Thursday, February 11, 2016

Realty Income Corp - Chart of the Day

Realty Income Corp (O) is the Barchart Chart of the Day,  The retail REIT has a Trend Spotter by signal, a Weighted Alpha of 27.50+, gained 17.08% in the last year and paid a 4.23% dividend.

The Chart of the Day belongs to Realty Income Corp (O).  I found the retail REIT by using Barchart to sort the All Time High list first for the highest technical buy signals, then I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 11/20 the stock gained 21.04%.

Realty Income Corp is a fully integrated, self-administered and self-managed real estate company with in-house acquisition, leasing, legal, financial underwriting, portfolio management and capital markets expertise.

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
  • 13 new highs and up 15.02% in the last month
  • Relative Strength Index 76.48%
  • Technical support level at 55.90
  • Recently traded at 60.12 with a 50 day moving average of 52.64
Fundamental factors:
  • Market Cap $15.01 billion
  • P/E 20.80
  • Dividend yield 4.23%
  • Revenue expected to grow 9.30% this year and another 7.30% next year
  • Earnings estimated to increase 6.20% this year, an additional 4.00% next year and continue to increase at an annual rate of 4.53% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 10 hold and 1 sell recommendation on the stock
This is not a trading stock and should be held as long as revenue and earnings projections forecast support the dividend. 

Today's 5 Best Mid Caps

As I write this post the Mid Caps although in a downward trend like the rest of the indexes are not the worst index on the block.  When I look at how many stocks are trading above their daily moving averages the S&P 400 Mid Cap Index is just slightly less worse than the rest.

S&P 400 Mid Cap stocks trading above their DMAs:

  • 26.75% above 20 DMA
  • 15.75% above 50 DMA 
  • 16.00% above 100 DMA
Stocks trading above their DMAs from the 10,000+ in the Barchart database:
  • 19.93% above 20 DMA
  • 12.90% above 50 DMA
  • 12.77% above 100 DMA
The following chart plots the percentage loss of some of the major indexes over the last year:
  1. Value Line Arithmetic Index down 18.37%
  2. Dow Industrial Index down 10.94
  3. S&P 400 Mid Cap Index down 15.39
  4. Russell 3000 Index down 12.39

 Today I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the highest technical buy signals, then I used the Flipchart feature to review the charts.

Today's list includes National Retail Proprieties (NNN), Idacorp (IDA), Dean Foods (DF),  Black Hills (BKH) and Westar Energy (WR).



Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 15.38% in the last month
  • Relative Strength Index 73.75%
  • Technical support level at 43.43
  • Recently traded at 45.65 with a 50 day moving average of 40.47
Idacorp (IDA)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 3.25% in the last month
  • Relative Strength Index 60.45%
  • Technical support level at 68.97%
  • Recently traded at 70.13 with a 50 day moving average of 68.13


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 13.88% in the last month
  • Relative Strength Index 61.96%
  • Technical support level at 19.15
  • Recently traded at 19.87 with a 50 day moving average of 18.23


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 10.74% in the last month 
  • Relative Strength Index 67.87%
  • Technical support level at 50.77%
  • Recently traded at 52.25 with a 50 day moving average of 46.27


Barchart technical indicators:
  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 6.91% in the last month
  • Relative Strength Index 62.81%
  • Technical support level at 44.08%
  • Recently traded at 45.28 with a 50 day moving average of 42.46











MORNING CALL 2/11

MORNING CALL
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 -1.69%) are down sharply by -2.11% at a 3-week low and European stocks are down -3.44% at a 2-1/2 year low after Wednesday's testimony to Congress by Fed Chair Yellen failed to boost confidence in the markets. Crude oil prices (CLH16 -2.95%) are down -4.04% at a 3-week low and copper (HGH16 -0.57%) is down -0.67% at a 2-week low, which has pushed energy producers, miners, and raw-material companies lower with Exxon Mobile sliding more than 5% in pre-market trading. The plunge in global equities has fueled a massive rush into the safe-haven of government bonds as the 10-year UK gilt yield fell to a record low of 1.296%, the 10-year German bund yield declined to a 9-1/2 month low of 0.158% and the 10-year T-note yield dropped to a 2-3/4 year low of 1.62%. The global market turmoil has also pushed global investors into the safe-haven of gold with Apr gold (GCJ16 +3.37%) up +3.93% at an 8-1/2 month high. Asian stocks settled mostly lower: Japan, China and Taiwan closed for holiday. Hong Kong -3.85%, Australia +0.95%, Singapore -1.70%, South Korea -2.83%, India -3.40%.
The dollar index (DXY00 -0.25%) is down -0.40% at a 3-1/2 month low. EUR/USD (^EURUSD) is up +0.41% at a 3-1/2 month high. USD/JPY (^USDJPY) is down -1.83% at a 15-month low.
Mar T-note prices (ZNH16 +0.75%) are up +1-3.5/32 points at a 2-3/4 year nearest-futures high.

