Legg Mason - Barchart's Chart of the Day

Summary:

Legg Mason the Financial Management and Brokerage firm is the Chart of the Day.  The price advanced in all 20 of the last 20 trading sessions and the stock has 100% technical buy signals plus a Trend Spotter buy signal.

Article:

The Chart of the Day is Legg Mason (LM).  Lately the stock has terrific momentum and was up in all of the last 20 trading sessions.  The stock gained 47.89% in the last 12 months and still has a P/E below the market average.  We found the stock by sorting the New High list for frequency.

It is a holding company which, through its subsidiaries, is principally engaged in providing asset management, securities brokerage,investment banking and related financial services to individuals,institutions, corporations and municipalities.

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, 540 and 100 day moving averages
• 20 new highs and up 20.11% in the last month
• Relative Strength Index 81.01%
• Barchart computes a technical support level at 35.22
• Recently traded at 36.13 with a 50 day moving average of 31.88

Fundamental factors:

• Market Cap $4.66 billion
• P/E 13.52
• Dividend yield 1.25%
• Financial Strength B+
• Revenue predicted to increase 2.40% this year and another 4.10% next year
• Earnings estimated to grow 183.00% this year, an additional 15.50% next year and continue to compound at an annual rate of 16.67% for the next 5 years
• Wall Street analysts have issued 3 strong buy,7 hold and 4 sell recommendations

Hold unless the stock drops below its 50 day moving average.

JetBlue Sell Signals

All of my model portfolios has different screening criteria: some based on technical momentum, some based on fundamental factors and some based on both.  Occasionally a stock may meet the screening criteria of more than one portfolio.  That happened with Jet Blue (JBLU).  It was added to the New High portfolio when I screened for stocks trading over 100,000 shares a day hitting the most frequent new highs and at the same time was added to the Speculative portfolio because it was a stock trading under $10 the was hitting new highs.

Today I'm deleting it from both because it has reversed that former momentum:

Barchart technical indicators:

• 80% Barchart short term technical sell signal
• Trend Spotter sell signal
• Trading below its 20 and 50 day moving averages
• 7.74% loss in the last 20 days
• 11.54% off its 1 year high
• Relative Strength Index 39.81%

The Whitewave Foods Company - Barchart's Chart of the Day

Summary:

The WhiteWave Foods Company (WWAV) is the Chart of the Day.  This packaged food company has 100% Barchart technical buy signals and during the last month advanced  11 times for a gain of 15.90%.

Article:

The Chart of the Day is the WhiteWave Foods Company (WWAV).  During the last month the stock advance 11 times for a 15.90% gain.  It has both 100% Barchart technical buy signals and a Trend spotter buy signal.  The stock was found by sorting the New High list for the stocks with the highest technical buy signals.

It is a consumer packaged food and beverage company. It manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, and premium dairy products throughout North America and Europe. The Company's products include soy milk, flavored creamers, organic milk, yogurt, cheese, butter, sour creams, and whipped creams. It serves the grocery and natural foods channels in the United States.

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
• 11 new highs and up 15.90% in the last month
• Relative Strength Index 74.94
• Barchart computes a technical support level at 18.39
• Recently traded at 19.10 with a 50 day moving average of 17.03

Fundamental factors:

• Market Cap $439.30 million
• P/E 28.90
• Revenue predicted to grow 8.90% this year and another 7.90% next year
• Earnings estimated to increase 16.70% this year, 18.60% next year and compound 17.50% annually for the next 5 years
• Wall Street analysts issued 5 strong buy, 1 buy and 4 hold recommendations

Hold until the stock traded below its 50 day moving average.

5 NASDAQ 100 Winners

Today I used Barchart to sort the NASDAQ 100 Index to find the 5 stocks with the best technical buy signals and charts and found Micron Technology (MU), Priceline.com (PCLN), Sigma-Aldrich (SIAL), Stericycle (SRCL) and Automatic Data Processing (ADP):

Micron Technology (MU)

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 13.17% in the last month
• Relative Strength Index 73.90%
• Barchart computes a technical support level at 10.46
• Recently traded at 11.17 with a 50 day moving average of 9.67

Priceline.com (PCLN)

Barchart 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 19.68% in the last month
• Relative strength Index 79.81%
• Barchart computes a technical support level at 782.84
• Recently traded at 811.09 with a 50 day moving average of 715.10

Sigma-Aldrich (SIAL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.85% in the last month
• Relative Strength Index 76.95%
• Barchart computes a technical support at 80.39
• Recently traded at 83.24 with a 50 day moving average of 77.94

Stericycle (SRCL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 2.28% in the last month
• Relative Strength Index 66.67%
• Barchart computes  a technical support level at 109.31
• Recently traded at 111.70 with a 50 day moving average of 106.12

Automatic Data Processing (ADP)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 9.22% in the last month
• Relative strength Index 75.49%
• Barchart computes a technical support level at 70.41
• Recently traded at 71.44 with a 50 day moving average of 66.04

