MasterCard - MA - Barchart Chart of the Day

Barchart.coms Chart of the Day - MasterCard (MA)

Barchart Research Team - Barchart.com - Thu Aug 11, 4:41PM CDT

Related Stocks

MA - Mastercard Inc.

Sym	Last	Chg	Pct
MA	327.39	+23.68	+7.80%

The "Chart of the Day" is MasterCard (MA), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. MasterCard on Thursday rallied by 7.80% and continued to snap-back from Monday's 1-1/2 month low. A rally above last week's record high of $340.42 would be a particularly bullish technical signal. In recent news on the stock, MasterCard on Aug 3 reported Q2 EPS of $4.76, well above the consensus of $4.22, and that caused several Wall Street banks to reiterate their Buy recommendations and raise their price targets. MasterCard, with a market cap of $41 billion, is one of the world's largest credit card and payment processing companies.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are mostly a "Buy" and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 25% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 72% Buy

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Johnson & Johnson is a value buy

Johnson and Johnson (JNJ) is an S&P 100 company that is a core pharmaceutical holding in most Wall Street brokerages' recommended holdings list that has been selling at a discount  in the recent weeks.  As the economy recovers you should see a nice recovery in price and conservative accounts might realize a 12% annual total return over the next 5 years.  The 3.4% dividend yield is above average and at 45% of earnings looks safe to continue or even increase.

These Barchart indicators show a declining price momentum that may allow you to pick up a bargain:

• 56% Barchart technical sell signal -- technical sell signals can be a good reason to add to core holdings
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving average
• 13 new lows and down 6.22% off its recent high
• Relative Strength Index 27.93% and falling
• Trades around 63.94 which is below its 50 day moving average of 66.32
• Barchart support level is presently 63.82 which is very close to today's trading range

Summary:  If you believe the analysts' projections that Johnson and Johnson (JNJ) will  have increasing sales and earnings in the future then this current price weakness may be an opportunity to either add to you present holding or make a new position at a discounted price.  At the present price level JNJ is selling at a 15% discount to the rest of the market's P/E ratio.  Since this company has a A++ financial strength rating and a 100% rating for earnings persistence and earnings predictability, invest by the numbers.  My way to play this great opportunity is to milk the price weakness by putting in a moving buy stop at the 20 day moving average.

Jim Van Meerten is a Marketocracy Master

Buy GE or the S&P 500?

General Electric  (GE) is a conglomerate that is so big that it almost mimics the overall economy.  With a split of 47%  US and 53% overseas revenue it mimics the work-wide economy.  You could buy ETFs to mimic the world wide economy, buy a mutual fund that will pick and chose stocks from a world-wide universe or buy put all your eggs in one basket and buy GE with stop losses in place if the economy collapses.


Barchart technical indicators:

• 66% Barchart technical sell signals
• Trend Spotter technical Hold signal
• Below its 20, 50 and 100 day moving averages
• 14.15% off its recent high
• Relative Strength Index 42.62% buy still falling
• Trading around 18.39 which is below its 50 day moving average of 18.75
• Support level presently at 17.90

Jim Van Meerten is a Marketocracy Master

Why is Google so popular?

This is the second article is a series of stocks that have the highest general investor interest as measured by the number of Motley Fool readers who express an opinion on a stock.  Today Google (GOOG) comes in second only to Apple (AAPL) with 16,927 readers expressing an opinion; which happens to be that 85% of those readers think the stock will out perform the market.  The price momentum on the Barchart price chart confirms their prediction.

Google Inc. (GOOG) maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. It offers AdWords, an auction-based advertising program; AdSense program, which enables Web sites that are part of the Google Network to deliver ads from its AdWords advertisers; Google Display, a display advertising network that comprises the videos, text, images, and other interactive ads; DoubleClick Ad Exchange, a real-time auction marketplace for the trading of display ad space; and YouTube that provides video, interactive, and other ad formats for advertisers. The company also provides Google Mobile that optimizes Google’s applications for mobile devices in browser and downloadable form; and enables advertisers to run search ad campaigns on mobile devices, as well as Google Local that provides local information on the Web; and Google Boost for small businesses to participate in the ads auction. In addition, it offers Android, an open source mobile software platform; Google Chrome OS, an open source operating system; Google Chrome, a Web browser; Google TV, a platform for the consumers to use the television and the Internet on a single screen; and Google Books platform to discover, search, and consume content from printed books online. Further, the company provides Google Apps, a cloud computing suite of message and collaboration tools, which includes Gmail, Google Docs, Google Calendar, and Google Sites; Google Search Appliance that offers real-time search of business and intranet applications, and public Web sites; Google Site Search, a custom search engine; Google Commerce Search for online retail enterprises; Google Checkout to make online shopping and payments streamlined and secure; Google Maps Application Programming Interface; and Google Earth Enterprise, a firewall software solution for imagery and data visualization. Google Inc. was founded in 1998 and is headquartered in Mountain View, California. (Yahoo Finance)

Barchart technical indicators:

• 80% Barchart overall technical buy signal
• Trend Spotter technical buy signal
• Trades above its 20, 50 and 100 day moving average
• 14 new highs and up 30.51% in the last month
• Relative Strength Index is 75.57 and rising
• Trades around 619.64 which is above its 50 day moving average of 527.66

Fundamental factors:

• Wall Street brokerage analysts consider this a core holding for growth portfolios
• Analysts have issued 13 strong buy, 20 buy, 5 hold and no negative recommendations to their clients
• Sales are projected to increase by 30.30% this year and another 22.20% next year
• Earnings are estimated to increase by 19.70% this year, followed by another 18.10% next year and continue by 18.86% annually for at least the next 5 years
• The stock is trading slightly below its 12 month trailing P/E ratio at about 92% of its past P/E trading range
• This company is one of the few that says it will add headcount next year and has a 6,000 employee increase projected

General investor sentiment:

• The 16,927 Motley Fool readers that expressed an opinion had 85% vote that the stock will beat the market
• 3,480 of the more experienced All Stars are slightly more positive with 90% voting that the stock will out perform the market
• The Wall Street analysts Fool follow vote 46 to 0 that the stock will beat the market

Summary: Google's (GOOG) double digit increases in sales and earnings are a great sign.  The announcement of 6,000 additional employees is a bright spot in this economy.  Investors could see a 23% increase +/- 4% annually over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Apple - Why is it popular?

I'd like to start a new series of articles on the stocks that are the Top 100 stocks when ranked by individual investor interest and look at them in an objective manner to see is they still warrant our attention.  Right or wrong I'll use the number of readers who have expressed an opinion on Motley Fool as my indicators of general investor interest.  Today the stock that ranks the highest individual postings is Apple (AAPL) with 26,280 Motley Fool readers expressing an opinion.  To me Apple is interesting on momentum alone when I look at this chart of price momentum provided by Barchart.