U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected -5,000 to 280,000, previous +8,000 to 285,000) and continuing claims (expected -10,000 to 2.245 million, previous -18,000 to 2.255 million), (2) Fed Chair Janet Yellen's testimony before the Senate Banking Committee to deliver the Fed’s semi-annual monetary policy report to Congress, and (3) the Treasury's auction of $15 billion of 30-year T-bonds.
There are 20 of the S&P 500 companies that report earnings today with notable reports including: Coca-Cola Enterprises (Consensus $0.51), PepsiCo (1.06), Kellogg (0.75), BorgWarner (0.72), AIG (-0.91), CBS (0.92), TripAdvisor (0.33), Wynn Resorts (0.76).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week include: Goldman Sachs Technology and Internet Conference on Tue-Thu, Bank Of America Merrill Lynch Insurance Conference on Wed-Thu, BB&T Capital Markets Transportation Services Conference on Wed-Thu, Leerink Partners Global Health Care Conference on Wed-Thu, Morgan Stanley Chemicals Corporate Access Day on Thu.



OVERNIGHT U.S. STOCK MOVERS
Exxon Mobil (XOM -0.91%) slumped over 5% in pre-market trading as the price of oil tumbled to a 3-week low.
Twitter (TWTR +4.03%) declined over 8% in pre-market trading after it lowered guidance on Q1 revenue to $595 million-$610 million, below consensus of $627.6 million.
Cisco Systems (CSCO -0.62%) gained 6% in pre-market trading after it reported Q2 adjusted EPS of 57 cents, better than consensus of 54 cents, and then added $15 billion to the company's share buyback program.
Amazon.com (AMZN +1.74%) climbed over 2% in after-hours trading after its board authorized a $5 billion share buyback program
Tesla Motors (TSLA -3.09%) rose nearly 8% in pre-market trading after it reported an unexpected Q4 adjusted EPS loss of -87 cents, well below consensus of a 10 cent profit, but then said it expects its global automobile deliveries to climb as much as 78% this year.
O'Reilly Automotive (ORLY +0.17%) rose over 5% in after-hours trading after it reported Q4 adjusted EPS of $2.19, higher than consensus of $2.08, and then raised guidance on Q1 EPS to $2.41-$2.51, above consensus of $2.38.
Whole Foods Market (WFM -0.65%) jumped nearly 6% in after-hours trading after it reported Q1 EPS of 46 cents, higher than consensus of 40 cents, and then raised guidance on fiscal 2016 EPS to $1.53 or greater, up from a November 4 estimate of $1.50.
Prudential Financial (PRU +0.74%) reported Q4 operating EPS of $1.94, below consensus of $2.30, although Q4 total revenue of $13.2 billion was better than consensus of $11.6 billion.
Pilgrim's Pride (PPC +1.54%) plunged 15% in after-hours trading after it reported Q4 adjusted EPS of 26 cents, much weaker than consensus of 40 cents.
Expedia (EXPE +1.85%) jumped 12% in pre-market trading after it said it sees 2016 adjusted Ebitda growth of 35%-45%. The stock recovered from overnight losses of as much as 7% after it reported Q4 adjusted EPS of 77 cents, well below consensus of 96 cents.
Mylan (MYL -0.39%) tumbled over 8% in pre-market trading after it reported Q4 adjusted EPS of $1.22, weaker than consensus of $1.28.
Skechers (SKX +1.08%) slid over 6% in after-hours trading after it reported Q4 EPS of 19 cents, below consensus of 20 cents.
iRobot (IRBT -3.25%) dropped over 7% in after-hours trading after it lowered guidance on fiscal 2016 EPS to $1.20-$1.40, well below consensus of $1.96.
Zynga (ZNGA +4.93%) tumbled over 10% in after-hours trading after it lowered guidance on Q1 revenue to $160 million-$175 million, below consensus of $184.3 million.

