Friday, November 17, 2017

D R Horton - Chart of the Day

D R Horton (DHI) is the Barchart Chart of the Day.  The home builder has a Trend Spotter buy signal, a Weighted Alpha of 77.13+ and gained 68.46% in the last year.

The Chart of the Day belongs to D R Horton (DHI).  I found the home builder stock by using Barchart to sort today's 52 Week High list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 9/12 the stock gained 27.53%.

D.R. Horton, Inc., one of the largest homebuilders in the United States, builds high quality, single-family homes designed principally for the entry-level and move-up markets. Founded in 1978, the company builds and sells homes with a geographic presence in the Midwest, Mid-Atlantic, Southeast, Southwest, and Western regions of the United States. The company also provides mortgage financing and title 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:

  • 96% technical buy signals
  • Trend Spotter by signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 16.00% in the last month
  • Relative Strength Index 89.61%
  • Technical support level at 47.30
  • Recently traded at 48.13 with a 50 day moving average of 41.76
Fundamental factors:
  • Market Cap $17.82 billion
  • P/E 17.41
  • Dividend yield .84%
  • Revenue expected to grow 13.90% this year and another 12.10% next year
  • Earnings estimated to increase 15.50% this year, an additional 13.40% next yer and continue to compound at an annual rate of 14.44% for the next 5 years

Thursday, November 16, 2017

Salesforce.Com - Chart of the Day

Salesforce.Com (CRM) is the Barchart Chart of the Day.  The computer software company has a Trend Spotter buy signal, a Weighted Alpha of 43.61+ and gained 33.65% in the last year.

The Chart of the Day belongs to Salesforce.Com (CRM).  I found the computer software stock by using Barchart to sort today's 52 Week High list first for the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 10/3 the stock gained 12.11%.

Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the world's first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. The Salesforce Platform allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange directory. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.



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
  • 17 new highs and up 10.10% in the last month
  • Relative Strength Index 74.80%
  • Technical support level at 104.62
  • Recently traded at 106.94 with a 50 day moving average of 98.25
Fundamental factors:
  • Market Cap $75.77 billion
  • P/E 531.15
  • Revenue expected to grow 23.90% this year and another 20.00% next year
  • Earnings estimated to increase 30.70% this year, an additional 29.50% next year and continue to compound at an annual rate of 24.26% for the next 5 years
  • Wall Street analysts issued 14 strong buy, 24 buy and 2 hold recommendations on the stock

Articles by this author:

Morning Call 11/16

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Dec E-mini S&Ps (ESZ17 +0.34%) this morning are up +0.31%, led by a nearly 3% gain in Wal-Mart in pre-market trading after it reported better-than-expected Q3 adjusted earnings and boosted its full-year earnings outlook. European stocks are up +0.57% as global stocks regained their footing following losses earlier in the week. Strength in automakers is leading European stocks higher after Eurozone Oct new car registrations rose +5.9% y/y, the biggest increase in 5-months. Asian stocks settled mostly higher: Japan +1.47%, Hong Kong +0.58%, China -0.10%, Taiwan -0.05%, Australia +0.16%, Singapore -0.81%, South Korea +0.66%, India +1.06%. China's Shanghai Composite slid to a 1-week low, but recovered most of its losses after the PBOC injected cash into the financial system. The PBOC pumped in 310 billion yuan ($47 billion) through reverse-repurchase agreements on Thursday, the biggest one-day injection in 10 months, which eased interest rate concerns after the China 10-year note rose above 4% Tuesday for the first time in 3-years. The Nikkei Stock Index bounced back sharply following its slide Wednesday to a 2-week low as strength in quarterly corporate earnings boosted stocks.

