Sunday, May 28, 2017

New Age Beverages - Micro Cap for Momentum Investors

I wanted to find a Micro Cap that was hitting All Time Highs, so I used Barchart to sort today's All Time High list first for Micro Caps, then for the most frequent new highs in the last month. lastly for technical buy signals of 80% or more.  Today's addition to the Watch List is New Age Beverages (NBEV).

New Age Beverages (NBEV)


Barchart technical indicators:

  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 60.43% in the last month
  • Relative Strength Index 71.09%
  • Technical support level at 5.80
  • Recently traded at 6.00 with a 50 day moving average of 4.25
  • Gained 40.52% since Trend Spotter signaled a buy in 5/12
Fundamental factors:
  • Market Cap $188 million
  • Weighted Alpha 211.20+
  • Gained 328.57% in the last year
  • Revenue expected to grow 35.30% next year
  • Earnings estimated to increase 214.30% next year
  • 2 Wall Street analysts issued strong buy reports

Friday, May 26, 2017

Cooper Cos. Chart of the Day

Cooper Companies (COO) is the Barchart Chart of the Day.  The health care products company has a Trend Spotter buy signal, a Weighted Alpha of 34.54+ and gained 34.95% in the last year.

The Chart of the Day belongs to Cooper Companies (COO).  I found the health care products 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.  Since the Trend Spotter signaled a buy on 4/20 the stock gained 8.49%.

The Cooper Companies, Inc., through its principal subsidiaries, develops, manufactures and markets healthcare products. CooperVision markets a range of contact lenses to correct visual defects, specializing in toric lenses that correct astigmatism. The company also markets conventional toric and spherical lenses and lenses for patients with more complex vision disorders. CooperSurgical markets diagnostic products, surgical instruments and accessories to the women's healthcare market.


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
  • 18 new highs and up 9.57% in the last month
  • Relative Strength Index 79.88%
  • Technical support level at 216.81
  • Recently traded at 217.50 with a 50 day moving average of 202.95
Fundamental factors:
  • Market Cap $10.69 billion
  • P/E 25.43
  • Dividend yield .03%
  • Revenue expected to grow 7.40% this year and another 6.50% next year
  • Earnings are estimated to increase 9.60% this year, an additional 12.00% next year and continue to compound at an annual rate of 15.60% for the next 5 years
  • Wall Street analysts issued 9 strong buy, 1 buy and 3 hold recommendations on the stock

Thursday, May 25, 2017

SigmaTron International - Chart of the Day

SigmaTron International (SGMA) is the Barchart Chart of the Day.  The electronic products company has a Trend Spotter buy signal, a Weighted Alpha of 20.20+ and gained 12.52% in the last year.

The Chart of the Day belongs to SigmaTron International (SGMA).  I found the electronic products by using Barchart to sort today's Top Stocks to Own list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy in 3/14 he stock gained 40.04%.

SigmaTron International Inc. is an independent provider of electronic manufacturing services, which includes printed circuit board assemblies and completely assembled electronic products. Included among the wide range of services the company offers its customers are automatic and manual assembly and testing of products, material sourcing and procurement, design, manufacturing and test engineering support, warehousing and shipment services, and assistance in obtaining product approvals from governmental and other regulatory bodies.


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
  • 15 new highs and up 25.63% in the last month
  • Relative Strength Index 73.55%
  • Technical support level 6.40
  • Recently traded at 6.47 with a 50 day moving average of 25.63
  • Market Cap $26.57 million
  • P/E 151.50
  • No analysts presently following this stock