MARKET COMMENTS
Mar E-mini S&Ps (ESH16 -1.69%) this morning are down sharply by -39.00 points (-2.11%) at a 3-week low. Wednesday's closes: S&P 500 -0.02%, Dow Jones -0.62%, Nasdaq +0.47%. The S&P 500 on Wednesday closed little changed. Stocks were boosted by carryover support from a rally in European stocks as concerns over European bank creditworthiness eased after Deutsche Bank AG jumped over 10% when it said it may buy back some of its debt. Stocks also received support from Fed Chair Yellen's comment that the Fed expects the economy to warrant only gradual interest rate increases and that job and wage gains should support incomes and spending. Stocks were undercut by renewed weakness in energy and raw-material producer stocks when the price of crude fell to a 3-week low and the price of copper slid to a 2-week low.
Mar 10-year T-notes (ZNH16 +0.75%) this morning are up +1-3.5/32 points at a 2-3/4 year nearest-futures high. Wednesday's closes: TYH6 +6.00, FVH6 +2.00. Mar T-notes on Wednesday rallied to a new contract high and closed higher on Fed Chair Yellen's comment that the Fed expects the economy to warrant only gradual rate rises. T-notes were also boosted by strong foreign demand for the Treasury's $23 billion 10-year T-note auction where indirect bidders, a proxy for foreign buying, bought 62.3% of the total auction, higher than the 12-auction average of 60.5%.
The dollar index (DXY00 -0.25%) this morning is down -0.386 (-0.40%) at a 3-1/2 month low. EUR/USD (^EURUSD) is up +0.0046 (+0.41%) at a 3-1/2 month high. USD/JPY (^USDJPY) is down -2.07 (-1.83%) at a 15-month low. Wednesday's closes: Dollar Index -0.183 (-0.19%), EUR/USD -0.001(-0.01%), USD/JPY -1.76 (-1.53%). The dollar index on Wednesday closed lower as Fed Chair Yellen said that the Fed expects the economy to warrant only gradual interest rate increases. USD/JPY plunged to a 1-1/4 year low as the yen continued to see safe-haven demand.
Mar crude (CLH16 -2.95%) this morning is down -$1.11 a barrel (-4.04%) at a 3-weeklow and Mar gasoline (RBH16 +0.51%) is up +0.0029 (+0.31%). Wednesday's closes: CLH6 -0.49 (-1.75%), RBH6 +0.0436 (+4.85%). Mar crude oil and gasoline on Wednesday settled mixed with Mar crude at a 3-week nearest-futures low. Crude oil prices were undercut by the +1.26 million bbl increase in EIA gasoline inventories to a record high 255.6 million bbl (more than expectations of +1.0 million bbl) and by the +523,000 bbl increase in crude supplies at Cushing, OK, delivery point of WTI futures, to a record high 64.7 million bbl. Crude oil prices were boosted by a weaker dollar and by the unexpected -754,000 bbl decline in weekly EIA crude oil inventories, less than expectations for a +3.2 million bbl increase.
GLOBAL EVENT CALENDAR02/11/2016
US0830 ETWeekly initial unemployment claims expected -5,000 to 280,000, previous +8,000 to 285,000. Weekly continuing claims expected -10,000 to 2.245 million, previous -18,000 to 2.255 million.
0830 ETUSDA weekly Export Sales.
1000 ETFed Chair Janet Yellen appears before the Senate Banking Committee to deliver the Feds semi-annual monetary policy report to Congress.
1100 ETTreasury announces amount of 30-TIPS to be auctioned Feb 18.
1300 ETTreasury auctions $15 billion 30-year T-bonds.
JPNn/aJapanese markets closed for National Foundation Day.
U.S. STOCK CALENDAR02/11/2016

