Friday, January 27, 2012

Intermec - IN - New Highs

On Barchart's S&P 600 small cap new high list: Intermec (IN)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 22.48% in the last month
Relative Strength Index 75.45%
Barchart computes a technical support level at 8.28
Recently traded at 8.41 with a 50 day moving average of 7.31

Lumber :Liguidators - LL - new highs

On Barchart's S&P 600 new high lists: Lumber Liquidators (LL)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 25.35% in the past month
Relative Strength Index 77.22%
Barchart computes a technical support level at 21.72
Recently traded at 21.76 with a 50 day moving average of 17.78

OM Group - OMG - new highs

On Barchart's S&P 600 smallcap list this morning: OM Group (OMG)

Barchart technical indicators:

64% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
17 new highs and up 24.47% in the last month
Relative Strength Index 74.26%
Barchart computes a technical support level at 27.41
Recently traded at 27.77 with a 50 day moving average of 23.42

Barchart Morning Call 1/27

Barchart Morning Call

Barchart.com - 1 hr 45 mins ago

Overnight Developments

Global stocks this morning are mixed with the Euro Stoxx 50 down -0.21% and Mar S&Ps unchanged. The dollar is weaker and commodities are mixed as debt-swap talks between Greece and its private creditors continues with EU Economic and Monetary Affairs Commissioner Rehn saying authorities are "very close" to reaching an agreement on a private-sector involvement this month. According to the head of the European Commission's economic division, Greece must repay 14.5 billion euros of bonds in March and an agreement that triggers as much as $3.2 billion of default insurance may be necessary unless all bondholders approve. The euro strengthened against the dollar as Italian borrowing costs fell after Italy auctioned 8 billion euros of 182-day bills at a yield of 1.969%, down from 3.251% at a similar auction last month and the lowest in 8 months. Undercutting European stocks was the larger-than-expected increase in Spain's Q4 unemployment rate to 22.9%, higher than expectations of 22.2% and the highest in 15 years.
Asian stocks today closed mixed with Japan down -0.09%, China closed for holiday, Australia +0.40%, South Korea +0.44%, India +0.92%. Japanese stocks fell as the yen strengthened and exporters declined, even after Prime Minister Noda pressed the BOJ for "bold" action to curb the yen's gains. Limiting losses in Japanese stocks was the +2.5% y/y increase in Dec Japan retail sales, stronger than expectations of +2.1% y/y and the biggest increase in 16 months. South Korean stocks finished higher, led by a rally in Samsung which rose 1.1% to a record high after the company reported Q4 net income of 4 trillion won ($3.6 billion), better than analysts' estimates of 3.99 trillion won. India's rupee surged to an 11-week high against the dollar after the RBI earlier this week cut banks' reserve requirements by 50 bp to 5.5%, which prompted investors to boost their holdings of Indian assets on speculation economic conditions will improve with an easing of monetary policy.

Overnight U.S. Stock News

March S&Ps this morning are trading unchanged. The US stock market on Thursday opened higher on stronger-than-expected Dec durable goods orders but shed its gains and settled lower after Dec U.S. new home sales unexpectedly declined and Dec leading indicators rose less than expected: Dow Jones -0.18%, S&P 500 -0.57%, Nasdaq Composite -0.46%. The S&P 500 posted a 6-month high, the Dow posted an 8-1/2 month high and the Nasdaq posted a 10-3/4 year high, but they all shed their advances and closed lower. Bearish factors on Thursday included (1) the larger-than-expected increase in weekly initial unemployment claims (+21,000 to 377,000 versus expectations of +18,000 to 370,000), (2) the smaller-than-expected increase in Dec leading indicators (+0.4% versus expectations of +0.7%), (3) weakness in homebuilders after the unexpected decline in Dec U.S. new home sales (-2.2% to 307,000 versus expectations of +1.9% to 321,000), and (4) weakness in bank stocks on concern the Fed's pledge to maintain record low interest rates until 2014 may hurt banks' earnings prospects and their profitability.
Bullish factors included (1) the stronger-than-expected Dec durable goods orders along with the upward revision to Nov (Dec +3.0% and +2.1% ex transportation versus expectations of +2.0% and +0.9% ex transportation and Nov revised up to +4.3% and +0.5% ex transportation from the originally reported +3.7% and +0.3% ex transportation), (2) decent Q4 reported earnings thus far as 68% of the 146 companies in the S&P 500 that have reported earnings results since Jan 9 have beaten per-share earnings estimates, and (3) reduced European debt concerns as Italian borrowing costs fell after Italy sold 4.5 billion euros of zero-coupon 2014 debt, the maximum target, at a yield of 3.783%, down from a similar-maturity auction last month of 4.853%.

