Depomed - DEPO - Sell signals

This weekend I put in a sell order of Depomed (DEPO) in the Barchart Van Meerten Speculative portfolio for negative price momentum:

Barchart technical indicators:

• 30% Barchart sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 11.92% loss this month
• 17.34% off its 1 year high
• Relative Strength Index 36.97%

Orbitz WorldWide -OWW- Barchart Chart of the Day

Summary:
Orbitz WorldWide (OWW) is the Chart of the Day. Since signaling a Trend Spotter buy on 1/28 the stock is up 68.33%.  In the last month the stock advanced 16 times for a gain of 83.03%.


Article:

Orbitz WorldWide (OWW) is the Barchart chart of the day.  Each day I sort the Barchart New High list for frequency and then use the flipchart function to look at the charts.  Orbitz was right near the top of the list with 16 new highs and a gain of 83.03% in just the last month.

The Company operates as an online travel company that enables leisure and business travelers to research, plan, and book a range of travel products. It provides a set of travel products, including air, hotels, vacation packages, car rentals, cruises, travel insurance, and destination services, such as ground transportation, event tickets, and tours worldwide.

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.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 83.03% in the last month
• Relative Strength Index 82.60%
• Barchart computes a technical support level at 4.67
• Recently traded at 5.05 with a 50 day moving average of 3.26

Fundamental factors:

• Market Cap $530.50 million
• P/E 25.26
• Revenue projected to be up 4.40% this year and another 3.30% next year
• Earning estimated to increase by 44.40% this year, an additional 30.80% next year and increase annually by 10.00% for the next 5 years
• Analysts issued 1 strong buy, 5 hold and a strong sell recommendation
• Financial Strength C+

5 NASDAQ 100 Stars

The NASDAQ 100 seems to be on fire with few exceptions.  Today's picks comes from using Barchart to sort the NASDAQ 100 index to find 5 stocks with perfect Barchart technical indicator scores. Today there are 13 of them but at the top of the list were Automatic Data Processing (ADP) , Celgene (CELG), Cerner (CERN), Cisco Systems (CSCO) and Micron Technology (MU):

Automatic Data Processing (ADP)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 3.96% in the last month
• Relative Strength Index 68.17%
• Barchart computes a technical support level at 61.80
• Recently traded at 63.39 with a 50 day moving average of 60.08

Celgene (CELG)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 10.22% in the last month
• Relative Strength Index 76.15%
• Barchart computes a technical support level at 108.45
• Recently traded at 110.27 with a 50 day moving average of 97.02

Cerner (CERN)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 4.35% in the last month
• Relative Strength Index 66.90%
• Barchart computes a technical support level at 90.34
• Recently traded at 91.99 with a 50 day moving average of 84.38

Cisco Systems (CSCO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 3.10% in the last month
• Relative Strength Index 66.03%
• Barchart computes a technical support level at 21.53
• Recently traded at 21.87 with a 50 day moving average of 20.80

Micron Technology (MU)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 15.49% in the last month
• Relative Strength Index 71.07%
• Barchart computes a technical support level at 8.63
• Recently traded at 8.99 with a 50 day moving average of 7.71

Barchart Morning Call 3/8

Barchart Morning Call - 3/8

Friday, March 8th, 2013View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESH13 +0.28%) are up +0.37% this morning on a +1.03% rally in European stocks and mostly higher stocks in Asia. The markets are encouraged by today's continued drop in Spanish and Italian bond yields and by a +22% increase in Chinese Feb exports and upward revision in Japan's Q4 GDP to +0.2% q/q annualized from -0.4%, although Germany's Jan industrial production was weaker than expected at unchanged. Commodity prices this morning are mildly higher by 0.13%. April crude oil (CLJ13 -0.49%) is down -0.21%, April gasoline (RBJ13 +0.77%) is up +0.49%, April gold (GCJ13 -0.01%) is up +0.15%, May copper (HGK13 -0.27%) is down -0.40%, and agriculture prices are trading mostly higher. The dollar index (DXY00 +0.22%) is mildly higher by +0.11%. EUR/USD (^EURUSD) is little changed and USD/JPY (^USDJPY) is sharply higher by +0.94% as Japan's Jan trade balance showed a large deficit of -1.5 trillion yen. June 10-year T-notes (ZNM13 -0.14%) are down 5.5 ticks.
China's Feb exports rose sharply by +21.8% y/y, which was down from +25.8% in Jan but was much stronger than market expectations of +8.1%. Meanwhile, Feb imports fell by -15.2% y/y, weaker than market expectations of -8.5% y/y. The Feb trade balance showed a surplus of $15.25 billion, down from the $29.15 billion surplus in Jan but better than market expectations for a deficit of -$6.9 billion.
The Spanish 10-year bond yield today fell by another 7 bp to a new 2-1/3 year low of 4.83% as market concern about Spain continues to ease. The Italian 10-year bond yield fell by 3 bp to 4.56%.
German Jan industrial production was unchanged m/m and -1.3% y/y, which was weaker than market expectations of +0.4% m/m and -1.2% y/y. The report provided further evidence to show how the German economy is stagnating due to the Eurozone recession.
Japan's Feb Eco Watchers outlook index rose to 57.7 from 56.5 in Jan, while the Feb current index rose to 53.2 from 49.5.
Japan's Jan adjusted current account balance rose to 365 billion yen from a revised 115 billion yen in Dec. Japan's Jan trade balance showed a big deficit of -1.479 trillion yen, which was a bit narrower than market expectations of -1.5 trillion yen.
Japan's Q4 GDP was revised upward to +0.2% q/q annualized from the preliminary report of -0.4%.
North Korea today scrapped the 1953 armistice that called a truce in the Korean war and canceled the hotline with South Korea after the UN approved new sanctions. South Korea this week warned North Korea that any military provocation may be met not only with retaliation on the site of the attack but also possibly on command leadership facilities.

