Yum Brands - Barchart Chart of the Day

Barchart.coms

Chart of the Day - Yum! Brands (YUM)

Barchart Research Team - Barchart.com - Fri Jul 01, 9:30PM CDT

Related Stocks

YUM - Yum! Brands

Sym	Last	Chg	Pct
YUM	56.75	+1.51	+2.73%

The "Chart of the Day" is Yum! Brands (YUM), which showed up on Friday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. YUM! on Friday rallied by 2.73% and edged to a new record high. In recent news on the stock, YUM! on June 21 at a conference said that it can ultimately reach 20,000 total restaurants in China and that unit economics and brand attributes in china are as good as ever. YUM! said it expects same-store sales growth in China this year to be stronger than 4%. Argus on June 21 reiterated its Buy rating on YUM! and its target of $62. YUM! Brands, with a market cap of $25 billion, is the one of the world's largest restaurant companies, with restaurants around the world in numerous countries and territories and with brands including KFC, Pizza Hut and Taco Bell.


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: 60% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 88% Buy

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Barchart links for further information:

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Quote
Detailed Quote
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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

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Chart of the Day Archive
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3 HMOs with price and earnings momentum

Complete Article & Graphs

This morning while screening sectors on Barchart I noticed that Health Maintenance Organizations (HMOs) sector was one of the fastest rising sectors.  This is in spite of all the Obama-Care uncertainty we hear out of Washington.  The 3 I found to have interesting numbers was Wellcare Group (WCG), Magellan Health Services (MGLN) and United Health Group (UNH).  Let's look at the numbers and see what you think.

Wellcare Group (WCG)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 6.38% in the last month
• Relative Strength Index 65.04% and rising
• Trades around 53.20 with a 50 day moving average of 48.23

Magellan Health Services (MGLN)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 4.87% in the last month
• Relative Strength Index is 64.36% and rising
• Trades around 54.73 with a 50 day moving average of 51.74

United Health Group (UNH)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 8.83% in the last month
• Relative Strength Index is 64.31% and rising
• Trades around 52.44 with a 50 day moving average of 49.56

Summary:  I think all 3 will do well in the years ahead but United Health Group (UNH) is my personal favorite.  It is more widely followed by both the individual and profession investors and gets the highest marks from them.  I don't like it because its the favorite but because it is much larger than the other 2.  The health care industry is going to be the focus of lots of governmental regulation and larger companies have the staff to negotiate those dangerous waters.  With the 5 year earnings growth rate of 11.32% , an increased dividend rate, stock buy backs and an increase P/E ratio investors could see a total annual return of 16% - 18% over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Green Mountain Coffee Roasters - How high??

Complete Article Link

One of the fastest growing NASDAQ 100 stocks on Barchart has been Green Mountain Coffee Roasters (GMCR) which has been up over 248% in the last year.  The company markets and distributes coffee using their K-Cup portion packs and acquired Keuring brewing systems under not only their own brand name but also under Newman's Own.  They even distribute Starbucks and Dunkin Donuts brands.  Agreements with Breville, Cuisinart and Mr Coffee have also increased sales.

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 8.52% in the last month
• Relative Strength Index is 74.92% and still climbing
• Trades around 89.53 with a 50 day moving average of 76.84

Summary:  Green Mountain Coffee Roaster (GMCR) has seen an almost 250% increase in price in the last 12 months. With a price earnings ratio of over 50 investors expect a lot.  Total sales of coffee is not going to go up 40.90% next year which is the consensus figure for the stock's increase in sales.  To maintain this growth rate they will have to rob others of their market share.  I advice caution.  If you don't have this stock already buy just a little, not a lot.  If you own it, divide your holdings and put in stop losses at several price levels to protect your profits.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 7/1

Barchart Morning Call

Barchart.com - 1 hr 12 mins ago

Overnight Developments

• Global stocks are slightly higher on balance with the European Euro Stoxx 50 up 0.20% and Sep S&Ps up 0.30 points. The second Greek bailout package will total about 85 billion euros, according to an Austrian Finance Ministry official, with the IMF putting up 30% of the package and the Eurozone and private investors putting up the remaining 70%. German banks have voluntarily agreed to rollover about 2 billion euros of their current Greek holdings into a new Greek debt security. The Eurozone May unemployment rate was unchanged from April at 9.9%. Former Bundesbank President Axel Weber has been nominated to the UBS Board in 2012 as non-independent vice chairman. After a year in office, he is then expected to succeed Chairman Kaspar Villiger as Chairman in 2013. Eurozone finance ministers have canceled Sunday's meeting and will instead hold a conference call Saturday evening, according to the spokesman for Eurozone finance minister leader Jean-Claude Juncker, suggesting that approval of the next tranche of Greek aid will be perfunctory.
• The Asian stock markets today closed mostly higher: Japan +0.53%, China +0.19%, Taiwan +1.01%, Australia -0.36%, Singapore +0.60%, South Korea +1.31%, Bombay -0.44%, Karachi +0.04%. China's June manufacturing PMI fell to a 2-1/3 year low of 50.9 from 52.0 in May. The Eurozone final June manufacturing PMI was left unrevised at 52.0. Japan's tankan report indicated that Japanese companies will boost capital spending in fiscal 2011 by 4.2%, stronger than market expectations of 2.4%. However, the tankan index for large manufacturers fell to -9 in June from 6 in March as a result of the earthquake, which was weaker than the consensus of -7.