CompanyTickerTimeEvent DescriptionPeriodEstimate
Coca-Cola Enterprises IncCCE USBef-mktQ4 2015 Earnings ReleaseQ4 20150.506
Advance Auto Parts IncAAP USBef-mktQ4 2015 Earnings ReleaseQ4 20151.203
Reynolds American IncRAI USBef-mktQ4 2015 Earnings ReleaseQ4 20150.504
TripAdvisor IncTRIP USBef-mktQ4 2015 Earnings ReleaseQ4 20150.328
Allegion PLCALLE USBef-mktQ4 2015 Earnings ReleaseQ4 20150.735
Nielsen Holdings PLCNLSN USBef-mktQ4 2015 Earnings ReleaseQ4 20150.798
PepsiCo IncPEP US6:30Q4 2015 Earnings ReleaseQ4 20151.06
Molson Coors Brewing CoTAP US6:45Q4 2015 Earnings ReleaseQ4 20150.512
Mosaic Co/TheMOS US7:00Q4 2015 Earnings ReleaseQ4 20150.442
FLIR Systems IncFLIR US7:30Q4 2015 Earnings ReleaseQ4 20150.492
WW Grainger IncGWW US8:00January 2016 Sales and Revenue Call2016
Kellogg CoK US8:00Q4 2015 Earnings ReleaseQ4 20150.746
PepsiCo IncPEP US8:00Q4 2015 Earnings CallQ4 2015
BorgWarner IncBWA US8:00Q4 2015 Earnings ReleaseQ4 20150.718
TripAdvisor IncTRIP US8:00Q4 2015 Earnings CallQ4 2015
Nielsen Holdings PLCNLSN US8:00Q4 2015 Earnings CallQ4 2015
Equifax IncEFX US8:30Q4 2015 Earnings CallQ4 2015
Advance Auto Parts IncAAP US8:30Q4 2015 Earnings CallQ4 2015
Allegion PLCALLE US8:30Q4 2015 Earnings CallQ4 2015
Emerson Electric CoEMR US9:00Investor MeetingY 2016
FMC CorpFMC US9:00Q4 2015 Earnings CallQ4 2015
Reynolds American IncRAI US9:00Q4 2015 Earnings CallQ4 2015
Mosaic Co/TheMOS US9:00Q4 2015 Earnings CallQ4 2015
Kellogg CoK US9:30Q4 2015 Earnings CallQ4 2015
BorgWarner IncBWA US9:30Q4 2015 Earnings CallQ4 2015
Coca-Cola Enterprises IncCCE US10:00Q4 2015 Earnings CallQ4 2015
International Flavors & Fragrances IncIFF US10:00Q4 2015 Earnings CallQ4 2015
Pioneer Natural Resources CoPXD US10:00Q4 2015 Earnings CallQ4 2015
Molson Coors Brewing CoTAP US11:00Q4 2015 Earnings CallQ4 2015
O'Reilly Automotive IncORLY US11:00Q4 2015 Earnings CallQ4 2015
FLIR Systems IncFLIR US11:00Q4 2015 Earnings CallQ4 2015
Prudential Financial IncPRU US11:00Q4 2015 Earnings CallQ4 2015
Molson Coors Brewing CoTAP US13:00Q4 2015 Earnings Call - Follow-Up SessionC4 2015
QUALCOMM IncQCOM US13:00Analyst DayY 2016
Realty Income CorpO US14:30Q4 2015 Earnings CallQ4 2015
VeriSign IncVRSN US16:05Q4 2015 Earnings ReleaseQ4 20150.781
Activision Blizzard IncATVI US16:30Q4 2015 Earnings CallQ4 2015
CBS CorpCBS US16:30Q4 2015 Earnings CallQ4 2015
VeriSign IncVRSN US16:30Q4 2015 Earnings CallQ4 2015
Wynn Resorts LtdWYNN US16:30Q4 2015 Earnings CallQ4 2015
DaVita HealthCare Partners IncDVA US17:00Q4 2015 Earnings CallQ4 2015
Republic Services IncRSG US17:00Q4 2015 Earnings CallQ4 2015
American International Group IncAIG USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.906
Activision Blizzard IncATVI USAft-mktQ4 2015 Earnings ReleaseQ4 20150.857
CBS CorpCBS USAft-mktQ4 2015 Earnings ReleaseQ4 20150.921
DaVita HealthCare Partners IncDVA USAft-mktQ4 2015 Earnings ReleaseQ4 20150.966
Republic Services IncRSG USAft-mktQ4 2015 Earnings ReleaseQ4 20150.493
Dun & Bradstreet Corp/TheDNB USAft-mktQ4 2015 Earnings ReleaseQ4 20152.831
Wynn Resorts LtdWYNN USAft-mktQ4 2015 Earnings ReleaseQ4 20150.758
Varian Medical Systems IncVAR US19:30Annual General MeetingY 2016
WW Grainger IncGWW USJanuary 2016 Sales and Revenue Release2016
Varian Medical Systems IncVAR USAnnual General Meeting

Wednesday, February 10, 2016

Unitil - Chart of the Day

Unitil (UTL) is the Barchart Chart of the Day.  The utility holding company has a Trend Spotter buy signal, a Weighted Alpha of 20.00+, Gained 10.52% in the last year and paid a 3.50% dividend.

