Thursday, May 12, 2011

Barchart Morning Call 5/11

Barchart Morning Call
Overnight Developments
  • Global stocks are lower with the European Euro Stoxx 50 down -1.13% and June S&Ps down -7.00 points. The dollar and Treasuries are stronger, with the dollar index at a 3-1/2 week high, while commodities slumped, with copper dropping to a 5-1/4 month low. Crude oil declined over -$2 a barrel after the IEA cut its 2011 global oil demand forecast by -190,000 barrels a day saying "high oil prices have finally begun to dent demand." Stock prices fell as China raised banks reserve ratio requirements again and after European factory output unexpectedly declined in March. Mar Euro-Zone industrial production fell -0.2% m/m and rose +5.3% y/y, weaker than expectations of +0.3% m/m and +6.3% y/y. The euro slipped to a 1-1/4 month low against the dollar amid speculation Greece may have to restructure its debt after ECB Executive Board member Tumpel-Gugerell said other countries will be asked to help Greece as the country will need "longer" to be able to refinance itself via the markets. The British pound fell to a 3-week low against the dollar after Mar UK industrial production increased +0.3% m/m and +0.7% y/y, weaker than expectations of +0.7% m/m and +1.1% y/y.
  • The Asian stock markets today closed mostly lower with Japan down -1.50%, Hong Kong -0.94%, China -1.38%, Taiwan +0.15%, Australia -1.76%, Singapore -1.47%, South Korea -2.19%, India -1.34%. A slump in commodities fueled declines in Asia-Pacific markets led by losses in mining companies and raw material producers on concern demand for commodities will wane as global central banks tighten their monetary policies. The Australian dollar fell as markets cut back their expectations for an RBA rate hike next month after Apr Australian employment unexpectedly fell -22,100, weaker than an expected increase of +17,000 and the biggest decline in 2 years. After the Asian markets closed, the PBOC raised banks' reserve requirements by 50 bp to 21% for the biggest lenders effective May 18.
Overnight U.S. Stock News
  • June S&Ps this morning are trading down -7.00 points. The US stock market yesterday moved steadily lower throughout the day and finished with large losses on concern that an acceleration of global inflation will lead to higher interest rates: Dow Jones -1.02%, S&P 500 -1.11%, Nasdaq Composite -0.93%. Bearish factors for stocks included (1) global inflation concerns after Apr China consumer prices rose more than expected, Apr German CPI was unexpectedly revised up to a 2-1/2 year high and the BOE said in its quarterly inflation report that inflation remains "uncomfortably high," (2) the larger than expected Mar US trade deficit which widened by the most in 9 months and is GDP negative (-$48.2 billion versus expectations of -$47.0 billion), (3) comments from Cleveland Fed President Pianalto who said the US labor market is still a "long way" from healthy, and (4) weakness in energy and commodity producers as a stronger dollar prompted a sell-off in commodities.
  • Bullish factors included (1) the action by Deutsche Bank AG to raise its 2011 profit estimates for S&P 500 companies to $99 a share, up from an earlier forecast of $96, and to hike its 2012 profit estimate to $106 a share from $102, citing Q1 profit margins and sales that have beaten estimates, and (2) comments from Atlanta Fed President Lockhart who said the economy shows signs of "improving quality" and that he expects 3%-4% GDP growth over the "next couple of years."
  • Cisco Systems (CSCO) fell 3% in pre-market trading after the company forecast profit and sales that may miss analysts' estimates and after CEO Chambers abandoned a 4-year old forecast for annual sales growth of 12% to 17% as weak demand forced him to cut jobs and exit businesses.
Today's Market Focus
  • June 10-year T-notes this morning are up +5 ticks. T-note prices yesterday erased early losses and closed higher as the stock market plunged and after decent demand was seen at the Treasury's $24 billion auction of 10-year T-notes: TYM11 +10/5, FVM11 +7.2, EDU11 +0.5. Bullish factors included (1) increased safe-haven demand for Treasuries as the stock market plummeted, and (2) strong demand for the Treasury's $24 billion auction of 10-year T-notes that were auctioned at a yield of 3.21%, below the 3.22% the market was expecting. Bearish factors included (1) global inflation concerns after Apr China consumer prices rose more than expected, Apr German CPI was unexpectedly revised up to a 2-1/2 year high and the BOE said in its quarterly inflation report that inflation remains "uncomfortably high," and (3) supply pressures ahead of the Treasury's $16 billion auction of 30-year T-bonds on Thursday.
  • The dollar index this morning is stronger and at a 3-1/2 week high with the dollar/yen -0.13 yen and the euro/dollar -0.46 cents. The dollar index yesterday climbed to a 3-week high on increased safe-haven demand as the stock market fell on concern that European leaders are balking at providing Greece with additional aid: Dollar Index +0.716, USDJPY +0.169, EURUSD -0.02176. Bullish factors included (1) weakness in the euro which fell to a 3-week low against the dollar after German Chancellor Merkel said Greece needs to stay the course on its budget-cutting program to deserve an extension of the 110 billion-euro ($158 billion) bailout granted last year, which fuels concern that European leaders are hesitating in granting Greece additional aid, which may force Greece to restructure its debt, and (2) increased safe-haven demand for the dollar as the stock market fell. Bearish factors included (1) concern that the ECB may tighten monetary policy further after Apr German consumer prices were unexpectedly revised up to a gain of +2.7% y/y, a 2-1/2 year high, and (2) the larger-than-expected Mar US trade deficit which widened to its most in 9 months (-$48.2 billion) and is dollar negative.
  • June crude oil prices this morning are trading down -$2.17 a barrel and June gasoline is -4.68 cents per gallon after the IEA cut its 2011 global oil demand forecast. Crude oil and gasoline prices yesterday tumbled as the dollar strengthened and after US crude supplies rose to a 2-year high: CLM11 -$5.67, RBM11 -25.69. Bearish factors included (1) the rally in the dollar index to a 3-week high, which reduces investment demand in commodities, (2) the larger-than-expected increase in weekly DOE crude inventories to their highest level in 2 years (+3.78 million bbl to 370.3 million bbl versus expectations of +1.5 million bbl), (3) the unexpected increase in weekly gasoline supplies which rose for the first time in 12 weeks (+1.27 million bbl versus expectations of -500,000 bbl), (4) slack demand after total US fuel demand slipped -0.9% w/w to 18.2 million barrels a day, the lowest in 23 months, and (5) concern that Chinese fuel demand may slow on speculation it will further tighten monetary policy to cool price increases after Apr China consumer prices rose more than expected. Bullish factors included (1) the unexpected decrease in weekly distillate inventories (-843,000 bbl versus expectations of no change), and (2) concern that the worst flooding of the Mississippi River in 75 years might limit US gasoline supplies as it may force the closure of 11 refiners between New Orleans and Baton Rouge with a combined capacity of 2.5 million barrels a day, or 13% of US output.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) PCP-Precision Castparts (BEST earnings consensus $1.91), KSS-Kohls (0.73), CA-CA Inc. (0.50), NVDA-Nvidia (0.19), JWN-Nordstrom (0.67), APO-Apollo Global Management LLC (0.80), FLT-FleetCor Technologies (0.41), TK-Teekay (-0.42), TGP-Teekay LNG Partners LP (0.45), SPWRA-SunPower (0.16), GA-Giant Interactive Group (0.14), DAR-Darling International (0.30), ENS-EnerSys (0.71), DRYS-DryShips (0.17), MIDD-Middleby (0.98).
Global Financial Calendar
Thursday 5/12/11
United States
0830 ET Weekly initial unemployment claims expected -44,000 to 430,000, previous +43,000 to 474,000. Weekly continuing claims expected -33,000 to 3.700 million, previous +74,000 to 3.733 million.
0830 ET Apr PPI expected +0.6% m/m and +6.5% y/y, Mar +0.7% m/m and +5.8% y/y. Apr PPI ex food & energy expected +0.2% m/m and +2.1% y/y, Mar +0.3% m/m and +1.9% y/y.
0830 ET Apr retail sales expected +0.6% and +0.6% less autos, Mar +0.4% and +0.8% less autos.
0830 ET Philadelphia Fed President Charles Plosser speaks on the economic outlook at the New Jersey Bankers Association ?Opportunities in the New Decade? event in Aventura, FL.
1000 ET Mar business inventories expected +0.9%, Feb +0.5%.
1000 ET Fed Chairman Ben Bernanke testifies at a Senate Banking Committee hearing on ?Oversight of Dodd-Frank Implementation: Monitoring Systemic Risk and Promoting Financial Stability?
1100 ET Treasury announces amount of 10-year TIPS to be auctioned May 19.
1300 ET Treasury auctions $16 billion 30-year T-bonds.
1630 ET Weekly money supply report and Fed balance sheet.
2000 ET Fed Chairman Ben Bernanke delivers brief remarks at an award ceremony in Washington D,C, (prepared text-no Q&A).
Japan
0100 ET Apr Japan Eco Watchers survey current, Mar 27.7. Apr Eco Watchers survey outlook, Mar 26.6.
0200 ET Preliminary Apr Japan machine tool orders, Mar +49.6% y/y.
France
0130 ET Apr French CPI (EU harmonized) expected +0.4% m/m and +2.3% y/y, Mar +0.9% m/m and +2.2% y/y.
Euro-Zone
0400 ET ECB publishes monthly report for May.
0500 ET Mar Euro-Zone industrial production expected +0.3% m/m and +6.3% y/y, Feb +0.5% m/m and +7.5% y/y.
0530 ET ECB Executive Board member Jose Manuel Gonzalez-Paramo speaks at a conference on ?The European Union and Lessons from the Crisis-The Way Forward.?
United Kingdom
0430 ET Mar UK industrial production expected +0.7% m/m and +1.1% y/y, Feb -1.2% m/m and +2.4% y/y.
0430 ET Mar UK manufacturing production expected +0.3% m/m and +2.8% y/y, Feb unchanged m/m and +4.9% y/y.
Canada
0830 ET Mar Canada new housing price index, Feb +0.4% m/m and +2.1% y/y.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Adobe Systems - Barchart Chart of the Day