Apple Inc., (AAPL) together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers. In addition, it sells third-party Mac, iPhone, iPad, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals through its online and retail stores; and digital content and applications through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative markets. As of September 25, 2010, it had 317 retail stores, including 233 stores in the United States and 84 stores internationally. The company, formerly known as Apple Computer, Inc., was founded in 1976 and is headquartered in Cupertino, California. (Yahoo Finance)

Barchart technical indicators:

• Barchart 88% overall technical buy signal
• Trend Spotter technical buy signal
• Trades above its 20, 50 and 100 day moving averages
• 14 new highs and up 22.47% in the last month
• Relative Strength Index of 83.22% that is still rising
• Currently trades at 399.79 which is above its 50 day moving average of 344.01

Fundamental factors:

• The stock is a Wall Street brokerage analysts' darling and is considered a core growth holding by most firms
• Brokerage analysts have 28 strong buy, 25 buy, 3 hold and only 1 sell recommendation published for their clients
• Sales projections are out of sight with an increase of 65.40% expected this year followed by another 22.50% increase next year
• Earnings are estimated to increase by 78.60% this year, 17.00% next year and continue to increase by 22.08% annually for at least 5 year
• Personally, I like to own stocks that have double digit forecasts for sale and earning increases and this stock fits that criteria
• At the present time the price/earnings ratio is 84% of its normal trailing P/E ratio
• The price growth persistence has been a 100 score

General investor sentiment:

• On Motley Fool 26,290 readers have expressed an opinion and 92% have voted that this stock will beat the market
• The more experienced All Stars are more optimistic with 5,385 readers giving the thumbs up by 96%
• Fool follows other Wall Street analysts and reveal a 57 to 0 vote that the stock will out perform the market

Summary:  This stock has been a darling of both the professional and individual investor for quite some time.  The stock is expected to have double digit increases in both sales and earnings and is still trading at about 84% of its normal P/E ratio so investors are still looking for price increases.  If everyones' expectations are met I look for an annual increase in price in the range of 25% +/- 5% for at least the next 5 years.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/11

Barchart Morning Call

Barchart.com - 40 mins ago

Overnight Developments

• Global stocks are mixed with the European Euro Stoxx 50 up +0.30% and Sep S&Ps up +10.00 points. The dollar, Treasuries and most commodities are weaker as gold fell back from an all-time nearest-futures high of $1,813.50 an ounce after the CME raised margins on gold futures contracts by 22%. European stocks had fallen to a 2-1/3 year low after Societe Generale SA, France's second-biggest bank, fell 4.9% and led European bank stocks lower as it extended yesterday's 15% plunge. BNP Paribas, France's biggest bank, slumped 6.6% and UniCredit SpA, Italy's biggest bank, fell 4.2% as credit default swaps to insure Italian government debt rose to a record. European stocks recovered and the euro gained after the Jul German wholesale price index fell -0.6% m/m for a second month, while better-than-expected earnings results from Cisco helped US stock index futures to advance.
• The Asian stock markets today closed mixed with Japan down -0.63%, China +1.52%, Australia -0.01%, South Korea +0.39%, India -0.42%. Asian stocks were undercut by the slide in US and European markets yesterday that weakened confidence and worsens the outlook for exports. Japanese exporters were also pressured after the yen climbed to a 1-1/2 week high against the dollar. Another negative factor for Japanese stocks was the Kyodo News and Nikkei report that said the Japanese government will cut its growth forecast for Japan this year to 0.5% from a previous 1.5% estimate. An increase in Japan machine orders for a second month limited declines in stock prices as Jun Japan machine orders rose +7.7% m/m and +17.9% y/y, better than expectations of +1.8% m/m and +11.3% y/y. The Chinese yuan continues to strengthen against the dollar as it climbed to 6.3895, the strongest level since 1993, on speculation China will use the appreciating currency to help rein in inflation.

Overnight U.S. Stock News

• September S&Ps this morning are trading up +10.00 points. The US stock market yesterday tumbled right from the opening and settled sharply lower on concern that Europe will fail to contain its sovereign-debt crisis and that the global recovery will continue to weaken: Dow Jones -4.62%, S&P 500 -4.42%, Nasdaq Composite -4.09%. Bearish factors included (1) carry-over weakness from a plunge in European stocks to a 2-year low on concern over contagion of the European debt crisis after credit default swaps to insure the government bonds of France rose to a record, (2) the action by the BOE to cut its 2011 and 2012 UK growth estimates, which adds to evidence that the global economy is in a slowdown, (3) weakness in financial companies and bank stocks, and (4) a slump in companies that are most-dependent on economic growth on speculation the earnings of those companies will fall as the economy slows.
• Bullish factors included (1) the +30.4% increase in the refinancing sub-index of the weekly MBA mortgage applications index, the biggest increase in 2-1/3 years which may help sustain consumer spending going forward as homeowners lower their monthly mortgage payments, (2) the statements from Standard & Poor's, Fitch Ratings and Moody's Investors Service in which they all affirmed their top AAA credit rating for France, and (3) strength in gold producers and mining companies after gold prices rose to another record high.
• Cisco Systems (CSCO) jumped 10% in pre-market trading after the company reported fiscal Q4 profit, excluding some costs, was 40 cents a share, ahead of analysts' estimates of 38 cents.