U.S. STOCK PREVIEW

Today’s Feb payroll report is expected to show an increase of +160,000, which would be just slightly below the 6-month trend increase of +177,000, but slightly above January’s increase of +157,000. Today’s Feb unemployment rate is expected to be unchanged from January’s 7.9% level. That would be 0.1 point above the 4-year low of 7.8% posted several times in late 2012.
There are three of the Russell 1000 companies that report earnings today: Foot Locker (consensus $0.73), Carnival (0.03), and Tahoe Resources (-0.15).

June E-mini S&Ps (ESH13 +0.28%) are up 5.75 points (+0.37%) on expectations for a solid payroll report this morning and on a sharp 1.03% rally in European stocks. The S&P 500 index on Thursday closed higher with the Dow at a record high and the S&P 500 at a 5-1/3 year high. Bullish factors included (1) the unexpected drop in weekly initial unemployment claims to a 6-week low, and (2) carry-over support from a rally in European stocks after S&P upgraded Portugal’s credit rating and ECB President Draghi said the Eurozone economy will stabilize this year. Closes: S&P 500 +0.18%, Dow Jones +0.23%, Nasdaq +0.25%.

OVERNIGHT U.S. STOCK MOVERS

• Foot Locker (FL +0.40%) reported Q4 adjusted EPS of 73 cents, right in line with the consensus of 73 cents.
• Fuel Systems (FSYS +3.63%) reported Q4 adjusted EPS of 1 cents, better than the consensus for a 3-cent loss.
• Continental Grain sent a letter to the Smithfield Foods (SFD +10.67%) board requesting that the board hire an investment bank to consider its strategic options, such as splitting the company into three independent companies.
• Carl Icahn raised his stake in Herbalife (HLF unch) to 15.55% from 13.6%.
• H&R Block (HRB -1.11%) reported an adjusted Q3 EPS loss of -22 cents, worse than consensus of -1 cent, saying total Q3 revenues fell -29% due to "timing issues" from the IRS opening its e-file system on January 30, which resulted in delays to the start of the U.S. tax season.
• WuXi PharmaTech (WX +0.46%) reported Q4 EPS of 38 cents, better than consensus of 30 cents.
• Medifast (MED +0.58%) reported Q4 adjusted EPS of 28 cents, better than consensus of 25 cents, but lowered its guidance on Q1 EPS to 32 cents to 35 cents, below consensus of 45 cents.
• Cooper Companies (COO -0.81%) reported Q1 EPS of $1.23, better than consensus of $1.19.
• Quiksilver (ZQK +0.96%) reported a Q1 EPS loss of -16 cents, worse than consensus of -7 cents.
• PowerSecure (POWR +5.30%) reported Q4 EPS of 13 cents, better than consensus of 11 cents.
• TiVo (TIVO +0.96%) was initiated with an "Overweight" at Piper Jaffray with a share price target of $16.
• Covanta (CVA -1.22%) announced that the Board of Directors has authorized a 10% increase of the company's quarterly cash dividend to 16.5 cents from 15 cents per share. The Board of Directors also increased the current share repurchase authorization to $150 million.
• Emergent BioSolutions (EBS +0.07%) reported Q4 EPS of 44 cents, slightly weaker than consensus of 45 cents.
• Finisar (FNSR +5.53%) reported Q3 adjusted EPS of 17 cents, slightly better than consensus of 16 cents.

MARKET COMMENTS

June 10-year T-notes (ZNM13 -0.14%) are down 5.5 ticks on reduced safe-haven demand with the rally in U.S. and European stock indexes. June 10-year T-note prices on Thursday slid to a 1-1/2 week low on the decline in unemployment claims and on reduced safe-haven demand with the Dow at a new record high and with Standard & Poor’s upgrading Portugal’s credit rating to stable from negative. Closes: TYM3 -15.5, FVM3 -7.75.
The dollar index (DXY00 +0.22%) is up +0.09 points (+0.11%). EUR/USD (^EURUSD) is virtually unchanged. USD/JPY (^USDJPY) is sharply higher by +0.89 yen (+0.94%) on today's Japanese trade deficit news. The dollar index on Thursday closed lower on reduced safe-haven demand as stocks rallied. EUR/USD strengthened after Standard & Poor’s upgraded Portugal’s credit rating outlook to stable from negative and after ECB President Draghi said the Eurozone economy will stabilize this year. USD/JPY posted a 3-1/2 year high on speculation the BOJ will expand its yen-negative monetary stimulus measures: Dollar index -0.378 (-0.46%), EUR/USD +0.0140 (+1.08%), USD/JPY +0.758 (+0.80%).
April WTI crude oil (CLJ13 -0.49%) is down -0.19 (-0.21%) and April gasoline (RBJ13 +0.77%) is up +0.0154 (+0.49%). Crude oil and gasoline prices on Thursday closed mixed as crude oil gained on economic optimism after the Dow rallied to another record high. However, gasoline weakened on signs of adequate supplies after the DOE on Wednesday reported that U.S. gasoline inventories in the important PADD1 district that includes NY Harbor (where Nymex gasoline is priced) rose by +651,000 bbl. Closes: CLJ3 +1.13 (+1.25%), RBJ3 -0.0014 (-0.04%).