Today's Market Focus

March 10-year T-notes this morning are down -2.5 ticks. T-note prices on Thursday posted a 1-week high and settled higher on carry-over support from Wednesday's action by the Fed to extend record-low interest rates until late 2014 along with an unexpected decline in Dec U.S. new home sales: TYH2 +21.5, FVH2 +7.5, EDM2 +.020. Bullish factors included (1) carry-over support from Wednesday's action by the Fed to extend record-low interest rates until late 2014 along with speculation the Fed may implement QE3 after Fed Chairman Bernanke said policy makers are "prepared to provide further monetary accommodation," (2) the smaller-than-expected increase in Dec leading indicators (+0.4% versus expectations of +0.7%), and (3) the unexpected decline in Dec U.S. new home sales (-2.2% to 307,000 versus expectations of +1.9% to 321,000). Bearish factors included (1) the stronger-than-expected Dec durable goods orders along with the upward revision to Nov (Dec +3.0% and +2.1% ex transportation versus expectations of +2.0% and +0.9% ex transportation and Nov revised up to +4.3% and +0.5% ex transportation from the originally reported +3.7% and +0.3% ex transportation), and (2) slack demand for the Treasury's $29 billion 7-year T-note auction that had a bid-to-cover ratio of 2.73, below the 12-auction average of 2.82.
The dollar index this morning is weaker with the dollar/yen -0.51 yen and the euro/dollar +0.33 cents. The dollar index on Thursday dropped to a 1-1/2 month low and settled lower on carry-over weakness from Wednesday's Fed action to extend record low interest rates until late 2014 along with a decline in Italian borrowing costs that lifted the euro: Dollar Index -0.184, USDJPY -0.326, EURUSD +0.00028. Bearish factors included (1) carry-over weakness from Wednesday's Fed action to extend record low interest rates until late 2014 from mid-2013, which weakens the dollar's interest rate differentials, (2) a decline in Italian borrowing costs which lifted the euro to a 1-month high against the dollar after Italy sold 4.5 billion euros of zero-coupon 2014 debt, the maximum target, at a yield of 3.783%, down from a similar-maturity auction last month of 4.853%, and (3) an improvement in European funding conditions which reduced the safe-haven demand for the dollar after the 3-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, narrowed to 68 bp below the euro interbank offer rate, the least expensive in 5-1/2 months.
Mar crude oil prices this morning are up +22 cents a barrel and Mar gasoline is +1.62 cents per gallon. Crude oil and gasoline prices on Thursday settled higher after U.S. durable good orders rose more than expected and the dollar declined: CLH12 +$0.30, RBH12 +1.34. Mar gasoline rallied to a 3-1/4 month high. Bullish factors included (1) the slump in the dollar index to a 1-1/2 month low, which boosts investment demand in commodities, (2) the larger-than-expected increase in Dec U.S. durable goods orders, which signals economic strength that is beneficial for energy demand and consumption, and (3) strength in gasoline on potential supply shortages on the U.S. East Coast after the recent shutdown of Pennsylvania refineries by Sunoco and ConocoPhillips and the closure of the St. Croiz refinery by Hovensa LLC. Bearish factors included (1) the announcement by Libya's National Oil Corp. that Libya's crude production had increased to 1.3 million barrels a day on Jan 25 from 1.0 million barrels a day last month and (2) concerns over the sustainability of U.S economic growth after Dec U.S. new home sales unexpectedly declined and Dec leading economic indicators rose less than expected.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CVX-Chevron (BEST earnings consensus $2.85), PG-Procter & Gamble (1.08), MO-Altria Group (0.49), F-Ford Motor (0.26), HON-Honeywell International (1.04), D-Dominion Resources (0.64), NEE-NextEra Energy (0.91), AEP-American Electric Power (0.41), TROW-T Rowe Price Group (0.69), MCHP-Microchip Technology (0.42), NWL-Newell Rubbermaid (0.38), IDXX-IDEXX Laboratories (0.63), DHI-DR Horton (0.04), NS-NuStar Energy LP (0.31), LM-Legg Mason (0.27).
Global Financial Calendar

Friday 1/27/12
United States
0830 ET	Q4 U.S. GDP expected +3.0% annualized, Q3 +1.8% annualized. Q4 personal consumption expected +2.4%, Q3 +1.7%. Q4 GDP price index expected +1.9%, Q3 +2.6%. Q4 core PCE expected +0.9% q/q, Q3 +2.1% q/q.
0955 ET	Final Jan U.S. University of Michigan consumer confidence expected unchanged at 74.0, previous +4.1 to 74.0.
Germany
0200 ET	Dec German import price index expected +0.3% m/m and +3.8% y/y, Nov +0.4% m/m and +6.0% y/y.
Euro-Zone
0400 ET	Dec Euro-Zone M3 money supply expected +2.3% 3-mo avg and +2.1% y/y, Nov +2.5% 3-mo avg and +2.0% y/y.
0600 ET	ECB Executive Board member Jose Manuel Gonzalez-Paramo speaks at an event in Madrid.

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

Digital Realty - DLR - Barchart Chart of the Day

Barchart.com's Chart of the Day - Digital Realty Trust (DLR)

Barchart Research Team - Barchart.com - Thu Jan 26, 4:33PM CST

Related Stocks

DLR - Digital Realty Trust

Sym	Last	Chg	Pct
DLR	69.59	+0.75	+1.09%

The "Chart of the Day" is Digital Realty Trust (DLR), which showed up on Thursday's Barchart "All Time High" list. DLR on Thursday posted a new all-time high of $69.87 and closed up 1.09%. TrendSpotter has been Long since Oct 18 at $58.92. In recent news on the stock, Collins Stewart on Jan 19 initiated coverage with a Neutral and a target of $65. KeyBanc on Jan 12 downgraded DLR to Hold from Buy due to valuation but raised its target price to $68 from $66. Digital Realty Trust, with a market cap of $7.1 billion, owns, acquires, repositions and manages technology-related real estate, mainly data centers.

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

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

Thursday, January 26, 2012

Terex - TEX - new highs

On Barchart's S&P 400 midcap 400 new highs list today: Terex (TEX)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 64.32% in the last month
Relative Strength Index 82.23%
Barchart computes a technical support level at 20.95
Recently traded at 22.37 with a 50 day moving average of 15.41

Valspar - VAL - new highs

On Barchart's S&P 400 midcap new high list today: Valspar (VAL)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 10.06% in the last month
Relative Strength Index 73.69%
Barchart computes a technical support level at 42.45
Recently traded at 42.60 with a 50 day moving average of 38.03

Idexx Labs -IDXX - hits new highs

On Barchart's S&P 400 midcap new highs list today: Indexx Labs (IDXX)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
17 new highs and up 13.18% in the past month
Relative Strength Index 81.61%
Barchart computes a technical support level at 84.61
Recently traded at 87.27 with a 50 day moving average of 76.91