Barchart Morning Call 5/16

BARCHART MORNING CALL

Thursday, May 16th, 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 (ESM13 unch) this morning are down % and European stocks are lower by % as equity markets consolidate their recent gains. Asian stocks closed mixed: Japan -0.39%, Hong Kong +0.17%, China +1.83%, Taiwan +0.86%, Australia -0.50%, Singapore +0.31%, South Korea +0.93%, India +0.17%. Foreign direct investment unexpectedly slowed last month in China, while the Japanese economy in Q1 expanded at its fastest pace in a year. Commodity prices are mostly lower. June WTI crude oil (CLM13 -0.50%) is down -0.60%, June gasoline (RBM13 -0.31%) is down -0.31%, June natural gas (NGM13 -0.17%) is up +0.29%, June gold (GCM13 -1.54%) is down -1.67% and July copper (HGN13 -0.80%) is down -0.84%. Agriculture prices are higher. The dollar index (DXY00 +0.06%) is up +0.11%. EUR/USD (^EURUSD) is down -0.18%. USD/JPY (^USDJPY) is up +0.40%. June 10-year T-note futures prices (ZNM13 +0.01%) are down -2 ticks.
Philadelphia Fed President Plosser said to reporters in Milan, Italy today that the current Fed QE pace was appropriate for six months ago, but recent economic data means the Fed should taper QE in June.
The Eurozone Mar trade balance widened to +18.7 billion euros, more than expectations of +11.5 billion euros. Eurozone Mar exports rose a seasonally adjusted +2.8% from Feb, while Mar imports fell -1.0% m/m.
China Apr foreign direct investment climbed +0.4% y/y, much weaker than expectations of +6.2% y/y, and raises growth concerns in China.
Japan Q1 GDP grew +0.9% q/q and +3.5% annualized, better than expectations of +0.7% q/q and +2.7% annualized, although the Q1 GDP deflator fell -1.2% y/y, weaker than expectations of -0.9% y/y and the biggest decline since Q4 2011.
Japan Mar industrial production was revised up to +0.9% m/m and -6.7% y/y, stronger than the previously reported +0.2% m/m and -7.3% y/y, although Mar capacity utilization was revised lower to -0.8% m/m from the originally reported -0.7% m/m.

U.S. STOCK PREVIEW

Today’s initial unemployment claims report is expected to show an increase of +7,000 to 330,000, more than reversing last week’s -4,000 decline to 323,000. Continuing claims are expected to fall by -2,000 to 3.003 million, adding to last week’s decline of -27,000 to 3.005 million. Today’s April CPI report is expected to show a decline of -0.3% m/m, adding to the -0.2% decline seen in March. The April core CPI is expected to show an increase of +0.2% m/m after the +0.1% increase seen in March. Today’s April housing starts report is expected to show a decline of -5.4% to 980,000, reversing most of the +7.0% increase to 1.036 million seen in March. Today’s May Philadelphia Fed manufacturing index is expected to show a small +1.0 point increase to 2.3 after the -0.7 point decline to 1.3 seen in April.
Today is a big day for retailer earnings reports including Wal-Mart (consensus $1.15), Kohl's (0.57), JC Penney (-1.05), and Nordstrom (0.76). Other reports today include Applied Materials (0.13), Autodesk (0.45), and Dell (0.35). Dell's report will be watched the implications for further data on the fall-out from the recent plunge in desktop computer sales.
Conferences during the remainder of this week include Citi Global Energy and Utilities Conference on Tue-Thu, JPMorgan Global Technology, Media and Telecom Conference on Tue-Thu, Bank of America Merrill Lynch Health Care Conference on Tue-Thu, Bank of America Merrill Lynch Global Transportation Conference on Wed-Thu, RBC Capital Markets Aerospace & Defense Conference on Wed-Thu, 15th Annual Medicaid and GP Congress on Wed-Thu, Morgan Stanley Refining Conference on Thu, 19th International Cash, Treasury and Risk for Finance Professionals in Asia Co on Wed-Fri, and Google Developers Conference on Wed-Fri.

