Thursday, February 2, 2012

Chimera Investments - CIM - buy signals

This morning I added Chimera Investments (CIM) to the Barchart Van Meerten new high portfolio for positive price momentum


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 20 new highs and up 21.91% in the last month
  • Relative Strength Index 74.44
  • Barchart computes a technical support level at 3.00
  • Recently traded at 3.06 with a 50 day moving average of 2.73

Barchart Morning Call 2/2

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 down -0.22% and Mar S&Ps down -0.60 of a point. The dollar and Treasuries are higher while most commodities weakened with crude oil at a 1-1/4 month low as Greece struggles to reach an agreement with bondholders on cutting its debt burden. The euro came off of its low after Chinese Premier Wen Jiabao said China is still researching the best way to participate in the European Financial Stability Facility. The euro also received a boost after France sold 7.96 billion euros of 6, 8, and 10-year debt at the top of its planned range while Spain sold 4.56 billion euros of bonds maturing between 2015-17, just above its maximum target of 4.50 billion euros. German bunds rallied after Dec Euro-Zone PPI fell -0.2% m/m, a bigger than decline than expectations of -0.1% m/m, while European stocks were undercut after Jan U.K. PMI construction fell -1.8 to 51.4, weaker than expectations of -0.7 to 52.5.
  • Asian stocks today closed higher with Japan up +0.76%, China +2.36%, Australia +1.00%, South Korea +1.28%, India +0.76%. Asian stocks moved higher as manufacturing gained in the U.S. and Europe, which boosts confidence the global economy is recovering. Asian carmakers rallied after U.S. vehicle sales in Jan rose +11% y/y, while Chinese automakers were boosted after Daiwa securities predicted a "double-digit" gain this year in China's vehicle sales. Chinese stocks also received a lift after Premier Wen Jiabao said the government will support small companies with a 15 billion-yuan ($2.4 billion) fund, extend preferential tax policies for small companies until 2015 and ask banks to increase tolerance for bad loans to these businesses. The yen held near a 3-month high against the dollar despite warnings from Japanese Finance Minster Azumi who said that "speculative moves are increasing in the market and we can't overlook them," which may signal Japan is close to resuming foreign-exchange intervention to stem the yen's gains.
Overnight U.S. Stock News
  • March S&Ps this morning are trading little changed, down -0.60 of a point. The US stock market Wednesday rallied sharply and settled higher after strength in global manufacturing activity reduced economic growth concerns and optimism increased that Greek debt-swap talks would soon be resolved: Dow Jones +0.66%, S&P 500 +0.89%, Nasdaq Composite +1.22%. The Nasdaq posted a 10-3/4 year high. Bullish factors on Wednesday included (1) reduced economic growth concerns as global manufacturing activity expanded last month after the Jan ISM manufacturing index rose +1.0 to 54.1, its best level in 7 months, the Jan German PMI expanded at its fastest pace in 6 months (51.0), the Jan U.K. PMI rose to its best level in 9 months (+2.4 to 52.1), India's Jan manufacturing activity grew at the fastest pace in 8 months (+3.3 to 57.5) and the Jan China PMI unexpectedly expanded (+0.2 to 50.5), (2) a decline in Spanish, Italian and Portuguese government bond yields on optimism that Greek debt-swap talks would soon be resolved, and (3) strength in technology stocks as Microsoft rose 1.2% and Hewlett-Packard gained 2.8%, which boosted the Philadelphia Semiconductor Index to a 6-1/2 month high.
  • Bearish factors included (1) the smaller-than-expected increase in the Jan ADP employment change along with the downward revision to Dec (Jan +170,000 versus expectations of +182,000 and Dec revised down to +292,000 from the originally reported +325,000) and (2) the larger-than-expected increase in the Jan ISM prices paid sub-index which jumped to a 4-month high (+8.0 to 55.5 versus expectations of +2.5 to 50.0).
  • Qualcomm (QCOM) rose 4.8% in pre-market trading up to a 12-year high after the company raised its full-year earnings-per-share forecast to $3.36 to $3.56 from an earlier prediction of $2.80 to $3.00 a share on strength in its phone shipments to India and China.
Today's Market Focus
  • March 10-year T-notes this morning are up +4 ticks. T-note prices on Wednesday retreated on reduced safe-haven demand as stocks rallied after global manufacturing activity expanded and on optimism that the Greek debt-swap talks would soon be resolved: TYH2 -8.5, FVH2 -1.5, EDM2 +2.5. Bearish factors included (1) reduced safe-haven demand for Treasuries after stocks rallied sharply as strength in global manufacturing eased concern the European debt crisis will curb economic growth after the Jan ISM manufacturing index rose +1.0 to 54.1, its best level in 7 months, the Jan German PMI expanded at its fastest pace in 6 months (51.0), the Jan U.K. PMI rose to its best level in 9 months (+2.4 to 52.1), India's Jan manufacturing activity grew at the fastest pace in 8 months (+3.3 to 