Barchart Morning Call 1/26

Barchart Morning Call

Barchart.com - 1 hr 41 mins ago

Overnight Developments

Global stocks this morning are mostly higher with the Euro Stoxx 50 up +0.46% and Mar S&Ps up +3.90 points at a 6-month high. Commodities and Treasuries gained, with copper at a 4-1/4 month high, while the dollar index fell to a 1-1/2 month low on carry-over reaction to yesterday's signal from the Fed that it plans to maintain near-zero interest rates through 2014. The euro climbed to a 1-month high against the dollar on optimism Greece is making progress in talks for a debt-swap deal after the Greek newspaper Ethnos reported that private creditors will submit a new offer that Greek bonds issued as part of a debt exchange should carry a weighted-average coupon of 3.75%. Other positive factors for the euro and stocks were the unexpected +0.2 point increase in the Feb German GfK consumer confidence survey to a 10-month high of 5.9 along with the decline in Italian borrowing costs after Italy sold 4.5 billion euros of zero-coupon 2014 debt, the maximum target, at a yield of 3.783%, down from a similar-maturity auction last month of 4.853%.
Asian stocks today closed mixed with Japan down -0.39%, China, Australia and India closed for holiday, South Korea +0.15%. Asian stocks were supported after the Fed extended its pledge to keep interest rates near record lows, which boosted exporters on optimism the Fed's actions will keep the U.S. economy expanding and strengthen exporters' earnings. Mining companies gained as gold and copper prices climbed to 1-1/2 month highs, while energy producers also rallied as crude oil climbed above $100 a barrel. Japanese stocks were undercut after Japan's Finance Ministry said the country's public debt will probably exceed a quadrillion yen for the first time next year as it projects public borrowings to rise to 1,086 trillion yen ($14 trillion) in the year ending Mar 2013, which adds pressure on the government to raise taxes to restore the nation's finances. Also limiting gains in Asian markets are growth concerns after Q4 South Korea GDP expanded +04% q/q, weaker than expectations of +0.5% q/q.

Overnight U.S. Stock News

March S&Ps this morning are trading up +3.90 points at a fresh 6-month high. The US stock market on Wednesday settled higher after the Fed said interest rates will remain at record lows until at least 2014 and after technology stocks surged when Apple reported stellar earnings: Dow Jones +0.64%, S&P 500 +0.87%, Nasdaq Composite +1.14%. The S&P 500 posted a 6-month high, the Dow posted an 8-1/2 month high and the Nasdaq posted a 10-3/4 year high. Bullish factors on Wednesday included (1) the action by the Fed to extend its pledge to hold interest rates at record lows until late 2014 from an Aug pledge to keep rates "exceptionally low" at least through 2013 as Fed Chairman Bernanke said the Fed aims to support a "stronger" recovery, (2) the unexpected increase in the Nov FHFA house price purchase only index (+1.0% m/m versus expectations of unchanged), (3) strength in technology stocks after Apple reported its quarterly profit more than doubled, and (4) a decent start to Q4 earnings season as 66% of the 112 companies in the S&P 500 that have reported earnings results since Jan 9 have beaten per-share earnings estimates.
Bearish factors included (1) carry-over weakness from a decline in European stocks after the ECB was said to be firmly opposed to any restructuring of its Greek bond holdings, which fuels concern that Greece may yet default on its debt as a solution to its debt swap remains unresolved, (2) the weaker-than-expected Dec pending U.S. home sales (-3.5% m/m versus expectations of -1.0% m/m), and (3) the Fed's cut in its 2012 U.S. growth forecast to between 2.2% and 2.7%, down from a Nov forecast of between 2.5% and 2.9%.
Netflix (NFLX) surged 18% in pre-market trading after the company reported late yesterday Q4 EPS of 73 cents a share, well ahead of analysts' estimates of 54 cents.

