Is Costco a bargain?

COMPLETE ARTICLE AND MORE GRAPHS

Many shoppers look to Costco Wholesale Corp (COST) to stretch their consumer dollar but is its stock a bargain?  I've read comparative data about the typical members' income and learned that Costco shoppers have a higher annual income than BJ's and Sam's.  This allows for a higher quality and higher priced inventory and the ability to be more flexible in passing on inventory price increases to their members.  As this graph provided by Barchart of yearly stock price vs the 20, 50 and 100 day moving averages shows the stock has had a good year up almost 31%:

Barchart technical indicators:

• Barchart uses various methods of technical analysis of price movements from 7 day to 6 months to form opinions on the price trend - the sell signals are getting weaker and the buy signals are getting stronger
• 40% Barchart technical buy signal which is strengthening
• Trend Spotter buy signal
• Trading above its 20, 50 and 100 day moving averages
• The price has moved higher in 3 of the last 5 trading sessions and is up 3.10% in the last week
• Up 30.51% in the last year
• Relative Strength Index is 52.64
• Barchart computes a technical support level at 81.15
• Recently traded at 81.65 with  a 50 day moving average of 79.12

Summary:  Personally I like looking at the numbers of increasing sales and earnings.  I like the Costco (COST) numbers but note that the sales and earnings growth trend seems to be fully realized in the 50% higher than market P/E ratio.  If you have this stock I'd continue to hold it but if you are looking for a place to invest new money I'd look for a company with better sales and earnings projections and a bargain P/E ratio.  Over the next 5 years in think investors will still see an annual total return in the range of 6% - 9%.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 10/14

Barchart Morning Call

Barchart.com - 1 hr 18 mins ago

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 up +0.49% and Dec S&Ps up +8.50 points. Treasuries and the dollar weakened and most commodities rose, with copper at a 2-week high, after G-20 and IMF officials said nations are considering increasing the IMF's lending resources to help stem the European debt crisis. The G-20 are meeting in Paris for a 2-day meeting to discuss higher bank capital levels, increased firepower for bailouts and the IMF. U.S. stock futures also received support as Google surged 6.6% in pre-market trading when it reported Q3 revenue that beat estimates after the close of trading yesterday. The cost of insuring European sovereign debt rose after Standard & Poor's cut Spain's credit rating one level to AA- with a negative outlook, the third time in 3 years S&P has reduced Spain's credit rating. In another sign of stress on European banks, UBS AG, Lloyds Banking Group Plc, and Royal Bank of Scotland Plc had their long-term issuer default grades cut by Fitch Ratings, which put more than a dozen other lenders on watch negative as part of a global review.
• Asian stocks today closed mixed lower with Japan down -0.85%, China -0.33%, Australia -0.92%, South Korea +0.66%, India +1.18%. Chinese stocks finished lower on concern inflation pressures will prompt the government to keep tightening monetary policy. Sep China CPI climbed +6.1% y/y as expected, lower than the +6.2% y/y in Aug although well above the government's 4% target. Chinese property developers weakened after the deputy head of the Ministry of Housing and Urban-Rural Development said conditions are not yet ripe for China to relax its tightening policies on the property market and some of the measures may be maintained as home sales in the first half of the year were still "sound." After the markets closed the PBOC said the Sep China M2 money supply rose +13% y/y, the lowest pace of growth in 9-1/2 years and Sep China new loans were 470 billion yuan ($73.7 billion), weaker than expectations of 550 billion yuan and the lowest in 21 months.

Overnight U.S. Stock News

• December S&Ps this morning are trading up +8.50 points. The US stock market yesterday settled mixed as concern over European banks and weakness in financial stocks offset a rally in the Nasdaq which closed higher on strength in technology stocks: Dow Jones -0.35%, S&P 500 -0.30%, Nasdaq Composite +0.60%. Bearish factors included (1) carry-over weakness from a fall in European bank stocks on heightened concern over the European banking system after the ECB said in its monthly bulletin that involvement of private-sector banks in Euro-Zone bailouts through enforced investor losses would risk financial stability and after a Credit Suisse Group AG analyst said that 66 of Europe's biggest banks would fail a revised EU stress test and would need to raise about 220 billion euros ($302.3 billion) of capital, (2) a decline in U.S. bank stocks led by losses in JPMorgan Chase after it reported a drop in profit as investment banking and trading income slumped, and (3) concern that Chinese economic growth may be slowing, which may keep overall global growth subdued after Sep China exports increased at their slowest pace in 7 months.
• Bullish factors included (1) reduced European debt concerns after Slovakia finally approved the European enhanced bailout fund, (2) the unexpected decline in weekly U.S. continuing unemployment claims to their lowest level in 5-1/2 months (-55,000 to 3.670 million versus expectations of +10,000 to 3.710 million), (3) the narrower than expected Aug U.S. trade deficit (-$45.6 billion versus expectations of -$45.8 billion), which is positive for Q3 U.S. GDP growth, and (4) strength in technology stocks as chipmakers rose led by gains in Micron and Nvidia.
• Google (GOOG) jumped 6.6% in pre-market trading after the company reported late yesterdy that Q3 sales, excluding revenue passed on to partner sites, rose to $7.51 billion, beating analysts' estimates of $7.23 billion, which sent Q3 profit soaring to $9.72 a share, also beating analysts' estimates of $8.76.
• Apple (AAPL) climbed 1.6% in pre-market trading as its new iPhone 4S becomes available today in the U.S., Australia, Canada, France, Germany, Japan and the U.K.