The Chart of the Day belongs to Unitil (UTL).  I found the utility holding stock by using Barchart to sort the All Time High list first for the highest technical buy signals, then I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/23 the sock gained 10.64%

Unitil Corporation is a registered public utility holding company and the parent company of the Unitil System.


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% Technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 10.79% in the last month
  • Relative Strength Index 68.68%
  • Technical support level at 38.99
  • Recently traded at 39.83 with a 50 day moving average of 37.70
Fundamental factors:
  • Market Cap $556.82 million
  • P/E 21.14
  • Dividend Yield 3.50%
  • Revenue expected to grow 6.20% this year and another 4.90% next year
  • Earnings estimated to increase 1.60% this year, an additional 6.30% next year and continue to compound at an annual rate of 4.48% for the next 5 years
  • Wall Street analysts issued 2 holds
On a trading stock so hold and long as revenue and earnings support the dividend.

Today's 5 Best Large Caps

I know today is an up day so far but don't jump in too soon.  There is still plenty of time to get back in.  As I write this post the majority of the 10,000+ stocks in the Barchart database are still below their 20, 50 and 100 day moving averages:

  • 37.34% above their 20 DMA
  • 18.97% above their 50 DMA
  • 17.20% above their 100 DMA
This morning there is a flight to the safety of large cap defensive stocks.  I used Barchart to sort the S&P 500 Large Cap Index stocks first for the highest technical buy signals, then I used the Flipchart feature to review the charts.

Today's list includes Tyson Foods (TNS), Kimberly-Clark (KMB), Hormel Foods (HRL), Campbell Soup (CPB) and Sysco (SYY).


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 18.55% in the last month
  • Relative Strength Index 76.79%
  • Technical support level at 59.03
  • Recently traded at 61.94 with a 50 day moving average of 53.09


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 5.35% in the last month
  • Relative Strength Index 62.98%
  • Technical support level at 126.10
  • Recently traded at 131.57 with a 50 day moving average of 125.54


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 6.90% in the last month
  • Relative Strength Index 65.03%
  • Technical support level at 39.91
  • Recently traded at 41.96 with a 50 day moving average of 39.24


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 13.58% in the last month
  • Relative Strength Index 70.93%
  • Technical support level at 55.18
  • Recently traded at 58.01 with a 50 day moving average of 53.78
Sysco (SYY)

Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 8.62% in the last month
  • Relative Strength Index 65.88%
  • Technical support level at 42.18
  • Recently traded at 43.19 with a 50 day moving average of 40.97






MORNING CALL 2/10

MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 +1.01%) are up +1.03% and European stocks are up +2.67% as crude oil (CLH16 +2.18%) rallied +1.65% and bank stocks climbed. Bank of America, Citigroup and Morgan Stanley were all up at least 1.5% in pre-market trading ahead of Fed Chair Yellen's testimony on the economy to the House Financial Services Committee later this morning. Technology stocks are also higher, as Amazon.com, Facebook and Netflix were all up at least 2% in pre-market trading. European bank stocks also rallied to lead European stocks higher with Commerzbank AG up over 8% and Deutsche Bank AG surged 13% on reports that Germany's biggest bank was considering a share buyback, which eased concern about its funds. Asian stocks settled lower: Japan -2.31%, Australia -1.17%, Singapore -1.57%, India -1.09%. Hong Kong, China, Taiwan and South Korea were all closed for holiday. Japan's Nikkei Stock Index tumbled to a 1-1/4 year low as strength in the yen undercut exporter stocks along with concern that margin calls were generating forced selling of stocks.
The dollar index (DXY00 +0.06%) is up +0.07%. EUR/USD (^EURUSD) is down -0.34%. USD/JPY (^USDJPY) is down -0.11%.
Mar T-note prices (ZNH16 -0.18%) are down -7.5 ticks.
UK Dec industrial production fell -1.1% m/m, weaker than expectations of -0.1% m/m and the largest monthly decline in 3-1/4 years. Dec manufacturing production unexpectedly fell -0.2% m/m, weaker than expectations of +0.1% m/m and the third consecutive decline.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -2.6% with purchase sub-index -7.0% and refi sub-index +0.3%), (2) Fed Chair Janet Yellen's testimony before the House Financial Services Committee to deliver the Fed’s semi-annual monetary policy report to Congress, (3) the Treasury's auction of $23 billion of 10-year T-notes, and (4) Jan monthly budget statement (expected +$10.1 billion, Dec -$14.444 billion).
There are 19 of the S&P 500 companies that report earnings today with notable reports including: Cisco (consensus $0.54), Time Warner (1.00), Humana (1.45), Whole Foods (0.40), Expedia (1.00), Prudential Financial (2.30).
U.S. IPO's scheduled to price today: Avexis (AVXS), Proteostasis Therapeutics (PTI), Advanced Disposal Services (ADSW).
Equity conferences during the remainder of this week include: Credit Suisse Financial Services Forum on Tue-Wed, Stifel Nicolaus Transportation and Logistics Conference on Tue-Wed, Goldman Sachs Technology and Internet Conference on Tue-Thu, Bank Of America Merrill Lynch Insurance Conference on Wed-Thu, BB&T Capital Markets Transportation Services Conference on Wed-Thu, Leerink Partners Global Health Care Conference on Wed-Thu, Morgan Stanley Chemicals Corporate Access Day on Thu.



