Dec 105.6. Jan coincident index expected +1.5 to 112.2, Dec 110.7.
GER0200 ETGerman Jan industrial production expected +0.5% m/m and -0.2% y/y, Dec +0.1% m/m and -0.7% y/y.
EUR0500 ETRevised Eurozone Q4 GDP, previous +0.3% q/q and +0.9% y/y.
U.S. STOCK CALENDAR03/06/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Foot Locker IncFL USBef-mktQ4 2015 Earnings ReleaseQ4 20150.907
Big Lots IncBIG US8:00Q4 2015 Earnings CallQ4 2015
Staples IncSPLS US8:00Q4 2015 Earnings CallC4 2015
Staples IncSPLS US8:00Q4 2015 Earnings CallQ4 2015
Foot Locker IncFL US9:00Q4 2015 Earnings CallQ4 2015
Paramount Group IncPGRE US10:00Q4 2014 Earnings CallQ4 2014
Big Lots IncBIG USQ4 2015 Earnings ReleaseQ4 20151.749
Thor Industries IncTHO USQ2 2015 Earnings ReleaseQ2 20150.42
Staples IncSPLS USQ4 2015 Earnings ReleaseQ4 20150.3
PetSmart IncPETM USExtraordinary Shareholders Meeting - M&A VoteY 2015

Thursday, March 5, 2015

Amphastar Pharmaceuticals - Barchart's Chart of the Day

Amphastar Pharmaceuticals (AMPH) is the Barchart Chart of the Day.  The generic drug company has a Trend Spotter buy signal, a Weighted Alpha of 51.30+ and gained 65.97% in the last month.

The Chart of the Day is Amphastar Pharmaceuticals (AMPH).  I found the stock by sorting the All Time High list for the stock with the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy n 12/2 the stock gained 32.00%.

Amphastar Pharmaceuticals, Inc. is a specialty pharmaceutical company. It focuses primarily on developing, manufacturing, marketing, and selling generic and proprietary injectable and inhalation products. The company products include Enoxaparin Sodium Injection; Amphadase; Cortrosyn for Injection; and prefilled disposable emergency syringes for crash cart use.


 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.

Barcart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter by signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 12.58% in the last month
  • Relative Strength Index 78.14%
  • Barchart computes a technical support level at 13.67
  • Recently traded at 14.52 with a 50 day moving average of 12.55
Fundamental factors:
  • Market Cap $648.17 million
  • Revenue expected to grow by 1.30% next year
  • Earnings estimated to compound at an annual rate of 5.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock
The 50-100 Day MACD Oscillator has been an effective technical trading strategy on this stock and should continue to be used for entry and exit points.

The 5 Best Small Caps

I wanted to find the 5 best Small Caps so I used Barchart to sort the S&P 600 Small Cap Index stocks for the best technical buy signals, then used the Flipchart feature to find the charts I liked.

Today's list includes Strum Ruger & Co (RGR), OM Group (OMG), Marketaxcess Holdings (MKTX), US Ecology (ECOL) and Affymetrix (AFFX):

Strum Ruger & Co (RGR)


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 30.14% in the last month
  • Relative Strength Index 82.24%
  • Barchart computes a technical support level at 50.95
  • Recently traded at 55.78 with a 50 day moving average of 41.15
OM Group (OMG)


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 5.90% in the last month
  • Relative Strength Index 67.22%
  • Barchart computes a technical support level at 29.64
  • Recently traded at 31.09 with a 50 day moving average of 29.11


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 4.91% in the last month
  • Relative Strength Index 68.28%
  • Barchart computes a technical support level at 77.22
  • Recently traded at 84.35 with a 50 day moving average if 75.87


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 15.31% in the last month
  • Relative Strength Index 78.74%
  • Barchart computes a technical support level at 49.06
  • Recently traded at 51.47 with a 50 day moving average of 43.14
Affymetrix (AFFX)


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 6.58% in the last month
  • Relative Strength Index 70.28%
  • Barchart computes a technical support leve at 11.50
  • Recently traded at 12.24 with a 50 day moving average of 11.01