Today's Market Focus

• December 10-year T-notes this morning are down -5 ticks. T-note prices yesterday moved higher on European bank concerns when the ECB warned that the involvement of private-sector banks in bailouts would risk financial stability and a Credit Suisse Group AG analyst said at least 66 of Europe's biggest banks would fail a revised EU stress test: TYZ11 +16.5, FVZ11 +10.5, EDH12 -2.5. Bullish factors included (1) heightened concern over the European banking system after the ECB said in its monthly bulletin that involvement of private-sector banks in Euro-Zone bailouts through enforced investor losses would risk financial stability and after a Credit Suisse Group AG analyst said that 66 of Europe's biggest banks would fail a revised EU stress test and would need to raise about 220 billion euros ($302.3 billion) of capital, (2) concern that global economic growth is slowing after Sep China exports increased at their slowest pace in 7 months, and (3) strong demand for the Treasury's $13 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.94, stronger then the 12-auction average of 2.61. Bearish factors included (1) the unexpected decline in weekly U.S. continuing unemployment claims to their lowest level in 5-1/2 months (-55,000 to 3.670 million versus expectations of +10,000 to 3.710 million) and (2) reduced European debt concerns after Slovakia finally approved the European enhanced bailout fund.
• The dollar index this morning is little changed with the dollar/yen +0.14 yen and the euro/dollar +0.05 cents. The dollar index yesterday rallied on increased safe-haven demand after stocks fell when the ECB warned that the involvement of private-sector banks in bailouts would risk financial stability: Dollar Index +0.002, USDJPY -0.360, EURUSD -0.00147. Bullish factors included (1) increased safe-haven demand for the dollar after stocks fell when the ECB warned in its monthly bulletin that the involvement of the private sector in Euro-Zone bailouts through enforced investor losses is a risk to financial stability and would have "direct negative effects" on the banking sector and (2) the narrower than expected Aug U.S. trade deficit, which is positive for Q3 U.S. GDP growth and the dollar. Bearish factors included (1) the action by Slovakia to finally approve the European enhanced bailout fund, which is euro supportive, (2) comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said he's "rather optimistic" about the prospects for the Oct 23 meeting of EU leaders on the debt crisis, and (3) the unexpected upward revision to Sep German CPI to a 3-year high of +2.9% y/y, which may prompt the ECB from providing additional currency debasing stimulus measures.
• Nov crude oil prices this morning are up +$1.24 a barrel and Nov gasoline is +3.27 cents per gallon. Crude oil and gasoline prices yesterday settled mixed after a larger-than-expected increase in weekly crude inventories weakened crude prices while gasoline gained after weekly gasoline supplies fell more than expected: CLX11 -$1.34, RBX11 +0.89. Bearish factors included (1) strength in the dollar, which reduces investment demand in commodities, (2) the larger-than-expected build in weekly DOE crude oil inventories (+1.34 million bbl versus expectations of +800,000), (3) concerns of a slowdown in Chinese economic growth after Sep China exports rose by the smallest amount in 7 months and China's customs bureau warned of "severe" challenges as the global economic outlook dims, and (4) the slide in the stock market after the ECB said forcing investors to take losses in bailouts is a risk to financial stability. Bullish factors included (1) the larger-than-expected declines in weekly DOE gasoline and distillate inventories (gasoline -4.13 million bbl versus expectations of -50,000 bbl and distillates -2.93 million bbl versus expectations of -650,000 and (2) the action by Slovakia to finally approve the European enhanced bailout fund, which is seen as positive for economic growth and energy demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MAT-Mattel (BEST earnings consensus $0.86), JBHT-JB Hunt Transport Services (0.56), WBS-Webster Financial (0.39), AROW-Arrow Financial (0.44).
Global Financial Calendar

Friday 10/14/11
United States
0830 ET	Sep import price index expected -0.4% m/m and +12.4% y/y, Aug -0.4% m/m and +13.0% y/y.
0830 ET	Sep retail sales expected +0.7% and +0.3% less autos, Aug unchanged and +0.1% less autos.
0955 ET	Preliminary Oct U.S. University of Michigan consumer confidence expected +0.8 to 60.2, previous +3.7 to 59.4.
1000 ET	Aug business inventories expected +0.4%, Jul +0.4%.
Euro-Zone
0500 ET	Sep Euro-Zone CPI expected +0.8% m/m and +3.0% y/y, Aug +0.2% m/m and +2.5% y/y. Sep core CPI expected +1.5% y/y, Aug +1.2% y/y.
Canada
0830 ET	Aug Canada manufacturing sales expected +0.4% m/m, Jul +2.7% m/m.
France
n/a	G-20 finance ministers and central bank chiefs meet in Paris for a 2-day summit.

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

Questar - STR - Barchart Chart of trhe Day

Barchart.coms Chart of the Day - Questar Corp (STR)

Barchart Research Team - Barchart.com - Thu Oct 13, 5:30PM CDT

Related Stocks

STR - Questar Corp.

Sym	Last	Chg	Pct
STR	19.39	+0.24	+1.25%

The "Chart of the Day" is Questar Corp (STR), which showed up on Thursday's Barchart "NYSE 12-Month High" list. Questar on Thursday rallied by 1.25% and posted a new 3-year high of $19.42 after establishing an outside-day-up pattern. TrendSpotter has been Long since this past Monday at $19.17. In recent news on the stock, Questar on July 27 reported Q2 earnings of 22 cents (versus the consensus of 20 cents) and announced a $100 million stock repurchase program effective through 2012. Questar Corp, with a market cap of $1.5 billion, is a natural gas-focused energy company with five major lines of business - gas and oil exploration and production, midstream field services, energy marketing, interstate gas transportation, and retail gas distribution.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• 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
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Trader's Cheat Sheet™

Barchart Opinions
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Barchart Snapshot
Trading Strategies

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

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Chart of the Day Archive
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Big Blue keeps on rollin'

COMPLETE ARTICLE AND MORE GRAPHS


Big Blue - International Business Machines (IBM) has been around for a long time and just keeps reinventing itself to keep up with providing whatever businesses need.  They see the future in cloud computing and data analytics and are proactive in their R&D.  A look at the Barchart provided graph of the weekly trading activity vs the 20, 50 and 100 week moving averages over the lat 3 1/2 years hardly shows a slowing recession has been here:

Barchart technical indicators:

• 100% Barchart price momentum technical buy signal
• Trend Spotter technical buy signal
• Trading above its 20, 50 and 100 day moving average
• 14 new highs and up 15.31% in the last 20 sessions
• Relative Strength Index 67.55% and rising
• Barchart computes a technical support level at 184.63
• Recently traded at 186.90 with a 50 day moving average of 171.14

Summary:  IBM (IBM) or Big Blue as it's been called for years is one of those stocks with staying power.  You might not get rich but probably never go broke owning it.  Look for slow steady total return in the 10% range annually.  Good conservative play but aggressive growth investors might look elsewhere.

