Friday, November 15, 2013

Noah Holdings - Chart of the Day

Noah Holdings (NOAH) is the Chart of the Day.  The company distributes wealth management product to high net worth clients in China.  The stock has a Trend Spotter buy signal,  a Weighted Alpha of 334.00+ and gained 350.66% in the last year.

Today's Chart of the Day is Noah Holdings (NOAH).  I found the stock by sorting the New High List and then sorted for Weighted Alpha.  Since the Trend Spotter signaled another buy on 11/4 the stock gained an additional 14.05%.

It is engaged in providing independent services primarily comprising of distribution of wealth management products to the high net worth population in China. It distributes over-the-counter wealth management products originated in China which mainly includes fixed income products, private equity funds and securities investment funds. The Company also delivers to its clients a continuum of value-added services including financial planning, product analysis and recommendation, product and market updates and investor education.



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
  • 4 new highs and up 20.92% in the last month
  • Relative strength Index 68.88%
  • Barchart computes a technical support level at 21.24
  • Recently traded at 23.75 with a 50 day moving average of 18.45
Fundamental factors:
  • Market Cap $1.30 billion
  • P/E 31.71
  • Dividend yield .55%
  • There are no analysts projections on revenue and earnings but Oppenheimer rates it to outperform the market
Pure technical play so watch the 50 day moving average for an exit point.



The 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks with the most consistent upward momentum.  The list includes Central Garden & Pet (CENTA), Abiomed (ABMD), Interactive Brokers (IBKR), Suncoke Energy (SXC) and Faro Technologies (FARO):

Central Garden & Pet (CENTA)


Barchart technical indicators:
  • 40% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 3.58% in the last
  • Relative Strength Index 58.43%
  • Barchart computes a technical support level at 7.40
  • Recently traded at 7.53 with a 50 day moving average of 7.07
Abiomed (ABMD)


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 36.53% in the last month
  • Relative Strength Index 78.62%
  • Barchart computes a technical support level at 26.74
  • Recently traded at 27.35 with a 50 day moving average of 22.05


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 19.78% in the last month
  • Relative Strength Index 89.96%
  • Barchart computes a technical support level at 22.92
  • Recently traded at 23.59 with a 50 day moving average of 19.85



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 20.24% in the last month'
  • Relative Strength Index 85.86
  • Barchart computes a technical support level at 21.28
  • Recently traded at 21.71 with a 50 day moving average of 18.40


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 35.32% in the last month
  • Relative Strength Index 78.44%
  • Barchart computes a technical support level at 52.73
  • Recently traded at 53.73 with a 50 day moving average of 43.21










