Saturday, August 31, 2013

Astronics COD 8-31

Summary:

Astronics (ATRO) is the Chart of the Day.  The returning aircraft electronics stock keeps going up and has gained 66.18% in the last year.



Article:

The Stock of the Day is Astronics (ATRO).  The stock was near the top of the New High List.  The stock was featured back on 6/10 but since then had a retracement and now is gaining momentum again.  The stock has both a Trend Spotter buy and 96% technical buy signals.

It is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. A major lighting and electronics supplier to the aircraft industry, its strategy is to expand from a components and subsystems supplier to an aircraft lighting systems integrator, increasing the value and content it provides to various aircraft platforms.



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
  • 13 new highs and up 12.17% in the last month
  • Relative Strength Index 75.25%
  • Barchart computes a technical support level at 45.90
  • Recently traded at 46.53 with a 50 day moving average of 41.70
Fundamental factors:
  • Market Cap $675.15
  • P/E 28.13
  • Revenue projected to increase 26.20% this year and another 25.10% next year
  • Earnings estimated to increase 39.30% this year, an additional 33.70% next year and continue to grow by 19.00% annually for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 buy recommendations
  • Financial Strength B++
Since the stock has bounced around please monitor the moving averages very closely and exit at signs of weakness,


Thursday, August 29, 2013

Bio Telemetry - Barchart's Chart of the Day

Summary:

Bio Telemetry (BEAT ) is the Chart of the Day.  This newly reorganized out patient management services company is up 285.02% this year and is a pure technical play.

Article:

The Chart of the Day is Bio Telemetry (BEAT) .  The stock was found by sorting the New High List for the stocks gaining the month in the last 3 months.  The stock had 21 advances and is up 214.38%.

BioTelemetry, Inc. provides ambulatory outpatient management solutions for monitoring clinical information regarding an individual's health. It is focused on the diagnosis and monitoring of cardiac arrhythmias, or heart rhythm disorders.


 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 54.14% in the last month
  • Relative Strength Index 69.50%
  • Barchart computes a technical support level at 7.88
  • Recently traded at 8.68 with a 50 day moving average of 6.84
Fundamental factors:
  • Reorganized recently
  • Market Cap $221.42 million
  • Revenue in the $120.00 million range
  • Still operating at a loss
  • Only 1 Wall Street broker has a buy recommendation
  • Financial Strength is C++
This is a very highly speculative technical play.  Too soon after its reorganization to make any fundamental projections.  Follow the 50 day moving average and turtle channel for signs of weakness.

NASDAQ 100 Quarterly Winners

We are nearing the Labor Day Holiday so I decided to do something a little different.  Today I used Barchart to sort the NASDAQ 100 Index to find the stocks that gained the most in the last 3 months. Those stock that in hindsight, I wish I had bought 3 months ago.  There seems to be a theme here and I bet you can see what it is.

The list includes Facebook (FB) up 77.82%, Baidu (BIDU) up 44.29%, Netflix (NFLX) up 33.99%, Priceline.com (PCLN) up 19.21% and Viacom Class B (VIAB):

Facebook (FB)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signals
  • 17 new highs and up 77.92% in the last 3 months
  • Relative Strength Index 72.30%
  • Barchart computes a technical support level at 39.46
  • Recently traded at 41.48 with a 50 day moving average of 31.91
Baidu (BIDU)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 44.29% in the last 3 months
  • Relative strength Index 64.43%
  • Barchart computes a technical support level at 131.47
  • Recently traded at 139.30 with a 50 day moving average of 117.55
Netflix (NFLX)


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 33.99% in the last 3 months
  • Relative Strength Index 69.60%
  • Barchart computes a technical support level at 272.99
  • Recently traded at 288.16 with a 50 day moving average of 249.01


Barchart technical indicators:
  • 56% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 19.21% in the last 3 months
  • Relative Strength Index 57.61%
  • Barchart computes a technical support level at 926.54
  • Recently traded at 943.38 with a 50 day moving average of 899.73




Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 16.72% in the last 3 months
  • Relative Strength Index 63.72%
  • Barchart computes a technical support level at 77.74%
  • Recently traded at 79.82 with a 50 day moving average of 73.88









