Friday, August 23, 2013

Official Payments - Barchart's Chart of the Day

Summary:

Official Payments (OPAY) is the Chart of the Day. The stock is up over 108.52% for the last year and has both a Trend Spotter buy signal and 80% technical buy signals.

Article:

Today's Chart of the Day is Official Payments (OPAY) - formerly Tier Technologies. The stock advanced 27.02% in the last quarter and in the past year hit 40 new highs, I found the stock by sorting the New High List for frequency.

It is a provider of electronic payment solutions in the biller direct market. The company provides enhanced electronic payment services that include multiple payment choices, payment channels, and bill payment products and services. They serve clients in multiple markets including federal, state, and local governments, educational institutions, and utilities. Consumers may pay federal taxes, state and local taxes, property taxes, and other bills such as utilities and college tuition with credit cards, debit cards, electronic checks and alternative payment methods via online, telephone, point of sale and other channels.

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:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 17.18% in the last month
Relative Strength Index 81.21%
Barchart computes a technical support level at 7.92
Recently traded at 8.32 with a 50 day moving average of 7.24

Fundamental factors:

Market Cap $139.11 million
Revenue projected to grow 5.00% this year and another 7.90% next year
Earnings estimated to increase 72.20% this year, an additional 300.00% next year and continue to compound at an annual rate of 15.00% for the next 5 years
The single analysts issuing report on this stock has it at a strong buy
Financial Strength B-

This stock is already up over 100% in the past year so watch your moving averages and sell if it drops below its 50 day moving average.

Disclosure: I do own this stock.

Thursday, August 22, 2013

Benchmark Electronic - Chart of the Day

Summary:

Benchmark Electronics (BHE) is a confusing stock for a confusing day. Although analysts don't like the stock it's up 41.55% in the last year.

Article:

Today's Stock of the Day is Benchmark Electronics (BHE) - an NYSE stock. Today I made sure to stay away from NASDAQ stocks so when I sorted the New High List for frequency I left them off the list. During the last quarter the stock advanced in 29 sessions for a gain of 18.83%

It provides contract electronics manufacturing and design services to original equipment manufacturers in select industries, including medical devices, communications equipment, industrial and business computers, testing instrumentation and industrial controls. They specialize in manufacturing high quality, technologically complex printed circuit board assemblies with computer-automated equipment using surface mount and pin-through-hole interconnection technologies for customers requiring low to medium volume production runs.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 6.92% in the last month
Relative Strength Index 65.88%
Barchart computes a technical support level at 22.37
Recently traded at 23.03 with a 50 day moving average of 21.27

Fundamental factors:

Market Cap $1.25 billion
P/E 19.43
Revenue projected to be down 2.60% this year but up 5.50 next year
Earnings estimated to be down 1.70% this year, up 18.50% next year and continue to grow by 9.98% annually for the next 5 years
Wall Street analysts issued 3 hold and 3 sell recommendations
Financial Strength B+

OK, this is an odd one. Normally if a stock has projections of rising revenue and earnings plus analysts endorsement it goes up. Here we have a stock that is going up fine in spite of weak revenue and earnings projection and no buy recommendations from analysts. If you get in be careful and watch the technicals especially the 50 day moving average and the 14 day turtle channel for technical weaknesses.

6 not 5 NASDAQ 100 Stars

Today I used Barchart to sort the NASDAQ 100 Index to find the stocks with the most new highs in the last month. The list was surprisingly weak so I sorted further for the stocks that also had positive gains for both the last 5 and 30 days. The list includes Apple (AAPL), Dell (DELL), Facebook (FB), Rangold Resources (GOLD), Celgene (CELG) and for extra measure Garmin (GRMN):

Apple (APPL)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 18.22% in the last month
Relative Strength Index 73.17%
Barchart computes a technical support level at 497.62
Recently traded at 502.36 with a 50 day moving average of 441.03

Dell (DELL)

Barchart technical indicators:

64% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 4.95% in the last month
Relative Strength Index 64.08%
Barchart computes a technical support level at 13.76
Recently traded at 13.79 with a 50 day moving average of 13.35

Facebook (FB)

Barchart technical indicators:

88% Barchart technical buy signals
Trend spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 48.07% in the last month
Relative Strength Index 71.31%
Barchart computes a technical support level at 37.74
Recently traded at 38.32 with a 50 day moving average of 29.95

Rangold Resources (GOLD)

Barchart technical indicators:

64% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 10.14% in the last month
Relative Strength Index 57.72%
Barchart computes a technical support level at 75.86
Recently traded at 77.46 with a 50 day moving average of 69.94

Celgene (CELG)

Barchart technical indicators:

16% Barchart technical buy signals
Trend Spotter hold
Above its 50 and 20 day moving average but below its 20 day moving average
Up for the last 5 days but even for the month
Relative Strength Index 51.71
Barchart computes a technical support level at 132.33
Recently traded at 137.57 with a 50 day moving average of 130.96

Garmin (GRMN)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs and up 9.75% in the last month
Relative Strength Index 65.82%
Barchart computes a technical support level at 37.56
Recently traded at 40.28 with a 50 day moving average of 36.87

Barchart Morning Call 8/22

Barchart Morning Call

BC - 1 hr 40 mins ago

Article
Comments (0)

OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU13 +0.38%) this morning are up +0.40% and European stocks are up +1.15% after better-than-expected manufacturing data in China and Europe signal strength in the global economy. Asian stocks closed mostly lower: Japan -0.44%, Hong Kong +0.36%, China -0.20%, Taiwan -0.23%, Australia -0.48%, Singapore -0.63%, South Korea -0.87%, India +2.27%. Commodity prices are mostly higher. Oct crude oil (CLV13 +0.33%) is up +0.48% and Oct gasoline (RBV13 +0.16%) is up +0.21%. Dec gold (GCZ13 -0.18%) is down -0.26%, and Sep copper (HGU13 +1.62%) is up +1.77%. Agricultural and livestock prices are lower as field samples taken from the ongoing Pro Farmers of America Midwest Crop Tour signal better-than-expected U.S. corn and soybean yields. The dollar index (DXY00 +0.54%) is up +0.56%. EUR/USD (^EURUSD) is down -0.30% and USD/JPY (^USDJPY) is up +1.00%. Most emerging market currencies plunged after the July 30-31 FOMC meeting minutes signaled the Fed will begin cutting stimulus next month, which boosted the dollar and exacerbates capital outflows out of emerging market countries. India's rupee fell to a record low 65.56 against the dollar, Thailand's baht and the Malaysian ringgit dropped to 3-year lows, while the Indonesian rupiah sank to a 4-year low against the dollar. September T-note prices (ZNU13 -0.45%) are down -15.5 ticks as the 10-year T-note yield climbed overnight to a fresh 2-year high of 2.93%.
The China HSBC Aug flash manufacturing PMI rose +2.4 points from July to 50.1, stronger than expectations of +0.5 to 48.2 and the first reading since April above the 50.0 level that divides contraction from expansion.
The German Aug PMI manufacturing index rose +1.3 points from July to 52.0, stronger than expectations of +0.4 to 51.1 and the fastest pace of expansion in 2 years.
The Eurozone PMI composite index climbed +1.2 points from July to 51.7, better than expectations of +0.4 to 50.9 and its fastest pace of expansion in over 2 years.
The revised Japan July machine tool orders were revised slightly lower to -12.2% y/y from the originally reported -12.1% y/y.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show an increase of +10,000 to 330,000, reversing part of last week’s decline of -15,000 to 320,000. Meanwhile, continuing claims are expected to fall by -4,000 to 2.965 million, adding to last week’s decline of -54,000 to 2.969 million. Today’s June FHFA house price index is expected to show a +0.6% m/m increase, adding to the +0.7% increase seen in May. Today’s July leading indicators report is expected to show a solid gain of +0.5% after June’s report of unchanged. The Treasury today will sell $16 billion in 5-year inflation-protected TIPS securities. The 3-day Kansas City Fed monetary conference in Jackson Hole, Wyoming begins today. There are 15 of the S&P 500 companies that report earnings today: Hormel (consensus $0.45), Patterson (0.48), Dollar Tree (0.57), Sears Holdings (-1.07), Abercrombie & Fitch (0.29), Toro ($0.59), Gap (0.64), Ross Stores (0.93), MICROS Systems (0.62), Autodesk (0.42), Nordson (1.05), Solera Holdings (0.66), Pandora (0.02), Marvell Technology Group (0.19), GameStop (0.04). Equity conferences during the remainder of this week include the Raymond James Bank Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Microsoft (MSFT -0.03%) was upgraded to "Buy" from "Neutral" at Nomura.
Dollar Tree (DLTR -0.31%) reported Q2 EPS of 56 cents, lower than consensus of 57 cents.
Target (TGT -3.61%) was downgraded to "Underperform" from "Market Perform" at William Blair.
Marathon Oil (MRO -1.35%) was upgraded to "Outperform" from "Market Perform" at Raymond James.
Sears Holdings (SHLD +4.04%) reported a Q2 adjusted EPS loss of -$1.46, a wider loss than consensus of -$1.10
Abercrombie & Fitch (ANF -3.51%) reported Q2 EPS of 16 cents, well below consensus of 29 cents.
Patterson (PDCO -0.53%) reported Q1 EPS of 45 cents, weaker than consensus of 48 cents.
Hormel Foods (HRL -1.57%) reported Q3 EPS of 42 cents, lower than consensus of 45 cents.
Yahoo! (YHOO -0.22%) is up over 1% in pre-market trading after data from ComScore showed that Yahoo attracted 196 million Web visitors in July, 4.3 million more than Google (GOOG +0.45%) and the first time in 2-years that Yahoo's Web traffic has surpassed Google.
Kratos Defense (KTOS +3.39%) announced that it was awarded a Blanket Purchase Agreement with an estimated value of $6 billion to provide Continuous Monitoring as a Service to the Department of Homeland Security as part of the Continuous Diagnostics and Mitigation Program.
Hewlett-Packard (HPQ -1.78%) fell over 7% in after-hours trading after it reported Q3 EPS of 86 cents, right on consensus, but gave guidance on fiscal 2013 EPS of $3.53-$3.57, below consensus of $3.57 and said demand in China is soft 'across the board.'
Synopsys (SNPS -1.22%) reported Q3 EPS of 55 cents, better than consensus of 54 cents, and gave guidance on fiscal 2013 EPS of $2.42 - $2.44, better than consensus of $2.42.
Bloomberg reported that Wells Fargo (WFC -0.54%) will cut 2,300 mortgage lending jobs.
Hain Celestial (HAIN -1.30%) reported Q4 adjusted EPS of 65 cents, stronger than consensus of 62 cents.
LTD Brands (LTD -1.34%) reported Q2 EPS of 61 cents, better than consensus of 60 cents.