BARCHART MORNING CALL 11/15

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 +0.21%) this morning are up +0.20% at a fresh record high and European stocks are up +0.08% on optimism the Fed won't withdraw stimulus immediately. Asian stocks closed higher: Japan +1.95%, Hong Kong +1.69%, China +2.01%, Taiwan +0.52%, Australia +0.86%, Singapore +0.32%, South Korea +2.23%, India closed for holiday. Global stocks found support from Fed Chair nominee Yellen's comments on Thursday that she is committed to promoting a strong U.S. economic recovery and will ensure monetary stimulus isn't removed too soon. Japanese exporters rallied and led the Nikkei Stock Index to a 5-1/2 month high as the yen weakened past 100 to the dollar for the first time in 2 months, which should boost exporters' profits. Commodity prices are mixed. Dec crude oil (CLZ13 +0.13%) is up +0.15%. Dec gasoline (RBZ13 -0.51%) is down -0.52%. Dec gold (GCZ13 -0.32%) is down -0.32% and Dec copper (HGZ13 -0.17%) is down -0.32%. Agricultural and livestock prices are mostly higher. The dollar index (DXY00 unch) is up +0.04%. EUR/USD (^EURUSD) is down -0.09%. USD/JPY (^USDJPY) is up +0.36% at a 2-month high as the yen weakened on speculation the BOJ may announce additional stimulus measures when it meets next week. December T-note prices (ZNZ13 -0.09%) are down -4 ticks.
Eurozone Oct CPI was -0.1% m/m, right on expectations, and on an annual basis was left unrevised at a 4-year low of +0.7% y/y. Oct core CPI was also left unrevised at +0.8% y/y.
EU Economic and Monetary Affairs Commissioner Rehn said "The gradual recovery is underway in Europe," and that challenges remain for Spain and Ireland.
Moody's Investors Service cut its senior holding company ratings one level on four of the biggest U.S. banks: Morgan Stanley, Goldman Sachs, JPMorgan Chase and Bank of New York Mellon, saying the government would be less likely to help them repay creditors in a crisis.
U.S. STOCK PREVIEW
Today’s Oct industrial production report is expected to show a modest increase of +0.2% following the +0.6% increase seen in Sep. Today’s Nov Empire manufacturing index is expected to show a +3.48 to 5.00, reversing part of the -4.77 point decline to 1.52 seen in October. Today’s Oct import price index is expected to show declines of -0.5% m/m and -1.7% y/y following the Sep report of +0.2% m/m and -1.0% y/y. There are no major earnings reports today. Equity conferences during the remainder of this week include: Morgan Stanley Asia Pacific Summit on Thu, and Mexico Investors Forum 2013 on Fri.
OVERNIGHT U.S. STOCK MOVERS
Morgan Stanley reiterated its 'Overweight' rating on Amazon.com (AMZN +3.14%) and raised its price target on the stock to $404 from $380.
TransDigm (TDG -2.21%) was upgraded to 'Buy' from 'Hold' at KeyBanc.
Kellogg (K +1.33%) was downgraded to 'Underweight' from 'Equal Weight' at Barclays.
JPMorgan Chase (JPM +0.48%) reported October net credit losses of 2.82% vs. 2.63% in Sep and October delinquency rate of 1.60% vs. 1.57% in Sep.
Travel Centers of America (TA +0.37%) announced that it has agreed to acquire 31 convenience stores with retail gasoline stations for $67 million.
Reuters reported that Comcast (CMCSA +0.63%) is planning to begin selling movies for download and streaming through the cable operator's set-top boxes and its Xfinity TV website.
Kimberly Clark (KMB +0.80%) climbed nearly 7% in after-hours trading after it said that it is pursuing a spin-off of its health care business.
Agilent (A -1.29%) reported Q4 adjusted EPS of 81 cents, stronger than consensus of 76 cents.
Nordstrom (JWN +0.08%) reported Q3 EPS of 69 cents, higher than consensus of 66 cents.
Applied Materials (AMAT -0.62%) reported Q4 adjusted EPS of 19 cents, better than consensus of 18 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 +0.21%) this morning are up +3.50 points (+0.20%) at a fresh record high. The S&P 500 index on Thursday posted a record high and closed higher. Bullish factors for stocks included (1) comments from Fed Chair nominee Yellen who said "it is imperative that we do what we can to promote a strong recovery," which signals the Fed will maintain the current pace of QE3, and (2) additional comments from Yellen who said that she sees "no evidence of an asset-price bubble" in the stock market. Closes: S&P 500 +0.48%, Dow Jones +0.35%, Nasdaq 100 +0.28%.
Dec 10-year T-notes (ZNZ13 -0.09%) this morning are down -4 ticks. Dec 10-year T-note prices on Thursday closed higher. Supportive factors for T-notes included (1) comments from Fed Chair nominee Yellen who said she will continue with the current pace of QE3 until the economy improves, and (2) bond dealer short-covering after the Treasury concluded its $70 billion sale of T-notes and T-bonds in its quarterly refunding. Closes: TYZ3 +15.50, FVZ3 +9.50.
The dollar index (DXY00 unch) this morning is up +0.032 (+0.04%). EUR/USD (^EURUSD) is down -0.0012 (-0.09%). USD/JPY (^USDJPY) is up +0.36 (+0.36%) at a 2-month high. The dollar index on Thursday closed higher after Fed Chair nominee Yellen said she is committed to promoting a strong economic recovery, which would be dollar positive. USD/JPY rose to a 2-month high as the yen weakened on speculation the slowdown in Japan Q3 GDP will prompt the BOJ to increase its asset purchases to stimulate growth. Closes: Dollar index +0.097 (+0.12%), EUR/USD -0.00278 (-0.21%), USD/JPY +0.775 (+0.78%).
Dec WTI crude oil (CLZ13 +0.13%) this morning is up +14 cents (+0.15%) and Dec gasoline (RBZ13 -0.51%) is down -0.0140 (-0.52%). Dec crude oil and gasoline prices on Thursday closed mixed. Dec crude sank to a 5-1/4 month low on bearish factors that included (1) the +2.64 million bbl increase in weekly EIA inventories to a 4-1/2 month high of 388.1 million bbl, (2) the +1.69 million bbl increase in inventories at Cushing, OK, the delivery hub for WTI futures, to a 3-month high of 38.2 million bbl, and (3) the increase in U.S. crude production in the week ended Nov 8 by +1.6% to a 24-3/4 year high of 7.981 million barrels a day. Dec gasoline rose to a 4-week high after weekly EIA gasoline stockpiles tumbled -838,000 bbl to an 11-1/2 month low of 209.2 million bbl. Closes: CLZ3 -0.12 (-0.13%), RBZ3 +0.0557 (+2.12%).
GLOBAL EVENT CALENDAR11/15/2013
US0830 ETNov Empire manufacturing index expected +3.48 to 5.00, Oct -4.77 to 1.52.
0830 ETOct import price index expected -0.5% m/m and -1.6% y/y, Sep +0.2% m/m and -1.0% y/y.
0830 ETUSDA weekly Export Sales.
0915 ETOct industrial production expected +0.2%, Sep +0.6%. Oct manufacturing production expected +0.2%, Sep +0.1%. Oct capacity utilization expected unch at 78.3%.
1000 ETSep wholesale inventories expected +0.4%, Aug +0.5%. Sep wholesale trade sales expected +0.3%, Aug +0.6%.
EUR0500 ETRevised Eurozone Oct CPI, previous +0.7% y/y and core CPI +0.8% y/y.
U.S. STOCK CALENDAR11/15/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Towers Watson & CoTW US8:00Annual General MeetingY 2013
General Electric CoGE US10:00Investor Meeting - GE CapitalY 2013
Sysco CorpSYY US11:00Annual General MeetingY 2013
Twenty-First Century Fox IncFOXA USU.S. Box Office Release of Movie The Book Thief""
Questar CorpSTR USRoadshow - West Coast - Day 2Y 2013
Molex IncMOLX USAnnual General Meeting - M&A VoteY 2013