Overnight U.S. Stock News

• September S&Ps this morning are trading slightly higher by 0.30 points as the market treads water ahead of today's ISM report. The US stock market yesterday rallied for a fourth day as Greek default concerns subsided and the Jun Chicago purchasing managers index unexpectedly expanded: Dow Jones +1.25%, S&P 500 +1.01%, Nasdaq Composite +1.21%. The Dow and S&P 500 posted 1-month highs and the Nasdaq climbed to a 4-week high. Bullish factors included (1) a rally in financial companies on increased optimism that Greece will avoid a debt default after Greece's parliament approved a second bill to authorize austerity measures needed for further financial aid along with optimism that Germany's biggest banks and insurers will agree on a proposal to roll over Greek debt, (2) the unexpected increase in the Jun Chicago purchasing managers index (+4.5 to 61.1 versus expectations of -2.6 to 54.0), and (3) quarter-end window dressing by fund managers who buy winning stocks to add to their portfolios to show they have gains for the quarter.
• Bearish factors for stocks included (1) the smaller-than-expected decline in weekly US initial unemployment claims (-1,000 to 428,000 versus expectations of -9,000 to 420,000), (2) concern the European economy is slowing after the unexpected decline in May German retail sales and the third straight monthly decline in May French consumer spending, and (3) weakness in fertilizer producers after corn plunged when the USDA said US corn inventories were larger than expected.

Today's Market Focus

• September 10-year T-notes this morning are trading slightly lower by 2 ticks as bearish sentiment continues. T-note prices yesterday tumbled to a 1-month low on reduced safe-haven demand from the Greek debt crisis along with unexpected strength in the Jun Chicago purchasing managers index: TYU11 -16.5, FVU11 -9.7, EDZ11 +3.5. The 10-year T-note yield jumped to a 1-1/2 month high of 3.21%. Bearish factors included (1) reduced safe-haven demand for Treasuries from Greece's debt crisis after Greece's parliament approved a second bill to authorize austerity measures needed for further financial aid along with optimism that Germany's biggest banks and insurers will agree on a proposal to roll over Greek debt, and (2) the unexpected increase in the Jun Chicago purchasing managers index (+4.5 to 61.1 versus expectations of -2.6 to 54.0). Bullish factors included (1) the smaller-than-expected decline in weekly US initial unemployment claims (-1,000 to 428,000 versus expectations of -9,000 to 420,000), and (2) the Fed's purchase of $4.909 in Treasuries in its last installment of Treasury purchases for its QE2 asset purchase program.
• The dollar index this morning is trading slightly higher by 0.081 points with the dollar/yen up 0.20 yen and the euro/dollar down 0.05 cents. The dollar index yesterday slumped to a 2-week low as safe-haven demand was reduced on the prospects of German banks reaching a deal on Greek debt along with the rally in the stock market: Dollar Index -0.388, USDJPY -0.219, EURUSD +0.00671. Bearish factors included (1) strength in the euro which rallied to a 2-1/2 week high against the dollar on optimism that Germany's biggest banks, insurers and the government will agree on a proposal to roll over Greek debt, and (2) reduced safe-haven demand for the dollar after the S&P 500 rallied to a 1-month high. Bullish factors included (1) the unexpected decline in May German retail sales along with the larger-than-expected drop in May French consumer spending, which are both euro negative, and (2) the unexpected increase in the Jun Chicago purchasing managers index, which signals economic strength and is dollar supportive.
• Aug crude oil prices this morning are down 91 cents a barrel and Aug gasoline is down 3.21 cents per gallon on the weaker-than-expected Chinese PMI report, which raised further doubts about Chinese fuel demand. Crude oil and gasoline prices yesterday fluctuated on both sides of unchanged and pushed higher late as a weaker dollar and a stronger than expected Jun Chicago purchasing managers index offset the negative effect of an OPEC output increase in Jun: CLQ11 +$0.65, RBQ11 +3.43. Aug gasoline posted a 2-week high. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, and (2) the unexpected increase in the Jun Chicago purchasing managers index, which signals economic strength and is positive for energy demand. Bearish factors included (1) the smaller-than-expected drop in weekly US jobless claims, which may suppress consumer confidence and spending and curtail fuel demand, and (2) the increase in OPEC?s crude output in Jun to a 32-month high of 29.105 million barrels a day as Saudi Arabia raised its output in Jun to 9.21 million barrels a day, the highest since Oct 2008.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) MSCI-MSCI Inc. (BEST earnings consensus $0.44).
Global Financial Calendar

Friday 7/1/11
United States
0955 ET	Final Jun U.S. University of Michigan consumer confidence expected +0.2 to 72.0, previous -2.5 to 71.8.
1000 ET	May construction spending expected +0.1% m/m, Apr +0.4% m/m.
1000 ET	Jun ISM manufacturing index expected -1.7 to 51.8, May -6.9 to 53.5. Jun ISM prices paid expected -4.7 to 71.8, May -9.0 to 76.5.
1700 ET	Jun total vehicle sales expected 12.08 million, May 11.76 million. Jun domestic vehicle sales expected 9.40 million, May 9.22 million.
Japan
0100 ET	Jun Japan vehicle sales, May -38.0% y/y.
France
0350 ET	Revised Jun French PMI manufacturing expected 52.8, previous 52.5.
Germany
0355 ET	Revised Jun German PMI manufacturing expected no change at 54.9.
United Kingdom
0430 ET	Jun UK PMI manufacturing expected +0.2 to 52.3, May -2.3 to 52.1.
Euro-Zone
0500 ET	May Euro-Zone unemployment rate expected unchanged at 9.9%, Apr unchanged at 9.9%.

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

Norfolk Southern

Complete Article Link

According to Barchart one of S&P 100 stock showing great price momentum is Norfolk Southern (NSC).  The stock has seen 4 new highs and is up 2.26% in just the last month.  The company has some new plans in place to cut cost and take advantage of higher fuel cost that the trucking industry is experiencing.

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 2.26% in the last month
• Relative Strength Index 61.07% and rising
• Trades around 74.21 with a 50 day moving average of 71.53

Summary:  As oil prices rise power plants become increasingly dependent on coal to control cost and trains carry the majority of the coal.  As gasoline and diesel prices stay high more and more companies use intermodal means of shipping containers and use the rail to ship them.  The company is hiring but this is a good thing as it is trying to lower the costly over-time they have been paying.  It's hard not to see how trains benefit over trucking in a high oil price environment we are now experiencing so put Norfolk Southern (NSC) on your watch lists.