MORNING CALL 5/22

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM17 +0.27%) this morning are up +0.27% at a new record nearest-futures high and extended Wednesday's rally after Wednesday afternoon's minutes of the May 2-3 FOMC meeting indicated policy makers wanted more evidence that recent weakness in economic growth is transitory before raising interest rates further. Global stocks rallied on the dovish FOMC meeting minutes with European stocks up +0.29% as market anxiety has fallen as well and is another supportive factor for stock prices after the VIX volatility index fell for a sixth day to a 2-week low. Jul WTI crude oil climbed to a 1-month high after OPEC was said to agree to extend its production cuts for another 9 months, although prices sold-off on disappointment that they didn't cut further and Jul WTI crude (CLN17 -1.27%) is now down -1.71% on fund liquidation. Asian stocks settled higher: Japan +0.36%, Hong Kong +0.80%, China +1.43%, Taiwan +0.64%, Australia +0.36%, Singapore +0.10%, South Korea +1.16%, India +1.48%. South Korea's Kospi Stock Index posted a new all-time high, while China's Shanghai Composite and Japan's Nikkei Stock Index rallied to 1-week highs on carry-over support from Wednesday's rally in U.S. equities. Chinese stocks also rose on reports that state-backed funds were buying shares.
The dollar index (DXY00 -0.09%) is down -0.10%. EUR/USD (^EURUSD) is down -0.02%. USD/JPY (^USDJPY) is up +0.30%.
Jun 10-year T-note prices (ZNM17 +0.06%) are up +1.5 ticks.
Speaking in Tokyo, Chicago Fed President Evans (voter) said the U.S. has essentially returned to full employment, although "stubborn" inflation has been slow to hit target.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +6,000 to 238,000, previous -4,000 to 232,000) and continuing claims (expected +27,000 to 1.925 million, previous -22,000 to 1.898 million), (2) Apr wholesale inventories (expected +0.2%, Mar -0.1%), (3) Fed Governor Lael Brainard takes part in a discussion on the global economy at the Center for Global Development’s Voices of Experience, (4) May Kansas City Fed manufacturing activity (expected +3 to 10, Apr -13 to 7), (5) Treasury auctions $28 billion of 7-year T-notes, (6) St. Louis Fed President James Bullard (non-voter) speaks on the U.S. economy and monetary policy at Keio University in Tokyo, (7) OPEC meeting, (8) USDA weekly Export Sales.
Notable Russell 2000 earnings reports today include: Best Buy (consensus $0.40), Dollar Tree (0.99), Hormel Foods (0.40), Patterson Cos (0.65), Burlington Stores (0.70), Intl Game Technology (0.47), Medtronic (1.31), Signet Jewelers (1.64), Toro (1.04), GameStop (0.53), Marvell Technology (0.21), Lions Gate Entertainment (0.21), Ulta Beauty (1.80).
U.S. IPO's scheduled to price today: none.
Equity conferences: UBS Global Health Care Conference on Mon-Thu; UBS Auto & Auto Supplier 1x1 Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Best Buy (BBY -2.19%) jumped 10% in pre-market trading after it reported Q1 adjusted EPS of 60 cents, well above consensus of 40 cents, as Q1 enterprise comparable sales unexpectedly rose +1.6%, better than expectations of a -1.5% decline.
Chipotle Mexican Grill (CMB) was upgraded to 'Buy' from 'Hold' at Argus Research with a price target of $550.
IHS Markit Ltd (INFO +0.34%) rose nearly 5% in after-hours trading when it was announced that it will replace Tegna in the S&P 500 before the open of trading on Friday, June 2.