Jim Van Meerten is a Marketocracy Master

Suntech Power vs the Value line indes

This chart provided by Barchart shows the performance of the Value Line Index vs Suntech Power (STP):

Home Depot

COMPLETE ARTICLE AND MORE GRAPHS


New home building is in a slump but remodeling, general maintenance and repair from the recent weather disasters has kept Home Depot (HD) in the black.  Same store sales are up year over year and analysts predict a bright future.  Over the past 2 1/4 years the price has been up and down but as the Barchart provided graph of the trading prices shows the stock has held up well during this latest recession:

Barchart technical indicators:

• 80% Barchart short term technical buy signal
• Trend Spotter buy signal
• Trading above its 20, 50 and 100 day moving averages
• 6 new highs in the last 20 trading sessions and up 8.91% for that period
• Relative Strength Index is 58.79% and rising
• Barchart computes a technical support level at 34.00
• Traded recently at 34.71 with a 50 day moving average of 32.71

In the home building supplies sector size seems to matter and Home Depot (HD) has the most stores to attract buyers and being the largest has the greater advantage to negotiate favorable contract for goods.  Although this is not a full blown growth stock it should do well over the next few years.  Buyers at this price will probably see a total annual return in the 10% - 12% range over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 10/13

Barchart Morning Call

Barchart.com - 2 hrs ago

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 down -1.11% and Dec S&Ps down -6.10 points. Treasuries and the dollar strengthened while stocks and commodities fell after the ECB said forcing investors to take losses in bailouts is a risk to financial stability. Credit-default swaps to insure European government debts rose and European bank stocks declined after the ECB said in its monthly bulletin that the involvement of the private sector in Euro-Zone bailouts through enforced investor losses is a risk to financial stability and would have "direct negative effects" on the banking sector. Carrefour SA tumbled 5.2% and led European retail stocks lower after the world's second-largest retailer lowered its 2011 profit forecast for the second time in 3 months. An upward revision to German consumer prices also undercut stocks after the Sep German CPI was revised up to +0.2% m/m and +2.9% y/y from the originally reported +0.1% m/m and +2.8% y/y, with the +2.9% y/y increase the largest annual gain in 3 years.
• Asian stocks today closed mostly higher with Japan up +0.97%, China +0.67%, Australia +0.96%, South Korea +0.60%, India -0.44%. Sep China exports rose +17.1% y/y, weaker than expectations of +20.8% y/y and the slowest pace of increase in 7 months. Growth in shipments to Europe, China's biggest export market, fell to a gain of +9.8% y/y from +22.0% in Aug and a sign that the European debt crisis was slowing trade. Despite the weaker-than-expected trade data, China's Shanghai Index rallied to a 1-week high after China's State Council said it will provide financial support and preferential tax policies for small companies. Japan's Nikkei 225 Stock Index climbed to a 3-1/2 week high, led by strength in chip stocks, after ASML Holding, Europe's biggest chip-equipment maker, reported Q3 net income that surpassed analyst estimates and said Q4 orders will increase. Limiting gains in Asian markets was the action by the IMF to cut its 2011 Asian GDP estimate to 6.3% from an Apr estimate of 6.8% with its warning that "an escalation of Euro-Zone financial turbulence and a renewed slowdown in the U.S. could have severe macroeconomic and financial spillovers to Asia."

Overnight U.S. Stock News

• December S&Ps this morning are trading down -6.10 points. The US stock market yesterday moved higher on reduced European sovereign debt concerns after the European Union released a plan to recapitalize banks and stem the region's debt crisis: Dow Jones +0.90%, S&P 500 +0.98%, Nasdaq Composite +0.84%. The S&P 50 and the Nasdaq posted 3-week highs and the Dow climbed to a 1-1/4 month high. Bullish factors included (1) reduced European debt concerns after European Economic and Monetary Affairs Commissioner Rehn said the Euro-Zone is moving toward a consensus on resolving the "calamity" of the sovereign debt crisis as European Commission President Barroso called for a "coordinated approach" to deliver a "significantly higher capital ratio of highest quality capital" for banks, (2) the action by Slovakia, the only Euro-Zone nation yet to approve a retooled European bailout fund, to reach an agreement on another vote to ratify the plan, and (3) the action by UBS AG to raise its 2011 earnings forecast for companies in the S&P 500 to $96.64 a share from $95, saying earnings in the second half of the year will reflect higher economic growth expectations after U.S. manufacturing, auto sales, construction and payrolls beat forecasts.
• Bearish factors included (1) concern that the global economic recovery may be undercut by rising unemployment after the U.K. unemployment rate rose to a 15-year high of 8.1% and the number of unemployed in the U.K. climbed to 2.57 million, the most since 1994, and (2) comments from Cleveland Fed President Pianalto who said the U.S. economy is "struggling to recover."
• JPMorgan Chase (JPM) fell 1.4% in pre-market trading even after the company reported Q3 EPS of $1.02, higher than estimates of 92 cents and said profit fell 4%, smaller than analysts' estimated as the company benefited from accounting changes in the value of its liabilities.