Today's Market Focus

March 10-year T-notes this morning are up +14.5 ticks. T-note prices on Wednesday settled higher after the Fed said it will keep the Fed funds rate at a record low at least until late 2014: TYH2 +21.5, FVH2 +16.0, EDM2 +.020. Bullish factors included (1) the Fed's dovish post-FOMC statement that said the Fed funds rate will stay at a record low until at least late 2014, which extends their pledge from Aug 9 that the Fed funds rate will remain "exceptionally low" at least through mid-2013, as they anticipate unemployment will remain high and inflation "subdued," (2) the weaker-than-expected Dec pending U.S. home sales (-3.5% m/m versus expectations of -1.0% m/m), and (3) strong demand for the Treasury's $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of 3.17, better than the 12-auction average of 2.86 and the highest in 8 months. Bearish factors included (1) the unexpected increase in the Nov FHFA house price purchase only index (+1.0% m/m versus expectations of unchanged) and (2) supply pressures ahead of the Treasury's $29 billion auction of 7-year T-notes on Thursday.
The dollar index this morning is weaker and at a 1-1/2 month low with the dollar/yen -0.14 yen and the euro/dollar +0.41 cents. The dollar index on Wednesday shed an early advance and slumped to a 1-monthlow and settled lower after the Fed extended its pledge to hold interest rates at record lows until late 2014: Dollar Index -0.289, USDJPY +0.107, EURUSD +0.00700. Bearish factors included (1) the Fed's post-FOMC statement that said the Fed funds rate will stay at a record low until at least late 2014, which extends their pledge from Aug 9 that the Fed funds rate will remain "exceptionally low" at least through mid-2013 and weakens the dollar's interest rate differentials, and (2) the larger-than-expected increase in the Jan German IFO business climate to a 5-month high, which is euro supportive. Bullish factors included (1) euro negative comments from 2 people familiar with the Governing Council's stance of the ECB who said that the ECB was firmly opposed to any restructuring of its Greek bond holdings and (2) weakness in the yen which fell to a 1-3/4 month low against the dollar after Dec Japan exports fell -8.0% y/y, weaker than expectations of -7.4% y/y as Japan posted an annual trade shortfall in 2011 of -2.49 trillion yen (-$32 billion), it's first annual trade deficit in 31 years.
Mar crude oil prices this morning are up +$1.24 a barrel and Mar gasoline is +1.21 cents per gallon. Crude oil and gasoline prices on Wednesday settled higher after the dollar slumped when the Fed said its will extend its record low interest rates and on gasoline supply concerns after Hess Corp. said it will close its gasoline-making Port Reading refinery for repairs: CLH12 +$0.45, RBH12 +2.69. Mar gasoline rallied to a 3-1/4 month high. Bullish factors included (1) weakness in the dollar after the Fed said that interest rates will stay low until at least 2014, extending its earlier pledge that rates would stay low through at least 2013, (2) strength in gasoline after Hess Corp said it will close its gasoline-making Port Reading refinery in New Jersey for repairs, which will tighten gasoline supplies on the U.S. East Coast, (3) the unexpected -390,000 bbl decline in weekly DOE gasoline inventories, weaker than expectations of a +2.0 million bbl build, (4) the -2.8% w/w drop in U.S. gasoline production to 8.54 million bbl for the week ended Jan 20, the lowest gasoline output in nearly 2 years, and (5) the larger-than-expected fall in the weekly U.S. refinery utilization rate to its lowest in 8-1/2 months (-1.5 to 82.2% versus expectations of -0.6 to 83.1%), which indicates diminished output of gasoline and distillates in the weeks ahead. Bearish factors included (1) the larger-than-expected increase in weekly DOE crude supplies (+3.56 million bbl versus expectations of +1.5 million bbl) and (2) comments from a person familiar with OPEC's policy who said OPEC members would replace any loss in supply caused by the EU's ban on crude imports from Iran.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): T-AT&T (BEST earnings consensus $0.43), CAT-Caterpillar (1.73), MMM-3M Co. (1.31), AMGN-Amgen (1.23), BMY-Bristol-Myers Squibb (0.55), CL-Colgate-Palmolive (1.29), SBUX-Starbucks (0.49), CELG-Celgene (1.05), BAX- Baxter International (1.17), LMT-Lockheed Martin (1.95), PCP-Precision Castparts (2.21), COV-Covidien PLC (1.03), TWC-Time Warner Cable (1.21), CB-Chubb (1.60), RTN-Raytheon (1.34), ETN-Eaton (1.12).
Global Financial Calendar

Thursday 1/26/12
United States
0830 ET	Weekly initial unemployment claims expected +18,000 to 370,000, previous -50,000 to 352,000. Weekly continuing claims expected +68,000 to 3.500 million, previous 215,000 to 3.432 million.
0830 ET	Dec durable goods orders expected +2.0% and +0.9% ex transportations, Nov +3.7% and +0.3% ex transportation.
1000 ET	Dec leading indicators expected +0.7%, Nov +0.5%.
1000 ET	Dec new home sales expected +1.9% to 321,000, Nov +1.6% to 315,000.
1300 ET	Treasury auctions $29 billion 7-year T-notes.
1630 ET	Weekly money supply report and Fed balance sheet.
Germany
0200 ET	Feb German GfK consumer confidence survey expected unchanged at 5.6, Jan unchanged at 5.6.
France
0245 ET	Jan French consumer confidence indicator expected unchanged at 80, Dec unchanged at 80.
United Kingdom
0600 ET	Jan U.K. CBI reported sales expected -6, Dec 9.
Japan
1830 ET	Jan Tokyo CPI expected -0.4% y/y, Dec -0.4% y/y. Jan Tokyo CPI ex-fresh food expected -0.3% y/y, Dec 0.3% y/y. Jan Tokyo CPI ex food & energy expected -1.0% y/y, Dec -1.1% y/y.
1830 ET	Dec Japan national CPI expected -0.2% y/y, Nov -0.5% y/y. Dec national CPI ex-fresh food expected -0.1% y/y, Nov -0.2% y/y. Dec national CPI ex food & energy expected -1.1% y/y, Nov -1.1% y/y.
1850 ET	Dec Japan retail trade expected +0.4% m/m and +2/0% y/y, Nov -2.0% m/m and -2.2% y/y.

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

Regeneron Pharma - Barchart Chart of the Day

Barchart.com's Chart of the Day - Regeneron Pharmaceuticals (REGN)

Barchart Research Team - Barchart.com - Wed Jan 25, 7:27PM CST

Related Stocks

REGN - Regeneron Pharmaceuticals

Sym	Last	Chg	Pct
REGN	82.90	+3.49	+4.39%

The "Chart of the Day" is Regeneron Pharmaceuticals (REGN), which showed up on Wednesday's Barchart "All Time High" list. Regeneron on Wednesday posted a new all-time high of $83.14 and closed up 4.39%. TrendSpotter has been Long since Jan 5 at $60.94. In recent news on the stock, Roth Capital downgraded Regeneron to Neutral from Buy with a target of $78 on valuation concerns. Regeneron on Jan 10 rallied 14.9% after Eylea sales beat expectations. RW Baird on Jan 10 upgraded Regeneron to Outperform from Neutral and raised its target to $81 from $56. Regeneron Pharmaceuticals, with a market cap of $7.2 billion, is a biopharmaceutical company that discovers, develops, and commercializes therapeutic drugs for the treatment of serious medical conditions.

regn_700

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: 80% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 33% Buy
Overall Average 80% Buy

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

Wednesday, January 25, 2012

Carnival Cruises (CCL) is sinking again

Carnival Cruises (CCL) is having one fiasco after another. I had just about talked my wife into an ocean cruise when the Costa Concordia owned by Carnival hit the rocks and sank on January 13th. I was watching the news on January 24th just as divers pulled another missing body from the wreckage. I could hear the postman's truck coming down the street and went to get my mail.