GLOBAL EVENT CALENDAR03/08/2013

US	0830 ET	Feb non-farm payrolls expected +160,000, Jan +157,000. Feb private payrolls expected +167,000, Jan +166,000. Feb manufacturing payrolls expected +10,000, Jan +4,000. Feb unemployment rate expected unchanged at 7.9%, Jan +0.1 to 7.9%.
	0830 ET	U.S. Feb average hourly earnings expected +0.2% m/m and +2.1% y/y, Jan +0.2% m/m and +2.1% y/y. Feb average weekly hours all-employees expected unchanged at 34.4 hours, Jan 34.4 hours.
	1000 ET	Jan wholesale inventories expected +0.3% m/m, Dec -0.1% m/m.
JPN	0000 ET	Jan Feb Eco watchers survey outlook, Jan 56.5. Feb Eco watchers survey current, Jan 49.5.
GER	0600 ET	German Jan industrial production expected +0.4% m/m and -1.2% y/y, Dec +0.3% m/m and -1.1% y/y.
CHI	2030 ET	China Feb CPI expected +3.0% y/y, Jan +2.0% y/y. Feb PPI expected -1.5% y/y, Jan -1.6% y/y.

U.S. STOCK CALENDAR03/08/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Foot Locker Inc	FL US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.726
Foot Locker Inc	FL US	9:00	Q4 2013 Earnings Call	Q4 2013
Analog Devices Inc	ADI US		ITC Scheduled to Release Findings for Dover Corp vs Analog Devices
Carnival Corp	CCL US		Q1 2013 Earnings Release	Q1 2013	0.032
Walt Disney Co/The	DIS US		Box Office Release of Movie Oz the Great and Powerful""
Dover Corp	DOV US		ITC Scheduled to Release Findings for Dover Corp vs Analog Devices
Hawaiian Electric Industries Inc	HE US		Financial Community Meeting - Day 3	Y 2013
Hill-Rom Holdings Inc	HRC US		Annual General Meeting
McDonald's Corp	MCD US		February 2013 Sales and Revenue Release	2013
Thor Industries Inc	THO US		Q2 2013 Earnings Release	Q2 2013	0.38
Tahoe Resources Inc	THO CN		Q4 2012 Earnings Release	Q4 2012	-0.147

Carriage Services - CSV - Barchart's Chart of the Day

Summary:

If nothing is certain but death and taxes then Carriage Services (CSV) deserves to be our Chart of the Day with 14 new highs and a price increase of 32.24% in just the past 20 trading sessions.

Article:

Carriage Services (CSV) was chosen as today's Chart of the Day for being right at the top of  Barchart's New High list when sorted for frequency.  In the last 20 trading sessions the stock has advanced 14 times for a gain of 32.24%.  Since triggering a Trend Spotter buy signal on 12/31 the stock is up 63.44%.

If nothing is sure but death and taxes then CSV deserves a look as a  provider of  a complete range of services relating to funerals, burials and cremations, including the use of funeral homes and motor vehicles, the performance of cemetery interment services and the management and maintenance of cemetery grounds.

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.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 32.24% in the last month
• Relative Strength Index 82.64%
• Barchart computes a technical support level at 18.77
• Recently traded at 19.40 with a 50 day moving average of 14.55

Fundamental factors:

• Market Cap  $351.33 million
• P/E 22.78
• Dividend yield .53%
• Revenue projected to increase 10.10% this year and another 5.10% next year
• Earnings estimated to increase 3450% this year, another 12.40% next year and continue to increase at an annual rate of 28.77% for the next 5 years
• Analysts issued 2 strong buy and a buy recommendation
• Financial Strength B

Exit Strategy:  Consider selling if you lose 10% or the stock trades below its 50 day moving average.

5 Small Cap Gems

Today's Small Cap Picks come from using Barchart to sort the S & P 600 Small Cap index to find the 5 with the best Barchrat technical indicators and charts.  Today's list includes Ixia (XXIA), Watts Water Technologies (WTS), Virtus Investment Properties (VRTS), Universal Electronics (UEIC) and Urstadt Biddle Properties (UBA):

Ixia (XXIA)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 12.32% in the last month
• Relative Strength Index 70.61%
• Barchart computes a technical support level at 22.24
• Recently traded at 22.24 with a 50 day moving average of 19.28

Watts Water Technologies (WTS)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 6.98% in the last month
• Relative strength Index 67.15%
• Barchart computes a technical support level at 47.23
• Recently traded at 48.86 with a 50 day moving average of 45.13

Virtus Investment Partners (VRTS)

Barchrat technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 12.47% in the last month
• Relative Strength Index 74.147%
• Barchart computes a technical support level at 173.75
• Recently traded at 176.00 with a 50 day moving average of 147.29

Universal Electronics (UEIC)

Brahcrat technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 10.63% in the last month
• Relative Strength Index 66.66%
• Barchart computes a technical support level at 20.44
• Recently traded at 20.91 with a 50 day moving average of 19.06

Urstadt Biddle Properties (UBA)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 6.47% in the last month
• Relative strength Index 68.15%
• Barchar computes a technical support level at 21.21
• Recently traded at 21.72 with a 50 day moving average of 20.24

Energy Transfer Equity LP - ETE - Barchart's Chart of the Day

Summary:

Energy Transfer Equity LP (ETE) had a Trend Spotter buy signal on 1/7 and is now up 17.40% plus pays a 4.57% dividend yield.  You can have your cake and eat it too.