Jim Van Meerten is a Marketocracy Master

Dr Pepper - DPS - Barchart Chart of the Day

Barchart.coms Chart of the Day - Dr Pepper Snapple Group (DPS)

Barchart Research Team - Barchart.com - Thu Jun 30, 5:25PM CDT

Related Stocks

DPS - Dr Pepper Snapple Group Inc

Sym	Last	Chg	Pct
DPS	41.93	+0.52	+1.26%

The "Chart of the Day" is Dr Pepper Snapple Group (DPS), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. DPS on Thursday rallied by 1.26% and posted a new all-time high of $42.42. In recent news on the stock, Jefferies on June 1 initiated coverage on DPS with a Hold and a target of $45. DPS on May 18 raised its dividend by 38% to 32 cents from 25 cents per share. Wells Fargo on May 12 initiated coverage on DPS with an Outperform and a target of $43-45. Dr Pepper Snapple Group, with a market cap of $9 billion, is one of the largest beverage companies in the Americas. They manufacture, market and distribute more than 50 brands of carbonated soft drinks, juices, ready to drink teas, mixers and other premium beverages across the United States, Canada, Mexico and the Caribbean.



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

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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

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

3 Hot Stocks 6/30

Complete Article

This morning I used Barchart to search for 3 stocks that are really on the move and at the top of my screening list was Cash America International (CSH), Pizza Inn (PZZI) and National American Universtiy (NAUH).  All these stock have positive momentum signals.

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 13.04% in the last month
• Relative Strength Index 80.91% and rising
• Trades around 57.04 with a 50 day moving average of 49.71

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 29.57% in the last month
• Relative Strength Index 76.87% and rising
• Trades around 2.98 with a 50 day moving average of 2.33

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 26.54% in the last month
• Relative Strength Index 79.41% and rising
• Trades around 9.45 with a 50 day moving average of 7.68

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 6/30

Barchart Morning Call

Barchart.com - 14 mins ago

Overnight Developments

• Global stocks are mostly higher with the European Euro Stoxx 50 down -0.08% and Sep S&Ps up +1.00 point. The dollar index fell to a 2-week low and commodities are mixed with copper rising to a 1-3/4 month high as Greek default concerns eased. The euro climbed to a 2-1/2 week high against the dollar when people familiar with the matter said that Germany's biggest banks, insurers and the government have agreed on a proposal to roll over Greek debt. German unemployment in Jun fell -8,000, its 24th straight monthly decline, although weaker than expectations of a -17,000 drop, while the Jun unemployment rate remained at 7.0%, the lowest since records for a reunified Germany began in 1991. Inflation concerns eased after the Jun Euro-Zone CPI estimate remained unchanged at +2.7% y/y, weaker than expectations of +2.8% y/y, while May French producer prices unexpectedly fell -0.5% m/m, weaker than expectations of a +0.2% m/m increase. European stocks weakened after May German retail sales unexpectedly fell -2.8% m/m, weaker than expectations of a +0.5% m/m gain and the biggest monthly decline in 3 years. Another negative factor for stocks was the unexpected decline in May French consumer spending which fell -1.5% m/m, its third consecutive monthly decline and weaker than expectations of a +1.0% m/m increase.
• The Asian stock markets today closed higher with Japan up +0.19%, Hong Kong +1.53%, China +1.46%, Taiwan +0.92%, Australia +1.73%, Singapore +1.32%, South Korea +0.20%, India +0.81%. Asian stocks were boosted as concerns about Europe's debt crisis eased after Greece passed austerity measures and German financial institutions pushed toward an agreement to roll over Greek debt holdings. Sony, which gets 21% of its sales in Europe, closed 3% higher and Japanese bank stocks rallied after Deutsche Bank AG upgraded Japan's major banks to "overweight" from "market weight," saying Q1 earnings may show "good progress" and concern is receding that lenders will need to raise additional capital. Japanese utilities also moved higher after Kyodo News reported that the Japanese town of Genkai will let Kyushu Electric Power restart reactors, which eases concern local opposition to nuclear power will damage the industry. Chinese banks closed higher and rebounded from Wednesday's losses after a Shanghai government spokesman said the Hong Kong Economic Journal article that claimed a financing vehicle of the Shanghai government may not be able to repay loans was "seriously untrue."

Overnight U.S. Stock News

• September S&Ps this morning are trading up +1.00 point. The US stock market yesterday rallied for a third day as Greece passed austerity measures and US pending home sales increased more than forecast: Dow Jones +0.60%, S&P 500 +0.83%, Nasdaq Composite +0.41%. The Dow, S&P 500 and the Nasdaq all posted 3-week highs. Bullish factors included (1) a rally in financial companies on reduced European debt concerns after Greek lawmakers passed austerity measures to ensure they receive future aid to avoid a debt default, (2) the larger-than-expected increase in May US pending home sales which rose at their strongest pace in 6 months (+8.2% m/m versus expectations of +3.0% m/m), and (3) strength in energy producers after crude oil climbed to a 1-1/2 week high.
• Bearish factors for stocks included (1) comments from Bank of America chief economist Levy who said that Greece faces an "eventual insolvency problem" and that the passage of the Greek austerity measures buys the country time but "does not resolve the issue," and (2) the increase in the 10-year T-note yield to a 1-month high of 3.129%.

