Friday, February 5, 2016

Tyson Foods - Chart of the day

Tyson Foods (TSN) is the Barchart Chart of the Day.  The poultry processing company has a Trend Spotter buy signal, a Weighted Alpha of 48.41+ and gained 42.68% in the last year.

The Chart of the Day belongs to Tyson Foods (TSN).  I found the poultry processing stock by using Barchart to sort today's All Time High list for the highest technical buy signals, then used the Flipchart feature to review the charts.

Tyson Foods, Inc. is the world's largest fully-integrated producer, processor and marketer of chicken and poultry-based food products. Tyson is a comprehensive supplier of value-added chicken products through food service, retail grocery stores, club stores and international distribution channels. Although its core business is chicken, in the United States Tyson is also the second largest maker of corn and flour tortillas under the Mexican Original brand and through its subsidiary Cobb Vantress, the top chicken breeding stock supplier.



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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 9.18% in the last month
  • Relative Strength Index 67.55%
  • Technical support level at 54.17
  • Recently traded at 57.10 with a 50 day moving average of 52.42
Fundamental factors:
  • Market Cap $21.07 billion
  • P/E 16.80
  • Dividend yield .76%
  • Revenue to shrink 2.00% this year but grow again by 1.40% next year
  • Earnings estimated to increase by 15.20% this year, an additional 8.80% next year and continue to compound at an annual rate of 12.36% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 2 buy and 4 hold recommendations on the stock
The 50-100 Day MACD Oscillator has been an effective technical trading strategy for this stock.

Thursday, February 4, 2016

Rexford Industrial Realty - Chart of the Day

Rexford Industrial Realty (REXR) is the Barchart Chart of the Day.  The industrial REIT has a Trend Spotter buy signal, A Weighted Alpha of 13.43+, gained 6.87% in the last year and paid a 3.26% dividend.


The Chart of the Day belongs to Rexford Industrial Realty (REXR).  I found the industrial REIT by using Barchart to sort the All Time High list first by technical buy signals, then used the FlipChart feature to review the charts.

Rexford Industrial Realty, Inc. is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. Rexford Industrial Realty, Inc. is based in Los Angeles, 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:

  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 5.54% in the last month
  • Relative Strength Index 65.84%
  • Technical support level at 16.42
  • Recently traded at 16.90 with a 50 day moving average of 16.10
Fundamental factors:
  • Market Cap $941.23 million
  • P/E 21.00
  • Dividend yield 3.26%
  • Revenue expected to grow 21.10% this year and another 26.90% next year
  • Earnings estimated to decrease 2.50% this year, increase again by 8.90% next year and continue to compound at an annual rate of 9.00% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 3 buy and 2 hold recommendations on the stock


Wednesday, February 3, 2016

Con Ed - Chart of the Day

Con Ed (ED) is the Barchart Chart of the Day.  The electric utility company has a Trend Spotter buy signal, a Weighted Alpha of 14.50+, gained 3.80% in the last year and paid a 3.69% dividend.

Consolidated Edison Company of New York (ED) is the Chart of the Day.  I found the electric utility stock by sorting the All Time High list first for the highest technical buy signals then I used the Flip Chart feature to review the charts.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses.

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

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 11.42% in the last month
  • Relative Strength Index 77.31%
  • Technical support level at 69.40
  • Recently traded at 71.67 with a 50 day moving average of 65.10
Fundamental factors:
  • Market Cap $20.99 billion
  • P/E 17.43
  • Dividend yield 3.69%
  • Revenue expected to be down .20% this year but up by 1.90% next year
  • Earnings estimated to increase 3.10% this year, an additional 1.20% next year and continue to compound at an annual rate of 2.95% for the next 5 year
  • Wall Street analysts issued 12 hold 5 under perform and 1 sell recommendation on the stock
This is not a trading stock and should be held for its dividend, possibly on a DRIP.

