Saturday, June 18, 2016

Terreno Realty - Chart of the Day

Terreno Realty (TRNO) is the Barchart Chart of the Day.  The REIT has a Trend Spotter buy signal, a Weighted Alpha of 25.00 +, gained 22.78% in the last year and paid a 2.84% dividend.

The Chart of the Day belongs to Terreno Realty (TRNO).  I found the REIT by using Barchart to sort today's All Time High list first for the most frequent number of new highgs in the last month, then again for technical buy signals of 80% or more.

Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company's main focus is on markets in Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties.



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
  • 16 new highs and up 9.48% in the last month
  • Relative Strength Index 70.41%
  • Technical support level at 24.66
  • Recently traded at 25.17 with a 50 day moving average of 23.51
Fundamental factors:
  • Market Cap $1.09 billion
  • P/E 27.55
  • Dividend yield 2.84%
  • Revenue expected to be down 4.70% this year but up again by 16.50% next year
  • Earnings estimated to increase 20.2% this year, an additional 13.90% next year and continue to compound at an annual rate of 10.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 5 buy and 5 hold recommendations on the stock

Friday, June 17, 2016

Middlesex Water Chart of the Day

Middlesex Water (MSEX) is the Barchart Chart of the Day.  The water distribution compnay has a TRend Spotter buy signal, a Weighted Alpha of 92.90+, gained 86.07% in the last year and paid a 2.01% dividend.


The Chart of the Day belongs to Middlesex Water (MSEX),  I found the water distribution stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better,  Next I used the Flipchart feature to review the charts.

Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes.

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
  • 14 new highs and up 9.67% in the last month
  • Relative Strength Index 68.49%
  • Technical support level at 38.91
  • Recently traded at 40.62 with a 50 day moving average of 36.74
Fundamental factors:
  • Market Cap $659.67 million
  • P/E 30.73
  • Dividend yield 2.01%
  • Revenue expected to grow 1.60% this year and another 2.30% next year
  • Earnings estimated to increase at an annual rate of 2.70% for the next 5 years
  • Wall Street is not following this stock yet but the contributors on Motley Fool voted 62 to 8 that he stock will beat the market







MORNING CALL 6/17

MORNING CALL


Thursday, June 16, 2016

Allete - Chart of the Day

Allete (ale) is the Barchart Chart of the Day.  The electric utility has a Trend Spotter buy signal, a Weighted Alpha of 27.20+, gained 26.63% in the last year and paid a 3.39% dividend.

The Chart of the Day belongs to Allette (ALE).  I found the electric utility stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the charts for consistency.

Allete is an energy company. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, Allete owns Allete Clean Energy, based in Duluth, U.S. Water Services headquartered in St. Michael, Minn., BNI Energy in Center, N.D., and has an eight percent equity interest in the American Transmission Co.


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
  • 13 new highs and up 6.38% in the last month
  • Relative Strength Index 66.54%
  • Technical support level at 59.85
  • Recently traded at 60.54 with a 50 day moving average of 56.87
Fundamental factors:
  • Market Cap $2.98 billion
  • P/E 20.40+
  • Dividend yield 3.39%
  • Revenue expected to be down 8.90% this year but up again by 1.50% next year
  • Earnings estimated to increase 4.20% this year, an additional 10.00% next year and continue to compound annually at the rate of 3.00% for the next 5 years
  • Wall STreet analysts issued 1 strong buy, 2 buy, 2 hold and 1 under perform recommendation on the stock

MORNING CALL 6/16

MORNING CALL


Tuesday, June 14, 2016

California Water Service Group - Chart of the Day

California Water Service Group (CWT) is the Barchart Chart of the Day.  The water utility company has a Trend Spotter buy signal, a Weighted Alpha of 51.60+, gained 35.50% in the last year and paid a 2.16% dividend.

The Chart of the Day belongs to California Water Services Group (CWT).  I found the water utility stock by using Barchart to sort today's All Time High list first for the highest number of new highs in the last month, then again for technical buy signals of 80% or more. Next I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 5/24 the stock gained 12.51%.

California Water Service Company's business, which is carried on through its operating subsidiaries, consists of the production, purchase, storage, purification, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It also provides water related services under agreements with municipalities and other private companies. The nonregulated services include full water system operation, and billing and meter reading services.