Barchart.coms Chart of the Day - Adobe Systems (ADBE)
Related Stocks
 ADBE - Adobe Systems Incorporated
Sym Last Chg Pct
ADBE 35.40 +0.65 +1.87%
The "Chart of the Day" is Adobe Systems (ADBE), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Adobe on Wednesday rallied by 1.87% and posted a new 1-year high. In recent news on the stock, Morgan Stanley on May 11 named Adobe as a long Research Tactical idea. Adobe Systems, with a market cap of $17 billion, is a provider of graphic design, publishing, and imaging software for Web and print production.

adbe_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 10% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

Wednesday, May 11, 2011

Even Paula Deen can't save Smithfield Foods -- sell

This morning on Barchart I detected sell signals on Smithfield Foods (SFD).  Even Paula Deen endorsements can keep the spiral ham company from spiraling downward.


Technical sell signals
  • 72% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below 20, 50 and 100 day moving averages
  • 18.57% off its recent high
  • Relative Strength Index 20.13% and tanking

Nucor - NUE - sell signals

This morning I detected sell signals on Barchart for Nucor (NUE).


Technical sell signals:
  • 80% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below 20, 50 and 100% day moving averages
  • 9.49% off its recent high
  • Relative Strength Index 40.78% and falling

Well-Gardner Electronics - WGA - sell signal

This morning I detected sell signals on Barchart and deleted Wells-Gardner Electronics (WGA) from the Barchart Van Meerten Speculative portfolio.


