Friday, December 6, 2013

Micron Technologies - Barchart's Chart of the Day

Micron Technologies (MU) is the Chart of the Day.  The provider of semiconductor memory solutions has a Trend Spotter buy signal, a Weighted Alpha of 233.27+ and gained 248.05% in the last year.

The Chart of the Day is Micron Technologies (MU).  I found the stock by sorting the New High List for frequency, and then used the Flipchart feature to review the charts skipping over those that didn't have positive gains for the last week and month.

It provides semiconductor memory solutions. The company's memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The company's mission is to be the most efficient and innovative global provider of semiconductor memory 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:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 27.49% in the last month
  • Relative Strength Index 78.35%
  • Barchart computes a technical support level at 21.28
  • Recently traded at 22.31 with a 50 day moving average of 18.48
Fundamental factors:
  • Market Cap $23.17 billion
  • Analysts project revenue to grow 66.70% this year and another 4.50% next year
  • Earnings are estimated to increase 1244.40% this year, an additional 9.70% next year and continue to increase by 18.10% annually for the next 5 years
  • Wall Street analysts issued 8 strong buy, 7 buy, 13 hold, 2 under perform and a single sell recommendation on the stock
  • Financial Strength is B
Since the stock has been up and down over several years I'd advise you to watch the technical indicators especially the 100 day moving average to protect your gains.

Thursday, December 5, 2013

Cepheid - Barchart's Chart of the Day

Cepheid (CPHD) is the Chart of the Day.  The laboratory analytical instrument stock has a Trend Spotter buy, a Weighted Alpha of 52.40+ and is up 45.53% in the last year.

The Chart of the Day is Cepheid (CPHD).  I found the stock by sorting today's New High List for frequency, eliminating the stocks that haven't had positive gains for both the last week and month.  I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy in 10/18 the stock gained 13.57%.

The Company develops, manufactures and markets microfluidic systems that integrate, automate and accelerate biological testing. Their systems are miniaturized instruments that analyze complex biological samples in a disposable cartridge by combining molecular biology with microfluidic technology that processes small quantities of liquid, typically using components fabricated with computer chip technology. These systems rapidly perform all of the steps required to analyze complex biological samples.



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
  • 15 new highs and up 11.79% in the last month
  • Relative Strength Index 77.87%
  • Barchart computes a technical support level at 45.01
  • Recently traded at 46.19 with a 50 day moving average of 41.06
Fundamental factors:
  • Market Cap $3.12 billion
  • P/E 1,524
  • Analysts predict revenue will grow 17.80% this year and another 14.60% next year
  • Earnings are estimated to increase 26.70% this year, an additional 109.10% next year and continue to increase 15.00% annually for the next 5 years
  • Wall Street analysts issued 5 strong buy, 6 buy, 5 hold, 1 under perform and a single sell recommendation on this stock
  • Financial Strength is B
This stock is about to begin to show steady profits.  Watch the 50 day moving average for signs of weakness,

The 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index for frequency, then skipped over the stocks that did not have positive gains for the last week and month.  Finally I used the Flipchart feature to find the charts I liked.

Today's list includes Cyberonics (CYBX), Insight Enterprises (NSIT), Arris Group (ARRS), Sonic Corp (SONC) and Super Micro Computers (SMCI):

Cyberonics (CYBX)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 22.27% in the last month
  • Relative Strength Index 74.17%
  • Barchart computes a technical support level at 68.29
  • Recently traded at 69.32 with a 50 day moving average of 58.57



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 16.16% in the last month
  • Relative Strength Index 81.05%
  • Barchart computes a technical support level at 23.75
  • Recently traded at 24.27 with a 50 day moving average of 21.21


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 23.01% in the last month
  • Relative Strength Index 82.89%
  • Barchart computes a technical support level at 20.09
  • Recently traded at 21.21 with a 50 day moving average of 17.76
Sonic Corp (SONC)


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 8.97% in the last month
  • Relative Strength Index 73.33%
  • Barchart computes a technical support level at 21.14
  • Recently traded at 21.14 with a 50 day moving average of 18.92


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 14.42% in the last month
  • Relative Strength Index 80.37%
  • Barchart computes a technical support level at 15.82%
  • Recently traded at 16.50 with a 50 day moving average of 14.39






