Friday, June 5, 2015

Bridge Capital - All Time High

Bridge Capital Holdings (BBNK) is the Barchart Chart of the Day.  The commercial bank stock has a Trend Spotter buy signal. a Weighted Alpha of 34.50+ and gained 24.06% in the last year.

The Chart of the Day is Bridge Capital Holdings (BBNK).  I found the stock by sorting today's All Time High list for the stocks with the best technical buy signals, ten used the Flipchart feature to review to charts.  Since the Trend Spotter signaled a buy on 3/9 the stock gained 31.45%.

Bridge Capital Holdings is the holding company for Bridge Bank, a full-service business bank that is dedicated to meeting the financial needs of small and middle-market, and emerging technology businesses in the Silicon Valley, Palo Alto, Sacramento, San Diego, and Fresno business communities. Bridge Bank provides clients with a comprehensive package of business banking solutions delivered through experienced and professional bankers.


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
  • 12 new highs and up 7.88% in the last month
  • Relative Strength Index 71.55%
  • Barchart computes a technical support level at 28.33
  • Recently traded at 29.30 with a 50 day moving average of 27.13
Fundamental factors:
  • Market Cap $467.04 million
  • P/E 24.06
  • Revenue expected to grow 16.90% this year and another 15.70% next year
  • Earnings estimated to increase 17.70% this year, an additional 20.30% next year and continue to increase at an annual rate of 10.00% for the next 5 years
  • Wall Street analysts issued 1 buy and 3 hold recommendations on the stock
None of the regular technical trading strategies have been reliable on this stock so I'd advise you to have a moving stop loss % below the recent high to preserve your gains.

Today's 5 Best Small Caps

I wanted to find today's 5 best small cap stocks so I used Barchart to sort the S&P 600 Small Cap Index stocks for the ones with the best technical trading signals, then used the Flipchart feature to review the charts.

Today's list includes Wilshire Bancorp (WIBC), Texas Capital Bancshares (TCBI), Steve Madden (SHOO), Privatebancorp (PVTB) and Pinnacle Financial Partners (PNFP).

Wilshire Bancorp (WIBC)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 10.24% in the last month
  • Relative Strength Index 76.84%
  • Barchart computes a technical support level at 11.27
  • Recently traded at 11.67 with a 50 day moving average of 10.57

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 6.67% in the last month
  • Relative Strength Index 67.30%
  • Barchart computes a technical support level at 55.36
  • Recently traded at 57.09 with a 50 day moving average of 52.30
Steve Madden (SHOO)


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 3.27% in the last month
  • Relative Strength Index 61.07%
  • Barchart computes a technical support level at 39.27
  • Recently traded at 40.45 with a 50 day moving average of 38.80


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.92% in the last month
  • Relative Strength Index 63.68%
  • Barchart computes a technical support level at 38.33
  • Recently traded at 39.35 with a 50 day moving average of 37.15


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 7.21% in the last month
  • Relative Strength Index 65.74%
  • Barchart computes a technical support level at 49.80
  • Recently traded at 51.98 with  a 50 day moving average of 47.64










BARCHART MORNING CALL 6/5

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.21%) this morning are down -0.33% and European stocks are down -1.42% at a 4-week low ahead of U.S. May non-farm payrolls. Stocks took a hit after Greece said it would defer a debt payment due today to the IMF until the end of the month, which bolsters concern that Greece may be close to bankruptcy. Greece's ASE Stock Index tumbled -4.55% and the 10-year Greek bond yield rose 40 bp to a three-session high of 11.32% on Greek default concerns. Asian stocks closed mostly lower: Japan -0.13%, Hong Kong -1.06%, China +1.54%, Taiwan -0.09%, Australia -0.11%, Singapore -0.34%, South Korea -0.21%, India -0.17%. Chinese socks rallied and bucked the negative trend as the China's Shanghai Composite Index climbed to a 7-1/3 year high amid speculation the government will boost stimulus measures to bolster the economy along with cross-borders sales of mutual funds that may widen access to financial markets and increase equity inflows.
Commodity prices are mixed. Jul crude oil (CLN15 +0.40%) is down -0.50% at a 1-week low on speculation that OPEC will leave its production targets unchanged as the cartel meets today in Vienna. Jul gasoline (RBN15 +0.93%) is up +0.37%. Metals prices are mostly lower. Aug gold (GCQ15 -0.10%) is down -0.11%. Jul copper (HGN15 +0.09%) is down -0.13%% at a 6-week low on concern that U.S. copper demand will weaken after the IMF cut its 2015 U.S. GDP estimate to 2.5% from an earlier forecast of 3.1%. Agricultural prices are mixed.
The dollar index (DXY00 +0.21%) is up +0.24%. EUR/USD (^EURUSD) is down -0.11%. USD/JPY (^USDJPY) is up +0.36%.