Today's Market Focus

• September 10-year T-notes this morning are trading down -5 ticks. T-note prices yesterday shook off early losses and moved higher on increased safe-haven demand for Treasuries after the equity market tanked and on concern the European debt crisis may spread after credit default swaps to insure the government bonds of France rose to a record: TYU11 +7.5, FVU11 -0.2, EDZ11 -3.0. Bullish factors included (1) strong safe-haven demand after the stock market plunged, (2) increased safe-haven demand on concern the European debt crisis may worsen after credit default swaps to insure the government bonds of France rose to a record, (3) strong overall demand for the Treasury?s $24 billion 10-year T-note auction that had a bid-to-cover ratio of 3.22, stronger than the 12-auction average of 3.11, and (4) the flatter yield curve after the Fed's post-FOMC statement that they will keep the funds rate "exceptionally low" until 2012 prompted investors to purchase Treasuries farther out on the yield curve which narrowed the yield spread between the Fed funds rate and 10-year T-notes to a 2-1/2 year low of 192 bp. Bearish factors included (1) reduced safe-haven demand for Treasuries after Standard & Poor's, Fitch Ratings and Moody's Investors Service affirmed their top AAA credit rating for France, (2) reduced foreign demand for US debt after indirect bidders at the $24 billion 10-year T-note auctioned purchased only 35.4% of the notes, well below the 12-auction average of 50.3%, and (2) supply pressures ahead of the Treasury's $16 billion auction of 30-year T-bonds on Thu.
• The dollar index this morning is weaker with the dollar/yen -0.22 yen and the euro/dollar +0.12 cents. The dollar index yesterday recovered from a 1-week low and settled higher on increased safe-haven demand from the rout in equity markets along with weakness in the euro on concern the European debt crisis may spread to France: Dollar Index +0.031, USDJPY -0.102, EURUSD -0.01979. Bullish factors included (1) increased safe-haven demand for the dollar after the stock market tumbled, (2) concern the European sovereign-debt crisis may spread to France after credit default swaps to insure the government bonds of France rose to a record, and (3) the slump in the British pound to a 2-1/2 week low against the dollar after the BOE said in its quarterly inflation report that the outlook for growth has weakened. Bearish factors included (1) speculation the Fed may boost its stimulus measures to bolster the economy, which would further weaken the dollar's interest rate differentials and (2) strength in the Chinese yuan which rose to a 17-year high of 6.4120 against the dollar on speculation the PBOC will allow faster appreciation of the yuan to temper inflation after the Jul China trade surplus widened to a 2-year high and Jul China consumer prices climbed at their fastest pace in 3 years.
• Sep crude oil prices this morning are down -7 cents a barrel and Sep gasoline is -0.60 of a cent per gallon. Sep crude oil and gasoline prices yesterday moved sharply higher after weekly crude and gasoline inventories unexpectedly declined along with speculation the Fed may boost stimulus measures to bolster the economy: CLU11 +$3.59, RBU11 +11.49. Bullish factors included (1) the unexpected decline in weekly DOE energy inventories (crude oil -5.22 million bbl versus expectations of +1.5 million bbl, gasoline -1.59 million bbl versus expectations of +900,000 and distillates -737,000 bbl versus expectations of +1.0 million bbl), (2) increased demand after total US fuel products supplied in the week ended Aug 5 surged 652,000 barrels a day, or +3.3%, to 20.3 million barrels a day, the highest in 7-1/2 months, and (3) speculation the Fed may implement further stimulus measures to spur the economy, which may boost fuel demand. Bearish factors included (1) a reversal in the dollar after the dollar index recovered from a 1-week low and settled sharply higher, which reduces investment demand in commodities, (2) the slump in stock prices, which undercuts confidence in the economic outlook and energy demand, (3) the action by the IEA to cut its 2011 global oil demand forecast to 89.5 million barrels a day, down -60,000 bbl from a Jul forecast, and warned that it may also need to cut its 2012 demand forecast as "storm clouds" threaten the economic recovery, and (4) customs data from China that showed Jul China crude imports fell -1% to 19.23 MMT, a 9-month low.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): KSS-Kohl's (BEST earnings consensus $1.08), SLE-Sara Lee (0.20), JWN-Nordstrom (0.74), NVDA-Nvidia (0.31), KOS-Kosmos Energy Ltd. (0.07), MCP-Molycorp (0.42), DV-Devry (1.04), RGLD-Royal Gold (0.40), RENN-Renren (0.00), BR-Broadridge Financial Solutions (0.91), AMCX-AMC Networks (0.49), AL-Air Lease (0.10), WEN-Wendy's (0.05), TGP-Teekay LNG Partners LP (0.46), EAT-Brinker International (0.47).
Global Financial Calendar

Thursday 8/11/11
United States
0830 ET	Weekly initial unemployment claims expected +5,000 to 405,000, previous -1,000 to 400,000. Weekly continuing claims expected -5,000 to 3.725 million, previous +10,000 to 3.730 million.
0830 ET	Jun trade balance expected -$48.0 billion, May -$50.2 billion.
1100 ET	Treasury announces amount of 5-year TIPS to be auctioned Aug 18 (previous $14 billion).
1300 ET	Treasury auctions $16 billion 30-year T-bonds.
1630 ET	Weekly money supply report and Fed balance sheet.
Germany
0200 ET	Jul German wholesale price index, Jun -0.6% m/m and +8.5% y/y.
Euro-Zone
0400 ET	ECB publishes its monthly report for Aug.
Canada
0830 ET	Jun Canada new housing price index expected +0.3% m/m and +2.1% y/y, May +0.4% m/m and +1.9% y/y.

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

Eldorado Gold - EGO - Barchart Chart of the Day

Barchart.com's Chart of the Day - Eldorado Gold (EGO)

Barchart Research Team - Barchart.com - Wed Aug 10, 6:20PM CDT

Related Stocks

EGO - Eldorado Gold Corp

Sym	Last	Chg	Pct
EGO	19.47	+0.88	+4.73%

The "Chart of the Day" is Eldorado Gold (EGO), which showed up on Wednesday's Barchart "Top 100 Signals" list. Eldorado Gold on Wednesday rallied by 4.73% and broke out to a new 11-month high on the continued rally in gold prices. The stock on Wednesday's high of $19.82 was just 35 cents below the record high of $20.17 posted in September 2010. TrendSpotter has been Long on Eldorado Gold since July 6 at $15.97. In recent news on the stock, Eldorado Gold on July 28 reported in-line Q2 EPS of 14 cents. Eldorado Gold, with a market cap of $9.5 billion, is a gold producing and exploration company with gold assets in Brazil and Turkey.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Signals - Top 100 Stocks" list. The Top 100 Stocks ranks stocks by a combination of their overall opinion, signal strength and signal direction to come up with a list of the top 100 stocks by opinion. Each analytic used within the signals is rated by signal strength and direction. The strengths are allocated 10, 20, 30, 40 or 50 points; the directions are allocated 1, 2, 3, 4 or 5 points. This gives a maximum of 55 points per signal. The totals are added up depending on buy, sell and hold rating and ranked 1 to 100 for the top 100 bullish stocks and the top 100 bearish stocks. The signal strength and signal direction ratings are available from the advanced opinion pages. Signal strength and signal direction are independent of the signals rating.
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: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 33% Buy
• Overall Average 88% 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