The dollar index (DXY00 +0.14%) is up +0.16%. EUR/USD (^EURUSD) is down -0.20% after ECB Executive Board member Praet said inflation developments are subdued despite solid growth. USD/JPY (^USDJPY) is up +0.26%.
Dec 10-year T-note prices (ZNZ17 -0.20%) are down -7.5 ticks.
ECB Executive Board member Praet said "we have not yet accomplished our mission, and so we must remain patient and persistent" on monetary policy as inflation developments are subdued despite solid growth.
Eurozone Oct new car registrations rose +5.9% y/y to 1,169,672, the largest increase in 5-months. Year-to-date Eurozone new car registrations are up +3.9% y/y at 12,830,216.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected -4,000 to 235,000, previous +10,000 to 239,000) and continuing claims (expected -1,000 to 1.900 million, previous +17,000 to 1.901 million), (2) Nov Philadelphia Fed business outlook index (expected -3.8 to 24.1, Oct +4.1 to 27.9), (3) Oct import price index (expected +0.3% m/m and +2.5% y/y, Sep +0.7% m/m and +2.7% y/y), (4) Cleveland Fed President Loretta Mester (non-voter) delivers keynote address at the Cato Institute conference on “The Future of Monetary Policy,” (5) Oct industrial production (expected +0.5%, Sep +0.3%) (6) Nov NAHB housing market index (expected -1 to 67, Oct +4 to 68), (7) Treasury auctions $11 billion 10-year TIPS, (8) Dallas Fed President Robert Kaplan (voter) speaks in a moderated Q&A at the CFA Society Houston, (9) Fed Governor Lael Brainard delivers keynote address at the FinTech Financial Stability Conference co-hosted by the University of Michigan’s Center on Finance, Law and Policy, (10) San Francisco Fed President John Williams (non-voter) gives keynote address at the Asia Economic Policy Conference in San Francisco, (11) USDA weekly Export Sales.
Notable Russell 2000 earnings reports today include: Wal-Mart (consensus $0.98), Best Buy (0.78), Gap (0.54), Ross Stores (0.67), Williams-Sonoma (0.84), Viacom (0.86), Applied Materials (0.90), JM Smucker (1.90).
U.S. IPO's scheduled to price today: Bluegreen Vacations (BXG), Stitch Fix (SFIX), Molino Canuelas (MOLC), Scpharmaceuticals (SCPH), Level Brands (LEVB), SailPoint Technologies Holdings (SAIL).
Equity conferences during the remainder of this week: Jefferies London Health Care Conference on Wed-Thu, Morgan Stanley European Technology, Media & Telecom Conference on Wed-Thu, Deutsche Bank Lithium Supply Chain and Energy Storage Conference on Thu, MKM Partners Entertainment, Travel & Technology Conference on Thu, Bank of America Merrill Lynch Global Energy Conference on Thu-Fri, Gabelli & Co Financial Services Conference on Fri.
OVERNIGHT U.S. STOCK MOVERS
Wal-Mart Stores (WMT -1.38%) rose nearly 3% in pre-market trading after it reported Q3 adjusted EPS of $1.00, better than consensus of 98 cents, and then raised guidance on full-year EPS to $4.38-$4.46 from an Oct 10 view of $4.30-$4.40, the mid-point above consensus of $4.38.
Dollar General (DG -1.14%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank with a 12-month target price of $93.
NetApp (NTAP +0.44%) rose 8% in after-hours trading after it reported Q2 net revenue of $1.42 billion, higher than consensus of $1.38 billion, and then said it sees Q3 net revenue of $1.43 billion to $1.58 billion, the mid-point above consensus of $1.44 billion.
RH US (RH -6.08%) jumped 10% in after-hours trading after it reported preliminary Q3 adjusted net revenue of $592.5 million, above estimates of $588.3 million, and then boosted 2017 adjusted net income guidance to $82 million-$87 million from a prior view of $70 million to $77 million.
L Brands (LB -0.02%) fell nearly 3% in after-hours trading after it said it sees Q4 EPS of $1.95 to $2.10, the mid-point below consensus of $2.03.
Cisco Systems (CSCO +0.21%) climbed over 4% in after-hours trading after it reported Q1 adjusted EPS of 61 cents, above consensus of 60 cents, and then said it sees Q2 adjusted EPS of 58 cents to 60 cents, the mid-point above consensus of 58 cents.
Mindbody (MB +0.78%) was initiated as a 'Buy' at D.A. Davidson with an 18-month target price of $42.
Norwegian Cruise Line Holdings Ltd (NCLH -0.05%) fell over 1% in after-hours trading after it announced the launch of a secondary public offering of 10 million shares of its common stock by funds affiliated with Apollo Global Management LLC and Star NCLC Holdings Ltd.
Procter & Gamble (PG -0.72%) rose 3% in after-hours trading after a recount showed billionaire investor Nelson Peltz had secured enough votes for a seat on Procter & Gamble's board.
Mattel (MAT -1.19%) lost over 1% in after-hours trading after Reuters reported that it had rebuffed Hasbro's bid for the company.
AxoGen (AXGN +0.40%) tumbled 11% in after-hours trading after it announced that it has commenced an underwritten public offering of 1.2 million shares of its common stock.
Smart Global Holdings (SGH -0.97%) surged 17% in after-hours trading after it raised guidance on Q1 sales to $250 million to $260 million from a Sep 29 view of $225 million to $240 million.
Mirati Therapeutics (MRTX +6.44%) dropped nearly 8% in after-hours trading after the company announced it will offer $75 million in stock via Barclays and Cowen.