BARCHART MORNING CALL 12/5

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 unch) this morning are down -0.03% and European stocks are down -0.18%. Stock losses were limited ahead of the ECB interest rate decision and after the UK Office for Budget Responsibility raised its 2013 and 2014 growth estimates for the UK, the first upgrades in 3-years. As expected, the BOE maintained its benchmark interest rate at a record low of 0.50% and held its asset purchase target at 375 billion pounds. Asian stocks closed mostly lower: Japan -1.50%, Hong Kong -0.07%, China -0.28%, Taiwan -0.50%, Australia -1.44%, Singapore -1.15%, South Korea -0.15%, India +1.20%. Commodity prices are mixed. Jan crude oil (CLF14 +0.20%) is up +0.34%. Jan gasoline (RBF14 -0.11%) is down -0.04%. Feb gold (GCG14 -1.15%) is down -1.25%. March copper (HGH14 -0.46%) is down -0.42%. Agricultural and livestock prices are mixed. The dollar index (DXY00 -0.02%) is unchanged after it fell to a 4-week low. EUR/USD (^EURUSD) is down -0.05% and fell back from a 1-month high ahead of the ECB rate decision later today. USD/JPY (^USDJPY) is down -0.27%. March T-note prices (ZNH14 -0.01%) are up +1.5 ticks.
The UK Office for Budget Responsibility (OBR) raised its 2013 UK GDP forecast to 1.4% from 0.6%, its first growth-forecast upgrade since 2010, and also raised its UK 2014 GDP estimate to 2.4% from a Mar estimate of 1.8%.
UK Nov Lloyds employment confidence slipped -3 points to -14, falling back from an 8-1/3 year high in Oct of -11.
UK Nov new car registrations rose +7.0% y/y, a bigger increase than the +4.0% y/y gain from Oct.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show an increase of +5,000 to 321,000, reversing half of last week’s decline of -10,000 to 316,000. Meanwhile, continuing claims are expected to show an increase of +24,000 to 2.800 million following last week’s decline of -91,000 to 2.776 million. Today’s Q3 GDP report is expected to be revised higher to +3.1% (q/q annualized) from +2.8% due to a larger buildup of inventories. Today’s Oct factory orders report is expected to show a decline of -1.0% after the +1.7% increase seen in September.
There are 5 of the Russell 1000 companies that report earnings today: Kroger (consensus $0.53), Dollar General (0.70), Toro (0.03), Cooper Companies (1.80), and Ulta Salon (0.74). Equity conferences during the remainder of this week include: Credit Suisse Technology Conference on Tue-Thu, Credit Suisse Business Services Conference on Tue-Thu, Janney Industrials Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Union Pacific (UNP -0.66%) was upgraded to 'Strong Buy' from 'Outperform' at Raymond James.
Tiffany (TIF +0.18%) was upgraded to 'Conviction Buy' from 'Neutral' at Goldman.
Kohl's (KSS -1.57%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill.
Celgene (CELG +0.09%) was upgraded to 'Buy' from 'Neutral' at UBS.
CF Industries (CF +10.68%) was upgraded to 'Neutral' from 'Sell' at Goldman.
Exxon Mobil (XOM +0.30%) was downgraded to 'Outperform' from 'Strong Buy' at Raymond James after recent shae price gains.
Reuters reported that Ford's (F +0.36%) November China auto sales jump 47% y/y.
Dollar General (DG -0.19%) reported Q3 EPS of 72 cents, better than consensus of 70 cents.
Apple (AAPL -0.23%) rose nearly 2% in pre-market trading after three Chinese mobile phone carriers received government approval to start service on China's 4-G wireless network. This will allow China Mobile Ltd., the world's largest phone company, to beging selling Apple's iPhone to its 759 million subscribers.
General Growth Properties (GGP +0.10%) jumped over 3% in pre-market trading after it was anoounced that it will replace Molex (MOLX +0.13%) in the S&P 500 as of the 12/9 close.
Safeway (SWY -2.17%) fell nearly 3% in pre-market trading after Jana Partners LLC said it reduced its holdings in the stock to 4.1% from 6.2%.
Citigroup (C -0.17%) and Morgan Stanley (MS +0.52%) were both downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Avago (AVGO -0.63%) reported Q4 EPS of 89 cents, well above consensus of 82 cents.
Synopsys (SNPS -0.46%) reported Q4 adjusted EPS of 56 cents, higher than consensus of 55 cents, and then raised guidance on fiscal 2014 adjusted EPS to $2.55-$2.60, above consensus of $2.54.
Guess (GES -1.62%) reported Q3 adjusted EPS of 42 cents, higher than consensus of 38 cents.