Sep T-note prices (ZNU15 -0.25%) are down -8.5 ticks.
Greece notified the IMF that a 300 million euro payment due to the IMF today would be deferred and bundled with three more payments due at the end of the month. Greece is the first country since the 1980s to defer a payment to the IMF and underscores the state of Greece's shrinking finances.
ECB Governing Council member and National Bank of Belgium Governor Smets said "there's no chance" that the ECB will end its quantitative easing earlier than planned.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) the May unemployment report (May payrolls expected +227,000 after April's +223,000; May unemployment rate expected unchanged at 5.4% after April's -0.1 point decline to 5.4%), (2) Apr consumer credit (expected +$16.0 billion after March's +$20.523 billion), and (3) a speech by New York Fed President William Dudley on the economy and monetary policy at a gathering of the Economic Club of Minnesota.
None of the Russell 1000 companies report earnings today.
U.S. IPO's scheduled to price today include: Ardelyx (ARDX).
Equity conferences today include: none.
OVERNIGHT U.S. STOCK MOVERS
DISH (DISH +4.86%) was downgraded to 'Neutral' from 'Outperform' at Macquarie.
Cardinal Health (CAH -0.47%) will acquire Harvard Drug Group for $1.115 billion.
Under Armour (UA -0.43%) was upgraded to 'Buy' from 'Neutral' at DA Davidson.
DreamWorks (DWA +0.55%) was upgraded to 'Buy' from 'Hold' at Stifel with a $34 price target.
Charles Schwab (SCHW -0.09%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
LifePoint (LPNT -1.05%) was initiated with a 'Conviction Buy' at Goldman Sachs with a price target of $92.
Team Health (TMH -0.20%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Lockheed Martin (LMT -0.90%) was awarded a $920.35 million government contract for the manufacture and delivery of 94 F-35 Lightning II aircraft.
Thor Industries (THO -1.43%) reported Q3 EPS of $1.19, less than consensus of $1.21.
UTi Worldwide (UTIW -3.29%) reported a Q1 EPS loss of -35 cents, a much bigger loss than consensus of -15 cents.
Esterline (ESL -1.53%) reported Q2 adjusted EPS of $1.20, below consensus of $1.33.
Cooper Companies (COO -2.54%) reported Q2 adjusted EPS of $1.72, weaker than consensus of $1.76.
Verifone (PAY -1.49%) reported Q2 adjusted EPS of 44 cents, higher than consensus of 42 cents.
Gap (GPS +0.81%) reported that May same-store-sales were down 1% y/y.
MARKET COMMENTS
June E-mini S&Ps (ESM15 -0.21%) this morning are down -7.00 points (-0.33%). Thursday's closes: S&P 500 -0.86%, Dow Jones -0.94%, Nasdaq -0.73%. The S&P 500 on Thursday sold off to a 3-week low on a rout in global bond markets that temporarily sent the 10-year German bund yield up to an 8-1/4 month high and the 10-year T-note yield up to a 5-1/4 month high. There was also weakness in commodity producer stocks after metals and crude oil fell. A positive factor was the -8,000 decline in initial unemployment claims.
Sep 10-year T-notes (ZNU15 -0.25%) this morning are down -8.5 ticks. Thursday's closes: TYU5 +14.50, FVU5 +7.50. Sep T-notes on Thursday recovered from a 5-month low and closed higher. Supportive factors included a recovery in German bund prices from an 8-1/4 month low and increased safe-haven demand for Treasuries after stocks plunged.
The dollar index (DXY00 +0.21%) this morning is up +0.228 (+0.24%). EUR/USD (^EURUSD) is down -0.0012 (-0.11%). USD/JPY (^USDJPY) is up +0.45 (+0.36%). Thursday's closes: Dollar Index -0.004 (-0.01%), EUR/USD -0.00368 (-0.33%), USD/JPY +0.122 (+0.10%). The dollar index on Thursday fell to a 2-week low and closed lower on strength in EUR/USD on improved EUR interest rate differentials with the German 10-year bund yield rising to an 8-1/4 month high.
July WTI crude oil (CLN15 +0.40%) this morning is down -29 cents (-0.50%) at a 1-week low. July gasoline (RBN15 +0.93%) is up +0.0074 (+0.37%). Thursday's closes: CLN5 -1.64 (-2.75%), RBN5 -0.0568 (-2.78%). Jul crude and gasoline on Thursday closed lower on expectations for OPEC on Friday to maintain its production target and news that Iraq will increase its oil exports by +100,000 bpd this month.
GLOBAL EVENT CALENDAR06/05/2015
US0830 ETMay non-farm payrolls expected +226,000, Apr +223,000. May private payrolls expected +220,000, Apr +213,000. May manufacturing payrolls expected +5,000, Apr +1,000. May unemployment rate expected unch at 5.4%, Apr -0.1 to 5.4%.
0830 ETMay average hourly earnings expected +0.2% m/m and +2.2% y/y, Apr +0.1% m/m and +2.2% y/y. May average weekly hours all-employees expected unch at 34.5 hours.
1230 ETNew York Fed President William Dudley speaks on the economy and monetary policy at a gathering of the Economic Club of Minnesota.
1500 ETApr consumer credit expected +$16.000 billion, Mar +$20.523 billion.
JPN0100 ETJapan Apr leading index CI expected +1.2 to 107.2, Mar 106.0. Apr coincident index expected +1.5 to 110.7, Mar 109.2.
GER0200 ETGerman Apr factory orders expected +0.5% m/m and -0.6% y/y, Mar +0.9% m/m and +1.9% y/y.
UK0430 ETBOE May quarterly inflation attitudes survey.
EUR0500 ETRevised Eurozone Q1 GDP, previous +0.4% q/q and +1.0% y/y.
U.S. STOCK CALENDAR06/05/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Actavis plcACT US3:30Annual General MeetingY 2015
Wal-Mart Stores IncWMT US8:30Annual General MeetingY 2015
Goodyear Tire & Rubber Co/TheGT US9:00Goodyear Tire & Rubber Co. and Sumitomo Rubber Industries, Ltd Joint Venture Ag
Cardinal Health IncCAH US10:00Investors and Analysts Meeting - DublinY 2015
Flowers Foods IncFLO US11:00Annual General MeetingY 2015
ResMed IncRMD US12:00Investor DayY 2015
Wal-Mart Stores IncWMT US13:30Investment Community Meeting and Q&A SessionY 2015
Questar CorpSTR USRoadshow - Europe - Day 5Y 2015
Garmin LtdGRMN USAnnual General MeetingY 2015

