Dollar Tree

Complete Article and Graphs

I screened on Barchart for the NASDAQ 100 stock hitting the most frequent new highs and Dollar Tree (DLTR) continues to stay near the top of the list with 16 new highs and a price increase of 11.60% in the last month.  The stores attract the value seeking shopper and the stock attracts the value seeking investor.  In the past this was mainly a dry good store but new and remodeled locations are installing coolers and freezers for addition food items.

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 11.61% in just the last month
• Relative Strength Index is 77.66% and rising
• Trades around 69.99 with a 50 day moving average of 62.58

Summary: Dollar Tree (DLTR) is not a flash in the pan discount retailer but a well financed value oriented company with a well defined business and expansion plan.  Long term investors should see a annual total return in the 9% - 11% range at least for the next 5 years.

Jim Van Meerten is a Marketocracy Master

Hersey

Complete Article and Graphs

This morning I was interested in using Barchart to screen for the S & P 500 stock that had the most frequent new highs and Hersey (HSY) was right near the top of the list with 16 new highs and a price increase of 6.79% in just the last month. The market as measured by the Value Line Index had 9 new highs and was up 5.90% for the same period.

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 6.79% in the last month
• Relative Strength Index is 68.13% and rising
• Trades around 57.87 with a 50 day moving average of 55.87

Summary:  Although I believe the stock is fully priced Hershey (HSY) is still a buy for long term conservative investors.  The stock has a 100% price stability score so its pretty predictable.  With a 2.5% dividend and projected earnings increases long term investors could see a total annual return in the 5% - 6% bracket over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 7/7

Barchart Morning Call

Barchart.com - 1 hr 57 mins ago

Overnight Developments

• Global stocks are trading mixed with the European Euro Stoxx 50 up +0.42% and Sep S&Ps up +4.40 points. As expected, the BOE left its benchmark interest rate unchanged at 0.50% and kept its asset purchase target at 200 billion pounds. Later today, the ECB is expected to raise its 2-week refinancing rate for a second time this year by 25 bp to 1.50%. Treasuries are lower and most commodities are higher, with copper posting a 2-1/4 month high, while sovereign debt insurance costs climbed to records on concern higher interest rates will exacerbate Europe's debt crisis. The euro slipped to a 1-week low against the dollar after credit-default swaps to insure the government debts of Portugal, Greece and Ireland all rose to records. European stocks received a lift after May German industrial production rose +1.2% m/m and +7.6% y/y, stronger than expectations of +0.7% m/m and +7.0% y/y.
• The Asian stock markets today closed mixed: Japan down -0.11%, China -0.39%, Australia +0.01%, South Korea +0.33%, India +1.88%. A decline in Japanese utilities led the Nikkei 225 Stock Index lower after electricity providers fell when Japanese Trade Minister Kaieda said the nation will carry out stress tests on all nuclear reactors to address concerns in the wake of the Fukushima nuclear crisis. This may lead to continued power shortages and rolling blackouts in Japan as utilities struggle to restart before the stress tests are over. Chinese bank stocks rallied despite the third interest rate hike this year by the PBOC after Barclays Plc and Citigroup said the rate increases would be positive for banks' net-interest margins. The Australian dollar gained and the Aussie S&P 200 closed higher after Jun Australian employment rose by +23,400, stronger than expectations of +15,000.

Overnight U.S. Stock News

• September S&Ps this morning are trading up +4.40 points. The US stock market yesterday erased early losses brought on by China's interest rate increase and finished higher after automakers and transportation companies rallied: Dow Jones +0.45%, S&P 500 +0.10%, Nasdaq Composite +0.29%. The Dow and Nasdaq posted 1-1/2 month highs. Bullish factors included (1) strength in automakers after Morgan Stanley upgraded US automakers to "attractive" from "inline," (2) a rally in transportation stocks led by gains in Union Pacific on optimism over continued economic growth, and (3) gains in consumer-staple companies led by a rally in Costco Wholesale.
• Bearish factors included (1) concern that the action by the PBOC to raise interest rates for the third time this year to fight inflation will slow the Chinese economy and the global economy as well, (2) the +5.3% y/y increase in Jun Challenger job cuts, the first increase in 4 months, (3) the larger-than-expected decline in the Jun ISM non-manufacturing index (-1.2 to 53.3 versus expectations of -0.9 to 53.7), and (4) concern the European sovereign-debt crisis may worsen after credit-default swaps to insure Portuguese government surged to a record.
• Western Digital (WDC) climbed 1.9% in European trading after JPMorgan Chase upgraded the largest maker of computer hard-disk drives to "overweight" from "neutral."