Aeropostale (ARO -3.90%) reported a Q3 EPS ex-items loss of -29 cents, a wider loss than consensus of -24 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 unch) this morning are dpwn -0.50 of a point (-0.03%). The S&P 500 index on Wednesday slipped to a 1-1/2 week low on concern the Fed may taper QE3 sooner rather than later after (1) the Nov ADP employment change rose +215,000, stronger than expectations of +170,000 and the most jobs created in a year, and (2) the Fed’s Beige Book that stated that the U.S. economy continues to expand at a “modest to moderate” pace. Stocks partially recovered on reports that U.S. budget negotiators are near a budget compromise that would boost user fees rather than end corporate tax breaks. Closes: S&P 500 -0.13%, Dow Jones -0.16%, Nasdaq 100 +0.11%.
Mar 10-year T-notes (ZNH14 -0.01%) this morning are up +1.5 ticks. Mar T-notes on Wednesday closed lower with the 10-year T-note yield at a 2-1/2 month high of 2.848%. Bearish factors included (1) the Nov ADP employment change that showed companies hired the most people in a year, and (2) the Fed’s Beige Book that stated the U.S. economy expanded at “modest to moderate” pace, which fueled speculation the Fed will cut its monthly bond purchases sooner rather than later. Closes: TYH4 -15.50, FVH4 -8.75.
The dollar index (DXY00 -0.02%) this morning is unchanged. EUR/USD (^EURUSD) is down -0.0007 (-0.05%) and USD/JPY (^USDJPY) is down -0.28 (-0.27%). The dollar index on Wednesday closed higher after the Nov ADP employment change showed companies boosted hiring by the most in a year, which bolstered the outlook for the Fed to taper QE3 sooner rather than later. EUR/USD fell back ahead of Thursday’s ECB meeting and after Eurozone Oct retail sales unexpectedly declined. Closes: Dollar index +0.005 (+0.01%), EUR/USD -0.00097(-0.07%), USD/JPY -0.153 (-0.15%).
Jan WTI crude oil (CLF14 +0.20%) this morning is up +33 cents (+0.34%) and Jan gasoline (RBF14 -0.11%) is down -0.0010 (-0.04%). Jan crude oil and gasoline prices on Wednesday closed mixed. Jan crude posted a 5-week high after weekly EIA crude inventories plunged -5.59 million bbl, the first decline since Sep and a larger draw than expectations of -500,000 bbl. Jan gasoline fell back from a 2-3/4 month high after weekly EIA gasoline stockpiles showed a larger-than-expected rise of +1.828 million bbl to a 1-month high. Closes: CLF4 +1.16 (+1.21%), RBF4 -0.0045 (-0.17%).
GLOBAL EVENT CALENDAR12/05/2013
US0730 ETNov Challenger job cuts, Oct -4.2% y/y.
0815 ETAtlanta Fed President Dennis Lockhart speaks on the economy and monetary policy in Fort Lauderdale, FL.
0830 ETWeekly initial unemployment claims expected +5,000 to 321,000, previous -10,000 to 316,000. Weekly continuing claims expected +24,000 to 2.800 million, previous -91,000 to 2.776 million.
0830 ETQ3 GDP expected to be revised higher to +3.1% (q/q annualized) from +2.8%. Q3 personal consumption expected unrevised at +1.5%. Q3 GDP price index expected unrevised at +1.9%. Q3 core PCE expected unrevised at +1.4%.
0830 ETUSDA weekly Export Sales.
1000 ETOct factory orders expected -1.0%, Sep +1.7%.
1100 ETTreasury announces amount of 3-year T-notes (previous $30 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Dec 10-12.
1215 ETDallas Fed President Richard Fisher speaks on Federal Reserve Operations and Economic Update at a community forum at Texas A&M University.
UK0430 ETUK Nov Lloyds employment confidence, Oct -11.
0700 ETBOE announces interest rate decision and asset purchase target (expected no change to the 0.50% benchmark rate or to the 375 billion pound asset purchase target).
EUR0745 ETECB announces interest rate decision.
0830 ETECB President Mario Draghi speaks at monthly press conference.
U.S. STOCK CALENDAR12/05/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Kroger Co/TheKR USBef-mktQ3 2014 Earnings ReleaseQ3 20140.533
Dollar General CorpDG USBef-mktQ3 2014 Earnings ReleaseQ3 20140.699
L Brands IncLB US7:30November 2013 Sales and Revenue Call2013
Toro Co/TheTTC US8:30Q4 2013 Earnings ReleaseQ4 20130.032
Protective Life CorpPL US9:00Investor ConferenceY 2013
Hospira IncHSP US9:00Investor DayY 2013
Kroger Co/TheKR US10:00Q3 2014 Earnings CallQ3 2014
Bank of America CorpBAC US10:00Bank of America and the US Government to Argue in Court on Amount of Penalty
Dollar General CorpDG US10:00Q3 2014 Earnings CallQ3 2014
Toro Co/TheTTC US11:00Q4 2013 Earnings CallQ4 2013
Cooper Cos Inc/TheCOO US16:00Q4 2013 Earnings ReleaseQ4 20131.802
Cooper Cos Inc/TheCOO US17:00Q4 2013 Earnings CallQ4 2013
Ulta Salon Cosmetics & Fragrance IncULTA US17:00Q3 2014 Earnings CallQ3 2014
Ulta Salon Cosmetics & Fragrance IncULTA USAft-mktQ3 2014 Earnings ReleaseQ3 20140.741
Gap Inc/TheGPS USNovember 2013 Sales and Revenue Release2013
L Brands IncLB USNovember 2013 Sales and Revenue Release2013
Costco Wholesale CorpCOST USNovember 2013 Sales and Revenue Release2013
Bally Technologies IncBYI USAnnual General Meeting
ACE LtdACE USInvestor Meeting - Day 4Y 2013
Myriad Genetics IncMYGN USAnnual General Meeting
Ameren CorpAEE USInvestor Meeting - Day 2Y 2013