Barchart Morning Call 8/10

Barchart Morning Call

Barchart.com - 41 mins ago

Overnight Developments

• Global stocks are mixed with the European Euro Stoxx 50 up +0.40% and Sep S&Ps down -9.40 points. Treasuries and the dollar are lower and commodities gained with Sep crude up over +$3.00 a barrel. The Swiss franc fell from a record after the Swiss central bank said it will "significantly" increase the supply of liquidity to banks, while Spanish and Italian government bonds rallied after the ECB purchased them for a third day. Limiting gains in European stocks is concern over contagion of the European sovereign debt crisis as credit default swaps to insure the government bonds of France rose to a record. Another negative for European stocks was the -1.6% m/m decline in Jun French industrial production, greater than expectations of -0.7% m/m. The British pound weakened against the dollar after the BOE released its quarterly inflation report which said inflation may undershoot the central bank's 2.0% target and BOE Governor King said headwinds buffeting the UK economy are intensifying "by the day" and officials can expand stimulus if the outlook for growth deteriorates further. The BOE also cut its 2011 UK GDP estimate to 1.5% from a May estimate of 1.8% and cut its 2012 UK growth projection to 2.1% from 2.5%.
• The Asian stock markets today closed mostly higher with Japan up +1.05%, China +0.93%, Australia +2.64%, South Korea -0.12%, India +1.62%. Asian stocks closed higher after the Fed boosted investor confidence with a pledge to keep interest rates at a record low at least through mid-2013. Gains in Japanese stocks were limited as the yen strengthened to a 1-week high against the dollar and drove down exporters' shares. The chance of further Japanese intervention in currency markets to weaken the yen increased after Japanese Finance Minister Noda said that "recent one-sided movements in the currency market risk hurting the economy's recovery from the earthquake." Chinese stocks received a boost after the Jul China trade balance rose a more than expected +$31.48 billion to a 2-year high as exports rose to a record $175.1 billion. Jul China exports rose +20.4%y/y, stronger than expectations of +17.0% y/y and Jul China imports gained +22.9% y/y, also stronger than expectations of +22.0% y/y.

Overnight U.S. Stock News

• September S&Ps this morning are trading down -9.40 points. The US stock market yesterday erased overnight losses and moved higher on short covering and bargain hunting and then surged in afternoon trade after the Fed promised more stimulus measures if the economy continues to falter: Dow Jones +3.98%, S&P 500 +4.74%, Nasdaq Composite +5.29%. The S&P 500 posted an 11-month low, the Dow fell to a 10-1/2 month low and the Nasdaq dropped to a 10-month low but all the indexes erased their losses and finished higher. Bullish factors included (1) bargain hunting by stock investors after the price-earnings ratio of stocks in the S&P 500 fell to 11.3 times estimated income, the lowest in over 2-years, (2) the post-FOMC statement in which the Fed said it will hold the funds rate "exceptionally low" through at least mid-2013 and it was prepared to use additional policy tools "as appropriate," (3) strength in commodity and energy producers after crude oil rose and gold prices surged to another record high, and (4) the continued decline in interest rates as the 10-year T-note yield fell to an all-time low of 2.034%.
• Bearish factors included (1) the -0.3% decline in Q2 nonfarm productivity along with the downward revision to Q1 nonfarm productivity to -0.6% from the originally reported +1.8%, which shows the first back-to-back decrease in productivity since Q3 and Q4 of 2008 and may keep employers from hiring additional workers or increasing wages, (2) the post-FOMC statement that said "downside risks" to the economic outlook have increased as labor market indicators have "deteriorated" and US household spending has "flattened out," (3) the larger-than-expected +6.5% gain in Jul China consumer prices, the most in 3 years which may limit stimulus measures the Chinese government can use to prop up its economy, and (4) comments from ECB Council member Nowotny who said there is "fear" that the global economy could enter a downturn again and that the current situation had "parallels" to the period after Lehman Brothers collapsed with banks parking funds at central banks.

Today's Market Focus

• September 10-year T-notes this morning are trading down -8.5 ticks. T-note prices yesterday retreated from a 2-1/2 year high in overnight trade as the stock market recovered but T-notes erased their losses and surged to an all-time nearest-futures high on strong demand for the Treasury's $32 billion 3-year T-note auction along with the post-FOMC statement that said "downside risks" to the economic outlook had increased: TYU11 +1-8/32, FVU11 +25, EDZ11 +5.0. The yield on the 10-year T-note fell to an all-time low of 2.034%. Bullish factors included (1) strong safe-haven demand during overnight trade after global stock markets sold off, (2) strong demand for the Treasury's $32 billion 3-year auction that had a bid-to-cover ratio of 3.29, higher than the 12-auction average of 3.16, while indirect bidders, a class of investors that includes foreign central banks, took 47.9% of the auctioned 3-year T-notes, well above the 12-auction average of 35.1%, and (3) the post-FOMC statement that said the Fed will hold the funds rate "exceptionally low" through at least mid-2013 as "downside risks" to the economic outlook increased. Bearish factors included (1) reduced safe-haven demand for Treasuries after equity prices rallied sharply late in the session, (2) the downward revision to Q1 nonfarm productivity to -0.6% from the originally reported +1.8% and the upward revision to Q1 unit labor costs to +4.8% from the originally reported +0.7%, their biggest gain since Q4 of 2008, (3) the dissention by Minneapolis Fed President Kocherlakota, Dallas Fed President Fisher and Philadelphia Fed President Plosser on Tuesday's FOMC decision, and (4) supply pressures ahead of the Treasury's $24 billion auction of 10-year T-notes on Wed.
• The dollar index this morning is lower with the dollar/yen -0.44 yen and the euro/dollar -0.15 cents. The dollar index yesterday settled lower as the stock market recovered and on speculation the Fed may boost its stimulus measures to ensure the economy stays afloat: Dollar Index -0.186, USDJPY -0.810, EURUSD +0.01975. Bearish factors included (1) reduced safe-haven demand for the dollar after the stock market erased overnight losses and settled sharply higher and (2) speculation the Fed may boost stimulus measures to ensure an economic recovery, which may further weaken the dollar's interest rate differentials. Bullish factors included (1) the larger-than-expected decline in Jun German exports, which is euro negative and (2) comments from ECB Council member Nowotny which may boost the safe-haven demand for the dollar when he said there is "fear" that the global economy could enter a downturn again.
• Sep crude oil prices this morning are up +$3.16 a barrel and Sep gasoline is +8.85 cents per gallon. Sep crude oil and gasoline prices yesterday recovered from early losses tied to stock market weakness and OPEC's action to cut its global oil demand forecast but couldn't hold their gains and closed lower after the Fed refrained from announcing additional stimulus measures: CLU11 -$2.01, RBU11 -2.38. Sep crude posted a 10-1/2 month low and Sep gasoline fell to a 5-1/2 month low. Bearish factors included (1) OPEC's action to cut its global consumption forecast for this year by -150,000 barrels a day to 88.1 million barrels a day, citing "dark clouds" over the global economy as developing nations "struggle with rising sovereign debt and high unemployment," (2) the action by the US Energy Department to cut its crude oil price forecast for 2011 to an average $95.71 a barrel from $98.43, (3) the Fed standing pat and not announcing any additional stimulus measures to spur the economy, and (4) the outlook for weekly crude supplies to increase for a third week when the DOE releases its weekly inventory figures on Wed. Bullish factors included (1) a weaker dollar, which encourages investment demand in commodities and (2) the rebound in equity prices which recovered from sharp losses overnight to trade higher, which boosts confidence in the economic outlook and energy demand. Expectations for Wednesday's weekly DOE inventories are for crude oil supplies to rise +1.5 million bbl, gasoline stockpiles to build by +900,000 bbl, distillate inventories to gain +1.0 million bbl and the refinery capacity rate to fall -0.3 to 89.0%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CSCO-Cisco Systems (BEST earnings consensus $0.38), NWSA-News Corp. (0.30), RL-Polo Raplph Lauren (1.47), M-Macy's (0.50), BAP-Credicorp Ltd. (2.03), UPL-Ultra Petroleum (0.65), CSC-Computer Sciences (0.69), AAP-Advanced Auto Parts (1.38), AVT-Avnet (1.15), AH-Accretive Health (0.10), CZZ-Cosan Ltd. (0.16), IOC-InterOil (0.13), HAR-Harman International Industries (0.44), HHC-Howard Hughes Corp. (0.00), ABH-AbitibiBowater (0.26), RATE-Bankrate (0.11).
Global Financial Calendar