Today's Market Focus

• December 10-year T-notes this morning are up +11.5 ticks. T-note prices yesterday traded lower on reduced safe-haven demand after global stock markets gained on optimism European leaders will contain the region's debt crisis along with weak demand for the Treasury's $21 billion 10-year T-note auction: TYZ11 -10, FVZ11 -3, EDH12 +3.0. Bearish factors included (1) reduced safe-haven demand for Treasuries after the S&P 500 rallied to a 3-week high when European Commission President Barroso called for a "coordinated approach" to recapitalize European banks, (2) slack demand for the Treasury's $21 billion 10-year T-note auction that had a bid-to-cover ratio of 2.86, below the 12-auction average of 3.11, and (3) supply pressures ahead of Thursday's $13 billion auction of 30-year T-bonds. A bullish factor was the minutes of the Sep 20-21 FOMC meeting in which Fed members wanted to keep further asset purchases as an option to boost the economy as some policy makers saw "considerable uncertainty" that U.S growth will pick up.
• The dollar index this morning is stronger with the dollar/yen -0.35 yen and the euro/dollar -0.61 cents. The dollar index yesterday slumped to a 3-week low and settled lower when European Commission President Barroso reduced European debt concerns when he called for a "coordinated approach" to recapitalize European banks: Dollar Index -0.591, USDJPY +0.609, EURUSD +0.01524. Bearish factors included (1) the rally in the euro to a 3-week high against the dollar on reduced sovereign debt concerns after European Commission President Barroso called for a "coordinated approach" to deliver a "significantly higher capital ratio of highest quality capital" for banks, (2) the unexpected increase in Aug Euro-Zone industrial production, which is euro supportive, and (3) the euro positive action by Slovakia, the only Euro-Zone nation yet to approve a retooled European bailout fund, to reach an agreement on another vote to ratify the plan. Bullish factors included (1) the slide in the yen to a 1-month low against the dollar and (2) strong demand for dollars after the 3-month dollar Libor rate increased for the 24th consecutive day to 0.40083%, the highest in 14 months,
• Nov crude oil prices this morning are down -$1.59 a barrel and Nov gasoline is -2.77 cents per gallon. Crude oil and gasoline prices gyrated between gains and losses yesterday and finally settled mixed after the IEA cut its 2012 global oil demand forecast for a second month: CLX11 -$0.24, RBX11 +0.11. Nov gasoline posted a 3-week high. Bearish factors included (1) the action by the IEA to cut its 2012 global oil demand forecast by 210,000 barrels a day to 90.5 million a day, citing a loss of momentum in the economic recovery, (2) IEA's action to raise its Libyan oil output estimate by year-end to 600,000 barrels a day from a previous forecast of 350,000 to 400,000 barrels a day, and (3) the action by the U.S. Energy Department to cut its 2011 WTI crude price estimate to average $92.36 a barrel, down from a Sep estimate of $94.40. Bullish factors included (1) the slide in the dollar index to a 3-week low, which encourages investment demand in commodities, and (2) the rally in the S&P 500 to a 3-week high, which boosts confidence in the economic outlook and energy demand. Expectations for Thursday's weekly inventory report from the DOE (pushed back a day due to Monday's Columbus Day holiday) are for crude supplies to rise +800,000 bbl, gasoline stockpiles to fall -50,000 bbl, distillate inventories to drop -650,000 bbl and the refinery utilization rate to fall -0.8 to 86.9%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): GOOG-Google (BEST earnings consensus $8.77), JPM-JPMorgan Chase (0.92), FAST-Fastenal (0.33), SWY-Safeway (0.35), CBSH-Commerce Bancshares (0.77), VMI-Valmont Industries (1.53), FCS-Fairchild Semiconductor (0.32), LNN-Lindsay (0.61).
Global Financial Calendar

Thursday 10/13/11
United States
0830 ET	Weekly initial unemployment claims expected +4,000 to 405,000, previous +6,000 to 401,000. Weekly continuing claims expected +10,000 to 3.710 million, previous -52,000 to 3.700 million.
0830 ET	Aug trade balance expected -$45.8 billion, Jul -$44.8 billion.
1100 ET	Treasury announces amount of 30-year TIPS to be auctioned Oct 20.
1300 ET	Treasury auctions $13 billion 30-year T-bonds.
1430 ET	Minneapolis Fed President Narayana Kocherlakota speaks to business leaders at an event in Sidney, Montana.
1630 ET	Weekly money supply report and Fed balance sheet.
Germany
0200 ET	Revised Sep German CPI (EU harmonized) expected no change at +0.1% m/m and +2.8% y/y.
Euro-Zone
0400 ET	ECB publishes monthly report for Oct.
Japan
1950 ET	Sep Japan domestic CGPI expected -0.2% m/m and +2.5% y/y, Aug -0.2% m/m and +2.6% y/y.
CHI
2200 ET	Sep China CPI expected +6.1% y/y, Aug +6.2% y/y.
2200 ET	Sep China PPI expected +6.9% y/y, Aug +7.3% y/y.

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

Enbridge - ENB - Barchart Chart of the Day

Barchart.coms Chart of the Day - Enbridge (ENB)

Barchart Research Team - Barchart.com - Wed Oct 12, 6:14PM CDT

Related Stocks

ENB - Enbridge Inc

Sym	Last	Chg	Pct
ENB	33.19	-0.23	-0.69%

The "Chart of the Day" is Enbridge (ENB), which showed up on Wednesday's Barchart "All Time High" list. Enbridge on Wednesday rallied by 0.84% and posted a new all-time high of $34.00. TrendSpotter just issued a Buy signal on Tuesday at $33.14. In recent news on the stock, Scotia Capital on Sep 19 initiated coverage on Enbridge with an Outperform. Enbridge on Sep 29 announced plans to build a crude oil pipeline from the oversupplied hub at Cushing, Oklahoma to the Texas Gulf coast refining complex. Enbridge, with a market cap of $25 billion, is a leader in energy transportation and distribution mainly in the U.S. and Canada.


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.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 50% Buy
• Long-Term Indicators: 33% Buy
• Overall Average 72% 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

Pepsico has lost its fizzle

COMPLETE ARTICLE AND MORE GRAPHS

Pepsico (PEP) has been having some issues recently but might recover soon.  Commodity prices have given them challenges.  I'm not just talking about sugar, flour and corn, I'm talking aluminium and plastics for packaging and oil based fuels for transportation costs.  The company always has good earnings but the costs of commodities determines how much.  The stock has been down recently as this 6 month price chart provided by Barchart shows:

Barchart technical indicators:

• 72% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• Down 13.86% from its 1 year high
• Relative Strength Index 46.82% and getting slightly stronger
• Barchart computes a technical support level at 59.80
• Recently traded at 61.00 with a 50 day moving average of 62.05

Summary:  Pepsico (PEP) should be considered as a long term conservative holding and those already holding should keeping  it.  Aggressive and growth investors and those wanting to make new positions might look at the other stocks mentioned if your willing to take a little more risks.

Jim Van Meerten is a Marketocracy Master

Southern Peru Copper is a great basic material stock

COMPLETE ARTICLE AND MORE GRAPHS

Most long term conservative portfolios have basic material stocks in them and a great one is Southern Peru Copper (SCCO).  Basic material stocks have taken a big hit in this recession and long term investors should look at these dips as a great buying opportunity:  Right now the stock is 44.03% off its 1 year high but still up for the long run as  you can see by this 5 year weekly price graph provided by Barchart:

Barchart technical indicators:

• Barcharts technical indicators are based on price movements from 7 day to 6 months and a technical sell signal can identify a dip which might be a buying opportunity
• All the sell indicators seem to be weakening and the buy signals are getting stronger -- this signals a price reversal if the trend continues
• 48% Barchart technical sell signal - weakening
• Trend Spotter sell signal - also weakening
• The stock is trading below its 20, 50 and 100 day moving averages
• Although the stock is 44.03% below its one year high it has gained 11.74% in just the last 5 trading sessions
• Relative Strength Index is 45.16% and rising
• Barchart computes a technical support level at 26.22
• Recently traded at 26.44 with a 50 day moving average of 29.69