Technical sell signals:
  • 72% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below 20, 50 and 100 day moving averages
  • Off 36.86% from its recent high
  • Relative Strength Index 45.91%

Barchart Morning Call 5/10

Barchart Morning Call
Overnight Developments
  • Global stocks are mostly higher with the European Euro Stoxx 50 up +0.63% and June S&Ps up +1.40 points. The dollar is higher, Treasuries are weaker and commodities are mixed. The British pound rose against the dollar after the BOE said that inflation remains "uncomfortably high." In its quarterly inflation report, the BOE said "there is a good chance that inflation will reach 5% this year and it is more likely than not to remain above the 2% target throughout 2012." The euro weakened against the dollar on speculation European leaders are slowing the drive to grant Greece additional aid after German Chancellor Merkel said Greece needs to stay the course on its budget-cutting program to deserve an extension of the 110 billion-euro ($158 billion) bailout granted last year. German inflation accelerated more than estimated last month after the Apr German CPI was revised up to +2.7% y/y, higher than the +2.6% y/y originally reported and a 2-1/2 year high.
  • The Asian stock markets today closed mixed with Japan up +0.46%, Hong Kong -0.19%, China -0.26%, Taiwan -0.03%, Australia +1.15%, Singapore +0.66%, South Korea +1.31%, India +0.39%. Japanese stocks closed higher, led by gains in exporters, after the yen weakened against the dollar, while Chinese stocks closed lower after inflation rose more than expected and China's factory output rose less than expected. Apr China consumer prices climbed +5.3% y/y, stronger than expectations of +5.2% y/y, while Apr China industrial production rose +13.4% y/y, weaker than expectations of +14.6% y/y. The PBOC may be prompted to tighten monetary policy further after new lending in China also exceeded expectations with Apr China new loans at 739.6 billion yuan ($114 billion), higher than estimates of 700 billion yuan. South Korea's Kospi Stock Index closed higher after South Korea's unemployment rate fell to a 3-month low of 3.6% in Apr.
Overnight U.S. Stock News
  • June S&Ps this morning are trading up +1.60 points. The US stock market yesterday finished with moderate gains on strong company earnings results and increased M&A activity: Dow Jones +0.60%, S&P 500 +0.81%, Nasdaq Composite +1.01%. The Nasdaq posted a 1-week high. Bullish factors for stocks included (1) carry-over support from a rally in European stocks on reduced European debt concerns after the Greek newspaper Kathimerini reported that the IMF is arranging a package of as much as 100 billion euros ($144 billion) to replace Greece's existing bailout, (2) carry-over support from a rally in Chinese stocks after Apr China exports climbed +29.9% to a record $156 billion, stronger than expectations and a sign that the global economic recovery may be sustained, (3) strong company earnings results as 72% of the 423 S&P 500 companies that have reported earnings results since Apr 11 have beaten analysts' estimates, and (4) increased M&A activity as there has been 8,744 deals announced globally this year totaling $883.63 billion, up +26% from the $699.13 billion in the same period in 2010.
  • Bearish factors included (1) inflation concerns after the stronger-than-expected Apr import prices (+2.2% m/m and +11.1% y/y versus expectations of +1.8% m/m and +10.4% y/y), and (2) comments from Richmond Fed President Lacker who said US "home prices are likely to remain under pressure" and that many sectors of the economy remain in the "doldrums."
  • Johnson & Johnson (JNJ) rose 1.0% in European trading after Goldman Sachs raised its recommendation for the shares to "buy" from "neutral," predicting the company's earnings will grow 9 to 10% over the next 3 years from growth of 2 to 3% over the previous two.
  • Walt Disney (DIS) fell 2.6% in European trading after the company reported Q2 profit of 49 cents a share, below analysts' estimates of 58 cents.
Today's Market Focus
  • June 10-year T-notes this morning are down -8.5 ticks. T-note prices yesterday traded sideways to lower throughout the day as stock market strength along with strong import prices weakened T-note prices: TYM11 -12, FVM11 -8.5, EDU11 +1.0. Bearish factors included (1) the stronger-than-expected Apr import prices (+2.2% m/m and +11.1% y/y versus expectations of +1.8% m/m and +10.4% y/y), (2) a rally in stocks which reduced the safe-haven demand for Treasuries, and (3) supply pressures ahead of the Treasury's $24 billion auction of 10-year T-notes on Wednesday. Bullish factors included (1) comments from Richmond Fed President Lacker who said US "home prices are likely to remain under pressure" and that many sectors of the economy remain in the "doldrums," and (2) strong demand for the Treasury's $32 billion auction of 3-year T-notes that had a bid-to-cover ratio of 3.29, stronger than the 3.16 average of the last 12 auctions.
  • The dollar index this morning is slightly higher with the dollar/yen +0.13 yen and the euro/dollar -0.45 cents. The dollar index yesterday fluctuated between small gains and losses throughout the day and finished slightly lower as strong equity prices reduced the safe-haven demand for the dollar while concerns over the solvency of Greece underpinned the dollar: Dollar Index -0.126, USDJPY +0.524, EURUSD +0.00441. Bearish factors included (1) reduced safe-haven demand for the dollar as stock prices firmed, and (2) the report from the Greek newspaper Kathimerini that the IMF is arranging a package of as much as 100 billion euros ($144 billion) to replace Greece's existing bailout, which reduced European sovereign-debt concerns. Bullish factors included (1) the unexpected declines in Mar French industrial and manufacturing production, which is euro negative, and (2) the view from the chief economist at Citigroup that any further lending to Greece would be futile and amount to "Ponzi finance" as it only buys more time until Greece must restructure its debt.
  • June crude oil prices this morning are trading down -72 cents a barrel and June gasoline is -5.39 cents per gallon. Crude oil and gasoline prices yesterday finished higher on strong China exports and from a rally in gasoline after Jun gasoline climbed to a 1-week high amid concern that flooding of the Mississippi River will disrupt fuel production and distribution: CLM11 +$1.33, RBM11 +10.13. Bullish factors included (1) the strength in Apr China exports which rose to a record and indicates economic strength that is positive for energy consumption and demand, (2) strength in gasoline on concern that the worst flooding of the Mississippi River in 75 years may shut 11 refiners between New Orleans and Baton Rouge with a combined capacity of 2.5 million barrels a day, or 13% of US output, and (3) the rally in equities, which bolsters optimism in the economic outlook and energy demand. Bearish factors included (1) the action by CME Group to raise trading margins on crude oil and energy futures traded on NYMEX, which may lead to liquidation of positions by investors to raise funds, and (2) the outlook for US crude supplies to increase to near a 2-year high when the DOE releases weekly inventory figures on Wed. Expectations for the weekly DOE inventories are crude oil supplies to increase +1.5 million bbl, gasoline stockpiles to fall -500,000 bbl, distillate inventories to remain unchanged and the refinery utilization rate to rise +0.4 to 83.2%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) CSCO-Cisco Systems (BEST earnings consensus $0.37), SYMC-Symantec (0.36), M-Macy's (0.18), SINA-Sina Corp. (0.26), TWTC-TW Telecom (0.09), IOC-Interoil (0.17), SFUN-SouFun Holdings (0.13), AH-Accretive Health (0.05), OAS-Oasis Petroleum (0.15), QUAD-Quad Graphics (1.16), HII-Huntington Ingalls Industries (0.96), SPB-Spectrum Brands Holdings (-0.11), IL-IntraLinks Holdings (0.10), CYD-China Yuchai International Ltd. (1.29), ACXM-Acxiom (0.20).



Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Genuine Parts - GPC - Barchart Chart of the Day

Barchart.com's Chart of the Day - Genuine Parts Co. (GPC)
Related Stocks
 GPC - Genuine Parts Company
Sym Last Chg Pct
GPC 54.84 -0.38 -0.69%
The "Chart of the Day" is Genuine Parts Co. (GPC), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also on the Barchart "All Time High" list. Genuine Parts on Tuesday rallied by 1.58% and posted a new all-time high of $55.30. In recent news on the stock, Genuine Parts on April 15 reported Q1 EPS of 80 cents versus the consensus of 75 cents. Goldman Sachs downgraded Genuine Parts on April 21 to Sell from Neutral and cut its target to $52 from $56 due to valuation and slower earnings growth, although that did not stop Genuine Parts from rallying to a new all-time high. Genuine Parts, with a market cap of $8.4 billion, is a distributor of automotive replacement parts in the U.S., Canada and Mexico.

gpc_700_01
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 10% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

Tuesday, May 10, 2011

Would you gamble on Bally?

While screening on Barchart for stocks having current upward momentum I can across Bally Technologies (BYI).  The stock looks like a turnaround situation.  35% of revenue comes from new gaming equipment and at the present time new casinos aren't coming on line.  In a few years as the economy recovers that's where the turnaround may set in.  The rest of the revenue stream is from gaming operations and gaming related software and systems, these revenue streams look more stable.  Price momentum is why I'm looking at this issue.


Bally Technologies (BYI) formerly Alliance Gaming Corp. is a diversified, worldwide gaming company that designs, manufactures and distributes gaming machines and computerized monitoring systems for gaming machines, owns and manages a significant installed base of gaming machines, owns and operates casinos and in Germany, is a full-service supplier of wall-mounted gaming machines and amusement games. The company has achieved a leading market position for each of its business units.

Factors to consider:

Technical Factors:
  • 100% Barchart short term technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 5.13% in the last month
  • Relative Strength Index 71.47% and rising
  • Trades around 40.51 with a 50 day moving average of 37.34
Fundamental Factors:
  • 16 Wall Street brokerages are following this issue
  • Brokerage analysts have issued 6 strong buy, 4 buy, 8 hold and an under perform recommendation for their clients
  • Sales are expected to decrease by 3.90% this year but increase by 11.30% next year
  • Earnings should decrease by 16.10% this year but turn around and increase by 37.20% next year and 15.00% annually for the next 5 years
  • Hopefully, this turn around in the direction of revenue and earnings will also equate to an increase in price
General Investor Sentiment:
  • Wide and positive measured by opinions expressed on Motley Fool where 228 readers have an opinion on this issue
  • The CAPS members vote 128 to 46 for this stock to beat the market
  • The more experienced All Stars vote 38 to 16 for the same result
Summary:  This issue is not a sure thing. All assumptions seem to imply that if the economy turns around new gambling locations will come on line and old ones may be remodeled and expanded.  If that happens they will need new equipment and Bally is positioned to provide that.

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on  Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Should you be serious about Sirius?

Normally I do not like to follow penny stocks (stocks under $5).  They are hard to get financial information on and aren't followed by the brokerage firms.  There are bottom feeding vultures that like to short penny stocks then bombard the Internet with negative info so the stock tanks then they close their positions before the issue recovers.  Sirius XM Radio (SIRI) is an exception. It came up on my Barchart screener when I was looking for stocks trading over 100K shares and hitting frequent new highs.  The momentum and sales and earnings projection are worth watching.


Sirius Satellite Radio (SIRI) is building a digital satellite radio system that will broadcast up to 100 channels of music and entertainment programming to motorists throughout the continental United States. The company plans to offer channels of commercial-free music and channels of news, sports and entertainment programming for a monthly subscription fee. Sirius Satellite Radio has an exclusive agreement with Ford Motor Company to install Sirius receivers in Ford vehicles.  The company has an advantage of being an offering in new vehicles and sells not only the services but the equipment as well.