Article:

Today's Chart of the Day is Energy Transfer Equity LP (ETE) and was up at the top of the Barchart New High list when sorted for frequency.  Since it triggered a Trend Spotter buy signal on 1/7 the stock is up 17.40% plus even at that still pays a 4.57% dividend.  High dividend stocks have all recently had great capital appreciation and ETE has been carried with the tide.

The natural gas pipeline MLP owns 8,300 miles of natural gas pipelines and 3 storage facilities in the US and also manages 723 additional miles of pipelines in Texas for others.

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.

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 15 new highs and up 14.31% in the last month
• Relative Strength Index 80.16%
• Barchart computes a technical support level at 55.17
• Recently traded at 56.40 with a 50 day moving average of 49.56

Fundamental factors:

• Market Cap $15.79 Billion
• P/E 31.06
• Dividend yield 4.57%
• Analysts released 2 strong buy, 4 buy and 2 hold recommendations
• They project earning to grow by 18.50% annually for the next 5 years
• Financial Strength B++

Exit strategy:  This is an income stock so watch both the capital appreciation and income.  Consider selling when the annual total return gets below 10%.

Symantec - SYMC

Symantec is out performing all the big software giants

http://www.thestreet.com/story/11861711/1/symantec-outperforming-the-big-guys.html

Hormel Foods (HRL) Barchart's Chart of the Day

Summary:

Hormel Foods (HRL) is Barchart's Chart of the Day.  The stock hit 16 new highs in the last month and is up 7.85%.  Not only do they produce SPAM but now they also own Skippy Peanut Better.

Article:

The Chart of the Day is Hormel Foods (HRL).  The stock was found near the top of the Barchart New High list when sorted for frequency. The price advanced 16 times and is up 7.85% in just the last month alone.  Analysts expect sales and earning to keep increasing and the Company's finances are solid.

They are a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods. If you've been to college then you probably had SPAM, Dinty Moore or Skippy in your closet at school.

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.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 7.85% in the last month
• Relative Strength Index 77.02%
• Barchart computes a technical support level at 37.23
• Recently traded at 77.02 with a 50 day moving average of 38.20

Fundamental factors:

• Market Cap $10.07 billion
• P/E 20.15
• Dividend yield 1.81%
• Analysts issued 1 strong buy, 1 buy, 6 hold and a strong sell recommendation
• Revenue projected to increase by 6.70% this year and 5.70% next year
• Earnings estimated to increase by 7.00% this year, 12.60% next year and continue to increase annually at the rate of 11.00% for the next 5 years
• Financial Strength A

Exit strategy:  Consider selling if you lose 10% or the stock drops below its 50 day moving average.

Disclosure:  I do not own Hormel Foods (HRL) at this time.

5 Terrific Mid Cap Stocks

Today's list of Mid Cap Stocks were found by using Barchart to sort the S & P 400 Mid Cap index for those having the best Barchart technical indicators and charts.  The list today includes  Aqua America (WTR), Westar Energy (WR), Wabtec (WAB), Vectren (VVC) and Trinity Industries (TRN):

Aqua America (WTR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 10.06% in the last month
• Relative Strength Index 80.07%
• Barchart computes a technical support level at 28.99
• Recently traded at 30.18 with a 50 day moving average of 27.32

Westar Energy (WR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 5.74% in the last month
• Relative Strength Index 72.48%
• Barchart computes a technical support level at 31.17
• Recently traded at 32.04 with a 50 day moving average of 30.03

Wabtec (WAB)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 3.61% in the last month
• Relative Strength Index 66.10%
• Barchart computes a technical support level at 96.14
• Recently traded at 99.23 with a 50 day moving average of 92.94

Vectren (VVC)

Barchart technical indicators:

• 100 Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 6.39% in the last month
• Relative strength Index 73.27%
• Barchart computes a technical support level at 33.08
• Recently traded at 33.81 with a 50 day moving average of 31.31

Trinity Industries (TRN)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 9.99% in the last month
• Relative Strength Index 66.67%
• Barchart computes a technical support level at 41.99
• Recently traded at 44.16 with a 50 day moving average of 39.20