57.5) and the Jan China PMI unexpectedly expanded (+0.2 to 50.5), (2) the larger-than-expected increase in the Jan ISM prices paid sub-index which jumped to a 4-month high (+8.0 to 55.5 versus expectations of +2.5 to 50.0), and (3) a decline in Spanish, Italian and Portuguese government bond yields on optimism that Greek debt-swap talks would soon be resolved. Bullish factors Wednesday included (1) the smaller-than-expected increase in the Jan ADP employment change along with the downward revision to Dec (Jan +170,000 versus expectations of +182,000 and Dec revised down to +292,000 from the originally reported +325,000) and (2) the action by the Fed to purchase $1.746 billion of Treasuries as part of it Operation Twist program to replace $400 billion of short-term debt in its portfolio with longer-term Treasuries in an effort to keep borrowing costs low.
  • The dollar index this morning is higher with the dollar/yen -0.07 yen and the euro/dollar -0.67 cents. The dollar index on Wednesday fell to a fresh 1-1/2 month low and settled lower on reduced safe-haven demand as strength in global manufacturing activity boosted stocks along with optimism that progress was being made in Greek debt-swap talks: Dollar Index -0.366, USDJPY -0.057, EURUSD +0.00765. Bearish factors Wednesday included (1) strength in the euro after the Jan German PMI was revised up to a 6-month high of 51.0, (2) reduced safe-haven demand for the dollar as stocks rallied on economic optimism after Jan China manufacturing activity unexpectedly expanded and the Jan ISM manufacturing index expanded at its fastest pace in 7 months, (3) strength in the yen which rallied to a 3-month high against the dollar, and (4) optimism that Greek debt-swap talks would be soon resolved after people with knowledge of the debt talks said creditors negotiating with Greece may get a sweetener tied to a revival in economic growth that would ease the impact of accepting a lower interest rate on the new bonds. A bullish factor was speculation that Japan may intervene in currency markets to curb the yen's gains if it strengthens further against the dollar.
  • Mar crude oil prices this morning are down -$1.00 a barrel at a 1-1/4 month low and Mar gasoline is -2.27 cents per gallon. Crude oil and gasoline prices on Wednesday traded on either side of unchanged and finally settled mixed as a weaker dollar and strong global manufacturing activity offset a larger-than-expected increase in weekly DOE supplies and a plunge in U.S. gasoline demand: CLH12 -$0.87, RBH12 +0.13. Bullish factors included (1) the slump in the dollar index to a 1-1/2 month low, which boosts investment demand in commodities, and (2) strength in global manufacturing activity which may boost worldwide energy demand after the Jam ISM manufacturing index expanded at its fastest pace in 7 months, the Jan German PMI climbed to its best level in 6 months, India's Jan manufacturing activity grew at the fastest pace in 8 months and China's PMI unexpectedly expanded last month. Bearish factors included (1) the larger-than-expected increase in weekly DOE crude supplies (+4.18 million bbl to a 3-month high of 338.9 million bbl versus expectations of +2.7 million bbl), (2) the surge in weekly DOE gasoline supplies to their highest level in 11 months (+3.02 million bbl to 230.1 million bbl versus expectations of +500,000 bbl), (3) slack demand after U.S. gasoline demand in the week ended Jan 27 fell -1.6% to 7.97 million barrels a day, the lowest in 10-1/3 years.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MRK-Merck (BEST earnings consensus $0.95), MA-Mastercard (3.91), DOW-Dow Chemical (0.31), GILD-Gilead Sciences (1.05), NOV-National Oilwell Varco (1.30), AGN-Allergan (1.00), VIAB-Viacom (1.05), SE-Spectra Energy (0.49), CMI-Cummins (2.24), K-Kellogg (0.62), BX-Blackstone Group LP (0.40), CME-CME Group (3.67), GR-Goodrich (1.57), CAH-Cardinal Health (0.76), WYNN-Wynn Resorts Ltd. (1.29), IP-International Paper (0.61).
Global Financial Calendar
Thursday 2/2/12
United States
0730 ET Jan Challenger job cuts, Dec +30.6% y/y.
0830 ET Weekly initial unemployment claims expected -6,000 to 371,000, previous +21,000 to 377,000. Weekly continuing claims expected -19,000 to 3.535 million, previous +88,000 to 3.554 million.
0830 ET Q4 non-farm productivity expected +0.8%, Q3 +2.3%. Q4 unit labor costs expected +0.8%, Q3 -2.5%.
0900 ET Chicago Fed President Charles Evans speaks to reporters in Chicago.
1000 ET Fed Chairman Ben Bernanke testifies before the House Budget Committee on the state of the U.S. economy.
1030 ET Jan ICSC chain store sales, Dec +3.5% y/y.
1630 ET Weekly money supply report and Fed balance sheet.
1915 ET Dallas Fed President Richard Fisher speaks on the economy and Fed policy at the Headliners Club of Austin Famous Austinites Dinner.
United Kingdom
0430 ET Jan U.K. PMI construction expected -0.7 to 52.5, Dec +0.9 to 53.2.
Euro-Zone
0500 ET Dec Euro-Zone PPI expected -0.1% m/m and +4.3% y/y, Nov +0.2% m/m and +5.3% y/y.
0600 ET European Parliament votes on resolution on Iran?s nuclear program and votes on a Euro bond resolution.
CHI
2000 ET Jan China non-manufacturing PMI, Dec +6.3 to 56.0.