OVERNIGHT U.S. STOCK MOVERS
Time Warner (TWX -6.08%) reported Q4 EPS of $1.06, higher than consensus of $1.00.
Dean Foods (DF +0.26%) was upgraded to 'Buy' from 'Hold' at BB&T with a price target of $22.
Hess Corp. (HES -0.74%) was upgraded to 'Conviction Buy' from 'Hold' at Goldman Sachs.
Disney (DIS +0.22%) fell over 3% in pre-market trading after it reported Q1 adjusted EPS of $1.63, above consensus of $1.45, but reported a -6% decline in networks operating income for Q1, driven by a decline in subscribers from ESPN and lower advertising revenue from A&E.
Akamai (AKAM -3.44%) surged over 12% in after-hours trading after it reported Q4 adjusted EPS of 72 cents, higher than consensus of 62 cents, and then said its board authorized a new $1 billion share buyback plan.
Seattle Genetics (SGEN -1.06%) slid over 4% in after-hours trading after it lowered guidance on 2016 Adcetris sales to $255 million-$275 million, below consensus of $291.3 million.
Nuance Communications (NUAN -1.40%) rose nearly 7% in after-hours trading after it reported Q1 adjusted EPS of 36 cents, higher than consensus of 33 cents.
Paycom Software (PAYC -7.18%) jumped over 10% in after-hours trading after it reported Q4 adjusted EPS of 10 cents, higher than consensus of 8 cents, and then raised guidance on Q1 revenue to $82 million-$84 million, above consensus of $74.6 million.
Computer Sciences (CSC +0.33%) reported Q3 adjusted EPS continuing operations of 71 cents, better than consensus of 68 cents.
SolarCity (SCTY -5.69%) slumped 30% in after-hours trading after it lowered guidance on Q1 adjusted EPS to a loss of -$2.55 to -$2.65, a much wider loss than expectations of -$2.06.
Berkshire Partners reported a 10.4% stake in Mattress Firm (MFRM -4.08%) .
Empire District Electric (EDE +0.57%) jumped nearly 15% in after-hours trading after Algonquin Power & Utilities acquired the company for $2.4 billion.
Standard & Poor's cut the credit rating of Chesapeake Energy (CHK -4.41%) by one level to ccc, saying its debt is "unsustainable."
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 +1.01%) this morning are up +19.00 points (+1.03%). Tuesday's closes: S&P 500 -.07%, Dow Jones -0.08%, Nasdaq -0.32%. The S&P 500 on Tuesday closed lower on negative carryover from a fall in European stocks to a 2-1/3 year low, a sell-off in bank stocks on concern the recent plunge in crude prices will force some oil producers and oil service companies into default, and concern that the global economic slowdown may deepen after German Dec industrial production unexpectedly fell -1.2% m/m, the biggest decline in 16 months. Losses were limited after the U.S. Dec JOLTS job openings unexpectedly rose +261,000 to 5.607 million, stronger than expectations of -18,000 to 5.413 million and the most in 5 months.
Mar 10-year T-notes (ZNH16 -0.18%) this morning are down -7.5 ticks. Tuesday's closes: TYH6 +0.50, FVH6 -0.75. Mar T-notes on Tuesday posted a new contract high but fell back and closed little changed. T-notes found support from increased safe-haven demand for T-notes as stocks prices declined and from reduced inflation expectations as the 10-year breakeven inflation expectations rate fell to a 6-3/4 year low. T-notes fell back from their best levels after the U.S. Dec JOLTS job openings unexpectedly rose to the highest in 5 months, a sign of labor market strength.
The dollar index (DXY00 +0.06%) this morning is up +0.069 (+0.07%). EUR/USD (^EURUSD) is down -0.0038 (-0.34%). USD/JPY (^USDJPY) is down-0.13 (-0.11%). Tuesday's closes: Dollar Index -0.499 (-0.52%), EUR/USD +0.010 (+0.89), USD/JPY -0.74 (-0.64%). The dollar index on Tuesday sold off to a 3-1/2 month low and closed lower on weakness in USD/JPY which plunged to a 14-3/4 month low a fall in global stocks fueled safe-haven buying of the yen, and on speculation that the slide in global equity markets will keep the Fed from additional interest rate increases.