Thursday, June 4, 2015

Interactive Brokers Group - All Time High

Interactive Brokers Group (IBKR) is the Barchart Chart of the Day.  The investment brokerage stock has a Trend Spotter buy signal, a Weighted Alpha of 67.40+, gained 61.63% in the last year and paid a 1.09% dividend.


The Chart of the Day belongs to Interactive Brokers Group (IBKR).  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 find the chart I liked.  Since the Trend Spotter signaled a buy on 4/22 the stock gained 8.96%.

Interactive Brokers Group is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments on more than 70 electronic exchanges and trading venues around the world. As a market maker, they provide liquidity at these marketplaces and, as a broker, they provide professional traders and investors with direct access to stocks, options, futures, forex and bonds from a single IB Universal AccountSM.



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
  • 9 new highs and up 8.42% in the last month
  • Relative Strength Index 76.71%
  • Barchart computes a technical support level at 3612
  • Recently traded at 37.73 with a 50 day moving average of 34.55
Fundamental factors:
  • Market Cap $2.21 billion
  • P/E 174.33
  • Dividend yield 1.09%
  • Revenue expected to grow 13.00% this year and another 28.20% next year
  • Earnings estimated to increase 41.20% this year, an additional 102.80% next year and continue to compound at an annual rate of 10.00% for the next 10 years
  • Wall Street analysts issued 2 buy and 2 hold recommendations on the stock (note that most Wall Street firms do not like to make reports on other Wall Street firms)
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy to use n this stock.

BARCHART MORNING CALL 6/3

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.47%) this morning are down -0.63% and European stocks are down -1.70% at a 4-week low as a selloff in global government bonds pressures stock prices. The 10-year German bund yield soared to an 8-1/4 month high of 0.996% as the plunge in German bund prices accelerated for a second day after ECB President Draghi on Wednesday said markets should get used to greater volatility after the ECB forecast higher Eurozone inflation rates. Another negative for stocks is the impasse in Greek debt talks that have yet to be resolved. Greece has four payments due to the IMF this month that total more than 1.5 billion euros with the first payment due on Friday. Asian stocks closed mostly lower: Japan +0.07%, Hong Kong -0.38%, China +0.76%, Taiwan -2.18%, Australia -1.42%, Singapore -0.14%, South Korea +0.54%, India -0.09%.
Commodity prices are mixed. Jul crude oil (CLN15 +0.08%) is up +0.30% and Jul gasoline (RBN15 +0.06%) is up +0.15%. Metals prices are lower. Aug gold (GCQ15 -0.25%) is down -0.14% on continued fund selling as long gold positions in ETFs fell to a 6-year low. Jul copper (HGN15 -0.83%) is down -0.88% at a 5-week low on technical selling after Jul copper fell below its 100-day moving average. Agricultural prices are mixed.
The dollar index (DXY00 -0.64%) is down -0.71% at a 2-week low. EUR/USD (^EURUSD) is up +0.71% at a 2-week high as the surge in European government bond yields boosts the euro's interest rate differentials against the dollar. USD/JPY (^USDJPY) is down -0.16%.