Today's 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index stocks first for the highest technical buy signals, then I used the Flip Chart feature to review the charts.  Today's list includes Popeyes Louisiana Kitchen (PLKI), Northwest Natural Gas (NWN), New Jersey Resources (NJR), LTC Properties (LTC), Laclede Group (LG):

Popeyes Louisiana Kitchen (PLKI)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 6.31% in the last month
  • Relative Strength Index 65.13%
  • Technical support level at 61.35


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 3.69% in the last month
  • Relative Strength Index 62.06%
  • Technical support level at 51.69
  • Recently traded at 52.48 with a 50 day moving average of 49.87


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 8.2% in the last month
  • Relative Strength Index 66.01%
  • Technical support level at 34.81
  • Recently traded at 35.80 with a 50 day moving average of 32.11


Barchart technical indicators:
  • 100% 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 60.03%
  • Technical support level at 44.21
  • Recently traded at 45.26 with a 50 day moving average of 42.92


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 8.52% in the last month
  • Relative Strength Index 73.35%
  • Technical support level at 62.76
  • Recently traded at 64.47 with a 50 day moving average of 58.84










MORNING CALL 2/3

MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 +0.26%) are up +0.20% as stock index futures track crude oil prices (CLH16 +1.84%) which are up +1.67%. European stocks are down -0.93% at a 1-1/2 week low as losses in Italian banks lead the market lower. The cost of insuring corporate debt in Europe rose as the Markit iTraxx Europe Index of credit-default swaps on investment-grade companies rose above 100 bp, the highest in 2-1/3 years, as the continued decline in energy and commodity prices is putting pressure on miners and energy producers along with the banks that have loaned to those companies. Asian stocks settled lower: Japan -3.15%, Hong Kong -2.34%, China -0.38%, Taiwan -0.84%, Australia -2.33%, Singapore -1.10%, South Korea -0.92%, India -1.29%. Losses in Chinese stocks were limited as property stocks rose after the PBOC cut the minimum required down payment for first-time purchases to the lowest ever in an attempt to prop up the property market.
The dollar index (DXY00 -0.20%) is down -0.26%. EUR/USD (^EURUSD) is down -0.01%. USD/JPY (^USDJPY) is down -0.38%.
Mar T-note prices (ZNH16 -0.12%) are down -2 ticks.
According to people with direct knowledge of the matter, the PBOC plans to loosen rules on when foreign investors can bring money in and out of funds under the Qualified Foreign Institutional Investor scheme (QFII), which grants quotas for money brought into China for investment in domestic stocks and bonds. The lock-up period for the withdrawal of QFII funds from China would be relaxed and institutions will be given more latitude over when they can bring money into China. Under the planned changes, QFII funds would be allowed to withdraw money from China on a daily basis. Currently, funds are subject to lock-ups of either 1 week of 1 month, depending on the type of quota.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +8.8% with purchase sub-index +4.6% and refi sub-index +11.2%), (2) Jan ADP employment change (expected +193,000, Dec +257,000), (3) final-Jan Markit services PMI (expected unrevised at 53.7, prelim-Jan -0.6 to 53.7), (4) Jan ISM non-manufacturing index (expected -0.7 to 55.1, Dec -0.8 to 55.8).
There are 31 of the S&P 500 companies that report earnings today with notable reports including: GM (1.20), Marathon Petroleum (0.69), Merck (0.91), ADP (0.72), Southern Company (0.43), Allstate (1.34), Yum Brands (0.66), MetLife (1.36).
U.S. IPO's scheduled to price today: PLx Pharma (PLXP).
Equity conferences this week include: Cowen and Company Aerospace/Defense Conference & Transport Forum on Wed-Thu
OVERNIGHT U.S. STOCK MOVERS
Intel (INTC -3.31%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.
Merck & Co. (MRK -0.67%) reported Q4 EPS of 93 cents, higher than consensus of 91 cents.
Marathon Petroleum (MPC -3.59%) reported Q4 EPS ex-charge of 79 cents, better than consensus of 69 cents.