To my surprise there was a joint mailing from Carnival Cruises (CCL) and American Express (AXP) offering me a $100 on board credit if I would book a cruise on the already sunk Costa Concordia. I called the 800 number on the offer to give them my opinion that it was not only in poor taste but a marketing blunder by them for not pulling a mailing weeks after the ship had sunk.

To my surprise instead of getting an apology and maybe a offering of a discount on another cruise - which is what I would have done if I managed the call center - the phone rep started ripping me a new one. When I voiced that I thought she was out of line and asked to speak to a supervisor she really let loose on me again and hung up on me.

I was stunned! Here was an opportunity to perform damage control and market to a potential customer another cruise and they chose to blow it by attacking me.

I wasn't a new customer. Last summer my mother and I took a very enjoyable 14 day cruise to Alaska on the Holland America ship called the Amsterdam and thought the $12,000 total we spent on the cruise was a great value.

Enough about how poorly Carnival is handling this disaster let's look at the numbers. They tell me more than just the ship has hit the rocks:

Barchart technical indicators:

96% Barchart technical sell signal
Trend Spotter sell signal
Below it's 20, 50 and 100 day moving average
35.44% off its previous 1 year high
Relative strength Index 41.15% and sinking
Recently traded at 30.79 which is below its 50 day moving average of 32.73

Tuesday, January 24, 2012

Caterpillar - CAT - new highs

On Barchart's S&P 500 new highs list this morning: Caterpillar (CAT)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 15.31% in the last month
Relative Strength Index 76.20%
Barchart computes a technical support level at 104.82
Recently traded at 105.25 with a 50 day moving average of 94.64

Cummins - CMI - new highs

On Barchart's S&P 500 new highs list today: Cummins (CMI)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 18.45% in the last month
Relative Strength Index 70.64%
Barchart computes a technical support level at 103.29
Recently traded at 105.50 with a 50 day moving average of 93.78

Harmon International - HAR - new highs

On Barchart's S&P 500 new highs list today: Harmon (HAR)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 16.73% in the last month
Relative Strength Index 69.05%
Barchart computes a technical support level at 42.48
Recently traded at 43.88 with a 50 day moving average of 39.45

JM Smucker - SJM - Barchart Chart of the Day

Barchart.coms Chart of the Day - J.M. Smucker Company (SJM)

Barchart Research Team - Barchart.com - Mon Jan 23, 4:12PM CST

Related Stocks

SJM - J.M. Smucker Company

Sym	Last	Chg	Pct
SJM	81.06	+0.68	+0.85%

The "Chart of the Day" is J.M. Smucker Company (SJM), which showed up on Monday's Barchart "All Time High" list. Smucker on Monday posted a new all-time high of $81.25 and closed up 0.85%. TrendSpotter has been Long since Dec 20 at $78.39. In recent news on the stock, JP Morgan on Nov 18 added Smucker to its Focus List and reiterated its Overweight rating. Barron's on Nov 18 ran a favorable article on Smucker, saying the company should benefit from recent price increases and that its brands should give it leverage with retailers and resonate with consumers as the economy improves. J.M. Smucker Company, with a market cap of $9 billion, is the leading marketer of jams, jellies, preserves, and other fruit spreads in the U.S.

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

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

Barchart Morning Call 1/24

Barchart Morning Call

Tue, 24 Jan 2012 07:00:00 -0600

Overnight Developments

Global stocks this morning are mostly lower with the Euro Stoxx 50 down -0.73% and Mar S&Ps down -7.10 points. The dollar strengthened, Treasuries rose and most commodities fell amid a stalemate in Greek debt talks. European finance chiefs are seeking coupons on Greek debt below 3.5% to be serviced until 2020 and below 4% for Greek debt that will be serviced for 30 years, while the private creditors of Greek debt want an average 4% interest rate on the new Greek bonds. A decline in bank stocks led losses in European stocks as Societe Generale and Credit Agricole both fell more than 5% after they both had their ratings downgraded to A from A+ by Standard & Poor's. The euro rose to a 2-1/2 week high against the dollar after a report showed European services and manufacturing industries unexpectedly expanded this month. The Jan Euro-Zone PMI composite rose +2.1 to 50.4, stronger than expectations of +0.2 to 48.5 and its best level in 5 months. The euro also received a boost as Spain's borrowing costs declined after its government sold 2.51 billion euros of 3 and 6-month bills, meeting the maximum target for the sale.
Asian stocks today closed mostly higher with Japan up +0.22%, China and South Korea closed for holiday, Australia -0.92%, India +1.46%. Japan's Nikkei 225 Stock Index advanced to a 2-1/2 month high as the yen slid to a 3-week low against the dollar, which boosts the earnings prospects of exporters. Japanese stocks gained despite the action by the BOJ to cut its 2012 growth outlook to 2.0% from an Oct estimate of 2.2% on concern the European debt crisis will slow exports and keep the yen near a record high. The BOJ also kept the benchmark lending rate at 0.00 to 0.10% and maintained its asset-buying fund at 20 trillion yen ($230 billion) and its credit-lending program at 35 trillion yen. India's Sensex Stock Index rallied to a 2-1/4 month high after the RBI cut banks' cash reserve ratio to 5.5% from 6.0%, the first cut in the reserve ration since 2009.

Overnight U.S. Stock News

March S&Ps this morning are trading down -7.10 points. The US stock market on Monday relinquished an early rally and settled mixed on profit taking: Dow Jones -0.09%, S&P 500 +0.05%, Nasdaq Composite -0.09%. The S&P 500 posted a 5-3/4 month high, the Dow rose to an 8-1/2 month high and the Nasdaq climbed to a 10-3/4 year high. Bearish factors on Monday included (1) concerns over global economic growth after Germany's Bundesbank said that economic growth in Germany may have come to a "standstill" in Q4 of 2011 because of the European debt crisis, (2) profit-taking in stocks as the S&P 500 has rallied over 14% in the past 2-months up to Monday's 5-3/4 month high, and (3) the increase in the 10-year T-note yield to a 1-1/2 month high of 2.09%.
Bullish factors included (1) speculation EU finance ministers will make progress in solving the region's sovereign-debt crisis after French Finance Minister Baroin said negotiations between Greece and its private creditors were making "tangible progress," (2) comments from IMF Managing Director Lagarde who said that efforts to secure additional IMF resources of $500 billion are "on the optimistic side," and (3) strength in energy and raw-material producers as a weaker dollar prompted a broad-based rally in most commodities and as crude oil gained when the EU said it agreed to adopt sanctions that will ban imports of crude and oil products from Iran starting Jul 1.