Factors to Consider:

Technical Factors:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 25.57% in the last month
  • Relative Strength Index is 72.39% and climbing
  • Trades around 2.21 with a 50 day moving average of 1.84
Fundamental Factors:
  • Although this is a penny stock (under $5) it is followed by 10 Wall Street brokerages
  • Brokerage analysts have released 4 strong buy, 4 buy and 4 hold recommendations for aggressive investors
  • Sales are expected to increase by 8.10% this year and 10.60% next year
  • Earnings projections are very aggressive with estimates of an increase of 200.00% this year, 66.70% next year and over 30.00% annually for the next 5 years.
  • Many of these projection are tied to the increase in new car sales that have this radio as a standard offering
General Investor Sentiment:
  • One of the most widely followed penny stocks on Motley Fool with 5,856 readers giving an opinion
  • CAPS members vote 4,161 to 960 that the stock will beat the market
  • The more experienced All Stars vote 533 to 202 for the same result
Summary:  Even though this is a widely followed and positively rated stock by both the professional and individual investor it is a penny stock with over 270 million shares shorted which equates to about 5 1/2 days volume.  This is a stock for only the most aggressive and seasoned investor or better yet speculator and should only be purchased with a stop loss in place.  In adding it to my Barchart Van Meerten Speculative portfolio.

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on  Barchart.com  in his daily blog -- Barchart Portfolio Blogs.


Virgin Media VMED added

This morning I was screening on Barchart for stocks trading over 100K shares a day that have been hitting the most frequent new highs in the last 20 sessions and Virgin Media (VMED) was near the top of the list.  The stock has been up 15 days and 15.97% in the last month and has great price momentum. The position was added to the Barchart Van Meerten New High portfolio.


Virgin Media Inc., (VMED) through its subsidiaries, provides of entertainment and communications services in the United Kingdom. The company operates through three segments: Consumer, Business, and Content. The Consumer segment offers cable broadband Internet, television, and fixed line telephone services under the Virgin Media brand to residential customers; mobile telephony services through Virgin Mobile, a mobile virtual network operator; and broadband and telephone services to residential customers through third-party telecommunications networks. The Business segment provides a portfolio of voice, data, and Internet solutions to commercial customers, including analog telephony and managed data networks and applications, as well as supplies communications services to emergency services providers. The Content segment operates various television channels, including Virgin1, Living, Bravo, Challenge, and Challenge Jackpot; and owns a 50% interest in the companies that comprise the UKTV Group, a series of joint ventures with BBC Worldwide. The company was formerly known as NTL Incorporated and changed its name to Virgin Media Inc. in February 2007. The company was founded in 1993 and is based in New York, New York. (Yahoo Finance Profile)

Factors to Consider

Technical Factors:

  • 96% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 15.97% in the last month
  • Relative Strength Index 75.08% and climbing
  • Trades around 31.94 with a 50 day moving average of 28.21
Fundamental Factors:
  • Widely followed on Wall Street with over 19 brokerages following this stock
  • Brokerage analysts have issued 5 strong buy, 10 buy, 5 hold and only one sell recommendation.  The sell recommendation is very old and hasn't been updated recently
  • Sales consensus is an increase of 11.20% this year and 4.00% next year
  • Earnings projection are 178.20% this year, 223.00% next year and 6.70% annually for the next 5 years.  These are very aggressive estimates
General Investor Sentiment:
  • Investor following is fairly good for a foreign company and benefits from the Branson/Virgin aura
  • On Motley Fool CAPS members vote 124 to 75 that the stock will beat the market
  • The more experienced All Stars agree with a 58 to 19 vote
Summary:   This stock is in the all important media sector and has a decent US following.  I would invest but because of the very aggressive earnings projects I would use tight stop losses just in case these projections are not met as disappointment will settle in fast.


Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on  Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Barchart Morning Call 5/10