Chipotle Mexican Grill (CMG +0.64%) declined over 6% in pre-market trading after it said it received a subpoena from the U.S. Attorney's office for the Central District of California expanding the scope of a federal criminal probe into a norovirus outbreak in California.
Yahoo! (YHOO -1.72%) fell over 1% in after-hours trading after it reported Q4 adjusted EPS of 13 cents, better than consensus of 12 cents, but said it sees Q1 adjusted Ebitda of $100 million-$120 million, below consensus of $181 million.
Edwards Lifesciences (EW -2.45%) gained over 4% in after-hours trading after it reported Q4 adjusted EPS of 63 cents, better than consensus of 60 cents, and then raised guidance on fiscal 2016 adjusted EPS to $2.57-$2.67 from a December forecast of $2.30-$2.40, above consensus of $2.41.
IAC/Interactive (IAC -2.08%) slid over 1% in after-hours trading after it reported Q4 adjusted EPS of 75 cents, well below consensus of 92 cents.
Gilead Sciences (GILD -1.59%) rose 1% in after-hours trading after it reported Q4 adjusted EPS of $3.32, higher than consensus of $2.99.
Barnes & Noble (BKS -5.38%) slid nearly 2% in after-hours trading after the WSJ reported that Amazon said it plans 300 to 400 physical bookstores nationwide.
Match Group (MTCH -4.69%) dropped over 3% in after-hours trading after it reported Q4 revenue of $267.6 million, below consensus of $275.9 million.
Boot Barn Holdings (BOOT -13.73%) climbed over 5% in after-hours trading after it reported Q3 adjusted EPS of 45 cents, above consensus of 44 cents.
Oclaro (OCLR +3.97%) jumped 9% in after-hours trading after it reported Q2 profit from continuing operations of 3 cents, above consensus of 1 cent.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 +0.26%) this morning are up +3.75 points (+0.20%). Tuesday's closes: S&P 500 -1.87%, Dow Jones -1.80%, Nasdaq -2.18%. The S&P 500 index on Tuesday closed sharply lower on continued concerns about weak global growth and on the -5.5% plunge in crude oil prices, which dragged down energy-producer stocks.
Mar 10-year T-notes (ZNH16 -0.12%) this morning are down -2 ticks. Tuesday's closes: TYH6 +29.50, FVH6 +16.25. Mar T-note prices on Tuesday rallied to a contract high and the 10-year T-note yield tumbled to a 9-1/2 month low of 1.85%. T-note prices rallied on carryover support from a rally in German bunds to a 9-month high and on increased safe-haven demand prompted by the sharp sell-off in stocks.
The dollar index (DXY00 -0.20%) this morning is down -0.257 (-0.26%). EUR/USD (^EURUSD) is down -0.0001 (-0.01%). USD/JPY (^USDJPY) is down-0.45 (-0.38%). Tuesday's closes: Dollar Index -0.137 (-0.14%), EUR/USD +0.0031 (+0.28%), USD/JPY -1.02 (-0.84%). The dollar index on Tuesday closed lower on increased safe-haven demand for the yen from the plunge in stocks, and on strength in EUR/USD after Eurozone Dec unemployment rate unexpectedly fell -0.1 to a 4-1/3 year low of 10.4%.
Mar crude oil (CLH16 +1.84%) this morning is up +50 cents (+1.67%) and Mar gasoline (RBH16 -2.61%) is down -0.0283 (-2.83%). Tuesday's closes: CLH6 -1.74 (-5.50%), RBH6 -0.1004 (-9.27%). Mar crude oil and gasoline prices on Tuesday closed sharply lower with Mar gasoline at a contract low. Crude oil prices were undercut by news that Jan Russian oil production rose +1.5% y/y to a post-Soviet record high of 10.878 million bpd and by expectations for Wednesday’s weekly EIA crude inventories to climb +3.75 million bbl.
GLOBAL EVENT CALENDAR02/03/2016
US0700 ETWeekly MBA mortgage applications, previous +8.8% with purchase sub-index +4.6% and refi sub-index +11.2%.
0815 ETJan ADP employment change expected +193,000, Dec +257,000.
0830 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned in the Feb quarterly refunding Feb 9-11.
0945 ETFinal-Jan Markit services PMI expected unrevised at 53.7, prelim-Jan -0.6 to 53.7. Revised Jan Markit composite PMI, prelim-Jan -0.3 to 53.7.
1000 ETJan ISM non-manufacturing index expected -0.7 to 55.1, Dec -0.8 to 55.8.
1030 ETEIA Weekly Petroleum Status Report.
JPN0000 ETJapan Jan consumer confidence index expected -0.2 to 42.5, Dec 42.7.
GER0355 ETRevised German Jan Markit services PMI, preliminary -0.6 to 55.4.
EUR0400 ETRevised Eurozone Jan Markit composite PMI, preliminary -0.8 to 53.5.
0500 ETEurozone Dec retail sales expected +0.3% m/m and +1.5% y/y, Nov -0.3% m/m and +1.4% y/y.
UK0430 ETUK Jan Markit/CIPS services PMI expected -0.1 to 55.4, Dec 55.5.
U.S. STOCK CALENDAR02/03/2016