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

Oceaneering International -- OII - Barchart Chart of the Day

Barchart.com's Chart of the Day - Oceaneering International (OII)
Related Stocks
OII - Oceaneering International
Sym Last Chg Pct
OII 50.39 +1.80 +3.70%
The "Chart of the Day" is Oceaneering International (OII), which showed up on Wednesday's Barchart "All Time High" list. Oceaneering on Wednesday posted a new all-time high of $50.71 and closed up 3.70%. TrendSpotter has been Long since Jan 19 at $48.38. In recent news on the stock, Oceaneering on Dec 20 completed its acquisition of AGR Field Operations for about $230 million in cash. Goldman Sachs on Dec 8 initiated coverage on OII with a Neutral and a target of $57. Jefferies on Nov 29 initiated coverage on OII with a Hold and a target of $48. Oceaneering International, with a market cap of $5.2 billion, is one of the world's largest underwater services contractors.

oii_700_02
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

Tuesday, January 31, 2012

Cisco Systems

COMPLETE ARTICLE AND GRAPHS


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter Buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 7.20% in the last month
  • Relative Strength Index 65.26%
  • Barchart computes a technical support level at 19.57
  • Recently traded at 19.78 with a 50 day moving average of 18.66

Ford - F - buy signals

On Barchart's S&P 500 large cap new high list today:  Ford (F)


Barchart technical indiators:
  • 48% Barchart technical buy signal
  • Trend Spotter  buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and  up 14.87% in the last month
  • Relative Strength Index 59.51%
  • Barchart computes a technical support level at 12.11
  • Recently traded at 12.35 with a 50 day moving average of 11.16

E I Du Pont De Nemours

On Barchart's S&P 500 large cap new high list today:  E I Du Pont De Nemours (DD)


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 10.42% in the last month
  • Relative Strength Index 68.47% 
  • Barchart computes a technical support level at 49.48
  • Recently traded at 50.53 with a 50 day moving average of 46.78

Nucor - NUE - buy signals

On Barchart's S&P 500 large cap new high list today:  Nucor (NUE)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 12.59% in the last month
  • Relative Strength Index 76.64%
  • Barchart computes a technical support level at 43.66
  • Recently traded at 44.63 with a 50 day moving average of 40.41