MARKET COMMENTS

Sep E-mini S&Ps (ESU13 +0.38%) this morning are up +6.50 points (+0.40%) as they recover from a 1-1/2 month low overnight on stronger-than-expected manufacturing data from China and Europe. The S&P 500 index on Wednesday fell to a 1-1/2 month low and closed lower on concern the Fed will cut stimulus measures next month after the July 30-31 FOMC minutes stated that Fed officials were "broadly comfortable" with Fed Chairman Bernanke's timeline for moderating "the pace of its securities purchases later this year." Stocks failed to garner much support from the +6.5% increase in July existing home sales, better-than-expectations of +1.0% and their best level in 3-1/2 years. Closes: S&P 500 -0.58%, Dow Jones -0.70%, Nasdaq 100 -0.35%.
Sep 10-year T-notes (ZNU13 -0.45%) this morning are down -15.5 ticks as the 10-year T-note yield rose to a new 2-year high overnight at 2.93%. Sep 10-year T-note prices on Wednesday fell to a 1-1/2 month low and closed lower after the July 30-31 FOMC meeting minutes showed that Fed members expressed support for Fed Chairman Bernanke's timeline to cut bond buying later this year. Another negative for T-note prices was the larger-than-expected increase in U.S. July existing home sales that rose to their fastest pace in 3-1/2 years. Closes: TYU3 -14.50, FVU3 -9.75.
The dollar index (DXY00 +0.54%) this morning is up +0.453 (+0.56%). EUR/USD (^EURUSD) is down -0.0040 (-0.30%) and USD/JPY (^USDJPY) is up +0.98 (+1.00%). The dollar index on Wednesday closed higher. Bullish factors included (1) the larger-than-expected +6.5% increase in U.S. July existing home sales to the fastest pace in 3-1/2 years and (2) the July 30-31 FOMC minutes in which Fed members expressed support for a cut in the dollar-negative QE3 program. Closes: Dollar index +0.307 (+0.38%), EUR/USD -0.00618 (-0.46%), USD/JPY +0.419 (+0.43%).
Oct WTI crude oil (CLV13 +0.33%) this morning is up +50 cents (+0.48%) and Oct gasoline (RBV13 +0.16%) is up +0.0060 (+0.21%). Oct crude oil and gasoline prices on Wednesday settled mixed. Crude prices fell to a 1-week low on a stronger dollar and on concern the Fed will cut stimulus next month, which may reduce economic growth and demand for crude. Supportive factors included (1) the -4.029 plunge in weekly EIA gasoline inventories to a 3-month low of 218.4 million bbl, a bigger decline than expectations of -1.5 million bbl draw, and (2) the -1.09 million bbl decline in crude oil stockpiles at Cushing, OK, the delivery point for WTI futures, to a 17-month low of 37.425 million bbl. Closes: CLV3 -1.26 (-1.20%), RBV3 unchanged.

GLOBAL EVENT CALENDAR08/22/2013

US	0830 ET	Weekly initial unemployment claims expected +10,000 to 330,000, previous -15,000 to 320,000. Weekly continuing claims expected -4,000 to 2.965 million, previous -54,000 to 2.969 million.
	0830 ET	USDA weekly Export Sales.
	0900 ET	Jun FHFA purchase only house price index expected +0.6% m/m, May +0.7% m/m. Q2 house price purchase index expected +2.45% q/q, Q21 +1.95% q/q.
	1000 ET	July leading indicators expected +0.5%, Jun unch.
	1100 ET	Treasury announces amounts of 2-year T-notes (previous $35 billion, 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Aug 27-29.
	1300 ET	Treasury auctions $16 billion 5-year TIPS.
	1400 ET	Dallas Fed President Richard Fisher speaks at the U.S. Manufacturing Summit in Orlando, FL.
	1500 ET	USDA July Cold Storage.
	n/a	Annual Kansas City Fed Jackson Hole Summit begins (Thu-Sat).
JPN	0200 ET	Revised Japan July machine tool orders, previous -12.1% y/y.
GER	0330 ET	German Aug PMI manufacturing expected +0.4 to 51.1, July 50.7. Aug PMI services expected +0.4 to 51.7, July 51.3.
EUR	0400 ET	Eurozone Aug PMI composite expected +0.4 to 50.9, July 50.5.