Today's Market Focus

• September 10-year T-notes this morning are up +3.5 ticks. T-note prices yesterday ratcheted lower the entire day and closed lower on reduced safe-haven demand for Treasuries after Greek lawmakers passed an austerity plan to ensure further bailout funds along with supply pressures as the Treasury auctioned $29 billion of 7-year T-notes: TYU11 -1-2.5, FVU11 -24.5, EDZ11 unchanged. The 10-year T-note yield rose to a 1-month high of 3.129%. Bearish factors included (1) reduced safe-haven demand for Treasuries after the Greek parliament passed austerity measures to help it avert a default, (2) the larger-than-expected increase in May US pending home sales which rose at their strongest pace in 6 months (+8.2% m/m versus expectations of +3.0% m/m), and (3) slack demand for the Treasury's $29 billion auction of 7-year T-notes that had a bid-to-cover ratio of 2.62, well below the 12-auction average of 2.89. A bullish factor was the Fed's purchase of $2.456 billion of Treasuries as part of its QE2 asset-purchase program.
• The dollar index this morning is weaker and at a 2-week low with the dollar/yen -0.33 yen and the euro/dollar +0.41 cents. The dollar index yesterday declined after the passage of austerity measures by Greek lawmakers reduced concerns of a Greek debt default along with a rally in the euro to a 2-week high against the dollar on speculation the ECB will increase interest rates at next week's policy meeting: Dollar Index -0.372, USDJPY -0.346, EURUSD +0.00638. Bearish factors included (1) reduced safe-haven demand for the dollar after the Greek parliament passed austerity measures needed to ensure future bailout funds, and (2) a rally in the euro on speculation the ECB will raise interest rates at next Thursday's policy meeting, which will strengthen the euro's interest rate differentials against the dollar. Bullish factors included (1) comments from ECB Executive member Stark that may boost the safe-haven demand of the dollar when he said that a restructuring of Greek debt would lead to a collapse of the country?s economy and damage the EU's reputation and may prompt investors to question the creditworthiness of other Euro-Zone countries, and (2) the larger-than-expected increase in May US pending home sales, which shows economic strength and is dollar supportive.
• Aug crude oil prices this morning are down -15 cents a barrel and Aug gasoline is -1.39 cents per gallon. Crude oil and gasoline prices yesterday rallied after Greek lawmakers passed austerity measures needed to avoid default along with a larger-than-expected drop in weekly DOE crude inventories: CLQ11 +$1.88, RBQ11 +11.93. Aug crude posted a 1-1/2 week high and Aug gasoline climbed to a 2-week high. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, (2) reduced concerns that the Greek debt crisis will drag the global economy and energy demand lower after Greek lawmakers voted to approve an austerity plan to stave off a debt default, (3) the larger-than-expected drop in weekly crude inventories (-4.38 million bbl versus expectations of -1.5 million bbl), and (4) the unexpected decline in gasoline stockpiles (-1.43 million bbl versus expectations of +1.05 million bbl). Bearish factors included (1) slack fuel demand after US gasoline demand in the week ended Jun 24 fell -0.6% to 9.26 million barrels a day, and (2) the prediction from JBC Energy GmbH that Saudi Arabia will increase crude output "substantially in the foreseeable future" even after the IEA released oil stockpiles.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) MKC-McCormick & Co. (BEST earnings consensus $0.54), DRI-Darden Restaurants (1.00), APOL-Apollo Group (1.30), STZ-Constellation Brands (0.37), MSM-MSC Industrial Direct (0.94), CZZ-Cosan Ltd. (0.25), WOR-Worthington Industries (0.55), SCHN-Schnitzer Steel Industries (1.22), IRET-Investors Real Estate Trust (0.01), AZZ-AZZ Inc. (0.63).
Global Financial Calendar

Thursday 6/30/11
United States
0830 ET	Weekly initial unemployment claims expected -9,000 to 420,000, previous +9,000 to 429,000. Weekly continuing claims expected -7,000 to 3.690 million, previous -1,000 to 3.697 million.
0945 ET	Jun Chicago purchasing managers index expected -2.6 to 54.0, May -11.0 to 56.6.
1000 ET	St. Louis Fed President James Bullard delivers ?Welcoming Remarks and Thoughts on QE? at the St. Louis Fed?s QE Conference.
1300 ET	Kansas City Fed President Thomas Hoenig speaks to the Rotary Club of Des Moines, Iowa.
1630 ET	Weekly money supply report and Fed balance sheet.
Japan
0000 ET	May Japan vehicle production, Apr -60.1% y/y.
0100 ET	May Japan construction orders, Apr +31.4% y/y.
0100 ET	May Japan housing starts expected +3.1% y/y, Apr +0.3% y/y/
1930 ET	May Japan overall household spending expected -1.7% y/y, Apr -3.0% y/y.
1930 ET	May Japan jobless rate expected +0.1 to 4.8%, Apr +0.1 to 4.7%. May job-to-applicant ratio expected 0.60, Apr 0.61.
1930 ET	Jun Tokyo CPI expected -0.1% y/y, May -0.1% y/y. Jun Tokyo CPI ex-fresh food expected +0.2% y/y, May +0.1% y/y. Jun Tokyo CPI ex food & energy expected +0.1% y/y, May +0.1% y/y.
1930 ET	May Japan national CPI expected +0.2% y/y, Apr +0.3% y/y. May national CPI ex-fresh food expected +0.5% y/y, Apr +0.6% y/y. May national CPI ex food & energy expected unchanged y/y, Apr -0.1% y/y.
1950 ET	Q2 Japan Tankan large manufactures index expected -7, Q1 6. Q2 Tankan non-manufacturing index expected 4, Q1 3.
Germany
0200 ET	May German retail sales expected +0.5% m/m and +0.2% y/y, Apr +0.3% m/m and +3.6% y/y.
0355 ET	Jun German unemployment change expected -17,000, May -8,000. Jun unemployment rate expected unchanged at 7.0%, May -0.1 to 7.0%.
France
0245 ET	May French consumer spending expected +1.0% m/m and +0.9% y/y, Apr -1.6% m/m and +1.2% y/y.
0245 ET	May French producer prices expected +0.2% m/m and +6.4% y/y, Apr +0.8% m/m and +6.4% y/y.
Euro-Zone
0300 ET	ECB President Jean-Claude Trichet speaks before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels.
0400 ET	May Euro-Zone M2 money supply expected +2.1% 3-mo avg and +2.1% y/y, Apr +2.1% 3-mo avg and +2.0% y/y.
0500 ET	Jun Euro-Zone CPI estimate expected +2.8% y/y, May +2.7% y/y.
Canada
0830 ET	Apr Canada GDP expected -0.1% m/m and +2.7% y/y, Mar +0.3% m/m and +2.8% y/y.
CHI
2100 ET	Jun China PMI manufacturing expected -0.5 to 51.5, May -0.9 to 52.0.