Barchart Morning Call 3/5

Barchart Morning Call

BC - Tue Mar 05, 7:09AM CST

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH13 +0.23%) this morning are mildly higher by +0.23% on higher global stocks. The Euro Stoxx 50 is sharply higher by +1.38% after Eurozone officials indicated some flexibility on easing austerity measures for troubled Eurozone nations, allowing Portugal's 10-year bond yield today to fall sharply by 24 bp. In addition, the German and Eurozone final-Feb services PMIs were revised higher and the UK services PMI was stronger than expected. Asian stocks today closed higher across the board. China's CSI 300 index today closed sharply higher by +3.03% on a partial rebound from Monday's -4.6% loss on property curbs. Japanese stocks today closed +0.27% and Hong Kong closed +0.10%. Commodity prices are showing strong gains on the whole with an average increase of +0.56%. April crude oil (CLJ13 +0.30%) is up +0.20%, April gasoline (RBJ13 +0.55%) is up +0.28%, April gold (GCJ13 +0.61%) is up +0.65%, March copper (HGK13 +0.53%) is up +0.66%, and agriculture prices are all trading higher except for hogs. The dollar index (DXY00 -0.11%) is mildly lower by -0.15%. EUR/USD (^EURUSD) is up +0.10% on easier Eurozone debt crisis conditions, while USD/JPY (^USDJPY) is down -0.26%. March 10-year T-notes (ZNM13 -0.06%) are down 5 ticks on reduced safe-haven demand.
China's HSBC Feb services PMI fell by -1.9 points to 52.1 from 54.0 in Jan. The -1.9 point decline was similar to Saturday's -1.7 point decline to 54.5 in the Feb services PMI from the National Bureau of Statistics.
Germany's final-Feb services PMI rose +0.6 points to 54.7 from the preliminary report of 54.1. The final-Feb Eurozone services PMI rose by +0.6 points to 47.9 from the preliminary report of 47.9.
The UK Feb services PMI rose by +0.3 points to 51.8 from 51.5 in Jan and was stronger than market expectations for a -0.5 point decline to 51.0. The report put the UK economy in a slightly better light and may make it more difficult for the Bank of England to consider reviving its QE program at its meeting that concludes on Thursday.
Eurozone Jan retail sales rose +1.2% m/m, which was better than market expectations and more than recovered the -0.8% loss seen in January. On a year-on-year basis, Eurozone Jan retail sales improved to -1.3% y/y from a revised -3.0% y/y in Dec.
Eurozone finance ministers and the European Commission are showing some flexibility on easing up on austerity requirements in response to revolts among voters. Italy's voters, for example, lodged a 55% combined vote for the anti-austerity Grillo and Berlusconi parties. Eurozone officials are considering giving Ireland and Portugal more time to repay their loans. Portugal's 10-year bond yield today fell sharply by -24 bp to 6.07% from 6.31% on Monday. The Spanish 10-year bond yield today is down -4 bp at 5.04%. Italy's 10-year bond yield is down -11 bp at 4.76%.
The Australian central bank today left its policy rate unchanged at 3.00%, which was in line with market expectations. The unchanged rate was supportive for the Australian dollar as the market trimmed expectations for further rate cuts. The Reserve Bank of Australia cut its policy rate by a total of 125 bp in 2012 to address slower economic growth. RBA Governor Glenn Stevens said today that last year's rate cut is showing some signs of having the "expected effects." He added that the current inflation outlook affords "scope to ease policy further, should that be necessary."

U.S. STOCK PREVIEW

Today's U.S. economic calendar is light. Today’s Feb ISM non-manufacturing index is expected to show a small -0.2 point decline to 55.0, adding to the -0.5 decline to 55.2 seen in January. Congress today will be haggling over the continuing resolution that the House expects to pass on Thursday. The markets will also be on the lookout for sequester effects. Today's U.S. stock calendar is relatively light. There are reports today from Fastenal, The Gap, VeriFone, and Walgreen, among others.
March E-mini S&Ps (ESH13 +0.23%) this morning are up +3.50 points (+0.23%) on a +1.38% rally in European stocks and a 3.03% rally in Chinese stocks. The S&P 500 index on Monday closed moderately higher on dovish comments from Fed Vice Chair Yellen and from the lack of much fallout thus far from the automatic spending cuts. The market overcame early bearish news including a decline in China’s non-manufacturing PMI and the -4.6% plunge in Chinese stocks on the new curbs on China’s property market. Closes: S&P 500 +0.46%, Dow Jones +0.27%, Nasdaq +0.43%.

OVERNIGHT U.S. STOCK MOVERS

• Jefferies raised its target for Google (GOOG +1.90%) to $1,000 from $875
• Trinity Biotech (TRIB -0.76%) reported in-line Q4 EPS of 21 cents.
• Cantor upgrade Yahoo (YHOO +3.46%) to Buy from Hold
• J.C. Penney (JCP -5.37%) fell 3% in after-hours trading after a large 10 million share block trade was offered and was priced between $16.40-$16.60.
• American Apparel (APP +0.78%) rallied sharply by 15% in after-hours trading on positive earnings.
• Ascena Retail (ASNA +0.43%) rallied 14% in after-hours trading on positive earnings.
• Santarus (SNTS +2.53%) rallied 10% in after-hours trading on positive earnings.
• Compuware (CPWR -0.17%) rallied 5% in after-hours trading after Bloomberg reported that private equity firms are showing interest in the company.
• Trulia (TRLA +3.02%) fell 5% in after-hours trading after the company filed to sell $100 million of common stock.