Mar crude (CLH16 +2.18%) this morning is up +46 cents (+1.65%) and Mar gasoline (RBH16 +2.57%) is up +0.0186 (+2.07%). Tuesday's closes: CLH6-1.75 (-5.89%), RBH6 -0.0486 (-5.08%). Mar crude oil and gasoline on Tuesday closed sharply lower with Mar crude at a 2-week low and Mar gasoline at a 7-year low. Crude oil prices were undercut by the IEA's cut in its 2016 global crude oil demand forecast to 95.6 million bpd from last month's forecast of 95.7 million bpd, and by expectations for Wednesday's weekly EIA crude inventories to increase by +3.2 million bbl. Energy prices recovered from their worst levels after the dollar index slid to a 3-1/2 month low.
GLOBAL EVENT CALENDAR02/10/2016
US0700 ETWeekly MBA mortgage applications, previous -2.6% with purchase sub-index -7.0% and refi sub-index +0.3%.
1000 ETFed Chair Janet Yellen appears before the House Financial Services Committee to deliver the Feds semi-annual monetary policy report to Congress.
1030 ETEIA Weekly Petroleum Status Report.
1300 ETTreasury auctions $23 billion 10-year T-notes.
1400 ETJan monthly budget statement expected +$42.5 billion, Dec -$14.444 billion.
UK0430 ETUK Dec industrial production expected -0.1% m/m and +1.0% y/y, Nov -0.7% m/m and +0.9% y/y.
0430 ETUK Dec manufacturing production expected +0.1% m/m and -1.4% y/y, Nov -0.4% m/m and -1.2% y/y.
1901 ETUK Jan RICS house price balance expected 52%, Dec 50%.
U.S. STOCK CALENDAR02/10/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Time Warner IncTWX USBef-mktQ4 2015 Earnings ReleaseQ4 20151.003
Henry Schein IncHSIC USBef-mktQ4 2015 Earnings ReleaseQ4 20151.644
DTE Energy CoDTE USBef-mktQ4 2015 Earnings ReleaseQ4 20151
Humana IncHUM US7:30Q4 2015 Earnings ReleaseQ4 20151.453
Sealed Air CorpSEE US7:30Q4 2015 Earnings ReleaseQ4 20150.5
Assurant IncAIZ US8:00Q4 2015 Earnings CallQ4 2015
DTE Energy CoDTE US9:00Q4 2015 Earnings CallQ4 2015
Willis Towers Watson PLCWLTW US9:00Q4 2015 Earnings CallQ4 2015
Henry Schein IncHSIC US10:00Q4 2015 Earnings CallQ4 2015
Sealed Air CorpSEE US10:00Q4 2015 Earnings CallQ4 2015
Time Warner IncTWX US10:30Q4 2015 Earnings CallQ4 2015
Federal Realty Investment TrustFRT US11:00Q4 2015 Earnings CallQ4 2015
Emerson Electric CoEMR US15:00Investor Conference - Day 1Y 2016
Mylan NVMYL US16:30Q4 2015 Earnings CallQ4 2015
Cisco Systems IncCSCO US16:30Q2 2016 Earnings CallQ2 2016
O'Reilly Automotive IncORLY US16:30Q4 2015 Earnings ReleaseQ4 20152.082
Expedia IncEXPE US16:30Q4 2015 Earnings CallQ4 2015
CenturyLink IncCTL US17:00Q4 2015 Earnings CallQ4 2015
Whole Foods Market IncWFM US17:00Q1 2016 Earnings CallQ1 2016
CSRA IncCSRA US17:00Q3 2016 Earnings CallQ3 2016
CenturyLink IncCTL USAft-mktQ4 2015 Earnings ReleaseQ4 20150.65
Equifax IncEFX USAft-mktQ4 2015 Earnings ReleaseQ4 20151.113
FMC CorpFMC USAft-mktQ4 2015 Earnings ReleaseQ4 20150.635
International Flavors & Fragrances IncIFF USAft-mktQ4 2015 Earnings ReleaseQ4 20151.147
Mylan NVMYL USAft-mktQ4 2015 Earnings ReleaseQ4 20151.277
Cisco Systems IncCSCO USAft-mktQ2 2016 Earnings ReleaseQ2 20160.538
Whole Foods Market IncWFM USAft-mktQ1 2016 Earnings ReleaseQ1 20160.399
Prudential Financial IncPRU USAft-mktQ4 2015 Earnings ReleaseQ4 20152.297
Realty Income CorpO USAft-mktQ4 2015 Earnings ReleaseQ4 20150.691
Pioneer Natural Resources CoPXD USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.335
Expedia IncEXPE USAft-mktQ4 2015 Earnings ReleaseQ4 20151.004
CSRA IncCSRA USAft-mktQ2 2016 Earnings ReleaseQ2 20160.54
AGL Resources IncGAS USQ4 2015 Earnings ReleaseQ4 20150.67