Sep T-note prices (ZNU15 -0.06%) are down -7 ticks at a 5-1/4 month low on the heels of the rout in German bund prices.
As expected, the BOE maintained its benchmark rate at 0.50% and kept its asset purchase plan at 375 billion pounds following today's BOE policy meeting.
The latest round of Greek debt talks failed to yield a breakthrough, and according to a Greek official, EU officials are pressing for an agreement with Greece's creditors by Jun 14. Greek Prime Minister Tsipras said that demands by EU officials and the IMF for cuts in the income of pensioners and increases in value-added taxes on power are unacceptable. Greece has to meet four payments this month to the IMF that total more than 1.5 billion euros, with the first payment due on Friday.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) May Challenger job cuts (April was +52.8% y/y), (2) weekly initial unemployment claims (expected -4,000 to 278,000 after last week's +7,000 to 282,000) and continuing claims (expected -15,000 to 2.207 million after last week's +11,000 to 2.222 million), (3) Q1 non-farm productivity (expected revised to -3.0% from -1.9%) and Q1 unit labor costs (expected revised to +6.1% from +5.0%), and (4) a speech by Fed Governor Daniel Tarullo at a financial conference in New York.
There are 7 of the Russell 1000 companies that report earnings today: JM Smucker (consensus $0.99), Joy Global (0.56), Navistar (-0.17), Michaels Cos (0.33), Cooper (1.75), Thor Industries (1.21), Verifone (0.43).
U.S. IPO's scheduled to price today include: Evolent Health (EVH), ECPM Holdings (GI), DavidsTea (DTEA), Qunar Cayman Islands (QUNR), Markit (MRKT), Oxford Lane Capital Corp (OXLC).
Equity conferences during the remainder of this week include: Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, FBN Securities: Field Trip - 8th Semi-Annual Silicon Valley Tour on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, Morgan Stanley Leveraged Finance Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Nordstrom (JWN +0.98%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.
Energizer (ENR -0.99%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Twitter (TWTR +1.65%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
Ciena (CIEN +0.99%) reported Q2 adjusted EPS of 35 cents, above consensus of 24 cents.
Diebold (DBD +2.95%) was upgraded to 'Neutral' from 'Underweight' at JPMorgan Chase.
Ericsson (ERIC unch) and AT&T (T +1.95%) were both upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase.
JM Smucker (SJM -0.30%) reported Q4 EPS of $1.87, well above consensus of 99 cents.
Joy Global (JOY -0.82%) reported Q2 EPS of 59 cents, better than consensus of 56 cents.
Verizon Communications (VZ -0.12%) fell over 1% in pre-market trading after JPMorgan Chase downgraded the stock to 'Neutral' from 'Overweight.'
T-Mobile (TMUS -0.80%) jumped nearly 6% and Dish Network (DISH -1.24%) climbed almost 8% in pre-market trading after the WSJ reported that T-Mobile in in merger talks with Dish Network.
Arthur J. Gallagher (AJG -0.23%) was initiated with an 'Overweight' at Piper Jaffray with a price target of $58.
Boeing (BA +0.39%) was awarded a $466.5 million government contract for missile guidance repair on the Minuteman III intercontinental ballistic missile.
Brown & Brown (BRO +0.89%) was initiated with an 'Overweight' at Piper Jaffray with a price target of $37.
Marsh & McLennan (MMC +0.64%) was initiated with an 'Overweight' at Piper Jaffray with a price target of $67.
Hirzel Capital reported a 7.3% stake in Hawaiian Holdings (HA -1.37%) .
MARKET COMMENTS
June E-mini S&Ps (ESM15 -0.47%) this morning are down -13.25 points (-0.63%). Wednesday's closes: S&P 500 +0.21%, Dow Jones +0.36%, Nasdaq +0.24%. The S&P 500 on Wednesday closed higher on strength in the U.S. labor market after the May ADP employment change rose +201,000, close to expectations of +200,000, and on optimism that a Greek deal may be close. Stocks were undercut by the -2.1 point decline in the May ISM non-manufacturing PMI to a 13-month low of 55.7 (weaker than expectations of -0.8 to 57.0) and by the OECD's cut in its 2015 global growth forecast to 3.1% from Oct's 3.7%.