CompanyTickerTimeEvent DescriptionPeriodEstimate
Automatic Data Processing IncADP USBef-mktQ2 2016 Earnings ReleaseQ2 20160.715
Becton Dickinson and CoBDX USBef-mktQ1 2016 Earnings ReleaseQ1 20161.845
Eaton Corp PLCETN USBef-mktQ4 2015 Earnings ReleaseQ4 20151.098
International Paper CoIP USBef-mktQ4 2015 Earnings ReleaseQ4 20150.823
Jacobs Engineering Group IncJEC USBef-mktQ1 2016 Earnings ReleaseQ1 20160.684
Merck & Co IncMRK USBef-mktQ4 2015 Earnings ReleaseQ4 20150.912
Exelon CorpEXC USBef-mktQ4 2015 Earnings ReleaseQ4 20150.384
Comcast CorpCMCSA USBef-mktQ4 2015 Earnings ReleaseQ4 20150.818
Alexion Pharmaceuticals IncALXN USBef-mktQ4 2015 Earnings ReleaseQ4 20151.099
National Oilwell Varco IncNOV USBef-mktQ4 2015 Earnings ReleaseQ4 20150.438
Spectra Energy CorpSE USBef-mktQ4 2015 Earnings ReleaseQ4 20150.308
General Motors CoGM USBef-mktQ4 2015 Earnings ReleaseQ4 20151.204
Marathon Petroleum CorpMPC USBef-mktQ4 2015 Earnings ReleaseQ4 20150.691
Avery Dennison CorpAVY US6:45Q4 2015 Earnings ReleaseQ4 20150.781
CBRE Group IncCBG US6:59Q4 2015 Earnings ReleaseQ4 20150.783
Southern Co/TheSO US7:30Q4 2015 Earnings ReleaseQ4 20150.429
Becton Dickinson and CoBDX US8:00Q1 2016 Earnings CallQ1 2016
Merck & Co IncMRK US8:00Q4 2015 Earnings CallQ4 2015
Mondelez International IncMDLZ US8:00Q4 2015 Earnings ReleaseQ4 20150.482
CBRE Group IncCBG US8:00Q4 2015 Earnings CallQ4 2015
Automatic Data Processing IncADP US8:30Q2 2016 Earnings CallQ2 2016
Franklin Resources IncBEN US8:30Q1 2016 Earnings ReleaseQ1 20160.752
Franklin Resources IncBEN US8:30Q1 2016 Earnings Call - pre-recordedC1 2016
Comcast CorpCMCSA US8:30Q4 2015 Earnings CallQ4 2015
CH Robinson Worldwide IncCHRW US8:30Q4 2015 Earnings CallQ4 2015
Unum GroupUNM US9:00Q4 2015 Earnings CallQ4 2015
National Oilwell Varco IncNOV US9:00Q4 2015 Earnings CallQ4 2015
Spectra Energy CorpSE US9:00Q4 2015 Earnings CallQ4 2015
Avery Dennison CorpAVY US10:00Q4 2015 Earnings CallQ4 2015
Eaton Corp PLCETN US10:00Q4 2015 Earnings CallQ4 2015
International Paper CoIP US10:00Q4 2015 Earnings CallQ4 2015
Kimco Realty CorpKIM US10:00Q4 2015 Earnings CallQ4 2015
Alexion Pharmaceuticals IncALXN US10:00Q4 2015 Earnings CallQ4 2015
Mondelez International IncMDLZ US10:00Q4 2015 Earnings CallQ4 2015
General Motors CoGM US10:00Q4 2015 Earnings CallQ4 2015
Marathon Petroleum CorpMPC US10:00Q4 2015 Earnings CallQ4 2015
Franklin Resources IncBEN US11:00Q1 2016 Earnings CallQ1 2016
Jacobs Engineering Group IncJEC US11:00Q1 2016 Earnings CallQ1 2016
Exelon CorpEXC US11:00Q4 2015 Earnings CallQ4 2015
Equity ResidentialEQR US11:00Q4 2015 Earnings CallQ4 2015
Visa IncV US11:30Annual General MeetingY 2016
Accenture PLCACN US12:00Annual General Meeting
Southern Co/TheSO US13:00Q4 2015 Earnings CallQ4 2015
Microchip Technology IncMCHP US17:00Q3 2016 Earnings CallQ3 2016
XL Group PLCXL USAft-mktQ4 2015 Earnings ReleaseQ4 20150.578
Lincoln National CorpLNC USAft-mktQ4 2015 Earnings ReleaseQ4 20151.563
Plum Creek Timber Co IncPCL USAft-mktQ4 2015 Earnings ReleaseQ4 20150.154
Torchmark CorpTMK USAft-mktQ4 2015 Earnings ReleaseQ4 20151.064
Cincinnati Financial CorpCINF USAft-mktQ4 2015 Earnings ReleaseQ4 20150.917
Microchip Technology IncMCHP USAft-mktQ3 2016 Earnings ReleaseQ3 20160.618
Allstate Corp/TheALL USAft-mktQ4 2015 Earnings ReleaseQ4 20151.336
Macerich Co/TheMAC USAft-mktQ4 2015 Earnings ReleaseQ4 20151.073
AvalonBay Communities IncAVB USAft-mktQ4 2015 Earnings ReleaseQ4 20151.982
Boston Properties IncBXP USAft-mktQ4 2015 Earnings ReleaseQ4 20151.266
Yum! Brands IncYUM USAft-mktQ4 2015 Earnings ReleaseQ4 20150.661
MetLife IncMET USAft-mktQ4 2015 Earnings ReleaseQ4 20151.363
Costco Wholesale CorpCOST US21:00January 2016 Sales and Revenue Release2016
Motorola Solutions IncMSI USQ4 2015 Earnings ReleaseQ4 20151.456
AutoNation IncAN USJanuary 2016 Sales and Revenue Release2016