MARKET COMMENTS

June 10-year T-notes (ZNM13 -0.06%) are down -5 ticks on reduced safe-haven demand. June 10-year T-note prices on Monday closed slightly lower on reduced safe-haven demand with the rally in stocks and the lack of any big impact as yet on the first business day after last Friday’s sequester. Closes: TYM3 -0.5, FVM3 -2.25.
The dollar index (DXY00 -0.11%) is down -0.12 points (-0.15%) on reduced safe-haven demand while EUR/USD (^EURUSD) is up +0.0013 (+0.10%) on improved Eurozone debt crisis conditions. USD/JPY (^USDJPY) is down -0.24 yen (-0.26%). The dollar index on Monday closed slightly lower on the rally in stocks and reduced safe-haven demand. Closes: Dollar index -0.12 (-0.14%), EUR/USD +0.0004 (+0.03%), USD/JPY -0.11 (-0.12%).
April WTI crude oil (CLJ13 +0.30%) is up +0.18 (+0.20%) and April gasoline (RBJ13 +0.55%) is up +0.0086 (+0.28%). Crude oil and gasoline on Monday closed lower. Bearish factors included (1) continued technical selling with the new 2-month low in crude oil, (2) expectations for an +800,000 barrel increase in crude oil inventories in Wednesday’s DOE report, (3) some concerns about the U.S. economy with the sequester starting last Friday, and (4) the decline in China’s non-manufacturing PMI report. Closes: CLJ3 -0.56 (-0.62%), RBJ3 -0.0303 (-0.97%).

GLOBAL EVENT CALENDAR03/05/2013

US	1000 ET	Feb ISM non-manufacturing index expected -0.2 to 55.0, Jan -0.5 to 55.2.
	1400 ET	Richmond Fed President Jeffrey Lacker speaks at the 2013 NABE conference on a panel titled ?Help or Harm: Central Bank Monetary Policies at the Outer Limits.?
	1630 ET	API weekly U.S. oil statistics.
GER	0355 ET	Revised German Feb PMI services expected no change at 54.1
UK	0430 ET	UK Feb services PMI, Jan 51.5.
	1901 ET	UK Feb BRC shop price index, Jan +0.6% y/y.
EUR	0400 ET	Revised Eurozone Feb PMI composite expected no change at 47.3.
	0500 ET	Eurozone Jan retail sales expected +0.3% m/m and -2.9% y/y, Dec -0.9% m/m and -3.6% y/y.

U.S. STOCK CALENDAR03/05/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Fastenal Co	FAST	7:00	February 2013 Sales and Revenue Release	2013
SandRidge Energy Inc	SD	8:00	Investor and Analyst Meeting	Y 2013
Joy Global Inc	JOY	8:30	Annual General Meeting
Hologic Inc	HOLX	8:30	Annual General Meeting
Cerner Corp	CERN	9:30	Investment Community Meeting	Y 2013
Brocade Communications Systems Inc	BRCD	10:00	Roadshow - Washington	Y 2013
Tractor Supply Co	TSCO	10:15	Investment Community Meeting	Y 2013
International Game Technology	IGT	10:30	Annual General Meeting	Y 2013
QUALCOMM Inc	QCOM	12:30	Annual General Meeting	Y 2013
Applied Materials Inc	AMAT	14:00	Annual General Meeting	Y 2013
Xilinx Inc	XLNX	14:00	Investor Day	Y 2013
Gap Inc/The	GPS	16:00	February 2013 Sales and Revenue Release	2013
VeriFone Systems Inc	PAY	16:30	Q1 2013 Earnings Call	Q1 2013
VeriFone Systems Inc	PAY	Aft-mkt	Q1 2013 Earnings Release	Q1 2013	0.494
Walgreen Co	WAG		February 2013 Sales and Revenue Release	2013

Home Depot (HD

An article on Home Deport by my favorite author    Home Depot Continues to Build

Alaska Air Group - ALK

Summary:

Alaska Air Group (ALK) is today's Chart of the Day.  Found by sorting the New High list, the stock hit 15 new highs and is up 17.24% in the last month.  Since the Trend Spotter gave a buy signal on 1/3 the stock is up 21.82%.


Article:

Alaska Air Group (ALK) is today's Chart of the Day and was found by sorting Barchart's New High list for frequency. Since the Trend Spotter gave a buy signal on 1/3 the stock is up 21.82%.  The price had a steady rise and hit 15 increases in the last 20 trading session plus its up 17.24% in the last month.

The Company is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. This year they will add 5 new routes and have 50 new Boeing planes on order with plenty of cash to fund the expansion.

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.

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 17.24% in the last month
• Relative Strength Index 77.33%
• Barchart computes a technical support level at 51.22
• Recently traded at 54.53 with a 50 day moving average of 47.22

Fundamental factors:

• Market Cap $3.83 billion
• P/E 10.94
• Analysts issued 6 strong buy, 1 buy, 3 hold, 1 sell and a strong sell recommendation
• Revenue projected to increase 7.80% this year and another 5.70% next year
• Earnings estimated to increase 15.20% this year, 13.60% next year and continue to increase annually by 28.55% for the next 5 years
• Financial Strength B

Exit strategy:  Sell if you lose 10% or the stock drops below its 50 day moving average.