Sep 10-year T-notes (ZNU15 -0.06%) this morning are down -7 ticks at a 5-1/4 month low. Wednesday's closes: TYU5 -26.50, FVU5 -11.75. Sep 10-year T-notes on Wednesday fell sharply and posted a new 5-month low on (1) carry-over weakness from a plunge in German bund prices to a 7-month low on reduced deflation concerns after the ECB raised its 2015 Eurozone inflation forecast, and (2) reduced safe-haven demand for Treasuries after stocks rallied.
The dollar index (DXY00 -0.64%) this morning is down -0.678 (-0.71%) at a 2-week low. EUR/USD (^EURUSD) is up +0.0080 (+0.71%) at a 2-week high. USD/JPY (^USDJPY) is down -0.20 (-0.16%). Wednesday's closes: Dollar Index -0.370 (-0.39%), EUR/USD +0.01242 (+1.11%), USD/JPY +0.131 (+0.11%). The dollar index on Wednesday fell to a 1-1/2 week low and closed lower on the larger-than-expected -2.1 point drop in the May ISM non-manufacturing PMI to a 13-month low of 55.7 and on strength in EUR/USD after the ECB raised its 2015 Eurozone inflation forecast to +0.3% from 0% in Mar.
July WTI crude oil (CLN15 +0.08%) this morning is up +18 cents (+0.30%). July gasoline (RBN15 +0.06%) is up +0.0030 (+0.15%). Wednesday's closes: CLN5 -1.62 (-2.64%), RBN5 -0.0196 (-0.95%). Jul crude oil and gasoline on Wednesday closed lower on the +0.2% increase in U.S. crude production in the week ended May 29 to a 43-year high of 9.586 million bpd and on expectations for OPEC to maintain its production levels when the cartel meets on Friday.
GLOBAL EVENT CALENDAR06/04/2015
US0730 ETMay Challenger job cuts, Apr +52.8% y/y.
0830 ETWeekly initial unemployment claims expected -4,000 to 278,000, previous +7,000 to 282,000. Weekly continuing claims expected -15,000 to 2.207 million, previous +11,000 to 2.222 million.
0830 ETRevised Q1 non-farm productivity expected -3.0%, prelim -1.9%. Revised Q1 unit labor costs expected +6.1%, prelim +5.0%.
0830 ETUSDA weekly Export Sales.
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 Jun 9-11.
1200 ETFed Governor Daniel Tarullo speaks at a financial conference in New York.
GER0330 ETGerman May Markit construction PMI, Apr 51.0.
UK0700 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.
U.S. STOCK CALENDAR06/04/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Navistar International CorpNAV USBef-mktQ2 2015 Earnings ReleaseQ2 2015-0.171
JM Smucker Co/TheSJM USBef-mktQ4 2015 Earnings ReleaseQ4 20150.992
Michaels Cos Inc/TheMIK USBef-mktQ1 2016 Earnings ReleaseQ1 20160.326
Joy Global IncJOY US6:00Q2 2015 Earnings ReleaseQ2 20150.557
L Brands IncLB US7:30May 2015 Sales and Revenue Call2015
JM Smucker Co/TheSJM US8:30Q4 2015 Earnings CallQ4 2015
Navistar International CorpNAV US9:00Q2 2015 Earnings CallQ2 2015
Michaels Cos Inc/TheMIK US9:00Q1 2016 Earnings CallQ1 2016
Ingersoll-Rand PLCIR US9:30Annual General MeetingY 2015
SandRidge Energy IncSD US10:00Annual General Meeting
Cinemark Holdings IncCNK US10:00Annual General Meeting
Joy Global IncJOY US11:00Q2 2015 Earnings CallQ2 2015
Patterson-UTI Energy IncPTEN US11:00Annual General MeetingY 2015
SL Green Realty CorpSLG US11:00Annual General MeetingY 2015
Pandora Media IncP US11:00Annual General MeetingY 2015
Las Vegas Sands CorpLVS US15:00Annual General MeetingY 2015
Cooper Cos Inc/TheCOO US16:00Q2 2015 Earnings ReleaseQ2 20151.753
Landstar System IncLSTR US16:00Q2 2015 Guidance CallQ2 2015
Thor Industries IncTHO US16:15Q3 2015 Earnings ReleaseQ3 20151.214
VeriFone Systems IncPAY US16:30Q2 2015 Earnings CallQ2 2015
Cooper Cos Inc/TheCOO US17:00Q2 2015 Earnings CallQ2 2015
Salesforce.com incCRM US17:00Annual General Meeting
VeriFone Systems IncPAY USAft-mktQ2 2015 Earnings ReleaseQ2 20150.425
General Electric CoGE US19:45Bell International Leaders Presents Former CEO, Jack Welch
Gap Inc/TheGPS USMay 2015 Sales and Revenue Release2015
L Brands IncLB USMay 2015 Sales and Revenue Release2015
Questar CorpSTR USRoadshow - Europe - Day 4Y 2015
Vertex Pharmaceuticals IncVRTX USAnnual General Meeting
Jarden CorpJAH USAnnual General Meeting
Priceline Group Inc/ThePCLN USAnnual General Meeting
Concho Resources IncCXO USAnnual General Meeting
CST Brands IncCST USAnnual General Meeting