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 12.59%
  • Relative Strength Index 80.61
  • Technical support level at 31.46
  • Recently traded at 32.29 with a 50 day moving average of 28.57
Fundamental factors:
  • Market Cap $1.55 billion
  • P/E 35.85
  • Dividend yield 2.16%
  • Revenue expected to grow 2.40% this year and another 11.00% next year
  • Earnings estimated to increase 10.60% this year, an additional 13.70% next year and continue to compound at an annual rate of 9.05% for the next 5 years
  • Wall Street analysts issued 5 hold recommendations on the stock 


5 Large Caps Bucking the Trend

The S&P 500 has been on a down trend for the last 4 days so I wanted to find the stocks that were holding up well.  I used Barchart to sort the S&P 500 Large Cap Index stocks to find the ones with the highest technical buy signals.  Today's Watch List includes:

Dentsply Sirona (XRAY), XCEL Energy (XEL), Wisconsin Energy (WEC), Ventas (VTR), and AT&T (T)

Dentsply Sirona (XRAY)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 4.71% in the last month
  • Relative Strength Index 60.15%
  • Technical support level at 63.20
  • Recently traded at 64.03 with a 50 day moving average of 61.34


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 2.18% in the last month
  • Relative Strength Index 65.21%
  • Technical support level at 42.39
  • Recently traded at 42.67 with a 50 day moving average of 40.92


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 4.87% in the last month
  • Relative Strength Index 70.35%
  • Technical support level at 62.05
  • Recently traded at 62.92 with a 50 day moving average of 59.33
Ventas (VTR)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 3.64% in the last month
  • Relative Strength Index 70.24%
  • Technical support level at 68.41
  • Recently traded at 68.90 with a 50 day moving average of 64.92
AT&T (T)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 2.96% in the last month
  • Relative Strength Index 68.33%
  • Technical support level at 39.93
  • Recently traded at 40.37 with a 50 day moving average of 38.91











MORNING CALL 6/14

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Sep E-mini S&Ps (ESU16 -0.19%) are down -0.21% at a 3-week low and European stocks are down -1.11% at a 3-1/2 month low on growing uncertainty about the UK's future in the European Union. Increasing odds that Britain will vote yes to Brexit in the Jun 23 referendum has undercut GBP/USD as it falls -0.73% to a 2-month low, sent the German 10-year bund yield below zero for the first time and government bond yields fell to record lows in Australia and Japan. Strength in the dollar has also undercut commodity prices with July WTI crude (CLN16 -1.19%) down -1.37% at a 1-week low. The Fed begins its 2-day policy meeting today and although the market is expecting no change in Fed policy, the post-FOMC statement and comments from Fed Chair Yellen will be parsed for clues as to when the Fed may raise interest rates again. Asian stocks settled mostly lower: Japan-1.00%, Hong Kong -0.61%, China +0.32%, Taiwan +0.47%, Australia -2.06%, Singapore -0.61%, South Korea -0.29%, India unchanged. Japan's Nikkei Stock Index dropped to a 2-month low as exporter tocks sold-off after USD/JPY fell to a 1-1/4 month low. China's Shanghai Composited erased losses and closed higher on speculation that MSCI will announce on Wednesday whether China's domestic equities will be added to its global benchmark indexes.
The dollar index (DXY00 +0.40%) is up +0.44% at a 1-week high. EUR/USD (^EURUSD) is down -0.58% at a 1-week low. USD/JPY (^USDJPY) is down -0.36% at a 1-1/4 month low.
Sep T-note prices (ZNU16 +0.20%) are up +10.5 ticks at a new contract high as global government bond markets rally on Brexit concerns and equity market weakness.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) May retail sales (expected +0.3% and +0.4% ex autos, Apr +1.3% and +0.8% ex autos), (2) May import price index (expected +0.7% m/m and -5.9% y/y, Apr +0.3% m/m and -5.7% y/y), (3) FOMC begins 2-day policy meeting, and (4) Apr business inventories (expected +0.2%, Mar +0.4%).
There is one of the Russell 1000 companies that reports earnings todayL John Wiley (consensus $0.67).
U.S. IPO's scheduled to price today: none.
Equity conferences this week include: Piper Jaffray Heartland Summit on Tue, Wells Fargo Food & Food Retail Forum on Tue, William Blair & Company Growth Stock Conference on Tue-Thu, Piper Jaffray Consumer Conference on Wed, and RBC Capital Markets Global Financial Technology Investor Day on Thu