Today's Market Focus

• September 10-year T-notes this morning are trading down -7 ticks. T-note prices yesterday moved higher and finished with moderate gains on increased safe-haven demand due to fears of contagion in the European debt crisis along with concern that China's action to raise interest rates for a third time this year will slow global economic growth: TYU11 +10.5, FVU11 +7.5, EDZ11 -2.0. Bullish factors included (1) increased safe-haven demand for Treasuries on concern the European sovereign-debt crisis will worsen after credit-default swaps to insure Portuguese government debt surged 93 bp to a record 864 bp, (2) concern that China's action to further tighten its monetary policy will slow the global economy, and (3) the larger-than-expected decline in the Jun ISM non-manufacturing index (-1.2 to 53.3 versus expectations of -0.9 to 53.7). Bearish factors included (1) a steepening of the yield curve after the difference in yield between 2-year T-notes and 30-year T-bonds climbed to 3.96 bp, the widest in 5 months, and (2) reduced safe-haven demand for Treasuries after stocks pared early losses and finished mixed.
• The dollar index this morning is trading higher and at a 1-week high with the dollar/yen +0.11 yen and the euro/dollar -0.30 cents. The dollar index yesterday rallied to a 1-week high on contagion fears to the European sovereign-debt crisis after Portugal became the second Euro-Zone nation after Greece to receive a junk credit rating from Moody's Investors Service: Dollar Index +0.468, USDJPY -0.148, EURUSD -0.01100. Bullish factors included (1) weakness in the euro which fell to a 1-week low against the dollar on concern the European debt crisis will worsen after the cost of credit-default swaps to insure Portuguese government debt surged to a record 864 bp and the extra yield investors demand to hold 10-year Portuguese bonds instead of 10-year German bunds widened to a record 930 bp, and (2) increased safe-haven demand for the dollar after global stocks fell on concern the global economy may falter after China raised interest rates for the third time this year. Bearish factors included (1) near-certainty of an ECB inertest rate hike at Thursday's policy meeting, which will further strengthen the euro's interest rate differentials over the dollar, and (2) the unexpected increase in May German factory orders, which is euro supportive.
• Aug crude oil prices this morning are up +66 cents a barrel and Aug gasoline is +2.09 cents per gallon. Aug crude oil and gasoline prices yesterday fluctuated on both sides of unchanged and finished mixed as a Chinese interest rate hike and a stronger dollar offset the outlook for reduced US crude supplies: CLQ11 -$0.24, RBQ11 +2.02. Aug crude rallied to a 3-week high but shed its gains and closed lower. Bearish factors included (1) the rally in the dollar index to a 1-week high, which erodes investment demand in commodities, (2) the action by China to raise interest rates for the third time this year, which may slow China's economy and its fuel demand, and (3) the larger-than-expected decline in the Jun ISM non-manufacturing index. Bullish factors included (1) the unexpected increase in May German factory orders, which signals increased energy consumption, and (2) the outlook for US crude supplies to fall for a fifth week when the DOE releases its weekly inventory figures on Thu (1-day late due to the Independence Day holiday). Expectations for the weekly DOE inventory figures are for crude oil stockpiles to fall -2.5 million bbl, gasoline supplies to stay unchanged, distillate inventories to gain +800,000 bbl and the refinery capacity rate to rise +0.2 to 88.3%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): ISCA-International Speedway (BEXT earnings consensus $0.27), HELE-Helen of Troy Ltd. (0.75), ZEP-Zep Inc. (0.32), HITK-Hi-Tech Pharmacal (0.71), LEDS-SemiLEDs Corp. (-0.07).
Global Financial Calendar