Wednesday, June 3, 2015

Spirit AeroSystems - All Time High

Spirit AeroSystems (SPR) is the Barchart Chart of the day.  The aerospace parts and equipment  company has a Trend Spotter buy signal, a Weighted Alpha of 68.40+ and gained 72.37% in the last year.

The Chart of the Day belongs to Spirit AeroSystems (SPR).  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 5/8 the stock gained 4.93%.

Spirit AeroSystems (SPR) is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers, including Airbus.


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
  • 11 new highs and up 9.07% in the last month
  • Relative Strength Index 71.48%
  • Barchart computes a technical support level at 54.75
  • Recently traded at 56.02 with a 50 day moving average of 52.61
Fundamental factors:
  • Market Cap $7.71 billion
  • P/E 14.67
  • Revenue expected to grow 3.00% next year
  • Earnings estimated to increase 8.70% this year, an additional 5.20% next year and continue to increase at an annual rate of 12.40% for the next 5 years
  • Wall Street analysts issued 6 strong buy, 5 buy 5 hold a 1 sell recommendation on the stock
The 100 day moving average vs the price has been a reliable technical trading strategy on this stock.

BARCHART MORNING CALL 6/3

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 +0.49%) this morning are up +0.27% and European stocks are up +0.68% ahead of the ECB meeting. European stocks received a boost on stronger-than-expected economic data on Eurozone Apr retail sales that rose +0.7% m/m, the most in 15 months, and after Eurozone Apr unemployment fell -0.1 to 11.1%, the lowest in 3 years. Bank stocks also gave the overall market a boost as Credit Suisse climbed nearly 3% after RBC upgraded the lender to 'Outperform' from 'Sector Perform.' Another positive for European stocks is the decline in the Greek 10-year bond yield to a 2-week low of 10.92% on optimism that a solution to the Greek debt crisis can soon be found. Stock prices climbed even after the OECD cut its 2015 global GDP forecast to 3.1% from a 3.7% estimate in Oct. Asian stocks closed mostly lower: Japan -0.34%, Hong Kong +0.69%, China -0.01%, Taiwan -0.60%, Australia -0.93%, Singapore +0.27%, South Korea -0.85%, India -1.29%.
Commodity prices are mostly lower as the dollar strengthened. Jul crude oil (CLN15 -2.07%) is down -2.20% and Jul gasoline (RBN15 -2.11%) is down -2.16%. Metals prices are weaker. Aug gold (GCQ15 -0.35%) is down -0.50% and Jul copper (HGN15 -0.35%) is down -0.51%. Agricultural prices are lower.
The dollar index (DXY00 +0.34%) is up +0.42%. EUR/USD (^EURUSD) is down -0.26%. USD/JPY (^USDJPY) is up +0.28%.

