Actions Semiconductor - Barchart's Chart of the Day

Actions Semiconductor (ACTS) is Barchart's Chart of the Day.  The stock's price has turned around and it now has a Trend Spotter buy signal, a Weighted Alpha of 69.40. The Chinese fabless semicondutor company trades in the US as an ADR and gained 86.34% in the last year.

Please use caution on today's chart.  The Chart of the Day is Actions Semiconductor (ACTS) a Chinese ADR for a fabless semiconductor stock.  I found the stock by sorting the New High List for frequency in the last month and this one was right near the top of the list.  Since the Trend spotter signaled a buy on 11/8 the stock is up 18.11%.

Actions Semiconductor is a fabless semiconductor company located in Zhuhai, China, providing system-on-a-chip products and total solutions for the design, development and manufacture of personal media or MP3 players.

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;

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 18.58% in the last month
• Relative Strength Index 85.88%
• Barchart computes a technical support level at 2.85
• Recently traded at 3.00 with a 50 day moving average of 2.56

Fundamental factors:

• Market Cap $205.47
• P/E 144.00
• Only 1 analysts follows the stock and he estimates earnings could increase 25.00% annually for the next 5 years but makes no recommendation
• On Motley Fool the readers voted 467 to 24 that the stock will beat the market
• It might be noted that the Fool's who made the most money trading this stock were those who sold short earlier in the year.

I am very cautious about Chinese ADRs.  I do not have a lot of confidence in their revenue and earnings projections. If you think the current technical indicators are enough for you to buy please buy only if you can afford to lose.  Note what happened back on 9/23 where in a 2 day period the stock dropped from 2.61 to 2.15 and floundered for a couple of months before its recent climb.  Be nimble on this one.

Today's 5 Top Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stock with the most frequent new highs in the last month.  I then skipped over the stocks that didn't have positive gains for the last week and month and reviewed the charts using the Flipchart feature.

Today's list includes Interval Leisure Group (IILG), AK Steel (AKS), DSP Group (DSPG), Cedar Shopping Centers (CDR) and Home Bancshares (HOMB):

Interval Leisure Group (IILG)

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 23.27%
• Relative Strength Index 80.44%
• Barchart computes a technical support level at 30.11
• Recently traded at 31.15 with a 50 day moving average of 25.93

AK Steel (AKS)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 42.66% in the last month
• Relative Strength Index 84.37%
• Barchart computes a technical support level at 6.19
• Recently traded at 7.39 with a 50 day moving average of 5.18

DSP Group (DSPG)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 14.06% in the last month
• Relative Strength Index 70.68%
• Barchart computes a technical support level at 9.03
• Recently traded at 9.23 with a 50 day moving average of 8.12

Cedar Shopping Centers (CDR)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 9.23%
• Relative Strength Index  65.89%
• Barchart computes a technical support level at 5.91
• Recently traded at 6.12 with a 50 day moving average of 5.71

Home Bancshares (HOMB)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 11.54% in the last month
• Relative Strength Index 70.77%
• Barchart computes a technical support level at 37.16
• Recently traded at 37.98 with a 50 day moving average of 34.74

Barchart Morning Call 12/20

BARCHART MORNING CALL

Friday, December 20th, 2013View Older Reports

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

E-mail:

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

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.07%) this morning are up +0.11% and European stocks are also up +0.11% after a gauge of German consumer confidence unexpectedly rose to a 6-1/3 year high. Asian stocks closed mixed: Japan +0.07%, Hong Kong -0.33%, China -2.33%, Taiwan +0.01%, Australia +1.21%, Singapore +0.79%, South Korea +0.41%, India +1.79%. China's Shanghai Stock index fell to a 1-month low on signs of a cash crunch in China after the 7-day repurchase rate surged 100 bp to a 6-month high of 7.60%, even after the PBOC said it conducted short-term liquidity operations and added funds to the financial system. Commodity prices are mixed. Feb crude oil (CLG14 -0.17%) is down -0.30%. Feb gasoline (RBG14 +0.29%) is up +0.01%. Feb gold (GCG14 +0.19%) is up +0.11%. March copper (HGH14 +0.53%) is up +0.62%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.09%) is up +0.04% at a 2-week high. EUR/USD (^EURUSD) is down -0.07% at a 2-week low after S&P downgraded the credit rating of the European Union. USD/JPY (^USDJPY) is up +0.21% at a fresh 5-year high after the BOJ said they will maintain stimulus until annual inflation is stable at 2%. March T-note prices (ZNH14 -0.25%) are down -8.5 ticks.
Standard & Poor's cut its long-term rating on the EU to AA+ from AAA, with a stable outlook, S&P said "The downgrade reflects our view of the overall weaker creditworthiness of the EU's 28 member states."
German Jan GfK consumer confidence unexpectedly rose +0.2 to 7.6, better than expectations of no change at 7.4 and the highest in 6-1/3 years.
German Nov PPI fell -0.1% m/m and -0.8% y/y, right on expectations, as producer prices weakened further from a -0.7% y/y decline in Oct.
At the conclusion of its 2-day policy meeting, the BOJ as expected, pledged to maintain its stimulus program and expand the monetary base by an annual 60 trillion to 70 trillion yen ($670 billion) until inflation reaches the BOJ's 2% inflation target.
UK Dec GfK consumer confidence unexpectedly fell -1 point to a 4-month low of -13, weaker than expectations of +1 to -11.
UK Nov public sector net borrowing was 14.8 billion pounds, more than expectations of 13.4 billion pounds and the most in 2-1/2 years.
UK Q3 GDP was revised upward to +0.8% q/q and +1.9% y/y from the originally reported +0.8% m/m and +1.5% y/y. Q3 total business investment was revised upward to +2.0% q/q and -5.3% y/y from the +1.4% q/q and -6.3% y/y originally reported.