Thursday 7/7/11
United States
0815 ET	Jun ADP employment change expected +70,000, May +38,000.
0830 ET	Weekly initial unemployment claims expected -8,000 to 420,000, previous -1.000 to 428,000. Weekly continuing claims expected -2,000 to 3.700 million, previous -12,000 to 3.702 million.
1030 ET	Jun ICSC chain store sales, May +5.4% y/y.
1100 ET	Treasury announces amounts of 3-year T-notes (previous $32 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned Jul 12-14.
1230 ET	Kansas City Fed President Thomas Hoenig speaks to the Chickasaw Nation Business and Community Leaders Luncheon in Ada, OK.
1630 ET	Weekly money supply report and Fed balance sheet.
United Kingdom
0430 ET	May UK industrial production expected +1.1% m/m and -0.5% y/y, Apr -1.7% m/m and -1.2% y/y.
0430 ET	May UK manufacturing production expected +1.0% m/m and +2.1% y/y, Apr -1.5% m/m and +1.3% y/y.
0700 ET	BOE announces interest rate decision and asset purchase target (expected no change to the 0.50% benchmark rate or to the 200 billion pound asset purchase target).
Germany
0600 ET	May German industrial production expected +0.7% m/m and +7.0% y/y, Apr -0.6% m/m and +9.6% y/y.
Euro-Zone
0745 ET	ECB announces interest rate decision (expected +25 bp rate hike in the 2-week refinancing rate to 1.50%).
0830 ET	ECB President Jean-Claude Trichet speaks at monthly press conference.
Canada
0830 ET	May Canada new housing price index expected +0.2% m/m and +1.7% y/y, Apr +0.3% m/m and +1.9% y/y.
1000 ET	Jun Ivey purchasing managers index expected -1.6 to 67.5, May +11.4 to 69.1.
CHI
2200 ET	Q2 China business climate index, Q1 -4.2 to 133.8.

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

MSCI - Barchart Chart of the Day

Barchart.coms Chart of the Day - MSCI Inc (MSCI)

Barchart Research Team - Barchart.com - Wed Jul 06, 7:06PM CDT

Related Stocks

MSCI - MSCI Inc

Sym	Last	Chg	Pct
MSCI	38.99	+0.39	+1.01%

The "Chart of the Day" is MSCI Inc (MSCI), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. MSCI on Wednesday rallied by 1.55% and broke out to a new 5-1/2 month high. In recent news on the stock, MSCI on May 5 reported Q1 EPS of 43 cents, well above the consensus of 38 cents. MSCI Inc, with a market cap of $4.5 billion, is a leading provider of investment decision support tools to investment institutions worldwide with products including indices and portfolio analytics for use in managing equity, fixed income and multi-asset class portfolios.



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

Double Eagle Petroleum

Complete Article & Graphs

Today I added Double Eagle Petroleum (DBLE) to the Barchart Van Meerten Speculative portfolio solely on price momentum.

Barchart technical indicators:

• 80% Barchart short term technical buy signal
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and  up 53.03% in the last month
• Relative Strength Index 74.24% and rising
• Trades around 9.40 with a 50 day moving average of 7.67

Summary:  Double Eagle Petroleum (DBLE) has always had volatile sales and earnings so it is a highly speculative holding.  Nothing is sure on this one.

Jim Van Meerten is a Marketocracy Master

Ulta Salon Cosmetics

Complete Article & Graphs

This morning I had some room for another position in the Barchart Van Meerten New High portfolio so I used Barchart to screen for stocks trading over 100K shares a day that were having the most frequent number of new highs in the last month.  Near the top of the list was Ulta Salon Cosmetics (ULTA) with 16 new highs and a price increase of 34.48% in the last month.

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Relative Strength Index of 73.99% and still rising
• Trades around 66.77 which is above its 50 day moving average of 56.31

Summary:  Ulta Salon Cosmetics (ULTA) was added to the Barchart Van Meerten New High portfolio based on its recent price momentum.  The fact that analysts predict double digit growth in sales and earnings and that the Motley Fool All Stars give the stock a 91% endorsement to beat the market is just more icing on the cake.