Tuesday, February 2, 2016

NextEra Energy - Chart of the day

NextEra Energy (NEE) is the Barchart Chart of the Day. The electric services company has a Trend Spotter buy signal, a Weighted Alpha of 13.08+, gained 3.29% over the last year and paid a 2.76% dividend.

The Chart of the Day belongs to NextEra Energy (NEE).  I found the electric services stock by sorting Barchart's All Time High list for the highest technical buy signals, then used the Flip Chart feature to review the charts.

NextEra Energy, Inc. is a leading clean energy company. Headquartered in Juno Beach, Fla., NextEra Energy's principal subsidiaries are Florida Power & Light Company and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin.



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% technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 9.43% in the last month
  • Relative Strength Index 77.20%
  • Technical support level at 109.75
  • Recently traded at 113.83 with a 50 day moving average of 103.22
Fundamental factors:
  • Market Cap $52.40 billion
  • P/E 19.46
  • Dividend yield 2.76%
  • Revenue expected to grow 2.10% this year and another 6.30% next year
  • Earnings estimated to increase 7.70% this year, an additional 6.30% next year and continue to compound at an annual rate of 6.91% for the next 5 years
  • Wall Street analysts issued 9 strong buys, 14 buys and 2 hold recommendations on the stock
This is a hold for the dividend stock.