U.S. STOCK PREVIEW

The market is not expecting any revisions from the last BEA estimates for Q3 GDP of +3.6% or for Q3 personal consumption of +1.4%. Senate Majority Leader Reid on Thursday set a schedule to allow the Senate to adjourn for the year on Saturday. The Senate, according to reporting by The Hill, will vote to end debate on Janet Yellen’s confirmation at 11 AM on Friday. The Senate is then scheduled to vote on Ms. Yellen’s actual confirmation on Saturday at 6 PM. The markets will be pleased if the Senate can finalize Ms. Yellen’s confirmation before leaving for the holidays.
There are 3 of the Russell 1000 companies that report earnings today: Navistar (consensus -$1.56), Walgreen (0.72), CarMax (0.48). There are no equity conferences during the remainder of the week.

OVERNIGHT U.S. STOCK MOVERS

3M Company (MMM +0.45%) was upgraded to 'Neutral' from 'Underweight' at JPMorgan.
CarMax (KMX +1.01%) reported Q3 EPS of 47 cents, below consensus of 48 cents.
Zumiez (ZUMZ -0.68%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill.
BlackBerry (BBRY +3.14%) slid 7% in pre-market trading after it reported a Q3 adjusted EPS loss of -67 cents, a bigger loss than consensus of -45 cents.
Walgreen (WAG -0.70%) reported Q1 EPS of 79 cents, stronger than consensus of 72 cents.
Standard & Poor's Ratings Services raised its long-term local currency rating on Mexico to 'A' from 'A-' and its long-term foreign currency rating to 'BBB+' from 'BBB.'
Peabody Energy (BTU +2.74%) said it sees fiscal 2013 adjusted EBITDA $60 million-$80 million lower than its prior view.
Jazz Pharmaceuticals (JAZZ +0.86%) will acquire Gentium (GENT -2.28%) for $57 per share.
Cintas (CTAS +0.34%) reported Q2 EPS of 70 cents, stronger than consensus of 68 cents.
Nike (NKE -0.37%) reported Q2 EPS of 59 cents, better than consensus of 58 cents.
AAR Corp. (AIR -0.56%) lowered guidance on fiscal 2014 EPS view to $1.95-$2.00 from $2.00-$2.05, below consensus of $2.05.
TIBCO (TIBX unch) slumped over 13% in after-hours trading after it reported Q4 adjusted EPS of 42 cents, better than consensus of 39 cents, but then cut guidance on Q1 EPS to 17 cents-18 cents, below consensus of 21 cents.
Red Hat (RHT +0.18%) surged over 10% in after-hours trading after it reported Q3 adjusted EPS of 42 cents, higher than consensus of 35 cents, and then raised guidance on fiscal 2013 EPS $1.46-$1.48, well ahead of consensus of $1.38.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.07%) this morning are up +2.00 points (+0.11%). The S&P 500 on Thursday gave back some of Wednesday’s sharp rally and closed lower. Negative factors included (1) the Dec Philadelphia Fed manufacturing report of +0.5 to 7.0, weaker than expectations of +3.5 to 10.0, and (2) the U.S. Nov existing home sales report of -4.3% to 4.90 million, weaker than expectations of -2.0% to 5.02 million and the lowest level in 11 months. Closes: S&P 500 -0.06%, Dow Jones +0.07%, Nasdaq 100 -0.31%.
Mar 10-year T-notes (ZNH14 -0.25%) this morning are down -8.5 ticks. Mar 10-year T-note prices on Thursday tumbled to a 3-1/4 month low on negative carry-over from the Fed’s action on Wednesday to reduce its bond buying by $10 billion a month. Expectations that the Fed will continue to taper QE3 at a $10 billion clip at each FOMC meeting in 2014 further weighed on T-note prices. T-notes shrugged off the unexpected jump in weekly U.S jobless claims to an 8-1/2 month high due to typical seasonal adjustment problems over the holidays. Closes: TYH4 -20.50, FVH4 -15.00.
The dollar index (DXY00 +0.09%) this morning is up +0.035 (+0.04%) at a fresh 2-week high. EUR/USD (^EURUSD) is down -0.0010 (-0.07%) at a 2-week low and USD/JPY (^USDJPY) is up +0.22 (+0.21%) at a new 5-year high. The dollar index on Thursday rallied to a 2-week high on carry-over support from the Fed’s QE3 tapering on Wednesday. Other supportive factors included (1) the slide in stocks that boosted safe-haven demand for the dollar, and (2) the larger-than-expected increase in U.S. Nov leading indicators, which signals the U.S. economy can sustain the economic recovery. Closes: Dollar index +0.525 (+0.66%), EUR/USD -0.00232 (-0.17%), USD/JPY -0.040 (-0.04%).
Feb WTI crude oil (CLG14 -0.17%) this morning is down -30 cents (-0.30%) and Feb gasoline (RBG14 +0.29%) is up +0.0003 (+0.01%). Feb crude oil and gasoline prices on Thursday rose to 1-week highs and closed higher. Bullish factors included (1) the Fed’s confidence in the U.S. economy as it raised its U.S. 2013 and 2014 GDP estimates on Wed, and (2) stronger demand after EIA data on Wed showed that total U.S. petroleum demand rose +13% in the week ended Dec 13 to 20.996 million barrels a day, a 5-1/2 year high. Closes: CLG4 +0.98 (+1.00%), RBG4 +0.0392 (+1.45%).