Barchart Morning Call 1/31

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mostly higher with the Euro Stoxx 50 up +0.80% and Mar S&Ps up +5.40 points. The dollar index fell to a 1-1/2 month low while Treasuries and commodities weakened after EU leaders completed a fiscal-discipline treaty that speeds sanctions on high-deficit countries and requires members to enact laws to limit budget shortfalls. Policy makers also decided to bring the region's permanent bailout fund, the European Stability Mechanism, into operation on July 1, a year before schedule. The euro rose against the dollar after Greek Prime Minister Papademos said he's "strongly committed" to reaching a debt-swap pact with bondholders. Yields on Portuguese bonds fell after Prime Minister Coelho said his country's debt has been judged "perfectly sustainable" by the EU and IMF and that there is no risk of writedown on the bonds. Another positive for stocks was the -34,000 drop in Jan German unemployment, bigger than expectations of a -10,000 decline, while the Jan German unemployment rate unexpectedly dipped -0.1 to 6.7%, the lowest since data for a reunified Germany began in 1991. On the negative side, the Dec Euro-Zone unemployment rate remained unchanged at a 13-3/4 year high of 10.4%, while Dec German retail sales unexpectedly fell -1.4% m/m and -0.9% y/y, weaker than expectations of an increase of +0.8% m/m and +0.9% y/y with the -1.4% m/m drop the biggest monthly decline in 2-1/2 years.
  • Asian stocks today closed mostly higher with Japan up +0.11%, China +0.14%, Australia -0.24%, South Korea +0.66%, India +1.96%. The yen fell back from a 3-month high against the dollar and lifted Japanese export stocks after Japanese Finance Minister Azumi told reporters that "we are ready to act decisively against excessive and speculative currency moves if needed." Japanese stocks finished higher as optimism rose that European leaders will find a resolution to the region's debt crisis and after Dec Japan industrial production jumped +4.0% m/m, bigger than expectations of +3.0% m/m and the biggest monthly increase in 7 months. Chinese stocks closed higher and received a boost from a Securities Times article that said China may announce methods for local pensions to invest in the stock market as soon as the first quarter with as much as 30% of pension assets, or about 580 billion yuan ($91.6 billion) allowed for stock investments.
Overnight U.S. Stock News
  • March S&Ps this morning are trading up +5.40 points. The US stock market on Monday fell back and settled lower on concern the European sovereign-debt crisis may worsen along with concern U.S. economic growth may weaken after consumer spending stalled in Dec: Dow Jones -0.05%, S&P 500 -0.25%, Nasdaq Composite -0.16%. The S&P 500 and the Dow posted 1-1/2 week lows. Bearish factors on Monday included (1) carry-over weakness from a slide in European stocks on concern the region's debt crisis may worsen after Portugal's 10-year bond yield rose to a euro-era record of 17.39% and as Greece debt-swap talks remain unresolved, (2) the unexpected stagnation in Dec U.S. personal spending (unchanged m/m versus expectations of +0.1%), and (3) weakness in energy and raw material producers as a strong dollar fueled a decline in most commodities.
  • Bullish factors included (1) the larger-than-expected increase in Dec personal income which posted its biggest gain in 9 months (+0.5% versus expectations of +0.4%), (2) the fall in the 10-year T-note yield to a 1-1/4 month low of 1.811%, and (3) decent Q4 earnings results thus far as 66% of the 170 companies in the S&P 500 that reported earnings results since Jan 9 have beaten analysts' estimates.
  • Hologic (HOLX) climbed 7.1% in pre-market trading after the company raised its 2012 profit forecast to as much as $1.38 a share, higher than analysts' estimates of $1.36.
Today's Market Focus
  • March 10-year T-notes this morning are down -6.5 ticks. T-note prices on Monday posted a fresh contract high for a second day and settled higher on increased safe-haven demand from the European debt crisis along with concern U.S. economic growth may slow after Dec personal spending unexpectedly stagnated: TYH2 +10.0, FVH2 +2.5, EDM2 unchanged. The 10-year T-note yield fell to a 1-1/4 month low of 1.811%. Bullish factors included (1) the unexpected stagnation in Dec U.S. personal spending (unchanged m/m versus expectations of +0.1%), and (2) increased safe-haven demand for Treasuries on concern the European debt crisis may worsen after Portugal's 10-year bond yield rose to a euro-era record of 17.39% and as Greece debt-swap talks remain unresolved. Bearish factors included (1) the larger-than-expected increase in Dec personal income which posted its biggest gain in 9 months (+0.5% versus expectations of +0.4%) and (2) hawkish comments from Philadelphia Fed President Plosser who said the Fed may have to raise interest rates this year and that last week's post-FOMC statement to keep rates near zero through late 2014 "isn't a firm commitment."