Central European Media Enterprises - Sell Signals

Today I deleted Central European Media Enterprises (CETV) for the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:
  • 32% technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 21.81% off its recent high
  • Relative Strength Index 44.58%
  • Recently traded at 2.39 which is below its 50 day moving average of 2.47


Service Master Sell Signals

Today I deleted Service Master (SERV) from the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:
  • 48% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 15.35% below its recent high
  • Relative Strength Index 36.09%
  • Recently traded at 36.13 which is below its 50 day moving average of 38.71


Tuesday, February 9, 2016

Kimberly-Clark - Chart of the day

Kimberly-Clark (KMB) is the Barchart Chart of the Day.  The consumer products company has a Trend Spotter by signal, a Weighted Alpha of 22.60+, gained 20.95% in the last year and paid a 2.73% dividend.

The Chart of the Day belongs to Kimberly-Clark (KMB).  I found the consumer products stock by using Barchart to sort the Russell 3000 Index stocks for the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/29 the stock gained 1.56%.

Kimberly-Clark Corporation is one of the leading consumer products companies. Its global tissue, personal care and health care brands include Huggies, Pull-Ups, Kotex, Depend, Kleenex, Scott, Kimberly-Clark, Safeskin, Tecnol, Kimwipes and Wypall. Other brands well known outside the U.S. include Andrex, Scottex, Page, Popee and Kimbies. Kimberly-Clark also is a major producer of premium business, correspondence and technical papers. 


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 ts 20, 50 and 100 day moving averages
  • 8 new highs and up 4.52% in the last month
  • Relative Strength Index 60.81%
  • Technical support level at 125.55
  • Recently traded at 130.79 with a 50 day moving average of 125.32
Fundamental factors:
  • Market Cap $47.20 billion
  • P/E 2242
  • Dividend yield 2.73%
  • Revenue expected to be down 1.50% this year but grow again next year by 3.80%
  • Earnings estimated to increase 6.30% this year, an additional 8.30% next year and continue to compound at an annual rate of 8.10% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 50 buy and 9 hold recommendations on the stock
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

The Top 2 NASDAQ 100 Stocks

Why only 2 stocks instead of the Top 5?  Because the market stinks!.  For me to feature a stock it must meet a minimum hurdle.  The stock must have technical buy signals of 80% or more, be trading above its 20, 50 and 100 Day Moving Averages and have a positive 50-100 Day MACD Oscillator.  Only 2 NASDAQ 100 stocks make the grade.

How bad is the market?  As I'm writing this post the majority of the 10,000+ stock in the Barchart database are trading below their 20, 50 and 100 DMAs.  Those trading above are:

  • 29.19% above their 20 DMA
  • 15.55% above their 50 DMA
  • 14.74% above their 100 DMA
That's pretty bad. Agreed?

Ok, the 2 stocks making the grade are Mattel (MAT) and Fastenal (FAST).

Mattel (MAT)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 17.45% in the last month
  • Relative Strength Index 70.55%
  • Technical support level at 30.87
  • Recently traded at 31.55 with a 50 day moving average of 27.04
Fastenal (FAST)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 12.09% in the last month
  • Relative Strength Index 66.02%
  • Technical support level at 41.76
  • Recently traded at 44.03 with a 50 day moving average of 39.89