Wednesday, December 4, 2013

Coca-Cola Bottling Company Consolidated - Barchart's Chart of the ay

Coca-Cola Bottling Company Consolidated (COKE) is the Chart of the Day.  This is the second largest bottler of Coca-Cola products in the USA and has a Trend Spotter buy while also paying a 1.48% dividend.


The Chart of the Day is Coca-Cola Bottling Company Consolidated (COKE).  I found the stock right at the top of the New High List when I sorted it for frequency.  Since the Trend Spotter signed a buy on 10/17 the stock is up 8.46%.

Coca-Cola Bottling Co. Consolidated is engaged in the production, marketing and distribution of carbonated and noncarbonated beverages, primarily products of The Coca-Cola Company.  This is the bottler headquartered in Charlotte, not in Atlanta.



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
  • 19 new highs and up 8.64% in the last month
  • Relative Strength Index 74.44%
  • Barchart computes a technical support level at 65.62
  • Recently traded at 68.83 with a 50 day moving average of 64.00
Fundamental factors:
  • Market Cap $636.68 million
  • P/E 19.75
  • Dividend Yield 1.48%
  • Citigroup has this stock on it's hold list
  • Although they do not make a revenue projection they estimate earnings will increase by 13.60% this year and an additional 7.40% next year
  • On Motley Fool the readers voted that the stock will beat the market by a 595 to 48 vote
  • Financial Strength is B
This is a defensive income stock and is not suited for aggressive growth portfolios,

The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index for frequency.  I then skipped over the stocks that did not have positive gains for the last week and month, next I used the Flipchart feature to review the charts.

Today's list includes Post Holdings (POST), Raymond James Financial (RFJ), Huntington Ingalls Industries (HII), Olin Corporation (OLN) and ACI Worldwide (ACIW):

Post Holdings (POST)


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 19.77% in the last month
  • Relative Strength Index 82.61%
  • Barchart computes a technical support level at 49.47
  • Recently traded at 50.94 with a 50 day moving average of 43.15


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 6.08% in the last month
  • Relative Strength Index 65.55%
  • Barchart computes a technical support level at 47.48
  • Recently traded at 48.40 with a 50 day moving average of 44.80


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 14.15% in the last month
  • Relative Strength Index 85.05%
  • Barchart computes a technical support level at 81.17
  • Recently traded at 83.06 with a 50 day moving average of 73.93


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 14.40% in the last month
  • Relative Strength Index 72.56%
  • Barchart computes a technical support level at 25.92
  • Recently traded at 26.35 with a 50 day moving average of 23.53


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 20.03% in the last month
  • Relative Strength Index 73.44
  • Barchart computes a technical support level at 62.57
  • Recently traded at 64.31 with a 50 day moving average of 57.60