  • The dollar index this morning is weaker and at a fresh 1-1/2 month low with the dollar/yen +0.04 yen and the euro/dollar +0.46 cents. The dollar index on Monday rallied and settled higher as the euro weakened on concern the European sovereign debt crisis may worsen after Portuguese government bond yields soared to a euro-era record and Greece debt-swap talks remain unresolved: Dollar Index +0.265, USDJPY -0.333, EURUSD -0.00752. Bullish factors included (1) increased safe-haven demand for the dollar after Portugal's 10-year bond yield rose to a euro-era record of 17.39% on concern investors will have to take losses on their Portuguese bond holdings in the wake of a Greek debt deal, (2) the unresolved Greek debt-swap talks and the report from Der Spiegel that a second Greek bailout now requires 145 billion euros, 15 billion euros more than was agreed to in Oct, and (3) weak demand for Italian government debt after Italy sold 7.5 billion euros of debt due between 2016 and 2022, less than its maximum target of 8 billion euros. Bearish factors Monday included (1) the weaker-than-expected Dec U.S. personal spending, which bolsters concern that economic growth may slow and is dollar negative and (2) concern the foreign exchange market is too one-sided against the euro, which may fuel short covering after CFTC data showed large traders increased their short positions in the euro to a record for the fifth consecutive week as euro short positions climbed to a record 171,347 as of Jan 24.
  • Mar crude oil prices this morning are up +$1.40 a barrel and Mar gasoline is +1.86 cents per gallon. Crude oil and gasoline prices on Monday fell back and settled lower as the dollar strengthened, stocks fell and concerns grew that Greek debt-swap talks will falter and lead to default, which may weaken the European economy: CLH12 -$0.78, RBH12 -5.07. Bearish factors included (1) strength in the dollar, which discourages investment demand in commodities, (2) the slump in the S&P 500 to a 1-week low, which reduces confidence in the economic outlook and energy demand, (3) concern that Greek bailout negotiations will falter and lead to a Greek default, which may slow European economic growth and fuel demand, (4) the weaker-than-expected Dec U.S. personal spending, which bolsters concern that economic growth and fuel demand will slow, and (5) comments from OPEC Secretary General Abdalla El-Badri who said global oil markets are "very well supplied." Bullish factors included (1) comments from the United Steelworkers Union that strikes at U.S. oil refineries may be imminent as negotiations near a Feb 1 deadline, which would reduce U.S. gasoline supplies and (2) the report from the Fars news agency that said Iran's parliament drafted legislation calling for the government to halt oil exports to Europe until the EU cancels its planned ban on Iranian crude.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): XOM-Exxon Mobil (BEST earnings consensus $1.98), PFE-Pfizer (0.47), AMZN-Amazon.com (0.47), UPS-United Parcel Service (1.26), BIDU-Baidu (0.89), LLY-Eli Lilly (0.81), DHR-Danaher (0.78), BIIB-Biogen Idec (1.49), ITW-Illinois Tool Works (0.88), ACE-ACE Ltd. (1.78), AFL-Aflac (1.51), TYC-Tyco International Ltd. (0.79), ADM-Archer-Daniels-Midland (0.76), BRCM-Broadcom (0.65), VLO-Valero Energy (-0.11), MAT-Mattel (1.00).
Global Financial Calendar
Tuesday 1/31/12
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET Q4 employment cost index expected +0.4%, Q3 +0.3%.
0855 ET Redbook weekly retailer sales.
0900 ET Nov S&P/CaseShiller composite-20 home price index expected -0.4% m/m and -3.3% y/y, Oct -0.6% m/m and 3.4% y/y.
0945 ET Jan Chicago purchasing managers index expected +0.5 to 63.0, Dec -0.1 to 62.5.
1000 ET Jan U.S. consumer confidence (Conference Board) expected +3.5 to 68.0, Dec +9.3 to 64.5.
1130 ET Weekly 4-week T-bill auction.
Japan
0000 ET Dec Japan construction orders, Nov +21.0% y/y.
0000 ET Dec Japan housing starts expected -1.5% y/y, Nov -0.3% y/y.
2030 ET Dec Japan labor cash earnings expected -0.4% y/y, Nov -0.2% y/y.
Germany
0200 ET Dec German retail sales expected +0.8% m/m and +0.9% y/y, Nov -1.0% m/m and +0.8% y/y.
0355 ET Jan German unemployment change expected -10,000, Dec -22,000. Jan unemployment rate expected unchanged at 6.8%, Dec -0.1 to 6.8%.
France
0245 ET Dec French producer prices expected -0.1% m/m and +4.7% y/y, Nov +0.4% m/m and +5.6% y/y.
0245 ET Dec French consumer spending expected +0.2% m/m and -2.1% y/y, Nov -0.1% m/m and -2.1% y/y.
United Kingdom
0430 ET Dec U.K. net consumer credit expected +0.4 billion pounds, Nov +0.4 billion pounds.
0430 ET Dec U.K. mortgage approvals expected +54,000, Nov +52,900.
0430 ET Dec U.K. M4 money supply, Nov -0.6% m/m and -2.6% y/y.
Euro-Zone
0500 ET Dec Euro-Zone unemployment rate expected +0.1 to 10.4%, Nov unchanged at 10.3%.
Canada
0830 ET Dec Canada industrial product prices, Nov +0.2% m/m. Dec raw materials price index, Nov +3.8% m/m.
0830 ET Nov Canada GDP expected +0.2% m/m, Oct unchanged m/m and +2.7% y/y.
CHI
2000 ET Jan China PMI manufacturing expected -0.7 to 49.6, Dec +1.3 to 50.3.