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

Neurometrix - NURO - Sell signals

This morning I detected sell signals on Barchart for Neurometrix (NURO) and deleted it from the Barchart Van Meerten Speculative portfolio.

Barchart technical indicators:

• 96% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 10 down day and off 18.87% in the last month
• Relative Strength Index is 40.58% and falling

Jim Van Meerten is a Marketocracy Master

Vale ADR

Complete Article

Today I noticed that Vale ADR (VALE) was one of the most popular stocks with individual investors and wondered how to fared on Barchart.  All of the buy signals are strengthening and all of the sell signals are weakening.

Barchart technical indicators:

• 40% Barchart over all buy signal - strengthening
• Tread Spotter - presently a hold signal but the hold is almost ready to switch to a buy
• Above its 20 and 50 day moving average
• 4 new highs and up 5.39% in the last 5 trading days
• Relative Strength Index is 59.01% and getting stronger
• Trading around 31.56 which is above its 50 day moving average 

Summary:  Vale (VALE) has three countries buying their products:  Brasil, US and China.  The growing economies in these 3 nations will bid up the natural resource products this company mines and distributes. It's hard to see how this company can fail.

Jim Van Meerten is a Marketocracy Master

Ford

Complete Article

This morning I decided to use Barchart to see how well Ford (F) was doing.  To my surprise I noticed it was down but starting to turn upward.  As the market and the economy recovers this is your best bet on an America auto maker.  I know we like to think of Ford as an American automaker, but make no mistake about it is a world wide automaker with over 45% of its operations in foreign markets

Ford Motor Company (F) produces cars and trucks. The company and its subsidiaries also engage in other businesses, including manufacturing automotive components and systems and financing and renting vehicles and equipment. The company is divided up into the following four operating segments: Automotive, Visteon Automotive Systems, Ford Motor Credit Company, and The Hertz Corporation. Ford didn't need the bailout funds but is still a risky venture.  Troubles in Japan's auto industry has left the door open and Ford has the new cars to fill that void.  A new partnership with Sollers, the Russian auto maker will give Ford access to one of the fastest growing auto markets in Europe. Barchart technical factors Barchart is a price momentum website and its indicators can signal a turning point 64% Barchart technical sell signal but sell signals are weakening Trend Spotter sell signal -- The signal is weakening rapidly Below its 20, 50 and 100 day moving averages but the price has been in an upward trend since June 20 11 down days and 10.66% off its one month high Relative Strength Index is 41.66  but getting stronger Traded around 13.33 which is below its 50 day moving average of 14.45 Summary:  US investors are very high on Ford (F) for what they might consider a vote for American pride.  I think investors could make 15% with a 5% +/- range on an annual basis over the next 5 years.  I like the stock but all the variables make this a pick only for speculative investors.  Risk adverse investors should look elsewhere. Jim Van Meerten is a Marketocracy Master

Tempur-Pedic - TPX - Barchart Chart of the Day

Barchart.com's Chart of the Day - Tempur-Pedic International (TPX)

Barchart Research Team - Barchart.com - Wed Jun 29, 7:09PM CDT

Related Stocks

TPX - Tempur-Pedic International Inc

Sym	Last	Chg	Pct
TPX	67.97	+0.73	+1.09%

The "Chart of the Day" is Tempur-Pedic International (TPX), which showed up on Wednesday's Barchart "NYSE 12-month high" list. TPX rallied up to an all-time high Wednesday of $69.05 and finished the day up +1.1%. Trendspotter (tm) has been long TPX for the past week at $65.69. On Wednesday at the Piper Jaffray Consumer Conference, CFO Dale Williams of TPX said the company had a record year in profits last year and that they're on pace to do significantly better this year. Williams expects China sales to be over $50 million a year by 2014, up from $5 million last year. He said Q1 gross margins for TPX this year were over 52%, above their goal of 50% and that ongoing productivity initiatives should contine to generate 150 bp to 175 bp of improvement a year. Tempur-Pedic International, with a market cap of $4.499 billion is a vertically-integrated manufacturer, marketer and distributor of premium mattresses and pillows made from its proprietary Tempur visco-elastic foam. Products are sold in 54 countries under the Tempur and Tempur-Pedic brands.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily Trendspotter(tm) 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: 40% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 80% Buy

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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

Barchart Morning Call 6/29

Barchart Morning Call

Barchart.com - 0 mins ago

Overnight Developments

• Global stocks are mostly higher with the European Euro Stoxx 50 up +1.46% and Sep S&Ps up +8.30 points at a 3-week high. The dollar is weaker and most commodities are higher amid speculation that Greek lawmakers will pass austerity measures later today to avoid default. The euro rose against the dollar and the yield on Greece's 10-year bond slipped 11 bp. Mining companies and raw-material producers are higher as metals gained and Allianz, Europe's biggest insurer, rose 3.3% after the stock was upgraded to "overweight" from "equal weight" at Morgan Stanley. Limiting gains in European stocks was the -0.4 decline in Jun Euro-Zone economic confidence to an 8-month low of 105.1, slightly stronger than expectations of -0.5 to 105.0. ECB Executive members Stark told Germany?s Zeit newspaper that a restructuring of Greek debt would lead to a collapse of the country?s economy and damage the EU's reputation and may prompt investors to question the creditworthiness of other Euro-Zone countries.
• The Asian stock markets today closed mostly higher with Japan up +1.54%, Hong Kong unchanged, China -1.37%, Taiwan +1.11%, Australia +1.23%, Singapore +0.95%, South Korea +1.55%, India +1.09%. Japan's Nikkei 225 Stock Index rallied to a 7-week high as bank stocks rallied and exporters gained as concern over the Greek debt crisis ebbs. May Japan industrial production surged +5.7% m/m, stronger than expectations of +5.5% m/m and the biggest increase since 1953, a sign that the economy is recovering from the March quake crisis. Chinese stocks closed lower, led by declines in bank stocks, on speculation some local governments may default on their bank loans. The Hong Kong Economic Journal reported the investment company in Shanghai for property and highway construction may not be able to repay current loans from this month and has asked for an extension.