Today's Market Focus

March 10-year T-notes this morning are up +5 ticks. T-note prices on Monday fell to a 3-1/2 week low and closed lower for a fourth day on speculation EU finance ministers will make progress in solving the region's sovereign-debt crisis and reduce the safe-haven demand for Treasuries: TYH2 -9.0, FVH2 -2.2, EDM2 +1.5. The 10-year T-note yield climbed to a 1-1/2 month high of 2.092%. Bearish factors included (1) reduced safe-haven demand for Treasuries on signs European officials are moving closer to resolving the region's debt crisis after French Finance Minister Baroin said negotiations between Greece and its private creditors were making "tangible progress," (2) technical selling after the 10-year T-note yield rose to a 1-1/2 month high, and (3) the action by JPMorgan to raise its Q1 estimate for the 10-year T-note yield to 2.25% from 1.7%, saying it has turned "mildly bearish" on Treasuries as funding conditions in Europe improve and cash flows out of U.S. government bond funds. Bullish factors included (1) global economic growth concerns after Germany's Bundesbank said that economic growth in Germany may have come to a "standstill" in Q4 of 2011 because of the European debt crisis and (2) the action by the Fed to purchase $1.745 billion of long-term Treasuries as part of its Operation Twist program to replace $400 billion of short-term debt in its portfolio with longer-term Treasuries in an effort to keep long-term rates low.
The dollar index this morning is higher with the dollar/yen +0.26 yen and the euro/dollar -0.03 cents. The dollar index on Monday fell to a 2-1/2 week low and settled lower after the euro rallied on speculation EU finance ministers will find a solution to the region's debt crisis: Dollar Index -0.440, USDJPY unchanged, EURUSD +0.00831. Bearish factors included (1) strength in the euro which rallied to a 2-1/2 week high against the dollar after French Finance Minister Baroin said negotiations between Greece and its private creditors were making "tangible progress," (2) the unexpected +0.7 point increase in Jan Euro-Zone consumer confidence, which is euro supportive, and (3) fuel for further short-covering in the euro after CFTC data showed that large traders and fund managers increased their net short positions in the euro to a record 160,030 contracts in the week ended Jan 17. Bearish factors included (1) the unexpected -3 point decline in Jan French business confidence to a 23-month low of 91, which is euro negative and (2) the statement from Germany's Bundesbank that economic growth in Germany may have come to a "standstill" in Q4 of 2011 because of the European debt crisis.
Mar crude oil prices this morning are down -37 cents a barrel and Mar gasoline is -0.56 of a cent per gallon. Crude oil and gasoline prices on Monday finished mixed as a weak dollar and a EU agreement to ban crude imports from Iran boosted crude, while economic growth concerns undercut gasoline: CLH12 +$1.25, RBH12 -0.47. Mar crude recovered from a 1-month low and closed higher. Bullish factors included (1) the slide in the dollar index to a 2-1/2 week low, which boosts investment demand in most commodities, (2) the action by the EU to agree to ban crude and crude products from Iran starting Jul 1 in an effort to pressure the country over its nuclear program, and (3) the statement from Iran's deputy head of foreign affairs and national security who said "If any disruption happens regarding the sale of Iranian oil, the Strait of Hormuz will definitely be closed." Bearish factors included (1) the unexpected decline in Jan French business confidence to a 23-month low, which may lead to reduced economic activity and energy demand and (2) the statement from Germany's Bundesbank that economic growth in Germany may have come to a "standstill" in Q4 of 2011 because of the European debt crisis, which signals reduced fuel demand and consumption.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): AAPL-Apple (BEST earnings consensus $10.11), JNJ-Johnson & Johnson (1.09), VZ-Verizon Communications (0.53), MCD-McDonolds (1.30), EMC-EMC Corp. (0.46), DD-EI du Pont de Nemours & Co. (0.33), KMB-Kimberly-Clark (1.30), NSC-Norfolk Southern (1.40), TRV-Travelers Cos. (1.52), BHI-Baker Hughes (1.32), SYK-Stryker (1.02), YHOO-Yahoo! (0.24), APD-Air Products & Chemicals (1.36), COH-Coach (1.15), ALTR-Altera (0.42), BTU-Peabody Energy (1.31), HOG-Harley-Davidson (0.22).
Global Financial Calendar

Tuesday 1/24/12
United States
0745 ET	ICSC (Int’l Council of Shopping Centers) weekly retailer sales.
0855 ET	Redbook weekly retailer sales.
0930 ET	FOMC begins 2-day policy meeting.
1000 ET	Jan Richmond Fed manufacturing index expected +4 to 7, Dec +3 to 3.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $35 billion 2-year T-notes.
2100 ET	2012 State of the Union Address.
France
0300 ET	Jan French PMI manufacturing expected -0.3 to 48.6, Dec +1.6 to 48.9.
0300 ET	Jan French PMI services expected -0.3 to 50.0, Dec +0.7 to 50.3.
Germany
0330 ET	Jan German PMI manufacturing expected +0.6 to 49.0, Dec +0.5 to 48.4.
0330 ET	Jan German PMI services expected unchanged at 52.4, Dec +2.1 to 52.4.
Euro-Zone
0400 ET	Jan Euro-Zone PMI composite expected +0.2 to 48.5, Dec +1.3 to 48.3.
0500 ET	Nov Euro-Zone industrial new orders expected -2.2% m/m and -2.7% y/y, Oct +1.8% m/m and +1.6% y/y.
0905 ET	ECB Executive Board member Jose Manuel Gonzalez-Paramo speaks at an event in New York.
United Kingdom
0430 ET	Dec U.K. public sector net borrowing expected +12.1 billion pounds, Nov +15.2 billion pounds.
Canada
0830 ET	Nov Canada retail sales expected +0.2% and +0.1% less autos, Oct +1.0% and +0.7% less autos.
Japan
1850 ET	Dec Japan merchandise trade balance expected -154.9 billion yen, Nov -687.6 billion yen. Dec exports expected -7.4% y/y, Nov -4.5% y/y. Dec imports expected +8.0% y/y, Nov +11.4% y/y.

