Friday, August 14, 2015

DexCom - All Time High

DexCom, Inc (DXCM) is the Barchart Chart of the Day.  The medical instruments company has a Trend Spotter buy signal, a Weighted Alpha of 140.80+ and gained 123.08% in the last year.

The Chart of the Day belongs to DexCom,Inc (DXCM).  I found the medical instruments stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha then sorted for the ones with technical buy signals of 80% or better,  Next I used the Flipchart feature to review the stocks.

Dexcom Inc. is developing continuous glucose monitoring systems for people with diabetes.


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

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • 140.80+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 19.13% in the last month
  • Relative Strength Index 78.19%
  • Barchart computes a technical support level at 93.92
  • Recently traded at 97.81 with a 50 day moving average of 81.76
Fundamental factors:
  • Market Cap $7.75 billion
  • Revenue expected to grow 45.00% this year and another 38.10% next year
  • Earnings estimated to increase by 60.00% this year, an additional 375.00% next year and continue to compound at an annual rate of 32.50% for the next 5 years
  • Wall Street analysts issued 7 strong buy, 5 buy, 3 hold and 1 sell recommendation on this stock
The 50-100 Day MACD Oscillator has been an effective technical trading strategy for this stock.

Thursday, August 13, 2015

Buy Signals - White Mountain Insurance Group and LHC Group

This week I added White Mountain Insurance Group (WTM) and LHC Group (LHCG) to the Barchart Van Meerten Speculative portfolio for positive price momentum.

White Mountain Insurance Group (WTM)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 20.80+ Weighted Alpha
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 8.55% in the last month 
  • Relative Strength Index 75.96%
  • Barchart computes a technical support level at 723.96
  • Recently traded at 739.00 with a 50 day moving average of 680.95
LHC Group (LHCG)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 85.96+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 17.84% in the last month
  • Relative Strength Index 65.63%
  • Barchart computes  a technical support level at 45.83
  • Recently traded at 47.50 with a 50 day moving average of 39.98




Cara Pharmaceuticals - All Time High

Cara Pharmaceuticals (CARA) is the Barchart Chart of the Day.  The biopharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 144.40+, and gained 116.75% in the last year.


The Chart of the Day belongs to Cara Pharmaceuticals (CARA).  I found the Biopharmceutical stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha then sorted again for the stocks with  technical buy signals of 80% or better.  Next I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 6/13 the stock gained 103.33%.

Cara Therapeutics, Inc. is a biopharmaceutical company. The company is focused on developing and commercializing new chemical entities designed to alleviate pain. Cara Therapeutics, Inc. is based in Shelton, United States.

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:

  • 88% Barchart technical buy signals
  • 114.40+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 62.96% in the last month
  • Relative Strength Index 69.37%
  • Barchart computes a technical support level at 20.69
  • Recently traded at 22.00 with a 50 day moving average of 15.10
Fundamental factors:
  • Market Cap $502.26
  • Revenue expected to increase 15.50% this year and another 47.70% next year
  • Earnings estimated to decrease 21.20% this year and an additional 29.10% next year
  • Despite that decrease in earnings Wall Street analysts issued 3 strong buy and 4 buy recommendations on the stock
The 50 Day Moving Average vs Price has been an effective technical trading strategy for this stock.


Sell Signals - NPTN OSN UUU HF CPRX

This week I deleted the following stocks from the Barchart Van Meerten Speculative portfolio for negative price momentum: Neophotonics (NPTN), Ossen Innovation (OSN), Universal Security Instruments (UUU), HFF (HF) and Catalyst Pharmaceuticals (CPRX).

Neophotonics (NPTN)


Barchart technical indicators:
  • 64% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 37.89% off its recent high
  • Relative Strength Index 40.85%


Barchart technical indicators:
  • 48% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20,50 and 100 day moving averages 
  • 47.08% off its recent high
  • Relative Strength Index 36.00%


Barchart technical indicators:
  • 88% Bar hart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 19.48% off its recent high
  • Relative Strength Index 32.71%
HFF (HF)


Barchart technical indicators:
  • 64% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 17.14% off its recent high
  • Relative Strength Index 35.21%


Barchart technical indicators:
  • 32% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 26.64% off its recent high
  • Relative Strength Index 39.90%