GLOBAL EVENT CALENDAR12/20/2013

US	0830 ET	Q3 GDP expected unrevised at +3.6% (q/q annualized). Q3 personal consumption expected unrevised at +1.4%. Q3 GDP price index expected unrevised at +2.0%. Q3 core PCE expected unrevised at +1.5%.
	1100 ET	Kansas City Fed Dec manufacturing index expected -1 to 6, Nov 7.
	1500 ET	Nov USDA Cattle on Feed.
GER	0200 ET	German Nov PPI expected -0.1% m/m and -0.8% y/y, Oct -0.2% m/m and -0.7% y/y.
	0200 ET	German Jan GfK consumer confidence expected unch at 7.4, Dec 7.4.
UK	0430 ET	UK Nov public sector net borrowing expected +13.4 billion pounds, Oct +6.4 billion pounds.
	0430 ET	Revised UK Q3 GDP, previous +0.8% q/q and+1.5% y/y.
	0430 ET	UK Q3 current account balance expected -14.0 billion pounds, Q2 -13.0 billion pounds.
EUR	1000 ET	Eurozone Dec consumer confidence expected +0.4 to -15.0, Nov -15.4.
JPN	n/a	BOJ announces interest rate decision.

U.S. STOCK CALENDAR12/20/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
Navistar International Corp	NAV US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	-1.561
Walgreen Co	WAG US	7:30	Q1 2014 Earnings Release	Q1 2014	0.717
CarMax Inc	KMX US	7:35	Q3 2014 Earnings Release	Q3 2014	0.482
Walgreen Co	WAG US	8:30	Q1 2014 Earnings Call	Q1 2014
Teradyne Inc	TER US	Aft-mkt	Facebook Inc. Replaces Teradyne Inc. in S&P 500
Teradyne Inc	TER US	Aft-mkt	Teradyne Inc. Replaces Scholastic Corp. in S&P MidCap 400
Mohawk Industries Inc	MHK US	Aft-mkt	Mohawk Industries Inc. Replaces JDS Uniphase Corp. in S&P 500
Mohawk Industries Inc	MHK US	Aft-mkt	JDS Uniphase Corp. Replaces Mohawk Industries Inc. in S&P MidCap 400
Old Dominion Freight Line Inc	ODFL US	Aft-mkt	Old Dominion Freight Line Replaces Arch Coal in S&P MidCap 400
Old Dominion Freight Line Inc	ODFL US	Aft-mkt	Arch Coal Replaces Old Dominion Freight Line in S&P SmallCap 600
JDS Uniphase Corp	JDSU US	Aft-mkt	Mohawk Industries Inc. Replaces JDS Uniphase Corp. in S&P 500
JDS Uniphase Corp	JDSU US	Aft-mkt	JDS Uniphase Corp. Replaces Mohawk Industries Inc. in S&P MidCap 400
Abercrombie & Fitch Co	ANF US	Aft-mkt	Alliance Data Systems Replaces Abercrombie & Fitch in S&P 500
Abercrombie & Fitch Co	ANF US	Aft-mkt	Abercrombie & Fitch Replaces Alliance Data in S&P MidCap 400
Alliance Data Systems Corp	ADS US	Aft-mkt	Alliance Data Systems Replaces Abercrombie & Fitch in S&P 500
Alliance Data Systems Corp	ADS US	Aft-mkt	Abercrombie & Fitch Replaces Alliance Data in S&P MidCap 400
Facebook Inc	FB US	Aft-mkt	Facebook Inc. Replaces Teradyne Inc. in S&P 500
Walt Disney Co/The	DIS US		U.S. Box Office Release of Movie Saving Mr. Banks""
Johnson & Johnson	JNJ US		EMA Meeting, Sirturo
Twenty-First Century Fox Inc	FOXA US		U.S. Box Office Release of Movie Walking With Dinosaurs""

MGM Resorts Linternational - Barchart's Chart of the Day

MGM Resorts International (MGM) is Barchart's Chart of the Day.  The hospitality stock has a Trend Spotter buy signal, a Weighted Alpha of 97.60+ and gained 95.93% in the last year.

The Chart of the Day is MGM Resorts International (MGM).  I found the stock by sorting the New High List, eliminating the stocks that didn't have positive gains of the last week and month and used the Flipchart feature to pan through the charts.  since the Trend Spotter signaled another buy on 12/6 the stock is up 12.00%.

It is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company's resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It owns and operates properties located in Nevada, Mississippi and Michigan, and has investments in some properties in Nevada, Illinois and Macau. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world.

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
• 18 new highs and up 21.76% in the last month
• Relative Strength Index 79.57%
• Barchart computes a technical support level at 21.88
• Recently traded at 22.60 with a 50 day moving average of 19.98

Fundamental factors:

• Market Cap $11.06 billion
• Analysts predicted revenue will grow 6.20% this year and another 4.90% next year
• Earnings are estimated to increase 66.70% this year, an additional 195.70% next year and continue to increase at an annual rate of 13.00% for the next 5 years
• Wall Street analysts issued 4 strong buy, 13 buy and 10 hold recommendations on the stock
• Financial Strength is C++

As we come out of this recession leisure stocks should fair nicely.  Use the 100 day moving average to play this one.