Jim Van Meerten is a Marketocracy Master

BArchart Morning Call 7/6

Barchart Morning Call

Barchart.com - 17 mins ago

Overnight Developments

• Global stocks are trading mixed with the European Euro Stoxx 50 down -0.40% and Sep S&Ps down -6.40 points. European and US stocks fell, the euro declined and commodities weakened after China raised interest rates and on concern the European sovereign-debt crisis may worsen after Moody's Investors Service downgraded Portugal's credit rating to junk. The cost of credit-default swaps to insure Portuguese government debt surged 93 bp to a record 864 bp, while the extra yield investors demand to hold 10-year Portuguese bonds instead of 10-year German bunds widened to a record 930 bp. A plunge in Portuguese bank stocks is leading European stock prices lower, while China's action to raise interest rates by 25 bp is another negative factor pressuring stock prices. On the positive side, May German factory orders unexpectedly rose +1.8% m/ and +12.2% y/y, stronger than expectations of -0.1% m/m and +10.2% y/y.
• The Asian stock markets today closed mixed: Japan +1.10%, China -0.28%, Australia +0.15%, South Korea +0.44%, India -0.09%. After the close of Asian markets, the PBOC raised interest rates for the third time this year after May China consumer prices rose by +5.5% y/y, their fastest pace in 2-3/4 years. The PBOC raised the 1-year deposit rate to 3.50% from 3.25% and hiked the 1-year lending rate by 25 bp to 6.56% from 6.31%, effective tomorrow. Japan's Nikkei 225 Stock Index rose to a 3-3/4 month high, led by energy producers after crude oil climbed to a 2-week high and after May US factory orders rose, which may benefit Japanese exports as it suggests manufacturing in the US economy is recovering from a slowdown.

Overnight U.S. Stock News

• September S&Ps this morning are trading down -6.40 points. The US stock market yesterday finished mixed as weaker-than-expected May US factory orders and concern that the European debt crisis may worsen offset strength in energy producers: Dow Jones -0.10%, S&P 500 -0.13%, Nasdaq Composite +0.35%. The Dow posted a 1-1/4 month high and the Nasdaq climbed to a 1-1/2 month high. Bearish factors included (1) concern the European sovereign-debt crisis may worsen after Moody's Investors Service cut Portugal's long-term government bond rating to Ba2, or junk, with a negative outlook, (2) a slump in bank stocks after a Citigroup analysts said 2012 bank earnings estimates may be too high as "a prolonged low rate environment is consistent with weak earning asset growth," (3) the weaker-than-expected May factory orders (+0.8% versus expectations of +1.0%), and (4) weakness in insurance stocks after the New York Attorney General said it had subpoenaed 9 insurance companies in the past month into whether the insurance industry was adequately handling abandoned property such as unclaimed life-insurance proceeds.
• Bullish factors included (1) strength in energy producers as crude oil rallied to a 2-week high, and (2) a rally in gold producers after RBC Capital Markets said is sees potential for a second-half rally in the stocks.
• General Motors (GM) advanced 1.5% in pre-market trading after Morgan Stanley upgraded US automakers to "attractive" from "inline," saying GM is its top pick among automakers.
• Bank of America (BAC) fell 1.4% in European trading after China raised interest rates by 25 bp.