U.S. STOCK CALENDAR08/22/2013

Company Name	Company Ticker	Time	Event Description	Period	Estimate
Hormel Foods Corp	HRL US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.45
Patterson Cos Inc	PDCO US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.481
Dollar Tree Inc	DLTR US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.572
Sears Holdings Corp	SHLD US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	-1.067
Abercrombie & Fitch Co	ANF US	7:00	Q2 2014 Earnings Release	Q2 2014	0.291
Abercrombie & Fitch Co	ANF US	8:00	Q2 2014 Earnings Call	Q2 2014
Toro Co/The	TTC US	8:30	Q3 2013 Earnings Release	Q3 2013	0.59
Hormel Foods Corp	HRL US	9:00	Q3 2013 Earnings Call	Q3 2013
L Brands Inc	LTD US	9:00	Q2 2014 Earnings Call	Q2 2014
Dollar Tree Inc	DLTR US	9:00	Q2 2014 Earnings Call	C2 2014
Dollar Tree Inc	DLTR US	9:00	Q2 2014 Earnings Call	Q2 2014
Patterson Cos Inc	PDCO US	10:00	Q1 2014 Earnings Call	Q1 2014
Toro Co/The	TTC US	11:00	Q3 2013 Earnings Call	Q3 2013
GameStop Corp	GME US	11:00	Q2 2014 Earnings Call	Q2 2014
Medtronic Inc	MDT US	11:30	Annual General Meeting	Y 2013
Gap Inc/The	GPS US	16:00	Q2 2014 Earnings Release	Q2 2014	0.638
Ross Stores Inc	ROST US	16:00	Q2 2014 Earnings Release	Q2 2014	0.931
MICROS Systems Inc	MCRS US	16:15	Q4 2013 Earnings Release	Q4 2013	0.624
Ross Stores Inc	ROST US	16:15	Q2 2014 Earnings Call	Q2 2014
MICROS Systems Inc	MCRS US	16:45	Q4 2013 Earnings Call	Q4 2013
Marvell Technology Group Ltd	MRVL US	16:45	Q2 2014 Earnings Call	Q2 2014
Gap Inc/The	GPS US	17:00	Q2 2014 Earnings Call	Q2 2014
Autodesk Inc	ADSK US	17:00	Q2 2014 Earnings Call	Q2 2014
Solera Holdings Inc	SLH US	17:00	Q4 2013 Earnings Call	Q4 2013
Pandora Media Inc	P US	17:00	Q2 2014 Earnings Call	Q2 2014
Autodesk Inc	ADSK US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.42
Nordson Corp	NDSN US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	1.045
Solera Holdings Inc	SLH US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.659
Pandora Media Inc	P US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.02
Marvell Technology Group Ltd	MRVL US		Q2 2014 Earnings Release	Q2 2014	0.192
GameStop Corp	GME US		Q2 2014 Earnings Release	Q2 2014	0.043

Wednesday, August 21, 2013

Matador Resources - Chart of the Day

Summary:

Matador Resources (MTDR) is the Chart of the Day. The energy company is up 116.71% in the last 6 months and has a Trend Spotter buy signal.

Article:

The Chart of the Day is Matador Resources (MTDR). I found the stock by sorting the New High List for frequency. The stock was up in 15 of the last 20 trading sessions.

It is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas.

96% Barchart technical buy signals
Trend Spotter buy signals
Above its 20, 50 and 100 day moving averages
15 new highs and up 38.71% in the last month
Relative Strength Index 80.21%
Barchart computes a technical support level at 15.53
Recently traded at 17.38 with a 50 day moving average of 12.97

Fundamental factors:

Market Cap $970.29 million
P/E 32.88
Revenue predicted to grow 48.20% this year and another 30.90% next year
Earnings estimated to increase 56.70% this year and an additional 10.50% next year
Wall Street analysts issued 4 strong buy and 2 hold recommendations

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

5 Great Small Caps

Even in wavy markets there are still some stocks that have positive momentum. Today I used Barchart to sort the S&P 600 Small Cap Index to find stocks with positive momentum, good technical indicators and great charts, The list today includes Akorn (AKRX), Bel Fuse BELFB), Ii-Vi (IIVI), Air Methods (AIRM) and Sonic (SONC):

Akorn (AKRX)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 18.14% in the last month
Relative Strength Index 75.34%
Barchart computes a technical support level at 15.94
Recently traded at 16.49 with a 50 day moving average of 14.29

Bel Fuse (BELFB)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signals
Above its 20, 50 and 100 day moving averages
11 new highs and up 22.93% in the last month
Relative strength Index 71.60%
Barchart computes a technical support level at 16.70
Recently traded at 17.80 with a 50 day moving average of 14.99

Ii-Vi (IIVI)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 13.12% in the last month
Relative Strength Index 71.81%
Barchart computes a technical support level at 19.25
Recently traded at 19.84 with a 50 day moving average of 17.64

Air Methods (AIRM)

Barchart technical indicators:

64% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 25.95% in the last month
Relative Strength Index 68.45%
Barchart computes a technical support level at 39.48
Recently traded at 42.00 with a 50 day moving average of 36.37

Sonic (SONC)

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 5.74% in the last month
Relative Strength Index 70.53%
Barchart computes a technical support level at 15.75
Recently traded at 16.27 with a 50 day moving average of 15.38

Barchart Morning Call 8/21

Barchart Morning Call

BC - Wed Aug 21, 6:44AM CDT

Article
Comments (0)

OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU13 -0.23%) this morning are down -0.32% and European stocks are down -0.40% ahead of the release of the minutes of the July 30-31 FOMC meeting. Asian stocks closed mixed: Japan +0.21%, Hong Kong -0.69%, China -0.17%, Taiwan closed because of the approach of Tropical Storm Trami, Australia +0.43%, Singapore -0.63%, South Korea -1.08%, India -1.86%. India's central bank said it will start buying government debt to pump funds into markets in an attempt to lower the surge in bond yields that threatens India's economy. Commodity prices are mostly lower. Oct crude oil (CLV13 -0.40%) is down -0.07% at a 1-week low and Oct gasoline (RBV13 +0.04%) is down -0.05%. Dec gold (GCZ13 -0.43%) is down -0.55%, and Sep copper (HGU13 -0.78%) is down -0.85%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.20%) is up +0.27%. EUR/USD (^EURUSD) is down -0.18% and USD/JPY (^USDJPY) is up +0.16%. September T-note prices (ZNU13 -0.04%) are down -1.5 ticks.
UK Aug CBI volume of total factory orders rose to 0 from -12 in July, better than expectations of -8 and its highest level in 2 years. Aug CBI average selling prices unexpectedly fell to 0 from 2 in July, weaker than expectations of an increase to 3 and its lowest level in a year.
UK July public sector net borrowing fell -1.6 billion pounds, the first decline in 6-months, but less than expectations of -5.0 billion pounds.
In an attempt to pump funds into the markets and rein in a surge in bond yields and slow the slide in the rupee, the Reserve Bank of India (RBI) said it will buy 80 billion rupees ($1.2 billion) of government bonds through open-market operations on Aug 23 and "thereafter calibrate them both in terms of quantum and frequency" based on market conditions. The RBI also said that sales of cash-management bills will be calibrated going forward, "including scaling it down as may be necessary." The rupee weakened to a record low of 64.465 per dollar today and the yield on India's 10-year bond rose to a 12-year high of 9.48% yesterday as capital outflows intensified. Global funds have cut holdings of Indian debt by $10 billion since May 22 when Fed Chairman Bernanke first mentioned the prospects of tapering Fed stimulus.

U.S. STOCK PREVIEW

Today’s July existing home sales report is expected to show an increase of +1.4% to what would be a new 3-1/2 year high of 5.15 million, more than reversing June’s -1.2% decline and taking out June’s current 3-1/2 year high of 5.14 million. The markets will assess today’s minutes from the July 30-31 FOMC meeting for any clues as to whether the Fed will start tapering QE3 as soon as the next FOMC meeting on Sep 17-18. There are 7 of the S&P 500 companies that report earnings today: Target (consensus $0.95), Staples (0.18), PetSmart (0.86), Lowe's (0.79), Limited Brands (0.03), JM Smucker ($1.20), Hewlett-Packard (0.86). Equity conferences during the remainder of this week include CRM Evolution Conference & Exhibition 2013 on Tue-Wed, Morgan Stanley Semiconductor & Semi-Cap Equipment Corporate Access Day on Wed, Citi One on One Midstream/Infrastructure Conference on Wed, and Raymond James Bank Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Tupperware Brands (TUP +0.20%) was downgraded to "Market Perform" from "Outperform" at BMO Capital.
Target (TGT -0.42%) reported Q2 adjusted EPS of $1.19, well ahead of consensus of 96 cents.
Staples (SPLS +2.62%) reported Q2 EPS of 16 cents, lower than consensus of 18 cents, and then lowered guidance on fiscal 2013 EPS to $1.21-$1.25 from $1.30-$1.35, weaker than consensus of $1.32.
JM Smucker (SJM +0.04%) reported Q1 EPS of $1.24, stronger than consensus of $1.20.
Bloomberg repoted that PG&E (PCG +0.85%) CEO Tony Earley said that the company may be pushed to the brink of bankruptcy if California state regulators impose a proposed $2.25 billion penalty against the company related to a 2010 pipeline explosion.
Textron (TXT -0.18%) has been awarded a $640.79 million U.S. government firm-fixed-price contract for 1,300 cluster bomb units for foreign military sales to Saudi Arabia.
The WSJ reports that German Finance Minister Wolfgang Schäuble says that Greece will need a third bailout.
Lowe's (LOW +0.94%) reported Q2 EPS of 88 cents, better than consensus of 79 cents, and also announced that CEO Mark Baker will resign.
La-Z-Boy (LZB +3.96%) rose over 1% in pre-market trading after it reported Q1 EPS of 18 cents, better than consensus of 15 cents.
Analog Devices (ADI +0.15%) reported Q3 EPS of 57 cents, better than consensus of 54 cents.
Intuit (INTU -0.44%) reported Q4 adjusted EPS of 0 cents, right on expectations, although Q4 revenue of $634 million was better than consensus of $622.95 million.
The Financial Times reported that Goldman Sachs (GS +0.59%) could face up to $100 million in losses after making erroneous trades across multiple options exchanges on Tuesday.