Today's 5 top Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index for new high frequency, eliminated the stocks that did not have positive gains for both the last week and month and finally reviewed the charts using the Flipchart feature.

Today's list includes Synopsys (SNPS), John Wiley & Sons (JW.A), Terex (TEX), Rollins (ROL) and Carlisle Companies (CSL):

Synopsys (SNPS)

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 9.94% in the last month
• Relative Strength Index 72.59%
• Barchart computes a technical support level at 38.57
• Recently traded at 39.24 with a 50 day moving average of 37.08

John Wiley & Sons CL A (JW.A)

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 5.86% in the last month
• Relative Strength Index 66.61%
• Barchart computes a technical support level at 51.99
• Recently traded at 52.75 with a 50 day moving average of 50.25

Terex (TEX)

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 16.96% in the last month
• Relative Strength Index 71.33%
• Barchart computes a technical support level at 38.55
• Recently traded at 40.01 with a 50 day moving average of 35.86

Rollins (ROL)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 4.96% in the last month'
• Relative Strength Index 64.50%
• Barchart computes a technical support level at 28.85
• Recently traded at 29.17 with a 50 day moving average of 28.04

Carlisle Companies (CSL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 6.83% in the last month
• Relative Strength Index 69.88%
• Barchart computes a technical support level at 75.14
• Recently traded at 77.53 with a 50 day moving average of 73.19

BARCHART MORNING CALL 12/19

BARCHART MORNING CALL

Thursday, December 19th, 2013View Older Reports

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

E-mail:

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

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 -0.01%) this morning are down -0.10% and European stocks are up +1.41%. Asian stocks closed mixed: Japan +1.74%, Hong Kong -1.10%, China -1.05%, Taiwan +0.70%, Australia +2.08%, Singapore +0.28%, South Korea +0.08%, India -0.73%. U.S. stocks fell back slightly after Wednesday's sharp rally while European stocks played catch-up to yesterday's late-afternoon surge in U.S. stocks after the Fed's decision to taper QE3 boosted confidence in the U.S. economic recovery. China's Shanghai Stock Index slid to a 1-month low after the 7-day repurchase rate, a gauge of funding availability in the banking system, jumped +140 bp to a 5-3/4 month high of 6.60%, which fueled concern that higher funding costs will hurt economic growth. Japan's Nikkei Stock Index climbed to a 6-3/4 month high as exporter stocks rallied after the yen tumbled to a 5-year low against the dollar. Commodity prices are mixed. Jan crude oil (CLF14 +0.03%) is down -0.04%. Jan gasoline (RBF14 +0.25%) is down -0.18%. Feb gold (GCG14 -2.51%) is down -2.27% at a 5-3/4 month low after the Fed's decision to cut its monthly bond purchases reduces demand for gold as an inflation hedge. March copper (HGH14 -0.65%) is down -0.69%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.55%) is up +0.48% at a 2-week high. EUR/USD (^EURUSD) is up +0.01% and USD/JPY (^USDJPY) is down -0.17%. March T-note prices (ZNH14 -0.38%) are down -10.5 ticks.
UK Nov retail sales ex autos rose +0.4% m/m, better than expectations of +0.3% m/m, and on an annual basis rose +2.3% y/y, less than expectations of +2.4% y/y. Nov retail sales including autos rose +0.3% m/m, right on expectations, and on an annual basis rose +2.0% y/y, less than expectations of +2.2% y/y.
Japan Nov nationwide department store sales rose +2.4% y/y as they recovered from the -0.6% y/y decline in Oct.
The Japan Oct leading index CI was revised down to 109.8 from the originally reported 109.9, and the Oct coincident index was revised up to a 5-1/4 year high of 110.4 from the originally reported 109.6.
The Japan Oct all-industry activity index fell -0.2% m/m, less than expectations of -0.3% m/m, and Sep was revised higher to +0.5% m/m from the originally reported +0.4% m/m.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show a decline of -33,000 to 335,000, reversing about one-half of last week’s surge of +68,000 to 368,000. Meanwhile, today’s continuing claims report is expected to show a decline of -21,000 to 2.770 million, reversing about one-half of last week’s increase of +40,000 to 2,791 million. Today’s Nov existing home sales report is expected to show a decline of -2.0% to 5.02 million, adding to the -3.2% decline seen in October to 5.12 million. Today’s Dec Philadelphia Fed manufacturing index is expected to show a +3.5 point increase to 10.0, partially recovering after the -13.3 point decline to 6.5 seen in November. Today’s Nov leading indicators report is expected to show a strong increase of +0.7%, adding to the +0.2% increase seen in October. The Treasury today will $29 billion of 7-year T-notes and $16 billion of 5-year TIPS, concluding this week’s $112 billion coupon package.
There are 8 of the Russell 1000 companies that report earnings today: Darden Restaurants (consensus $0.20), Accenture (1.09), ConAgra Foods (0.55), NIKE (0.58), Cintas (0.68), Red Hat (0.35), TIBCO (0.39), Carnival (0.00). There are no equity conferences during the remainder of the week.