Sep T-note prices (ZNU15 -0.14%) are down -4 ticks at a 2-week low.
The Organization for Economic Cooperation and Development (OECD) lowered its 2015 global growth forecast to 3.1% from a 3.7% estimate in Oct, saying investment is lagging and risks including a possible Greek default are hurting confidence. The OECD cut its 2015 U.S. GDP forecast to 2.0% from a Mar estimate of 3.1%.
Eurozone Apr retail sales rose +0.7% m/m, stronger than expectations of +0.6% m/m and the most in 15 months. On an annual basis, Apr retail sales rose +2.2% y/y, stronger than expectations of +2.0% y/y.
The Eurozone Apr unemployment rate fell -0.1 to 11.1% from a downward revised 11.2% in Mar, better than expectations of -0.1 to 11.2% and the lowest in 3 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (last week -1.6% with purchase sub-index +1.2% and refi sub-index -3.9%), (2) May ADP employment change (expected +200,000 after April's +169,000), (3) Apr trade deficit (expected -$44.0 billion after March's -$51.4 billion), (4) final-May Markit services PMI (expected unrevised at 56.4 after prelim-May -1.0 to 56.4), (5) May ISM non-manufacturing PMI (expected -0.8 to 57.0), (6) Fed Beige Book, and (7) a speech by Chicago Fed President Charles Evans at a banking symposium at the University Club of Chicago.
There is 1 of the Russell 1000 companies that reports earnings today: Brown-Forman (consensus $0.66).
U.S. IPO's scheduled to price today include: PennTex Midstream Partners (PTXP), VWR Corp (VWR), Molina Healthcare (MOH), AerCap Holdings (AER), STORE Capital (STOR).
Equity conferences during the remainder of this week include: Jefferies Global Healthcare Conference on Mon-Wed, Bank of America Merrill Lynch Global Technology Conference on Tue-Wed, Deutsche Bank Global Financial Services Investor Conference on Tue-Wed, KBW Asset Management and Capital Markets Conference on Wed, Sandler O'Neill & Partners Global Exchange and Brokerage Conference on Wed, Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, FBN Securities: Field Trip - 8th Semi-Annual Silicon Valley Tour on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, Morgan Stanley Leveraged Finance Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Actavis (ACT -1.12%) was initiated with an 'Outperform' at Raymond James with a price target of $344.
Dean Foods (DF -0.43%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Humana (HUM -0.08%) was upgraded to 'Neutral' from 'Underperform' at Sterne Agee CRT.
Piper Jaffray reiterates an 'Overweight' rating on Amazon.com (AMZN +0.02%) and rasies the price target on the stock to $520 from $475.
Caterpillar (CAT +0.75%) was initiated with a 'Buy' at Societe Generale with a price target of $110.
Expedia (EXPE +0.17%) was initiated with an 'Overweight' at Barclays with a price target of $125.
Genesco (GCO +1.88%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Charles Schwab (SCHW +0.60%) was initiated with an 'Overweight' at Piper Jaffray with a price target of $39.
Legg Mason (LM +0.06%) was initiated with an 'Overweight' at Piper Jaffray with a price target of $65.
CNBC reports that Hewlett-Packard's (HPQ +0.36%) separation into HP Inc. and Hewlett-Packard Enterprise will be effective Nov 1.
Ciena (CIEN +0.62%) was initiated with a 'Buy' at Nomura with a price target of $29.
ABM Industries (ABM -0.34%) reports Q2 adjusted EPS of 37 cents, higher than consensus of 35 cents.
Guess (GES +6.21%) reported an unexpected Q1 EPS profit of 4 cents, better than consensus of a -5 cent loss, although Q1 revenue of $478.8 million was below consensus of $483.8 million.
Ascena Retail (ASNA -0.61%) reported Q3 EPS of 18 cents, weaker than consensus of 20 cents.
G-III Apparel (GIII +3.30%) climbed over 4% in after-hours trading after it reported Q1 EPS of 15 cents, more than double consensus of 7 cents, and then raised guidance on fiscal 2016 EPS view to $2.66-$2.76 from $2.53-$2.63, above consensus of $2.62.
MARKET COMMENTS
June E-mini S&Ps (ESM15 +0.49%) this morning are up +5.75 points (+0.27%). Tuesday's closes: S&P 500 -0.10%, Dow Jones -0.16%, Nasdaq -0.29%. The S&P 500 on Tuesday slid to a 2-1/2 week low and closed lower on the -0.4% decline in U.S. Apr factory orders, weaker than expectations of -0.1%, and on a slide in utility companies caused by a rise in the 10-year T-note yield to a 1-1/2 week high. Stocks received support from Fed Governor Brainard's comment that she may favor waiting to raise interest rates.
Sep 10-year T-notes (ZNU15 -0.14%) this morning are down -4 ticks at a 2-week low. Tuesday's closes: TYU5 -19.00, FVU5 -8.00. Sep T-notes on Tuesday sold-off to a 1-1/2 week low and closed lower on carry-over weakness from a slide in German bund prices to a 2-week low on reduced deflation concerns after Eurozone May CPI rose more than expected. In addition, there was reduced safe-haven demand for T-notes on optimism a Greek bailout deal may be closer after EU Economic Commissioner Moscovici said there was "real progress" in negotiations.