Barchart Morning Call
Overnight Developments
  • Global stocks are mostly higher with the European Euro Stoxx 50 up +0.90% and June S&Ps up +5.80 points. The dollar is higher and Treasuries are weaker, while commodities are mixed. European stocks received a boost after the Greek newspaper Kathimerini reported that the IMF is arranging a package of as much as 100 billion euros ($144 billion) to replace Greece's existing bailout, while ECB Executive Board member Bini Smaghi said allowing a Euro-Zone member to default on or restructure its debt would be "wrong." The cost to insure European sovereign debt fell for the first time in 4 days, with the Markit iTraxx SovX Index of credit-default swaps on 15 European governments falling 5.5 bp to 190 bp. The euro fell against the dollar after Mar French industrial production unexpectedly declined -0.9% m/m, weaker than expectations of a +0.4% m/m increase.
  • The Asian stock markets today closed mixed with Japan up +0.25%, China +0.75%, Taiwan -0.14%, Australia -0.65%, Singapore +0.62%, India -0.09%. China's Shanghai Stock Index closed higher and boosted other Asia-Pacific stock markets after Apr China exports climbed +29.9% to a record $156 billion, stronger than expectations of a +29.5% y/y increase. China's Apr trade balance rose to the highest this year as it surged to +$11.42 billion, higher than expectations of +$3.20 billion. The PBOC set the yuan's reference rate at 6.495 per dollar, a record high for the third day ahead of the final day of an annual economic meeting between US and Chinese officials in Washington. Asian stocks also received a lift from strength in commodity prices, which prompted gains in energy and raw-material producers and bolstered confidence in the global economic outlook.
Overnight U.S. Stock News
  • June S&Ps this morning are trading up +5.80 points. The US stock market yesterday settled modestly higher as gains in energy and raw material producers offset heightened European debt concerns after S&P cut Greece's credit rating: Dow Jones +0.36%, S&P 500 +0.45%, Nasdaq Composite +0.55%. Bullish factors for stocks included (1) strength in mining stocks and energy and raw-material producers after commodity prices rallied sharply, (2) data from the New York Fed that showed the Q1 delinquency rate on US households fell to 10.5%, down from 10.8% in Q4 and the fifth straight quarterly decline, and (3) strong company earnings results as 72% of the 421 S&P 500 companies that have reported earnings results since Apr 11 have beaten analysts' estimates.
  • Bearish factors included (1) carry-over weakness from a slump in European stocks on increased sovereign-debt concerns after S&P cut Greece's credit rating 2 levels to B from BB- and said further reductions are possible, and (2) a drop in chipmakers after Wells Fargo said the inventory of semiconductor chips rose in Q1 and that memory prices continue to fall.
  • Microsoft (MSFT) rose 1% in European trading after people involved with the matter said Microsoft is in talks to buy Skype Technologies Sa in a deal valued at about $8.5 billion.
Today's Market Focus
  • June 10-year T-notes this morning are down -6.5 ticks. T-note prices yesterday erased early losses and closed higher on increased safe-haven demand after S&P cut Greece's credit rating: TYM11 +6, FVM11 +4.7, EDU11 +1.0. Bullish factors included (1) increased safe-haven demand for Treasuries after S&P cut Greece's credit rating 2 levels to B from BB- and said further reductions are possible, (2) concern the European sovereign-debt crisis may worsen, which boosted safe-haven demand for Treasuries after credit-default swaps to insure Greek and Irish government debt rose to records, and (3) the Fed's action to purchase $7.24 billion of Treasuries as part of its QE2 asset-purchase program. Bearish factors included (1) strength in stocks which reduced the safe-haven demand for Treasuries, and (2) supply pressures ahead of the Treasury's $32 billion auction of 3-year T-notes on Tuesday.
  • The dollar index this morning is stronger with the dollar/yen +0.29 yen and the euro/dollar -0.27 cents. The dollar index yesterday fell back from a 2-1/2 week high and closed lower on speculation the ECB will continue to raise interest rates despite an escalation in European sovereign-debt concerns: Dollar Index -0.104, USDJPY -0.272, EURUSD +0.00503. Bearish factors included (1) strength in Mar German exports which rose more than expected to their highest level since records began in 1950 and is euro supportive, and (2) stock market strength that sapped the safe-haven demand for the dollar. Bullish factors included (1) early weakness in the euro after S&P cut Greece's credit rating 2 levels to B from BB- and said further reductions are possible, (2) weakness in the British pound which fell to a 2-1/2 week low against the dollar after the Confederation of British Industry lowered its economic growth estimates for the UK to 1.7% annualized from a Feb forecast of 1.8% annualized, and (3) the larger-than-expected decline in the May Euro-Zone Sentix investor confidence which fell to its lowest level in 4 months and is euro negative.
  • June crude oil prices this morning are trading down -75 cents a barrel and June gasoline is up +9.31 cents per gallon. Jun gasoline climbed to a 1-week high in overnight trade amid concern that flooding of the Mississippi River will disrupt fuel production and distribution. Crude oil and gasoline prices yesterday closed sharply higher on signs the global economic recovery remains intact: CLM11 +$5.37, RBM11 +18.83. Bullish factors included (1) the increase in Mar German exports to a record, which signals economic strength and is positive for energy consumption and demand, (2) the warning from Petromatrix Gmbh that US supplies of crude and petroleum products may be curtailed by record high water levels on the Mississippi river that may also force a closure of riverside refineries, (3) comments from Qatar's Oil Minister who said the world economy isn't weak enough to justify a freefall in crude prices, and (4) the action by JPMorgan Chase to raise the WTI crude oil price forecast for 2011 to $109.50 a barrel from $99 because OPEC and other producers aren't matching rising demand and consumers will take time to react to higher prices. Bearish factors included (1) the early rally in the dollar index to 2-1/2 week high, which eroded investment demand in commodities, and (2) concern the European debt crisis may worsen and start to negatively effect fuel demand after S&P cut Greece's debt rating 2 levels to B on restructuring concerns.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) DIS-Walt Disney (BEST earnings consensus $0.56), EPD-Enterprise Products Partners (0.45), NUAN-Nuance Communications (0.31), FOSL-Fossil (0.66), MCP-Molycorp (0.10), ROVI-Rovi Corp. (0.51), MDR-McDermott International (0.28), IFF-International Flavors & Frangrances (0.94), NRGY-Inergy LP (0.88), TDG-TransDigm Group (0.51), CHKM-Chespeake Midstream Partners (0.30), URS-URS Corp. (0.84), BKD-Brookdale Senior Living (-0.02), BR-Broadridge Financial Solutions (0.20), DEP-Duncan Energy Partners LP (0.39), WEN-Wendy's/Arby's Group (0.02), DF-Dean Foods (0.06), MBI-MBIA (-0.18).
Global Financial Calendar
Tuesday 5/10/11
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET Apr import price index expected +1.8% m/m and +10.4% y/y, Mar +2.7% m/m and +9.7% y/y.
0855 ET Redbook weekly retailer sales.
0930 ET Fed Governor Elizabeth Duke speaks at a conference on ?Exploring Innovation? on community development finance in St. Louis.
1000 ET May IBD/TIPP economic optimism expected +1.0 to 41.8, Apr -2.2 to 40.8.
1000 ET Mar wholesale inventories expected +1.0%, Feb +1.0%.
1130 ET Weekly 4-week T-bill auction.
1245 ET Richmond Fed President Jeffrey Lacker speaks on the economic outlook to business leaders at a luncheon in Arlington, VA.
1300 ET Treasury auctions $32 billion 3-year T-notes.
France
0245 ET Mar French industrial production expected +0.4% m/m and +4.7% y/y, Feb +0.4% m/m and +5.6% y/y.
0245 ET Mar French manufacturing production expected +0.4% m/m and +5.9% y/y, Feb +0.7% m/m and +7.2% y/y.
Euro-Zone
0500 ET ECB Executive Board member Lorenzo Bini Smaghi speaks at an event in Florence Italy.
0930 ET EU Economic and Monetary Affairs Commissioner Olli Rehn gives a press conference on the bailout package for Portugal.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Jos A Banks - JOSB - Barchart Chart of the DAY

Barchart.com's Chart of the Day - Joseph A Bank Clothiers (JOSB)
Related Stocks
 JOSB - Jos. A. Bank Clothiers
Sym Last Chg Pct
JOSB 52.84 +0.81 +1.56%
The "Chart of the Day" is Joseph A Bank Clothiers (JOSB), which showed up on Monday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. JOSB on Monday rallied by 1.56%. Monday's daily high of $53.35 was just 4 cents below last Thursday's all-time high of $53.39. A decisive rally above last Thursday's all-time high of $53.39 would be a particularly bullish technical development. In recent news on the stock, JOSB on March 30 report FY2011 EPS of $3.08 versus the consensus of $3.04. Joseph A Bank, with a market cap of $1.4 billion, is a retailer and cataloger of men's tailored and casual clothing and accessories.

josb_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 75% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 88% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

Monday, May 9, 2011

Cotton sell signals

This morning on Barchart I detected sell signals on the Cotton ETF (BAL).