Barchart Morning Call 12/4

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 -0.04%) this morning are up +0.01% and European stocks are down -0.06% ahead of this morning's Nov ADP employment change that may help gauge the outlook for Fed stimulus. Asian stocks closed mixed: Japan -2.17%, Hong Kong -0.76%, China +1.32%, Taiwan +0.30%, Australia +0.34%, Singapore -0.85%, South Korea -1.27%, India -0.70%. European stocks fell after Eurozone Oct retail sales unexpectedly declined, while China's Shanghai Stock Index climbed to a 2-1/2 month high led by companies linked to Shanghai's free-trade zone after the PBOC said it plans to implement reform measures for the area within three months. The Australian dollar slid to a 3-month low against the dollar after Australia Q3 GDP rose +0.6% q/q, weaker than expectations of +0.7% q/q. Commodity prices are mixed. Jan crude oil (CLF14 +1.25%) is up +1.28% at a 5-week high on expectations for weekly EIA crude stockpiles to decline along with carry-over support from TransCanada's decision to start the southern portion of its Keystone XL pipeline next month, which could reduce inventories at Cushing, OK, delivery point for WTI crude futures. Jan gasoline (RBF14 -0.14%) is down -0.11%. Feb gold (GCG14 -0.64%) is down -0.65% at a 5-month low on expectations that the Fed is closer to cutting stimulus. March copper (HGH14 +0.24%) is up +0.21%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.02%) is up +0.05%. EUR/USD (^EURUSD) is down -0.02%. USD/JPY (^USDJPY) is unch. March T-note prices (ZNH14 -0.17%) are down -7.5 ticks.
The German Nov PMI services index was revised up to 55.7 from the originally reported 54.5 and matched the Jan 2013 level as the fastest pace of expansion in 2-1/3 years.
Eurozone Oct retail sales unexpectedly fell -0.2% m/m and -0.1% y/y, weaker than expectations of unch m/m and +1.0% y/y.
Eurozone Q3 GDP was left unrevised at +0.1% q/q and -0.4% y/y.
The Eurozone Nov PMI composite index was revised up to 51.7 from the originally reported 51.5.
UK Nov PMI services fell -2.5 to 60.0, a bigger decline than expectations of -0.5 to 62.0.
U.S. STOCK PREVIEW
Today’s Nov ADP employment change is expected to improve to +170,000 from the poor report of +130,000 seen in October. Today’s Oct new home sales report is expected to show a +2.1% increase to 430,000 from the August level of 421,000. Today’s Nov ISM non-manufacturing index is expected to show a -0.4 point decline to 55.0, reversing part of October’s +1.0 point increase to 55.4. Today’s Oct U.S. trade deficit is expected to narrow mildly to -$40.0 billion from -$41.8 billion in September. There are four of the Russell 1000 companies that report earnings today: Brown-Forman (consensus $0.91), Synopsys (0.55), Guess (0.38), Avago Technologies (0.81).
Equity conferences during the remainder of this week include: Citi Basic Materials Conference on Tue-Wed, Piper Jaffray Healthcare Conference on Tue-Wed, Bank of America-Merrill Lynch Leveraged Finance Conference on Tue-Wed, Cowen and Company Ultimate Energy Conference on Tue-Wed, NASDAQ OMX International Investor Program on Tue-Wed, Credit Suisse Technology Conference on Tue-Thu, Credit Suisse Business Services Conference on Tue-Thu, Asia Derivatives Conference on Tue-Wed, Janney Industrials Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Express (EXPR +0.94%) reported Q3 EPS of 23 cents, below consensus of 25 cents.
Ross Stores (ROST -1.93%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.
AT&T (T -0.17%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan.
eBay (EBAY +1.13%) was downgraded to 'Equal Weight' from 'Overweight' at Evercore.
U.S. Bancorp (USB -1.76%) was upgraded to 'Conviction Buy' from 'Neutral' at Goldman.
Citigroup (C -0.93%) was downgraded to 'Neutral' from 'Conviction Buy' at Goldman.
ComScore reported holiday season U.S. retail e-commerce spending from Thanksgiving through Cyber Monday, online buying from desktop computers totaled $5.3 billion, up 22% versus last year.
ESL Partners lowered its stake in Sears Holdings (SHLD -7.72%) to 48.4% from 55.4%.
J.C. Penney (JCP +1.00%) rose over 5% in after-hours trading after it reported November same-store-sales rose 10.1% y/y.