Thursday, November 14, 2013

Canadian Solar - Chart of the Day

Canadian Solar (CSIQ) is the Chart of the Day.  Since this stock was featured as the Chart of the Day on 9/25 the stock has gained an additional 209.74% so I thought we'd revisit it.


The Chart of the Day is Canadian Solar (CSIQ).  I sorted the New High List for Weighted Alpha and this stock has a WA of 1,376.33+ and is up 1,534.87% in the last year. It was the COD on 9/25 and since the Trend Spotter gave a buy signal on 9/5 the stock is up 226.74%.

It is a solar module producer. The Company offers ingots, wafers, solar cells, solar modules and other solar applications for on-grid and off-grid use to customers worldwide. It also designs and produces specialty solar modules and products such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers.





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
  • 14 new highs and up 54.98% in the last month
  • Relative Strength Index 72.79%
  • Barchart computes a technical support level at 27.84
  • Recently traded at 31.88 with a 50 day moving average of 20.56
Fundamental factors:
  • Market Cap $1.39 billion
  • Revenue projected to grow by 36.70% this year and another 39.70% next year
  • Earnings estimated to increase by 109.50% this year, an additional 502.80% next year and continue to increase at an annual rate of 10.00% for the next 5 years
  • Wall Street analysts still have 4 buy recommendations in place
I see the 4 analysts buy recommendations but after a 1,534.87% run up in the last year I not a buyer at this level.  Start reaping any gains you have to preserve your profits.  Don't be greedy and stay in too long.

The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Stocks Index to find the stocks with the most consistent gains in the last month.  The list includes Teleflex (TFX), Commercial Metals (CMC), Waddell and Reed Financial (WDR), Alliance Data Systems (ADS), and 3D Systems (DDD):

Teleflex (TFX)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 11.60% in the last month
  • Relative Strength Index 81.12%
  • Barchart computes a technical support level at 93.40
  • Recently traded at 95.04 with a 50 day moving average of 85.26


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 13.57% in the last month
  • Relative Strength Index 72.53%
  • Barchart computes a technical support level at 18.43
  • Recently traded at 19.06 with a 50 day moving average of 17.30


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 17.87% in the last month
  • Relative Strength Index 73.44%
  • Barchart computes a technical support level at 62.73
  • Recently traded at 65.35 with a 50 day moving average of 56.23


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 11.27% in the last month
  • Relative Strength Index 76.86%
  • Barchart computes a technical support level at 237.12
  • Recently traded at 251.05 with a 50 day moving average of 223.13


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 45.70% in the last month
  • Relative Strength Index 82.91%
  • Barchart computes a technical support level at 74.07
  • Recently traded at 78.39 with  50 day moving average of 58.12










Consolidated Water and Dynamic Research Sell Signals

Today I deleted Consolidated Water (CWCO) and Dynamics Research (DRCO) for the Barchart Van Meerten Speculative portfolio for negative price momentum:

Hourly trading charts used

Consolidated Water (CWCO)


Barchart technical indicators:
  • 60% short term sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 31.21% off its recent high
  • Relative Strength Index 23.92%


Barchart technical indicators:
  • 60% short term technical sell signals
  • Trend spotter sell signal
  • Below its 20 and 50 day moving averages
  • 6.11% off its recent high
  • Relative Strength Index 40.74%