Today's Market Focus

• September 10-year T-notes this morning are trading up +10.5 ticks. T-note prices yesterday finished higher on increased safe-haven demand after Moody's warned that the credit outlook for Chinese banks may be deteriorating along with the statement from S&P that a French debt-rollover plan for Greece may prompt a "selective default" rating for the country: TYU11 +21.5, FVU11 +16.5, EDZ11 -0.5. Bullish factors included (1) increased safe-haven demand for Treasuries after Standard & Poor's warned that a bond-rollover plan drafted by French banks to help Greece with its financial crisis would likely qualify as a distressed exchange and prompt a "selective default" grade on Greek securities, (2) increased safe-haven demand for Treasuries after Moody's Investors Service said the credit outlook for China's banks is deteriorating because local Chinese government debt is about a third more than its national auditors' estimate, and (3) increased safe-haven demand for Treasuries on concern the European debt crisis will worsen after Moody's Investors Service cut Portugal's long-term government bond rating to Ba2, or junk, with a negative outlook. n Bearish factors included (1) the warning from Jeffries Group that the standoff between the Obama administration and Congress over increasing the government's borrowing limit may lead to higher T-note yields and (2) the prediction from Sage Advisory Services that "interest rates are overvalued" and "despite headwinds, the economic recovery will continue into the end of the year.
• The dollar index this morning is trading higher with the dollar/yen +0.02 yen and the euro/dollar -1.06 cents. The dollar index yesterday finished higher on increased safe-haven demand for the dollar after S&P warned that a French bond-rollover plan for Greek debt may qualify as a default along with the action by Moody's to cut Portugal's credit rating: Dollar Index +0.303, USDJPY +0.245, EURUSD -0.00959. Bullish factors included (1) increased safe-haven demand for the dollar after Moody's Investors Service cut Portugal's long-term government bond rating to junk with a negative outlook, (2) the warning from Standard & Poor's that a bond-rollover plan drafted by French banks to help Greece with its financial crisis would likely qualify as a distressed exchange and prompt a "selective default" grade on Greek securities, (3) concern that the European economy is slowing, which is euro negative, after May Euro-Zone retail sales fell more than expected and the Jun Euro-Zone PMI composite was unexpectedly revised down to a 20-month low, and (4) speculation that China's efforts to tame inflation will cool global economic growth after the Information Daily reported that the PBOC is likely to raise interest rates as soon as this weekend to combat consumer price increases. Bearish factors included (1) near-certainty of an ECB inertest rate hike at this Thursday's policy meeting, which will further strengthen the euro's interest rate differentials over the dollar, and (2) speculation that Friday's Jun US nonfarm payrolls will continue to show anemic labor market strength, which may prompt the Fed to maintain its overly easy monetary policy and record low interest rates
• Aug crude oil prices this morning are down -68 cents a barrel and Aug gasoline is -2.50 cents per gallon. Aug crude oil and gasoline prices yesterday rallied to 2-week highs and closed higher after European finance ministers approved additional aid for Greece and after US May factory orders increased: CLQ11 +$1.95, RBQ11 +0.48. Bullish factors included (1) the action by European finance ministers to approve an 8.7 billion-euro aid payment to Greece, which will help Greece avoid a debt default and may help stabilize the European economy and boost fuel demand, and (2) the rebound in May US factory orders, which rose +0.8% m/m and nearly recovered all of April's -0.9% m/m decline and indicates economic strength. Bearish factors included (1) the stronger dollar, (2) the unexpected downward revision to the Jun Euro-Zone PMI composite index to a 20-month low, which signals reduced energy demand and consumption, and (3) the report from the Information Daily that the PBOC is likely to raise interest rates as soon as this weekend to combat consumer price increases, which may slow China's economy and its fuel demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): AIR-AAR Corp (BEXT earnings consensus $0.47), SHLM-A Schulman (0.64), WDFC-WD-40 Co. (0.52).
Global Financial Calendar

Wednesday 7/6/11
United States
0700 ET	Weekly MBA mortgage applications, last market index -2.7% with purchase mortgage sub-index -3.0% and refinancing sub-index -2.6%.
0730 ET	Jun Challenger job cuts, May -4.3% y/y.
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET	Redbook weekly retailer sales.
1000 ET	Jun ISM non-manufacturing index expected -0.9 to 53.7, May +1.8 to 54.6.
1130 ET	Weekly 4-week T-bill auction.
Japan
0100 ET	May Japan coincident index CI expected 106.1, Apr 103.6. May leading index CI expected 99.8, Apr 96.2.
1950 ET	May Japan machine orders expected +3.0% m/m and +10.9% y/y, Apr -3.3% m/m and -0.2% y/y.
Germany
0600 ET	May German factory orders expected -0.5% m/m and +9.5% y/y, Apr +2.8% m/m and +10.5% y/y.
Canada
0830 ET	May Canada building permits expected +5.0% m/m, Apr -21.1% m/m.