Barchart Moring Call 8/29

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 +0.31%) this morning are up +0.11% and European stocks are little changed, down -0.02%. Asian stocks closed mostly higher: Japan +0.91%, Hong Kong +0.84%, China -0.42%, Taiwan +1.19%, Australia +0.10%, Singapore +1.13%, South Korea +1.30%, India +2.25%. Stocks received a lift and gold and crude oil prices fell after the prospects for imminent military strikes by the U.S. and its allies against Syria receded. The UK and France said that they favor waiting for the results of a UN investigation into alleged Syrian use of chemical weapons, while U.S. Defense Secretary Hagel said the U.S., which has evidence that the Syrian government was responsible for the chemical attacks, won't act without allies. Commodity prices are mostly lower. Oct crude oil (CLV13 -0.73%) is down -0.68% and Oct gasoline (RBV13 -0.81%) is down -0.25%. Dec gold (GCZ13 -0.50%) is down -0.49% and Sep copper (HGU13 -0.30%) is up +0.03%. Agricultural and livestock prices are mostly lower. The dollar index (DXY00 +0.50%) is up +0.53% at a 2-week high on expectations for U.S. Q2 GDP to be revised higher later this morning. EUR/USD (^EURUSD) is down -0.62% at a 2-week low after German unemployment unexpectedly increased. USD/JPY (^USDJPY) is up +0.51%. India's rupee rallied over 2% as it rebounded from a record low after the Reserve Bank of India said it will supply dollars to the country's top oil importers via foreign-exchange swaps in an attempt to cool demand for foreign exchange. The rupee fell to a record low against the dollar Wednesday on concern a surge in oil prices will worsen India's current account deficit at a time when the prospect of a cut in U.S. stimulus was already fueling capital outflows from India. September T-note prices (ZNU13 -0.06%) are little changed, up +0.5 of a tick.
German Aug unemployment unexpectedly rose by +7,000, the first increase in 3-months and worse than expectations of a -5,000 decline, while the Aug unemployment rate remained unchanged at 6.8%, right on expectations.
ECB Council member Nowotny, speaking at an event in Austria today, said that the fact that the Eurozone has returned to growth and that markets "are starting to work again" is no reason for the ECB to end its accommodative policy stance as "there are still very low growth rates and uncertainty is still high."
Japan July retail sales fell-1.8% m/m and -0.3% y/y, weaker than expectations of -1.0% m/m and +0.1% y/y, with the -1.8% m/m drop the biggest monthly decline in 2-years.
U.S. STOCK PREVIEW
Today’s initial unemployment claims report is expected to show a decline of -4,000 to 332,000, reversing part of last week’s increase of +13,000 to 336,000. Continuing claims are expected to fall -11,000 to 2.988 million, reversing part of last week’s increase of +29,000 to 2.999 million. There are 7 of the Russell 1000 companies that report earnings today: Campbell Soup (consensus $0.42), Golar LNG (0.20), Signet Jewelers (0.83), Pall Corp (0.89), Salesforce.com (0.07), Splunk (-0.03), Chimera Investment Corp (0.09). Equity conferences during the remainder of this week include Simmons European Energy Conference on Wed-Thu, Robert W. Baird & Co. Consumer Corporate Access Day on Thu, and 6th International Financial and Capital Markets Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Citigroup group keeps its "Buy" rating on Harley-Davidson (HOG +0.59%) and said the company's new motorcycles for 2014 should accelerate sales growth.
Signet Jewelers (SIG +2.98%) reported Q2 EPS ex-items of 90 cents, better than consensus of 83 cents.
Mohawk (MHK -1.51%) was upgraded to "Strong Buy" from "Outperform" at Raymond James.
AMC Networks (AMCX -0.57%) was upgraded to "Buy" from "Neutral" at B. Riley.
Pall Corp. (PLL +0.55%) reported Q4 EPS of 90 cents, better than consensus of 89 cents.
Campbell Soup (CPB -0.80%) reported Q4 EPS of 45 cents, stronger than consensus of 42 cents.
Shanda Games (GAME +3.88%) reported Q2 adjusted EPS of 24 cents, better than consensus of 20 cents.
The Fresh Market (TFM -0.09%) reported Q2 EPS of 32 cents, right on consensus, but lowered guidance on fiscal 2013 EPS to $1.50-$1.55, below consensus of $1.59.
Guess (GES +0.29%) surged 17% in after-hours trading after it reported Q2 adjusted EPS of 52 cents, well ahead of consensus of 36 cents.
S.A.C. Capital reported a 5.1% passive stake in Diamond Foods (DMND +0.92%) .
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 +0.31%) this morning are up +1.75 points (+0.11%). The S&P 500 index on Wednesday closed higher after a surge in crude oil to a 2-year high fueled a rally in energy companies. Stocks were undercut by an impending U.S.-led military strike against Syria and the weaker-than-expected -1.3% m/m drop in U.S. July pending home sales (vs expectations of unchanged). Closes: S&P 500 +0.27%, Dow Jones +0.33%, Nasdaq 100 +0.41%.
Sep 10-year T-notes (ZNU13 -0.06%) this morning are up +0.5 of a tick. Sep 10-year T-note prices on Wednesday closed lower as safe-haven demand from the Syrian crisis was offset by supply pressures from this week’s $98 billion T-note auction package. Another negative factor for T-note prices was weak demand for the Treasury’s $35 billion auction of 5-year T-notes, which had a bid-to-cover ratio of 2.38 that was well below the 12-auction average of 2.78. Closes: TYU3 -15.00, FVU3 -7.50.
The dollar index (DXY00 +0.50%) this morning is up +0.428 (+0.53%) at a 2-week high. EUR/USD (^EURUSD) is down -0.0083 (-0.62%) at a 2-week low and USD/JPY (^USDJPY) is up +0.50 (+0.51%). The dollar index on Wednesday closed higher as the prospects of U.S. military action against Syria boosted the safe-haven demand for the dollar. The dollar also received additional safe-haven demand from a plunge in emerging-market currencies after the Indian rupee and Turkish lira fell to record lows. Closes: Dollar index +0.265 (+0.33%), EUR/USD -0.00536 (-0.40%), USD/JPY +0.613 (+0.63%).
Oct WTI crude oil (CLV13 -0.73%) this morning is down -75 cents (-0.68%) and Oct gasoline (RBV13 -0.81%) is down -0.0074 (-0.25%). Oct crude oil and gasoline prices on Wednesday rallied sharply with Oct crude soaring to a 2-year high on concern the conflict in Syria will spread and threaten crude oil supplies from the Middle East. Crude prices came off of their best levels after weekly EIA crude stockpiles climbed +2.986 million bbl, well above expectations of +750,000 bbl, and after U.S. crude production rose +1.2% to 7.609 million barrels a day in the week ended Aug 23, a new 23-3/4 year high. Closes: CLV3 +1.09 (+1.00%), RBV3 +0.0489 (+1.68%).
GLOBAL EVENT CALENDAR08/29/2013
US0830 ETWeekly initial unemployment claims expected -4,000 to 332,000, previous +13,000 to 336,000. Weekly continuing claims expected -11,000 to 2.988 million, previous +29,000 to 2.999 million.
0830 ETRevised Q2 GDP expected +2.2% (q/q annualized), previous +1.7%. Q2 personal consumption expected +1.7%, previous +1.8%. Q2 GDP price index expected unrevised at +0.7%. Q2 core PCE expected unrevised at +0.8%.
0830 ETUSDA weekly Export Sales.
0850 ETSt. Louis Fed President James Bullard delivers welcoming remarks at the Leadership Memphis 2014 event.
1300 ETTreasury auctions $29 billion 7-year T-notes.
1400 ETRichmond Fed President Jeffrey Lacker speaks at Christopher Newport University on A Look Back at the History of the Federal Reserve.
1945 ETSt. Louis Fed President James Bullard will speak on the U.S. economy and monetary policy at the Community Development Foundation Center in Tupelo, MS.
GER0355 ETGerman Aug unemployment change expected -5,000, July -7,000. Aug unemployment rate expected unch at 6.8%, July 6.8%.
0800 ETGerman Aug CPI (EU harmonized) expected +0.1% m/m and +1.7% y/y, July +0.4% m/m and +1.9% y/y.
UK0430 ETUK Aug Lloyds business barometer, July 41.
1905 ETUK Aug GfK consumer confidence expected +2 to -14, July -16.
JPN1915 ETJapan Aug Markit/JMMA manufacturing PMI, July 50.7.
1930 ETJapan July overall household spending expected +0.3% y/y, Jun -0.4% y/y.
1930 ETJapan July jobless rate expected unch at 3.9%, Jun 3.9%. July job-to-applicant ratio expected +0.01 to 0.93, Jun 0.92.
1930 ETJapan July national CPI expected +0.7% y/y, Jun +0.2% y/y. July national CPI ex fresh food expected +0.6% y/y, Jun +0.4% y/y. July national CPI ex food & energy expected -0.2% y/y, Jun -0.2% y/y.
1930 ETJapan Aug Tokyo CPI expected +0.5% y/y, July +0.4% y/y. Aug Tokyo CPI ex fresh food expected +0.4% y/y, July +0.3% y/y. Aug Tokyo CPI ex food & energy expected -0.3% y/y, July -0.4% y/y.
1950 ETJapan July industrial production expected +3.6% m/m and +1.8% y/y, Jun -3.1% m/m and -4.6% y/y.
U.S. STOCK CALENDAR08/29/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Campbell Soup CoCPB USBef-mktQ4 2013 Earnings ReleaseQ4 20130.418
Golar LNG LtdGLNG USBef-mktQ2 2013 Earnings ReleaseQ2 20130.201
Signet Jewelers LtdSIG US6:30Q2 2014 Earnings ReleaseQ2 20140.828
Pall CorpPLL US7:00Q4 2013 Earnings ReleaseQ4 20130.886
Pall CorpPLL US8:30Q4 2013 Earnings CallQ4 2013
Signet Jewelers LtdSIG US8:30Q2 2014 Earnings CallQ2 2014
Campbell Soup CoCPB US10:00Q4 2013 Earnings CallQ4 2013
Golar LNG LtdGLNG US10:00Q2 2013 Earnings CallQ2 2013
Landstar System IncLSTR US14:00Q3 2013 Guidance CallQ3 2013
AMERCOUHAL US14:00Analyst and Investor MeetingY 2013
Splunk IncSPLK US16:30Q2 2014 Earnings CallQ2 2014
Salesforce.com IncCRM US17:00Q2 2014 Earnings CallQ2 2014
Salesforce.com IncCRM USAft-mktQ2 2014 Earnings ReleaseQ2 20140.069
Splunk IncSPLK USAft-mktQ2 2014 Earnings ReleaseQ2 2014-0.028
AMERCOUHAL USAnnual General Meeting
Chimera Investment CorpCIM USQ2 2012 Earnings ReleaseQ2 20120.093

Wednesday, August 28, 2013

Inphi Corp - Barchart's Chart of the Day

Summary:

Inphi Corp (IPHI) is the Chart of the Day.  The stock advanced in 13 sessions last month for a gain of 9.34%.  It has both a Trend Spotter buy signal and 100% technical buy signals.

Article:

The Chart of the Day is Inphi Corp (IPHI).  I found the stock by sorting the New High List  for frequency then found the stock that had gains for both the month and the last 5 trading sessions.

It is a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company's products are designed into systems sold by OEMs.



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
  • 13 new highs and up 9.34% in the last month
  • Relative Strength Index 69.68%
  • Barchart computes a technical support level at 12.21
  • Recently traded at 12.53 with  a  day moving average of 11.47
Fundamental factors:
  • Market Cap $356.88 million
  • Revenue projected to increase 11.30% this year and another 25.80% next year
  • Earnings estimated to decrease 52.90% this year but increase by 287.50% next year and continue to increase by 25.00% annually for the next 5 years
  • Wall Street analysts issued 3 buy and 4 hold recommendations
  • Financial Strength is B
This company has yet to prove itself so treat it as a technical play and watch the 50 day moving average.

6 Small Cap Stars

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks with the most frequent new highs, solid technical indicators and charts.  I further screened for those stock having positive results for both the month and the last 5 trading sessions.  The list includes The Andersons (ANDE), TTM Technologies (TTMI), Tetra Technologies (TTI), Bel Fuse (BELFB), Skechers USA (SKX) and Pinnacle Entertainment (PNK):

The Andersons (ANDE)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 12.34% in the last month
  • Relative Strength Index 60.23%
  • Barchart computes a technical support level at 65.15


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 7.72% in the last month
  • Relative Strength Index 56.59%
  • Barchart computes  a technical support level at 9.59
  • Recently traded at 9.87 with a 50 day moving average of 9.22


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 17.53% in the last month
  • Relative Strength Index 62.52%
  • Barchart computes a technical support level at 11.30
  • Recently traded at 11.98 with a 50 day moving average of 10.87
Bel Fuse (BELFB)


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 26.15% in the last month
  • Relative Strength Index 77.09%
  • Barchart computes a technical support level at 17.37
  • Recently traded at 17.90 with a 50 day moving average of 15.37


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 10.91% in the last month
  • Relative Strength Index 71.45%
  • Barchatrt computes a technical support level at 29.13
  • Recently traded at 30.38 with a 50 day moving average of 26.80


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 13.04% in the last month
  • Relative strength Index 71.67%
  • Barchart computes a technical support level at 22.96
  • Recently traded at 23.49 with a 50 day moving average of 20.92










Barchart Morning Call 8/28

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 -0.12%) this morning are up +0.05%, while European stocks are down -0.50%. Asian stocks closed mostly lower: Japan -1.51%, Hong Kong -1.60%, China -0.55%, Taiwan +0.05%, Australia -1.05%, Singapore -0.76%, South Korea -0.02%, India +0.16%. Global stocks were pressured on speculation that the U.S. and its allies are moving closer to a military strike against Syria in response to its alleged use of chemical weapons on its own people. Concerns over Fed tapering of stimulus along with Syrian tensions have hammered emerging-markets as India's rupee tumbled to another record low of 68.755 per dollar and Turkey's lira slumped to a record low of 2.0693 per dollar. Data from EPFR Global shows that global funds have withdrawn about $44 billion from emerging-market stock and bond funds since the end of May through last week. Commodity prices are mostly higher. Oct crude oil (CLV13 +0.96%) is up +0.50% at a 2-year high on concern that any attack against Syria may spread to other parts of the Middle East and threaten the region's crude exports. Oct gasoline (RBV13 +0.90%) is up +0.60%. Dec gold (GCZ13 +0.28%) is up +0.13% at a 3-1/2 month high as heightened Syrian tensions fuel safe-haven demand for gold. Sep copper (HGU13 -0.63%) is down -0.71%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.32%) is up +0.29%. EUR/USD (^EURUSD) is down -0.34% and USD/JPY (^USDJPY) is up +0.33%. September T-note prices (ZNU13 -0.05%) are down -4 ticks.
Signs are mounting that the U.S. and its allies are moving closer to a military strike against Syria for its alleged chemical weapons attack on its own people last week. President Obama plans to release an intelligence assessment this week and U.K Prime Minister Cameron said his country will put forward a draft resolution at the UN today that authorizes action to protect civilians.
Eurozone July M3 money supply rose +2.2% y/y and +2.5% 3-month average, larger increases than expectations of +2.0% y/y and +2.4% 3-month average,
The German July import price index rose +0.3% m/m and fell -2.6% y/y, close to expectations of +0.3% m/m and -2.5% y/y.
UK Aug CBI retailing reported sales rose +10 to 27 from 17 in July, stronger than expectations of +3 to 20 and the fastest pace of sales in 9-months.
U.S. STOCK PREVIEW
Today’s July pending home sales report is expected to be unchanged m/m after June’s decline of -0.4%. The Treasury today will sell $35 billion in 5-year T-notes. The Treasury will then conclude this week’s $98 billion T-note package by selling $29 billion in 7-year T-notes on Thursday. There are 7 of the Russell 1000 companies that report earnings today: Joy Global (consensus 1.36), Chico's (0.32), Brown-Forman (0.71), Seadrill (0.64), Williams-Sonoma (0.47), Guess (0.36), Fresh Market (0.32).
Equity conferences during the remainder of this week include Shale Gas World Argentina Conference on Wed, Jefferies Semiconductor and Hardware Midwest Corporate Access Summit on Wed, Simmons European Energy Conference on Wed-Thu, Robert W. Baird & Co. Consumer Corporate Access Day on Thu, and 6th International Financial and Capital Markets Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Chico's FAS (CHS -1.60%) reported Q2 EPS of 27 cents, weaker than consensus of 32 cents.
DSW (DSW +7.91%) was downgraded to "Sell" from "Hold" at Brean Capital, citing rich valuation.
Joy Global (JOY -2.95%) reported Q3 EPS of $1.70, well ahead of consensus of $1.36.
Dow Jones reported that Las Vegas Sands (LVS -3.18%) will pay $47 million to settle Department of Justice money-laundering probe.
CNBC reported that the website of the New York Times (NYT -2.93%) has been shut down because of hackers.
Dycom (DY -1.94%) reported Q4 EPS of 44 cents, weaker than consensus of 45 cents.
Tiffany (TIF -1.04%) was downgraded to "Neutral" from "Buy" at Citigroup based on valuation.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 -0.12%) this morning are little changed, up +0.75 of a point (+0.05%). The S&P 500 index on Tuesday fell to a 1-1/2 month low and closed sharply lower on concern a possible military attack by the U.S. and its allies against Syria for using chemical weapons on its own people may escalate after Iran's Foreign Ministry warned that a U.S. attack on Syria would drag the whole region into conflict. Stocks ignored the unexpected +0.5 increase in U.S. Aug consumer confidence to 81.5, better than expectations of a -1.3 point decline to 79.0, and (2) the +25 point surge in the Aug Richmond Fed manufacturing index to a 2-1/2 year high of 14, stronger than expectations of +11 to zero. Closes: S&P 500 -1.59%, Dow Jones -1.14%, Nasdaq 100 -2.02%.
Sep 10-year T-notes (ZNU13 -0.05%) this morning are down -4 ticks. Sep 10-year T-note prices on Tuesday posted a 1-1/2 week high and closed higher on increased safe-haven demand as global equity markets plunged on concern turmoil in Syria may lead to a wider military conflict. Closes: TYU3 +22.00, FVU3 +10.50.
The dollar index (DXY00 +0.32%) this morning is up +0.234 (+0.29%). EUR/USD (^EURUSD) is down -0.0046 (-0.34%) and USD/JPY (^USDJPY) is up +0.32 (+0.33%). The dollar index on Tuesday closed lower. EUR/USD strengthened after German Aug IFO business confidence rose to a 16-month high and USD/JPY fell as a slide in global equity markets boosted the yen on increased safe-haven demand. Closes: Dollar index -0.241 (-0.30%), EUR/USD +0.0024 (+0.18%), USD/JPY -1.475 (-1.50%).
Oct WTI crude oil (CLV13 +0.96%) this morning is up +54 cents (+0.50%) and posted a 2-year high in overnight electronic trade of $112.24 a barrel. Oct gasoline (RBV13 +0.90%) is up +0.0174 (+0.60%). Oct crude oil and gasoline prices on Tuesday rallied sharply as Oct crude matched last month's 17-month high and Oct gasoline posted a 1-1/4 month high. The main bullish factor was concern a military strike by the U.S. and its allies against Syria for using chemical weapons may escalate and engulf the entire region and disrupt Middle East crude supplies. Other bullish factors included (1) the weaker dollar, (2) the jump in the German Aug IFO business confidence to a 16-month high, and (3) the unexpected increase in U.S. Aug consumer confidence. Closes: CLV3 +3.09 (+2.92%), RBV3 +0.0782 (+2.76%).
GLOBAL EVENT CALENDAR08/28/2013
US0700 ETWeekly MBA mortgage applications, previous -4.6% with purchase sub-index +1.2% and refi sub-index -7.7%.
1000 ETJuly pending home sales expected unchanged m/m and +7.9% y/y, Jun -0.4% m/m and +9.1% y/y.
1030 ETEIA Weekly Petroleum Status Report.
1300 ETTreasury auctions $35 billion 5-year T-notes.
GER0200 ETGerman Sep GfK consumer confidence expected +0.1 to 7.1, Aug 7.0.
0200 ETGerman July import price index expected +0.3% m/m and -2.5% y/y, Jun -0.8% m/m an -2.2% y/y.
EUR0400 ETEurozone July M3 money supply expected +2.0% y/y and +2.4% 3-mo avg, Jun +2.3% y/y and +2.8% 3-mo avg.
UK0600 ETUK Aug CBI reported sales expected 20, July 17.
JPN1950 ETJapan July retail sales expected -1.0% m/m and +0.1% y/y, Jun -0.2% m/m and +1.6% y/y.
U.S. STOCK CALENDAR08/28/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Seadrill LtdSDRL NO2:56Q2 2013 Earnings ReleaseQ2 20130.639
Chico's FAS IncCHS USBef-mktQ2 2014 Earnings ReleaseQ2 20140.323
Joy Global IncJOY US6:00Q3 2013 Earnings ReleaseQ3 20131.362
Brown-Forman CorpBF/B US8:00Q1 2014 Earnings ReleaseQ1 20140.709
Chico's FAS IncCHS US8:30Q2 2014 Earnings CallQ2 2014
Brown-Forman CorpBF/B US10:00Q1 2014 Earnings CallQ1 2014
Williams-Sonoma IncWSM USAft-mktQ2 2014 Earnings ReleaseQ2 20140.471
Guess? IncGES USAft-mktQ2 2014 Earnings ReleaseQ2 20140.355
Fresh Market Inc/TheTFM USAft-mktQ2 2014 Earnings ReleaseQ2 20140.319
Equifax IncEFX USInvestor MeetingY 2013
United Parcel Service IncUPS USRoadshow - MilwaukeeY 2013

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Tuesday, August 27, 2013

Primo Water - Barchart's Chart of the Day

Summary:

Primo Water (PRMW) is the Chart of the Day. The price is up 279.71% in the last 12 months and 75.84% is just the last quarter.

Article:

The Chart of the Day is Primo Water (PRMW).  The stock has 96% Barchart technical buy signals and  Trend Spotter buy signal.  I found the stock by sorting the New High List and then using the flipchart feature to pan through the charts to find the one I like.



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
  • 13 new highs and up 43.17% in the last month
  • Relative Strength Index 74.72%
  • Barchart computes a technical support level at 2.41
  • Recently traded at 2.62 with a 50 day moving average of 1.95
Fundamental factors:
  • Market Cap $ 62.53 million
  • Revenue projected to increase 2.00% this year and an additional 222.00% next year
  • Earnings estimated to grow 25.00% a year for the next 5 years
  • Financial Strength C
Watch the 50 day moving average for weakness on price momentum.

5 Mid Cap Still Going Up

Today I used Barchart to sort the S&P 400 Mid Cap Index to find stocks I still like even in this choppy market.  First I sorted the Index for the stocks hitting the most new highs in the last month then panned down the rows to find the stocks that had net gains not only during the last month but also during the last 5 trading sessions.

The list includes Dreamworks Animation (DWA), Royal Gold (RGLD), Trinity Industries (TRN), Under Armour (UA) and Omnicare (OCR):

Dreamworks Animation (DWA)


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 20.69% in the last month
  • Relative strength Index 69.50%
  • Barchart computes a technical support level at 29.45
  • Recently traded at 29.46 with a 50 day moving average of 26.26
Royal Gold (RGLD)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 28.72% in the last month
  • Relative strength Index 70.38%
  • Barchart computes a technical support level at 63.23
  • Recently traded at 64.55 with a 50 day moving average of 49.87


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 14.08% in the last month
  • Relative Strength Index 63.19%
  • Barchart computes a technical support level at 42.41
  • Recently traded at 42.50 with a 50 day moving average of 38.78

Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 5.73 in the last month
  • Relative strength Index 60.30%
  • Barchart computes  a technical support level at 72.67
  • Recently traded at 72.49 with a 50 day moving average of 65.23
Note: I know the technical support level is above the current trading price -- not sure if this is a glitch in the system but the Trend Spotter support level is at 68.69.  This is another reason why I use several indicators and not just one

Omnicare (OCR)


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 5.21% in the last month
  • Relative Strength Index 66.73%
  • Barchart computes a technical support level at 55.41
  • Recently traded at 55.80 with a 50 day moving average of 51.41










Barchart Morning Call 8/27

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU13 -0.73%) this morning are down -0.71% and European stocks are down -1.65%. Asian stocks closed mostly lower: Japan -0.69%, Hong Kong -0.59%, China +0.23%, Taiwan -0.94%, Australia +0.11%, Singapore -1.63%, South Korea unch, India -3.18%. Most global stocks weakened and bond markets rose after U.S. Secretary of State Kerry said Syria will be held accountable for using chemical weapons, which increases the likelihood of military action against Syria from the U.S. and its allies. Dubai's stock index plunged 7% on concern over the increased risk of conflict in the region, while emerging-market currencies tumbled with India's rupee falling to a record low of 66.075 per dollar, Turkey's lira slumping to 2.0336 per dollar, the lowest since at least 1981, and the Indonesian rupiah sliding to a 4-year low of 10,925 per dollar. European stocks failed to garner much support from a larger-than-expected increase in German Aug business confidence to a 16-month high. Commodity prices are mostly higher. Oct crude oil (CLV13 +1.51%) is up +1.06% and Oct gasoline (RBV13 +0.93%) is up +0.72% on increased geopolitical risks in the Middle East. Dec gold (GCZ13 +1.49%) is up +1.29% at a 2-1/2 month high on increased flight-to-safety demand after Iran, a longtime ally of Syria, warned that a U.S. attack on Syria would drag the entire region into conflict. Sep copper (HGU13 +0.12%) is down -0.15%. Agricultural and livestock prices are mostly lower. The dollar index (DXY00 +0.07%) is up +0.07%. EUR/USD (^EURUSD) is down -0.17% and USD/JPY (^USDJPY) is down -0.74%. September T-note prices (ZNU13 +0.27%) are up +10.5 ticks.
German Aug IFO business confidence increased +1.3 from July to 107.5, stronger than expectations of +0.8 to 107.0 and its best level in 16-months. The Aug IFO current assessment rose +1.9 from July to 112.0, stronger than expectations of +0.9 to 111.0 and its best level in 16-months, while Aug IFO expectations climbed +0.9 to 103.1, higher than expectations of +0.7 to 103.1 and its fastest pace in 5-months.
China July industrial profits rose +11.1% year-to-date y/y, unchanged from June and the slowest pace of increase in 6-months.
U.S. STOCK PREVIEW
Today’s June CaseShiller Composite-20 Home Price index is expected to show a sharp gain of +1.0% m/m and +12.1% y/y, adding to May’s gain of +1.1% m/m and +12.2% y/y. Today’s Aug U.S. consumer confidence index from the Conference Board is expected to show a -1.3 point decline to 79.0, adding to the -1.6 point decline to 80.3 seen in July. Today’s Aug Richmond Fed manufacturing index is expected to show a +11 point increase to zero, recovering some of the ground lost in July when the index plunged by -18 points to -11. The Treasury today will sell $34 billion in 2-year T-notes, kicking off this week’s $98 billion T-note package. There are 5 of the Russell 1000 companies that report earnings today: Donaldson (consensus $0.45), Tiffany (0.74), DSW (0.79), Avago Technologies (0.66), Workday (-0.18).
Equity conferences this week include Shale Gas World Argentina Conference on Wed, Jefferies Semiconductor and Hardware Midwest Corporate Access Summit on Wed, Simmons European Energy Conference on Wed-Thu, Robert W. Baird & Co. Consumer Corporate Access Day on Thu, and 6th International Financial and Capital Markets Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Donaldson (DCI +1.04%) reported Q4 EPS ex-items of 49 cents, stronger than consensus of 45 cents.
Brown Shoe (BWS +0.81%) reported Q2 adjusted EPS of 33 cents, better than consensus of 22 cents.
Apache (APA -0.09%) was downgraded to "Neutral" from "Buy" at Guggenheim.
Monsanto (MON +1.49%) was upgraded to "Buy" from "Neutral" at UBS.
Tiffany (TIF -0.40%) reported Q2 EPS of 83 cents, beter than consensus of 74 cents.
9to5Mac reported that Apple (AAPL +0.39%) is planning to launch iPhone trade in program as soon as next month that will allow customers that own earlier iPhone models to bring the phones into an Apple store and exchange for a newer iPhone model at a discounted price.
Lone Pine Capital reported 5.4% passive stake in Dollar General (DG +0.98%) .
Wolverine Asset Management reported a 9.99% passive stake in Good Times Restaurants (GTIM +1.89%) .
SAIC (SAI +0.39%) announced it was awarded a $224 million contract by the Federal Retirement Thrift Investment Board, or FRTIB for information security and enterprise-wide information technology support services.
Reuters reported that Ackman's Pershing square will sell its entire stake in J. C. Penney (JCP -1.11%) , approximately 39 million shares.
Reuters reported that JPMorgan Chase (JPM -0.99%) has been found liable for breach of contract and ordered to pay $42.5 million in damages after being accused of mismanaging an investment account by betting on mortgage-backed securities.
MARKET COMMENTS
Sep E-mini S&Ps (ESU13 -0.73%) this morning are down -11.75 points (-0.71%). The S&P 500 index on Monday rallied to a 1-week high after July durable goods orders fell -7.3%, weaker than expectations of -4.0% and the biggest decline in 11-months, which bolstered speculation the Fed may delay tapering its stimulus measures. However, prices gave up their advance late in the session and closed lower after Secretary of State Kerry said President Obama will hold Syria accountable for using chemical weapons, which increases the likelihood of U.S. military action against Syria that may escalate conflict in the Middle East. Closes: S&P 500 +0.39%, Dow Jones +0.31%, Nasdaq 100 +0.72%.
Sep 10-year T-notes (ZNU13 +0.27%) this morning are up +10.5 ticks on a flight-to-safety as global equity markets slide. Sep 10-year T-note prices on Monday closed higher after the weaker-than-expected July durable goods orders reduced speculation the Fed will begin to taper its bond buying program next month. Closes: TYU3 +6.00, FVU3 +4.50.
The dollar index (DXY00 +0.07%) this morning is up +0.060 (+0.07%). EUR/USD (^EURUSD) is down -0.0023 (-0.17%) and USD/JPY (^USDJPY) is down -0.73 (-0.74%). The dollar index on Monday closed little changed. Weaker-than-expected U.S. July durable goods orders undercut the dollar on concern the economy is not strong enough for the Fed to begin tapering stimulus. EUR/USD fell back and kept dollar losses to a minimum after euro-negative comments from ECB Council member Demetriades who said that a rate cut "is still in the cards" and that ECB policy members still can't rule out additional rate cuts. Closes: Dollar index +0.046 (+0.)6%), EUR/USD -0.0016 (-0.12%), USD/JPY -0.217 (-0.22%).
Oct WTI crude oil (CLV13 +1.51%) this morning is up +$1.12 a barrel (+1.06%) and Oct gasoline (RBV13 +0.93%) is up +0.0205 (+0.72%) . Oct crude oil and gasoline prices on Monday closed lower on signs the economy may not be as strong as expected after July durable goods orders fell a more than expected -7.3%, the biggest decline in 11-months. Gasoline prices were also undercut on speculation demand will drop as the summer driving season ends after the upcoming Labor Day holiday. Closes: CLV3 -0.50 (-0.47%), RBV3 -0.0362 (-1.26%).
GLOBAL EVENT CALENDAR08/27/2013
US0650 ETSan Francisco Fed President John Williams speaks on a panel in Gothenberg, Sweden titled Challenges for Monetary Policy: Views from the Trenches.
0900 ETJun S&P/CaseShiller composite-20 home price index expected +1.0% m/m and +12.1% y/y, May +1.1% m/m and +12.2% y/y.
1000 ETAug Richmond Fed manufacturing index expected +11 to zero, July -18 to -11.
1000 ETAug consumer confidence (Conference Board) expected -1.3 to 79.0, July -1.6 to 80.3.
1300 ETTreasury auctions $34 billion 2-year T-notes.
1630 ETAPI weekly U.S. oil statistics.
GER0400 ETGerman Aug IFO business climate expected +0.8 to 107.0, July 106.2. Aug IFO current assessment expected +0.8 t0 110.9, July 110.1. Aug IFO expectations expected +0.7 to 103.1, July 102.4.
U.S. STOCK CALENDAR08/27/2013
Company NameCompany TickerTimeEvent DescriptionPeriodEstimate
Donaldson Co IncDCI USBef-mktQ4 2013 Earnings ReleaseQ4 20130.448
Tiffany & CoTIF USBef-mktQ2 2014 Earnings ReleaseQ2 20140.736
DSW IncDSW US7:00Q2 2014 Earnings ReleaseQ2 20140.793
Tiffany & CoTIF US8:30Q2 2014 Earnings CallQ2 2014
DSW IncDSW US8:30Q2 2014 Earnings CallQ2 2014
Goodyear Tire & Rubber Co/TheGT US9:00Business Update Call
Donaldson Co IncDCI US10:00Q4 2013 Earnings CallQ4 2013
Avago Technologies LtdAVGO USAft-mktQ3 2013 Earnings ReleaseQ3 20130.659
Workday IncWDAY USAft-mktQ2 2014 Earnings ReleaseQ2 2014-0.178
United Parcel Service IncUPS USRoadshow - MinneapolisY 2013

Monday, August 26, 2013

Insys Therapeutics - Barchart's Chart of the Day

Summary:

Insys Therapeutics (INS) is the Chart of the Day.  The stock is up 356.34% in the last year and has a Weighted Alpha of 294.30+.  It also has a Trend Spotter buy and 96% technical buy signals.

Article:

The Chart of the Day in Insys Therapeutics (INSY).  I found the stock by sorting the New High List for Weighted Alpha then reviewed the charts with the flipchart feature.  In the last 3 month the stock hit 25 new highs for a gain of 190.90%.

It is a commercial-stage specialty pharmaceutical company and is engaged in the development and commercialization of pharmaceutical products that target the unmet needs of cancer patients, with an initial focus on cancer-supportive care. The company's cancer-supportive care and cancer therapy product candidates include Fentanyl sublingual spray and Dronabinol SG capsule.



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
  • 7 new highs and up 57.32% in the last month
  • Relative Strength Index 80.67%
  • Barchart computes a technical support level at 28.63
  • Recently traded at 29.98 with a 50 day moving average of 17.86
This stock is a fast mover so watch the 50 day moving average and the 14 day turtle channel to decide when to exit.

5 Large Cap Gems

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stocks with the best technical indicators and charts.  The list includes Frontier Communications (FTR), Verisign (VRSN), Halliburton (HAL), Raytheon (RTN), Scripps Networks Interactive (SNI):

Frontier Communications (FTR)


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 6.67% in the last month
  • Relative Strength Index 57.35%
  • Barchart computes a technical support level at
  • Recently traded at 4.55 with a  day moving average of 4.26
Verisign (VRSN)


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 5.85% in the last month
  • Relative Strength Index 73.44%
  • Barchart computes a technical support level at 48.97%
  • Recently traded at 50.09 with a 50 day moving average of 46.68


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 6.61% in the last month
  • Relative Strength Index 72.03%
  • Barchart computes a technical support level at 46.59
  • Recently traded at 49.04 with a 50 day moving average of 44.81
Raytheon (RTN)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 10.91% in the last month
  • Relative Strength Index 71.45%
  • Barchart computes a technical support level at 76.16
  • Recently traded at 77.65 with a 50 day moving average of 71.04


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 an d100 day moving averages
  • 11 new highs and up 5.58% in the last month
  • Relative Strength Index 61.33%
  • Barchart computes a technical support level at 73.69
  • Recently traded at 75.38 with a 50 day moving average of 71.40