BARCHART MORNING CALL 11/14

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 +0.11%) this morning are up +0.15% at a record high and European stocks are up +0.40%. Asian stocks closed higher: Japan +2.12%, Hong Kong +0.82%, China +0.72%, Taiwan +0.38%, Australia +0.68%, Singapore +0.77%, South Korea +0.16%, India +1.02%. Dovish comments Wednesday evening from outgoing Fed Chair Bernanke and incoming Fed Chair Yellen lifted global stocks on signs the Fed will maintain its pace of asset purchases. Japan's Nikkei Stock Index climbed to a 5-1/2 month high on speculation the BOJ will increase its stimulus measures after Japan Q3 GDP slowed from Q2. Commodity prices are mixed. Dec crude oil (CLZ13 -0.35%) is down -0.22%. Dec gasoline (RBZ13 +0.88%) is up +0.85 at a 3-week high. Dec gold (GCZ13 +1.02%) is up +1.17% and Dec copper (HGZ13 -0.22%) is down -0.47% at a 3-1/4 month low. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.23%) is up +0.26%. EUR/USD (^EURUSD) is down -0.38%. USD/JPY (^USDJPY) is up +0.73% at a 2-month high as the slowdown in Japan Q3 GDP undercut the yen and bolstered speculation the BOJ will increase its asset purchases to stimulate growth. December T-note prices (ZNZ13 +0.15%) are up +7 ticks.
In prepared remarks released Wednesday afternoon after U.S. markets closed, Fed Chair nominee Yellen signaled the Fed will maintain QE3 at current levels when she said "supporting the recovery today is the surest path to returning to a more normal approach to monetary policy."
Speaking at a town hall meeting Wednesday evening, Fed Chairman Bernanke said the Fed is falling short on its dual mandate to ensure price stability and full employment and that "we need a stronger, more rapidly moving economy."
UK Oct retail sales ex autos fell -0.6% m/m and rose +2.3% y/y, weaker than expectations of -0.1% m/m and +3.1% y/y. Oct retail sales including autos fell -0.7% m/m and rose +1.8% y/y, also weaker than expectations of unch m/m and +3.1% y/y.
Eurozone Q3 GDP rose +0.1% q/q and fell -0.4% y/y, slightly less than expectations of +0.1% q/q and -0.3% y/y.
German Q3 GDP rose +0.3% q/q and +0.6% y/y, right on expectations.
Japan Q3 GDP rose +1.9% q/q annualized, better than expectations of +1.7% q/q annualized, but slower than the +3.8% q/q annualized in Q2. The Q3 GDP deflator fell -0.3% y/y, less than expectations of -0.5% y/y. Q3 GDP consumer spending rose +0.1% q/q, less than expectations of +0.2% and Q3 GDP business spending rose +0.2% q/q, also less than expectations of +1.0% q/q.
Japan Sep industrial production was revised down to +1.3% m/m and +5.1% y/y from the originally reported +1.5% m/m and +5.4% y/y.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a decline of -6,000 to 330,000, adding to last week’s decline of -9,000 to 336,000. Meanwhile, today’s continuing claims series is expected to show a small increase of +2,000 to 2.870 million, adding to last week’s increase of +4,000 to 2.868 million. Today’s Sep trade deficit report is expected to widen slightly to -$39.0 billion from -$38.8 billion in August. The Treasury today will sell $16 billion in 30-year T-bonds, concluding this week’s $70 billion refunding operation. There are 8 of the S&P 500 companies that report earnings today: Viacom (consensus $1.44), Tyco (0.52), Wal-Mart (1.13), Helmerich & Payne (1.40), Kohl's (0.86), Agilent Technologies (0.76), Applied Materials (0.18), and Nordstrom (0.67).
Equity conferences during the remainder of this week include: Goldman Sachs Industrials Conference on Wed-Thu, Morgan Stanley Global Chemicals and Agriculture Conference on Wed-Thu, UBS Building and Building Products CEO Conference on Thu, Barclays Software Defined Data Center Forum on Thu, SunTrust Robinson Humphrey Financial Technology, Business and Government Servic on Thu, Morgan Stanley Asia Pacific Summit on Thu, and Mexico Investors Forum 2013 on Fri.
OVERNIGHT U.S. STOCK MOVERS
Wal-Mart (WMT +0.24%) reported Q3 EPS of $1.14, higher than consensus of $1.13.
Kohl's (KSS +1.15%) reported Q3 EPS of 81 cents, weaker than consensus of 86 cents, and then lowered guidance on fiscal 2013 EPS view to $4.08-$4.23 from $4.15-$4.35, less than consensus of $4.23.
Viacom (VIAB +1.23%) reported Q4 EPS of $1.55, well ahead of consensus of $1.44.
Helmerich & Payne (HP +0.31%) reported Q4 EPS of $1.47, better than consensus of$1.40.
Sally Beauty (SBH +1.02%) reported Q4 EPS of 38 cents, less than consensus of 39 cents.
Cardinal Health (CAH +1.48%) was awarded a maximum $1.02 billion government contract modification for prime vendor medical and surgical supplies.
Kinross Gold (KGC +1.63%) reported Q3 adjusted EPS of 5 cents, higher than consensus of 4 cents.
Tetra Tech (TTEK -0.30%) reported Q4 EPS of 39 cents, better than consensus of 36 cents.
BorgWarner (BWA +0.46%) announced a two-for-one stock split to all shareholders of record as of the close of business on December 2.
SeaWorld (SEAS +2.82%) reported Q3 EPS of $1.33, mauch better than consensus of $1.21.
Cisco (CSCO +1.14%) tumbled 11% in after-hours trading after it reported Q1 adjusted EPS of 53 cents, higher than consensus of 51 cents, but then lowered guidance on fiscal 2014 adjusted EPS to $1.95-$2.05, below consensus of $2.10.
NetApp (NTAP +2.71%) fell 3% in after-hours trading after it reported Q2 EPS of 66 cents, better than consensus of 63 cents, but reported Q2 revenue of $1.55 billion, below consensus of $1.6 billion.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 +0.11%) this morning are up +2.75 points (+0.15%). The S&P 500 index on Wednesday shook off early losses and rallied to a new all-time high. Bullish factors included (1) comments from Janet Yellen, the next Fed Chair, who said the economy and labor markets are performing “far short of their potential” and must improve before the Fed can begin cutting monetary stimulus, and (2) strength in retail stocks after Macy’s surged 9% on better-than-expected earnings and fueled optimism about the holiday shopping season. Closes: S&P 500 +0.81%, Dow Jones +0.45%, Nasdaq 100 +1.20%.
Dec 10-year T-notes (ZNZ13 +0.15%) this morning are up +7 ticks. Dec 10-year T-note prices on Wednesday closed higher. The major supportive factor was the dovish statement from Janet Yellen that fueled speculation the Fed will maintain the current pace of bond buying when she said the economy must improve before the Fed can begin tapering bond purchases. Closes: TYZ3 +14.50, FVZ3 +8.75.
The dollar index (DXY00 +0.23%) this morning is up +0.209 (+0.26%). EUR/USD (^EURUSD) is down -0.0051 (-0.38%). USD/JPY (^USDJPY) is up +0.72 (+0.73%) at a 2-month high. The dollar index on Wednesday closed lower on speculation that Fed will maintain QE3 into next year on dovish comments from Janet Yellen, the next Fed Chair. Gains in EUR/USD were limited after ECB Executive Board member Praet said the ECB is prepared to take additional steps to prevent the Eurozone from slipping into deflation. Closes: Dollar index -0.266 (-0.33%), EUR/USD +0.00509 (+0.38%), USD/JPY -0.396 (-0.40%).
Dec WTI crude oil (CLZ13 -0.35%) this morning is down -21 cents (-0.22%) and Dec gasoline (RBZ13 +0.88%) is up +2.23 cents (+0.85%) at a 3-week high. Dec crude oil and gasoline prices on Wednesday closed higher on (1) ongoing worker protests in Libya that have disrupted the country’s oil exports, which plunged to 250,000 barrels a day on Nov 10, well below the average of 1.28 million bpd in the first six months of this year, and (2) strength in gasoline which climbed to a 3-week high on speculation that refiners will use more crude to process gasoline after the crack spread, the profit from processing 3 barrels of crude into 2 gasoline and 2 of heating oil, rose to a 3-1/4 month high of $19.94 a barrel. Closes: CLZ3 +0.84 (+0.90%), RBZ3 +0.0416 (+1.61%).
GLOBAL EVENT CALENDAR11/14/2013
US0830 ETWeekly initial unemployment claims expected -6,000 to 330,000, previous -9,000 to 336,000. Weekly continuing claims expected +2,000 to 2.870 million, previous +4,000 to 2.868 million.
0830 ETSep trade balance expected -$39.0 billion, Aug -$38.8 billion.
0830 ETQ3 non-farm productivity expected +2.2%, Q2 +2.3%. Q3 unit labor costs expected -0.1%, Q2 unch.
0900 ETPhiladelphia Fed President Charles Plosser speaks on monetary policy at the Cato Institute.
1000 ETFed Vice-Chairman Janet Yellen testifies before the Senate Banking Committee regarding her nomination to become the next Fed chair.
1100 ETEIA Weekly Petroleum Status Report.
1100 ETTreasury announces amount of 10-year TIPS to be auctioned Nov 21.
1300 ETTreasury auctions $16 billion 30-year T-bonds.
GER0200 ETGerman Q3 GDP expected +0.3% q/q and +0.6% y/y, Q2 +0.7% q/q and +0.5% y/y.
UK0430 ETUK Oct retail sales ex autos expected -0.1% m/m and +3.1% y/y, Sep +0.7% m/m and +2.8% y/y
0430 ETUK Oct retail sales including autos expected unch m/m and +3.1% y/y, Sep +0.6% m/m and +2.2% y/y.
EUR0500 ETEurozone Q3 GDP expected +0.1% q/q and -0.3% y/y, Q2 +0.3% q/q and -0.5% y/y.
U.S. STOCK CALENDAR11/14/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Dillard's IncDDS USBef-mktQ3 2014 Earnings ReleaseQ3 20141.05
Helmerich & Payne IncHP USBef-mktQ4 2013 Earnings ReleaseQ4 20131.404
Kohl's CorpKSS USBef-mktQ3 2014 Earnings ReleaseQ3 20140.855
Wal-Mart Stores IncWMT USBef-mktQ3 2014 Earnings ReleaseQ3 20141.127
Viacom IncVIAB USBef-mktQ4 2013 Earnings ReleaseQ4 20131.438
TransDigm Group IncTDG USBef-mktQ4 2013 Earnings ReleaseQ4 20131.705
Sally Beauty Holdings IncSBH USBef-mktQ4 2013 Earnings ReleaseQ4 20130.392
Wal-Mart Stores IncWMT US7:00Q3 2014 Earnings CallQ3 2014
F5 Networks IncFFIV US8:00Analyst and Investor MeetingY 2013
Kohl's CorpKSS US8:30Q3 2014 Earnings CallQ3 2014
Viacom IncVIAB US8:30Q4 2013 Earnings CallQ4 2013
Mallinckrodt PLCMNK US8:30Investor BriefingY 2013
Progressive Corp/ThePGR US9:00Investor Relations Conferece Call
Nordstrom IncJWN USAft-mktQ3 2014 Earnings ReleaseQ3 20140.665
Applied Materials IncAMAT USAft-mktQ4 2013 Earnings ReleaseQ4 20130.181
Bristol-Myers Squibb CoBMY USFDA Adcomm, tasimelteon, Non-24-Hour Disorder in the totally blind
Questar CorpSTR USRoadshow - West Coast - Day 1Y 2013
Western Digital CorpWDC USAnnual General Meeting
Thomson Reuters CorpTRI CNAnnual General MeetingY 2013

Wednesday, November 13, 2013

Daqo New Energy - Chart of the Day

Daqo New Energy (DQ) is the Chart of the Day.  The high flying Chinese Polysilicon manufacturer is on a rocket climb.  The stock has a Trend Spotter buy signal, Weighted Alpha of 481.60+ and gained 1,077.50% in the last year.

The Chart of the Day is Daqo New Energy (DQ).  I found the stock by sorting the New High List for Weighted Alpha and this stock has a WA of 481.60+.  Since the Trend Spotter signaled a buy back on 8/23 this stock has shot up 456.78%!

It is engaged in the manufacture and sale of high-quality polysilicon to photovoltaic product manufacturers. The polysilicon is further processed into ingots, wafers, cells and modules for solar power solutions.




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
  • 5 new highs and up 70.71% in the last month
  • Relative Strength Index 69.53%
  • Barchart computes a technical support level at 33.22
  • Recently traded at 46.57 with a 50 day moving average of 27.10
Fundamental factors:
  • Market Cap $321.87 million
  • P/E 10.14
  • The company keeps upping their shipment projections
  • Only 2 Wall Street firms follow the stock and one is bullish and the other bearish
  • On Motley Fool the individual investors who follow the stock give a 51% bull vs 49% bear vote
Please don't buy in at this level.  The only thing riskier than a small cap Chinese stock is a small cap Chinese stock that is up 1,077.50% in the last year.  You would be very foolish not to rake off some of the gains you've made.  Don't try to ride it all the way to the top.

The 5 Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index to find 5 stocks that had exceptionally consistent advances in the last month.  The list includes Constellation Brands (STZ),  Bank of New York Mellon (BK), Legg Mason (LM), Comerica (CMA) and Intuit (INTU):

Constellation Brands (STZ)


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 6.62% in the last month
  • Relative Strength Index 71.29%
  • Barchart computes a technical support level at 66.00
  • Recently traded at 67.19 with a 50 day moving average of 61.63



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 6.82% in the last month
  • Relative Strength Index 62.80%
  • Barchart computes a technical support level at 32.14
  • Recently traded at 32.90 with a 50 day moving average of 31.25


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 13.89% in the last month
  • Relative Strength Index 66.42%
  • Barchart computes a technical support level at 38.85
  • Recently traded at 39.54 with a 50 day moving average of 35.79
Comerica (CMA)


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 9.77% in the last month
  • Relative Stength Index 66.78%
  • Barchart computes a technical support level at 43.89
  • Recently traded at 44.59 with a 50 day moving average of 41.39
Intuit (INTU)


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 8.31% in the last month
  • Relative Strength Index 74.41%
  • Barchart computes a technical support level at 71.77
  • Recently traded at 72.54 with a 50 day moving average of 68.03












Barchart Morning Call 11/13

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 -0.35%) this morning are down -0.25% and European stocks are down -0.49% on speculation stronger-than-expected economic data will prompt central banks to curb their stimulus measures. Asian stocks closed lower: Japan -0.15%, Hong Kong -1.91%, China -2.22%, Taiwan -1.11%, Australia -1.37%, Singapore -0.42%, South Korea -1.82%, India -0.43%. UK jobless claims fell more than expected last month and the Sep unemployment rate fell to its lowest level in 4-1/2 years. China's Shanghai Stock Index tumbled over 2% to a 2-1/4 month low after a communique at the end of China's 4-day plenum failed to provide details of financial reforms, while Japanese stocks fell after Japan Sep machine orders fell more than expected. Commodity prices are mixed. Dec crude oil (CLZ13 +0.24%) is up +0.10%. Dec gasoline (RBZ13 +1.14%) is up +1.09%. Dec gold (GCZ13 +0.17%) is up +0.17% and Dec copper (HGZ13 -1.47%) is down -1.27% at a 3-month low after China refined copper production rose +23% y/y to a record 637,000 MT. Agricultural and livestock prices are mixed. The dollar index (DXY00 -0.06%) is down -0.03%. EUR/USD (^EURUSD) is down -0.13%. USD/JPY (^USDJPY) is down -0.15%. December T-note prices (ZNZ13 +0.14%) are up +4 ticks.
UK Oct jobless claims fell -41,700, a bigger decline than expectations of -30,000, and Sep was revised to -44,700, also a bigger decline than expectations of -41,700. The Oct claimant count rate fell to 3.9% from 4.0% in Sep, right on expectations and the lowest in 4-3/4 years.
The UK Sep ILO unemployment rate fell -0.1 to 7.6% for the 3-months ended in Sep, right on expectations and the lowest in 4-1/2 years.
Eurozone Sep industrial production fell -0.5% m/m, a bigger decline than expectations of -0.3% m/m, while on an annual basis it climbed +1.1% y/y, better than expectations of no change.
Japan Oct domestic CGPI fell-0.1% m/m and rose +2.5% y/y, close to expectations of -0.2% m/m and +2.5% y/y.
Japan Sep machine orders fell -2.1% m/m and rose +11.4% y/y, weaker than expectations of -1.8% m/m and +12.5% y/y.
U.S. STOCK PREVIEW
The Treasury continues this week’s $70 billion quarterly refunding operation by selling $24 billion in 10-year T-notes today. The Treasury will then sell $16 billion in 30-year bonds on Thursday. There are 3 of the S&P 500 companies that report earnings today: Macy's (consensus $0.39), NetApp (0.63), Cisco Systems (0.51).
Equity conferences during the remainder of this week include: Jefferies Global Energy Conference on Tue-Wed, Barclays Global Automotive Conference on Tue-Wed, RBC Capital Markets Technology, Media & Telecommunications Conference on Tue-Wed, Bank of America Merrill Lynch Banking & Financial Services Conference on Tue-Wed, Cowen & Co. Global Metals, Mining and Materials Conference on Wed, J.P. Morgan Ultimate Services Investor Conference on Wed, Goldman Sachs Industrials Conference on Wed-Thu, Morgan Stanley Global Chemicals and Agriculture Conference on Wed-Thu, UBS Building and Building Products CEO Conference on Thu, Barclays Software Defined Data Center Forum on Thu, SunTrust Robinson Humphrey Financial Technology, Business and Government Servic on Thu, Morgan Stanley Asia Pacific Summit on Thu, and Mexico Investors Forum 2013 on Fri.
OVERNIGHT U.S. STOCK MOVERS
Health Management (HMA -0.08%) reported a Q3 EPS loss of -1 cent ex-items, well below consensus of a 15 cent profit.
Transocean (RIG -0.42%) was upgraded to 'Buy' from 'Neutral' at Guggenheim.
Qualcomm (QCOM +1.32%) was upgraded to 'Conviction Buy' from 'Buy' at Goldman with an $80 price target.
Western Refining (WNR +9.15%) was upgraded to 'Buy' from 'Neutral' at UBS.
Dean Foods (DF -7.66%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.
PetroChina (PTR -1.46%) acquired Petrobras (PBR -2.61%) assets in Peru for approximately $2.6 billion.
U.S. Steel (X -0.66%) rose nearly 3% in pre-market trading after Morgan Stanley upgraded the stock to 'Overweight' from 'Equal Weight.'
NGL Energy Partners (NGL -1.28%) reported a Q2 EPS loss of -5 cents, weaker than consensus of a 5 cent profit.
Bloomberg reported that Johnson & Johnson (JNJ -0.77%) will pay over $4 billion to settle more than 7,500 suits filed in federal and state courts against its DePuy unit by patients who’ve already had recalled hip implants removed.
SAC Capital reported a 5.0% passive stake in Vitamin Shoppe (VSI +2.58%) .
Babcock & Wilcox (BWC -0.47%) reported Q3 adjusted EPS of 57 cents, better than consensus of 55 cents, although Q3 revenue of $774.8 million was below consensus of $851.45 million.
YUm! Brands (YUM -0.35%) reported itsOctober same-store sales declined an estimated 5% for the China Division.
Woodward (WWD +0.20%) reported Q4 EPS of 76 cents, stronger than consensus of 70 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 -0.35%) this morning are down -4.50 points (-0.25%). The S&P 500 index on Tuesday closed lower. Stocks fell on speculation the Fed may taper QE3 as soon as next month after Atlanta Fed President Lockhart said reducing bond purchases “ought to be on the table at upcoming meetings” by the FOMC including next month’s meeting. Closes: S&P 500 -0.24%, Dow Jones -0.21%, Nasdaq 100 +0.07%.
Dec 10-year T-notes (ZNZ13 +0.14%) this morning are up +4 ticks. Dec 10-year T-note prices on Tuesday slipped to a 3-1/2 week low and closed lower. Market sentiment remains bearish for T-note prices after Friday’s larger-than-expected increase in Oct non-farm payrolls heightened speculation the Fed is closer to tapering QE3. Another negative for T-notes is supply pressures with the Treasury auctioning $70 billion of Treasury securities in this week’s quarterly refunding. Closes: TYZ3 -4.00, FVZ3 -4.00.
The dollar index (DXY00 -0.06%) this morning is down -0.025 (-0.03%). EUR/USD (^EURUSD) is down -0.0017 (-0.13%). USD/JPY (^USDJPY) is down -0.15 (-0.15%). The dollar index on Tuesday closed higher on speculation that strength in the U.S. economy will prompt the Fed to cut its dollar-negative QE3 program. USD/JPY jumped up to a 1-3/4 month high as the yen weakened after Japan Oct consumer confidence fell to a 10-month low. Closes: Dollar index +0.101 (+0.12%), EUR/USD +0.0029 (+0.22%), USD/JPY +0.482 (+0.49%).
Dec WTI crude oil (CLZ13 +0.24%) this morning is up +9 cents (+0.10%) and Dec gasoline (RBZ13 +1.14%) is up +0.0281 (+1.09%). Dec crude oil and gasoline prices on Tuesday closed lower as Dec crude sank to a 4-1/2 month low. Bearish factors included (1) a stronger dollar, (2) the monthly report from OPEC that said global oil markets are “well-supplied,” and (3) expectations that U.S. crude supplies will rise for the eighth consecutive week when the EIA reports weekly crude inventories on Thursday. Closes: CLZ3 -2.10 (-2.21%), RBZ3 -0.0101 (-0.39%).
GLOBAL EVENT CALENDAR11/13/2013
US0700 ETWeekly MBA mortgage applications, previous -7.0% with purchase sub-index -5.2% and refi sub-index -7.9%.
1300 ETTreasury auctions $24 billion 10-year T-notes.
1400 ETOct monthly budget statement expected -$100.00 billion, Sep +$75.07 billion.
1630 ETAPI weekly U.S. oil statistics.
1900 ETFed Chairman Ben Bernanke holds a town hall meeting with educators in Washington D.C.
UK0430 ETUK Oct jobless claims change expected -30,000, Sep -41,700. Oct claimant count rate expected 3.9%, Sep 4.0%.
0430 ETUK Sep avg weekly earnings expected +0.7% 3-mo/year-over-year, Aug +0.7% 3-mo/year-over-year. Sep avg weekly earnings ex-bonus expected +0.9% 3-mo-/year-over-year, Aug +0.8% 3-mo/year-over-year.
0430 ETUK Sep ILO unemployment rate expected -0.1 to 7.6% 3-months, Aug 7.7% 3-months.
0530 ETBOE monthly inflation report.
EUR0500 ETEurozone Sep industrial production expected -0.3% m/m and unch y/y Aug +1.0% m/m and -2.1% y/y.
JPN1850 ETJapan Q3 GDP expected +0.4% q/q and +1.7% y/y, Q2 +0.9% q/q and +3.8% y/y. Q3 GDP deflator expected 0.5% y/y, Q2 -0.5% y/y.
1850 ETJapan Q3 GDP consumer spending expected +0.2% q/q, Q2 +0.7% q/q. Q3 GDP business spending expected +1.0% q/q, Q2 +1.3% q/q.
2330 ETRevised Japan Sep industrial production, previous +1.5% m/m and +5.4% y/y. Sep capacity utilization, Aug 2.1% m/m.
CHIn/aChina Oct foreign direct investment expected +5.7% y/y, Sep +4.9% y/y.
U.S. STOCK CALENDAR11/13/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Progressive Corp/ThePGR USBef-mktOctober 2013 Sales and Revenue Release2013
Macy's IncM US8:00Q3 2014 Earnings ReleaseQ3 20140.39
Starbucks CorpSBUX US9:00Arbitration with Kraft
Pentair LtdPNR US9:30Investor & Analyst DayY 2013
Macy's IncM US10:30Q3 2014 Earnings CallQ3 2014
JDS Uniphase CorpJDSU US12:00Annual General MeetingY 2013
WW Grainger IncGWW US13:00Analyst Meeting2013
NetApp IncNTAP US16:01Q2 2014 Earnings ReleaseQ2 20140.626
Cisco Systems IncCSCO US16:30Q1 2014 Earnings ReleaseQ1 20140.505
Cisco Systems IncCSCO US16:30Q1 2014 Earnings CallQ1 2014
NetApp IncNTAP US17:30Q2 2014 Earnings CallQ2 2014