BARCHART MORNING ALL 3/5

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 +0.16%) this morning are up +0.12% and European stocks are up +0.79% at a 6-3/4 year high ahead of today's ECB meeting where ECB President Draghi will announce details of the ECB's bond-buying program. Increased M&A activity is also supportive for stocks after Abbvie agreed to buy Pharmacyclics for $21 billion. As expected, the BOE kept its benchmark interest rate unchanged at 0.50% and left its asset purchase target at 375 billion pounds. Asian stocks closed mixed: Japan +0.26%, Hong Kong -1.11%, China -0.98%, Taiwan -0.28%, Australia +0.04%, Singapore -0.59%, South Korea -0.06%, India +0.23%. Chinese stocks fell after Premier Li Keqiang lowered China's 2015 GDP target to 7.0%, the lowest in more than 15 years, from 7.5% in 2014, and said "the difficulties we are to encounter in the year ahead may be even more formidable than those of last year." Commodity prices are mixed. Apr crude oil (CLJ15 +0.80%) is up +1.01% at a 1-1/2 week high after Libya's National Oil Corp. declared force majeure on oil supplies from 11 Libyan oil fields due to attacks on oil infrastructure from Islamic militants. Apr gasoline (RBJ15 -0.22%) is down -0.24%. Apr gold (GCJ15 +0.02%) is down -0.11%. May copper (HGK15 +0.15%) is up +0.17%. Agriculture prices are weaker. The dollar index (DXY00 +0.22%) is up +0.25% at an 11-1/3 year high. EUR/USD (^EURUSD) is down -0.23% at an 11-1/2 year low. USD/JPY (^USDJPY) is up +0.39%. Jun T-note prices (ZNM15 -0.05%) are down -2 ticks.
German Jan factory orders fell -3.9% m/m, weaker than expectations of -1.0% m/m and the biggest monthly decline in 5 months. On an annual basis, Jan factory orders unexpectedly fell -0.1% y/y, weaker than expectations of +2.6% y/y.
UK Feb Halifax house prices fell -0.3% m/m and rose +8.3% y/y, weaker than expectations of -0.2% m/m and +8.5% y/y.
U.S. STOCK PREVIEW
Today’s Feb ADP employment report is expected to show a respectable increase of +220,000, stronger than the +213,000 increase seen in January. Today’s Feb ISM non-manufacturing index is expected to show a small -0.2 decline to 56.5, thus reversing January’s small +0.2 point increase to 56.7. The Fed today will release its Beige Book report ahead of the March 17-18 FOMC meeting. There are 3 of the S&P 500 companies that report earnings today: H&R Block (consensus $-0.17), Brown-Forman (0.86), PetSmart (1.37).
Equity conferences during the remainder of this week include: Cowen & Co. Health Care Conference on Mon-Wed, Citigroup Global Property CEO Conference on Mon-Wed, Raymond James & Associates Institutional Investors Conference on Mon-Wed, Morgan Stanley Technology Media & Telecom Conference on Mon-Thu, Bank of America Merrill Lynch Consumer & Retail Conference on Tue-Wed, J.P. Morgan Aviation, Transportation and Industrials Conference on Tue-Thu, Mitsubishi UFJ Securities 3rd Annual Seattle Consumer Conference on Wed, Morgan Stanley European MedTech & Services Conference on Wed, Simmons Energy Conference on Wed, UBS Natural Gas, Electric Power and MLP Conference on Wed, UBS Utilities and Natural Gas Conference on Wed, UBS Global Consumer Conference on Wed-Thu, Bank of America Merrill Lynch Refining Conference on Thu, Barclays Investment Grade Energy & Pipeline Conference on Thu, Pacific Crest Emerging Technology Summit on Thu, Morgan Stanley MLP/Diversified Natural Gas, Utilities Clean Tech Conference on Thu.