OVERNIGHT U.S. STOCK MOVERS

Darden (DRI +1.13%) reported Q2 EPS of 15 cents, well below consensus of 20 cents, and said it sees fiscal 2014 EPS down 15%-20% compared to 2013.
Rite Aid (RAD +1.41%) said it sees fiscal 2014 EPS of 17 cents-23 cents, below consensus of 24 cents.
Callaway Golf (ELY +0.63%) was upgraded to 'Strong Buy' from 'Outperform' at Raymond James.
Pier 1 Imports (PIR -0.10%) reported Q3 EPS of 26 cents, weaker than consensus of 28 cents, and then lowered guidance on fiscal 2014 EPS view to $1.21-$1.27 from $1.29.
Accenture PLC (ACN +2.19%) reported Q1 EPS of $1.12, above consensus of $1.09, and then raised guidance on fiscal 2014 EPS to $4.44-$4.56 from $4.42-$4.54, above consensus of $4.47.
Dow Jones reports that Target (TGT +3.08%) was hit by theft of customers' credit card data over Black Friday weekend, and the data breach was extensive.
Trulia (TRLA -0.39%) rose 4% in after-hours trading after SAC Capital reported a 5.2% passive stake in the company.
AK Steel (AKS +2.43%) rose over 6% in after-hours trading when it raised guidance on Q4 EPs to a gain of 2 cents-6 cents, better than consensus of a -3 cent loss.
Cascade Investment raises its stake in Deere (DE +1.26%) to 8.1% from 7.0%.
JPMorgan Chase (JPM +2.73%) was downgraded to 'Neutral' from 'Buy' at SunTrust.
Oracle (ORCL +2.88%) gained over 1% in after-hours trading after reported Q2 adjusted EPS of 69 cents, stronger than consensus of 67 cents.
Herman Miller (MLHR +0.72%) reported Q2 adjusted EPS of 42 cents, above consensus of 40 cents.
Paychex (PAYX +0.98%) reported Q2 EPS of 43 cents, better than consensus of 42 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 -0.01%) this morning are down -1.75 points (-0.10%). The S&P 500 rallied sharply after the Fed said it will taper QE3 by $10 billion a month starting next month, which signals the Fed is confident the U.S. economy is strong enough to handle a reduction in stimulus. Other supportive factors included (1) the +22.7% surge in U.S. Nov housing starts from Aug, which was much stronger than expectations of 955,000 and the most in 5-3/4 years, and (2) the Fed’s hike in its U.S. 2013 and 2014 GDP estimates and cut in its unemployment estimates. Closes: S&P 500 +1.66%, Dow Jones +1.84%, Nasdaq 100 +1.16%.
Mar 10-year T-notes (ZNH14 -0.38%) this morning are down -10.5 ticks. Mar T-notes on Wednesday fell to a 1-1/2 week low and closed lower. Bearish factors included (1) the Fed’s $10 billion QE3 tapering, (2) the larger-than-expected increase in U.S. Nov housing starts to a 5-3/4 year high, and (3) weak demand for the $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of 2.42, below the 12-auction average of 2.67. T-note prices saw some support from the Fed’s cut in its 2013 U.S. PCE inflation estimate. Closes: TYH4 -8.00, FVH4 -2.00.
The dollar index (DXY00 +0.55%) this morning is up +0.388 (+0.48%). EUR/USD (^EURUSD) is up +0.0001 (+0.01%) and USD/JPY (^USDJPY) is down -0.18 (-0.17%). The dollar index on Wednesday initially rose after the Fed tapered QE3 by $10 billion a month and raised its 2013 and 2014 U.S. GDP estimates, but shed its gains and closed little changed after the Fed Chairman Bernanke said that inflation is “more than a bit of a concern” and that the FOMC will take action if inflation doesn’t speed up, which suggests the Fed will be slow to cut QE3 further. USD/JPY surged to a fresh 5-year high on expectations the BOJ will continue to expand QE while the Fed cuts stimulus. Closes: Dollar index +0.044 (+0.05%), EUR/USD -0.00839 (-0.61%), USD/JPY +1.619 (+1.58%).
Jan WTI crude oil (CLF14 +0.03%) this morning is down -4 cents (-0.04%) and Jan gasoline (RBF14 +0.25%) is down -0.0049 (-0.18%). Jan crude oil and gasoline prices on Wednesday closed higher. Crude prices found support on weekly EIA data showing (1) U.S. crude stockpiles declined for a third week as they fell -2.941 million bbl to a 2-month low of 372.3 million bbl, and (2) a -600,000 bbl decline in crude oil supplies at Cushing, OK, the delivery point for WTI futures. Jan gasoline climbed to a 1-week high on signs of stronger demand after weekly EIA data showed U.S. gasoline demand for the week ended Dec 13 rose +8% w/w to 9.016 million bpd. Closes: CLF4 +0.58 (+0.60%), RBF4 +0.0501 (+1.89%).

GLOBAL EVENT CALENDAR12/19/2013

US	0830 ET	Weekly initial unemployment claims expected -33,000 to 335,000, previous +68,000 to 368,000. Weekly continuing claims expected -21,000 to 2.770 million, previous +40,000 to 2,791 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Dec Philadelphia Fed manufacturing index expected +3.5 to 10.0, Nov -13.3 to 6.5.
	1000 ET	Nov existing home sales expected -2.0% to 5.02 million, Oct -3.2% to 5.12 million.
	1000 ET	Nov leading indicators expected +0.7%, Oct +0.2%.
	1130 ET	Treasury auctions $29 billion 7-year T-notes.
	1300 ET	Treasury auctions $16 billion 5-year TIPS.
JPN	0000 ET	Revised Japan Oct leading index CI, previous 109.9. Revised Oct coincident index, previous 109.6.
	0030 ET	Japan Nov nationwide department store sales, Oct -0.6% y/y.
UK	0430 ET	UK Nov retail sales ex autos expected +0.3% m/m and +2.4% y/y, Oct -0.6% m/m and +2.3% y/y.
	0430 ET	UK Nov retail sales including autos expected +0.3% m/m and +2.2% y/y, Oct -0.7% m/m and +1.8% y/y.
	1905 ET	UK Dec GfK consumer confidence expected +1 to -11, Nov -12.