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

Monday, January 23, 2012

Country Style Cooking - CCSC - new highs

Country Style Cooking - (CCSC) was on Barchart's new high list today

Barchart technical indicators:

40% Barchart technical buy signal
Trend Spotter buy signal
Above its 20 and 50 day moving average but still below its 100 day moving average
14 new highs and up 32.80% in the last month
Relative Strength Index 69.01%
Barchart computes a technical support level at 9.97
Recently traded at 10.00 with a 50 day moving average of 9.38

Cardero Resources - CDY - buy signals

Cardero Resources (CDY) was on the Barchart new high list today

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 40.43% in the last month
Relative Strength Index 74.40%
Barchart computes a technical support level at 1.26
Recently traded at 1.33 with a 50 day moving average of 1.08

Honda Motors - HMC - buy signals

This morning Honda Motors (HMC) is on Barchart's new high list.

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 15.47% in the last month
Relative Strength Index 77.69%
Barchart computes a technical support level at 34.44
Recently traded at 34.92% with a 50 day moving average of 30.71

Bristol-Myers Squibb - BMY - sell signals

This morning I deleted Bristol-Myers Squibb - BMY - from the Barchart Van Meerten New High portfolio for negative price momentum:

Barchart technical indicators:

40% Barchart short term technical sell signal
Trend Spotter sell signal
Below its 20 and 50 day moving average but still above its 100 day moving average
7.82% off its 1 year high
Relative Strength Index 35.44% and falling
Barchart computes a technical support level at 32.35

Taser International - TASR - deleted

This morning I deleted Taser International (TASR) for the Barchart Van Meerten New High portfolio for negative price momentum.

Barchart technical indicators:

80% Barchart short term technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving average
23.73% off its 1 year high
Barchart computes a technical support level at 4.85
Relative strength Index 35.56%

Barchart Morning Call 1/23

Barchart Morning Call

Barchart.com - Mon Jan 23, 7:00AM CST

Overnight Developments

Global stocks this morning are mostly higher with the Euro Stoxx 50 up +0.35% and Mar S&Ps up +1.00 point at a 5-3/4 month high. The dollar index fell to a 3-1/2 week low and most commodities rose with Feb gold at a 5-week high as European finance ministers gathered in Brussels to discuss new budget rules and a Greek debt swap. The euro rose to a 2-1/2 week high against the dollar and yields on Greek government debt fell after the FT Deutschland reported that unnamed government officials said negotiators for Greece and the IIF broadly agreed on terms of a debt swap over the weekend. Crude oil rose in overnight electronic trade after Dutch Foreign Minister Uri Rosenthal said EU foreign ministers adopted sanctions that will ban imports of crude and oil products from Iran as of Jul 1 as part of measures to ratchet up pressure on Iran's nuclear program. Limiting gains in European stocks was the statement from Germany's Bundesbank that economic growth in Germany may have come to a "standstill" in Q4 of 2011 because of the European debt crisis, while Jan French business confidence unexpectedly fell -3 points to a 23-month low of 91, weaker than expectations of a +1 point increase to 95.
Asian stocks today closed mixed with Japan down -0.01%, China and South Korea closed for holiday, Australia -0.34%, India +0.08%. Asian exporters rallied as rising home sales in the U.S. bolstered the view the U.S. economy will continue to strengthen while falling European borrowing costs add to optimism that the region's debt crisis may be easing. Japanese internet-related companies rose after BNP Paribas said the sector may be undervalued, while Moody?s Investors Service said the action by China to slow non-bank financing growth will help it to achieve a ?soft landing? and reduce concerns about systemic risk. Limiting gains in Asian stocks were losses in companies that receive revenue from Europe as EU finance ministers continue to craft a long-term plan to tackle the region's debt crisis while Greek government negotiators continue to try to reach agreement that will lighten the country's debt burden.

Overnight U.S. Stock News

March S&Ps this morning are trading up +1.00 point. The US stock market on Friday settled mixed as strong earnings from IBM lifted the Dow to a 6-month high while weaker-than-expected U.S. existing home sales and concerns over Chinese economic growth pressured the overall market: Dow Jones +0.76%, S&P 500 +0.07%, Nasdaq Composite -0.06%. Bullish factors on Friday included (1) strength in the Dow after gains in IBM, which compromises 11% of the share-price weighting of the Dow, when the company forecast earnings will increase to at least $14.85 a share this year, better than analysts' estimates of $14.81, (2) strength in technology stocks after Microsoft gained when it said Christmas sales were strong for its video-game consoles and its Kinect sensor controllers and a rally in Intel which rose after it predicted strong Q1 revenue and said the shortage of disk drives that had slowed personal computer production may be ending and (3) optimism that European officials are moving closer to resolving the region's debt crisis after a draft of a budget treaty obtained by Bloomberg showed European governments are working toward tougher rules on budget deficits.
Bearish factors included (1) concern over Chinese economic growth after the Jan HSBC flash China manufacturing PMI rose +0.1 to 48.4 and shows China's manufacturing activity may have contracted for a third month, (2) the smaller-than-expected increase in Dec existing home sales (+5.0% to 4.61 million versus expectations of +5.2% to 4.65 million), and (3) comments from IMF Managing Director Lagarde who said the world economy is decelerating and faces "significant and urgent challenges."