MARKET COMMENTS

Sep E-mini S&Ps (ESU13 -0.23%) this morning are down -5.25 points (-0.32%). The S&P 500 index on Tuesday rebounded from a 6-week low and closed mostly higher after better-than-expected quarterly earnings results from Best Buy, TJX and Urban Outfitters lifted retail stocks. Gains in stocks were limited ahead of Wednesday's release of the minutes of the July 30-31 FOMC meeting, which may shed some clarity on to when and how much the Fed may taper QE3. Closes: S&P 500 +0.38%, Dow Jones -0.05%, Nasdaq 100 +0.40%.
Sep 10-year T-notes (ZNU13 -0.04%) this morning are down -1.5 ticks. Sep 10-year T-note prices on Tuesday rebounded from Monday's 6-week low and closed higher. Short-covering and increased safe-haven demand for Treasuries boosted T-notes on concern that a Fed cut in stimulus may exacerbate capital outflows from emerging Asian markets that are already reeling after India's rupee fell to a record low and Indonesia's rupiah tumbled to a 4-year low against the dollar. Closes: TYU3 +18.0, FVU3 +9.25.
The dollar index (DXY00 +0.20%) this morning is up +0.215 (+0.27%). EUR/USD (^EURUSD) is down -0.0024 (-0.18%) and USD/JPY (^USDJPY) is up +0.16 (+0.16%). The dollar index on Tuesday slid to a 2-month low and closed lower. EUR/USD surged to a 6-1/4 month high as European investors repatriated funds from Asian markets back into euros as emerging market assets have slumped after India's rupee fell to a record low and Indonesia's rupiah tumbled to a 4-year low against the dollar. Closes: Dollar index -0.320 (-0.39%), EUR/USD +0.00827 (+0.62%), USD/JPY -0.297 (-0.30%).
Oct WTI crude oil (CLV13 -0.40%) this morning is down -7 cents (-0.07%) and Oct gasoline (RBV13 +0.04%) is down -0.0013 (-0.05%). Oct crude oil and gasoline prices on Tuesday closed mixed. Crude prices were undercut on concern a cut in Fed stimulus will reduce economic growth and demand for crude. Limiting declines were (1) the slide in the dollar index to a 2-month low and (2) expectations for weekly EIA gasoline stockpiles on Wednesday to drop -1.25 million bbl and for crude inventories to fall -1.25 million bbl to an 11-month low. Closes: CLV3 -1.75 (-1.64%), RBV3 +0.0145 (+0.51%).

GLOBAL EVENT CALENDAR08/21/2013

US	0700 ET	Weekly MBA mortgage applications, previous -4.7% with purchase sub-index -5.4% and refi sub-index -4.4%.
		1000 ET	July existing home sales expected +1.4% to 5.15 million, Jun -1.2% to 5.08 million.
		1030 ET	EIA Weekly Petroleum Status Report.
		1400 ET	Minutes of the July 30-31 FOMC meeting.
UK	0430 ET	UK July public sector net borrowing expected -5.0 billion pounds, Jun +10.2 billion pounds.
		0600 ET	UK Aug CBI trends total orders expected -8, July -12. Aug CBI trends selling prices expected 3, July 2.
CHI	2145 ET	China HSBC Aug flash manufacturing PMI expected +0.5 to 48.2, July 47.7.

U.S. STOCK CALENDAR08/21/2013

Company Name	Company Ticker	Time	Event Description	Period	Estimate
Target Corp	TGT US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.953
Staples Inc	SPLS US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.181
PetSmart Inc	PETM US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.857
Lowe's Cos Inc	LOW US	6:00	Q2 2014 Earnings Release	Q2 2014	0.793
Staples Inc	SPLS US	8:00	Q2 2014 Earnings Call	Q2 2014
JM Smucker Co/The	SJM US	8:30	Q1 2014 Earnings Call	Q1 2014
Lowe's Cos Inc	LOW US	9:00	Q2 2014 Earnings Call	Q2 2014
Yum! Brands Inc	YUM US	10:00	Investor & Analyst Meeting - Yum! Restaurants International (YRI)	Y 2012
PetSmart Inc	PETM US	10:00	Q2 2014 Earnings Call	Q2 2014
Target Corp	TGT US	10:30	Q2 2014 Earnings Call	Q2 2014
Life Technologies Corp	LIFE US	11:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2013
Hewlett-Packard Co	HPQ US	17:00	Q3 2013 Earnings Call	Q3 2013
L Brands Inc	LTD US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.595
JM Smucker Co/The	SJM US		Q1 2014 Earnings Release	Q1 2014	1.195
Hewlett-Packard Co	HPQ US		Q3 2013 Earnings Release	Q3 2013	0.864

Tuesday, August 20, 2013

H H Gregg - Chart of the Day

Summary:

H H Gregg (HGG) is the Chart of the Day. The home appliance retailer is up 158.40% in the last year and has a Weighted Alpha of 165.20+.

Article:

The Chart of the Day is H H Gregg (HGG). The stock was found by sorting the New High List for frequency then using the flipchart feature for reviewing the charts. The stock has Trend spotter buy and 96% technical buy signals.

They are a leading specialty retailer of premium video products, appliances, audio products and accessories and currently operates seventy nine stores in Alabama, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee.

96% Barchart technical buy signals
Trend spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 21.34% in the last month
Relative Strength Index 68.50%
Barchart computes a technical support level at 17.08%
Recently traded at 18.14 with a 50 day moving average of 16.13

Fundamental factors:

Market Cap $566.41 million
P/E 19.50
Revenue projected to grow 3.00% this year and another 2.80% next year
Earnings estimated to increase 24.30% this year, an additional 6.50% next year and continue to grow by 15.00% annually for the next 5 years
Wall Street analysts issued 11 hold and 1 sell recommendation

The stock should do well as the housing sector recovers. Watch the 50 day moving average and exit if it drops below it's 50 day moving average.