Independence Realty Trust (IRT +0.54%) climbed 4% in after-hours trading when it was announced that it will replace Ultratech in the S&P SmallCap 600 before the open of trading on Wednesday, May 30.
PVH Corp (PVH -0.33%) rose 3% in after-hours trading after it reported Q1 adjusted EPS of $1.65, better than consensus of $1.60, and then said it sees full-year adjusted EPS of $7.40 to $7.50, above consensus of $6.76.
Williams-Sonoma (WSM +1.10%) jumped 8% in after-hours trading after it reported Q1 adjusted EPS of 51 cents, above consensus of 49 cents, and said it sees Q2 revenue of $1.20 billion to $1.23 billion, higher than consensus of $1.19 billion.
Live Nation (LYV -0.03%) was initiated with a 'Buy' at Guggenheim Securities with a 12-month target price of $40.
Aerie Pharmaceuticals (AERI -0.74%) surge 25% in after-hours trading after it said it expects to submit an NDA for its Roclatan after it achieved primary efficacy endpoint in its Phase 3 "Mercury 2" study for treatment of patients with glaucoma and other eye diseases.
Sun Communities (SUI +0.75%) lost almost 2% in after-hours trading after it announced that it had commenced an underwritten public offering of 3.5 million shares of its common stock.
Radius Health (RDUS +0.57%) gained over 2% in after-hours trading after it announced positive results from a 24-month ActiveExtend study for its Tymlos in postmenopausal women with osteoporosis.
Bank of the Ozarks (OZRK -1.90%) fell 5% in after-hours trading after it announced an underwritten registered public offering of 6.6 million shares of its common stock.
Guess? (GES -0.80%) jumped over 13% in after-hours trading after it said Q1 Americas retail comparable sales including e-commerce fell -15%, a smaller decline than expectations of -16.5%, and then raised guidance on full-year adjusted EPS to 34 cents-44 cents from a prior view of 28 cents-40 cents.
Pure Storage (PSTG -0.28%) rallied 15% in after-hours trading after it reported Q1 revenue of $182.6 million, higher than consensus of $175.9 million, and said it sees Q2 revenue of $214 million-$222 million, the midpoint well above consensus of $214.14 million.
Costamare (CMRE -2.14%) dropped 9% in after-hours trading after it announced that it plans a public offering of 12.5 million shares of its common stock.
MARKET COMMENTS
June E-mini S&Ps (ESM17 +0.27%) this morning are up +6.50 points (+0.27%) at a new record nearest-futures high. Wednesday's closes: S&P 500 +0.25%, Dow Jones +0.36%, Nasdaq +0.47%. The S&P 500 on Wednesday rose to a 1-week high and closed higher on a slightly dovish interpretation of the May 2-3 FOMC minutes, which stated that most policy makers felt "it would be prudent" to wait to see if recent economic weakness was only temporary. Stocks were also boosted by the +6.50 tick rally in June T-notes.
June 10-year T-notes (ZNM17 +0.06%) this morning are up +1.5 ticks. Wednesday's closes: TYM7 +6.50, FVM7 +4.50. Jun 10-year T-notes on Wednesday closed higher on strong demand for the Treasury's $34 billion 5-year T-note auction that had a bid-to-cover ratio of 2.67, higher than the 12-auction average of 2.43. T-notes were also boosted by the news in the FOMC minutes that the Fed will start off slowly with its balance sheet reduction process.