Summary:  Southern Peru Copper (SCCO) has been a consistent money maker for years.  It's major products are copper and silver and both are needed by the industrial nations.  With its generous dividend and recently depressed price investors buying in at this level could see annual total returns in the 20-30% range depending on the prices of silver and copper.  SCCO will make money -- how much is dependent on the prices of the underlying commodities.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 10/12

Barchart Morning Call

Barchart.com - 16 mins ago

Overnight Developments

• Global stocks this morning are mostly higher with the Euro Stoxx 50 up +0.71% and Dec S&Ps up +11.90 points. Treasuries are weaker and the dollar index slumped to a 3-week low, which has boosted commodities with Dec gold and Dec silver at 2-week highs after European Economic and Monetary Affairs Commissioner Rehn said the Euro-Zone is moving toward a consensus on resolving the "calamity" of the sovereign debt crisis. The euro rose to a 3-week high against the dollar after European Commission President Barroso said he will present the "roadmap for stability" to the European Parliament later today that will outline a "comprehensive" set of proposals to deal with the debt crisis. The rally in stocks and the euro was tempered as political turmoil in Slovakia delayed the nation's approval of Europe's enhanced bailout fund. European stocks also received a lift after an unexpected increase in Aug Euro-Zone industrial production which rose +1.2% m/m and +5.3% y/y, stronger than expectations of -0.8% m/m and +2.1% y/y. A negative factor for European stocks was the larger-than-expected increase in the U.K. unemployment rate which rose +0.2 to 8.1% in the three months through July, bigger than expectations of +0.1 to 8.0% and the highest in 15 years. Sep U.K. jobless claims rose +17,500, the seventh consecutive monthly increase, as the number of unemployed climbed to 2.57 million, the most since 1994. The 3-month dollar Libor rate increased for the 24th consecutive day to 0.40083%, the highest in 14 months, while the dollar Libor-OIS spread, a gauge of banks' reluctance to lend, widened to 31.68 bp, the most in 14-1/2 months.
• Asian stocks today closed mostly higher with Japan down -0.40%, China +3.64%, Australia -0.55%, South Korea +0.79%, India +2.55%. Asian stocks were mostly higher amid speculation China will increase support for the equity market after valuations dropped to record-low levels. Chinese bank stocks rallied for a second day after Central Huijin Investment Ltd., a state-run investment arm, began buying shares of the top four financial institutions. Aug Japan machine orders surged +11.0% m/m, stronger than expectations of +3.9% and the biggest increase n a year, which signals companies are willing to invest even as global economic growth slows and the yen stays near a record high. Japanese stocks finished slightly lower though, led by declines in Honda Motor and Nikon, which were among several Japanese companies to suspend production in Thailand because of floods.

Overnight U.S. Stock News

• December S&Ps this morning are trading up +11.90 points. The US stock market yesterday opened lower after ECB President Trichet warned that the debt crisis threatens the Euro-Zone's financial system, but stocks erased those losses and finished mixed after the troika indicated Greece will receive its next installment of financial aid: Dow Jones -0.15%, S&P 500 +0.05%, Nasdaq Composite +0.66%. All of the indexes posted 2-1/2 week highs. Bullish factors included (1) reduced European debt concerns after the troika indicated that Greece will get the next 8-billion euro loan installment next month when they said Greece has made "important progress" in fiscal consolidation, (2) the action by the FDIC to reduce its cost estimate to cover U.S. bank failures through 2015 to $19 billion, down from last year's estimate of $23 billion as the rate of bank shutdowns slows and the impact of assessment increases imposed by the FDIC bolsters the Deposit Insurance Fund, and (3) Q3 earnings optimism as the market expects earnings per share for the S&P 500, excluding financial companies, to rise +14% y/y in Q3.
• Bearish factors included (1) carry-over weakness from a decline in European stocks on the threat of contagion from the European debt crisis after ECB President Trichet said "the crisis has reached a systemic dimension as sovereign stress has moved from smaller economies to some of the larger countries," (2) concern that banks holding Greek debt may take bigger-than-expected losses after Jean-Claude Juncker, head of the Euro-Zone finance ministers, said Greek bondholders may face writedowns of more than 60% on their holdings of Greek debt, well more than a July estimate of 21%.
• TE Connectivity (TEL) jumped 5.9% in European trading after S&P announced that the company will replace Cephalon in the S&P 500 after the close of trading on Oct 14.

Today's Market Focus

• December 10-year T-notes this morning are down -12 ticks. T-note prices yesterday finished higher on increased safe-haven demand after ECB President Trichet said the debt crisis threatens the Euro-Zone's financial system: TYZ11 +20.5, FVZ11 +7.2, EDH12 +1.5. Bullish factors included (1) comments from ECB President Trichet who said the debt crisis in Europe has reached a "systemic dimension" that threatens the Euro-Zone's financial system and (2) decent demand for the Treasury's $32 billion auction of 3-year T-notes that had a bid-to-cover ratio of 3.30, higher than the 12-auction average of 3.16. Bearish factors included (1) reduced safe-haven demand for Treasuries after stocks reversed early losses after the troika indicated that Greece will get the next 8-billion euro loan installment next month, and (2) supply pressures ahead of Wednesday's $21 billion auction of 10-year T-notes.
• The dollar index this morning is weaker and at a 3-week low with the dollar/yen +0.04 yen and the euro/dollar +1.32 cents. The dollar index yesterday settled higher on increased safe-haven demand after ECB President Trichet said the debt crisis threatens the Euro-Zone's financial system: Dollar Index +0.091, USDJPY -0.029, EURUSD -0.00020. Bullish factors included (1) the warning from ECB President Trichet that "the crisis has reached a systemic dimension as sovereign stress has moved from smaller economies to some of the larger countries," which boosted the safe-haven demand for the dollar, (2) euro negative comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said Greek bondholders may face writedowns of more than 60% on their holdings of Greek debt, well more than a July estimate of 21%. Bearish factors included (1) reduced safe-haven demand for the dollar when equities erased early losses and moved higher and (2) euro supportive comments from ECB President Trichet who said fears that ECB government bond purchases may create price pressures are "totally unfounded" as the ECB is "rigorously withdrawing all the liquidity which is provided."
• Nov crude oil prices this morning are up +51 cents a barrel and Nov gasoline is +1.57 cents per gallon. Crude oil and gasoline prices yesterday settled higher after equities erased early losses and moved higher along with strength from gasoline on speculation seasonal maintenance to refineries may limit gasoline production: CLX11 +$0.40, RBX11 +5.23. Nov gasoline posted a 3-week high. Bearish factors included (1) the stronger dollar, which discourages investment demand in commodities, (2) the warning from ECB President Trichet that the European debt crisis threatens the financial system, which undercuts confidence in the economic outlook and energy demand, and (3) the action by OPEC to cut its global crude demand estimate for this year for a third month, predicting 2011 oil demand will grow +880,000 barrels a day, down from 1.06 million barrels a day forecasted last month as threats to the world economy grow. Bullish factors included (1) strength in gasoline on speculation seasonal refinery maintenance could limit supplies of gasoline as refiners gear up for increased heating oil production, (2) the unexpected increase in Sep U.K. industrial production, which is positive for fuel consumption, and (3) the rebound in stock prices which shook off early losses and traded mixed. Expectations for Thursday's weekly inventory report from the DOE (pushed back a day due to Monday's Columbus Day holiday) are for crude supplies to rise +850,000 bbl, gasoline stockpiles to fall -50,000 bbl, distillate inventories to drop -650,000 bbl and the refinery utilization rate to fall -0.8 to 86.9%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): PEP-Pepsico (BEST earnings consensus $1.30), HST-Host Hotels & Resorts (-0.05), ADTN-ADTRAN (0.59), HCSG-Healthcare Services Group (0.16), OZRK-Bank of the Ozarks (0.42), BLX-Banco Latinoamericano de Comer (0.45).
Global Financial Calendar