5 Mid Cap Picks

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the most frequent new highs, good technical indicators and solid charts. The list includes Dreamworks Animation (DWA), Alliance Data Systems (ADS), Scientific Games (SGMS), Deluxe Corp (DLX), Intersil (ISIL):

Dreamworks Animation (DWA)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 16.14% in the last month
Relative Strength Index 73.23%
Barchart computes a technical support level at 27.81
Recently traded at 28.92 with a 50 day moving average of 25.58

Alliance Data Systems (ADS)

Barchart technical indicators:

32% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 6.31% in the last month
Relative Strength Index 56.32%
Barchart computes a technical support level at 197.98
Recently traded at 200.71 with a 50 day moving average of 189.35

Scientific Games (SMS)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 12.92% in the last month
Relative Strength Index 70.18%
Barchart computes a technical support level at 14.60
Recently traded at 14.97 with a 50 day moving average of 12.80

Deluxe Corp (DLX)

Barchart technical indicators:

48% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 9.61% in the last month
Relative strength Index 66.58%
Barchart computes a technical support level at 41.88
Recently traded at 42.31 with a 50 day moving average of 38.32

Intersil (ISIL)

Barchart technical indicators:

64% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 24.91% in the last month
Relative strength Index 74.97%
Barchart computes a technical support level at 10.51
Recently traded at 10.78 with a 50 day moving average of 8.89

Barchart Morning Call 8/20

Barchart Morning Call

BC - Tue Aug 20, 6:46AM CDT

Article
Comments (0)

OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU13 +0.18%) this morning are down -0.02% at a 6-week low and European stocks are down -1.32%. Asian stocks closed lower: Japan -2.63%, Hong Kong -2.20%, China -0.81%, Taiwan -0.86%, Australia -0.67%, Singapore -1.40%, South Korea -1.51%, India -0.34%. Stocks and commodity prices are mostly lower on speculation the Fed will begin cutting its bond purchases next month. Expectations increased for the Fed to begin tapering QE3 after Richmond Fed President Lacker in a Richmond Times-Dispatch newspaper interview said that the benefits of more bond purchases by the Fed "are likely to be negligible." Oct crude oil (CLV13 -0.65%) is down -0.66% and Oct gasoline (RBV13 -0.38%) is down -0.49%. Dec gold (GCZ13 -0.06%) is down -0.10%, and Sep copper (HGU13 -0.26%) is down -0.26%. Agricultural and livestock prices are mostly lower. The dollar index (DXY00 -0.20%) is down -0.20% at a 1-week low. EUR/USD (^EURUSD) is up +0.33% at a 2-month high and USD/JPY (^USDJPY) is down -0.29%. September T-note prices (ZNU13 +0.40%) are up +19 ticks on short-covering from the recent rout that sent Treasury yields to a 2-year high on Monday.
German July PPI unexpectedly fell -0.1% m/m, weaker than expectations of a +0.2% m/m increase as producer prices have now fallen in 5 of the last 6 months. On an annual basis July PPI rose +0.5% y/y, a smaller increase than expectations of +0.7% y/y.
Eurozone Jun construction output rose +0.7% m/m, up from a revised +0.5% in May that was originally reported as a -0.3% m/m decline. Year-over-year, Jun construction output fell -3.0% y/y, the eighteenth straight month that construction output has declined an on annual basis.
Japan July nationwide department store sales fell -2.5% y/y from a +7.2% increase in Jun, the first decline in a year.
The Japan Jun all-industry activity index fell -0.6% m/m, its first decline in 6 months, although a smaller decline than expectations of -0.7% m/m.
In the minutes of its Aug 6 policy meeting, the Reserve Bank of Australia (RBA) said the direction of the currency will be important in setting policy and signaled that further interest-rate cuts remain a possibility. The minutes stated that "A rate cut remains possible should the business sentiment and the non-mining economy show no meaningful signs of picking up in the next few months, or if the Australian dollar unexpectedly rallies."

U.S. STOCK PREVIEW

There are no U.S. econonmic reports today. There are 7 of the S&P 500 companies that report earnings today: Home Depot (consensus $1.21), Best Buy (0.12), Medtronic (0.88), JC Penney (-1.07), TJX (0.63), Intuit (-0.01), Analog Devices (0.54). Equity conferences during the remainder of this week include CRM Evolution Conference & Exhibition 2013 on Tue-Wed, Morgan Stanley Semiconductor & Semi-Cap Equipment Corporate Access Day on Wed, Citi One on One Midstream/Infrastructure Conference on Wed, and Raymond James Bank Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Target (TGT -0.50%) and Wal-Mart (WMT -0.72%) were both downgraded to "Neutral" from "Positive" at Susquehanna.
Dick's Sporting (DKS +1.20%) reported Q2 EPS of 71 cents, weaker than consensus of 74 cents.
JC Penney (JCP -1.34%) reported a Q2 EPS loss of -$2.16, a bigger loss than consensus of -$1.01.
Best Buy (BBY +1.19%) jumped 11% in pre-market trading after it reported Q2 EPS of 32 cents, well ahead of consensus of 12 cents.
Home Depot (HD -0.23%) reported Q2 EPS of $1.24, better than consensus of $1.21.
Robert Kopple reported a 19.99% stake in Cardero Resource (CDY +13.33%) .
Perfect World (PWRD +2.49%) reported Q2 adjusted EPS of 33 cents, better than consensus of 30 cents.
Aegean Marine (ANW +1.11%) reported Q2 adjusted EPS of 13 cents, below consensus of 17 cents.
Facebook (FB +1.97%) was initiated with a "Buy" at Janney Capital with a price target of $50.
Urban Outfitters (URBN +0.45%) rose nearly 7% in after-hours trading after it reported Q2 EPS of 51 cents, stronger than consensus of 48 cents.
Bob Evans (BOBE -0.36%) reported Q1 EPS ex-charges of 58 cents, better than consensus of 57 cents, and raised its quarterly dividend to 31 cents from 27.5 cents.