Today's 5 Best Mid Caps

This morning I used Barchart to sort the S&P 400 Mid Cap Index stocks forst for the highest technical buy signals then I used the Flip Chart feature to review the charts.  My list today includes Aqua America (WTR), Westar Energy (WR), WGL Holdings (WGL), PNM Resources (PNM), Alliant Energy (LNT):

Aqua America (WTR)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 6.51% in the last month
  • Relative Strength Index 69.13%
  • Technical support level at 31.17
  • Recently traded at 31.74 with a 50 day moving average of 29.66


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 5.33% in the last month
  • Relative Strength Index 67.59%
  • Technical support level at 42.79
  • Recently traded at 44.78 with a 50 day moving average of 42.05


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.62% in the last month
  • Relative Strength Index 65.44%
  • Technical support level at 64.96
  • Recently traded at 66.78 with a 50 day moving average of 62.34


Barchart technical indicators:
  • 100% Technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 3.96% in the last month
  • Relative Strength Index 30.85%
  • Technical support level at 30.85
  • Recently traded at 31.77 with a 50 day moving average of 29.83


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 5.22% in the last month
  • Relative Strength Index 65.67%
  • Technical support level at 64.07
  • Recently traded at 65.92 with a 50 day moving average of 61.78










MORNING CALL 2/2

MORNING CALL
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 -0.63%) are down -0.75% and European stocks are down -1.40% on global growth concerns. Crude oil (CLH16 -3.10%) is down -3.45%, which is undercutting energy producers that are leading the overall market lower with Chevron and Schlumberger down over 1% in pre-market trading. Losses in European stocks were limited after the Eurozone Dec unemployment rate unexpectedly fell to a 4-1/3 year low of 10.4%. Asian stocks settled mostly lower: Japan -0.64%, Hong Kong -0.76%, China +2.26%, Taiwan -0.32%, Australia -1.00%, Singapore -0.89%, South Korea -1.10%, India -1.15%. China's Shanghai Composite closed higher after the PBOC injected 100 billion yuan ($15 billion) into the banking system using reverse repurchase agreements to provide liquidity ahead of the Chinese lunar new year holidays next week.
The dollar index (DXY00 -0.11%) is down -0.05%. EUR/USD (^EURUSD) is up +0.30%. USD/JPY (^USDJPY) is down -0.15%.
Mar T-note prices (ZNH16 +0.21%) are up +9.5 ticks.
The PBOC said it will allow banks to cut the minimum required mortgage down payment to 20% from 25% for first-home purchases to the lowest ever in an attempt to boost China's property market. Also, the minimum down payment for second-home purchases was cut to 30% from 40%.
The Eurozone Dec unemployment rate unexpectedly fell -0.1 to 10.4%, better than expectations of no change at 10.5% and the lowest in 4-1/3 years.
Eurozone Dec PPI fell -0.8% m/m and -3.0% y/y, a faster pace of decline than expectations of -0.6% m/m and -2.8% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Jan New York ISM (Dec +1.3 to 62.0), (2) Kansas City Fed President Esther George's speech about the U.S. economic outlook and monetary policy to the Central Exchange, and (3) Jan total vehicle sales (expected 17.30 million, Dec 17.22 million) and Jan domestic vehicle sales (expected 13.70 million, Dec 13.46 million).
There are 31 of the S&P 500 companies that report earnings today with notable reports including: Exxon (0.64), UPS (1.42), Pfizer (0.52), Baxter (0.32), ADM (0.64), Chipotle (1.81), Yahoo (0.12).
U.S. IPO's scheduled to price today: BeiGene (BGNE), Nordic Realty Trust (NORT), Editas Medicine (EDIT).