OVERNIGHT U.S. STOCK MOVERS

Both Molson Coors (TAP -0.06%) and Constellation Brands (STZ +0.22%) were upgraded to "Buy" from "Hold" at Stifel.
Coca-Cola Enterprises (CCE +2.68%) was downgraded to "Hold" from "Buy" at Stifel because of valuation.
WalMart (WMT +1.37%) reported Q1 EPS of $1.14, slightly weaker than consensus of $1.15, and said it sees Q2 EPS of $1.22-$1,27, weaker than consensus of $1.29.
Kohl's (KSS +1.00%) reported Q1 EPS of 66 cents, better than expectations of 57 cents.
Actavis (ACT +1.81%) rose nearly 6% in pre-market trading after the WSJ reported that Novartis AG my bid for the largest U.S. maker of generic drugs.
The WSJ reported that General Electric (GE +1.00%) said more than 70 Boeing (BA +0.95%) 777 models may be affected by an engine manufacturing defect.
Potash (POT +0.70%) increased its quarterly dividend to 35 cents per share from 28 cents.
The U.S. Food and Drug Administration approved a new use for Simponi, a drug marketed by Janssen, a unit of Johnson & Johnson (JNJ +0.77%) , to treat adults with moderate to severe ulcerative colitis.
Berkshire Hathaway reported a 5.03% passive stake in Liberty Media (LMCA +1.76%) and a 5.8% passive stake in DirecTV (DTV +1.18%) .
Aegean Marine (ANW +2.04%) reported Q1 adjusted EPS of 13 cents, weaker than consensus of 14 cents.
Sapient (SAPE +0.27%) reported Q1 adjusted EPS of 12 cents, better than consensus of9 cents.
Monthly data from ComScore showed Google (GOOG +3.25%) sites led U.S. April searches on the internet with 66.5% of search queries conducted, followed by Microsoft (MSFT +0.95%) sites with 17.4%, and Yahoo! (YHOO +2.63%) sites with 12%.
Jack in the Box (JACK +0.29%) reported Q2 adjusted EPS of 33 cents, better than consensus of 31 cents.
Cisco (CSCO -0.28%) rallied over 8% in after-hours trading after it reported Q3 EPS of 51 cents, higher than consensus of 49 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM13 unch) this morning are little changed, down -0.50 (-0.03%). The S&P 500 index on Wednesday recovered from early losses tied to a weaker-than-expected May Empire manufacturing index (-1.43 vs. expectations of 4.00) and Apr industrial production (-0.5% vs., expectations of -0.2%). The market rallied to a new all-time high and closed higher on speculation the weak economic data will keep the Fed from scaling back QE3. Closes: S&P 500 +0.51%, Dow Jones +0.40%, Nasdaq 100 +0.22%.
June 10-year T-notes (ZNM13 +0.01%) this morning are down -2 ticks. June 10-year T-note futures prices on Wednesday recovered from a 1-1/2 month low and settled higher after the weaker-than-expected May Empire manufacturing index and April industrial production report. However, a rally in the Dow and S&P 500 to record highs undercut the safe-haven demand for Treasuries. Closes: TYM3 -8.0, FVM3 -3.0.
The dollar index (DXY00 +0.06%) this morning is up +0.094 (+0.11%). EUR/USD (^EURUSD) is down -0.0023 (-0.18%) and USD/JPY (^USDJPY) is up +0.41 (+0.40%). The dollar index on Wednesday rallied to a new 9-1/2 month high as a weaker-than-expected Eurozone Q1 GDP report sent EUR/USD falling to a 1-1/4 month low on speculation the ECB will expand its easing measures, which will further undercut the euro’s interest-rate differentials. USD/JPY fell back from a 4-1/2 year high as strength in stocks undercut the safe-haven demand for the yen. Closes: Dollar index +0.235 (+0.28%), EUR/USD -0.00337 (-0.26%), USD/JPY -0.156 (-0.15%).
June WTI crude oil (CLM13 -0.50%) this morning is down -57 cents (-0.60%) and June gasoline (RBM13 -0.31%) is down -0.0090 (-0.31%). June crude oil and gasoline shook off early losses and closed higher as a rally in the S&P 500 to a record high boosted economic optimism. Crude and gasoline had earlier fallen to 2-week lows on bearish factors that included (1) the rally in the dollar index to a 9-1/2 month high, (2) the weaker-than-expected Eurozone Q1 GDP report (-0.2% q/q vs. expectations of -0.1% q/q) and U.S. Apr industrial production (-0.5% vs. expectations of -0.2%), and (3) EIA data showing that U.S. fuel consumption fell -584,000 bbl to 18.5 million bpd in the week ended May 10. Closes: CLM3 +0.09 (+0.10%), RBM3 +0.0294 (+1.04%).