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

Yum Brands - Barchart Chart of the Day

Barchart.coms Chart of the Day - Yum Brands (YUM)
Related Stocks
YUM - Yum! Brands
Sym Last Chg Pct
YUM 63.25 -0.43 -0.68%
The "Chart of the Day" is Yum! Brands (YUM), which showed up on Monday's Barchart "All Time High" list. Yum Brands on Monday posted a new all-time high of $63.83 and closed up 1.32%. TrendSpotter has been Long since Oct 27 at $54.39. In recent news on the stock, Barron's on Jan 29 ran a favorable article on Yum Brands focused on the company's bright future in the emerging markets. Yum is earning about 45% of its $12.5B in revenue from China last year and 42% of its operating profit. KFC is now the largest fast-food chain in China. Yum Brands, with a market cap of $28 billion, is the one of the world's largest restaurant companies, with restaurants around the world and restaurant chains including KFC, Pizza Hut and Taco Bell.

yum_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: 100% Buy
  • Overall Average 96% 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

Monday, January 30, 2012

Varian Medical Systems - VAR

Today I deleted Varian Medical Systems (VAR) from the Barchart Van Meerten Speculative portfolio for negative price momentum.


Barchart technical indicators:
  • 60% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20 day moving average
  • 9.40% Off its 1 year high
  • Relative Strength Index 40.75%

American Electic Technologies - AETI - deleted

Today I deleted American Electric Technologies (AETI) from the Barchart Van Meerten Speculative portfolio for negative price momentum


Barchart technical indicators:
  • 40% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20 day moving average
  • 16.35% off its 1 year high
Relative Strength Index 38.33%

RTI Biologics - RTIX - deleted

Today I deleted RTI Biologics (RTIX) from 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 averages
  • 18.58% of its 1 year high
  • Relative Strength Index  39.36%

Soufun Holdings - SFUN - New highs

On Barchart's new high list today:  Sofun Holdings (SFUN)


Barchart technical indicators:
  • 56% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 an d100 day moving average
  • 14 new highs and up 29.95% in the last month
  • Relative Strength Index 65.43%
  • Barchart computes a technical support level at 18.19
  • Recently traded at 18.82 with a 50 day moving average of 15.13

China Shenghuo Pharmaceuticals - KUN - new highs

On Barchart's new high list today:  China Shenghuo Pharmaceuticals (KUN)


Barchart technical indicators:
  • 72% Barchart technical buy signal
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 115.63% in the last month
  • Relative Strength Index 76.97%
  • Barchart computes a technical support level at .64
  • Recently traded at .69 with a 50 day moving average of .43

Rodman and Renshaw Capital - RODM - new highs

On Barchart's new high list today: Rodman & Crenshaw Capital (RODM)


Barchart technical indicators:
  • 56% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20 and 50 day moving average
  • 17 new highs and up 60.87% in the last month
  • Relative Strength Index 72.66%
  • Barchart computes a technical support level at .67
  • Recently traded at .74 with a 50 day moving average of .51

Cosan Ltd - CZZ - New HIghs

On Barchart's new high list today: Cosan Ltd (CZZ)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 18 new highs and up 19.35% in the last month
  • Relative Strength Index 78.16%
  • Barchart computes a technical support level at 12.57
  • Recently traded at 13.20 with a 50 day moving average of 11.69

Tata Motors - TTM - new highs

On Barchart's new highs lists today: Tata Motors (TTM)



Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 18 new highs and up 41.47% in the last month
  • Relative Strength Index 84.27%
  • Barchart computes a technical support level at 23.53
  • Recently traded at 23.88 with a 50 day moving average of 18.34