Equity conferences this week include: Cowen and Company Aerospace/Defense Conference & Transport Forum on Wed-Thu
OVERNIGHT U.S. STOCK MOVERS
Alphabet (GOOGL +1.24%) is up overr 3% in pre-market trading after it reported Q4 adjusted EPS of $8.67, well above consensus of $8.09, as Q4 paid clicks climbed +31% y/y, higher than consensus of +22.4% y/y.
Down Chemical (DOW +1.38%) reported Q4 EPS of 91 cents, higher than consensus of 69 cents.
UGI Corp. (UGI +0.32%) reported Q1 adjusted EPS of 64 cents, below consensus of 70 cents.
Aflac (AFL -2.50%) rose over 1% in after-hours trading after it reported Q4 operating EPS of $1.56, above consensus of $1.48.
Rent-A-Center (RCII -2.50%) slumped over 10% in after-hours trading after it reported Q3 revenue of $793.8 million, less than consensus of $874.8 million, and said it sees 2016 core U.S. revenue down -4% to -6%, weaker than consensus of +1%.
Flowserve (FLS -0.70%) lowered guidance on fiscal 2016 adjusted EPS to $2.40-$2.75, weaker than consensus of $2.95.
Mattel (MAT -3.01%) gained over 5% in after-hours trading after it reported Q4 adjusted EPS all items of 63 cents, above consensus of 61 cents.
Leggett & Platt (LEG +0.17%) slid almost 4% in after-hours trading after it said it sees 2016 sales of $2.9 billion-$4.1 billion, below consensus of $4.17 billion.
Anadarko Petroleum (APC -2.15%) climbed over 4% in after-hours trading after it reported a Q4 adjusted EPS loss of -57 cents, a smaller loss than consensus of -$1.10.
Plantronics (PLT -0.16%) was downgraded to 'Underperform' from 'Outperform' at Raymond James.
Hain Celestial (HAIN +1.73%) reported Q2 adjusted EPS of 57 cents, higher than consensus of 54 cents.
PVH Corp. (PVH -0.29%) rose over 6% in after-hours trading after it raised guidance on 2016 adjusted EPS to above $7.00 from a December estimate of $6.90-$7.00, above consensus of $6.96.
Rayonier Advanced Materials (RYAM +2.43%) fell over 7% in after-hours trading after it reported Q4 revenue of $242 million, below consensus of $245.8 million.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 -0.63%) this morning are down -14.50 points (-0.75%). Monday's closes: S&P 500 -0.04%, Dow Jones -0.10%, Nasdaq +0.17%. The S&P 500 on Monday closed slightly lower on negative carryover from the -1.78% drop in China's Shanghai Composite on growth concerns after China's Jan manufacturing PMI fell -0.3 to 49.4, weaker than expectations of -0.1 to 49.6 and the steepest pace of contraction in 3-1/3 years. Stocks were also undercut by the +0.2 point increase in the U.S. Jan ISM manufacturing index, which was weaker than expectations of +0.4 to 48.4. On the supportive side, Fed Vice Fed Chair Fischer said that market turmoil could affect the Fed's next policy move, which reduces the outlook for the Fed to raise interest rates at the next FOMC meeting in March.
Mar 10-year T-notes (ZNH16 +0.21%) this morning are up +9.5 ticks. Monday's closes: TYH6 -13.00, FVH6 -8.50. Mar T-notes on Monday retreated from a contract high and closed lower on profit-taking after the rally of more than 4 points in Mar T-notes in the past month. T-notes were also undercut by signs of strength within the weaker-than-expected Jan ISM report after the Jan new orders sub-index rose +2.7 a 5-month high of 51.5.
The dollar index (DXY00 -0.11%) this morning is down -0.048 (-0.05%). EUR/USD (^EURUSD) is up +0.0033 (+0.30%). USD/JPY (^USDJPY) is down-0.18 (-0.15%). Monday's closes: Dollar Index -0.597 (-0.60%), EUR/USD +0.0057 (+0.53%), USD/JPY -0.15 (-0.12%). The dollar index on Monday closed lower on global economic concerns that may delay additional Fed interest rate increases after China's Jan manufacturing PMI contracted for an eleventh month and the U.S. Jan ISM manufacturing index contracted for a fourth month. The dollar index was also undercut by strength in EUR/USD after German Jan Markit/BME manufacturing PMI was revised upward to 52.3 from 52.1.