The dollar index (DXY00 +0.34%) this morning is up +0.402 (+0.42%). EUR/USD (^EURUSD) is down -0.0029 (-0.26%). USD/JPY (^USDJPY) is up +0.35 (+0.28%). Tuesday's closes: Dollar Index -1.557 (-1.60%), EUR/USD +0.02242 (+2.05%), USD/JPY -0.673 (-0.54%). The dollar index on Tuesday dropped to a 1-week low and closed sharply lower on Fed Governor Brainard's indication that she may favor delaying an interest rate hike when she said "the string of soft data in Q1 raises some questions about the contours of the economic outlook." In addition, EUR/USD rallied sharply on reduced deflation concerns after the Eurozone May CPI estimate rose +0.3% y/y, more than expectations of +0.2% y/y and the first increase in 6 months.
July WTI crude oil (CLN15 -2.07%) this morning is down -$1.35 a barrel (-2.20%). July gasoline (RBN15 -2.11%) is down -0.0445 (-2.16%). Tuesday's closes: CLN5 +1.06 (+1.76%), RBN5 +0.0167 (+0.82%). July crude oil and gasoline closed higher Tuesday with Jul crude at a 3-week high on the sharp sell-off in the dollar index and on expectations for Wednesday' weekly EIA crude inventories to fall -2.5 million bbl, the fifth straight weekly decline.
GLOBAL EVENT CALENDAR06/03/2015
US0700 ETWeekly MBA mortgage applications, previous -1.6% with purchase sub-index +1.2% and refi sub-index -3.9%.
0815 ETMay ADP employment change expected +200,000, Apr +169,000.
0830 ETApr trade balance expected -$44.0 billion, Mar -$51.4 billion. Benchmark revisions.
0945 ETFinal-May Markit services PMI expected unrevised at 56.4, prelim-May -1.0 to 56.4. Final-May Markit composite PMI, prelim-May -0.9 to 56.1.
1000 ETMay ISM non-manufacturing PMI expected -0.8 to 57.0, Apr +1.3 to 57.8
1030 ETEIA Weekly Petroleum Status Report.
1400 ETFed Beige Book.
1415 ETChicago Fed President Charles Evans speaks at a banking symposium at the University Club of Chicago.
GER0355 ETRevised German May Markit services PMI, previous 52.9.
EUR0400 ETRevised Eurozone May Markit composite PMI, previous 53.4.
0500 ETEurozone Apr retail sales expected +0.6% m/m and +2.0% y/y, Mar -0.8% m/m and +1.6% y/y.
0500 ETEurozone Apr unemployment rate expected -0.1 to 11.2%, Mar 11.3%.
0745 ETECB announces interest rate decision.
UK0200 ETUK May nationwide house prices expected +0.4% m/m and +4.9% y/y.
0430 ETUK May Markit/CIPS services PMI expected -0.3 to 59.2, Apr 59.5.
U.S. STOCK CALENDAR06/03/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
LinkedIn CorpLNKD US0:00Annual General Meeting
Fastenal CoFAST US7:00May 2015 Sales and Revenue Release2015
Kosmos Energy LtdKOS US7:00Annual General MeetingY 2015
Brown-Forman CorpBF/B US8:00Q4 2015 Earnings ReleaseQ4 20150.66
American Airlines Group IncAAL US9:00Annual General MeetingY 2015
Wendy's Co/TheWEN US9:00Q4 2015 Guidance CallQ4 2015
Devon Energy CorpDVN US9:00Annual General MeetingY 2015
Brown-Forman CorpBF/B US10:00Q4 2015 Earnings CallQ4 2015
Amgen IncAMGN US10:00U.S. Ct of Appeals Hears Amgen vs. Novartis AG's Sandoz Unit Patent Case
New York Community Bancorp IncNYCB US10:00Annual General MeetingY 2015
Rice Energy IncRICE US10:00Annual General Meeting
Rice Energy IncRICE US10:00Annual General Meeting
Michaels Cos Inc/TheMIK US10:30Annual General MeetingY 2015
Molson Coors Brewing CoTAP US11:00Annual General MeetingY 2015
Alliance Data Systems CorpADS US11:00Annual General Meeting
Antero Resources CorpAR US11:00Annual General MeetingY 2015
Google IncGOOGL US12:00Annual General MeetingY 2015
Workday IncWDAY US12:00Annual General MeetingY 2015
Cabela's IncCAB US12:05Annual General MeetingY 2015
LinkedIn CorpLNKD US13:00Annual General Meeting
Dick's Sporting Goods IncDKS US13:30Annual General MeetingY 2015
Google IncGOOGL US14:45Economic Club of Canada Presents Managing Director, Sam Sebastian
Tech Data CorpTECD US15:00Annual General MeetingY 2015
FireEye IncFEYE US16:00Analyst DayY 2015
Costco Wholesale CorpCOST USAft-mktMay 2015 Sales and Revenue Release2015
American Airlines Group IncAAL USAnnual General Meeting
Questar CorpSTR USRoadshow - Europe - Day 3Y 2015
Activision Blizzard IncATVI USAnnual General Meeting
AutoNation IncAN USMay 2015 Sales and Revenue Release2015
Post Properties IncPPS USAnnual General Meeting
Ingram Micro IncIM USAnnual General Meeting
CoStar Group IncCSGP USAnnual General Meeting
SunPower CorpSPWR USAnnual General Meeting
Ulta Salon Cosmetics & Fragrance IncULTA USAnnual General Meeting
KAR Auction Services IncKAR USAnnual General Meeting
Twitter IncTWTR USAnnual General Meeting
Brixmor Property Group IncBRX USAnnual General Meeting
Seventy Seven Energy IncSSE USAnnual General MeetingY 2015