GLOBAL EVENT CALENDAR05/16/2013

US	0345 ET	Philadelphia Fed President Charles Plosser speaks on monetary policy and the economic outlook at the Global Interdependence Center on Milan.
	0745 ET	Boston Fed President Eric Rosengren speaks on monetary policy and the economic outlook at the Global Interdependence Center on Milan.
	0830 ET	Weekly initial unemployment claims expected +7,000 to 330,000, previous -4,000 to 323,000. Weekly continuing claims expected -2,000 to 3.003 million, previous -27,000 to 3.005 million.
	0830 ET	Apr CPI expected -0.3% m/m and +1.3% y/y, Mar -0.2% m/m and +1.5% y/y. Apr CPI ex food & energy expected +0.2% m/m and +1.8% y/y, Mar +0.1% m/m and +1.9% y/y.
	0830 ET	Apr housing starts expected -5.4% to 980,000, Mar +7.0% to 1.036 million. Apr building permits expected +3.6% to 940,000, Mar -3.4% to 907,000.
	0830 ET	USDA weekly Export Sales.
	0900 ET	Dallas Fed President Richard Fisher speaks at the NABE 2013 Industry Conference in Houston, TX.
	1000 ET	May Philadelphia Fed manufacturing index expected +1.0 to 2.3, Apr -0.7 to 1.3.
	1100 ET	Treasury announces amount of 10-year TIPS to be auctioned on May 23.
	1505 ET	San Francisco Fed President John Williams delivers a speech on the economy and monetary policy to the Portland Business Journal 2013 CFO of the Year awards luncheon.
JPN	0030 ET	Revised Japan Mar industrial production, previous +0.2% m/m and -7.3% y/y. Revised Mar capacity utilization, previous +0.7% m/m.
	1950 ET	Japan Mar machine orders expected +3.3% m/m and -4.9% y/y, Feb +7.5% m/m and -11.3% y/y.
EUR	0500 ET	Revised Eurozone Apr CPI, previous +1.2% y/y. Revised Apr CPI core, previous +1.0% y/y.

U.S. STOCK CALENDAR05/16/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Wal-Mart Stores Inc	WMT US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	1.145
Flowers Foods Inc	FLO US	Bef-mkt	Q1 2013 Earnings Release	Q1 2013	0.429
Wal-Mart Stores Inc	WMT US	7:00	Q1 2014 Earnings Call	Q1 2014
Kohl's Corp	KSS US	7:30	Q1 2014 Earnings Release	Q1 2014	0.566
Kohl's Corp	KSS US	8:30	Q1 2014 Earnings Call	Q1 2014
KeyCorp	KEY US	8:30	Annual General Meeting	Y 2013
Flowers Foods Inc	FLO US	8:30	Q1 2013 Earnings Call	Q1 2013
Advanced Micro Devices Inc	AMD US	9:00	Annual General Meeting	Y 2013
Altria Group Inc	MO US	9:00	Annual General Meeting	Y 2013
Bruker Corp	BRKR US	9:30	Annual General Meeting	Y 2013
Hess Corp	HES US	10:00	Annual General Meeting	2013
Host Hotels & Resorts Inc	HST US	10:00	Annual General Meeting	Y 2013
Marsh & McLennan Cos Inc	MMC US	10:00	Annual General Meeting	Y 2013
Sealed Air Corp	SEE US	10:00	Annual General Meeting	Y 2013
Regions Financial Corp	RF US	10:00	Annual General Meeting	Y 2013
Apache Corp	APA US	11:00	Annual General Meeting	Y 2013
OGE Energy Corp	OGE US	11:00	Annual General Meeting	Y 2013
St Joe Co/The	JOE US	11:00	Annual General Meeting	Y 2013
Westar Energy Inc	WR US	11:00	Annual General Meeting	Y 2013
Covanta Holding Corp	CVA US	11:00	Annual General Meeting	Y 2013
Dr Pepper Snapple Group Inc	DPS US	11:00	Annual General Meeting	Y 2013
Intel Corp	INTC US	11:30	Annual General Meeting	Y 2013
Autodesk Inc	ADSK US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.446
Dell Inc	DELL US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.346
Nordstrom Inc	JWN US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.759
Applied Materials Inc	AMAT US	Aft-mkt	Q2 2013 Earnings Release	Q2 2013	0.13
Brocade Communications Systems Inc	BRCD US	Aft-mkt	Q2 2013 Earnings Release	Q2 2013	0.151
Questar Corp	STR US		Analyst Day - New York	Y 2013
Hasbro Inc	HAS US		ITC Hearing on Patent-Infrigement of Laminated Packaging
ACE Ltd	ACE US		Annual General Meeting	Y 2013
Lear Corp	LEA US		Annual General Meeting	Y 2013

WisdomTree Investments - Barchart's Chart of the Day

Summary;

WisdomTree Investments (WETF) is the Chart of the Day.  This popular investment management company has 100% technical buy signals and rose 9 time for a gain of 23.34% in the last month.

Article:

The Chart of the Day is WisdomTree Investments (WETF).  The stock has a Trend Spotter buy signal and 100% technical buy signals.  Since the Trend Spotter signaled a buy on 4/25 the stock is up 21.21%.  We found the stock by sorting the New High List for stock with the highest technical buy signals.

It operates as an exchange-traded funds (ETFs) sponsor and asset manager and offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. It develops index funds using its fundamentally weighted index methodology.