BARCHART MORNING CALL 8/13

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 +0.28%)are up +0.29 % and European stocks are up +1.76% after the PBOC stepped up verbal support for the yuan. Weakness in the yuan subsided and spurred a rally in global stocks after the PBOC said in a rare press conference today that it supports a strong, stable currency in the long term and that the currency's adjustment is "basically already completed." Technology stocks also are stronger led by a 4% gain in Cisco in pre-market trading after the company late yesterday beat Q4 EPS and revenue estimates. Asian stocks closed higher: Japan +0.99%, Hong Kong +0.43%, China +1.76%, Taiwan +0.34%, Australia +0.11%, Singapore +0.99%, South Korea +0.03%, India +0.14%.
The dollar index (DXY00 +0.33%) is up +0.29%. EUR/USD (^EURUSD) is down -0.39%. USD/JPY (^USDJPY) is up +0.24%.

Sep T-note prices (ZNU15 -0.26%) are down -9.5 ticks.
In a rare press conference today, the PBOC quelled concerns that it would let the yuan freefall when Assistant PBOC Governor Zhang Xiaohui said there's no basis for the depreciation to persist and that the currency's adjustment is "basically already completed." PBOC Deputy Governor added that the current exchange rate is now more consistent with economic fundamentals and the PBOC will act "when the market's volatility is excessive, when the market begins behaving like a herd of sheep."
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected unch at 270,000, previous +3,000 to 270,000) and continuing claims (expected -10,000 to 2.245 million, previous -14,000 to 2.255 million), (2) July retail sales (expected +0.6% and +0.4% ex autos, Jun -0.3% and -0.1% ex autos), (3) July import price index (expected -1.2% m/m and -10.7% y/y, Jun -0.1% m/m and -10.0% y/y), (4) Jun business inventories (expected +0.3%, May +0.3%), and (5) the Treasury's auction of $16 billion of 30-year T-bonds.
There are 4 of the S&P 500 companies that report earnings today: Advance Auto Parts (consensus $2.25), Kohl's (1.16), Nordstrom (0.90), Applied Materials (0.33).
U.S. IPO's scheduled to price today include: Gores Holdings (GRSHU), Boxlight Corp (BOXL), Diamondback Energy (FANG), LDR Holding Corp (LDRH).
Equity conferences during the remainder of this week include: Jefferies Industrials Conference on Tue-Thu, Canaccord Genuity Growth Conference on Wed-Thu, Nomura Media & Telecom Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Microsoft (MSFT +0.71%) was upgraded to 'Buy' from 'Hold' at Stifel.
Monster Beverage (MNST -0.46%) was upgraded to 'Overweight' from 'Equal Weight' at Morgan Stanley.
Kohl's (KSS +0.15%) reported Q2 EPS of $1.07, weaker than consensus of $1.16.
Green Plains (GPRE +6.59%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Briggs & Stratton (BGG +1.20%) reported Q4 adjusted EPS of 51 cents, well above consensus of 38 cents, but then lowered guidance on fiscal 2016 EPS to $1.20-$1.36, below consensus of $1.38.
The Globe and Mail reported that people familiar with the situation said that Barrick Gold (ABX +5.86%) has hired Canadian Imperial Bank of Commerce to pursue a sale of its smaller U.S. gold mines.
Whitebox Advisors reports 6.0% passive stake in Layne Christensen (LAYN -2.92%) .
Flowers Foods (FLO +0.05%) reported Q2 adjusted EPS of 25 cents, higher than consensus of 22 cents, and then raised guidance on fiscal 2015 revenue to $3.786 billion-$3.861 billion, above consensus of $3.77 billion.
Copa Holdings (CPA -1.00%) slid 8% in after-hours trading after it reported Q2 EPS ex-items of 93 cents, below consensus of $1.06.
Becker Drapkin reported a 9% stake in EMCORE (EMKR +0.14%) .
Middleby (MIDD -1.03%) reported Q2 EPS of 95 cents, weaker than consensus of $1.00.
News Corp. (NWSA +1.15%) rose over 4% in after-hours trading after it reported Q4 adjusted EPS of 7 cents, higher than consensus of 5 cents.
CACI (CACI +0.32%) reported Q4 EPS of $1.68, below consensus of $1.71.
Cisco (CSCO -0.43%) climbed over 4% in after-hours trading after it reported Q4 EPS of 59 cents, above consensus of 56 cents.