The dollar index (DXY00 -0.09%) this morning is down -0.096 (-0.10%). EUR/USD (^EURUSD) is down -0.0002 (-0.02%) and USD/JPY (^USDJPY) is up +0.34 (+0.30%). Wednesday's closes: Dollar index -0.113 (-0.12%), EUR/USD +0.0036 (+0.32%), USD/JPY -0.29 (-0.26%). The dollar index on Wednesday closed lower on the weaker-than-expected U.S. Apr existing home sales report of -2.3% and the slightly dovish interpretation of the May 2-3 FOMC minutes.
July WTI crude oil prices (CLN17 -1.27%) this morning are down -88 cents (-1.71%) and July gasoline (RBN17 -0.75%) is -0.0187 (-1.13%). Wednesday's closes: Jul crude -0.11 (-0.21%), Jul gasoline -0.0084 (-0.51%). Jul crude oil and gasoline on Wednesday fell back from 1-month highs and closed lower. Crude oil prices were undercut by the +0.2% increase in U.S. crude production in the week of May 19 to 9.32 million bpd, a 1-3/4 year high, and by the -787,000 bbl decline in EIA gasoline inventories, a smaller drop than expectations of -1.075 million bbl. Crude oil prices were boosted by the -4.43 million bbl decline in EIA crude inventories (vs expectations of -2.0 million bbl) and by the -741,000 bbl decline in crude supplies at Cushing, OK, delivery point of WTI futures.
GLOBAL EVENT CALENDAR05/25/2017
Thursday, May 25
US0830 ETWeekly initial unemployment claims expected +6,000 to 238,000, previous -4,000 to 232,000. Weekly continuing claims expected +27,000 to 1.925 million, previous -22,000 to 1.898 million.
0830 ETApr wholesale inventories expected +0.2%, Mar -0.1%. Apr retail inventories, Mar +0.4%.
0830 ETUSDA weekly Export Sales.
1000 ETFed Governor Lael Brainard takes part in a discussion on the global economy at the Center for Global Developments Voices of Experience.
1100 ETMay Kansas City Fed manufacturing activity expected +3 to 10, Apr -13 to 7.
1300 ETTreasury auctions $28 billion of 7-year T-notes.
2200 ETSt. Louis Fed President James Bullard (non-voter) speaks on the U.S. economy and monetary policy at Keio University in Tokyo.
n/aOPEC meeting.
Friday, May 26
US0830 ETRevised Q1 GDP expected +0.9% (q/q annualized), previous +0.7% (q/q annualized). Q1 personal consumption expected +0.4%, previous +0.3%. Q1 GDP price index expected unrevised at +2.3%. Q1 core PCE deflator expected unrevised at +2.0% q/q.
0830 ETApr durable goods orders expected -1.5% and +0.4% ex transportation, Mar +0.9% and unch ex transportation. Apr capital goods orders non-defense ex-aircraft expected +0.5%, Mar +0.5%.
1000 ETRevised-May University of Michigan U.S. consumer sentiment expected -0.2 to 97.5, prelim-May +0.7 to 97.7.
1200 ETUSDA Apr Cattle on Feed.
U.S. STOCK CALENDAR05/25/2017
CompanyTickerTimeEvent DescriptionPeriodEstimate
Voya Financial IncVOYA US01:00Annual General Meeting
Hormel Foods CorpHRL USBef-mktQ2 2017 Earnings ReleaseQ2 170.399
Patterson Cos IncPDCO USBef-mktQ4 2017 Earnings ReleaseQ4 170.645
Burlington Stores IncBURL USBef-mktQ1 2018 Earnings ReleaseQ1 180.702
International Game Technology PLCIGT USBef-mktQ1 2017 Earnings ReleaseQ1 170.474
Medtronic PLCMDT US06:45Q4 2017 Earnings ReleaseQ4 171.313
Best Buy Co IncBBY US07:00Q1 2018 Earnings ReleaseQ1 180.404
Signet Jewelers LtdSIG US07:00Q1 2018 Earnings ReleaseQ1 181.64
White Mountains Insurance Group LtdWTM US07:00Annual General Meeting
Dollar Tree IncDLTR US07:30Q1 2018 Earnings ReleaseQ1 180.986
Best Buy Co IncBBY US08:00Q1 2018 Earnings CallQ1 18
Medtronic PLCMDT US08:00Q4 2017 Earnings CallQ4 17
International Game Technology PLCIGT US08:00Q1 2017 Earnings CallQ1 17
DaVita IncDVA US08:30Capital Markets Day
National Retail Properties IncNNN US08:30Annual General Meeting