Today's Market Focus

March 10-year T-notes this morning are down -3.5 ticks. T-note prices on Friday fell to a 2-week low and settled lower on reduced safe-haven demand from the European debt crisis on signs European leaders are making progress resolving the crisis along with technical selling after the 10-year T-note yield climbed above 2.00%: TYH2 -14.0, FVH2 -5.5, EDM2 unchanged. Bearish factors included (1) reduced safe-haven demand for Treasuries on signs European officials are moving closer to resolving the region's debt crisis after a draft of a budget treaty obtained by Bloomberg showed European governments are working toward tougher rules on budget deficits as the budget treaty will require a centralized "correction mechanism" to be triggered automatically in cases of "significant" deviations from a target structural deficit of 0.5% of GDP and (2) technical selling and long liquidation of T-notes after the 10-year yield climbed above 2.00%. Bullish factors included (1) the smaller-than-expected increase in Dec existing home sales (+5.0% to 4.61 million versus expectations of +5.2% to 4.65 million) and (2) comments from IMF Managing Director Lagarde who said the world economy is decelerating and faces "significant and urgent challenges."
The dollar index this morning is weaker and at a 2-1/2 week low with the dollar/yen -0.09 yen and the euro/dollar +0.66 cents. The dollar index on Friday rebounded from a 2-week low and settled higher as the euro weakened on disappointment that talks between Greece and its creditors dragged on for a third day without resolution: Dollar Index +0.007, USDJPY -0.080, EURUSD -0.00389. Bullish factors included (1) a drop in the euro on disappointment that a meeting between Greek officials and private creditors on a debt swap plan failed find a resolution after 3 days of meetings and (2) concern that global growth may slow further after the Jan HSBC flash China manufacturing PMI rose +0.1 to 48.4 and shows China's manufacturing activity contracted for a third month. Bearish factors included (1) reduced demand for dollars after the 3-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, narrowed to 76 bp below the euro interbank offered rate, the lowest in 5-1/4 months and (2) strength in the British pound which rallied to a 2-week high against the dollar after Dec U.K. retail sales increased.
Mar crude oil prices this morning are up +86 cents a barrel and Mar gasoline is +1.27 cents per gallon. Crude oil and gasoline prices Friday settled lower after a preliminary reading of Chinese manufacturing activity contracted for a third month in Jan and as Greek debt talks dragged on for a third day, which fueled concern the European debt crisis may worsen and slow European growth and fuel demand: CLH12 -$2.21, RBH12 -3.25. Bearish factors included (1) the stronger dollar, which undercuts most commodities, (2) the +0.1 increase in the Jan HSBC flash China manufacturing PMI to 48.8, which indicates Chinese manufacturing activity may contract for a third month and reduce energy demand and consumption, (3) concern the European debt crisis may not be resolved anytime soon as a meeting between Greek officials and private creditors on a debt swap plan failed to resolve their differences after a third day of meetings, and (4) comments from IMF Managing Director Lagarde who said the world economy is decelerating and faces "significant and urgent challenges." Bullish factors included (1) the increase in Dec U.S. existing home sales to an 11-month high, which signals economic strength that may lead to increased fuel demand and (2) ongoing tensions between Iran and Western nations that may lead to a disruption in Middle East oil exports after Iran's ambassador to Russia said the deployment of the U.S. Navy in the Persian Gulf is a "provocation."

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): TXN-Texas Instruments (BEST earnings consensus $0.39), VMW-VMware (0.69), HAL-Halliburton (0.99), CSX-CSX Corp. (0.44), KSU-Kansas City Southern (0.79), WDC-Western Digital (0.71), ALB-Albemarle (1.10), ZION-Zions Bancorporation (0.33), PLCM-Polycom (0.29), WWD-Woodward (0.45), CR-Crane (0.90), ELS-Equity Lifestyle Properties (0.15), PKG-Packagng Corp of America (0.37), BOH-Bank of Hawaii (0.82), CATY-Cathay General Bancorp (0.29).
Global Financial Calendar

Monday 1/23/12
United States
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
France
0245 ET	Jan French business confidence indicator expected +1 to 95, Dec -2 to 94.
Canada
0830 ET	Dec Canada leading indicators, Nov +0.8%.
Euro-Zone
0515 ET	ECB Council members Jens Weidmann and Christian Noyer speak in Paris.
1000 ET	Jan Euro-Zone consumer confidence expected -0.3 to -21.4, Dec -0.7 to -21.1.
1100 ET	Euro-Zone finance ministers meet in Brussels.
n/a	Euro-Zone finance ministers meet to discuss how to respond to Standard & Poor?s downgrade of the European Financial Stability Facility.

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

Chubb - CB - Barchart Chart of the Day

Barchart.coms Chart of the Day - Chubb (CB)

Barchart Research Team - Barchart.com - Fri Jan 20, 4:58PM CST

Related Stocks

CB - Chubb Corp.

Sym	Last	Chg	Pct
CB	71.50	+0.53	+0.75%

The "Chart of the Day" is Chubb (CB), which showed up on Friday's Barchart "All Time High" list. Chubb on Friday rallied to a new all-time high of $70.99 and closed up 0.95%. TrendSpotter has been Long since Nov 30 at $67.44. In recent news on the stock, Barron's on Jan 4 ran a favorable article saying that an expected improvement in Chubb's commercial-underwriting business should allow Chubb to continue to outperform its peers. Credit Suisse on Dec 7 initiated research coverage on Chubb with an Outperform and a target of $75. Chubb Corp, with a market cap of $19 billion, is principally engaged in the property and casualty insurance business.

cb_700

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

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