Wednesday 10/12/11
United States
0700 ET	Weekly MBA mortgage applications, previous -4.3% with purchase mortgage sub-index -0.8% and refinancing sub-index -5.2%.
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET	Redbook weekly retailer sales.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $21 billion 10-year T-notes.
1315 ET	Cleveland Fed President Sandra Pianalto speaks on ?Leadership in Challenging Times? at the University of Akron?s College of Business Administration.
1320 ET	Dallas Fed President Richard Fisher speaks on Fed operations and U.S. economic conditions at a community forum in Abilene, TX.
1330 ET	Philadelphia Fed President Charles Plosser speaks on the economic outlook to senior executives from the real estate industry at the University of Pennsylvania.
1400 ET	Minutes of the Sep 20-21 FOMC meeting.
France
0130 ET	Sep French CPI (EU harmonized) expected +0.1% m/m and +2.6% y/y, Aug +0.6% m/m and +2.4% y/y.
Germany
0200 ET	Sep German wholesale price index, Aug +0.1% m/m and +6.5% y/y.
United Kingdom
0430 ET	Sep U.K. jobless claims change expected +24,500, Aug +20,300. Sep claimant count rate expected 5.0%, Aug 4.9%.
0430 ET	Aug U.K. avg weekly earnings expected +2.8% 3-mo/year-over-year, Jul +2.8%. Aug avg weekly earnings ex-bonus expected +1.9% 3-mo/year-over-year, Jul +2.1%.
Euro-Zone
0500 ET	Aug Euro-Zone industrial production expected -0.8% m/m and +2.1% y/y, Jul +0.9% m/m and +4.2% y/y.
1430 ET	ECB President Jean-Claude Trichet speaks at the annual dinner of he Association for Financial Markets in Europe in London.
Canada
0830 ET	Aug Canada new housing price index expected +0.1% m/m and +2.3% y/y, Jul +0.1% m/m and +2.3% y/y.
Japan
1950 ET	Aug Japan tertiary index expected -0.3% m/m, Jul -0.1% m/m.
CHI
2200 ET	Sep China trade balance expected +$16.90 billion, Aug +$17.76 billion. Sep exports expected +20.8% y/y, Aug +24.5% y/y. Sep imports expected +24.6% y/y, Aug +30.2% y/y.

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

Ross Stores - ROST - Barchart Chart of the Day

Barchart.coms Chart of the Day - Ross Stores (ROST)

Barchart Research Team - Barchart.com - Tue Oct 11, 5:17PM CDT

Related Stocks

ROST - Ross Stores

Sym	Last	Chg	Pct
ROST	84.95	+0.68	+0.81%

The "Chart of the Day" is Ross Stores (ROST), which showed up on Tuesday's Barchart "All Time High" list. Ross Stores on Tuesday rallied by 0.81% and posted a new all-time high of $85.01. TrendSpotter has been Long since Sep 13 at $76.98. In recent news on the stock, Ross Stores last Thursday reported that Sep same-store sales rose 5% and that total sales rose 9%. The company raised its Q3 EPS guidance to $1.16-1.18 versus the consensus of $1.07. UBS on Sep 23 resumed research coverage on Ross Stores with a Buy and a target of $92. Ross Stores, with a market cap of $9.5 billion, operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households.


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.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• 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:

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Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
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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

Petrobras is raising cash

COMPLETE ARTICLE AND MORE GRAPHS


If you are looking for a stock that is raising cash for a major expansion then look no farther than Petrobras (PBR).  Recently they raised $70 billion through stock offerings, issued $6 billion in bonds, identified $13.6 billion of assets for divestiture and are on target to receive another $35 billion through a positive cash flow.  They will be acquiring and developing assets in the ground at an unprecedented level and should start generating terrific returns for stockholders.  The graph provided by Barchart of the daily trading trends over the past year shows an opportunity to buy on a dip:

Barchart technical indicators:

• Barchart's indicators are based on current price movements from 7 days to 6 months and sell signals can be a buying opportunity to buy on a dip
• 56% Barchart technical sell signal -- the sell signals are weakening and the buy signals are getting stronger
• Trend Spotter sell signal is also weakening
• Trades below its 20, 50 and 100 day moving averages
• Currently trading 44.45% off its 1 year high
• Relative strength Index us 41.63% and rising
• Barchart computes a technical support level at 22.92
• Recently traded at 23.73 with a 50 day moving average of 26.68

Summary:  If you would like to acquire an oil and gas stock that is on a major acquisition spree and is raising the cash to do it that then Petrobras (PBR) is the stock to buy.  If you believe in their business plan all you need to do is look at the fact that the are trading 44% off their 1 year high to identify a buying opportunity on a dip