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
• 9 new highs and up 23.34% in the last month
• Relative Strength Index 71.85%
• Barchart computes a technical support level at 12.10
• Recently traded at 13.20 with a 50 day moving average of 10.81

Fundamental Factors:

• Market Cap $1.68 billion
• P/E 82.67
• Revenue projected to increase 76.60% this year and another 39.00% next year
• Earnings estimated to grow 227.30% this year, 36.10% next year and continue to compound at the annual rate of 62.70 for the next 5 years
• Wall Street analysts issued 4 strong buy and 1 hold recommendation
• Financial Strength B+

Hold till the stock drops below its 50 day moving average,

5 Small Cap Winners

Today list comes from using Barchart to sort the S & P 600 Small Cap index to find stocks with great Barchart technical buy signals.  The list includes Texas Industries (TXI), Treehouse Foods (THS), True Blue Inc (TBI), Schweitzer-Mauduit International (SWM) and Salix Pharmaceuticals (SLXP):

Texas Industries (TXI)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 28.37% in the last month
• Relative Strength Index 75.03%
• Barchart computes a technical support level at 67.37
• Recently traded at 72.35 with a 50 day moving average of 63.44

Treehouse Foods (THS)

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 6.55% in the last month
• Relative Strength Index 67.34%
• Barchart computes a technical support level at 63.68
• Recently traded at 66.20 with a 50 day moving average of 62.78

True Blue Inc (TBI)

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 12.58% in the last month
• Relative strength Index 72.10%
• Barchart computes a technical support level at 21.39
• Recently traded at 22.36 with a 50 day moving average of 20.73

Schweitzer-Mauduit International (SWM)

Barchart 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 15.75% in the last month
• Relative Strength Index 78.08%
• Barchart computes a technical support level at 43.94
• Recently traded at 44.80 with a 50 day moving average of 39.45

Salix Pharmaceuticals (SLXP)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 21.66% in the last month
• Relative Strength Index 86.45%
• Barchart computes a technical support level at 57.19
• Recently traded at 59.67 with a 50 day moving average of 51.19

Barchart Morning Call 5/15

BARCHART MORNING CALL

Wednesday, May 15th, 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 (ESM13 -0.11%) this morning are down -0.05% while European stocks are up +0.39% at a 1-3/4 year high after BOE Governor King predicted that a recovery for the UK economy was "in sight." European stocks shook off weaker-than-expected Q1 GDP reports from Germany and the Eurozone. Asian stocks closed mostly higher: Japan up +2.29%, Hong Kong +0.50%, China +0.55%, Taiwan +0.81%, Australia -0.56%, Singapore +0.26%, South Korea +0.12%, India +2.49%. Commodity prices are weaker as the dollar strengthens. June WTI crude oil (CLM13 -1.31%) is down -0.82%. June gasoline (RBM13 -0.16%) is up +0.09%, June natural gas (NGM13 +0.22%) is up +0.45%, June gold (GCM13 -1.12%)is down -1.10%, and July copper (HGN13 -1.48%) is down -1.09%. Agriculture prices are lower. The dollar index (DXY00 +0.45%) is up +0.45% at a 9-1/2 month high. EUR/USD (^EURUSD) is down -0.48% at a 1-1/4 month low after Eurozone Q1 GDP trailed estimates. USD/JPY (^USDJPY) is up +9.26% at a 4-1/2 year high. June 10-year T-note futures prices (ZNM13 -0.06%) are down -4 ticks.
Eurozone Q1 GDP fell -0/2% q/q and -1.0% y/y, weaker than expectations of -0.1% q/q and -0.9% y/y, as the recession extends to a record six quarters in the Eurozone.
German Q1 GDP rose +0.1% q/q and fell -0.2% y/y, weaker than expectations of +0.3% q/q and +0.2% y/y.
BOE Governor King declared that a UK recovery is now "in sight" after the BOE raised its Q2 GDP estimate to +0.5% from +0.3%, although he said "inflation was likely to remain above the central bank's 2% target for much of the next 2 years, although the risks around the target were broadly balanced in the latter part of the forecast period."
UK Mar ILO unemployment rate unexpectedly dropped -0.1 to 7.8% in the three months through Mar, better than expectations of unchanged at 7.9%.
UK Mar avg weekly earnings rose +0.4% 3-mo/year-over-year, weaker than expectations of +0.7% 3-mo/year-over-year, while Mar avg weekly earnings ex bonus roe +0.8% 3-mo/year-over-year, right on expectations.
UK Apr jobless claims fell -7,300, more than expectations of -3,000, while the Apr claimant count rate unexpectedly dipped to a 2-year low of 4.5%, weaker than expectations of unchanged at 4.6%.
Japan Apr consumer confidence unexpectedly slipped -0.3 to 44.5, weaker than expectations of a +0.7 increase to 45.5.
Japan's Mar tertiary industry index fell -1.3% m/m, weaker than expectations of -0.7% m/m.