Overnight U.S. Stock News

• September S&Ps this morning are trading up +8.30 points at a 3-week high. The US stock market yesterday moved higher on speculation European nations will take action to prevent a Greek default along with strength in energy producers as crude oil rallied: Dow Jones +1.21%, S&P 500 +1.29%, Nasdaq Composite +1.53%. The Nasdaq posted a 3-week high. Bullish factors included (1) reduced Greek default concerns after Bloomberg News reported that Germany's biggest banks and insurers will meet with the German Finance Ministry on Wed to reach an agreement on their contribution to a Greek aid package, (2) a rally in energy producers as crude oil rose, (3) the stronger-than-expected Jun Richmond Fed manufacturing Index (+9 to 3 versus expectations of +3 to -3), and (4) comments from Dallas Fed President Fisher who said he sees "much stronger" growth in the 2nd half of this year as falling energy prices may spur growth up to 4%.
• Bearish factors for stocks included (1) the unexpected decline in Jun US consumer confidence which fell to a 7-month low (-3.2 to 58.5 versus expectations of +0.2 to 61.0), the Apr S&P CaseShiller composite-20 home price index which fell an as-expected -4.0% y/y, the biggest annual decline in 17 months, which indicates the US housing crisis has yet to bottom, and (3) the statement from Fitch Ratings who said a "voluntary rollover" of Greek bonds, as they mature, into bonds with similar terms would "very likely" be viewed by Fitch as a sovereign default, which may hinder German and French plans to rollover Greek's debt.
• Citigroup (C) rose 1.2% in European trading after BofA Merril Lynch upgraded the stock to "buy" from "neutral."

Today's Market Focus

• September 10-year T-notes this morning are down -10.5 ticks. T-note prices yesterday moved lower on reduced concern Europe's sovereign-debt crisis will undermine the global economy and they extended their losses in the afternoon due to tepid demand for the Treasury's $35 billion 5-year T-note auction: TYU11 -1-2.5, FVU11 -24.5, EDZ11 unchanged. Bearish factors included (1) reduced safe-haven demand for Treasuries on optimism that Greece's parliament will approve austerity measures to help it avert a default, (2) comments from Dallas Fed President Fisher who said he sees "much stronger" US growth in the 2nd half of this year as falling energy prices may accelerate growth to 4%, (3) slack demand for the Treasury's $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of 2.59, below the 12-auction average of 2.83, and (4) supply pressures ahead of the Treasury's $29 billion auction of 7-year T-notes on Wed. Bullish factors included (1) the unexpected decline in Jun US consumer confidence which fell to a 7-month low (-3.2 to 58.5 versus expectations of +0.2 to 61.0), and (2) the Fed's purchase of $4.62 billion of Treasuries as part of its QE2 asset-purchase program.
• The dollar index this morning is weaker with the dollar/yen -0.90 yen and the euro/dollar +0.59 cents. The dollar index yesterday erased an early rally and closed lower on hawkish comments from ECB President Trichet along with speculation that Greece's parliament will pass austerity measures needed to ensure more financial aid: Dollar Index -0.365, USDJPY +0.234, EURUSD +0.00837. Bearish factors included (1) hawkish comments from ECB President Trichet who said policy makers are in "strong vigilance mode," which signals they intend to raise interest rates at next week's ECB policy meeting, (2) optimism that Greek lawmakers will pass austerity measures needed to ensure future aid from the EU and IMF to avoid a default, (3) the unexpected decline in US Jun consumer confidence along with the unexpected increase in Jul German GfK consumer confidence, and (4) reduced safe-haven demand for the dollar as the stock market rallied. Bullish factors included (1) comments from ECB Executive Board member Stark who said the international community may not finance Greece further after July if its austerity plan isn't implemented, and (2) the euro negative statement from Fitch Ratings that a "voluntary rollover" of Greek bonds, as they mature, into bonds with similar terms would "very likely" be viewed by Fitch as a sovereign default.
• Aug crude oil prices this morning are trading up +$1.17 a barrel and Aug gasoline is +4.29 cents per gallon. Crude oil and gasoline prices yesterday moved higher as the dollar fell along with speculation that US fuel demand will rise before the Fourth of July holiday: CLQ11 +$2.28, RBQ11 +7.12. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, (2) optimism for increased US gasoline demand ahead of the US Independence Day weekend, a typically strong fuel consumption period for US motorists, and (3) the outlook for US crude supplies to decline when the DOE releases its inventory figures on Wed. Bearish factors included (1) the statement from the director of the IEA that he's "confident" that Saudi Arabia will boost its crude output, and (2) the unexpected decline in Jun US consumer confidence which fell to a 7-month low and is negative for fuel demand and consumption. Expectations for Wednesday's weekly inventories from the DOE are for crude oil stockpiles to fall -1.5 million bbl, gasoline supplies to increase +775,000 bbl, distillate inventories to rise +1.05 million bbl and the refinery capacity rate to remain unchanged at a 10-month high of 89.2%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) MON-Monsanto (BEST earnings consensus $1.10), GIS-General Mills (0.52), FDO-Family Dollar Stores (0.95), AYI-Acuity Brands (0.63), UNF-Unifirst Corp. (0.85), AM-American Greetings (0.80), KBH-KB Home (-0.32), LNN-Lindsay (0.97).
Global Financial Calendar