MARKET COMMENTS

Sep E-mini S&Ps (ESU13 +0.18%) this morning are little changed, down -0.25 of a point (-0.02%). The S&P 500 index on Monday fluctuated on both sides of unchanged and closed lower as strength in technology stocks was offset by concern that the Fed may be closer to cutting stimulus. Technology stocks rallied after Piper Jaffray raised its rating on bellwether Intel to neutral from underweight. Another positive for stocks was carry-over support from a gain in Japanese stocks after Japan's July exports climbed +12.2% y/y, their fastest pace in 2-1/2 years. Closes: S&P 500 -0.59%, Dow Jones -0.47%, Nasdaq 100 -0.14%.
Sep 10-year T-notes (ZNU13 +0.40%) this morning are up +19 ticks. Sep 10-year T-note prices on Monday fell to a 6-week low and the 10-year T-note yield rose to a 2-year high of 2.89% on concern that Wednesday's FOMC minutes from the July 30-31 policy meeting will show Fed members favored a tapering of their bond buying. Another negative for T-note prices was carry-over bearishness from a slide in bund prices after the German bund 10-year yield rose to a 1-1/3 year high after the Bundesbank warned in its monthly report that the ECB could still raise interest rates if inflation pressures emerge. Closes: TYU3 -16.5, FVU3 -6.75.
The dollar index this morning is down -0.166 (-0.20%) at a 1-week low. EUR/USD (^EURUSD) is up +0.0044 (+0.33%) ata 2-month high and USD/JPY (^USDJPY) is down -0.28 (-0.29%). The dollar index on Monday closed little changed. EUR/USD received a boost after the Bundesbank warned in its monthly report that the ECB could still raise interest rates if inflation pressures emerge. Losses were limited in the dollar after the 10-year T-note yield rose to a 2-year high, which improves the dollar's interest rate differentials and may prompt increased foreign demand of dollar assets. Closes: Dollar index -0.031 (-0.04%), EUR/USD -0.0005 (-0.04%), USD/JPY +0.042 (+0.04%).
Oct WTI crude oil (CLV13 -0.65%) this morning is down -71 cents (-0.66%) and Oct gasoline (RBV13 -0.38%) is down -0.0139 (-0.49%). Oct crude oil and gasoline prices on Monday closed lower on concern the Fed will soon cut stimulus along with reduced threats of damage or loss of production at oil platforms and refineries in or near the Gulf of Mexico after the NWS said there was no tropical cyclone activity in the Atlantic basin. Losses remain limited on concern the ongoing civil unrest in Egypt may spread throughout the Middle East and lead to a disruption of the region’s oil supplies. Closes: CLV3 -0.43 (-0.40%), RBV3 -0.0301 (-1.06%).

GLOBAL EVENT CALENDAR08/20/2013

US	0830 ET	July Chicago Fed national activity index expected -0.10, Jun -0.13.
	1630 ET	API weekly U.S. oil statistics.
JPN	0030 ET	Japan Jun all industry activity index expected -0.7%, May +1.1% m/m.
	0130 ET	Japan July nationwide department store sales, Jun +7.2% y/y.
GER	0200 ET	German July PPI expected +0.2% m/m and +0.7% y/y, Jun unch m/m and +0.6% y/y.
EUR	0500 ET	Eurozone Jun construction output, May -0.3% m/m and -5.1% y/y.

U.S. STOCK CALENDAR08/20/2013

Company Name	Company Ticker	Time	Event Description	Period	Estimate
Home Depot Inc/The	HD US	6:00	Q2 2014 Earnings Release	Q2 2014	1.211
Best Buy Co Inc	BBY US	7:00	Q2 2014 Earnings Release	Q2 2014	0.12
Medtronic Inc	MDT US	7:15	Q1 2014 Earnings Release	Q1 2014	0.881
JC Penney Co Inc	JCP US	7:30	Q2 2014 Earnings Release	Q2 2014	-1.074
Best Buy Co Inc	BBY US	8:00	Q2 2014 Earnings Call	Q2 2014
Medtronic Inc	MDT US	8:00	Q1 2014 Earnings Call	Q1 2014
JC Penney Co Inc	JCP US	8:30	Q2 2014 Earnings Call	Q2 2014
Home Depot Inc/The	HD US	9:00	Q2 2014 Earnings Call	Q2 2014
TJX Cos Inc	TJX US	9:30	Q2 2014 Earnings Release	Q2 2014	0.632
TJX Cos Inc	TJX US	11:00	Q2 2014 Earnings Call	Q2 2014
Intuit Inc	INTU US	16:00	Q4 2013 Earnings Release	Q4 2013	-0.005
Intuit Inc	INTU US	16:30	Q4 2013 Earnings Call	Q4 2013
Analog Devices Inc	ADI US	17:00	Q3 2013 Earnings Call	Q3 2013
Analog Devices Inc	ADI US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.543