Wednesday 8/10/11
United States
0700 ET	Weekly MBA mortgage applications, previous +7.1% with purchase mortgage sub-index +5.1% and refinancing mortgage sub-index +7.8%.
1000 ET	Jun wholesale inventories expected +1.0%, May +1.8%.
1300 ET	Treasury auctions $24 billion 10-year T-notes.
1400 ET	Jul monthly budget statement expected -$135.0 billion, Jun -$43.1 billion.
Germany
0200 ET	Revised Jul German CPI (EU harmonized) expected no change at +0.5% m/m and +2.6% y/y.
France
0245 ET	Jun French industrial production, May +2.0% m/m and +2.6% y/y.
0245 ET	Jun French manufacturing production, May +1.5% m/m and +5.4% y/y.
United Kingdom
0530 ET	BOE releases its quarterly inflation report.
Japan
1950 ET	Jun Japan machine orders expected +1.8% m/m and +11.3% y/y, May +3.0% m/m and +10.5% y/y.

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

Caribou Coffee - CBOU - Barchart Chart of the Day

Barchart.coms Chart of the Day - Caribou Coffee (CBOU)

Barchart Research Team - Barchart.com - Tue Aug 09, 5:46PM CDT

Related Stocks

CBOU - Caribou Coffee Company

Sym	Last	Chg	Pct
CBOU	16.24	+2.59	+18.97%

The "Chart of the Day" is Caribou Coffee (CBOU), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Caribou Coffee on Tuesday rallied by 18.97% and posted a new all-time high of $16.00. The stock has been very volatile in the past week with the whipsaws in the broad market. In recent news on the stock, Caribou Coffee on August 3 reported Q2 EPS of 13 cents versus the consensus of 9 cents and issued FY2011 guidance of 39-41 cents versus the consensus of 38 cents. The Star Tribune on July 11 reported that new food and beverage products have helped drive Caribou's stock to a return high with an 8% yr/yr revenue gain in 2010 and an 83% net income gain. Caribou Coffee, with a market cap of $320 million, is the second largest company-owned gourmet coffeehouse operator in the United States based on the number of coffeehouses.


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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Quote
Detailed Quote
Chart

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Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

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Barchart Morning Call 8/9

Barchart Morning Call

Barchart.com - 33 mins ago

Overnight Developments

• Global stocks are mixed with the European Euro Stoxx 50 down -1.00% at a 2-1/3 year low and Sep S&Ps up +14.50 points, as they rebounded from an 11-month low posted in the overnight Globex session. The dollar is weaker and Treasuries retreated from a 2-1/2 year high ahead of today's FOMC meeting. Commodities are mixed as crude oil slid to a 10-1/2 month low after OPEC cut its global demand forecasts and gold prices posted yet another nearest-futures record high of $1,779.00 an ounce. The euro gained against the dollar after the ECB bought Spanish and Italian government bonds for a second day and ECB Council member Nowotny said there is "fear" that the global economy could enter a downturn again and that the current situation had "parallels" to the period after Lehman Brothers collapsed with banks parking funds at central banks. Helping to keep European stocks in negative territory was the larger-than-expected -1.2% decline in Jun German exports along with the unexpected stagnation in Jun UK industrial production which was unchanged m/m, weaker than expectations of +0.4% m/m.
• The Asian stock markets today closed mixed with Japan down -1.68%, China +0.15%, Australia +1.22%, South Korea -3.68%, India -0.78%. Asian markets tumbled as they followed US and European markets lower on concern a slowing global economy will limit demand for Asian exports. Australian stocks reversed losses and closed higher on speculation the Fed will announce measures to support markets and after other Asian markets rebounded from their worst levels. South Korea's Kospi Stock Index pared a 9.9% decline after the Korea Teachers Pension, South Korea's second-largest pension fund, said it bought Korean stocks during recent market sell-offs and plans to buy more if prices fall further. China's Shanghai Stock Index fell to a 1-year low after Jul China CPI rose +6.5% y/y, stronger than expectations of +6.4% y/y and the fastest pace of increase in 3 years, which may limit any Chinese policy response to support growth. Jul China industrial production rose +14.0% y/y, weaker than expectations of +14.6% and Jul China retail sales rose +17.0% y/y, also weaker than expectations of +17.7% y/y.

Overnight U.S. Stock News

• September S&Ps this morning are trading up +14.50 points in extremely volatile trade as they rebound from an 11-month low posted earlier in overnight trade. The US stock market plunged yesterday and settled with enormous losses after the action by Standard & Poor's to cut the credit rating of the US fueled concern the US economic slowdown may worsen: Dow Jones -5.55%, S&P 500 -6.66%, Nasdaq Composite -6.90%. The S&P 500 fell to a 10-1/2 month low, the Dow sank to a 10-month low, and the Nasdaq slipped to a 9-1/2 month low. Bearish factors included (1) the action by Standard & Poor's to cut the AAA credit rating of the US one level to AA+ and to keep its outlook on US debt "negative," (2) weakness in bank and financial stocks after S&P also cut the credit ratings on Fannie Mae, Freddie Mac, and other lenders with a "direct reliance on the US government," which spurred concern over the ripple effects of the loss of America's AAA rating, (3) the sell-off in raw material and energy producers on concern the cut in the US credit rating will dampen the global economy and erode demand for commodities, and (4) the action by Goldman Sachs to cut its 2011 target for the S&P 500 to 1,400 from a previous forecast of 1,450 saying "uncertainty and fear trump fundamentals and valuations."
• Bullish factors included (1) the statement from the G-7 that said it will "take all necessary measures to support financial stability and growth," (2) the action by the ECB to purchase Italian and Spanish government bonds, which may stem the contagion of the European sovereign-debt crisis, and (3) a rally in gold producers and mining stocks after the price of gold surged to a record high.