Roundy's (RNDY +6.91%) reported a Q2 EPS loss of -2 cents, better than consensus for a -4 cent loss.
MARKET COMMENTS
Sep E-mini S&Ps (ESU15 +0.28%) this morning are up +6.00 points (+0.29%). Wednesday's closes: S&P 500 +0.10%, Dow Jones unch, Nasdaq +0.31%. The S&P 500 on Wednesday opened sharply lower and posted a 1-month low, but recovered and closed slightly higher. Stocks were undercut by weakness in auto makers, miners and consumer-goods companies with large sales to China after the yuan plunged to a 4-year low against the dollar. Another negative factor was the -108,000 decline in U.S. Jun JOLTS job openings, a bigger decline than expectations of -13,000 to 5.35 million. Stocks rebounded on (1) a rally in energy producers sparked by the rally in crude oil, and (2) speculation grew that the market volatility from China's yuan devaluation will prompt the Fed to delay an interest rate increase.
Sep 10-year T-note prices (ZNU15 -0.26%) this morning are down -9.5 ticks. Wednesday's closes: TYU5 +3.50, FVU5 +3.73. Sep T-notes on Wednesday rallied to a 3-1/4 month high and settled higher on the slump in global stock prices, which increased safe-haven demand for T-notes, and on reduced inflation expectations after the 10-year T-note breakeven inflation rate fell to a 4-3/4 month low. T-notes lost most of their gains after stocks recovered.
The dollar index (DXY00 +0.33%) this morning is up +0.280 (+0.29%). EUR/USD (^EURUSD) is down -0.0043 (-0.39%). USD/JPY (^USDJPY) is up +0.30 (+0.24%). Wednesday's closes: Dollar Index -1.028 (-1.06%), EUR/USD +0.0117 (+1.06%), USD/JPY -0.92 (-0.74%). The dollar index Wednesday slid to a 1-month low and closed lower on (1) concern that the Fed will delay a rate hike due to the Chinese volatility, and (2) strength in yen as USD/JPY fell to a 1-week low after the sell-off in global stocks boosted the safe-haven demand for the yen.
Sep crude oil (CLU15 -0.21%) this morning is up +15 cents (+0.35%) and Sep gasoline (RBU15 -1.00%) is down -0.0086 (-0.49%). Wednesday's closes: CLU5 +0.22 (+0.51%), RBU5 +0.0035 (+0.21%). Sep crude and gasoline on Wednesday closed higher with Sep gasoline at a 1-week high on the weak dollar and on the supportive EIA report that featured a -1.25 million bbl decline in gasoline inventories to an 8-1/4 month low (vs expectations of a -675,000 bbl decline) and the -0.7% decline in U.S. crude production.
GLOBAL EVENT CALENDAR08/13/2015
US0830 ETWeekly initial unemployment claims expected unch at 270,000, previous +3,000 to 270,000. Weekly continuing claims expected -10,000 to 2.245 million, previous -14,000 to 2.255 million.
0830 ETJul retail sales expected +0.6% and +0.4% ex autos, Jun -0.3% and -0.1% ex autos.
0830 ETJul import price index expected -1.2% m/m and -10.7% y/y, Jun -0.1% m/m and -10.0% y/y.
0830 ETUSDA weekly Export Sales.
1000 ETJun business inventories expected +0.3%, May +0.3%.
1100 ETTreasury announces amount of 5-year TIPS to be auctioned Aug 20.
1300 ETTreasury auctions $16 billion 30-year T-bonds.
GER0200 ETRevised German Jul CPI (EU harmonized), previous +0.3% m/m and +0.1% y/y.
U.S. STOCK CALENDAR08/13/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Advance Auto Parts IncAAP USBef-mktQ2 2015 Earnings ReleaseQ2 20152.25
Kohl's CorpKSS US7:00Q2 2016 Earnings ReleaseQ2 20161.163
WW Grainger IncGWW US8:00July 2015 Sales and Revenue Call2015
WW Grainger IncGWW US8:00July 2015 Sales and Revenue Release2015
Kohl's CorpKSS US8:30Q2 2016 Earnings CallQ2 2016
Advance Auto Parts IncAAP US10:00Q2 2015 Earnings CallQ2 2015
Applied Materials IncAMAT US16:30Q3 2015 Earnings CallQ3 2015
Nordstrom IncJWN US16:45Q2 2016 Earnings CallQ2 2016
Nordstrom IncJWN USAft-mktQ2 2016 Earnings ReleaseQ2 20160.902
Applied Materials IncAMAT USAft-mktQ3 2015 Earnings ReleaseQ3 20150.331
Equifax IncEFX USInvestor Meeting - LondonY 2015
United Parcel Service IncUPS USRoadshow - Chicago - Day2Y 2015

Wednesday, August 12, 2015

Inogen - All Time High

Inogen (INGN) is the Barchart Chart of the Day.  The medical technology company has a Trend Spotter buy signal, a Weighted Alpha of 157.40+ and gained 168.48% in the last year.