Wednesday 6/29/11
United States
0700 ET	Weekly MBA mortgage applications, last market index -5.9% with purchase mortgage sub-index -2.8% and refinancing sub-index -7.2%.
1000 ET	May pending homes sales expected +3.0% m/m, Apr -11.6% m/m and -26.8% y/y.
1200 ET	Fed Governor Sarah Raskin speaks on ?Economic Inclusion? at the New America Foundation Forum.
1300 ET	Treasury auctions $29 billion 7-year T-notes.
France
0130 ET	Revised Q1 French GDP, previous +1.0% q/q and +2.2% y/y.
United Kingdom
0430 ET	May UK net consumer credit expected +0.4 billion pounds, Apr +0.5 billion pounds.
0430 ET	May UK mortgage approvals expected 46,300, Apr 45,200.
0430 ET	May UK M4 money supply, Apr +0.1% m/m and -0.9% y/y.
1901 ET	Jun UK GfK consumer confidence survey expected -3 to -24, May +10 to -21.
Euro-Zone
0500 ET	Jun Euro-Zone business climate indicator expected -0.09 to 0.90, May -0.29 to 0.99.
0500 ET	Jun Euro-Zone economic confidence expected -0.5 to 105.0, May -0.6 to 105.5.
Canada
0700 ET	May Canada CPI expected +0.3% m/m and +3.3% y/y, Apr +0.3% m/m and +3.3% y/y.
0700 ET	May Bank of Canada core CPI expected +0.2% m/m and +1.5% y/y, Apr +0.2% m/m and +1.6% y/y.
0900 ET	Apr Canada Teranet/National Bank house price index, Mar +0.6% m/m and +4.1% y/y.
Japan
1915 ET	Jun Japan Markit/JMMA manufacturing PMI, May +5.6 to 51.3.

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

Biogen has a lot going for it

Complete article

I screened on Barchart for the S&P 100 companies having the most frequent new highs and Biogen Idec (BIIB) had 9 new highs and is up 15.33% in just the last month.  The company has a very, very nice balance sheet with 1.2 billion in cash and a debt to capital ratio of only 16%.  It has began to repurchase stock and will have cash to buy into new products.  Carl Ichan is one of the major stock holders so a buy out take over can't be ignored.  I'm looking at the stock momentum.

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 15.33% in the last month
• Relative Strength Index 77.87% and rising
• Trades around 107.74 with a 50 day moving average of 96.03

Summary:  Biogen Indec (BIIB) has momentum with 9 new highs and up 15.33% in the last month, an extremely conservative balance sheet and analysts looking for increases in earnings over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Watson Pharmaceuticals - Barchart Chart of the Day

Barchart.coms Chart of the Day - Watson Pharmaceuticals (WPI)

Barchart Research Team - Barchart.com - Tue Jun 28, 7:05PM CDT

Related Stocks

WPI - Watson Pharmaceuticals

Sym	Last	Chg	Pct
WPI	68.20	+2.75	+4.20%

The "Chart of the Day" is Watson Pharmaceuticals (WPI), which showed up on Tuesday's Barchart "NYSE 12-month high" list. WPI rallied up to a 10-3/4 year high Tuesday of $68.29 and finished the day up +4.2%. WPI now has its sights set on the all-time high of $71.50 posted back in Sep 2000. Trendspotter (tm) has been long WPI for the past 2-1/2 months at a price of $54.81 as WPI has been in a steady uptrend for the past 2-1/2 years. On Tuesday, the U.S. District Court in Delaware ruled in favor of WPI against Endo Pharmaceutical, which is trying to defend the patents on its Lidoderm pain patch. WPI is hoping to market its own generic version of Lidoderm and the court's ruling today could hurt Endo's position as the companies prepare to go to trial in February. Jefferies & Co. analyst Corey Davis said the judge found that the disputed patent covered only one of a group of ingredients, as Watson had argued, while Endo argued the patent covered one or more ingredients. Davis said that if Watson's generic is approved, it will probably not reach the market until mid-2013 at the earliest. Watson Pharmaceuticals, with a market cap of $8.304 billion is a pharmaceutical company primarily engaged in the development, production, marketing and distribution of both branded and off-patent pharmaceutical products. The company's branded pharmaceutical business operates primarily in three specialty areas: Dermatology, Women's Health and General Products. The company's products include therapeutic and preventive agents generally sold by prescription or over-the-counter for the treatment of human diseases and disorders.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily Trendspotter(tm) 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

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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

Chesapeake Energy is a bargain

Complete article

This morning I was screening the most popular stocks on Motley Fool with my Barchart screener and was very surprised to see how poorly Chesapeake Energy (CHK) was performing.  In the last 3 months the stock has hit 14 new lows and is down over 15.77% from its recent high.  Just might be a bargain here?

Barchart technical indicators:

• 72% Barchart technical sell indicator
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 14 new lows and down 15.77% in the last 3 months
• Relative Strength Index 38.41% and falling
• Trades near 28.39 with a 50 day moving average of 30.68

Summary:  Now might be the time to put in place a strategy to buy Chesapeake Energy (CHK) at a bargain price. The long term prospects of the stock appear to be a safe bet.  Most of the production is in North America, so the worse it gets in the Middle East the better it is for them.  Even at today's prices long term investors should see an annual return in the 10% range over the next 5 years.  Here's how I'd play it:  If you got it hold it, if you don't, then place a buy stop at the 20 day moving average and keep sliding the buy stop down as the stock goes down.  That's the way to buy long range bargains.

Jim Van Meerten is a Marketocracy Master

GE may be a bargain

Complete article 

I know you may be tired of hearing me say they are some great stocks at bargain prices but I really think there are.  Recently Steve Forbes was interviewed and made the statement: "Now is the time to buy stocks and get into the market."  I think he's right.