Barchart Morning Call 1/30

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are weaker with the Euro Stoxx 50 down -0.48% and Mar S&Ps down -6.90 points. The dollar and Treasuries gained as stocks and commodities fell on heightened European sovereign-debt concerns. The euro fell against the dollar after Greece signaled opposition to economic oversight in exchange for aid when Greek Finance Minister Venizelos rejected a report from the Financial Times that Germany proposed a plan to appoint a commissioner to directly intervene in Greek budget decisions as a condition of a 130 billion bailout, citing "national dignity." The euro also weakened after Italy sold 7.5 billion euros of debt due in 2016, 2017, 2021 and 2022 today, below the maximum target of 8 billion euros, while Portugal's 10-year bond yield rose to a euro-era record of 16.09%, which helped push credit-default swaps to insure Portuguese government debt to a record on concern investors will have to take losses on their Portuguese bond holdings in the wake of a Greek debt deal. Jan Euro-Zone economic confidence improved less than expected when it rose +0.6 to 93.4, weaker than expectations of an increase to 93.8. French bank stocks plunged after French President Sarkozy said the country will unilaterally impose a 0.1% tax on financial transactions starting in Aug.
  • Asian stocks today closed lower with Japan down -0.54%, China -1.73%, Australia -0.36%, South Korea -1.33%, India -2.15%. Asian stocks fell after Q4 U.S. GDP rose less than expected and Japanese stocks weakened further after the yen rose to a 1-1/2 week high against the dollar, which dims the earnings outlook for exporters. Japanese shipping companies declined after the Nikkei newspaper reported that Japan's three largest shippers may post pretax losses for the year ending March amid plunging cargo rates. Chinese stocks closed lower the first day back from the week-long Lunar holiday after the government refrained from additional easing measures and after the Xinhua News Agency reported that Yin Chengji, spokesman at the Ministry of Human Resources, said China has no plans to invest local pensions in the market "temporarily."
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -6.90 points. The US stock market on Friday settled mostly lower after the U.S. economy grew less than expected in Q4 and after New York Fed President Dudley said he sees "significant impediments" to the economic recovery this year: Dow Jones -0.58%, S&P 500 -0.16%, Nasdaq Composite +0.40%. Bearish factors on Friday included (1) the weaker-than-expected Q4 U.S. GDP (+2.8% annualized versus expectations of +3.0% annualized) as Q4 personal consumption grew +2.0%, weaker than expectations of +2.4%, (2) comments from New York Fed President Dudley who said the U.S. economy was likely to slow this year as "more contractionary" fiscal policies and the "depressed housing market" were likely to impede economic expansion with the main risk to growth being "uncertainty as to how events in Europe will unfold," and (3) concern the European debt crisis may worsen after credit-default swaps to insure Portuguese government debt rose to a record.
  • Bullish factors included (1) the unexpected increase in Jan U.S. University of Michigan consumer confidence to an 11-month high (+1.0 to 75.0 versus expectations of unchanged at 74.0), (2) optimism that a debt-swap agreement between Greece and its private creditors would be resolved after EU Economic and Monetary Affairs Commissioner Rehn said Greek authorities are "very close" to reaching an agreement with its creditors, and (3) decent Q4 earnings results thus far as 66% of the 169 companies in the S&P 500 that reported earnings results since Jan 9 have beaten analysts' estimates.
Today's Market Focus
  • March 10-year T-notes this morning are up +10.5 ticks. T-note prices on Friday climbed to a contract high and settled higher after weaker-than-expected Q4 U.S growth added to speculation the Fed will expand asset purchases to spur economic growth: TYH2 +9.0, FVH2 +1.5, EDM2 -0.5. Bullish factors included (1) the weaker-than-expected Q4 U.S. GDP (+2.8% annualized versus expectations of +3.0% annualized), (2) comments from New York Fed President Dudley who said the U.S. economy was likely to slow this year as "more contractionary" fiscal policies and the "depressed housing market" were likely to impede economic expansion with the main risk to growth being "uncertainty as to how events in Europe will unfold," and (3) increased safe-haven demand for Treasuries on concern the European debt crisis may worsen after credit-default swaps to insure Portuguese government debt rose to a record. Bearish factors included (1) the unexpected increase in Jan U.S. University of Michigan consumer confidence to an 11-month high (+1.0 to 75.0 versus expectations of unchanged at 74.0) and (2) hawkish comments from Richmond Fed President Lacker who said he "does not believe economic conditions are likely to warrant an exceptionally low federal funds rate before late 2014" and that interest rates may need to rise before then to prevent an increase in inflation.