MARKET COMMENTS
Dec S&P 500 E-mini stock futures (ESZ17 +0.34%) this morning are up +8.00 points (+0.31%). Wednesday's closes: S&P 500 -0.55%, Dow Jones -0.59%, Nasdaq -0.56%. The S&P 500 on Wednesday fell to a 3-week low and closed lower due to the selloff in global stock markets that boosted the VIX volatility index to 2-3/4 month high and spurred long liquidation in stocks. Stocks also fell after the U.S. Oct core CPI rose +1.8% y/y, stronger than expectations of +1.7% y/y and the fastest pace of increase in 6 months, which bolsters the case for a Fed rate hike next month. Weakness in energy stocks was another negative factor after crude oil prices fell -0.66%. On the positive side, U.S. Oct retail sales rose +0.2%, better than expectations of unch.
Dec 10-year T-note prices (ZNZ17 -0.20%) this morning are down -7.5 ticks. Wednesday's closes: TYZ7 +10.00, FVZ7 +3.50. Dec 10-year T-notes on Wednesday closed higher after the S&P 500 fell to a 3-week low, which boosted the safe-haven demand for T-notes, and after dovish comments from Chicago Fed President Evans who said we're facing "below-target inflation expectations."
The dollar index (DXY00 +0.14%) this morning is up +0.146 (+0.16%). EUR/USD (^EURUSD) is down -0.0024 (-0.20%) and USD/JPY (^USDJPY) is up +0.29 (+0.26%). Wednesday's closes: Dollar Index -0.014 (-0.01%), EUR/USD -0.0007 (-0.06%), USD/JPY -0.58 (-0.51%). The dollar index on Wednesday dropped to a 3-week low and closed lower after global stock markets fell, which sent USD/JPY to a 3-week low on increased safe-haven demand for the yen. Another negative for the dollar was the comments from Chicago Fed President Evans who said we're facing "below-target inflation expectations," which is dovish for Fed policy. The dollar recovered most of its losses, however, after U.S. core CPI rose more than expected, which bolsters the case for a Fed rate hike in Dec.
Dec crude oil (CLZ17 -0.13%) this morning is down -11 cents (-0.20%) and Dec gasoline (RBZ17 -0.44%) is -0.0085 (-0.49%). Wednesday's closes: Dec WTI crude -0.37 (-0.66%), Dec gasoline -0.0224 (-1.27%). Dec crude oil and gasoline on Wednesday closed lower with Dec gasoline at a 2-week low after EIA crude inventories unexpectedly rose +1.854 million bbl, more than expectations for a -2.4 million bbl decline, and after U.S. crude production in the week of Nov 10 rose +0.3% to 9.645 million bpd, the most in 46 years. Gasoline prices were also undercut after an unexpected +894,000 bbl increase in EIA gasoline stockpiles, more than expectations of a -1.5 million bbl draw.
Metals prices this morning are higher with Dec gold (GCZ17 -0.02%) +0.2 (+0.02%), Dec silver (SIZ17 +0.44%) +0.054 (+0.32%) and Dec copper (HGZ17 +0.54%) +0.005 (+0.16%). Wednesday's closes: Dec gold -5.2 (-0.41%), Dec silver -0.102(-0.60%), Dec copper -0.0105 (-0.34%). Metals on Wednesday closed lower with Dec copper at a 5-week low as stronger-than-expected U.S. economic data on Oct CPI and Oct retail sales bolstered the case for Fed rate hike in Dec. Copper prices also came under pressure on demand concerns after Japan Q3 GDP rose less than expected.
GLOBAL EVENT CALENDAR11/16/2017
Thursday, Nov 16
US0830 ETWeekly initial unemployment claims expected -4,000 to 235,000, previous +10,000 to 239,000. Weekly continuing claims expected -1,000 to 1.900 million, previous +17,000 to 1.901 million.
0830 ETNov Philadelphia Fed business outlook survey expected -3.3 to 24.6, Oct +4.1 to 27.9.
0830 ETOct import price index expected +0.4% m/m and +2.5% y/y, Sep +0.7% m/m and +2.7% y/y. Oct import price index ex-petroleum expected +0.2%, Sep +0.3%.
0830 ETOct export price index expected +0.4% m/m, Sep +0.8% m/m and +2.9% y/y.
0830 ETUSDA weekly Export Sales.
0910 ETCleveland Fed President Loretta Mester (non-voter) delivers keynote address at the Cato Institute conference on The Future of Monetary Policy.
0915 ETOct industrial production expected +0.5%, Sep +0.3%. Oct manufacturing production expected +0.5%, Sep +0.1%. Oct capacity utilization expected +0.3 to 76.3%, Sep +0.2 to 76.0%.
1000 ETNov NAHB housing market index expected -1 to 67, Oct +4 to 68.
1100 ETTreasury announces amount of 2-year floating-rate notes to be auctioned Nov 21.
1300 ETTreasury auctions $11 billion 10-year TIPS.
1310 ETDallas Fed President Robert Kaplan (voter) speaks in a moderated Q&A at the CFA Society Houston.
1545 ETFed Governor Lael Brainard delivers keynote address at the FinTech Financial Stability Conference co-hosted by the University of Michigans Center on Finance, Law and Policy.
1645 ETSan Francisco Fed President John Williams (non-voter) gives keynote address at the Asia Economic Policy Conference in San Francisco.
Friday, Nov 17
US0830 ETOct housing starts expected +5.6% to 1.190 million, Sep -4.7% to 1.127 million. Oct building permits expected +2.0% to 1.250 million, Sep -3.7% to 1.225 million.
1100 ETNov Kansas City Fed manufacturing activity expected -2 to 21, Oct +6 to 23.
1500 ETUSDA Oct Cattle on Feed.
1730 ETSan Francisco Fed President John Williams (non-voter) speaks with reporters at the San Francisco Feds Asian Economic Policy Conference.
U.S. STOCK CALENDAR11/16/2017