Jim Van Meerten is a Marketocracy Master

3M for buy and hold

COMPLETE ARTICLE AND MORE GRAPHS

There are not too many companies that you can say Buy and Hold but 3M (MMM) may be one of them.  The ones you'd like to buy and hold should have an A++ financial strength, a 100 percentile price stability rating, fairly predictable earnings streams and a cash flow that will allow for share buy backs, aggressive R&D, funding of acquisitions and any capital expenditures management deems necessary.  3M has all of those.  Buying these companies on dips is always a good long term strategy.  As this 2 1/4 year weekly trading chart provided by Barchart illustrates now might be the time to acquire additional shares:

Barchart technical indicators:

• Short term sell signals in stocks that have terrific price stability can signal a good buying opportunity
• Most of Barchart's technical sell signals are weakening and will shortly be neutral if the trend continues
• 56% Barchart technical sell signal - weakening
• Trend Spotter sell signal is also getting weaker
• Trades below its 20, 50 and 100 day moving averages
• The stock is 24.31% off its 1 year high compared to the overall market which is 22.41% off its one year high
• Relative Strength Index is 43.55% and getting stronger
• Barchart computes a technical support level at 71.32
• Traded recently at 73.82 with a 50 day moving average of 78.77

Summary:  3M (MMM) is a company that lends itself to a buy and hold or a dollar cost averaging strategy. This would be a very good component for your IRA if you put the stock on a DRIP program and acquire shares over time.

Barchart Morning Call 10/11

Barchart Morning Call

Barchart.com - 44 mins ago

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 down -0.80% and Dec S&Ps down -5.30 points. The dollar and Treasuries rallied and most stocks and commodities fell after ECB President Trichet said "the crisis has reached a systemic dimension as sovereign stress has moved from smaller economies to some of the larger countries." The markets are now awaiting a vote later today on the retooled bailout fund by Slovakia, the only Euro-Zone member that has yet to ratify the amended bailout package. The euro fell back against the dollar after Jean-Claude Juncker, head of the Euro-Zone finance ministers, said Greek bondholders may face writedowns of more than 21% envisioned in the July rescue plan and that bondholders may now need to take a write-down of more than 60% on their holdings of Greek debt. European leaders postponed a summit on the debt crisis until Sunday, Oct 23, after EU President Rompuy sought extra time to pursue a "comprehensive" package including a solution for Greece, aid for banks and a further strengthening of the rescue fund. Limiting declines in European stocks was the unexpected strength in Aug U.K. industrial production which rose +0.2% m/m, stronger than expectations of a -0.2% m/m decline.
• Asian stocks today closed mixed with Japan up +1.95%, China -0.20%, Australia +0.63%, South Korea +1.72%, India -0.13%. Most Asian stock markets rose after German and French leaders pledged to support European banks and stem the region's debt crisis. China's Shanghai Stock Index rebounded from a 1-1/4 year low led by a rally in Chinese banks stocks, after state-run Central Huijin Investment, set up to hold the government's stakes in China's biggest banks, bought shares in four of China's biggest banks. Japanese stocks received a boost when Sep Japan consumer confidence rose a more-than-expected +1.6 to 38.6, its best level in 6 months.

Overnight U.S. Stock News

• December S&Ps this morning are trading down -5.30 points. The US stock market yesterday rallied sharply on reduced European sovereign debt concerns after the leaders of France and Germany pledged to deliver a plan to stem the debt crisis in 3 weeks: Dow Jones +2.97%, S&P 500 +3.41%, Nasdaq Composite +3.50%. The S&P 500 posted a 1-1/2 week high, the Dow climbed to a 2-week high and the Nasdaq rose to a 1-week high. Bullish factors included (1) a rally in bank stocks after the pledge from German Chancellor Merkel and French President Sarkozy to deliver a plan to recapitalize European banks and find a "durable" solution for Greece's debt load by the Nov 3 Group of 20 summit, (2) the larger-than-expected increase in Aug German exports, which rose for the first time in 3 months and reduces concern that the European debt crisis will push the Euro-Zone economy into recession, and (3) strength in energy and raw material producers after reduced European debt concerns and a slide in the dollar index to a 1-week low fueled a broad-based rally in most commodities.
• Bearish factors included (1) the action by HSBC to cut its year-end forecast for the S&P 500 to 1,130 from an earlier estimate of 1,430 and (2) the prediction from a Sanford C. Bernstein analyst that if a Volcker rule to prohibit fixed income trading desks from engaging in flow trading is passed, it could cut banks' and financial firms' fixed-income revenue by 25% and reduce profit margins by 18%.

Today's Market Focus

• December 10-year T-notes this morning are up +25 ticks. Cash U.S. government bond trading and CME pit-trading of Treasuries was closed yesterday for Columbus Day but T-note prices on the electronic Globex exchange tumbled to a 2-week low after German and French leaders said they will draw up a plan to recapitalize banks and stop Greece's debt crisis from spreading: TYZ11 -1-9/5/32, FVZ11 -16.7, EDH12 +2.0. Bearish factors included (1) reduced safe-haven demand for Treasuries after global equity markets rallied sharply when German Chancellor Merkel and French President Sarkozy pledged to recapitalize European banks and find a "durable" solution for Greece's debt load by the Nov 3 Group of 20 summit, and (2) supply pressures ahead of $66 billion worth of T-note and T-bond Treasury auctions this week starting with Tuesday's $32 billion auction of 3-year T-notes.
• The dollar index this morning is higher with the dollar/yen -0.04 yen and the euro/dollar -0.31 cents. The dollar index yesterday slumped to a 1-week low after the euro rallied to a 1-week high against the dollar when French and German leaders pledged to deliver a plan to support banks and reiterated a commitment to keep Greece in the Euro-Zone: Dollar Index -1.173, USDJPY -0.054, EURUSD +0.02654. Bearish factors included (1) the pledge by German Chancellor Merkel and French President Sarkozy to recapitalize European banks and find a "durable" solution for Greece's debt load by the Nov 3 Group of 20 summit, (2) reduced safe-haven demand for the dollar after the stock market rallied sharply, and (3) the larger-than-expected increase in Aug German exports, which indicates economic strength in Europe and is euro supportive. Bullish factors included (1) the larger-than-expected drop in the Oct Euro-Zone Sentix investor confidence to a 2-1/4 year low, which is euro negative and (2) increased European demand for dollars after the 3-month dollar Libor rate rose for the 22nd consecutive day to a 14-month high of 0.39417%.
• Nov crude oil prices this morning are down -99 cents a barrel and Nov gasoline is -1.07 cents per gallon. Crude oil and gasoline prices yesterday rallied up to 2-week highs and settled sharply higher after Germany and France pledged to stem the European sovereign-debt crisis: CLX11 +$2.43, RBX11 +4.77. Bullish factors included (1) the slide in the dollar index to a 1-week low, which boosts investment demand in commodities, (2) the pledge by German Chancellor Merkel and French President Sarkozy to recapitalize European banks and find a "durable" solution for Greece's debt load by the Nov 3 Group of 20 summit, which reduced concern the European debt crisis will worsen and diminish energy demand, and (3) comments from Saudi Arabian Oil Minister Ali Al-Naimi who said that "there is no oversupply in the global crude oil market right now." Bearish factors included (1) data from the CFTC that showed hedge funds reduced their long crude positions in the week ended Oct 4 to a 1-1/2 month low on concern slowing economic growth will reduce fuel demand, (2) the greater-than-expected drop in the Oct Euro-Zone Sentix investor confidence to a 2-1/4 year low, which may limit economic growth and fuel demand, and (3) comments from Venezuelan Oil Minister Ramirez who said there are growing divisions within OPEC regarding oil production with some developed countries pressuring the cartel to increase output.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): AA-Alcoa (BEST earnings consensus $0.23), SURG-Synergetics USA (0.08).
Global Financial Calendar