Signet Jewelers LtdSIG US08:30Q1 2018 Earnings CallQ1 18
Burlington Stores IncBURL US08:30Q1 2018 Earnings CallQ1 18
Qorvo IncQRVO US08:30Investor Day
Toro Co/TheTTC US08:30Q2 2017 Earnings ReleaseQ2 171.037
Hormel Foods CorpHRL US09:00Q2 2017 Earnings CallQ2 17
Conduent IncCNDT US09:00Annual General Meeting
Annaly Capital Management IncNLY US09:00Annual General Meeting
Norwegian Cruise Line Holdings LtdNCLH US09:00Annual General Meeting
PVH CorpPVH US09:00Q1 2018 Earnings CallQ1 18
Arconic IncARNC US09:00Annual General Meeting
Dollar Tree IncDLTR US09:00Q1 2018 Earnings CallQ1 18
Interpublic Group of Cos Inc/TheIPG US09:30Annual General Meeting
Retail Properties of America IncRPAI US10:00Annual General Meeting
Chipotle Mexican Grill IncCMG US10:00Annual General Meeting
Patterson Cos IncPDCO US10:00Q4 2017 Earnings CallQ4 17
Telephone & Data Systems IncTDS US10:00Annual General Meeting
Bunge LtdBG US10:00Annual General Meeting
Unum GroupUNM US10:00Annual General Meeting
Flowers Foods IncFLO US11:00Annual General Meeting
Level 3 Communications IncLVLT US11:00Annual General Meeting
Omnicom Group IncOMC US11:00Annual General Meeting
AMERCOUHAL US11:00Q4 2017 Earnings CallQ4 17
Copart IncCPRT US11:00Q3 2017 Earnings CallQ3 17
Raytheon CoRTN US11:00Annual General Meeting
Toro Co/TheTTC US11:00Q2 2017 Earnings CallQ2 17
Tableau Software IncDATA US11:30Analyst Day
Humana IncHUM USInvestors Meeting
Quality Care Properties IncQCP USAnnual General Meeting
World Fuel Services CorpINT USAnnual General Meeting
Navient CorpNAVI USAnnual General Meeting
Juniper Networks IncJNPR US12:00Annual General Meeting
Envision Healthcare CorpEVHC USAnnual General Meeting
Rowan Cos PlcRDC USAnnual General Meeting
Acadia Healthcare Co IncACHC USAnnual General Meeting
Cinemark Holdings IncCNK USAnnual General Meeting
Leucadia National CorpLUK USAnnual General Meeting
BlackRock IncBLK USAnnual General Meeting
VeriSign IncVRSN USAnnual General Meeting
Tiffany & CoTIF USAnnual General Meeting
Lamar Advertising CoLAMR USAnnual General Meeting
Fitbit IncFIT USAnnual General Meeting
Equifax IncEFX USInvestor Meeting
Allstate Corp/TheALL US12:00Annual General Meeting
OneMain Holdings IncOMF US14:00Annual General Meeting
Brocade Communications Systems IncBRCD US16:00Q2 2017 Earnings ReleaseQ2 170.194
Veeva Systems IncVEEV USAft-mktQ1 2018 Earnings ReleaseQ1 180.176
Splunk IncSPLK USAft-mktQ1 2018 Earnings ReleaseQ1 18(0.045)
Ulta Beauty IncULTA USAft-mktQ1 2018 Earnings ReleaseQ1 181.801
Lions Gate Entertainment CorpLGF/A USAft-mktQ4 2017 Earnings ReleaseQ4 170.212
GameStop CorpGME USAft-mktQ1 2018 Earnings ReleaseQ1 180.532
Marvell Technology Group LtdMRVL USAft-mktQ1 2018 Earnings ReleaseQ1 180.213
Nutanix IncNTNX USAft-mktQ3 2017 Earnings ReleaseQ3 17(0.448)
DXC Technology CoDXC US16:15Q4 2017 Earnings ReleaseQ4 170.844
Costco Wholesale CorpCOST US16:15Q3 2017 Earnings ReleaseQ3 171.308
Veeva Systems IncVEEV US16:30Q1 2018 Earnings CallQ1 18
Splunk IncSPLK US16:30Q1 2018 Earnings CallQ1 18
Nutanix IncNTNX US16:30Q3 2017 Earnings CallQ3 17
Marvell Technology Group LtdMRVL US16:45Q1 2018 Earnings CallQ1 18
DXC Technology CoDXC US17:00Q4 2017 Earnings CallQ4 17
Ulta Beauty IncULTA US17:00Q1 2018 Earnings CallQ1 18
Lions Gate Entertainment CorpLGF/A US17:00Q4 2017 Earnings CallQ4 17
Costco Wholesale CorpCOST US17:00Q3 2017 Earnings CallQ3 17
GameStop CorpGME US17:00Q1 2018 Earnings CallQ1 18