5 Great Large Caps

Today's picks were found by using Barchart to sort the S & P 500 Large Cap index for the stocks having the best Barchart technical indicators and charts.  The list today includes Yahoo! (YHOO), Wisconsin Energy (WEC), Tesoro Petroleum (TSO), Tiffany (TIF) and AT&T (T):

Yahoo! (YHOO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 15.15% in the last month
• Relative Strength Index 70.07%
• Barchart computes a technical support level at 20.81
• Recently traded at 22.26 with a 50 day moving average of 20.21

Wisconsin Energy (WEC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 4.62% in the last month
• Relative Strength Index 76.71
• Barchart computes a technical support level at 48.81
• Recently traded at 41.42 with a 50 day moving average of 38.84

Tesoro Petroleum (TSO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 20.86% in the last month
• Relative Strength Index 72.02%
• Barchart computes a technical support level at 53.96
• Recently traded at 58.99 with a 50 day moving average of 48.00

Tiffany (TIF)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 10.44% in the last month
• Relative Strength Index 69.25%
• Barchart computes a technical support level at 65.85
• Recently traded at 68.50 with a 50 day moving average of 62.71

AT&T (T)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 2.55% in the last month
• Relative Strength Index 65.04%
• Barchart computes a technical support level at 35.46
• Recently traded at 36.13 with a 50 day moving average of 34.69

Barchart Morning Call 3/4

Barchart Morning Call

BC - 2 hrs 12 mins ago

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH13 -0.10%) are down -0.35% on sell-offs in European (-0.33%) and Asian stocks and on the weak Chinese non-manufacturing PMI reported on Saturday. In addition, political comments over the weekend seemed to confirm that there is little change of rolling back the sequester cuts that began last Friday. Most Asian stock markets are trading lower today except for a +0.40% rally in Japan. Commodity prices are little changed on average this morning. April crude oil (CLJ13 +0.09%) is down -0.18%, April gasoline (RBJ13 +0.01%) is down -0.28%, April gold (GCJ13 +0.36%) is up +0.36%, May copper (HGK13 +0.54%) is down -0.07%, and agricultural prices are mixed. The dollar index (DXY00 +0.04%) is slightly higher by +0.07%. EUR/USD (^EURUSD) is down -0.16% and USD/JPY (^USDJPY) is down -0.09%. June 10-year T-notes (ZNM13 +0.01%) are up 3.5 ticks.
HSBC is down 2.5% in European trading after reporting that its profit fell 5.6% in 2012 after taking a $5.2 billion charge. HSBC was forced to revalue its impaired debt, pay a record penalty for compliance violations, and saw higher costs.
Chinese stocks fell sharply by 4.6% today in response to a new set of property market curbs to cool home prices that hit construction and developer stocks hard. The Chinese government cabinet late Friday announced measures such as higher down payments and mortgage rates on second homes in cities that have experienced steep home price increases. The cabinet also announced a 20% capital gains tax on existing home sales.
Chinese stocks were also hurt by Saturday's news that China's Feb non-manufacturing PMI from the National Bureau of Statistics fell by 1.7 points to 54.5 from 56.2 in Jan.
Japanese stocks were supported today and closed up +0.40% after Haruhiko Kuroda, who has been nominated as the new Bank of Japan chief, said he would do whatever it takes to end more than 15 years of deflation.
Japan's Feb monetary base surged to +15.0% y/y from +10.9% y/y in Jan.
The UK Feb construction PMI fell by -1.9 points to 46.8 from 48.7 in Jan and was weaker than market expectations for a +0.3 point increase to 49.0.
The Eurozone Jan PPI of +0.6% m/m and +1.9% y/y was closed to expectations and the year-on-year figure of +1.9% was down from +2.1% in Dec.
Italy's 10-year bond yield is up by 4 bp at 4.83% today as Italy's political parties struggle to form a government. Italy's Democratic Party leader Bersani is seeking to form a narrow government targeted on a limited number of legislative initiatives. However, ex-comic Grillo's party continues to say that it will not join any government with the established parties such as those of Bersani, Berlusconi, or Monti. A second election will need to be held if a ruling coalition cannot be found.

U.S. STOCK PREVIEW

The markets this week will focus mainly on the U.S. fiscal situation after last Friday’s sequester went into effect, a heavy schedule of overseas central bank meetings, and Friday U.S. payroll report (expected +160,000). There are only 5 of the Russell 1000 companies that report earnings today: Tech Data (consensus $1.76), Golar LNG (1.67), Stratasys (0.38), Ascena Retail (0.23), MFA Financial (0.20).

March E-mini S&Ps (ESH13 -0.10%) this morning are down -5.25 points (-0.35%) on weak European and Asian stocks and the decline in China's non-manufacturing PMI report. The S&P 500 index on Friday closed higher as concerns about federal spending cuts from sequestration were offset by (1) the stronger-than-expected Feb ISM manufacturing index which unexpectedly expanded to its best level in 20-months (+1.1 to 54.2), and (2) the +1.3 point increase to 77.6 in the Feb University of Michigan consumer confidence index. Other negatives included (1) carry-over weakness from a fall in European stocks after the Eurozone Jan unemployment rate unexpectedly rose +0.1 to a record high of 11.9%, and (2) the China Feb PMI manufacturing index which unexpectedly fell -0.3 to 50.1. Closes: S&P 500 +0.23%, Dow Jones +0.25%, Nasdaq +0.33%.