Today's Market Focus

• September 10-year T-notes this morning are trading down -5.5 ticks. T-note prices yesterday rallied sharply due to strong safe-haven demand after global equity markets plunged following S&P's decision to cut the long-term credit rating of the US: TYU11 +1-17/32, FVU11 +20.2, EDZ11 -7.5. Sep T-notes posted a 2-1/2 year nearest-futures high and the yield on the 10-year T-note fell to a 2-1/2 year low of 2.324%. Bullish factors included (1) increased safe-haven demand for Treasuries as global stock markets plunged after Standard & Poor's cut the AAA credit rating on America's debt one level to AA+ and kept its outlook at "negative," (2) the statement from Japanese Finance Minister Noda who said that US Treasuries were "attractive," and (3) that statement from Moody's Investors Service that said it reaffirms its top AAA credit rating for the US because "the dollar's status as the main reserve currency allows it to support higher debt levels than other countries," which may signal Moody's will not cut the credit rating of the US anytime soon. Bearish factors included (1) reduced safe-haven demand for Treasuries after the ECB purchased Italian and Spanish government bonds to stem the contagion of the European debt crisis and (2) supply pressures ahead of the Treasury's $32 billion auction of 3-year T-notes on Tue.
• The dollar index this morning is lower with the dollar/yen -0.68 yen and the euro/dollar +0.91 cents. The dollar index yesterday shook off early losses from the downgrade of US sovereign debt by Standard & Poor's and closed higher as global stock markets plunged, which fueled safe-haven buying of the dollar and after Moody's Investors Service reiterated its top AAA credit rating for the US because of the dollar's role as a reserve currency: Dollar Index +0.193, USDJPY -0.667, EURUSD -0.01029. Bullish factors included (1) the plunge in global equity markets, which fueled safe haven demand for the dollar, (2) the statement from Moody's Investors Service that it reaffirms its top AAA credit rating for the US because "the dollar's status as the main reserve currency allows it to support higher debt levels than other countries," and (3) the larger-than-expected decline in the Aug Euro-Zone investor confidence to a 22-month low, which is euro negative. Bearish factors included (1) strength in the yen and the Swiss franc which rose to a record against the dollar after S&P's cut of the US credit rating prompted strong safe-haven demand for the Japanese and Swiss currencies and (2) reduced safe-haven demand for the dollar after the statement from the G-7 that it will "take all necessary measures to support financial stability and growth."
• Sep crude oil prices this morning are down -$1.09 a barrel at a 10-1/2 month low and Sep gasoline is +0.37 of a cent per gallon. Crude prices were undercut in overnight trade on global equity market weakness and OPEC's action to cut its global oil demand forecast. Sep crude oil and gasoline prices yesterday tumbled after S&P's action to downgrade the US credit rating fueled a broad-based commodity sell off: CLU11 -$5.57, RBU11 -11.32. Sep crude sank to an 8-1/2 month low. Bullish factors included (1) a reversal in the dollar after the dollar index shook off early losses and closed higher, which reduces the investment demand for commodities, (2) a broad-based sell-off in most commodities after Standard & Poor's downgraded the credit rating of the US for the first time, and (3) the slump in global equity markets, which dampened confidence in the economic outlook and energy demand. Bullish factors included (1) the statement from the G-7 that said it will "take all necessary measures to support financial stability and growth" and (2) data from the IEA that shows that Saudi Arabia may use a record 1.2 million barrels a day this summer to generate electricity for domestic use which will cut the country's oil surplus oil capacity by 33% this year to 2.3 million barrels a day, the lowest in 2-1/2 years.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): DIS-Walt Disney (BEST earnings consensus $0.72), EPD-Enterprise Products Partners LP (0.46), SRE-Sempra Energy (0.99), DISH-Dish Network (0.78), ESV-Ensco Plc (0.68), LINTA-Liberty Media Interactive (0.18), FOSL-Fossil (0.75), SNI-Scripps Networks Interactive (0.72), CVC-Cablevision Systems (0.40), LCAPA-Liberty Media Capital (0.01), ROVI-Rovi (0.58), NUAN-Nuance Communications (0.34), APO-Apollo Global Management LLC (0.31), IFF-International Flavors & Fragrances (0.96), RAH-Ralcorp Holdings (1.17).
Global Financial Calendar

Tuesday 8/9/11
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET	Q2 nonfarm productivity expected -0.8%, Q1 +1.8%. Q2 unit labor costs expected +2.3%, Q1 +0.7%.
0855 ET	Redbook weekly retailer sales.
0900 ET	FOMC begins 1-day monetary policy meeting,
1000 ET	Aug IBD/TIPP economic optimism, Jul -3.2 to 41.4.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $32 billion 3-year T-notes.
1415 ET	FOMC announces interest rate decision (expected no change to the 0.00% to 0.25% Fed funds rate).
Japan
0100 ET	Jul Japan consumer confidence expected +1.7 to 37.0, Jun +1.1 to 35.3.
0200 ET	Preliminary Jul Japan machine tool orders, Jun +53.5% y/y.
1950 ET	Jun Japan tertiary industry index expected +1.0% m/m, May +0.9% m/m.
1950 ET	Jul Japan domestic CGPI expected unchanged m/m and +2.6% y/y, May -0.1% m/m and +2.5% y/y.
Germany
0200 ET	Jun German trade balance expected +14.0 billion euros, May +14.8 billion euros. Jun exports expected -1.0% m/m, May +4.4% m/m. Jun imports expected -1.5% m/m, May +3.8% m/m.
United Kingdom
0430 ET	Jun UK industrial production expected +0.4% m/m and +0.2% y/y, May +0.9% m/m and -0.8% y/y.
0430 ET	Jun UK manufacturing production expected +0.2% m/m and +2.8% y/y, May +1.8% m/m and +2.8% y/y.
Canada
0815 ET	Jul Canada housing starts expected +193,200, Jun +200,800.
CHI
2200 ET	Jul China trade balance expected +$27.4 billion, Jun +$22.27 billion. Jul exports expected +17.0% y/y, Jun +17.9% y/y. Jul imports expected +22.0% y/y, Jun +19.3% y/y.