U.S. STOCK CALENDAR12/19/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
Darden Restaurants Inc	DRI US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.197
Accenture PLC	ACN US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	1.092
ConAgra Foods Inc	CAG US	7:30	Q2 2014 Earnings Release	Q2 2014	0.552
Accenture PLC	ACN US	8:00	Q1 2014 Earnings Call	Q1 2014
Darden Restaurants Inc	DRI US	8:30	Q2 2014 Earnings Call	Q2 2014
ConAgra Foods Inc	CAG US	9:30	Q2 2014 Earnings Call	Q2 2014
Coca-Cola Enterprises Inc	CCE US	10:00	FY 2014 Guidance Call	Y 2014
Lender Processing Services Inc	LPS US	10:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2013
Carnival Corp	CCL US	10:30	Q4 2013 Earnings Call	Q4 2013
Paychex Inc	PAYX US	10:30	Q2 2014 Earnings Call	Q2 2014
NIKE Inc	NKE US	16:15	Q2 2014 Earnings Release	Q2 2014	0.58
TIBCO Software Inc	TIBX US	16:30	Q4 2013 Earnings Call	Q4 2013
NIKE Inc	NKE US	17:00	Q2 2014 Earnings Call	Q2 2014
Cintas Corp	CTAS US	17:00	Q2 2014 Earnings Call	Q2 2014
Red Hat Inc	RHT US	17:00	Q3 2014 Earnings Call	Q3 2014
Cintas Corp	CTAS US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.684
Red Hat Inc	RHT US	Aft-mkt	Q3 2014 Earnings Release	Q3 2014	0.349
TIBCO Software Inc	TIBX US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.394
Carnival Corp	CCL US		Q4 2013 Earnings Release	Q4 2013	0

Sell Signals - TNAV,CENTA,GLOW,KEG

Today I deleted Telenav (TNAV), Central Garden and Pet (CENTA), Glowpoint (GLO) and  Key Energy Services (KEG) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Telenav (TNAV)

Barchart technical indicators:

• 80% short term technical sell signal
• Trend spotter sell signal
• Below its 20 and 50 day moving averages
• 16.12% off its recent high
• Relative Strength Index 29.90%

Central Garden and Pet (CENTA)

Barchart technical indicators:

• 60% short term technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 18.07% off its recent high
• Relative Strength Index 33.70%

Glowpoint (GLOW)

Barchart techncial indicators:

• 20% short term technical sell signal
• Below its 20, 50 and 100 day moving averages
• 14.38% off its recent high
• Relative Strength Index 49.12%

Key Energy Services (KEG)

Barchart technical indicators:

• 60% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 15.23% off its recent high
• Relative Strength Index 26.19%

Interval Leisure Group - Barchart's Chart of the Day

Interval Leisure Group (IILG) is Barcart's Chart of the Day.  The stock has a Trend Spotter buy signal, a Weighted Alpha of 69.60+ and gained 52.15% in the last year.


The Chart of the Day is Interval Leisure Group (IILG).  I found the stock by sorting the New High List for frequency during the last month, eliminated those without positive gains for both the last week and month then used the Flipchart feature to review the charts. Since the last Trend Spotter buy signal on 11/5 the stock has gained 24.14%.

It is a leading provider of membership and leisure services to consumers and business-to-business customers in the vacation industry. Its principal business is serving the vacation ownership market for more than 32 years. They are a membership-based organization that offers a comprehensive package of year-round benefits, including the opportunity to trade the use of resort time for alternate accommodations. Today, Interval has a network of over 2,400 resorts in excess of 75 countries, and offers its resort clients and approximately two million member families high-quality products and programs through 29 offices in 17 nations. RQH provides vacation rental and property management services to vacationers and vacation property owners across Hawaii with a portfolio of approximately 5,000 units in properties throughout the islands.

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 up 24.84% in the last month
• Relative Strength Index 82.57%
• Barchart computes a technical support level at 29.03
• Recently traded at 30.86 with a 50 day moving average of 25.78

Fundamental factors:

• Market Cap $1.77 billion
• P/E 22.33
• Dividend yield 1.49%
• Revenue projected to grow 4.00% this year and another 4.60% next year
• Earnings estimated to increase 88.70% this year, an additional 8.20% next year and continue to increase by 10.00% annually for the next 5 years
• Wall Street analysts issued 2 strong buy, 1 buy and 1 hold recommendation
• Financial Strength is B+

The company has a strong business model and has been in business for over 32 years.  You'd be safe using the 100 day moving averages to trade this one,