OVERNIGHT U.S. STOCK MOVERS
Costo Wholesale (COST -0.14%) reported Q2 EPS of $1.25, more than consensus of $1.18.
Abercrombie & Fitch (ANF -15.51%) was downgraded to 'Neutral' from 'Buy' at Nomura.
Exxon Mobil (XOM -0.50%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
McDonald's (MCD +0.51%) was downgraded to 'Neutral' from 'Overweight' at Piper Jaffray.
Joy Global (JOY -1.95%) reported Q1 EPS of 25 cents, less than consensus of 36 cents, and then lowered guidance on fiscal 2015 adjusted EPS view to $2.50-$3.00 from $3.10-$3.50, well below consensus of $3.20.
Sprouts Farmers Markets (SFM -1.22%) filed to sell 15.85 million shares of common stock for holders.
Darling (DAR -0.23%) rose over 4% in after-hours trading after it reported Q4 EPS of 42 cents, double consensus of 21 cents.
Pharmacyclics (PCYC +6.33%) jumped over 7% in pre-market trading after AbbVie agreed to buy the company fpr $21 billion.
Alon USA Partners (ALDW -0.06%) reported Q4 EPS of 67 cents, better than consensus of 60 cents.
Bristol-Myers Squibb (BMY +6.06%) announced that the FDA has approved its Opdivo injection, for intravenous use, for the treatment of patients with metastatic squamous non-small cell lung cancer.
Coca-Cola Bottling (COKE -2.00%) reported Q4 EPS of 32 cents, higher than one estimate of 13 cents.
H&R Block (HRB -0.86%) reported a Q3 adjusted EPS loss of -13 cents, a smaller loss than consensus of -17 cents.
Roundy's (RNDY -0.25%) reported Q4 adjusted EPS of 7 cents, more than twice consensus of 3 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 +0.16%) this morning are up +2.50 points (+0.12%). The S&P 500 index on Wednesday tumbled to a 1-1/2 week low and closed lower: S&P 500 -0.44%, Dow Jones -0.58%, Nasdaq -0.30%. Bearish factors included (1) the +212,000 increase in Feb ADP employment, less than expectations of +220,000, (2) weakness in industrial companies led by a -5% plunge in Alcoa, and (3) a slide in transportation stocks after railroad companies sold off for a second day. Stocks recovered from their worst levels after the Feb ISM non-manufacturing index unexpectedly rose +0.2 to 56.9, stronger than expectations of -0.2 to 56.5.
Jun 10-year T-notes (ZNM15 -0.05%) this morning are down -2 ticks. Jun 10-year T-note futures prices on Wednesday recovered from a 1-week low and closed higher. Closes: TYM5 +3.00, FVM5 +3.50. Bullish factors included (1) the smaller-than-expected increase in Feb ADP employment, and (2) the fall in the S&P 500 to a 1-1/2 week low, which boosted the safe-haven demand for T-notes.
The dollar index (DXY00 +0.22%) this morning is up +0.238 (+0.25%) at a fresh 11-1/3 year high. EUR/USD (^EURUSD) is down -0.0025 (-0.23%) at an 11-1/2 year low. USD/JPY (^USDJPY) is up +0.47 (+0.39%). The dollar index on Wednesday soared to an 11-1/3 year high and closed higher: Dollar index +0.582 (+0.61%), EUR/USD -0.00975 (-0.87%), USD/JPY -0.063 (-0.05%). Bullish factors included (1) the stronger-than-expected Feb ISM non-manufacturing index, which should keep the Fed on track to raise interest rates later this year, and (2) weakness in EUR/USD/ which fell to a 11-1/3 year low after the Eurozone Feb Markit composite PMI was revised lower.