  • The dollar index this morning is higher with the dollar/yen -0.03 yen and the euro/dollar -1.01 cents. The dollar index on Friday dropped to a 1-1/2 month low and settled lower for a third day after Q4 U.S. GDP expanded at a slower pace than expected and after the euro rose to a 1-1/2 month high against the dollar on speculation Greece was close to reaching agreement with its creditors: Dollar Index -0.493, USDJPY -0.779, EURUSD +0.01094. Bearish factors included (1) the weaker-than-expected Q4 U.S. GDP, (2) comments from EU Economic and Monetary Affairs Commissioner Rehn who said Greek authorities are "very close" to reaching an agreement with its creditors, and (3) a fall in Italian borrowing costs, which is euro supportive, 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. Bullish factors Friday included (1) contagion fears from the European debt crisis after credit-default swaps to insure Portuguese government debt rose to a record amid concern Portugal's government may seek to copy a proposed Greek debt deal for private investors to take losses on their bond holdings and (2) the unexpected surge in Jan U.S. University of Michigan consumer confidence to an 11-month high, which is dollar supportive.
  • Mar crude oil prices this morning are down -37 cents a barrel and Mar gasoline is -2.74 cents per gallon. Crude oil and gasoline prices on Friday settled mixed after slower-than-expected Q4 U.S. economic growth undercut crude while supply concerns lifted gasoline prices to a 4-3/4 month high: CLH12 -$0.14, RBH12 +7.26. Bullish factors included (1) the decline in the dollar index to a 1-1/2 month low, which boosts investment demand in commodities, (2) the unexpected increase in the final Jan U.S. University of Michigan consumer confidence to an 11-month high, which bolsters the outlook for the U.S. economy and energy demand, and (3) gasoline supply concerns after a 340,000 barrel-a-day Royal Dutch Shell refinery in Texas was shut because of a "temporary upset" and a 380,900 barrel-a-day Conoco Phillips refinery in Illinois was shut for repairs, which adds to 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 smaller-than-expected increase in Q4 U.S. GDP, which indicates reduced energy demand and (2) concerns the European debt crisis may worsen and crimp economic growth and fuel demand after credit-default swaps to insure Portuguese government debt rose to a record.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MCK-McKesson (BEST earnings consensus $1.38), PCL-Plum Creek Timber (0.39), SLG-SL Green Realty (0.03), HOLX-Hologic (0.32), RGA-Reinsurance Group of America (1.84), GCI-Gannwtt (0.69), TNB-Thomas & Betts (0.90), TGI-Triumph Group (1.12), GGG-Graco (0.51), SOA-Solutia (0.52), RCII-Rent-A-Center (0.82), WEN-Wendy's (0.04), ALGN-Align Technology (0.22), CFFN-Capitol Federal Financial (0.10), WWW-Wolverine World Wide (0.45).
Global Financial Calendar
Monday 1/30/12
United States
0830 ET Dec personal spending expected +0.1%, Nov +0.1%. Dec personal income expected +0.4%, Nov +0.1%. Dec PCE deflator expected +2.3% y/y, Nov +2.5% y/y. Dec PCE core deflator expected +0.1% m/m and +1.7% y/y, Nov +0.1% m/m and +1.7% y/y.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
Euro-Zone
0500 ET Jan Euro-Zone business climate indicator expected +0.06 to -0.25, Dec +0.11 to -0.31.
0500 ET Jan Euro-Zone economic confidence expected +0.5 to 93.8, Dec -0.5 to 93.3.
0500 ET Revised Jan Euro-Zone consumer confidence, expected no change at -20.6.
0900 ET EU leaders hold a summit meeting in Brussels.
1200 ET ECB Council member Ewald Nowotny speaks about European monetary policy at an event in Berlin.
Germany
n/a Jan German CPI (EU harmonized) expected -0.4% m/m and +2.4% y/y.
Japan
1815 ET Jan Japan Markit/JMMA manufacturing PMI, Dec +1.1 to 50.2.
1830 ET Dec Japan overall household spending expected -0.1% y/y, Nov -3.2% y/y.
1830 ET Dec Japan jobless rate expected unchanged at 4.5%, Nov unchanged at 4.5%. Dec job-to-applicant ratio expected 0.70, Nov 0.69.
1850 ET Dec Japan industrial production expected +2.9% m/m and -5.0% y/y, Nov -2.7% m/m and -4.2% y/y.
2300 ET Dec Japan vehicle production, Nov +4.5% y/y.
United Kingdom
1901 ET Jan U.K. GfK consumer confidence survey expected +1 to -32, Dec -2 to -33.

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

Old Dominion Freight Line - ODFL - Barchart Chart of the Day

Barchart.coms Chart of the Day - Old Dominion Freight Line (ODFL)
Related Stocks
ODFL - Old Dominion Freight Line
Sym Last Chg Pct
ODFL 42.08 +0.07 +0.17%
The "Chart of the Day" is Old Dominion Freight Line (ODFL), which showed up on Friday's Barchart "All Time High" list. Old Dominion on Friday posted an all-time high of $42.15 and closed up 0.17%. TrendSpotter has been Long since Jan 19 at $41.28. In recent news on the stock, FTR's Truck Loading Index in December was up +5.3% y/y. SunTrust Robinson on Jan 7 initiated coverage on Old Dominion with a Neutral. Old Dominion Freight Line, with a market cap of $2.4 billion, is a motor carrier transporting primarily less-than-truckload shipments of general commodities, including consumer goods, textiles and capital goods to a diversified customer base.

odfl_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: 100% Buy
  • Overall Average 96% 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