BARCHART MORNING CALL 12/18

BARCHART MORNING CALL

Wednesday, December 18th, 2013View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.20%) this morning are up +0.23% ahead of the outcome of the FOMC meeting later today and European stocks are up +0.96% after the German Dec IFO business climate rose to the highest in 20-months and after the UK Oct ILO unemployment rate unexpectedly dropped to a 4-1/2 year low. Asian stocks closed mixed: Japan +2.02%, Hong Kong +0.32%, China +0.04%, Taiwan -0.05%, Australia -0.14%, Singapore -0.19%, South Korea +0.49%, India +1.20%. China's Shanghai stock Index closed little changed and erased most its gains on concern the government will implement additional measures to curb growth in the property market after China Nov home prices rose in 69 of 70 cities tracked by the government. Japan's Nikkei Stock Index climbed to a 1-week high after Japan Nov exports rose more than expected and India's Sensex Stock Index also rose to a 1-week high after the RBI unexpectedly kept interest rates unchanged. Commodity prices are mixed. Jan crude oil (CLF14 +0.02%) is up +0.07%. Jan gasoline (RBF14 +0.64%) is up +0.73%. Feb gold (GCG14 +0.13%) is up +0.20%. March copper (HGH14 -0.50%) is down -0.47%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.07%) is up +0.05%. EUR/USD (^EURUSD) is down -0.14%. USD/JPY (^USDJPY) is up +0.28%. March T-note prices (ZNH14 -0.04%) are down -0.5 of a tick.

The German Dec IFO business climate rose +0.2 from Nov to 109.5, right on expectations and the highest in 20-months. The Dec IFO current assessment unexpectedly fell -0.6 to 111.6, weaker than expectations of a +0.3 increase to 112.5, and the Dec IFO expectations rose +1.0 point from a revised 106.4 in Nov to 107.4, better than expectations of an increase to 106.5 and the highest in 2-3/4 years.

UK Dec CBI reported sales surged to 34 from 1 in Nov, much better than expectations of an increase to 10 and matched September's increase as the most in 1-1/2 years.

UK Nov jobless claims fell -36,700, more than expectations for a -35,000 decline. The Nov claimant count rate fell to 3.8%, right on expectations. The Oct ILO unemployment rate for 3-months dropped -0.2 to 7.4%, better than expectations of unch at 7.6% and the lowest in 4-1/2 years.

Eurozone Oct construction output fell -1.2% m/m and -2.4% y/y, the eighth consecutive month output has fallen on an annual basis.

The Japan Nov trade balance widened to a -1.293 trillion yen deficit, a little less than expectations of a -1.351 trillion yen deficit, but still the biggest deficit in 10-months. Nov exports rose +18.4% y/y, better than expectations of +18.0% y/y, while Nov imports climbed +21.1% y/y, less than expectations of +21.4% y/y.

U.S. STOCK PREVIEW

The 2-day FOMC meeting concludes today with the chance that the FOMC may announce the beginning of QE3 tapering. Today’s Nov housing starts report is expected to show a sharp +8.0% increase to 954,000 from the August level, which was the last level that has been reported. The Sep and Oct housing starts reports will also be released today. The Treasury today will sell $35 billion of 5-year T-notes. The Treasury will then conclude this week’s $112 billion coupon package on Thursday by selling $29 billion of 7-year T-notes and $16 billion of 5-year TIPS. There are 5 of the Russell 1000 companies that release earnings today: General Mills (consensus $0.87), Lennar (0.62), FedEx (1.64), Oracle (0.67), Paycheck (0.42). There are no equity conferences during the remainder of the week.

OVERNIGHT U.S. STOCK MOVERS

Intel (INTC +0.86%) was added to the short-term 'Buy' list at Deutsche Bank.

The WSJ reported that British Petroleum (BP -1.11%) will write off $1.08 billion in expenses relating to a failed Brazilian well which found no commercial quantities of oil or gas.

Avon Products (AVP -0.35%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill.

Southern Copper (SCCO +0.04%) was upgraded to 'Buy' from 'Neutral' at Citigroup.

Lennar (LEN +0.57%) reported Q4 EPS of 75 cents, well above consensus of 62 cents.

Johnson Controls (JCI +0.73%) lowered guidance on fiscal 2014 EPS to $3.15-$3.30, below consensus of $3.31.

General Mills (GIS -0.66%) reported Q2 EPS of 83 cents, weaker than consensus of 87 cents.

FedEx (FDX -0.54%) reported Q2 EPS of $1.57, below consensus of $1.64.

Deutsche Bank downgraded the Semiconductor sector to 'Neutral' from 'Overweight' saying valuations in the sector are already pricing in a strong 2014 recovery.

Reuters reports that Citigroup (C -0.41%) and Bank of America's (BAC -0.39%) Merrill Lynch unit will face civil fraud charges from the U.S. Department of Justice over the sale of mortgage securities ahead of the financial crisis.

AllThingsD reported that Facebook (FB +1.95%) acquired SportStream. Terms of the deal were not disclosed.

Raytheon (RTN +0.18%) was awarded a$172.68 mllion contract modification to manufacture and deliver the AN/TPY-2 Radar #12 with associated spares.

Jabil Circuit (JBL +0.20%) slumped over 13% in after-hours trading after it said it sees Q2 EPS of 5 cents-15 cents, well below consensus of 52 cents, and said it sees Q2 revenue of $3.5 billion-$3.7 billion, below consensus of $4.28 billion.