Apr WTI crude oil (CLJ15 +0.80%) this morning is up +52 cents (+1.01%) at a 1-1/2 week high and Apr gasoline (RBJ15 -0.22%) is down -0.0046 (-0.24%). Apr crude and Apr gasoline prices on Wednesday settled mixed: CLJ5 +1.01 (+2.00%), RBJ5 -0.0274 (-1.41%). Bearish factors included (1) a rally in the dollar index to an 11-1/3 year high, (2) the +10.3 million bbl increase in weekly EIA crude inventories to 444.4 million bbl, far higher than expectations of +4.0 million bbl, and (3) the +0.4% increase in U.S. crude production in the week ended Feb 27 to 9.324 million bpd, the most in over three decades. Crude oil recovered its losses and moved higher after the Fed Beige Book said the U.S. economy continued to expand from Jan through mid Feb.
GLOBAL EVENT CALENDAR03/05/2015
US0830 ETWeekly initial unemployment claims expected -18,000 to 295,000, previous +31,000 to 313,000. Weekly continuing claims expected -6,000 to 2.395 million, previous 21,000 to 2.401 million.
0830 ETRevised Q4 non-farm productivity expected -2.3%, previous -1.8%. Revised Q4 unit labor costs expected +3.3%, previous +2.7%.
0830 ETUSDA weekly Export Sales.
1000 ETJan factory orders expected +0.2%, Dec -3.4%.
1000 ETSan Francisco Fed President John Williams speaks on the economic outlook at the CFA Society Hawaii Economic Forecast Dinner.
1100 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Mar 10-12.
1630 ETFed releases results of its latest bank stress tests.
GER0200 ETGerman Jan factory orders expected -1.0% m/m and +2.6% y/y, Dec +4.2% m/m and +3.4% y/y.
UK0400 ETUK Feb new car registrations, Jan +6.7% y/y.
0700 ETBOE announces interest rate decision and asset purchase target, expected no change to the 0.50% benchmark rate or to the 375 billion pound asset purchase target.
EUR0745 ETECB announces interest rate decision.
0830 ETECB President Mario Draghi holds press conference following ECB meeting.
U.S. STOCK CALENDAR03/05/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Joy Global IncJOY USBef-mktQ1 2015 Earnings ReleaseQ1 20150.361
Kroger Co/TheKR USBef-mktQ4 2015 Earnings ReleaseQ4 20150.903
Costco Wholesale CorpCOST USBef-mktQ2 2015 Earnings ReleaseQ2 20151.179
L Brands IncLB US7:30February 2015 Sales and Revenue Call2015
Verisk Analytics IncVRSK US8:30Investor DayY 2015
MDU Resources Group IncMDU US9:00Investor & Analyst MeetingY 2015
TransDigm Group IncTDG US9:00Annual General MeetingY 2015
Kroger Co/TheKR US10:00Q4 2015 Earnings CallQ4 2015
Greif IncGEF US10:00Q1 2015 Earnings CallQ1 2015
Joy Global IncJOY US11:00Q1 2015 Earnings CallQ1 2015
Costco Wholesale CorpCOST US11:00Q2 2015 Earnings CallQ2 2015
WESCO International IncWCC US13:00Investor DayY 2015
Cooper Cos Inc/TheCOO US16:00Q1 2015 Earnings ReleaseQ1 20151.535
Fossil Group IncFOSL US16:00Investor DayY 2015
Cooper Cos Inc/TheCOO US17:00Q1 2015 Earnings CallQ1 2015
Pandora Media IncP US17:00Analyst & Investor DayY 2015
Paramount Group IncPGRE USAft-mktQ4 2014 Earnings ReleaseQ4 20140.18
Equifax IncEFX USInvestor MeetingY 2015
Gap Inc/TheGPS USFebruary 2015 Sales and Revenue Release2015
L Brands IncLB USFebruary 2015 Sales and Revenue Release2015
Rite Aid CorpRAD USFebruary 2015 Sales and Revenue Release2015
AmerisourceBergen CorpABC USAnnual General Meeting
Xcel Energy IncXEL USInvestor Meeting - New YorkY 2015
Hospira IncHSP USTrial begins-U.S. Ct of Appeals: Medicines Co. vs. Hospira Patent-Infringement
Riverbed Technology IncRVBD USSpecial Meeting - M&A Vote