I used Barchart to screen for stocks with double digit earnings growth projections and came across an old and popular favorite General Electric (GE).  The stock,  just like the rest of the market has been beaten down lately but when investors decide the market has bottomed this is a stock that should soar like an eagle.
Barchart technical indicators:

• Barcharts indicators are short term technical price momentum indicators. The stock is presently still going down
• 96% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 6 new lows and down 5.16% in the last month
• 15.75% off its 6 month high
• Relative Strength Index is 34.66% and still falling
• Trades around 18.10 which is below its 50 day moving average of 19.29
• 
  
• 
  
• Summary: General Electric (GE) is so big and diversified that its almost like buying an industrial index fund.  Short term sales projections almost mirror the GDP index projections but earnings growth projects imply analysts consider the company the cream of the crop.  With the 2.80% dividend and earning estimates the total return on this stock could be between 20% - 22% annually for the next 5 years.  I think if you have it don't sell, if you'd like to buy place a buy stop at the trailing 20 day moving average and hope to buy a bargain.

Jim Van Meerten is a Marketocracy Master

Transocean

Complete article


This morning I was searching on Barchart for stocks that had glowing fundamentals but were selling at a deep discount and noticed Transocean (RIG) selling at almost 25% off its recent high.  The stock hit 17 new lows and is 24.99% off its 3 month high.

Barchart technical indicators:

• These indicators signal current short term negative price momentum.  If the underlying fundamentals are sound, negative price momentum can signal great long term buying opportunities
• 72% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving average
• 17 new lows and 24.99% off its recent 3 month high
• Relative Strength Index 38.56%
• Trades at 61.57 which is below its 50 day moving average of 67.796

Summary:  Sometimes good things happen to those who wait and if you play Transocean (RIG) correctly you could make around 18% -22% total annual return over the next 5 years.  The stock is currently experiencing a negative price momentum and only a fool will try to predict how long that will continue.  If you have it hold it, if you don't place a buy stop at the 50 day moving average and reposition that stop lower each week that the negative price continues.  When it finally triggers you will have added a stock to your portfolio that both professional and individual investors predict will beat the market and bought it at a steep discount.

Jim Van Meerten is a Marketocracy Master

Fossil is no dinosaur

Chart and complete article

It's hard to find stocks that have double digit projections for both sales and earnings but Fossil (FOSL) has that plus a 100% Barchart technical buy signal.  A few years ago there were predictions that the youth were not buying watches because they used their cell phones as time pieces.  Someone forgot that a lot of watches are not time pieces but are jewelry accessories and Fossil fills that niche.  I'm sold  on the recent price momentum.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above it's 20, 50 and 100 day moving averages
• 11 new highs and up 10.03% in the last month
• Relative Strength Index 71.14% and climbing
• Trades around 113.42 with a 50 day moving average of 100.41

Summary:  Watches are still in but as fashion jewelry not as time pieces and Fossil (FOSL) fills that niche nicely,  Higher per watch prices through partnerships and increased consumer buying in Asia make the double digit growth of both sales and earnings possible. Investors should see an 8%  - 9% annual total return over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Casey General Stores stays profitable

Complete article and charts

I was screening high growth stocks on Barchart to see which were having recent momentum and Casey General Stores (CASY) was near the top of the list.  The stock made 11 new highs and is up 13.79% in the last month.   The stock has two things going; high gas prices and take over rumors.  The recent momentum has been consistent.

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 13.79% in the last month
• Relative Strength Index is 73.90% and rising
• Trades around 45.11 with a 50 day moving average of 40.15

Summary: Casey General Stores (CASY) is making money on its own but some of the price momentum is due to take over rumors.  If you think there is money in selling gas, beer, tobacco and impulse snacks this is the stock for you.

Jim Van Meerten is a Marketocracy Master

Quest Diagnostics

Complete article and charts

This morning while screening on Barchart for S&P 500 stocks having the highest technical buy signals Quest Diagnostics (DGX) was near the top of the list.  The stock hit 11 new highs and is up 4.95% against a market that fell 5.41% using the Value Line Index of 1700 stocks as my benchmark.  Although recently the stock lagged behind its sector it has recently gained momentum.

Barchart technical indicators: 100% Barchart technical buy signal Trend Spotter buy signal Above its 20, 50 and 100 day moving average 11 new highs and up 4.95% in a down market Relative Strength Index 76.49% Trades around 60.94 with a 50 day moving average of 57.95 Summary:  Quest Diagnostics (DGX) is starting to gain momentum after lagging behind the sector recently. Analysts had 2 major concerns - first, some acquisitions that now have seem to be merged properly and secondly, some legal concerns of over billing made by the State of California that have now been settled.  Long term investors could see an annual total return of between 15% - 17% over the next 5 years. Jim Van Meerten is a Marketocracy Master

Dell - buy at a discount

This morning on Barchart I wanted to find stocks having current price momentum that were selling at a big discount to their normal Price/Earnings ratio and noticed Dell (DELL) sold at an 18.0 Price/Earnings ratio over the past 16 year and is now at a 9.4 P/E ratio.  That sounds like a discount to me.  The price momentum has held steady during the current market down turn.

Dell Inc. (DELL) is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell, through its direct business model, designs, manufactures and customizes products and services to customer requirements, and offers an extensive selection of software and peripherals.  Their sales are fairly balance between business and personal computer sales ant they are starting to get sales traction in emerging markets.

Barchart technical indicators:

• 48% Barchart overall technical buy signal
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up .95% in the last month
• Up 5.84% in the last trailing 3 month
• Relative Strength Index 50.22%
• Trading around 15.94 which is above its 50 day moving average of 15.84

Summary:  As the economy recovers and stocks return to their trailing P/E ratios Dell (DELL) looks like a prime candidate to give long term investors an annual total return in the neighborhood of 19 % - 23% over the next 5 year.  In this market when I'm not sure what will happen from day to day I'd like to have stocks that have positive projection of increases in both sales and earnings. 

Jim Van Meerten is a Marketocracy Master

Link to charts and complete article