Mar crude oil (CLH16 -3.10%) this morning is down -$1.09 a barrel (-3.45%) and Mar gasoline (RBH16 -4.59%) is down -0.0481 (-4.44%). Monday's closes: CLH6 -2.30 (-6.84%), RBH6 -0.0508 (-4.49%). Mar crude oil and gasoline on Monday closed sharply lower on global economic concerns after China's Jan manufacturing PMI contracted at the steepest pace in 3-1/3 years and the U.S. Jan ISM manufacturing contracted for a fourth month. Crude oil prices were also hurt by news of record OPEC crude output as Jan OPEC crude production rose +38,000 bpd to a record 33.113 million bpd.
GLOBAL EVENT CALENDAR02/02/2016
US0945 ETJan New York ISM, Dec +1.3 to 62.0.
1300 ETKansas City Fed President Esther George speaks about the U.S. economic outlook and monetary policy to the Central Exchange.
n/aJan total vehicle sales expected 17.30 million, Dec 17.22 million. Jan domestic vehicle sales expected 13.70 million, Dec 13.46 million.
GER0355 ETGerman Jan unemployment change expected -8,000, Dec -14,000. Jan unemployment rate expected unch at 6.3%.
UK0430 ETUK Jan Markit/CIPS construction PMI expected -0.3 to 57.5, Dec 57.8.
1901 ETUK Jan BRC shop price index, Dec -2.0% y/y.
EUR0500 ETEurozone Dec PPI expected -0.6% m/m and -2.8% y/y, Nov -0.2% m/m and -3.2% y/y.
0500 ETEurozone Dec unemployment rate expected unch at 10.5%.
U.S. STOCK CALENDAR02/02/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Archer-Daniels-Midland CoADM USBef-mktQ4 2015 Earnings ReleaseQ4 20150.643
Baxter International IncBAX USBef-mktQ4 2015 Earnings ReleaseQ4 20150.316
Church & Dwight Co IncCHD USBef-mktQ4 2015 Earnings ReleaseQ4 20150.814
Dow Chemical Co/TheDOW USBef-mktQ4 2015 Earnings ReleaseQ4 20150.693
Emerson Electric CoEMR USBef-mktQ1 2016 Earnings ReleaseQ1 20160.503
Pfizer IncPFE USBef-mktQ4 2015 Earnings ReleaseQ4 20150.523
Pitney Bowes IncPBI USBef-mktQ4 2015 Earnings ReleaseQ4 20150.538
Ryder System IncR USBef-mktQ4 2015 Earnings ReleaseQ4 20151.752
Pentair PLCPNR USBef-mktQ4 2015 Earnings ReleaseQ4 20151.039
Royal Caribbean Cruises LtdRCL USBef-mktQ4 2015 Earnings ReleaseQ4 20150.918
Affiliated Managers Group IncAMG USBef-mktQ4 2015 Earnings ReleaseQ4 20153.604
LyondellBasell Industries NVLYB USBef-mktQ4 2015 Earnings ReleaseQ4 20152.117
Michael Kors Holdings LtdKORS USBef-mktQ3 2016 Earnings ReleaseQ3 20161.461
ADT Corp/TheADT USBef-mktQ1 2016 Earnings ReleaseQ1 20160.46
Mallinckrodt PLCMNK US6:00Q1 2016 Earnings ReleaseQ1 20161.779
Harris CorpHRS US6:30Q2 2016 Earnings ReleaseQ2 20161.334
United Parcel Service IncUPS US7:45Q4 2015 Earnings ReleaseQ4 20151.418
Exxon Mobil CorpXOM US8:00Q4 2015 Earnings ReleaseQ4 20150.638
Unum GroupUNM US16:00Q4 2015 Earnings ReleaseQ4 20150.918
Gilead Sciences IncGILD US16:05Q4 2015 Earnings ReleaseQ4 20152.978
Robert Half International IncRHI US16:15Q4 2015 Earnings ReleaseQ4 20150.7
Edwards Lifesciences CorpEW US16:15Q4 2015 Earnings ReleaseQ4 20150.598
Chipotle Mexican Grill IncCMG US16:30Q4 2015 Earnings ReleaseQ4 20151.808
Kimco Realty CorpKIM USAft-mktQ4 2015 Earnings ReleaseQ4 20150.348
Fiserv IncFISV USAft-mktQ4 2015 Earnings ReleaseQ4 20150.998
Equity ResidentialEQR USAft-mktQ4 2015 Earnings ReleaseQ4 20150.919
Yahoo! IncYHOO USAft-mktQ4 2015 Earnings ReleaseQ4 20150.122
CH Robinson Worldwide IncCHRW USAft-mktQ4 2015 Earnings ReleaseQ4 20150.869
Illumina IncILMN USAft-mktQ4 2015 Earnings ReleaseQ4 20150.825
TEGNA IncTGNA USQ4 2015 Earnings ReleaseQ4 20150.457
Wynn Resorts LtdWYNN USQ4 2015 Earnings ReleaseQ4 20150.758