The Chart of the Day belongs to Inogen (INGN).  I found the medical technology stock by using Barchart to sort today's All Time High list first for the highest Weighted Alpha then for stocks with  technical buy signals of 80% or better.  Next I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 7/31 the stock gained 9.96%.

Inogen, Inc. is a medical technology company. It offers oxygen concentrator, cart, carry bags, backpacks, external battery chargers and universal power supply for obstructive pulmonary disease patients. The Company's products include Inogen One G3 and Inogen One G2. It sells its products in the United States and internationally. Inogen, Inc. is headquartered in Goleta, California.


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
  • 157.40+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 11.77% in the last month
  • Relative Strength Index 69.39%
  • Barchart computes a technical support level at 41.49
  • Recently traded at 48.89 with a 50 day moving average of 42.99
Fundamenal factors:
  • Market Cap $942.60 million
  • P/E 120.14
  • Revenue expected to grow 8,990.90% next year
  • Wall Street analysts issued 5 strong buy recommendations on the stock
  • The individual investors on Motley Fool voted 12 to 2 that the stock will beat the market
The 50-10 Day MACD Oscillator has been a very good technical trading strategy for this stock.

BARCHART MORNING CALL 8/12

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 -0.71%) are down -0.83% at a 4-week ow and European stocks are down -1.96% at a 1-month low on concern a slowdown in China could harm global growth. The Chinese yuan plunged to a 4-year low of 6.4489 per dollar on negative carry-over from Tuesday's action by the PBOC to devalue the currency. Emerging markets stocks and currencies also fell on concern those countries will also have to devalue their currencies to keep pace with China. Asian stocks closed lower: Japan -1.58%, Hong Kong -2.38%, China -1.06%, Taiwan -1.32%, Australia -1.67%, Singapore -2.90%, South Korea -0.28%, India -1.27%. Weaker-than-expected China Jul industrial production dragged Sep copper prices (HGU15 -0.32%) down -0.04% to a fresh 6-year low, which the increased global market volatility boosted demand for gold as a safe haven with Dec gold (ESU15 -0.71%) up +0.90% at a 3-week high.
The dollar index (DXY00 -0.90%) is down -0.86% at a 1-week low on concern the devaluation of the Chinese yuan will slow inflation globally and delay a Fed interest rate increase. EUR/USD (^EURUSD) is up +0.90% at a 4-week high. USD/JPY (^USDJPY) is down -0.64%.