OVERNIGHT U.S. STOCK MOVERS
Tractor Supply Co. (TSCO -1.72%) was rated a new 'Buy' at Guggenheim Securities with a 12-month price target of $110.
Navistar International (NAV -0.60%) was downgraded to 'Sell' from 'Hold' at Stifel with a 12-month price target of $10.
Spectra Energy (SE -0.75%) was awarded a 168-mile intrastate natural gas pipeline project by Mexico's Comision Federal de Electrcidad valued at $1.5 billion.
LinkedIn (LNKD +46.64%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Cadence Design Systems (CDNS -0.45%) was downgraded to 'Hold' from 'Buy' at Needham & Co.
Vonage (VG +1.72%) rallied nearly 5% in pre-market trading after it was upgraded to 'Buy' from 'Neutral' at Citigroup.
Baidu (BIDU -0.44%) slumped 8% in after-hours trading after it lowered guidance on Q2 revenue to $2.807 billion-$2.823 billion from an April 28 view of $3.119 billion-$3.192 billion.
Mattress Firm Holding Corp. (MFRM +1.87%) fell over 2% in after-hours trading after it said it identifies material weakness related to accounting for significant transactions.
Tailored Brands (TLRD -1.81%) rose over 4% in after-hours trading on signs in insider buying after COO Bruce Thorn bought 21,600 shares at $11.52 and General Counsel A. Alexander Rhodes bought 8,700 shares at $11.62.
Minerva Neurosciences (NERV +0.50%) slid over 3% in after-hours trading after it proposed a public offering of common stock.
ImmunoGen (IMGN -0.20%) tumbled 11% in after-hours trading after it announced a $100 million offering of convertible senior notes
KemPharm (KMPH -5.41%) plunged over 30% in after-hours trading after the company said the FDA did not approve its painkiller Apadaz.
Arena Pharmaceuticals (ARNA +0.50%) dropped 4% in after-hours trading after Chief Medical Officer William Shanahan was terminated effective immediately.
MARKET COMMENTS
September E-mini S&Ps (ESU16 -0.19%) this morning are down -4.25 points (-0.21%) at a new 3-week low. Monday's closes: S&P 500 -0.81%, Dow Jones -0.74%, Nasdaq -0.86%. The S&P 500 on Monday sold off to a 2-1/2 week low and closed lower on Monday's -3.21% decline in China's Shanghai Composite and on heightened Brexit concerns as the latest polls show that the June 23 Brexit vote is too close to call, which sent European stocks tumbling to a 3-1/2 month low. Stocks received some underlying support from a rally in mining stocks and raw-material producers as gold and silver prices rose to 1-month highs.
September 10-year T-note prices (ZNU16 +0.20%) this morning are up +10.5 ticks at a fresh contract high. Monday's closes: TYU6 +7.50, FVU6 +5.75. Sep T-notes on Monday climbed to a fresh contract high and closed higher on increased safe-haven demand with Brexit concerns and the sell-off in stocks. T-notes also received a boost from reduced inflation expectations after the 10-year T-note breakeven inflation rate tumbled to a 2-3/4 month low.
The dollar index (DXY00 +0.40%) this morning is up +0.411 (+0.44%) at a 1-week high. EUR/USD (^EURUSD) is down -0.0066 (-0.58%) at a 1-week low. USD/JPY (^USDJPY) is down -0.38 (-0.36%) at a 1-1/4 month low. Monday's closes: Dollar Index -0.209 (-0.22%), EUR/USD +0.0041 (+0.36%), USD/JPY -0.71 (-0.66%). The dollar index on Monday closed lower on reduced Fed rate-hike expectations with the upcoming Brexit vote and on the continued decline in U.S. Treasury yields. Meanwhile, USD/JPY fell to a 1-1/4 month low on safe-haven demand for the yen.