U.S. STOCK PREVIEW

Today’s April PPI report is expected to show a -0.6% m/m decline, matching the -0.6% m/m decline seen in March. Today’s April industrial production report is expected to be weak at -0.1% m/m, losing a little ground after the +0.4% increase seen in March and the +1.1% increase seen in February. Looking ahead to the May manufacturing data, today’s May Empire manufacturing index is expected to show a 1 point increase to 4.0, stabilizing after the -6.2 point drop to 3.1 seen in April. Today’s May NAHB housing market index is expected to show a +1 point increase to 43, stabilizing after the -2 point drop to 42 seen in April. There are four of the S&P 500 companies that report earnings today: Deere (consensus $2.72), Macy's (0.53), Computer Sciences Corp (1.00), Cisco Systems (0.49).
Conferences during the remainder of this week include BMO Capital Markets Farm to Market Conference on Tue/Wed, Credit Suisse Industrial & Environmental Services Conference on Tue/Wed, Oppenheimer Industrial Growth Summit on Wed, Citi Global Energy and Utilities Conference on Tue-Thu, JPMorgan Global Technology, Media and Telecom Conference on Tue-Thu, Bank of America Merrill Lynch Health Care Conference on Tue-Thu, Bank of America Merrill Lynch Global Transportation Conference on Wed-Thu, RBC Capital Markets Aerospace & Defense Conference on Wed/Thu, 15th Annual Medicaid and GP Congress on Wed/Thu, Morgan Stanley Refining Conference on Thu, 19th International Cash, Treasury and Risk for Finance Professionals in Asia Co on Wed-Fri, and Google Developers Conference on Wed-Fri.

OVERNIGHT U.S. STOCK MOVERS

Noble Energy (NBL +1.69%) was upgraded to "Buy" from "Hold" at Stifel with a price target of $140.
Morgan Stanley raised its price target on Google (GOOG +1.09%) to $996 from $932 and keeps an "Overweight" rating on the stock.
Discover (DFS +3.03%) reported April net charge-offs of 1.94% vs. 2.13% last month and an April delinquency rate of 1.65% vs. 1.73% in March.
Deere & Co. (DE +1.29%) tumbled 11% in pre-market trading after it reported Q2 EPS of $2.76, better than consensus of $2.72, but said global financial pressures, weather add caution to its outlook.
Northrop Grumman (NOC +1.81%) increased its dividend to 61 cents a share from 55 cents.
Polaris Industries (PII +1.42%) has been awarded a $382.5 million government contract for fire and emergency vehicles.
Safeway (SWY +3.25%) announced that it will increase to its regular quarterly cash dividend from 17.5 cents per share to 20 cents per share.
Pandora (P +6.82%) fell 4% in pre-market trading after the WSJ reported that Google (GOOG +1.09%) will launch a a paid, Spotify-like music streaming service.
Agilent (A +2.16%) lowered guidance on fiscal 2013 to $2.70-$2.85, below consensus of $2.88, and said it will initiate a restructuring program that is expected to cut approximately 450 regular employees, or approximately 2% of its global workforce.
Apollo Investment (AINV +0.91%) fell over 3% in after-hours trading after it filed to sell 18 million shares of common stock.

MARKET COMMENTS

June E-mini S&Ps (ESM13 -0.11%) this morning are down slightly by -0.75 of a point (-0.05%). The S&P 500 index on Tuesday surged to a fresh all-time high on increased global economic optimism. Financial stocks led the rally after well-known hedge-fund manager David Tepper said U.S. banks are “a good sector.” Stocks also found support from a rally in European shares after Eurozone Mar industrial production rose +1.0% m/m, stronger than expectations of +0.5% m/m, and on reduced European sovereign debt concerns after Fitch upgraded Greece’s IDR to B- from CCC. Closes: S&P 500 +1.01%, Dow Jones +0.82%, Nasdaq 100 +0.47%.
June 10-year T-notes (ZNM13 -0.06%) this morning are down -4 ticks. June 10-year T-note futures prices on Tuesday closed lower as the 10-year T-note yield rose to a 1-1/2 month high of 1.961%. Safe-haven demand for Treasuries was reduced when the S&P 500 posted another record high and after Fitch upgraded Greece. Another negative was hawkish commentary from Philadelphia Fed President Plosser who said the Fed should curtail bond purchases as early as its next FOMC meeting. Closes: TYM3 -8.0, FVM3 -3.0.
The dollar index (DXY00 +0.45%) this morning is up +0.379 (+0.45%) at a new 9-1/2 month high. EUR/USD (^EURUSD) is down -0.0062 (-0.48%) at a 1-1/4 month low and USD/JPY (^USDJPY) is up +027 (+0.26%) at a fresh 4-1/2 year high. The dollar index on Tuesday climbed to a 9-1/2 month high and closed higher on increased optimism about the U.S. economic outlook. EUR/USD was undercut after German May ZEW economic sentiment rose less than expected, while USD/JPY posted a fresh 4-1/2 year high of 102.43 yen per dollar as the aggressive easing program by the BOJ continues to pressure the yen. Closes: Dollar index +0.318 (+0.16%), EUR/USD -0.00551 (-0.42%), USD/JPY +0.573 (+0.56%).
June WTI crude oil (CLM13 -1.31%) this morning is down -77 cents a barrel (-0.82%) and June gasoline (RBM13 -0.16%) is up +0.025 of a cent a gallon (+0.09%). June crude oil and gasoline on Tuesday settle mixed. A rally in the S&P 500 to a record high was a supportive factor, along with the IEA’s hike in its 2013 global oil demand forecast by +65,000 barrels a day to 90.6 million barrels a day. Bearish factors included strength in the dollar and expectations for weekly IEA crude inventories to increase by +400,000 bbls Wednesday to an 82-year high. Closes: CLM3 -0.96 (-1.01%), RBM3 +0.0166 (+0.59%).