Sep T-note prices (ZNU15 +0.18%) are up +10.5 ticks at a 3-1/4 month high as the plunge in stocks boosts safe-haven demand for government debt. Also, inflation expectations continue to fall with the sell-off in commodities as the 10-year T-note breakeven inflation rate declined to a 4-3/4 month low.
Eurozone Jun industrial production fell -0.4% m/m and rose +1.2% y/y, weaker than expectations of -0.1% m/m and +1.7% y/y.
China Jul industrial production rose +6.0% y/y, weaker than expectations of +6.6% y/y.
Japan Jul PPI fell -0.2% m/m and -3.0% y/y, more than expectations of -0.1% m/m and -2.9% y/y with the -3.0% y/y decline the fastest annual decrease in 5-1/2 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (last week +4.7% with purchase sub-index +3.3% and refi sub-index +5.9%), (2) June JOLTS job openings (expected -73,000 to 5.290 million, May +29,000 to 5.363 million), (3) July monthly budget statement (expected -$126.8.0 billion, Jun +$51.8 billion), and (4) the Treasury's auction of $24 billion of 10-year T-notes.
There are 3 of the S&P 500 companies that report earnings today: Macy's (consensus $0.76), Cisco Systems (0.56), News Corp (0.05).
U.S. IPO's scheduled to price today include: Houlihan Lokey (HLI), Shake Shack (SHAK), Inotek Pharmaceuticals (ITEK), CareTrust REIT (CTRE).
Equity conferences during the remainder of this week include: J.P. Morgan Auto Conference on Tue-Wed, Oppenheimer Technology, Internet & Communications Conference on Tue-Wed, Jefferies Industrials Conference on Tue-Thu, Cowen and Co. Communications Infrastructure Summit on Wed, Canaccord Genuity Growth Conference on Wed-Thu, Nomura Media & Telecom Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Alibaba (BABA -3.89%) slid over 5% in pre-market trading after it reported Q1 EPS of 59 cents, better than consensus of 58 cents, but Q1 revenue of $3.27 billion was below consensus of $3.39 billion.
Aramark (ARMK -0.62%) reported Q3 adjusted EPS of 29 cents, above consensus of 28 cents.
Cash America (CSH -3.26%) was upgraded to 'Buy' from 'Neutral' at Sterne Agee CRT.
L Brands (LB -1.08%) was downgraded to 'Market Perform' from 'Outperform' at BMO Capital.
Johnson Controls (JCI -3.59%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Tenneco (TEN -2.79%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.
Applied Industrial (AIT -0.10%) reported Q4 EPS of 70 cents, below consensus of 73 cents.
The WSJ reports that Credit Suisse (CS -2.09%) and Barclays (BCS -1.42%) are in settlement talks with the SEC and the New York Attorney General over allegations of wrongdoing at their "dark pools."
CDK Global (CDK -3.23%) rose over 9% in after-hours trading after Bloomberg reported that the company is said to be working with bankers to explore a sale.
CSC (CSC -1.77%) reported Q1 adjusted EPS of $1.11, higher than consensus of $1.01, and then was upgraded to 'Buy' from 'Neutral' at SunTrust.
Gabelli reported a 6.47% stake in Southwest Gas (SWX +1.27%) .
Viavi (VIAV -5.80%) reported Q4 EPS of 13 cents, better than consensus of 8 cents.
Fossil (FOSL -3.74%) reported Q2 EPS of $1.12, above consensus of 82 cents, and then raised guidance on fiscal 2015 EPS to $6.20-$7.00, well above consensus of $5.57.
MARKET COMMENTS
Sep E-mini S&Ps (ESU15 -0.71%) this morning are down -17.25 points (-0.83%) at a 4-week low. Tuesday's closes: S&P 500 -0.96%, Dow Jones -1.21%, Nasdaq -1.29%. The S&P 500 on Tuesday closed lower on weakness in Chinese exporters after the PBOC unexpectedly devalued the yuan. Stocks also saw weakness in commodity producers as crude oil fell to a 4-3/4 month low, and on concern about U.S. consumer demand after June wholesale inventories rose by +0.9% m/m, the biggest increase in 14 months.