United Natural Foods (UNFI -0.23%) reported Q1 EPS of 56 cents, better than consensus of 54 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 -0.04%) this morning are up +0.25 of a point (+0.01%). The S&P 500 index on Tuesday fell to a 1-1/2 week low and closed lower. Stocks declined on (1) profit-taking after the recent rally in the S&P 500 to a record high on Friday, (2) concern that recent strength in the U.S. economic data will prompt the Fed to taper QE3 sooner rather than later, and (3) the warning from Bill Gross, manager of the world’s biggest bond fund, that the unprecedented cash added to the financial system by central banks around the world is raising the risk of a slide in global asset prices. Closes: S&P 500 -0.32%, Dow Jones -0.59%, Nasdaq 100 -0.05%.
Mar 10-year T-notes (ZNH14 -0.17%) this morning are down -7.5 ticks. Mar T-notes on Tuesday closed higher as a slide in stocks boosted the safe-haven demand for Treasuries. Gains were muted on expectations that the economy is strong enough to allow the Fed to cut back on its monthly asset purchases. Closes: TYH4 +7.50, FVH4 +5.00.
The dollar index (DXY00 +0.02%) this morning is up +0.043 (+0.05%). EUR/USD (^EURUSD) is down -0.0003 (-0.02%) and USD/JPY (^USDJPY) is unch. The dollar index on Tuesday closed lower. Negative factors included (1) strength in the yen after USD/JPY fell back from a 6-1/4 month high as weak stocks boosted the safe-haven demand for the yen, and (2) short-covering in EUR/USD which rose ahead of Thursday’s ECB meeting. Closes: Dollar index -0.30 (-0.37%), EUR/USD +0.00476 (+0.35%), USD/JPY -0.432 (-0.42%).
Jan WTI crude oil (CLF14 +1.25%) this morning is up +$1.23 a barrel (+1.28%) at a 5-week high and Jan gasoline (RBF14 -0.14%) is down -0.0029 (-0.11%). Jan crude oil and gasoline prices on Tuesday closed higher with Jan crude at a 1-month high. Bullish factors included (1) TransCanada’s announcement that it will begin operating the southern leg of its Keystone XL pipeline next month that will move 700,000 barrels a day of crude to Port Arthur, TX from Cushing, OK, the delivery point for WTI futures, which will reduce Cushing’s oil inventories, and (2) expectations for Wednesday’s weekly EIA crude inventories to decline by -500,000 bbl, which would be the first decline since September. Closes: CLF4 +2.22 (+2.37%), RBF4 +0.0453 (+1.69%).
GLOBAL EVENT CALENDAR12/04/2013
US0700 ETWeekly MBA mortgage applications, previous -0.3% with purchase sub-index -0.2% and refi sub-index +0.1%.
0815 ETNov ADP employment change expected +170,000, Oct +130,000.
0830 ETOct trade balance expected -$40.0 billion, Sep -$41.8 billion.
1000 ETOct new home sales expected +2.1% to 430,000, Sep postponed, Aug +7.9% to 421,000.
1000 ETNov ISM non-manufacturing index expected -0.4 to 55.0, Oct +1.0 to 55.4.
1030 ETEIA Weekly Petroleum Status Report.
1400 ETFed Beige Book.
GER0355 ETRevised German Nov PMI services, previous 54.5.
EUR0400 ETRevised Eurozone Nov PMI composite, previous 51.5.
0500 ETRevised Eurozone Q3 GDP, previous +0.1% q/q and -0.4% y/y.
0500 ETEurozone Oct retail sales expected unch m/m and +1.0% y/y, Sep -0.6% m/m and +0.3% y/y.
UK0430 ETUK Nov PMI services expected -0.5 o 62.0, Oct 62.5.
U.S. STOCK CALENDAR12/04/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Fastenal CoFAST US7:00November 2013 Sales and Revenue Release2013
Brown-Forman CorpBF/B US8:00Q2 2014 Earnings ReleaseQ2 20140.905
Unit CorpUNT US8:30Investor DayY 2013
Marathon Petroleum CorpMPC US8:30Analyst DayY 2013
Yum! Brands IncYUM US8:45Investor & Analyst MeetingY 2013
Xcel Energy IncXEL US9:00Analyst MeetingY 2013
Brown-Forman CorpBF/B US10:00Q2 2014 Earnings CallQ2 2014
Oracle CorpORCL US10:00Court of Appeals Hearing on Oracle vs. Google Patent-Infringement Case
Google IncGOOG US10:00Court of Appeals Hearing on Oracle vs. Google Patent-Infringement Case
Guess? IncGES US16:30Q3 2014 Earnings CallQ3 2014
Synopsys IncSNPS US17:00Q4 2013 Earnings CallQ4 2013
Avago Technologies LtdAVGO US17:00Q4 2013 Earnings CallQ4 2013
Synopsys IncSNPS USAft-mktQ4 2013 Earnings ReleaseQ4 20130.553
Guess? IncGES USAft-mktQ3 2014 Earnings ReleaseQ3 20140.376
Avago Technologies LtdAVGO USAft-mktQ4 2013 Earnings ReleaseQ4 20130.808
Harman International Industries IncHAR USAnnual General Meeting
Walgreen CoWAG USNovember 2013 Sales and Revenue Release2013
AutoNation IncAN USNovember 2013 Sales and Revenue Release2013
ACE LtdACE USInvestor Meeting - Day 3Y 2013
Ocwen Financial CorpOCN USAnalyst and Investor Meeting - Day 2Y 2013
Ameren CorpAEE USInvestor Meeting - Day 1Y 2013