NameTickerTimeDescriptionPeriodEstimate
Helmerich & Payne IncHP USBef-mktQ4 2017 Earnings ReleaseQ4 17-0.187
Spectrum Brands Holdings IncSPB USBef-mktQ4 2017 Earnings ReleaseQ4 171.463
Berry Global Group IncBERY USBef-mktQ4 2017 Earnings ReleaseQ4 170.795
JM Smucker Co/TheSJM US6:00Q2 2018 Earnings ReleaseQ2 181.901
Wal-Mart Stores IncWMT US7:00Q3 2018 Earnings ReleaseQ3 180.975
Wal-Mart Stores IncWMT US7:00Q3 2018 Earnings Call - Pre-recordedQ3 18
Best Buy Co IncBBY US7:00Q3 2018 Earnings ReleaseQ3 180.78
Viacom IncVIAB US7:00Q4 2017 Earnings ReleaseQ4 170.855
Best Buy Co IncBBY US8:00Q3 2018 Earnings CallQ3 18
Owens CorningOC US8:30Investor Day
JM Smucker Co/TheSJM US8:30Q2 2018 Earnings CallQ2 18
SEI Investments CoSEIC US8:30Investor Meeting
Viacom IncVIAB US8:30Q4 2017 Earnings CallQ4 17
Spectrum Brands Holdings IncSPB US9:00Q4 2017 Earnings CallQ4 17
Cummins IncCMI US9:00Analyst Day
L Brands IncLB US9:00Q3 2018 Earnings CallQ3 18
Wal-Mart Stores IncWMT US9:00Q3 2018 Earnings Call - Follow-Up CallQ3 18
Liberty Interactive Corp QVC GroupQVCA US9:10Investor Meeting
Berry Global Group IncBERY US10:00Q4 2017 Earnings CallQ4 17
Broadridge Financial Solutions IncBR US10:00Annual General Meeting
Charter Communications IncCHTR US10:20Investor Meeting
Liberty Broadband CorpLBRDA US10:20Investor Meeting
Liberty Expedia Holdings IncLEXEA US10:40Investor Meeting
TripAdvisor IncTRIP US10:50Investor Meeting
Helmerich & Payne IncHP US11:00Q4 2017 Earnings CallQ4 17
Royal Gold IncRGLD US11:00Annual General Meeting
Hain Celestial Group Inc/TheHAIN US11:00Annual General Meeting
Lincoln National CorpLNC USAnalysts and Investors Meeting
Humana IncHUM USInvestor Meeting
Equifax IncEFX USInvestor Meeting
Coca-Cola Co/TheKO US12:30Investor Day
Liberty Media Corp-Liberty SiriusXMLSXMA US13:00Investor Meeting
Live Nation Entertainment IncLYV US13:00Investor Meeting
Sirius XM Holdings IncSIRI US13:00Investor Meeting
Liberty Media Corp-Liberty Formula OneFWONA US13:00Investor Meeting
Ross Stores IncROST US13:15Q3 2018 Earnings CallQ3 18
Rockwell Automation IncROK US14:00Investor Meeting
Post Holdings IncPOST USAft-mktQ4 2017 Earnings ReleaseQ4 170.923
Ross Stores IncROST US16:00Q3 2018 Earnings ReleaseQ3 180.67
Williams-Sonoma IncWSM USAft-mktQ3 2018 Earnings ReleaseQ3 180.838
Applied Materials IncAMAT USAft-mktQ4 2017 Earnings ReleaseQ4 170.904
Splunk IncSPLK USAft-mktQ3 2018 Earnings ReleaseQ3 180.136
Gap Inc/TheGPS US16:15Q3 2018 Earnings ReleaseQ3 180.542
Applied Materials IncAMAT US16:30Q4 2017 Earnings CallQ4 17
Splunk IncSPLK US16:30Q3 2018 Earnings CallQ3 18
Gap Inc/TheGPS US17:00Q3 2018 Earnings CallQ3 18
Williams-Sonoma IncWSM US17:00Q3 2018 Earnings CallQ3 18
ResMed IncRMD US18:00Annual General Meeting