Technical sell signals:
  • 80% Barchart short term sell signal
  • Trend Spotter sell signal
  • Below 20, 50 and 100 day moving averages
  • 31.65% off its recent high
  • Relative Strength Index 31.00% and falling

Emerson Radio isn't making progress

Emerson Radio (MSN) isn't making any upward price momentum on Barchart and has some sell signals.


Technical sell signals:
  • 80% Barchart short term sell signal
  • Trend Spotter sell signal
  • Below 20 and 50 day moving averages
  • 19.59% off its recent high
  • Relative strength Index 42.98% and falling

Hudson Highland sell signal

This morning on Barchart I detected sell signals on Hudson Highland (HHGP) and deleted it from the Barchart Van Meerten Speculative portfolio.


Technical signals:
  • 100% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 28.41% off its recent high
  • Relative strength Index 30.70% and falling

Employers Holdings -- sell signals

This morning I detected sell signals on Barchart from Employers Holdings (EIG) and deleted it from the Barchart Van Meerten New High portfolio.


Technical Factors:
  • 100% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 22.43% off its recent high

Barchart Morning Call 5-9

Barchart Morning Call
Overnight Developments
  • Global stocks are mixed with the European Euro Stoxx 50 down -0.64% and June S&Ps are up +6.20 points. The dollar and Treasuries are lower and commodities are higher with crude oil up over +$3.00 a barrel. Weakness in banks is leading European stocks lower on increased European sovereign-debt concerns with credit-default swaps insuring Greek government debt for 5 years climbing 19 bp to a record 1,360 bp. In an unannounced meeting on May 6, the European Union agreed to review the terms of the 110 billion-euro ($158 billion) bailout plan that Greece received last year with Jean-Claude Juncker, head of the European finance ministers, saying Greece "does need a further adjustment program." Also undercutting stock prices was the decline in the May Euro-Zone Sentix investor confidence which fell -3.3 to 10.9, its lowest level in 4 months and greater-than-expectation of a -0.4 decline to 13.8. The euro strengthened against the dollar after Mar German exports surged +7.3% m/m to 98.3 billion euros ($141.4 billion), stronger than expectations of +1.1% m/m and the most since records began in 1950.
  • The Asian stock markets today closed mixed with Japan down -0.66%, Hong Kong +0.76%, China +0.27%, Taiwan +0.65%, Australia +0.29%, Singapore +1.21%, South Korea -0.38%, India +0.05%. Asian energy-related and raw-material producing stocks closed higher after US jobs growth bolstered confidence in the economic outlook and halted a rout in commodity prices. Japanese stocks finished lower, led by declines among power companies, after Japanese Prime Minister Kan asked Chubu Electric Power to shut its Hamaoka nuclear plant because it was located close to an earthquake fault-line. Prime Minister Kan cited a government study that shows an 87% likelihood of a magnitude-8 quake striking the area within 30 years.
Overnight U.S. Stock News
  • June S&Ps this morning are trading up +6.20 points. The US stock market last Friday rallied sharply on the stronger-than-expected Apr nonfarm payrolls but then gave up most of their gains on speculation that Greece may leave the European Union: Dow Jones +0.43%, S&P 500 +0.38%, Nasdaq Composite +0.46%. Bullish factors for stocks included (1) the stronger-than-expected Apr nonfarm payrolls (+244,000 versus expectations of +185,000), (2) the larger-than-expected increase in Apr manufacturing payrolls (+29,000 versus expectations of +20,000), (3) the -1.1% decline in Q1 US bankruptcy filings, the third straight quarterly decline, and (4) reduced interest rate concerns after the 10-year T-note yield fell to a 5-month low of 3.129%.
  • Bearish factors included (1) the unexpected increase in the Apr unemployment rate (+0.2 to 9.0% versus expectations of unchanged at 8.8%), (2) renewed European sovereign-debt concerns after Der Spiegel magazine reported that Greece is considering reintroducing its own currency and may leave the European monetary union, and (3) weakness in energy and raw material producers after dollar strength fueled further declines in commodities as copper plunged to a 5-1/4 month low and crude oil fell to a 2-1/4 month low.
  • US Steel (X) rose 1.4% in European trading after Barron's reported the steelmaker may rise as much as 65% over the next year if the company posts higher earnings and limits any decline in prices.
Today's Market Focus
  • June 10-year T-notes this morning are down -3.5 ticks. T-note prices last Friday shook off early weakness from the strong Apr nonfarm payrolls report and moved higher on increased safe-haven demand due to speculation that Greece may leave the European Union: TYM11 +7, FVM11 +5.2, EDU11 -1.0. The 10-year T-note yield fell to a 5-month low of 3.129%. Bullish factors included (1) the unexpected increase in the Apr unemployment rate (+0.2 to 9.0% versus expectations of unchanged at 8.8%), (2) increased safe-haven demand for Treasuries after Der Spiegel magazine reported that Greece is considering reintroducing its own currency and may leave the European monetary union, and (3) comments from New York Fed President Dudley who said the US recovery is still a "considerable way" from the Fed's goals, which suggest he favors keeping the Fed's overly easy monetary policy in place. Bearish factors included (1) the stronger-than-expected Apr nonfarm payrolls (+244,000 versus expectations of +185,000), (2) the larger-than-expected increase in Apr manufacturing payrolls (+29,000 versus expectations of +20,000), and (3) early strength in stocks which sapped the safe-haven demand for Treasuries.
  • The dollar index this morning is weaker with the dollar/yen +0.12 yen and the euro/dollar +0.86 cents. The dollar index last Friday rallied to a 2-1/2 week high on strong Apr US nonfarm payrolls and on a report that Greece was considering leaving the Euro-Zone: Dollar Index +0.647, USDJPY +0.559, EURUSD -0.02249. Bullish factors included (1) the stronger-than-expected Apr US nonfarm payrolls which signals economic strength and is dollar supportive, and (2) weakness in the euro which fell to 2-week low against the dollar after Der Spiegel magazine reported that Greece is considering reintroducing its own currency and may stop using the euro. Bearish factors included (1) comments from New York Fed President Dudley who said the US recovery is still a "considerable way" from the Fed's goals, which suggest he favors keeping the Fed's overly easy monetary policy in place, and (2) the stronger-than-expected Mar German industrial production, which is euro supportive.
  • June crude oil prices this morning are trading up $3.12 a barrel and June gasoline is +9.66 cents per gallon. Crude oil and gasoline prices last Friday fluctuated on both sides of unchanged and finally settled lower as a rally in the dollar offset the strong Apr nonfarm payrolls report: CLM11 -$2.62, RBM11 -0.53. Jun crude fell to a 2-1/4 month low and Jun gasoline dropped to a 1-1/4 month low. Bearish factors included (1) the rally in the dollar index to 2-1/2 week high, which erodes investment demand in commodities, (2) technical selling with the drop in prices to a 2-1/4 month low, and (3) comments from Qatari Oil Minister Saleh Al who said crude supplies are "very healthy." Bullish factors included (1) the stronger-than-expected Apr US nonfarm payrolls and Mar German industrial production, which is positive for energy consumption and demand, and (2) the rally in the stock market which bolsters the outlook on the economy and fuel demand.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) SYY-Sysco (BEST earnings consensus $0.41), ATVI-Activision Blizzard (0.08), SRE-Sempra Energy (0.99), AES-AES Corp. (0.26), BAP-Credicorp Ltd. (1.85), TSN-Tyson Foods (0.44), RAX-Rackspace Hosting (0.12), SLH-Solera Holdings (0.61), BWC-Babcock & Wilcox (0.38), SUG-Southern Union (0.51), MWE-Markwest Energy Partners LP (0.38), BID-Sotheby's (0.04), MR-Mindray Medical International (0.35), AGO-Assured Guaranty Ltd. (0.81), HPT-Hospitality Properties Trust (0.33), GEN-GenOn Energy (-0.04).
Global Financial Calendar
Monday 5/9/11
United States
1100 ET USDA weekly grain export inspections.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
Germany
0200 ET Mar German trade balance expected +12.0 billion euros, Feb +12.1 billion euros. Mar exports expected +0.9%, Feb +2.8%. Mar imports expected +0.9%, Feb +4.0%.
France
0230 ET Apr Bank of France business sentiment expected unchanged at 110, Mar unchanged at 110.
Euro-Zone
0430 ET May Euro-Zone Sentix investor confidence expected -0.4 to 13.8, Apr -2.9 to 14.2.
Canada
0815 ET Apr Canada housing starts expected +183,000, Mar +185,100.
United Kingdom
1901 ET Apr UK RICS house price balance expected -23%, Mar -23%.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