Tuesday, November 12, 2013

Power Solutions International - Chart of the Day

Power Solutions International (PSIX) is the Chart of the Day.  The non-automotive engine producer and distributor has a Trend Spotter buy signal, a Weighted Alpha of 346.20+ and gained 349.57% in the last year.

The Chart of the Day is Power Solutions International (PSIX).  The stock was right near the top of the New High List when I sorted for its 346.20+ Weighted Alpha.   Since the last Trend Spotter buy signal on 10/29 the stock has gained 18.41%.

They are engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The Company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. They also offer low-emission standard fuel and hybrid power solutions, and diesel power systems.



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
  • 10 new highs and up 28.53% in the last month
  • Relative Strength Index 71.25%
  • Barchart computes a technical support level at 55.85
  • Recently traded at 68.56 with a 50 day moving average of 57.16
Fundamental factors:
  • Market Cap $635.55
  • P/E 69.86
  • Revenue projected to grow by 23.50% this year and another 9.50% next year
  • Earnings estimated to increase 11.10% this year, an additional 52.20% next year and continue to increase 31.67% annually for the next 5 years
  • Wall Street analysts issued 1 strong buy, 3 buy and 2 hold recommendations
The stock has a rise of over 300% in the last year so make sure you monitor the 50 day moving average closely to preserve your gains.