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

Johnson & Johnson - Barhart Chart of the Day

Barchart.coms Chart of the Day - Johnson Johnson (JNJ)

Barchart Research Team - Barchart.com - Tue Jul 05, 5:03PM CDT

Related Stocks

JNJ - Johnson & Johnson

Sym	Last	Chg	Pct
JNJ	67.62	+0.32	+0.48%

The "Chart of the Day" is Johnson & Johnson (JNJ), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. JNJ on Tuesday rallied by 0.48% and posted a new all-time high. In recent news on the stock, Barron's on June 23 ran an article saying that JNJ has turned a corner and looks healthy again. Morgan Keegan on June 17 initiated coverage with a Market Perform and a target of $70, but Brean Murray on the same day initiated coverage with a Buy and a target of $77. Johnson & Johnson, with a market cap of $182 billion, is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world.


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

Fastenal buy signals

Complete article and graphs

This morning on Barchart one of the growth stocks having projected double digit increases of sales and earnings that is having current price momentum is Fastenal (FAST) with 14 new highs and a price increase of 16.37% in just the last month.  The company is benefiting from increases in  construction activity in both the new homes and remodeling of existing homes.

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 16.37% in just the last month
• Relative strength Index 74.77% and climbing
• Trades around 36.48 with a 50 day moving average of 33.11

Summary:  There is some new construction and a lot of the houses that were foreclosed need to be renovated before they will be able to be resold.  Fastenal (FAST) will benefit.  Long term investors should see a total return over the next 5 years in the 7 - 10% range. Always keep your portfolio full of stocks with double digit sales and earnings forecasts that are having current price momentum.

Jim Van Meerten is a Marketocracy Master

ScanSource point of sales profits

Complete Article & Graphs


Today on Barchart one of the growth stocks with the most consistent price momentum is ScanSource (SCSC).  Analysts predict double digit growth in both sales and earnings and the stock is up in 16 of the last 20 trading sessions and has gained 19.62% in just the last month.

Barchart technical indicators:

• 60% Barchart short term technical buy signals
• Trend Spotter buy signal
• Trades above its 20, 50 and 100 day moving averages
• 16 new highs and up 19.62% in the last month
• Relative Strength Index 75.71% and rising
• Trades around 38.49 with a 50 day moving average of 35.16

Summary:  If and when the world wide economy recovers retail business both new and existing will be buying point of sales equipment and software.  With new acquisitions and increasing market share ScanSource (SCSC) should do will.  Your portfolio should include stocks with double digit projections of increases in both sales and earnings with positive price momentum.

Jim Van Meerten is a Marketocracy Master

Triumph Group buy signals

Triumph Group (TGI)

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 23.23% in the last month
• Relative Strength Index 64.56% and rising
• Trades around 10.45 with a 50 day moving average of 9.68

Jim Van Meerten is a Marketocracy Master

BBVA Banco Frances

BBVA Banco Frabces (BFR)

• 80% Barchart short term technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 23.23% in the last month
• Relative Strength Index 64.56% and rising
• Trades around 10.45 with a 50 day moving average of 9.68

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 7/5

Barchart Morning Call

Barchart.com - 7 mins ago

Overnight Developments

• Global stocks are trading mixed with the European Euro Stoxx 50 up +0.27% and Sep S&Ps up +1.60 points. The dollar and Treasuries are stronger and commodities are mixed on concern the global economic recovery is fading. European stocks took a hit after the Jun Euro-Zone PMI composite was unexpectedly revised down -0.3 to 53.3, its slowest pace in 20 months, while the May Euro-Zone retail sales fell -1.1% m/m and -1.9% y/y, their biggest decline in a year and weaker than expectations of -1.0% m/m and -0.6% y/y. The euro weakened against the dollar after Standard & Poor's warned that a bond-rollover plan drafted by French banks to help Greece with its financial crisis would likely qualify as a distressed exchange and prompt a "selective default" grade on Greek securities.
• The Asian stock markets today closed mixed: Japan +0.07%, China +0.02%, Taiwan +0.11%, Australia -0.27%, Singapore -0.75%, South Korea +0.78%, Bombay -0.37%, Karachi +0.13%. Chinese bank stocks weakened after Moody's Investors Service said in a report that Chinese banks' loans to local governments are about 3.5 trillion yuan ($540 billion) more than the national auditor's estimate, and that the credit outlook for the Chinese banking system was potentially turning to negative. The PBOC said yesterday that China still faces "large" inflationary pressures snd the Information Daily reported today that the PBOC is likely to raise interest rates as soon as this weekend to combat consumer price increases that may have reached 6.2% y/y in June. Japan's Nikkei 25 Stock Index closed higher, led by gains in regional bank stocks, after Nomura Securities said regional Japan bank stocks were cheap and that it was "bullish" on Japan?s regional banks. The Australian dollar and the Aussie S&P 200 Stock Index weakened after the RBA kept its overnight cash rate unchanged at 4.75% for the seventh straight meeting and RBA Governor Stevens said Australia's "growth through 2011 is now unlikely to be as strong as earlier forecast" as the European debt crisis had "added to uncertainty" about the outlook for the world economy.