Sep 10-year T-note prices (ZNU15 +0.18%) this morning are up +10.5 ticks at a new 3-1/4 month high. Tuesday's closes: TYU5 +27.0, FVU5 +15.00. Sep T-notes Tuesday rallied sharply to a 3-1/4 month nearest-futures high on talk that the Chinese economy may be even weaker than the market thinks after the Chinese central bank devalued the yuan by 1.9%. T-notes also received a boost on the decline in the 10-year T-note breakeven inflation rate to a 4-3/4 month low, and increased safe-haven demand for T-notes after stocks fell.
The dollar index (DXY00 -0.90%) this morning is down -0.835 (-0.86%) at a 1-week low. EUR/USD (^EURUSD) is up +0.0099 (+0.90%) at a 4-week high. USD/JPY (^USDJPY) is down -0.80 (-0.64%). Tuesday's closes: Dollar Index +0.131 (+0.13%), EUR/USD +0.00227 (+0.21%), USD/JPY +0.495 (+0.40%). The dollar index on Tuesday fell to a 1-week low but rebounded and closed slightly higher. The dollar found strength on the Chinese central bank's -1.9% devaluation of the yuan, which dragged other Asian currencies lower and boosted the dollar. Meanwhile, the dollar was undercut by euro strength after Greece reached an accord with creditors on the terms for a third bailout.
Sep crude oil (CLU15 +0.81%) this morning is up +70 cents (+1.62%) and Sep gasoline (RBU15 +1.34%) is up +0.0299 (+1.77%). Tuesday's closes: CLU5 -1.58 (-3.51%), RBU5 +0.0035 (+0.21%). Sep crude oil and gasoline settled mixed on Tuesday with Sep crude at a 4-3/4 month low. Crude oil closed lower on Chinese demand concerns after China devalued the yuan, which fueled concern that Chinese demand for foreign crude may fall as the weaker yuan boosts import costs. Crude oil prices also fell on OPEC data showing that Iran's July oil production rose +32,300 bpd to 2.86 million bpd, a 3-year high. Gasoline closed higher on production concerns after British Petroleum said its Whiting, Indiana refinery will be at reduced output for a month due to unplanned maintenance and Phillips 66 said its Bayway, New Jersey refinery will shut gasoline production for up to two weeks.
GLOBAL EVENT CALENDAR08/12/2015
US0700 ETWeekly MBA mortgage applications, previous +4.7% with purchase sub-index +3.3% and refi sub-index +5.9%.
1000 ETJun JOLTS job openings expected -13,000 to 5.350 million, May +29,000 to 5.363 million.
1030 ETEIA Weekly Petroleum Status Report.
1200 ETUSDA Aug WASDE crop production.
1300 ETTreasury auctions $24 billion 10-year T-notes.
1400 ETJul monthly budget statement expected -$137.0 billion, Jun +$51.8 billion.
JPN0030 ETRevised Japan Jun industrial production, previous+0.8% m/m and +2.0% y/y. Jun capacity utilization, May 3.0% m/m.
0030 ETJapan Jun tertiary industry index expected +0.1% m/m, May -0.7% m/m.
1950 ETJapan Jun machine orders expected -4.8% m/m and +17.6% y/y, May +0.6% m/m and +19.3% y/y.
CHI0130 ETChina Jul industrial production expected +6.6% y/y, Jun +6.8% y/y.
0130 ETChina Jul retail sales expected +10.6% y/y, Jun +10.6% y/y.
UK0430 ETUK Jul jobless claims change expected +1,000, Jun +7,000. Jul claimant count rate expected unch at 2.3%.
0430 ETUK Jun avg weekly earnings expected +2.8% 3-mo avg, May +3.2% 3-mo avg. Jun weekly earnings ex-bonus expected +2.8% 3-mo avg, May +2.8% 3-mo avg.
0430 ETUK Jun ILO unemployment rate expected 5.6% for the 3-months though Jun, previous 5.6% for the 3-months through May.
1901 ETUK Jul RICS house price balance expected 42%, Jun 40%.
EUR0500 ETEurozone Jun industrial production expected -0.1% m/m and +1.7% y/y, May -0.4% m/m and +1.6% y/y.
U.S. STOCK CALENDAR08/12/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Macy's IncM USBef-mktQ2 2016 Earnings ReleaseQ2 20160.76
Macy's IncM US9:00Q2 2016 Earnings CallQ2 2016
AT&T IncT US10:00Analyst ConferenceY 2015
JM Smucker Co/TheSJM US11:00Annual General MeetingY 2015
Cisco Systems IncCSCO US16:30Q4 2015 Earnings CallQ4 2015
Cisco Systems IncCSCO USAft-mktQ4 2015 Earnings ReleaseQ4 20150.563
News CorpNWSA USAft-mktQ4 2015 Earnings ReleaseQ4 20150.05
News CorpNWSA US18:00Q4 2015 Earnings CallQ4 2015
Equifax IncEFX USInvestor Meeting - ParisY 2015
Xilinx IncXLNX USAnnual General Meeting
United Parcel Service IncUPS USRoadshow - Chicago - Day1Y 2015