Portfolio Additions

Today I added positions in both the Barchart Van Meerten New High portfolio and the Barchart Van Meerten Speculative portfolio.   Alliant Techsystems (ATK) was added to the Barchart Van Meerten New High portfolio and  Techtarget (TTGT) was added to the Barchar Van Meerten Speculative portfolio.


Alliant Techsystems (ATK)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 8.72% in the last month
  • Relative Strength Index 68.81%
  • Barchart computes a technical support level at 117.72
  • Recently traded at 120.31 with a 50 day moving average of 108.91
Techtarget (TTGT)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 20.08% in the last month
  • Relative Strength Index 77.49%
  • Barchart computes a technical support level at 5.81
  • Recently traded at 6.04 with a 50 day moving average of 5.30




Tuesday, December 3, 2013

Cyberonics - Barchart's Chart of the Day

Cyberonics (CYBX) is the Barchart Chart of the Day.  The medical device company has a Trend Spotter buy, a weighted Alpha of 55.50+ and is up 47.84% in just the last 6 months.

The Chart of the Day is Cybernoics (CYBX).  I found the stock by sorting today's New High List for frequency, then used the flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/11 the stock gained 35.36%.

They design, develop and market medical devices for the treatment of epilepsy and other debilitating neurological disorders using a therapy, vagus nerve stimulation. The company's initial target market is epilepsy, the world's second most prevalent neurological disorder, which is characterized by seizures. Vagus nerve stimulation with the Cyberonics NCP System was approved for use as an adjunctive therapy in reducing the frequency of seizures in adults and adolescents with medically refractory partial onset seizures.



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
  • 19 new highs and up 25.36% in the last month
  • Relative Strength Index 85.28%
  • Barchart computes a technical support level at 67.84
  • Recently traded at 71.02 with a 50 day moving average of 57.82
Fundamental factors:
  • Market Cap $1.94 billion
  • P/E 35.98
  • Analysts predict revenue will grow by 11.40% this year and another 10.70% next year
  • Earnings are estimated to increase 15.50% this year, an additional 14.90% next year and continue to increase by 17.33% annually for the next 5 years
  • Wall Street analysts issued 6 strong buy, 2 buy and 2 hold recommendations
  • Financial Strength is B+
The stock has been on a fast climb so watch the 50 day moving average to protect your profits

Monday, December 2, 2013

MDC Partners - Barchart's Chart of the Day

MDC Partners (MDCA) is the Chart of the Day.  The marketing communications stock is a repeat and was the Chart of the Day back on 7/31 @ $16.00.  The stocks has a Trend Spotter buy, a Weighted Alpha of 238.65+ and gained 251.20% in the last year.

The Chart of the Day is MDC Partners (MDCA).  I found the stock by sorting today's New High List for frequency then used the flipchart feature to review the charts.  The stock was also the Chart of the Day back on 7/31.  Since the Trend Spotter signaled a buy on 9/11 the stock is up 42.90%.

It is a marketing communications firm providing marketing communication and consulting services throughout the United States, Canada, and the United Kingdom. Its services includes advertising and media, interactive marketing, direct marketing, public relations, corporate communications, market research, corporate identity and branding, and sales promotion. The Company also provides mobile marketing, and database and customer relationship management services.



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
  • 18 new highs and 13.80% in the last month
  • Relative Strength Index 74.95%
  • Barchart computes a technical support level at 22.45
  • Recently traded at 23.39 with a 50 day moving average of 20.25
Fundamental factors:
  • Market Cap $750,82 million
  • Analysts project revenue to grow 9.10% this year and another 7.00% next year
  • Earnings are estimated to increase 38.20% this year, and additional 142.10% next year and continue at an annual rate of 6.00% for ht e next 5 years
  • Wall Street analysts issued 1 strong buy and 7 buy recommendations
The stock is up 250% in the last year so use a disciplined stop loss at the 50 day moving average

The 5 Best Large Caps

Today's list comes from using Barchart to sort the S&P 500 Large Cap Index for frequency of new highs.  I then skipped over the stocks that did not have a positive gain for both the last week and month and reviewed the chart using the Flipchart feature.