McGraw Hill sell info

This morning while searching on Barchart for stocks having great current momentum I ran across an old favorite McGraw Hill (MHP).  McGraw-Hill Companies Inc. serves business, professional and educational markets around the world with information products and services. Key markets include finance, business, education, construction, medical and health, aerospace and defense. As a multimedia publishing and information company, the company employs a broad range of media, including books, magazines, newsletters, software, on-line data services, CD-ROMs, facsimile and television broadcasting.

The company is publisher of the popular Standard and Poors publications.  New acquisitions in the energy related information filed like Oil Price Information Services should offset some of the problems the company may have as school board across the country cut back on replacing textbook which account for 40% of their revenue.

Momentum looks great:


Technical factors to consider:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 9 new highs and up 3.82% in the last month
  • Relative Strength Index 67.71% and rising
  • Trades around 14.08 with a 50 day moving average of 38.90
Fundamental Factors:
  • Wall Street brokerage analysts have 1 strong buy, 4 buy and 5 hold recommendations published
  • Sales are projected to increase by 5.30% this year and another 5.40% next year
  • Earnings are forecast to rise 6.70% this year, 10.10% next year and 12.03% annually for the next 5 years.
Summary:  We are in the information age and McGraw Hill (MHP) is one of the largest publishers so it should do well.

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on  Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Verisign - VRSN - Barchart Chart of the Day

Barchart.coms Chart of the Day - Verisign (VRSN)
Related Stocks
 VRSN - Verisign

Sym Last Chg Pct
VRSN 35.57 +0.93 +2.68%
The "Chart of the Day" is Verisign (VRSN), which showed up on Friday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Verisign last Friday rallied by 2.68%, adding to the previous session's 3.5% rally and posting a new 3-year high of $35.67. A rally above the 9-1/2 year high of $36.09 posted in June 2008 would be a particularly bullish technical development. In recent news on the stock, Verisign on April 28 reported in-line EPS of 32 cents and declared a special dividend of $2.75 per share. CLSA on April 12 reiterated its Outperform rating on Verisign and raised its target to $41 from $38 due to strong domain registration trends and the renewal of the .NET and .COM registry contracts. Verisign, with a market cap of $6 billion, provides infrastructure services to website owners, enterprises, electronic commerce service providers and individuals.

vrsn_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports