Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2013-09-15

Saturday, September 21, 2013

Zix Corporation (ZIXI) - Barchart's Chart of the Day

Summary:

Zix Corporation (ZIXI) is the Chart of the Day, The email encryption and internet communications company is up 70.34% over the past year and has a Weighted Alpha of 75.90+.

Article:

The Chart of the Day is Zix Corporation (ZIXI). I found the stock by sorting the New High List for the stocks having the best Barchart short term buy signals and then used the flipchart feature to review the charts.

It is a provider of hosted email encryption and e-prescribing services. Their hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript e-prescribing service reduces costs and improves patient care by automating the prescription process between payors, doctors, and pharmacies.

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
8 new highs and up 10.00% in the last month
Relative Strength Index 69.86%
Barchat computes a technical support level at 4.71
Recently traded at 4.94 with a 50 day moving average of 4.48

Fundamental factors:

Market Cap $305.69
P/E 34.50
Revenue predicted to grow by 12.60% this year and another 16.00% next year
Earnings estimated to increase 11.80% this year, an additional 26.30% next year and continue to increase annually buy 20.00% of the next 5 years
Financial Strength is B

If you look for exit points at the 50 day moving average it's hard to go wrong.

Friday, September 20, 2013

The 5 Best NASDAQ 100 Stocks

Today I used Barchart to sort the NASDAQ 100 Stock Index to find the stocks that had the most new highs in the last month. My list includes Cognizant Technology Solutions (CTSH), Akamai Technologies (AKAM), Amazon.com (AMZN), Equinix (EQIX) and Liberty Media Class A (LMCA):

Cognizant Technology Solutions (CTSH)

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 17.76% in the last month
Relative Strength Index 75.5%
Barchart computes a technical support level at 81.58
Recently traded at 83.14 with a 50 day moving average of 74.47

Akamai Technologies (AKAM)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 14.52% in the last month
Relative Strength Index 82.67%
Barchart computes a technical support level at 51.97
Recently traded at 52.90 with a 50 day moving average of 47.20

Amazon.com (AMZN)

Barchart technical indicators:

88% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 10.87% in the last month
Relative strength Index 74.54%
Barchart computes a technical support level at 309.05
Recently traded at 318.11 with a 50 day moving average of 297.69

Equinix (EQIX)

Barchart technical indicators:

60% Barchart short term buy signals
Trend Spotter buy signal
Above its 20 and 50 day moving averages
14 new highs and up 9.62% in the last month
Relative Strength Index 62.21%
Barchart computes a technical support level at 176.18
Recently traded at184.37 with a 50 day moving average of 179.82

Liberty Media Class A (LMCA)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
14 new highs and up 7.51% in the last month
Relative strength Index 69.46%
Barchart computes a technical support level at 146.00
Recently traded at 149.89 with a 50 day moving average of 142.31

Barchart Morning Call 9/20

BARCHART MORNING CALL

Friday, September 20th, 2013View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ13 +0.03%) this morning are down -0.03% and European stocks are down -0.04%. Asian stocks closed weaker: Japan -0.16%, Australia -0.36%, Singapore -0.44%, India -1.85%. Markets in Hong Kong, China, Taiwan and South Korea were closed for holidays. U.S. and European stocks were slightly lower as the markets await speeches later today from several Federal Reserve policy makers. Stocks in India tumbled after the RBI unexpectedly hiked interest rates. Commodity prices are mixed. Oct crude oil (CLV13 -0.66%) is down -0.37% and Oct gasoline (RBV13 +0.32%) is up +0.39%. Dec gold (GCZ13 -0.81%) is down -0.74% and Dec copper (HGZ13 -0.16%) is up +0.16%. Agricultural prices are stronger and livestock prices are mostly lower. The dollar index (DXY00 -0.02%) is down -0.06%. EUR/USD (^EURUSD) is up +0.07% and USD/JPY (^USDJPY) is down -0.05%. December T-note prices (ZNZ13 +0.05%) are up +1.5 ticks.
Erkki Liikanen, ECB Council member and had of the Bank of Finland, said today that "there are soft signs of the economy improving" and that indicators measuring confidence among households and businesses are signaling the worst may be over for the Eurozone economy.
The Reserve Bank of India (RBI) unexpectedly hiked its benchmark interest rate by 25 bp to 7.50%, the first increase in 2 years, and scaled back measures put on by previous RBI Governor Subbarao to boost the rupee when they cut the marginal standing facility rate to 9.5% from 10.25%. Newly appointed RBI Governor Rajan said "We want to fight against inflation and we'll bring inflation down." He added the goal of the RBI is to slow wholesale-price inflation to below +5.0% y/y from the +6.1% y/y increase last month.
UK Aug public sector net borrowing rose +11.5 billion pounds, less than expectations of +11.9 billion pounds.
Japan Aug nationwide department store sales rose +2.7% y/y as they rebounded from the -2.5% y/y decline seen in July.

U.S. STOCK PREVIEW

There are three Fed officials that will speak today: Kansas City Fed President Esther George, St. Louis Fed President James Bullard, and Minneapolis Fed President Narayana Kocherlakota. There is one of the Russell 1000 companies that reports earnings today: Darden Restaurants (consensus $0.70).

OVERNIGHT U.S. STOCK MOVERS

Darden Restaurants (DRI -1.02%) reported Q1 EPS of 53 cents, well below consensus of 70 cents.
Facebook (FB +1.66%) was upgraded to "Outperform" from "Market Perform" at Cowen.
MetLife (MET -3.19%) was upgraded to "Conviction Buy" from "Buy" at Goldman.
Pier 1 Imports (PIR -13.86%) was upgraded to "Outperform" from "Neutral" at Credit Suisse.
Ameren (AEE -0.20%) was upgraded to "Overweight" from "Equal Weight" at Barclays.
Volvo (VOLVY +0.75%) was upgraded to "Buy" from "Hold" at Societe Generale.
Gabelli reported a 5.13% stake in Flushing Financial (FFIC -0.92%) .
American Capital Mortgage (MTGE -1.81%) cuts its dividend to 70 cents from 80 cents per share.
Cintas (CTAS -0.27%) reported Q1 EPS of 63 cents, right on consensus, although Q1 revenue of $1.12 billion was slightly better than consensus of $1.1 billion.
TIBCO (TIBX +2.64%) reported Q3 adjusted EPS of 28 cents, better than consensus of 22 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ13 +0.03%) this morning are little changed, down -0.50 of a point (-0.03%). The S&P 500 index on Thursday climbed to a record high early on carry-over support from the Fed’s action Wednesday to maintain its stimulus. Stocks, however, erased their gains and closed mostly lower after stronger-than-expected U.S. economic data on Aug existing home sales, and Sep Philadelphia Fed manufacturing activity bolstered speculation the Fed may still taper QE by year-end. Closes: S&P 500 -0.18%, Dow Jones -0.26%, Nasdaq 100 +0.19%.
Dec 10-year T-notes (ZNZ13 +0.05%) this morning are up +1.5 ticks. Dec 10-year T-note prices on Thursday fell back from a 5-week high and closed lower on concern that strength in U.S. economic data may yet prompt the Fed to cut its bond purchases. The Sep Philadelphia Fed manufacturing index jumped to a 2-1/2 year high and Aug existing home sales unexpectedly rose to a 6-1/2 year high. Closes: TYZ3 -12.00, FVZ3 -6.25.
The dollar index (DXY00 -0.02%) this morning is down -0.052 (-0.06%). EUR/USD (^EURUSD) is up +0.0010 (+0.07%) and USD/JPY (^USDJPY) is down -0.05 (-0.05%). The dollar index on Thursday closed higher after stronger-than-expected U.S. economic data fueled speculation the Fed may yet cut QE by year-end. EUR/USD posted a 7-1/4 month high after the Fed’s inaction to taper QE fueled a drop in global money market rates that may ease pressure on the ECB to provide additional stimulus. Closes: Dollar index +0.135 (+0.17%), EUR/USD +0.0007 (+0.06%), USD/JPY +1.528 (+1.56%).
Oct WTI crude oil (CLV13 -0.66%) this morning is down -39 cents (-0.37%) and Oct gasoline (RBV13 +0.32%) is up +0.0105 (+0.39%). Oct crude oil and gasoline prices on Thursday gave up early gains and closed lower. Bearish factors included (1) the rebound in the dollar, and (2) increased oil supplies after Libya’s oil minister said that its crude production will climb to 700,000-800,000 barrels a day from the current 200,000 barrels a day as it reopened its El Feel and Shahara oil fields that were shut after worker protests. Closes: CLV3 -1.68 (-1.55%), RBV3 -0.0449 (-1.64%).

GLOBAL EVENT CALENDAR09/20/2013

US	1230 ET	Kansas City Fed President Esther George speaks on the economy at the Manhattan Institute for Policy Research.
	1255 ET	St. Louis Fed President James Bullard speaks on the U.S. economy and monetary policy at the New York Association for Business Economics luncheon.
	1345 ET	Minneapolis Fed President Narayana Kocherlakota delivers a speech at the Conference on Extracting and Understanding the Risk Neutral Probability Density from Options Prices.
	1500 ET	Aug Cattle on Feed.
JPN	0130 ET	Japan Aug nationwide department store sales, July -2.5% y/y.
UK	0430 ET	UK Aug public sector net borrowing expected +11.9 billion pounds, July -1.6 billion pounds.
EUR	1000 ET	Eurozone Sep consumer confidence expected +1.1 to -14.5, Aug -15.6.

U.S. STOCK CALENDAR09/20/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
Darden Restaurants Inc	DRI US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.703
Sealed Air Corp	SEE US	8:00	Analyst Day	Y 2013
Darden Restaurants Inc	DRI US	8:30	Q1 2014 Earnings Call	Q1 2014
Seadrill Ltd	SDRL NO	8:30	Annual General Meeting	Y 2013
Goodyear Tire & Rubber Co/The	GT US	9:00	Investor Meeting	Y 2013
Towers Watson & Co	TW US	9:30	Analyst Day	Y 2013
Golar LNG Ltd	GLNG US	10:10	Annual General Meeting	Y 2013
Advanced Micro Devices Inc	AMD US	Aft-mkt	Vertex Pharm. & Ametek Inc. Replace Advanced Micro Devices & SAIC in S&P 500
Advanced Micro Devices Inc	AMD US	Aft-mkt	Advanced Micro Devices & SAIC Replace Vertex Pharm. & Ametek in S&P MidCap 400
Alcoa Inc	AA US	Aft-mkt	Nike Inc. Will Replace Alcoa Inc. in DJIA
Hewlett-Packard Co	HPQ US	Aft-mkt	Visa Inc. Will Replace Hewlett-Packard Co. in DJIA
Bank of America Corp	BAC US	Aft-mkt	Goldman Sachs Group Will Replace Bank of America Corp in DJIA
NIKE Inc	NKE US	Aft-mkt	Nike Inc. Will Replace Alcoa Inc. in DJIA
Vertex Pharmaceuticals Inc	VRTX US	Aft-mkt	Vertex Pharm. & Ametek Inc. Replace Advanced Micro Devices & SAIC in S&P 500
Vertex Pharmaceuticals Inc	VRTX US	Aft-mkt	Advanced Micro Devices & SAIC Replace Vertex Pharm. & Ametek in S&P MidCap 400
AMETEK Inc	AME US	Aft-mkt	Vertex Pharm. & Ametek Inc. Replace Advanced Micro Devices & SAIC in S&P 500
AMETEK Inc	AME US	Aft-mkt	Advanced Micro Devices & SAIC Replace Vertex Pharm. & Ametek in S&P MidCap 400
Goldman Sachs Group Inc/The	GS US	Aft-mkt	Goldman Sachs Group Will Replace Bank of America Corp in DJIA
SAIC Inc	SAI US	Aft-mkt	Vertex Pharm. & Ametek Inc. Replace Advanced Micro Devices & SAIC in S&P 500
SAIC Inc	SAI US	Aft-mkt	Advanced Micro Devices & SAIC Replace Vertex Pharm. & Ametek in S&P MidCap 400
Visa Inc	V US	Aft-mkt	Visa Inc. Will Replace Hewlett-Packard Co. in DJIA

Thursday, September 19, 2013

Lifetime Brands - Barchart's Chart of the Day

Summary:

Lifetime Brands (LCUT) is the Chart of the Day. The home goods and household products company has a Trend Spotter buy signal and is up over 70.89% in the last year.

Article:

The Chart of the Day is Lifetime Brands (LCUT). The stock has 80% technical buy signals and a Trend Spotter buy signal. I found the stock by sorting the New High List for frequency and this stock advanced 20 times in the last month.

It is a leading designer, marketer and distributor of kitchenware, cutlery & cutting boards, bakeware & cookware, pantryware & spices, tabletop and bath accessories, marketing its products under various trade names, including Farberware, KitchenAid, Pfaltzgraff, Cuisinart, Hoffritz, Sabatier, Nautica, DBK-Daniel Boulud Kitchen, Joseph Abboud Environments, Roshco, Baker's Advantage, Kamenstein, CasaModa, Kathy Ireland, and :USE.

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
20 new highs and up 13.41% in the last month
Relative Strength Index 74.61%
Barchart computes a technical support level at 14.85
Recently traded at 15.38 with a 50 day moving average of 14.29

Fundamental factors:

Market Cap $197.33 million
P/E 16.17
Dividend yield .82%
Revenue predicted to grow 5.40% this year and another 5.20% next year
Earnings estimated to increase 17.20% next year and continue to increase annually by 10.00% for the next 5 years
Wall Street analysts issued a strong buy and a buy recommendation
Financial Strength is C++

Closely follow the 50 day moving average for an exit point

The 5 Best Small Caps

Today I used Barchart to screen the S&P 600 Small Cap Index to find the stocks with the most frequent new highs in the last month and then used the flipchart feature to review their charts. My list includes Healthstream (HSTM), Nanometrics (NANO), Faro Technologies (FARO), Boston Beer (SAM), and Brunswick (BC):

Healthstream (HSTM)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
19 new highs and up 15.67% in the last month
Relative Strength Index 70.02%
Barchart computes a technical support level at 34.53
Recently traded at 36.59 with a 50 day moving average of 32.82

Nanometrics (NANO)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 18.68% in the last month
Relative Strength Index 70.91%
Barchart computes a technical support level at 15.65
Recently traded at 16.17 with a 50 day moving average of 14.95

Faro Technologies (FARO)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 13.43% in the last month
Relative Strength Index 74.53%
Barchart computes a technical support level at 39.30
Recently traded at 41.40 with a 50 day moving average of 38.21

Boston Beer (SAM)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 19.47% in the last month
Relative Strength Index 82.93%
Barchart computes a technical support level at 233.21
Recently traded at 245.79 with a 50 day moving average of 205.97

Brunswick (BC)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 12.69% in the last month
Relative Strength Index 66.49%
Barchart computes a technical support level at 39.33
Recently traded at 40.73 with a 50 day moving average of 37.30

Barchart Morning Call 9/19

BARCHART MORNING CALL

Thursday, September 19th, 2013View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ13 +0.31%) this morning are up +0.44% at an all-time high and European stocks are up +1.18%. Asian stocks closed higher: Japan +1.18%, Hong Kong +1.67%, China, Taiwan and South Korea closed for holiday, Australia +1.10%, Singapore +1.81%, India +3.43%. Global stock and bond markets rallied after the Fed unexpectedly refrained from reducing the $85 billion pace of its monthly securities buying. Commodity prices are higher. Oct crude oil (CLV13 +0.55%) is up +0.60% and Oct gasoline (RBV13 +0.51%) is up +0.69%. Dec gold (GCZ13 +4.60%) is up +4.39% at a 1-week high and Dec copper (HGZ13 +1.86%) is up +1.86% at a 3-week high. Agricultural prices are stronger and livestock prices are mixed. The dollar index (DXY00 -0.12%) is down -0.12%. EUR/USD (^EURUSD) is up +0.26% at a 7-1/4 month high and USD/JPY (^USDJPY) is up +0.94%. December T-note prices are up +4 ticks.
Japan's Aug trade balance was in deficit by -960.3 billion yen, smaller than expectations of a -1.113 trillion yen deficit. Aug exports climbed +14.7% y/y, stronger than expectations of +14.5% y/y and the most in 3 years. Aug imports rose +16.0% y/y, weaker than expectations of +18.5% y/y.
The Japan July all-industry activity index rose +0.5% m/m, better than expectations of +0.3% m/m.
The Japan July leading index CI was revised up to 107.9 from the previously reported 107.8, and the July coincident index was revised up to 107.7 from the previously reported 106.4.
UK Aug retail sales ex autos unexpectedly fell -1.0% m/m, weaker than expectations of unch m/m and the biggest decline in 16-months, while Aug retail sales ex autos on an annual basis rose +2.3% y/y, weaker than expectations of +3.2% y/y. Aug retail sales including autos unexpectedly fell -0.9% m/m, weaker than expectations of +0.4% m/m and the biggest drop in 16-months, while Aug retail sales including autos on an annual basis rose +2.1% y/y, weaker than expectations of +3.3% y/y.
UK Sep CBI trends full volume of total orders rose to 9 from 0 in Aug, stronger than expectations of an increase to 2 and matched its highest level in 18 years. Sep CBI trends selling prices rose to 3 from 0 in Aug, stronger than expectations of 2.
In an interview published in the Danish newspaper Jyllands-Posten, ECB Council member Asmussen said that ECB interest rates will be low for some time and that "normalization" is not yet on the agenda. He added that he sees a very gradual recovery in the Eurozone the rest of this year and that the pace of the economic recovery will improve next year.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show an increase of +38,000 to 330,000, more than reversing last week’s sharp decline of -31,000 to 292,000. Meanwhile, today’s continuing claims report is expected to show a +29,000 increase to 2.900 million, reversing part of last week’s decline of -73,000 to 2.871 million. Today’s Aug existing home sales report is expected to show a -2.6% decline to 5.25 million, giving back part of the +6.5% surge to a 3-3/4 year high of 5.39 million seen in July. Today’s Q2 current account balance is expected to narrow to -$97.0 billion from -$106.1 billion in Q1. Today’s Sep Philadelphia Fed manufacturing index is expected to show a +1.0 point increase to 10.3, stabilizing after the -10.5 point decline to 9.3 seen in August. The Treasury today will sell $13 billion in 10-year TIPS. There are four of the Russell 1000 companies that report earnings today: IHS (consensus $1.17), ConAgra (0.39), Cintas (0.63), TIBCO (0.22).
Equity conferences during the remainder of this week include: Credit Suisse Chemical & Ag Science Conference on Tue-Thu, 28th International Aluminum Conference on Wed-Thu, UBS Houston Energy Symposium on Wed-Thu, Credit Suisse Global Mining & Steel Conference on Thu, Mitsubishi UFJ Securities- Industrials Corporate Access Day on Thu.

OVERNIGHT U.S. STOCK MOVERS

Rite Aid (RAD +0.27%) reported Q2 EPS of 3 cents, better than consensus of a -4 cent loss.
Disney (DIS +0.19%) was downgraded to "Equal Weight" from "Overweight" at Morgan Stanley.
FedEx (FDX +5.03%) was downgraded to "Neutral" from "Buy" at Goldman.
IHS Inc. (IHS +0.84%) reported Q3 adjusted EPS of $1.27, better than consensus of $1.18.
Pier 1 Imports (PIR +0.64%) reported Q2 EPS of 17 cents, lower than consensus of 21 cents.
ConAgra Foods (CAG +0.69%) reported Q1 EPS of 37 cents, weaker than consensus of 39 cents.
Bloomberg reports that Wells Fargo (WFC +1.07%) is cutting 1,800 mortgage processing jobs in addition to the 3,000 cuts it announced earlier this quarter.
General Dynamics (GD +0.28%) was awarded a $187.53 million government contract for conversion of 44 each M1A1 and 40 each M1A2 model vehicles to a M1A2S configuration in support of the Kingdom of Saudi Arabia.
Deutsche Bank keeps a Buy rating on Tesla (TSLA -0.01%) and raises its price target on the stock to $200 from $160.
Steelcase (SCS +1.36%) fell over 5% in after-hours trading after ot reported Q2 EPS ex-charge of 24 cents, weaker than consensus of 26 cents.
Herman Miller (MLHR +0.33%) dropped nearly 3% in after-hours trading after it reported Q1 adjusted EPS of 43 cents, right on consensus, and reported Q1 revenue of $468.1 million, slightly better than consensus of $465.1 million.
Oracle (ORCL +1.83%) fell over 3% in after-hours trading after it reported Q1 adjusted EPS of 59 cents, better than consensus of 56 cents, but then lowered guidance on Q2 EPS view to 65 cents-70 cents, below consensus of 69 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ13 +0.31%) this morning are up +7.50 points (+0.44%) at a record high. The S&P 500 index on Wednesday catapulted up to a record high and closed higher after the Fed unexpectedly refrained from cutting QE3, saying it wants “more evidence” of growth progress before tapering stimulus. On the negative side, the Fed cut its U.S. 2013 GDP estimate to 2.0%-2.3% from June’s 2.3%-2.6% and cut its 2014 GDP estimate to 2.9%-3.1% from June’s 3.0%-3.5%. Closes: S&P 500 +1.22%, Dow Jones +0.95%, Nasdaq 100 +1.27%.
Dec 10-year T-notes (ZNZ13 +0.15%) this morning are up +4 ticks. Dec 10-year T-note prices on Wednesday closed sharply higher after the Fed unexpectedly maintained the pace of its monthly Treasury purchases. Other positives for T-notes included (1) the Fed’s cut in its U.S. GDP estimates for 2013 and 2014, and (2) the weaker-than-expected U.S. Aug housing starts and building permits. Closes: TYZ3 +1-14/32, FVZ3 +28.75.
The dollar index (DXY00 -0.12%) this morning is down -0.093 (-0.12%). EUR/USD (^EURUSD) is up +0.0035 (+0.26%) and USD/JPY (^USDJPY) is up +0.92 (+0.94%). The dollar index on Wednesday plunged to a 7-month low and closed sharply lower after the Fed unexpectedly refrained from cutting its $85 billion in monthly bond purchases. Another negative for the dollar was the action by the Fed to cut its 2013 and 2014 U.S. GDP estimates. Closes: Dollar index -0.906 (-1.12%), EUR/USD +.01628 (+1.22%), USD/JPY -1.189 (-1.20%).
Oct WTI crude oil (CLV13 +0.55%) this morning is up +65 cents (+0.60%) and Oct gasoline (RBV13 +0.51%) is up +0.0189 (+0.69%). Oct crude oil and gasoline prices on Wednesday closed sharply higher. Bullish factors included (1) the plunge in the dollar index to a 7-month low after the Fed refrained from cutting QE3, (2) the -4.37 million bbl slide in weekly EIA crude oil inventories to a 17-month low of 355.6 million bbl, and (3) the unexpected drop in weekly EIA gasoline supplies by -1.63 million bbl to a 4-month low of 216 million bbl. Closes: CLV3 +2.65 (+2.51%), RBV3 +0.0810 (+3.04%).

GLOBAL EVENT CALENDAR09/19/2013

US	0830 ET	Weekly initial unemployment claims expected +38,000 to 330,000, previous -31,000 to 292,000. Weekly continuing claims expected +29,000 to 2.900 million, previous -73,000 to 2.871 million.
	0830 ET	Q2 current account balance expected -$97.0 billion, Q1 -$106.1 billion.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Sep Philadelphia Fed manufacturing index expected +1.0 to 10.3, Aug -10.5 to 9.3.
	1000 ET	Aug existing home sales expected -2.6% to 5.25 million, July +6.5% to 5.39 million.
	1000 ET	Aug leading indicators expected +0.6% July +0.6%.
	1100 ET	Treasury announces amounts of 2-year T-notes (previous $34 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Sep 24-26.
	1220 ET	Cleveland Fed President Sandra Pianalto delivers a speech titled Looking for Common Ground and New Solutions in Household and Consumer Finance at the 2013 Policy Summit on Housing, Human Capital and Inequality.
	1300 ET	Treasury auctions $13 billion of 10-year TIPS.
JPN	0030 ET	Japan July all-industry activity index expected +0.3%, June -0.6% m/m.
UK	0430 ET	UK Aug retail sales ex autos expected unch m/m and +3.2% y/y, July +1.1% m/m and +3.1% y/y. Aug retail sales including autos expected +0.4% and +3.3% y/y, July +1.1% m/m and +3.0% y/y.
	0600 ET	UK Sep CBI trends of total orders expected 2, Aug 0. Sep CBI trends of avg selling prices expected 2, Aug 0.

U.S. STOCK CALENDAR09/19/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
IHS Inc	IHS US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	1.17
ConAgra Foods Inc	CAG US	7:30	Q1 2014 Earnings Release	Q1 2014	0.392
IHS Inc	IHS US	8:00	Q3 2013 Earnings Call	Q3 2013
Clean Harbors Inc	CLH US	8:30	Investor Day	Y 2013
Ares Capital Corp	ARCC US	8:30	Investor Day	Y 2013
ConAgra Foods Inc	CAG US	9:30	Q1 2014 Earnings Call	Q1 2014
Express Scripts Holding Co	ESRX US	11:45	Economic Club of Canada Presents President, Michael Biskey
NIKE Inc	NKE US	13:00	Annual General Meeting	Y 2013
Microsoft Corp	MSFT US	16:00	Financial Analyst Meeting	Y 2013
Techne Corp	TECH US	16:30	Strategy Update Call
TIBCO Software Inc	TIBX US	16:30	Q3 2013 Earnings Call	Q3 2013
LSI Corp	LSI US	17:00	ITC Decision Due in LSI & Realtek Patent-Infringement Case
Cintas Corp	CTAS US	17:00	Q1 2014 Earnings Call	Q1 2014
Cintas Corp	CTAS US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.632
TIBCO Software Inc	TIBX US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.22
Washington Post Co/The	WPO US		Shareholders Day	Y 2013
John Wiley & Sons Inc	JW/A US		Annual General Meeting	Y 2013
Facebook Inc	FB US		Facebook CEO, Mark Zuckerberg, Meet with Republicans in the House

Wednesday, September 18, 2013

Zeltiq Aesthetics Cuts the Fat

Summary:

Zeltiq Aesthetics (ZLTQ) is the Barchart Chart of the Day. The non-invasive fat reduction company has risen by 135.97% in the last 6 months and has a Trend Spotter buy signal. Since the last Trend Spotter buy signal on 8/26 the stock gained 17.24%.

Article:

The Chart of the Day is Zeltiq Aesthetics (ZLTQ). I found the stock by sorting the New High List and then looked for stock with a 100% Short term technical buy signal. In the last 6 months the stock rose 135.97%.

It is a medical technology company engaged in designing, development and commercialization of non-invasive procedures for the reduction of unwanted fat tissue. The Company offers CoolSculpting System and other products to the dermatologists, plastic surgeons, and aesthetic specialists in North America and internationally.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 36.0% in the last month
Relative Strength Index 71.65 %
Barchart computes a technical support level at 8.86
Recently traded at 9.25 with a 50 day moving average of 7.30

Fundamental factors:

Market Cap $333.00 million
Revenue expected to grow 21.10% this year and another 15.20% next year
Earnings estimated to increase 24.60% this year, an additional 24.60% next year and continue to increase by 30.00% annually for the next 5 years
Wall Street analysts issued 1 strong buy, 1 buy and 3 hold recommendations

Watch the 50 day moving average for an exit point.

The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the most frequent new highs in the last month. I then used the flipchart feature to pan through the charts to find stocks that fit my criteria. Today's list includes Lincoln Electric Holdings (LECO), Semtech (SMTC), Regeneron Pharmaceuticals (REGN), Integrated Device Technology (IDTI), National Instruments (NATI):

Lincoln Electric Holdings (LECO)

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 9.46% in the last month
Relative Strength Index 71.28%
Barchart computes a technical support level at 66.54
Recently traded at 67.71 with a 50 day moving average of 62.39

Semtech (SMTC)

Barchart technical indicators:

24% Barchart technical buy signals
Trend Spotter buy signal
Above its 20 and 50 day moving averages
15 new highs and up 7.74% in the last month
Relative Strength Index 61.62%
Barchart computes a technical support level at 31.24
Recently traded at 31.98 with a 50 day moving average of 31.31

Regeneron Pharmaceuticals (REGN)

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 32.92% in the last month
Relative Strength Index 79.46%
Barchart computes a technical support level at 288.01
Recently traded at 307.20 with a 50 day moving average of 260.49

Integrated Device Technology (IDTI)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 9.51% in the last month
Relative strength Index 63.62%
Barchart computes a technical support level at 9.18
Recently traded at 9.42 with a 50 day moving average of 8.88

National Instruments (NATI)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 an d100 day moving averages
14 new highs and up 8.90% in the last month
Relative Strength Index 71.31%
Barchart computes a technical support level at 29.68
Recently traded at 30.51 with a 50 day moving average of 28.87

Barchart Morning Call 9/18

Wednesday, September 18th, 2013View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ13 +0.10%) this morning are up +0.10% and European stocks are higher by +0.58%. Asian stocks closed mixed: Japan +1.35%, Hong Kong -0.27%, China +0.21%, Taiwan -0.49%, Australia -0.25%, Singapore +0.41%, South Korea unch and India +0.80%. The markets await conclusion of the 2-day FOMC meeting today where expectations are high for the Fed to trim its monthly bond purchases. The spread between Spanish 10-year bonds and German bunds shrank to 239 bp, the least in 2 years, as global government bond markets climb on speculation the Fed will refrain from aggressively cutting stimulus. Commodity prices are mixed. Oct crude oil (CLV13 +0.52%) is up +0.72% and Oct gasoline (RBV13 +0.16%) is up +0.27%. Dec gold (GCZ13 -0.82%) is down -0.78% at a 5-week low on expectations for the Fed to trim stimulus and Dec copper (HGZ13 +0.50%) is up +0.31%. Agricultural prices are higher and livestock prices are weaker. The dollar index (DXY00 -0.01%) is down -0.04%. EUR/USD (^EURUSD) is down -0.06% and USD/JPY (^USDJPY) is down -0.18%. The British pound soared to an 8-month high against the dollar after the minutes of the last BOE policy meeting showed committee members voted unanimously to keep policy unchanged as an improving economic outlook prompted agreement that no more stimulus was needed. December T-note prices (ZNZ13 -0.09%) are down -1.5 ticks.
The minutes of the Sep 3-4 BOE monetary policy meeting showed committee members voted 9-0 to keep the bond-purchase program at 375 billion pounds and the benchmark interest rate at a record low o.5%. The minutes also showed that "no member judged that further stimulus was appropriate at present as domestically, there were increased signs that the recovery was taking hold."
Eurozone July construction output rose +0.3% m/m and fell -1.2% y/y, the fifth consecutive month output has fallen on a year-over-year basis.
China Aug property prices rose to their highest level this year as new housing costs rose in 69 out of 70 major Chinese cities, which challenges efforts by the government to reign in excessive speculation in China's housing market.

U.S. STOCK PREVIEW

The FOMC concludes its 2-day meeting today with a policy announcement and a press conference by Fed Chairman Bernanke. The market is looking for a $10 billion cut in QE3 to $75 billion from the current $85 billion level. Today’s Aug housing starts report is expected to show an increase of +2.7% to 920,000, adding to July’s increase of +5.9% to 896,000. There are three of the Russell 1000 companies that report earnings today: FedEx (consensus $1.50), Oracle (0.56), and General Mills (0.70).
Equity conferences during the remainder of this week include: Morgan Stanley Industrials & Autos Conference on Mon-Wed, Citi Global Industrials Conference on Tue-Wed, RBC Capital Markets Financial Institutions Conference on Tue-Wed, Credit Suisse Chemical & Ag Science Conference on Tue-Thu, BMO Capital Markets North American Real Estate Conference on Wed, Jefferies Advanced Analytics & Big Data Intelligence Summit on Wed, Mitsubishi UFJ Securities-Utility Corporate Access Day on Wed, 28th International Aluminum Conference on Wed-Thu, UBS Houston Energy Symposium on Wed-Thu, Credit Suisse Global Mining & Steel Conference on Thu, Mitsubishi UFJ Securities- Industrials Corporate Access Day on Thu.

OVERNIGHT U.S. STOCK MOVERS

FedEx (FDX +1.01%) reported Q1 EPS of $1.53, stronger than consensus of $1.50.
General Mills (GIS +0.10%) reported Q1 EPS of 70 cents, right on expectations, although Q1 revenue of $4.37 billion was slightly higher than consensus $4.29 billion.
Nokia (NOK +0.48%) was upgraded to "Outperform" from "Neutral" at Credit Suisse.
Procter & Gamble (PG -0.41%) was downgraded to "Equal Weight" from "Overweight" at Barclays.
Acuity Brands (AYI +3.18%) was downgraded to "Neutral" from "Buy" at UBS due to valuation.
Consolidated Edison (ED +0.31%) was upgraded to "Neutral" from "Sell" at Goldman.
Caterpillar (CAT -0.13%) was downgraded to "Neutral" from "Outperform" at RW Baird.
Exelon (EXC +0.40%) was downgraded to "Sector Perform" from "Outperform" at RBC Capital.
Five Below (FIVE +2.30%) fell over 3% in after-hours trading after it filed to sell 7.1 million shares of common stock.
Adobe (ADBE unch) reported Q3 adjusted EPS of 32 cents, lower than consensus of 34 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ13 +0.10%) this morning are up +1.75 points (+0.10%). The S&P 500 index on Tuesday closed higher. Stocks opened higher on the prospects for the global economic recovery to strengthen after the German Sep ZEW survey of expectations of economic growth rose +7.0 to a 3-1/3 year high of 49.6. Stocks maintained their advance and finished higher after the U.S. Aug CPI rose +0.1% m/m and +1.5% y/y, weaker than expectations of +0.2% m/m and +1.6% y/y, which bolstered speculation that weak inflation will prompt the Fed from aggressively cutting its stimulus measures. Closes: S&P 500 +0.42%, Dow Jones +0.23%, Nasdaq 100 +0.70%.
Dec 10-year T-notes (ZNZ13 -0.09%) this morning are down -1.5 ticks. Dec 10-year T-note prices on Tuesday closed higher after the smaller-than-expected increase in Aug CPI fueled speculation the Fed will limit its tapering of bond purchases. Closes: TYZ3 +5.50, FVZ3 +3.50.
The dollar index (DXY00 -0.01%) this morning is down -0.035 (-0.04%). EUR/USD (^EURUSD) is down -0.0008 (-0.06%) and USD/JPY (^USDJPY) is down -0.18 (-0.18%). The dollar index on Tuesday closed lower on speculation the Fed will not be aggressive when it begins to cut its bond purchases at this week's 2-day FOMC meeting. EUR/USD closed higher after the German Sep ZEW survey of expectations of economic growth rose +7.0 to a 3-1/3 year high of 49.6. Closes: Dollar index -0.152 (-0.19%), EUR/USD +.00346 (+0.18%), USD/JPY +0.059 (+0.06%).
Oct WTI crude oil (CLV13 +0.52%) this morning is up +76 cents (+0.72%) and Oct gasoline (RBV13 +0.16%) is +0.0072 (+0.27%). Oct crude oil and gasoline prices on Tuesday closed mostly lower with Oct crude at a 2-week low and Oct gasoline at a 2-1/4 month low. Bearish factors for crude prices included (1) reduced threat of an imminent U.S. attack on Syria after the U.S. and Russia agreed to eliminate Syria’s stockpiles of chemical weapons, and (2) expectations that the Fed will taper QE3 at this week's FOMC meeting. Closes: CLV3 -1.17 (-1.10%), RBV3 +0.0010 (+0.03%).

GLOBAL EVENT CALENDAR09/18/2013

US	0700 ET	Weekly MBA mortgage applications, previous -13.5% with purchase sub-index -2.7% and refi sub-index 20.2%.
	0830 ET	Aug housing starts expected +2.7% to 920,000, July +5.9% to 896,000. Aug building permits expected -0.4% to 950,000, July +3.9% to 954,000.
	1030 ET	EIA Weekly Petroleum Status Report.
	1400 ET	FOMC announces interest rate decision and updates its economic projections.
	1400 ET	Fed expected to cut QE3 monthly purchases by $10 billion to $75 billion from current $85 billion with monthly MBS purchases unchanged at $40 billion and a $10 billion cut in monthly Treasury purchases to $35 billion from $45 billion.
	1430 ET	Fed Chairman Ben Bernanke holds press conference following FOMC meeting.
UK	0430 ET	Minutes of Sep 4-5 BOE monetary policy meeting.
EUR	0500 ET	Eurozone July construction output, Jun +0.7% m/m and -3.0% y/y.
JPN	1950 ET	Japan Aug trade balance expected -1.1113trillion yen, July -1.028 trillion yen. Aug exports expected +14.5% y/y, July +12.2% y/y. Aug imports expected +18.5% y/y, July +19.6% y/y.

U.S. STOCK CALENDAR09/18/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
FedEx Corp	FDX US	7:30	Q1 2014 Earnings Release	Q1 2014	1.499
Dollar Tree Inc	DLTR US	8:00	Capital Markets Conference	Y 2013
Dick's Sporting Goods Inc	DKS US	8:00	Analyst Day	Y 2013
FedEx Corp	FDX US	8:30	Q1 2014 Earnings Call	Q1 2014
General Mills Inc	GIS US	8:30	Q1 2014 Earnings Call	Q1 2014
Oracle Corp	ORCL US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.561
General Mills Inc	GIS US		Q1 2014 Earnings Release	Q1 2014	0.7
Darden Restaurants Inc	DRI US		Annual General Meeting	Y 2013

B Communications - Barchart's Chart of the Day

Summary:

B Communications (BCOM) is the Chart of the Day. The diversified Internet communication company provides Internet services throughout Israel. In the last year the stock has soared 371.43% after s string of Trend Spotter buy signals.

Article:

The Chart of the Day is B Communications (BCOM). I found the stock by sorting the New High List for Weighted Alpha and the stock has a 325.16+ Weighed Alpha score. One of the advantages of using Barchart as a screener is that all stocks that have been trading for at least 6 months can be screened for all the Barchart indicators and features.

It provides various communications services in Israel. The company offers a range of telecommunications operations and services, including domestic fixed-line, cellular and international communication services, Internet services, multi-channel television, television and radio broadcasts, satellite broadcasts, and customer call centers.

100% Barchart technical indicators
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 101.41% in the last quarter
Relative Strength Index 69.88%
Barchart computes a technical support level at 14.82
Recently traded at 17.16 with a 50 day moving average of 12.40

Fundamental factors:

As I stated above using Barchart to screen stocks sometimes allows you the find stocks before the Wall Street crowd does. To date on Cowen and Co is following this stock and although they have a buy recommendation they have not made any revenue or earnings projections.