OVERNIGHT U.S. STOCK MOVERS

• Hecla Mining (HL unch) offerred to buy Aurizon Mines (AZK) for CD$4.75 per share or CD$796 million.
• Stratasys (SSYS +1.82%) reported Q4 adjusted EPS of 40 cents, above the consensus of 38 cents.
• HSBC (HBC -1.10%) reported FY12 EPS of 74 cents, down 20% y/y.
• Carl Icahn reported a 13.6% stake in Herbalife (HLF -0.47%).
• Cubic Corporation (CUB +0.79%) announced that it has received three prime contracts from the Naval Air Warfare Center Training Systems Division worth up to $298.5 million to develop courseware in support of the Littoral Combat Ship Train.
• Transocean (RIG -0.29%) reported Q4 adjusted EPS of 91 cents, better than consensus of 82 cents.
• Myers Industries (MYE +0.34%) raised its quarterly dividend to 9 cents from 8 cents per share.
• Praxair (PX +0.41%) announced that it expects the impact of the Venezuelan government's devaluation of the bolivar from 4.30 to 6.30 to result in an estimated charge to net income of approximately 8 cents per diluted share in Q1 due primarily to the remeasurement of the local Venezuelan balance sheet to reflect the new official 6.30 exchange rate.
• PDL BioPharma (PDLI -2.66%) reported Q4 EPS of 34 cents, better than consensus of 32 cents.
• Vanguard Natural (VNR -0.14%) reported Q4 adjusted EPS of 27 cents, weaker than consensus of 34 cents.
• Eastern Insurance Holdings (EIHI -0.16%) increased its quarterly cash dividend to 9 cents per share from 7 cents per share.

MARKET COMMENTS

June 10-year T-notes (ZNM13 +0.01%) this morning are up 3.5 ticks on some increased safe-haven demand with the sell-off in most global stock markets today. June 10-year T-note prices on Friday climbed to a 2-month high and closed higher after Jan personal income fell more-than-expected by the most in 20-years (-3.6%), along with concern the automatic spending cuts that began with Friday's sequestration will slow growth in the U.S. economy. T-note prices fell back from their best levels after U.S. Feb consumer confidence and ISM manufacturing activity unexpectedly strengthened. Closes: TYM3 +7.5, FVM3 +3.0.
The dollar index (DXY00 +0.04%) this morning is slightly higher by +0.06 (+0.07%). EUR/USD (^EURUSD) is down -0.0021 (-0.16%) and USD/JPY (^USDJPY) is down -0.08 (-0.09%). The dollar index on Friday soared to a 6-1/4 month high and closed higher as the beginning of the U.S. sequestration fueled safe-haven demand into the dollar. EUR/USD slumped to a 2-1/2 month low when the Eurozone Jan unemployment rate unexpectedly rose to a record high of 11.9%. Closes: Dollar index +0.36 (+0.44%), EUR/USD -0.00386 (-0.30%), USD/JPY +1.028 (+1.11%).
April WTI crude oil (CLJ13 +0.09%) this morning is down -0.16 (-0.18%) and April gasoline (RBJ13 +0.01%) is down -0.0087 (-0.28%). Crude oil and gasoline on Friday closed mixed. April crude posted a 2-month low after Chinese Feb manufacturing data expanded less than forecast, the dollar index surged to a 6-1/4 month high, and the U.S. sequestration began. April gasoline recovered from a 1-month low and closed higher, however, after the Feb ISM manufacturing index and Feb consumer confidence unexpectedly strengthened, which may boost fuel demand. Closes: CLJ3 -1.37 (-1.49%), RBJ3 +0.0169 (+0.54%).

GLOBAL EVENT CALENDAR03/04/2013

US	0800 ET	Fed Vice Chairman Janet Yellen speaks at the 2013 NABE conference on ?A View from the Fed.?
	0945 ET	Feb New York ISM , Jan 56.7.
	1100 ET	USDA weekly grain export inspections.
	1145 ET	Former Fed Chairman Paul Volcker speaks at the 2013 NABE conference on ?Lessons from the Financial Collapse-Learned or Forgotten??
EUR	0430 ET	Eurozone Mar Sentix investor confidence expected -4.3, Feb -3.9.
	0500 ET	Eurozone Jan PPI expected +0.5% m/m and +1.9% y/y, Dec -0.2% m/m and +2.2% y/y.
UK	0430 ET	UK Feb construction PMI expected +0.3 to 49.0, Jan 48.7.
	1901 ET	UK Feb BRC sales like-for-like expected +1.0%, Jan +1.9% y/y.
JPN	2030 ET	Japan Jan labor cash earnings, Dec -1.7% y/y.
CHI	2045 ET	China Feb HSBC services PMI, Jan 54.0.

U.S. STOCK CALENDAR03/04/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Tech Data Corp	TECD US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.76
Golar LNG Ltd	GOL NO	Bef-mkt	Y 2012 Earnings Release	Y 2012	1.667
Stratasys Ltd	SSYS US	Bef-mkt	Q4 2012 Earnings Release	Q4 2012	0.383
Stratasys Ltd	SSYS US	8:30	Q4 2012 Earnings Call	Q4 2012
Tech Data Corp	TECD US	9:00	Q4 2013 Earnings Call	Q4 2013
Golar LNG Ltd	GOL NO	9:30	Y 2012 Earnings Call	Y 2012
Dominion Resources Inc/VA	D US	10:00	Analyst Meeting	Y 2013
Ascena Retail Group Inc	ASNA US	16:00	Q2 2013 Earnings Release	Q2 2013	0.228
Ascena Retail Group Inc	ASNA US	16:30	Q2 2013 Earnings Call	Q2 2013
Cisco Systems Inc	CSCO US		VirnetX vs. Cisco Patent-Infringement Trial Begins
AutoNation Inc	AN US		February 2013 Sales and Revenue Release	2013