Tuesday, August 11, 2015

Marcus and Millichap - All Time High

Marcus & Millichap (MMI) is the Barchart Chart of the Day.  The speciality Real Estate Brokerage firm has a Trend Spotter buy signal, a Weighted Alpha of 45.50+ and gained 96.64% in the last year.

The Chart of the Day belongs to Marcus & Millchap (MMI).  I found the Specialty Real Estate Brokerage stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha, then looked for the stocks with at least  80% technical buy signals.  I then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 7/20 the stock gained 7.40%.

Marcus & Millichap, Inc. operates a brokerage firm specializing in real estate investments. It offers commercial real estate investment brokerage services for multifamily, retail, office, industrial, land, self-storage, seniors housing, manufactured housing, and mixed-use/other property types. The company also provides a range of advisory and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. is based in Calabasas, California.


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

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • 94.50+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 10.48% in the last month
  • Relative Strength Index 60.83%
  • Barchart computes a technical support level at 47.88
  • Recently traded at 52.09 with a 50 day moving average of 48.27
Fundamental factors:
  • Market Cap $1.93 billion
  • P/E 31.52
  • Revenue expected to grow 22.70% this year and another 10.80% next year
  • Earnings estimated to increase 36.20% this year, an additional 13.90% next year and continue to increase at an annual rate of 25.00% for the next 6 years
  • Wall Street analysts issued 2 strong buy, 1 buy and 1 hold recommendation on the stock.
The 50-100 Day MACD Oscillator has been an extremely good technical trading strategy on this stock.

Monday, August 10, 2015

Dermira - All Time High

Dermira (DERM) is the Barchart Chart of the Day.  The dermatology products company has a Trend Spotter buy signal, a Weighted Alpha of 100.90+ and gained 73.76% in the last year.

The Chart of the Day belongs to Dermira (DERM).  I found the dermatology products stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha then sorted for the stocks with at least an 80% or better technical buying signals.  I then used the Flipchart feature to review the Charts.  Since the Trend Spotter signaled a buy on 6/1 the stock gained 73.87%.

Dermira, Inc. is a specialty biopharmaceutical company. It is focused on bringing medical dermatology products to dermatologists and their patients. The Company markets topical small molecule therapeutics that target acne, sebaceous gland hyperactivity, and inflammatory skin diseases. Its late-stage product candidates comprise Cimzia which has completed Phase II clinical trials for the treatment of moderate-to-severe plaque psoriasis; DRM04 that is in a Phase IIb clinical trial for the treatment of hyperhidrosis or excessive sweating; and DRM01 which has completed a Phase IIa clinical trial for the treatment of acne. Dermira, Inc. is headquartered in Redwood City, California.


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
  • 100.90+ Weighted Alpha 
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 48.30% in the last month
  • Relative Strength Index 78.83%
  • Barchart computes a technical support level at 23.69
  • Recently traded at 26.90 with a 50 day moving average of 19.28
Fundamental factors:
  • Market Cap $661.74 million
  • New so not closely followed
  • Has had 2 great earnings surprises
  • Earnings estimated to increase 35.90% this year ad an additional 10.70% next year
  • Wall Street analysts issued 2 strong buy and another buy recommendation
  • Only 1 individual investor on Motley Fool follows the stock and they have an Outperform opinion
The Trend Spotter has been a good technical trading strategy or this stock and should be used for now.

Convergys - See Signals

Today I deleted Convergys (CVG) from the Barchart Van Meerten New High portfolio for negative price momentum


Barchart technical indicators:
  • 64% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 10.92% off its recent high
  • Relative Strength Index 32.44%
  • Recently traded at 23.71 which is below its 50 day moving average of 25.24


The 5 Best Small Caps

I wanted to find which Small Cap stocks had not only the best consistent return in the past year but which ones also had currently not run out of steam.  I used Barchart to sort the S&P 600 Small Cap Index stocks first by the Weighted Alpha then looked for stocks with the highest technical buy signals.

Today's list includes Lending Tree (TREE), Abiomed (ABMD), AMN Healthcare Services (AHS), Stamps.Com (STMP) and Amedisys (AMED).

Lending Tree (TREE)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 248.70+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 52.44% in the last month 
  • Relative Strength Index 78.12%
  • Barchart computes a technical support level at 110.90
  • Recently traded at 118.79 with a 50 day moving average of 78.92
Abiomed (ABMD)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 220.00+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 42.06% in the last month
  • Relative Strength Index 88.45%
  • Barchart computes a technical support level 92.00
  • Recently traded at 95.96 with a 50 day moving average of 70.40


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 152.70+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 2 new highs and up 10.23% in the last month
  • Relative Strength Index 72.39%
  • Barchart computes a technical support level at 33.38
  • Recently traded at 34.82 with a 50 day moving average of 30.12
Stamp.Com (STMP)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 147.60+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 14.58% in the last month
  • Relative Strength Index 67.47%
  • Barchart computes a technical support level at 77.27%
  • Recently traded at 83.85 with a 50 day moving average of 72.72
Amedisys (AMED)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • 131.00+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 10.48% in the last month
  • Relative Strength Index 60.30%
  • Barchart computes a technical support level at 44.94
  • Recent traded at 46.10 with a 50 day moving average of 40.95











/BARCHART MORNING CALL