Wednesday, March 4, 2015

Ambarella - Barchart's Chart of the Day

Ambarella (AMBA) is the Barchart Chart of the Day.  The semiconductor stock has a Trend Spotter buy signal, a Weighted Alpha of 141.10+ and gained 4.39% in the last year.

The Chart of the Day belongs to Ambarella (AMBA).  I found the stock by sorting the All Time High list for the stocks having the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/24 the stock gained 17.42%.

Ambarella, Inc. develops video compression and image processing semiconductors. The Company's products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems.


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
  • 4 new highs and up 19.86% in the last month
  • Relative Strength Index 71.86%
  • Barchart computes a technical support level at 57.24
  • Recently traded at 67.43 with a 50 day moving average of 56.03
Fundamental factors:
  • Market Cap $2.0 billion
  • P/E 42.45
  • Revenue expected to grow 21.30% this year and another 22.90% next year
  • Earnings estimated to increase 29.80% next year and continue to compound at an annual rate of 21.60% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 5 buy, 3 hold and 2 under perform recommendations on this issue.
The 50-100 Day MACD Oscillator has been a very reliable technical trading strategy for this stock and should continue to be used to determine entry and exit points.

For further information on the Van Meerten New High portfolio on Marketocracy please click on the link and Follow the portfolio.

The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find which had the highest technical buy signals.  I then used the Flipchart feature to find the charts I liked.