GLOBAL EVENT CALENDAR05/15/2013

US	0700 ET	Weekly MBA mortgage applications, previous +7.0% with the purchase mortgage sub-index up +2.4% and the refi sub-index up +8.3%.
	0830 ET	May Empire manufacturing index expected +0.95 to 4.00, Apr -6.19 to 3.05.
	0830 ET	Apr PPI expected -0.6% m/m and +0.8% y/y, Mar -0.6% m/m and +1.1% y/y, Apr PPI ex food & energy expected +0.1% m/m and +1.7% y/y, Mar +0.2% m/m and +1.7% y/y.
	0915 ET	Apr industrial production expected -0.1%, Mar +0.4%. Apr capacity utilization expected -0.2 at 78.3%, Mar 78.5%.
	1000 ET	May NAHB housing market index expected +1 to 43, Apr -2 to 42.
	1030 ET	EIA Weekly Petroleum Status Report.
JPN	0100 ET	Japan Apr consumer confidence expected +0.7 to 45.5, Mar 44.8.
	1950 ET	Japan Q1 GDP expected +0.7% q/q and +2.7% annualized, Q4 unch q/q and +0.2% annualized. Q1 GDP deflator expected -0.9% y/y, Q4 -0.7% y/y.
GER	0200 ET	German Q1 GDP expected +0.3% q/q and +0.2% y/y, Q4 -0.6% q/q and +0.4% y/y.
UK	0430 ET	UK Apr jobless claims change expected -3,000, Mar -7,000. Apr claimant rate count expected unch at 4.6%, Mar 4.6%.
	0430 ET	UK Mar avg weekly earnings expected +0.7% 3-mo/year-over-year, Feb +0.8% 3-mo/year-over-year. Mar avg earnings ex-bonus expected +0.8% 3-mo/year-over-year, Feb +1.0% 3-mo/year-over-year.
	0430 ET	UK Mar ILO unemployment rate expected unch at 7.9% 3-mo, Feb 7.9% 3-mo.
	0530 ET	BOE releases inflation report.
EUR	0500 ET	Eurozone Q1 GDP expected -0.1% q/q and -0.9% y/y, Q4 -0.6% q/q and -0.9% y/y (sa).

U.S. STOCK CALENDAR05/15/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Deere & Co	DE US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	2.72
Macy's Inc	M US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.532
Northrop Grumman Corp	NOC US	8:00	Annual General Meeting	Y 2013
Computer Sciences Corp	CSC US	8:00	Q4 2013 Earnings Release	Q4 2013	0.999
PPL Corp	PPL US	10:00	Annual General Meeting	Y 2013
Deere & Co	DE US	10:00	Q2 2013 Earnings Call	Q2 2013
State Street Corp	STT US	10:00	Annual General Meeting	Y 2013
Macy's Inc	M US	10:30	Q1 2014 Earnings Call	Q1 2014
Xcel Energy Inc	XEL US		Investor Meeting - New York - Day 3	Y 2013
Halliburton Co	HAL US		Annual General Meeting	Y 2013

Wet Seal - Barchart's Chart of the Day

Summary:

Wet Seal (WTSL) is the Chart of the Day.  This popular apparel and accessories retailer has had 9 new highs and advanced 24.29% in just the last month.  Wall Street has already discovered the stocks and  issued positive recommendations.

Article:

The Chart of the Day is Wet Seal (WTSL).  The stock has the backing of Wall Street analysts and both 100% technical buy signals as well as a Trend Spotter buy signal. Since the Trend Spotter signaled a buy on 4/11 the stock is up almost 36%. I found the stock by sorting the New High list for technical buy signals.

It is a nationwide specialty retailer of fashionable and contemporary apparel and accessory items designed for consumers with a young, active lifestyle. The company operates stores under the following names: Contemp Casual; Wet Seal; Arden B. ; and Limbo Lounge. The company also operates a catalog and an e-commerce under Blue Asphalt brand name.