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

Rangold Resources - Barchart Chart of the Day

Barchart.com's Chart of the Day - Randgold Resources (GOLD)

Barchart Research Team - Barchart.com - Mon Aug 08, 5:31PM CDT

Related Stocks

GOLD - Randgold Resources Limited

Sym	Last	Chg	Pct
GOLD	98.43	+3.95	+4.18%

The "Chart of the Day" is Randgold Resources (GOLD), which showed up on Monday's "Nasdaq 6-Month High" list. Randgold on Monday rallied by 4.18% and posted a new 10-month high of $98.45. Randgold on Monday rallied on the new record high in gold and on Deutsche Bank's upgrade of Randgold to Buy from Hold due to the company's new mine activity and the favorable environment for gold. TrendSpotter has been Long on Randgold since June 29 at $83.34. Randgold Resources, with a market cap of $8.5 billion, is an international gold mining and exploration business with mines and prospective exploration projects mainly in Africa.


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 Nasdaq 6-month highs. A new 6-month high is a sign of upside momentum.
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

2 Sell stocks

Recently I had to delete 2 stocks from my Wall Street Survivor portfolio for very negative price momentum and Barchart technical sell signals.

Gildan Active Wear (GIL)

Barchart technical sell signals: 

• 96% Barchart technical sell signals
• Trend Spotter sell signals
• Below its 20, 50 and 100 day moving averages
• 15 new lows and off 28.31% its recent high in the last month
• Relative Strength Index 21.89% and falling

Techne Corp. (TECH)

Barchart technical indicators:

• 80% Barchart short term technical sell signals
• Trend Spotter sell signals
• Below its 20, 50 and 100 day moving averages
• 14 new lows and down  15.65% in the last 3 months
• Relative Strength Index is 32.13% and still falling

Just how bad is this market?  Please look at this daily price chart of the Value Line Index which is an arithmetic index of the 1700 largest US stocks:

As I write this blog only 3.38% of the stocks are trading above their 20 day moving average.  Not a very good sign.  I'm trimming weak stock, accumulating cash and making a watchlist of the stocks I'll buy into when the market recovers.

Chart and technical data provided by Barchart

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/8

Barchart Morning Call

Barchart.com - 25 mins ago

Overnight Developments

• Global stocks are sinking with the European Euro Stoxx 50 down -1.54% at a 2-year low and Sep S&Ps down -29.80 points at a 9-1/2 month low. The dollar is weaker and commodities plunged with copper at a 1-1/2 month low and crude oil down over -$2.00 a barrel, except for gold which surged to a nearest-futures (GCQ) record high of $1,714.30 an ounce, after Standard & Poor's cut the AAA credit rating on America's debt one level to AA+ and kept its outlook at "negative." Treasuries rose, despite the downgrade, as global equity markets tumbled, and after Japanese Finance Minister Noda said that US Treasuries were "attractive." The G-7 sought to head off a collapse of investor confidence when it issued the statement to "take all necessary measures to support financial stability and growth." Italian and Spanish bonds rallied and credit-default swaps to insure the government debts of Euro-Zone countries fell after the ECB issued a statement following an emergency Governing Council conference last night in which the ECB welcomed Spain's and Italy's efforts to reduce their budget deficits and said it will "actively implement" its bond purchase program as it bought Italian and Spanish bonds today. The ongoing European debt crisis has already taken a toll on investor confidence as the Aug Euro-Zone Sentix investor confidence fell a more than expected -18.8 to -13.5, a 22-month low, while the Jul Bank of France business sentiment slipped -1 to 98, its lowest level in 20 months.
• The Asian stock markets today closed with Japan down -2.18%, China -3.57%, Australia -2.91%, South Korea -3.75%, India -1.82%. China's Shanghai Stock Index sank to a 1-year low after Jiangxi Copper and PetroChina, the nation's biggest producers of copper and oil, dropped more than 3% as metals and crude oil slumped. Asian shipping companies and exporters all tumbled on concern trade will falter, while Japanese banks that hold US government debt all declined. Asian markets may see a surge in capital flows that threaten to push up currencies and hurt exports after the US sovereign-debt downgrade, which prompted Japan's Vice Finance Minister Igarashi to say Japan is ready to intervene in the currency markets again if it sees speculative trades pushing the yen higher, while the Reserve Bank of India pledged to provide "adequate rupee and forex liquidity" to curb excess moves in interest and exchange rates.

Overnight U.S. Stock News

• September S&Ps this morning are trading sharply lower by -29.80 points as S&P's downgrade of the US credit rating sends global stocks into a tailspin. The US stock market last Friday rallied sharply after the larger-than-expected increase in Jul US non-farm payrolls but erased its advance and headed lower on concern the US will lose its top credit rating only to recover its losses and settle mixed on speculation the ECB will buy Spanish and Italian government bonds to halt the contagion of the European debt crisis: Dow Jones +0.54%, S&P 500 -0.06%, Nasdaq Composite -0.94%. The S&P 500 fell to a 9-month low and the Dow and Nasdaq dropped to 8-month lows. Bullish factors included (1) the larger-than-expected increase in Jul nonfarm payrolls along with the upward revision to Jun (Jul +117,000 versus expectations of +85,000 and Jun revised up to +46,000 from the originally reported +18,000), (2) the unexpected decline in the Jul unemployment rate (-0.1 to 9.1% versus expectations of unchanged at 9.2%), (3) the larger-than-expected increase in Jul avg hourly earnings (+0.4% m/m and +2.3% y/y versus expectations of +0.2% m/m and +1.9% y/y), which bodes well for US consumer spending, (4) the larger-than-expected increase in Jun US consumer credit which rose by the most in 3-3/4 years (+$15.532 billion versus expectations of +$5.00 billion), and (5) speculation that the ECB will expand its government bond purchases to Spain and Italy in order to stem the contagion of the European debt crisis.
• Bearish factors included (1) concern that the top credit rating of the US will soon be cut, (2) the rebuke by Germany to a European Commission proposal to increase the European Financial Stability Facility rescue fund, which may further prolong the European debt crisis, and (3) the action by Goldman Sachs to lower its 2011 US GDP forecast to 1.7% from 1.8% and to cut its 2012 US GDP forecast to 2.1% from 3.0%.
• Goldman Sachs (GS) and JPMorgan Chase (JPM) both fell 1.8% and Bank of America (BAC) slipped 2% in European trading as US bank stocks follow other global bank stocks lower.
• Exxon Mobil (XOM) fell 3.1% in pre-market trading after crude oil slumped over $2 a barrel in overnight trading.