Today's list includes Dick's Sporting Goods (DKS), American Eagle Outfitters (AEO), The Whitewave Foods Company (WWAV), Webster Financial (WBS) and Thor Industries (THOR):

Dick's Sporting Goods (DKS)


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 5.19% in the last month
  • Relative Strength Index 64.42%
  • Barchart computes a technical support level at 53.02
  • Recently traded at 56.08 with a 50 day moving average of 53.09


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 8.13% in the last month
  • Relative Strength Index 68.06%
  • Barchart computes a technical support level at 14.56
  • Recently traded at 16.13 with a 50 day moving average of 14.32


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 20.74% in the last month
  • Relative Strength Index 75.25%
  • Barchart computes a technical support level at 40.53
  • Recently traded at 41.69 with a 50 day moving average of 36.04


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 8.43% in the last month
  • Relative Strength Index 65.51%
  • Barchart computes a technical support level at 34.43
  • Recently traded at 34.99 with a 50 day moving average of 34.09


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 5.82% in the last month
  • Relative Strength Index 64.66%
  • Barchart computes a technical support level at 60.84
  • Recently traded at 61.85 with a 50 day moving average of 64.66
If you are interested in how a portfolio of stocks chosen in this manner performs please click on this link and follow the Van Meerten New High portfolio on Marketocracy.










BARCHART MORNING CALL 3/4

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 -0.31%) this morning are down -0.32% ahead of Feb ADP employment data and ahead of the Fed Beige Book, while European stock are up +0.06% after Eurozone Jan retail sales rose more than expected. Gains in European stocks were limited after the Eurozone Feb composite PMI grew less than expected. Asian stocks closed mixed: Japan -0.59%, Hong Kong -0.96%, China +0.65%, Taiwan +0.17%, Australia -0.54%, Singapore -0.19%, South Korea -0.07%, India -0.72%. Commodity prices are mostly lower due to strength in the dollar. Apr crude oil (CLJ15 +0.79%) is up +0.49% and Apr gasoline (RBJ15 -1.21%) is down -0.96%. Apr gold (GCJ15 +0.05%) is down -0.08%. May copper (HGK15 +0.30%) is down -0.19%. Agriculture prices are weaker. The dollar index (DXY00 +0.25%) is up +0.30% at a fresh 11-1/3 year high. EUR/USD (^EURUSD) is down -0.40% at a 5-week low. USD/JPY (^USDJPY) is down -0.11%. Jun T-note prices (ZNM15 +0.07%) are down -0.50 of a tick.
Eurozone Jan retail sales rose +1.1% m/m and +3.7% y/y, stronger than expectations of +0.2% m/m and +2.3% y/y with the +3.7% y/y gain the largest annual increase in nearly 9-1/2 years.
The Eurozone Feb Markit composite PMI was revised downward by -0.2 to 53.3 from the originally reported 53.5, but still is the fastest pace of expansion in 7 months.
The German Feb Markit services PMI was revised lower by -0.8 to 54.7 from the originally reported 55.5.
The UK Feb Markit/CIPS services PMI unexpectedly fell -0.5 to 56.7, weaker than expectations of +0.3 to 57.5.
The Reserve Bank of India (RBA) unexpectedly lowered the benchmark repurchase rate by -25 bp to 7.50% with RBA Governor Rajan saying "given low capacity utilization and still-weak indicators of production and credit off-take, it is appropriate for the RBA to be pre-emptive in its policy action to utilize available space for monetary accommodation."
U.S. STOCK PREVIEW
Today’s Feb ADP employment report is expected to show a respectable increase of +220,000, stronger than the +213,000 increase seen in January. Today’s Feb ISM non-manufacturing index is expected to show a small -0.2 decline to 56.5, thus reversing January’s small +0.2 point increase to 56.7. The Fed today will release its Beige Book report ahead of the March 17-18 FOMC meeting. There are 3 of the S&P 500 companies that report earnings today: H&R Block (consensus $-0.17), Brown-Forman (0.86), PetSmart (1.37).
Equity conferences during the remainder of this week include: Cowen & Co. Health Care Conference on Mon-Wed, Citigroup Global Property CEO Conference on Mon-Wed, Raymond James & Associates Institutional Investors Conference on Mon-Wed, Morgan Stanley Technology Media & Telecom Conference on Mon-Thu, Bank of America Merrill Lynch Consumer & Retail Conference on Tue-Wed, J.P. Morgan Aviation, Transportation and Industrials Conference on Tue-Thu, Mitsubishi UFJ Securities 3rd Annual Seattle Consumer Conference on Wed, Morgan Stanley European MedTech & Services Conference on Wed, Simmons Energy Conference on Wed, UBS Natural Gas, Electric Power and MLP Conference on Wed, UBS Utilities and Natural Gas Conference on Wed, UBS Global Consumer Conference on Wed-Thu, Bank of America Merrill Lynch Refining Conference on Thu, Barclays Investment Grade Energy & Pipeline Conference on Thu, Pacific Crest Emerging Technology Summit on Thu, Morgan Stanley MLP/Diversified Natural Gas, Utilities Clean Tech Conference on Thu.