July WTI crude oil (CLN16 -1.19%) this morning is down -67 cents (-1.37%) at a 1-week low. July gasoline (RBN16 -0.58%) is down -0.0102 (-0.66%) at a 1-month low. Monday's closes: CLN6 -0.19 (-0.39%), RBN6 -0.0234 (-1.50%). July crude and gasoline on Monday closed lower with July crude at a 1-week low and July gasoline at a 1-month low. Crude oil prices were undercut by the slide in the S&P 500 to a 1-week low and by carryover weakness from Friday's Baker Hughes report that U.S. oil rigs rose for a second week. Crude oil prices were supported by a weaker dollar and by oil supply concerns after EIA data showed that global oil disruptions reached an average 3.8 million bpd in May, the most since the EIA began tracking the data in 2011.
GLOBAL EVENT CALENDAR06/14/2016
Tuesday, June 14, 2016
US0830 ETMay retail sales expected +0.3% and +0.4% ex autos, Apr +1.3% and +0.8% ex autos. May retail sales ex auto & gas expected +0.3%, Apr +0.6%.
0830 ETMay import price index expected +0.7% m/m and -5.9% y/y, Apr +0.3% m/m and -5.7% y/y.
0930 ETFOMC begins 2-day policy meeting.
1000 ETApr business inventories expected +0.2%, Mar +0.4%.
JPN0030 ETRevised Japan Apr industrial production, prelim-Apr +0.3% m/m and -3.5% y/y. Apr capacity utilization, Mar +3.2% m/m.
UK0430 ETUK May CPI expected +0.3% m/m and +0.4% y/y, Apr +0.1% m/m and +0.3% y/y. May core CPI expected +1.3% y/y, Apr +1.2% y/y.
0430 ETUK May RPI expected +0.3% m/m and +1.5% y/y, Apr +0.1% m/m and +1.3% y/y. May RI ex-mortgage interest payments expected +1.5%, Apr +1.4% y/y.
0430 ETUK May PPI input prices expected +0.9% m/m and -5.1% y/y, Apr +0.9% m/m and -6.5% y/y.
0430 ETUK May PPI output prices expected +0.3% m/m and -0.5% y/y, Apr +0.4% m/m and -0.7% y/y. May PPI output core expected +0.1% m/m and +0.6% y/y, Apr +0.2% m/m and +0.5% y/y.
0430 ETUK Apr ONS house price, Apr +9.0% y/y.
EUR0500 ETEurozone Apr industrial production expected +0.6% m/m and +1.3% y/y, Mar -0.8% m/m and +0.2% y/y.
0500 ETEurozone Q1 employment, Q4 +0.3% q/q and +1.2% y/y.
Wednesday, June 15, 2016
US0700 ETWeekly MBA mortgage applications, previous +9.3% with purchase sub-index +11.7% and refi sub-index +7.4%.
0830 ETMay PPI final demand expected +0.3% m/m and -0.1% y/y, Apr +0.2% m/m and unch y/y. May PPI ex food & energy expected +0.1% m/m and +1.0% y/y, Apr +0.1% m/m and +0.9% y/y.
0830 ETJun Empire manufacturing survey general business conditions expected +4.77 to -4.25, May -18.58 to -9.02.
0915 ETMay industrial production expected -0.2%, Apr +0.7%. May manufacturing production expected unchanged, Apr +0.3%. May capacity utilization expected -0.2 to 75.2%, Apr +0.5 to 75.4%.
1030 ETEIA Weekly Petroleum Status Report.
1400 ETFOMC announces interest rate decision and releases economic projections. Fed Chair Yellen holds press conference.
JPN0200 ETRevised Japan May machine tool orders, prelim -25.0% y/y.
UK0430 ETUK May jobless claims change expected unch, Apr -2,400. May claimant count rate expected unch at 2.1%.
0430 ETUK Apr average weekly earnings expected +1.7% 3-mo avg y/y, Mar +2.0% 3-mo avg y/y. Apr weekly earnings ex-bonus expected +2.0% 3-mo avg y/y, Mar +2.1% 3-mo avg y/y.
0430 ETUK ILO unemployment rate expected +5.1% for the three months through Apr, previous 5.1% for the three months through Mar.
U.S. STOCK CALENDAR06/14/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
John Wiley & Sons IncJW/ABef-mktQ4 2016 Earnings ReleaseQ4 20160.665
Best Buy Co IncBBY10:00Annual General MeetingY 2016
John Wiley & Sons IncJW/A10:00Q4 2016 Earnings CallQ4 2016
MetLife IncMET11:30Annual General MeetingY 2016
FireEye IncFEYE14:00Annual General Meeting
StarzSTRZA15:00Annual General Meeting
Monster Beverage CorpMNST16:20Annual General MeetingY 2016
athenahealth IncATHN17:00Annual General MeetingY 2016
Staples IncSPLSAnnual General MeetingY 2016
Affiliated Managers Group IncAMGAnnual General Meeting
Spirit Airlines IncSAVEAnnual General Meeting
Live Nation Entertainment IncLYVAnnual General Meeting