VeriFone (PAY +0.08%) slipped over 4% in after-hours trading after it lowered guidance on fiscal 2014 EPS to $1.35-$1.40, well below consensus of $1.56.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.20%) this morning are up +4.00 points (+0.23%). The S&P 500 index on Tuesday closed lower. The Dec NAHB housing market index rose +4 to 58, better than expectations of +1 to 55 and matched the 8-year high from Aug, which bolstered expectations for Fed QE3 tapering. The Nov CPI of +1.2% y/y was slightly weaker than expectations of +1.3% y/y, which could delay a Fed tapering decision. Closes: S&P 500-0.31%, Dow Jones -0.06%, Nasdaq 100 -0.19%.

Mar 10-year T-notes (ZNH14 -0.04%) this morning are down -0.5 of a tick. Mar T-notes on Tuesday closed higher on bullish factors that included (1) weak equities, and (2) benign inflation data after Nov CPI rose less than expected. Gains were muted ahead of the conclusion of the FOMC meeting on Tuesday and after the Dec NAHB housing market index rose more than expected to match an 8-year high. Closes: TYH4 +10.00, FVH4 +6.00.

The dollar index (DXY00 +0.07%) this morning is up +0.042 (+0.05%). EUR/USD (^EURUSD) is down -0.0019 (-0.14%) and USD/JPY (^USDJPY) is up +0.29 (+0.28%). The dollar index on Tuesday closed little changed ahead of Wednesday’s conclusion of the 2-day FOMC meeting. A bullish factor for the dollar was the U.S. Q3 account balance that shrank more-than-expected to a 4-year low of -$94.8 billion. Weakness in EUR/USD was limited after the German Dec ZEW survey of economic expectations rose more-than-expected to a 7-1/2 year high. Closes: Dollar index -0.013 (-0.02%), EUR/USD +0.00073 (+0.05%), USD/JPY -0.356 (-0.35%).

Jan WTI crude oil (CLF14 +0.02%) this morning is up +7 cents (+0.07%) and Jan gasoline (RBF14 +0.64%) is up +0.0193 (+0.73%). Jan crude oil and gasoline prices on Tuesday settled mixed. Crude prices were pressured by concern the Fed is close to tapering stimulus, while the jump in the German Dec ZEW survey of economic expectations to a 7-1/2 year high buoyed crude prices along with expectations for a -3.0 million bbl draw in Wednesday’s EIA weekly crude inventory report. Closes: CLF4 -0.26 (-0.27%), RBF4 +0.0035 (+0.13%).

GLOBAL EVENT CALENDAR12/18/2013

US	0700 ET	Weekly MBA mortgage applications, previous +1.0% with purchase sub-index +0.9% and refi sub-index +2.1%.
	0830 ET	Nov housing starts expected 954,000, +8.0% from Augs level of 883,000 (Sep and Oct housing starts have yet to be released). Nov building permits expected -4.7% to 990,000, Oct +6.7% to 1.039 million.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $35 billion 5-year T-notes.
	1400 ET	FOMC announces interest rate decision and pace of asset purchases.
	1400 ET	Fed releases summary of economic projections.
	1430 ET	Fed Chairman Ben Bernanke holds press conference following FOMC meeting.
GER	0400 ET	German Dec IFO business climate expected +0.2 to 109.5, Nov 109.3. Dec IFO current assessment expected +0.3 to 112.5, Nov 112.2. Dec IFO expectations expected +0.2 to 106.5, Nov 106.3.
UK	0430 ET	Minutes of the Dec 4-5 BOE meeting.
	0430 ET	UK Nov jobless claims change expected -35,000, Oct -41,700. Nov claimant count rate expected -0.1 to 3.8%, Oct 3.9%.
	0430 ET	UK Oct ILO unemployment rate expected unch at 7.6% 3-months, Sep 7.6% 3-months. Oct avg weekly earnings expected +0.8% 3-mon avg year-over-year, Sep +0.7% 3-mon avg year-over-year. Oct avg weekly earnings ex-bonus expected +0.8% 3-mon avg year-over-year, Sep +0.8% 3-mon avg year-over-year.
	0600 ET	UK Dec CBI reported sales expected +9 to 10, Nov 1.
EUR	0500 ET	Eurozone Oct construction output, Sep -1.3% m/m and -0.2% y/y.
JPN	2330 ET	Japan Oct all-industry activity index expected -0.3%, Sep +0.4% m/m.

U.S. STOCK CALENDAR12/18/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
General Mills Inc	GIS US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.874
Lennar Corp	LEN US	6:00	Q4 2013 Earnings Release	Q4 2013	0.624
FedEx Corp	FDX US	7:30	Q2 2014 Earnings Release	Q2 2014	1.642
Johnson Controls Inc	JCI US	8:00	Analyst Meeting	Y 2013
CVS Caremark Corp	CVS US	8:00	Analyst Day	Y 2013
FedEx Corp	FDX US	8:30	Q2 2014 Earnings Call	Q2 2014
General Mills Inc	GIS US	8:30	Q2 2014 Earnings Call	Q2 2014
AutoZone Inc	AZO US	9:00	Annual General Meeting	Y 2013
Ford Motor Co	F US	9:00	Business Update Call
Lennox International Inc	LII US	9:00	Investor Meeting	Y 2013
Lennar Corp	LEN US	11:00	Q4 2013 Earnings Call	Q4 2013
Raymond James Financial Inc	RJF US		November 2013 Sales and Revenue Release - Operating Data Results	2013
Theravance Inc	THRX US		PDUFA, Anoro Ellipta (LAMA/LABA), chronic obstructive pulmonary disease
Hudson City Bancorp Inc	HCBK US		Annual General Meeting	Y 2013