OVERNIGHT U.S. STOCK MOVERS
Alcoa (AA +1.54%) and Century Aluminum (CENX -1.44%) were both downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Dick's Sporting Goods (DKS +1.05%) was downgraded to 'Hold' from 'Buy' at Needham.
Best Buy (BBY +1.42%) was upgraded to 'Neutral' from 'Underperform' at Wedbush.
Halyard Health (HYH -0.92%) reported Q4 adjusted EPS of $1.59, well above consensus of 77 cents.
Trina Solar (TSL +1.19%) reported Q4 EPS of 13 cents, right on consensus, although Q4 revenue of $705.04 million was higher than consensus of $642.88 million.
AutoZone (AZO +0.36%) was upgraded to 'Neutral' from 'Underperform' at Sterne Agee.
VWR (VWR -0.76%) reported Q4 adjusted EPS of 43 cents, higher than consensus of 37 cents.
McDonald's (MCD -0.26%) was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital.
ABM Industries (ABM -0.16%) reported Q1 adjusted EPS of 38 cents, better than consensus of 34 cents, and then raised guidacne on fiscal 2015 adjusted EPS view to $1.75-$1.85, above consensus of $1.75.
Air France-KLM (AFLYY +0.91%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Cascade Investment reported a 7.9% stake in Strategic Hotels (BEE -1.82%) .
Engility Holdings (EGL -1.40%) reported Q4 adjusted EPS of 67 cents, less than consensus of 69 cents.
Bob Evans (BOBE +0.27%) plunged over 15% in after-hours trading after it reported Q3 EPS of 60 cents, below consensus of 70 cents, and then lowered guidance on fiscal 2015 EPS view to $1.40-$1.60 from $1.90 to $2.10, weaker than consensus of $1.97.
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 -0.31%) this morning are down -6.75 points (-0.32%). The S&P 500 index on Tuesday slipped to a 1-week low and closed lower: S&P 500 -0.45%, Dow Jones -0.47%, Nasdaq -0.54%. Bearish factors included (1) weakness in automakers after Feb auto sales came in below expectations, (2) a sell-off in transportation stocks after railroad companies tumbled, and (3) weakness in healthcare stocks as biotechnology companies slumped after their recent run up.
Jun 10-year T-notes (ZNM15 +0.07%) this morning are down -0.50 of a tick. Jun 10-year T-note futures prices on Tuesday fell to a 1-week low and closed lower. Closes: TYM5 -10.00, FVM5 -6.00. The main bearish factor was an increase in corporate supply after Activis Plc launched a $21 billion debt sale, which prompted bond dealers to hedge their purchases by selling long-term Treasuries. Losses were limited after a slide in the S&P 500 to a 1-week low boosted the safe-haven demand for T-notes.
The dollar index (DXY00 +0.25%) this morning is up +0.285 (+0.30%) at a fresh 11-1/3 year high. EUR/USD (^EURUSD) is down -0.0045 (-0.40%) at a 5-week low. USD/JPY (^USDJPY) is down -0.13 (-0.11%). The dollar index on Tuesday posted a 11-1/3 year high but shed its advance and closed lower: Dollar index -0.079 (-0.08%), EUR/USD -0.00077 (-0.07%), USD/JPY -0.402 (-0.33%). Bearish factors included (1) a rally in USD/JPY after a slide in stocks boosted safe-haven demand for the yen, and (2) the +2.9% m/m increase in German Jan retail sales, the largest monthly increase in 7 years which was supportive for EUR/USD.
Apr WTI crude oil (CLJ15 +0.79%) this morning is up +25 cents (+0.49%) and Apr gasoline (RBJ15 -1.21%) is down -0.0188 (-0.96%). Apr crude and Apr gasoline prices on Tuesday closed higher: CLJ5 +0.93 (+1.88%), RBJ5 +0.0427 (+2.25%). Bullish factors included (1) a weaker dollar, and (2) expectations for Wednesday’s EIA data to show gasoline inventories fell -1.75 million bbl and distillate stockpiles declined -2.0 million bbl. Gains in crude were muted on expectations that Wednesday’s EIA data will show crude supplies rose +4.0 million bbl to the highest since EIA data began in 1982.
GLOBAL EVENT CALENDAR03/04/2015
US0700 ETWeekly MBA mortgage applications, previous -3.5% with purchase sub-index +4.6% and refi sub-index -7.5%.
0815 ETFeb ADP employment change expected +220,000, Jan +213,000. Benchmark revisions.
0900 ETChicago Fed President Charles Evans speaks on the economic outlook and monetary policy to the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast.
0945 ETFinal-Feb Markit U.S. services PMI expected unrevised at 57.0, early-Feb +2.8 to 57.0. Final-Feb Markit U.S. composite PMI, prelim-Feb +2.4 to 56.8.
1000 ETFeb ISM non-manufacturing index expected -0.2 to 56.5, Jan +0.2 to 56.7.
1030 ETEIA Weekly Petroleum Status Report.
1300 ETKansas City Fed President Esther George speaks on the economy at an event in Kansas City, MO.
1400 ETFed Beige Book.
GER0355 ETRevised German Feb Markit services PMI, previous +1.5 to 55.5.
EUR0400 ETRevised Eurozone Feb Markit composite PMI, previous +0.9 to 53.5.
0500 ETEurozone Jan retail sales expected +0.2% m/m and +2.3% y/y, Dec +0.3% m/m and +2.8% y/y.
UK0430 ETUK Feb Markit/CIPS services PMI expected +0.3 to 57.5, Jan 57.2.
U.S. STOCK CALENDAR03/04/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
PetSmart IncPETM USBef-mktQ4 2015 Earnings ReleaseQ4 20151.373
Halyard Health IncHYH USBef-mktQ4 2014 Earnings ReleaseQ4 20140.765
VWR CorpVWR USBef-mktQ4 2014 Earnings ReleaseQ4 20140.367
Fastenal CoFAST US7:00February 2015 Sales and Revenue Release2015
Abercrombie & Fitch CoANF US7:30Q4 2015 Earnings ReleaseQ4 20151.147
Brown-Forman CorpBF/B US8:00Q3 2015 Earnings ReleaseQ3 20150.864
Abercrombie & Fitch CoANF US8:30Q4 2015 Earnings CallQ4 2015
VWR CorpVWR US8:30Q4 2014 Earnings CallQ4 2014
Exxon Mobil CorpXOM US9:00Analyst MeetingY 2015
Progressive Corp/ThePGR US9:00Investor Relations Conference Call
Halyard Health IncHYH US9:00Q4 2014 Earnings CallQ4 2014
Cabela's IncCAB US9:30Analyst & Investor DayY 2015
Honeywell International IncHON US10:00Investor ConferenceY 2015
Brown-Forman CorpBF/B US10:00Q3 2015 Earnings CallQ3 2015
Tyco International PlcTYC US10:00Annual General MeetingY 2015
Middleby Corp/TheMIDD US10:30Q4 2014 Earnings CallQ4 2014
H&R Block IncHRB US16:30Q3 2015 Earnings CallQ3 2015
H&R Block IncHRB USAft-mktQ3 2015 Earnings ReleaseQ3 2015-0.166
Greif IncGEF USAft-mktQ1 2015 Earnings ReleaseQ1 20150.355
Helmerich & Payne IncHP USAnnual General MeetingY 2015
Hill-Rom Holdings IncHRC USAnnual General Meeting
Apple IncAAPL USTrial Begins-U.S. Ct of Appeals: Apple vs. Samsung in Patent-Infringement Case
Manitowoc Co Inc/TheMTW USITC Final Decision Due on Manitowoc vs. Sany Heavy Patent-Infringement Case
PTC IncPTC USAnnual General Meeting
AutoNation IncAN USFebruary 2015 Sales and Revenue Release2015
AECOMACM USAnnual General Meeting
Xcel Energy IncXEL USInvestor Meeting - BostonY 2015