Overnight U.S. Stock News

• September S&Ps this morning are trading up +1.60 points. The US stock market last Friday rallied for a fifth day as Greek default concerns subsided and the Jun ISM manufacturing index was surprisingly strong: Dow Jones +1.36%, S&P 500 +1.44%, Nasdaq Composite +1.53%. The main bullish factor was the 1.8 point increase in the June ISM manufacturing index to 55.3 versus expectations for a decline of 1.7 points to 51.8. The stock market also found strength on the resolution of the fifth tranche of the Greek bailout package prior to the weekend meeting of Eurozone finance ministers. The stock market was able to shake off last Friday's weaker-than-expected U.S. economic data, which included the final-June U.S. consumer confidence index of -0.3 to 71.5 (versus expectations of +0.2 to 72.0), the 0.6% decline in May construction spending, and the decline in U.S. June vehicle sales to 11.41 million units from 11.76 million units in May (versus expectations for an increase of 12.08 million units).
• Google (GOOG) rose 1.1% in pre-market trading after the stock was raised to "overweight" from "equal weight" at Evercore Partners.
• SanDisk (SNDK) climbed 1.4% in European trading after Deutsche Bank upgraded the stock to "buy" from "hold," saying profit margins will become "far more sustainable."

Today's Market Focus

• September 10-year T-notes this morning are trading up +3 ticks. T-note prices last Friday continued lower on reduced Greek debt concernsalong with the stronger-than-expected ISM report: TYU11 -11, FVU11 -7, EDZ11 -1.
• The dollar index this morning is trading higher with the dollar/yen +0.34 yen and the euro/dollar -0.66 cents. The dollar index last Friday edged to a new 3-week low on reduced Greek debt concerns, which boosted the euro, but then regained some strength on the stronger than expected US Jun ISM report: Dollar Index +0.046, USDJPY +0.270, EURUSD +0.0024.
• Aug crude oil prices this morning are up +64 cents a barrel and Aug gasoline is -0.44 of a cent per gallon. Aug crude oil prices last Friday closed 48 cents lower while Aug gasoline prices closed slightly higher by 0.34 cents. Crude oil and gasoline prices last Friday generally consolidated near the top of the week's rally, which was based on expectations that Saudi Arabia and its Gulf partners will slow their announced production hike in order to offset the recent announcement by the IEA countries that they will release 80 million barrels of oil from emergency stockpiles.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): None.
Global Financial Calendar

Tuesday 7/5/11
United States
1000 ET	May factory orders expected +1.0%, Apr -1.2%.
1100 ET	USDA weekly grain export inspections.
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1700 ET	USDA weekly crop progress report for week ended Jul 3.
France
0350 ET	Revised Jun French PMI services expected no change at 56.7.
Germany
0355 ET	Revised Jun German PMI services expected no change at 58.3.
Euro-Zone
0400 ET	Revised Jun Euro-Zone PMI composite expected no change at 53.6.
0500 ET	May Euro-Zone retail sales expected -1.0% m/m and -0.6% y/y, Apr +0.9% m/m and +1.1% y/y.
United Kingdom
0430 ET	Jun UK PMI services, May -0.5 to 53.8.

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