Today's Market Focus

• September 10-year T-notes this morning are trading up +19.5 ticks. T-note prices last Friday retreated from a 2-1/2 year nearest-futures high after the US economy added more jobs than expected in July and as the S&P 500 recovered from a 9-month low: TYU11 -30.5, FVU11 -17, EDZ11 +1.0. The 10-year T-note yield dropped to a 10-month low of 2.335% before closing above 2-1/2%. Bearish factors included (1) the larger-than-expected increase in Jul nonfarm payrolls along with the upward revision to Jun (Jul +117,000 versus expectations of +85,000 and Jun revised up to +46,000 from the originally reported +18,000), (2) the unexpected decline in the Jul unemployment rate (-0.1 to 9.1% versus expectations of unchanged at 9.2%), (3) the larger-than-expected increase in Jul avg hourly earnings (+0.4% m/m and +2.3% y/y versus expectations of +0.2% m/m and +1.9% y/y, with the +2.3% y/y gain the biggest annual increase in 21-months), (4) reduced safe-haven demand for Treasuries after stocks recovered from sharp losses on speculation the ECB will purchase Italian and Spanish government bonds to stem the contagion of the European debt crisis, and (5) long liquidation pressures after Sep T-notes surged over 5+ points in just the past 2 weeks. Bullish factors included (1) increased safe-haven demand for Treasuries after the S&P 500 sank to a 9-month low and (2) the action by Goldman Sachs to lower its 2011 and 2012 US GDP forecasts.
• The dollar index this morning is weaker with the dollar/yen -0.62 and the euro/dollar -0.06 cents. The dollar index last Friday fell back from a 2-1/2 week high and settled lower on reduced safe-haven demand after US employers added more jobs than forecast in July and the unemployment rate unexpectedly fell: Dollar Index -0.526, USDJPY -0.432, EURUSD +0.01885. Bearish factors included (1) the stronger-than-expected US Jul nonfarm payrolls that dampened the safe-haven demand for the dollar, (2) strength in the euro on speculation the ECB will purchase Italian and Spanish government bonds to stem the contagion of the European debt crisis, and (3) the action by Goldman Sachs to lower its 2011 US GDP forecast to 1.7% from 1.8% and to cut its 2012 US GDP forecast to 2.1% from 3.0%. the plunge in the S&P 500 to a 9-month low, which increased the safe-haven demand for the dollar. Bullish factors included (1) the unexpected decline in Jun German industrial production, which is euro negative and (2) the early plunge in the S&P 500 Index to a 9-month low, which boosted the safe-haven demand for the dollar.
• Sep crude oil prices this morning are down sharply by -$2.98 a barrel and Sep gasoline is -7.70 cents per gallon as commodity prices tumble in the wake of the US debt downgrade. Sep crude oil and gasoline prices last Friday gyrated between gains and losses and finally settled higher as a stronger-than-expected increase in Jul US non-farm payrolls and an unexpected drop in the Jul unemployment rate temporarily soothed fears of an economic slowdown: CLU11 +$0.25, RBU11 +6.80. Sep crude plunged to an 8-1/2 month low and Sep gasoline fell to a 5-month low but both markets recovered and closed higher. Bullish factors included (1) a reversal in the dollar after the dollar index fell back from a 2-1/2 week high and closed lower, (2) the larger-than-expected increase in Jul US nonfarm payrolls along with the unexpected drop in the Jul unemployment rate, which signals a stronger than expected labor market that may increase US consumer confidence, spending and fuel demand, and (3) the rebound in the stock market. Bearish factors included (1) the early plunge in the S&P 500 Stock Index to a 9-month low, which reduced confidence in the economic outlook and energy demand, (2) the action by the RBA to slash its 2011 Australian economic growth forecast to 2.0% from its previous estimate of 3.25%, which signals reduced energy consumption, and (3) the unexpected decline in Jun German industrial production, which signals reduced fuel consumption in Europe's largest economy.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MGM-MGM Resorts International (BEST earnings consensus -$0.11), TSN-Tyson Foods (0.40), CFN-CareFusion (0.50), MWE-MarkWest Energy Partners LP (0.40), USM-United States Cellular (0.42), YOKU-Youku.com (-0.05), BEXP-Brigham Exploration (0.30), SMG-Scotts Miracle-Gro (2.19), NGLS-Targa Resources Partners LP (0.38), MR-Mindray Medical International (0.41), GEN-GenOn Energy (-0.05), BWC-Babcock & Wilcox (0.37), TDS-Telephone & Data Systems (0.35), OAS-Oasis Petroleum (0.15), AGO-Assured Guarenty Ltd. (0.86).
Global Financial Calendar

Monday 8/8/11
United States
1130 ET	Weekly 3-mo and 6-mo and monthly 1-year T-bill auctions.
Japan
0030 ET	Jul Japan bankruptcies, Jun +1.5% y/y.
0100 ET	BOJ releases its monthly economic report.
0100 ET	Jul Japan Eco watchers survey current expected 50.0, Jun 49.6. Jul Eco watchers survey outlook, Jun 49.0.
France
0230 ET	Jul Bank of France business sentiment, Jun -4 to 99.
Euro-Zone
0430 ET	Aug Euro-Zone Sentix investor confidence expected -1.9 to 3.4, Jul +1.8 to 5.3.
United Kingdom
1901 ET	Jul UK RICS house price balance expected -28%, Jun -27%.
CHI
2130 ET	Jul China CPI expected unchanged at 6.4% y/y.
2130 ET	Jul China PPI expected +7.5% y/y, Jun +7.1% y/y.
2200 ET	Jul China industrial production expected +14.6% y/y, Jun +15.1% y/y.
2200 ET	Jul China retail sales expected +17.7% y/y, Jun +17.7% y/y.

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

National Beverage - FIZZ - Barchart Chart of the Day

Barchart.coms Chart of the Day - National Beverage (FIZZ)

Barchart Research Team - Barchart.com - Fri Aug 05, 5:21PM CDT

Related Stocks

FIZZ - National Beverage

Sym	Last	Chg	Pct
FIZZ	15.42	+0.43	+2.87%

The "Chart of the Day" is National Beverage (FIZZ), which showed up on Friday's Barchart "All Time High" list. FIZZ on Friday posted a new all-time high of $15.75 and closed 2.87% higher. TrendSpotter has been Long on FIZZ for almost two months, i.e., since June 21 at $14.14. In recent news on the stock, National Beverage on July 15 reported fiscal Q4 EPS of 24 cents, above the consensus of 22 cents. National Beverage, with a market cap of $705 million, sells a variety of multi-flavor and cola soft drinks, with flagship brands including Shasta and Faygo.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
Barchart's Opinion trading systems are mostly a "Buy" and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 75% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 88% Buy

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