Today's list includes Ameriprise Financial Services (AMP), Perrigo Company (PRGO), Progressive Corporation (PGR), The NASDAQ OMX Group (NDAQ) and U S Bancorp (USB):

Ameriprise Financial Services (AMP)


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 8.27% in the last month
  • Relative Strength Index 78.55%
  • Barchart computes a technical support level at 107.64
  • Recently traded at 109.38 with a 50 day moving average of 99.17


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 9.85% in the last month
  • Relative Strength Index 81.94%
  • Barchart computes a technical support level at 154.86
  • Recently traded at 156.40 with a 50 day moving average of 138.03


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 7.99% in the last month
  • Relative Strength Index 71.45%
  • Barchart computes a technical support level at 27.72
  • Recently traded at 28.08 with a 50 day moving average of 26.99


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 12.92% in the last  month
  • Relative Strength Index 75.95%
  • Barchart computes a technical support level at 38.10
  • Recently traded at 38.82 with a 50 day moving average of 35.10


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 4.98% in the last month
  • Relative Strength Index 69.97%
  • Barchart computes a technical support level at 38.93
  • Recently traded at 39.26 with a 50 day moving average of 37.64










BARCHART MORNING CALL 12/2

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 -0.06%) this morning are unchanged and European stocks are down -0.31%. Asian stocks closed mixed: Japan -0.04%, Hong Kong +0.66%, China -0.83%, Taiwan +0.09%, Australia -0.76%, Singapore +0.39%, South Korea -0.74%, India +0.51%. Declines in global stocks were limited after China's Nov manufacturing activity remained at its strongest pace in 1-1/2 years and after German Nov manufacturing activity was revised higher to its fastest pace of growth in 2-1/3 years. Commodity prices are mixed with Jan soybeans up +0.52% at a 2-1/4 month high. Jan crude oil (CLF14 +0.09%) is up +0.04% and Jan gasoline (RBF14 +0.06%) is up +0.18%. Feb gold (GCG14 -1.10%) is down -0.93%. March copper (HGH14 -0.39%) is down -0.33%. Agricultural prices are mixed. The dollar index (DXY00 +0.20%) is up +0.24%. EUR/USD (^EURUSD) is down -0.38%. USD/JPY (^USDJPY) is up +0.35% at a 6-1/4 month high as strength in global manufacturing data reduced the safe-haven demand for the yen. The British pound soared to a 2-1/4 year high against the dollar after UK Nov manufacturing activity expanded at its fastest pace in 2-1/2 years. March T-note prices (ZNH14 -0.31%) are down -13.5 ticks at a 1-week low.
China Nov manufacturing PMI was unchanged from Oct at a 1-1/2 year high of 51.4, a stronger pace of expansion than expectations of a -0.3 point decline to 51.1.
German Nov PMI manufacturing was unexpectedly revised upward by +0.2 to 52.7, stronger than expectations of unchanged at 52.5 and the fastest pace of expansion in 2-1/3 years.
UK Nov PMI manufacturing PMI rose +1.9 to 58.4, better than expectations of +0.1 to 56.1 and the fastest pace of expansion in 2-1/2 years.
Japan Nov vehicle sales climbed +13.3% y/y, the third consecutive monthly increase.
U.S. STOCK PREVIEW
This will be a busy week with a full U.S. economic schedule that includes Friday’s Nov unemployment report (payrolls expected +183,000). The U.S. markets today will be assessing the strength of Thanksgiving holiday weekend retail sales. Retail sales on today’s Cyber Monday will show a strong increase of +20% y/y to a record $20 billion, according to ComScore. Today’s Nov ISM manufacturing index is expected to show a -1.4 point decline to 55.0, more than reversing the +0.2 point increase to 56.4. There are no major earnings reports today.
Equity conferences this week include: 2nd Annual Early Drug Development Summit 2013 on Mon, Kurdistan-Iraq Oil & Gas Conference on Mon, Deutsche Bank Business Services Conference on Mon, Deutsche Bank BioFEST Conference on Mon-Tue, Morgan Stanley Transport Summit on Tue, FBR Fall Investor Conference on Tue, Global AgInvesting Europe 2013 on Tue, Citi Basic Materials Conference on Tue-Wed, Piper Jaffray Healthcare Conference on Tue-Wed, Bank of America-Merrill Lynch Leveraged Finance Conference on Tue-Wed, Cowen and Company Ultimate Energy Conference on Tue-Wed, NASDAQ OMX International Investor Program on Tue-Wed, Credit Suisse Technology Conference on Tue-Thu, Credit Suisse Business Services Conference on Tue-Thu, Asia Derivatives Conference on Tue-Wed, Janney Industrials Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Travelers (TRV -0.27%) was downgraded to 'Neutral' from 'Buy' at Goldman due to relative valuation.
Marathon Petroleum (MPC -1.90%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.
Genesco (GCO +0.70%) was downgraded to 'Neutral' from 'Overweight' at Piper Jaffray
American Eagle (AEO +1.06%) was upgraded to 'Buy' from 'Neutral' at Janney Capital.
Sprint (S +0.36%) was downgraded to 'Neutral' from 'Outperform' at Macquarie.
Petrobras (PBR +1.01%) was downgraded to 'Underperform' from 'Outperform' at Credit Suisse.
Goldman Sachs reiterated its 'Buy' rating on Amazon.com (AMZN +1.79%) and raised its price target on the stock to $450 from $400.
Monster Beverage (MNST -1.12%) rose 2.4% in pre-market trading after it was upgraded to 'Overweight' from 'Neutral' at JPMorgan.
EBay (EBAY +2.47%) was upgraded to 'Buy' from 'Neutral' at SunTrust.
Ebay (EBAY +2.47%) rose 2.2% and Amazon.com (AMZN +1.79%) climbed 1.0% in pre-market trading after data from Comscore showed online spending on Black Friday rose +15% to a record $1.2 billion.
Allegion (ALLE) will replace J.C. Penney (JCP +1.09%) in S&P 500 as of last Friday's close.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 -0.06%) this morning are unchanged. The S&P 500 index on Friday posted an all-time high but fell back late in the session on profit-taking and settled little changed. Bullish factors included (1) strength in retailers after early reports from large retailers Wal-Mart and Target suggested robust Black Friday sales, and (2) improved European economic data after the Eurozone Oct unemployment rate fell -0.1 to 12.1%, better than expectations of unchanged at 12.2% and after the Eurozone Nov business climate indicator rose +0.26 to 0.18, stronger than expectations of +0.6 to 0.05 and its highest in 2 years. Closes: S&P 500 -0.08%, Dow Jones -0.07%, Nasdaq 100 +0.50%.
Mar 10-year T-notes (ZNH14 -0.31%) this morning are down -13.5 ticks at a 1-week low. Mar T-notes on Friday traded in negative territory the entire day and closed lower after the rally in the S&P 500 to a new record high reduced the safe-haven demand for T-notes. Another factor that undercut T-note prices was S&P’s hike in its outlook on Spain’s credit rating to stable from negative, which reduced European sovereign debt concerns. Closes: TYH4 -3.50, FVH4 -1.75.
The dollar index (DXY00 +0.20%) this morning is up +0.192 (+0.24%). EUR/USD (^EURUSD) is down -0.0051 (-0.38%) and USD/JPY (^USDJPY) is up +0.36 (+0.35%) at a 6-1/4 month high. The dollar index on Friday closed slightly higher. EUR/USD climbed to a 1-month high after Eurozone Nov CPI rose a more-than-expected +0.9% y/y, which diminished the case for additional ECB stimulus measures. USD/JPY rose to a 6-month high after Japan Oct CPI ex food & energy rose +0.3% y/y, the fastest pace in 15 years. Closes: Dollar index +0.099 (+0.12%), EUR/USD -0.00135 (-0.10%), USD/JPY +0.097 (+0.09%).
Jan WTI crude oil (CLF14 +0.09%) this morning is up +4 cents (+0.04%) and Jan gasoline (RBF14 +0.06%) is up +0.0049 (+0.18%). Jan crude oil and gasoline prices on Friday settled mixed. Crude rose on optimism about the economic outlook after the S&P 500 rose to a record high, which bolsters the prospects for increased energy demand. Gasoline closed lower on the prospects for increased supplies after several refineries in Texas and in Louisiana reopened after being closed for maintenance. Closes: CLF4 +0.48 (+0.52%), RBF4 -0.0301 (-1.12%).
GLOBAL EVENT CALENDAR12/02/2013
US1000 ETNov ISM manufacturing index expected -1.3 to 55.1, Oct +0.2 to 56.4. Nov ISM prices-paid sub-index expected -0.5 to 55.0, Oct -1.0 to 55.5.
1000 ETOct construction spending expected +0.4%. Sep construction spending postponed.
1100 ETUSDA weekly grain export inspections.
JPN0000 ETJapan Nov vehicle sales, Oct +17.3% y/y.
2030 ETJapan Oct labor cash earnings, Sep -0.2% y/y.
GER0355 ETRevised German PMI manufacturing, previous 52.5.
EUR0400 ETRevised Eurozone PMI manufacturing, previous 51.5.
UK0430 ETUK Nov PMI manufacturing, Oct 56.0.
1901 ETUK Nov BRC sales like-for-like expected +1.1% y/y, Oct +0.8% y/y.
CHI2000 ETChina Nov non-manufacturing PMI, Oct 56.3.
U.S. STOCK CALENDAR12/02/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Domtar CorpUFS US12:00Canadian Club of Montreal Presents John D. Williams
Ascena Retail Group IncASNA US16:00Q1 2014 Earnings ReleaseQ1 20140.318
Ascena Retail Group IncASNA US16:30Q1 2014 Earnings CallQ1 2014
Thor Industries IncTHO USQ1 2014 Earnings ReleaseQ1 20140.711
Thor Industries IncTHO USQ1 2014 Earnings ReleaseQ1 20140.711