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
• 9 new highs and up 24.29% in the last month
• Relative strength Index 88.03%
• Barchart computes a technical support level at 3.77
• Recently traded at 3.94 with a 50 day moving average of 3.16

Fundamental factors:

• Market Cap $353..06
• Revenue projected to increase by 8.50% next year
• Revenue estimated to increase 72.70% this year, 316.70% next year and continue to compound at the rate of 48.00% for the next 5 years
• Wall Street analysts  issued 2 strong buy and 2 hold recommendations on this stock
• Financial Strength B

Exit if the stock drops below its 50 day moving average.

5 Mid Cap Winners

Today's list comes from using Barchart to sort the S & P 400 Mid Cap Index for the stock having the best Barchart technical buy signals.  The list includes Wabtec (WA), Universal Corp (UVV), Omega Healthcare Investors (OHI), Kansas City Southern (KSU) and Henry Schein (HSIC).

Wabtec (WAB)

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 5.97% in the last month
• Relative strength Index 69.41%
• Barchart computes a technical support level at 104.65
• Recently traded at 108.47 with a 50 day moving average of 101.45

Universal Corp (UVV)

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 5.78% in the last month
• Relative Strength Index 71.49%
• Barchart computes  a technical support level at 58.08
• Recently traded at 61.05 with a 50 day moving average of 56.64

Omega Healthcare Investors (OHI):

Barchart 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 10.65% in the last month
• Relative Strength Index 72.81%
• Barchart computes a technical support level at 34.31
• Recently traded at 35.85 with a 50 day moving average of 31.44

Kansas City Southern (KSU)

Barchrt 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 7.53% in the last month
• Relative Strength Index 68.40%
• Barchart computes a technical support level at 107.96

Henry Schein (HSIC)

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 3.81% in the last month
• Relative Strength Index 72.45%
• Barchart computes a technical support level at 93.42
• Recently traded at 95.34 with a 50 day moving average of 90.99

Vistaprint - Barchart's Chart of the Day

Summary:

Vistaprint (VPRT) is the Chart of the Day.  The stock was at the top of the New High List when sorted for technical buy signals.  The stock has 100% technical buy signals and advanced 9 times for a gain of 17.47% in the last month.

Article:

The Chart of the Day is Vistaprint (VPRT) with 100% technical buy signals and a Trend spotter buy signal.  The stock has a Relative Strength Index of 72.74% plus it advanced 9 times for a gain of 17.47% in the last month. Since the Trend Spotter signaled a buy on 3/11 the stock is up 18.04%. The stock was found by sorting the New High list for stocks with the best technical buy signals.

The Company is an online provider of coordinated portfolios of marketing products and services to small businesses globally. It provides small businesses and consumers with the easiest way to make an impression at the best price. With a unique business model supported by proprietary technologies, high-volume production facilities, and direct marketing expertise, Vistaprint offers a wide variety of products for both small businesses and the home.

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
• 9 new highs and up 17.47% in the last month
• Relative Strength Index 72.74%
• Barchart computes a technical support level at 44.09
• Recently traded at 46.06 with a 50 day moving average of 39.44

Fundamental factors:

• Market Cap $1.55 billion
• P/E 41.76
• Revenue projected to grow 13.80% this year and another 10.90% next year
• Earnings estimated to increase 5.60% this year, an additional 22.30% next year and continue to increase 20.56% annually for the next 5 years
• Wall Street analysts issued 1 strong buy, 6 hold and 1 sell recommendation
• Financial Strength B+

Sell if the stock trades below its 50 day moving average.

5 Large Cap Winners

Today list comes from using Barchart to sort the S & P 500 Large Cap Index to find 5 stocks with the highest technical buy signals.  The list includes Whirlpool (WHR), Stryker (SYK), Priceline.com (PCLN), News Corp (NWSA) and Micron Technology (MU):

Whirlpool (WHR)

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 6.56% in the last month
• Relative Strength Index 65.34%
• Barchart computes a technical support level at 123.88
• Recently traded at 126.30 with a 50 day moving average of 117.23

Stryker (SYK)

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 3.16% in the last month
• Relative Strength Index 71.31%
• Barchart computes a technical support level at 66.36
• Recently traded at 68.60 with a 50 day moving average of 65.64

Priceline.com (PCLN)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 4.37% in the last month
• Relative Strength Index 73.52%
• Barchart computes a technical support level at 731.36
• Recently traded at 774.87 with a 50 day moving average of 709.93

News Corp (NWSA)

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 5.90% in the last month
• Relative Strength Index 70.39%
• Barchart computes a technical support level at 32.83
• Recently traded at 33.38 with a 50 day moving average of 30.96

Micron Technology (MU)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 6.54% in the last month
• Relative Strength Index 68.20%
• Barchart computes a technical support level at 10.47
• Recently traded at 10.66 with a 50 day moving average of 9.54

Pearson PLC (PSO) - Financial Times Fails again

In Charlotte , North Carolina The Financial Times owned by Pearson PLC (PSO) failed to deliver the news 6 times out of the last 7 delivery days.  Some times a day late, several times 3 days late, often not at all. They also do not answer email inquiries about delivery problems.


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