Tuesday 10/11/11
United States
1000 ET	Oct IBD/TIPP economic optimism expected -0.5 to 39.4, Sep +4.1 to 39.9.
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1300 ET	Treasury auctions $32 billion 3-year T-notes.
1400 ET	Sep monthly budget statement expected -$64.0 billion, Aug -$134.2 billion.
Japan
0030 ET	Sep Japan bankruptcies, Aug -3.6% y/y.
0100 ET	Sep Japan consumer confidence expected +0.2 to 35.2, Aug unchanged at 37.0.
0200 ET	Sep Japan eco watchers survey current expected 46.5, Aug 47.3. Sep eco watchers survey outlook, Aug 47.1.
1950 ET	Aug Japan machine orders expected +3.9% m/m and -3.6% y/y, Jul -8.2% m/m and +4.0% y/y.
Euro-Zone
0330 ET	ECB President Jean-Claude Trichet speaks on ESRB to the European Parliament?s economic and monetary committee.
United Kingdom
0430 ET	Aug U.K. DCLG house prices, Jul -1.5% y/y.
0430 ET	Aug U.K. industrial production expected -0.2% m/m and -1.1% y/y, Jul -0.2% m/m and -0.7% y/y.
0430 ET	Aug U.K. manufacturing production expected -0.2% m/m and +1.6% y/y, Jul +0.1% m/m and +1.9% y/y.
Canada
0815 ET	Sep Canada housing starts expected +189,000, Aug +184,600.

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

IBM - Barchart Chart of the Day

Barchart.com's Chart of the Day - IBM (IBM)

Barchart Research Team - Barchart.com - Mon Oct 10, 5:03PM CDT

Related Stocks

IBM - International Business Machines Corp.

Sym	Last	Chg	Pct
IBM	186.62	+4.23	+2.32%

The "Chart of the Day" is IBM (IBM), which showed up on Monday's Barchart "All Time High" list. IBM on Monday rallied by 2.32% and posted a new all-time high of $186.63. TrendSpotter has been Long on IBM since Sep 28 at $177.55. In recent news on the stock, Morgan Stanley last Friday named IBM as a long Research Tactical Idea. Argus on Sep 19 said that IBM may benefit from HP's missteps. IBM is also seeing some strength as a safer tech stock than Apple, which is more dependent on consumer whims and its design prowess which has been impaired by the recent death of Steve Jobs. IBM, with a market cap of $217 billion, is a global provider of computer hardware, software, and services.


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.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

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

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Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

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

---

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

Suntech Power Holdings - STP

COMPLETE ARTICLE AND MORE GRAPHS

Solyndra has signaled the dark days ahead for the solar energy sectors and high flying Suntech Power Holdings (STP) is no exception.  The price is off 97.17% from its one time high and it's currently down 78.30% from its one year high.  The daily trading price on this graph provided by Barchart shows just how bad the daily trading data has been:

Barchart technical indicators:

• 64% overall Barchart technical sell signal
• Trend Spotter technical sell signal
• Below its 20, 50 and 100 day moving averages
• 78.30% off its one year high
• Relative Strength Index is 33.32% but getting stronger
• Barchart computes a technical support level at 1.98
• Recently traded at 2.31 with a 50 day moving average of 4.57

Summary: Venturing into solar energy investments at this point is not investing its pure speculation.  The industry is too dependent on government tax credits and subsidies instead of venture capital R&D seed money at the present time.  Solar power is not price competitive with petroleum, hydro-electric, vegetable oils or even wind power and may not be for some time to come.  Only speculators should consider looking for a dead cat bounce from the solar energy sector.

Jim Van Meerten is a Marketocracy Master

Ctrip.com International grows as the Chinese travel

COMPLETE ARTICLE AND MORE GRAPHS

There is a growing economy in China and as business travel and the middle/upper class begin to vacation travel Ctrip.com International (CTRP) may be the beneficiary of the new found Chinese discretionary income.  They book hotel and airline reservation not only within China but they are also expanding into select international markets.  The last 5 years has been kind to investors in this stock as this Barchart provided graph of the last 5 years shows.  Investors that bought in at the low in November of 2008 saw their investment return 208% by November of 2010.

Barchart technical indicators:

• Barchart indicators are based on technical analysis of price momentum between 7 days and 6 months.  Short term weakness in fundamentally strong companies can signal buying opportunities
• 72% Barchart overall technical sell signal that is weakening its sell indicators
• Trend Spotter sell signal which is trending toward a hold soon
• Below its 20, 50 and 100 day moving averages
• Although the stock is 34.67% off its one year high it has gained 8.02% in the last 5 trading sessions
• Relative Strength Index is 46.15% and rising
• Barchart computes a technical support level at 32.61
• Recently traded at 33.90 with a 50 day moving average of 38.03

Summary:  Ctrip.com International (CTRP) at the present time has a P/E ration more than 2 1/4 times the P/E of the overall market.  If you already own this stock or choose to enter into a new position at this price please continue to hold with the appropriate moving stop losses to protect those profits you've already seen.

Jim Van Meerten is a Marketocracy Master