Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2013-12-29

Friday, January 3, 2014

Hawaiian Holdings - Barchart's Chart of the Day

Hawaiian Holdings (HA) is the Barchart Chart of the Day. The Hawaiian headquartered airlines has a Trend Spotter buy signal, a Weighted Alpha of 77.70+ and gained 50.51% in the last year.

The Chart of the Day is Hawaiian Holdings (HA). I found the stock by sorting today's New High List for frequency in the last month, skipped over the stock that didn't have positive gains for the last week and month. Lastly I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/28 the stock is up 25.71%.

It is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti.

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
16 new highs and up 16.23% in the last month
Relative Strength Index 82.29%
Barchart computes a technical support level at 9.36
Recently traded at 10.31 with a 50 day moving average of 8.68

Fundmental factors:

Market Cap $537.46 million
P/E 15.05
Revenue projected to increase 9.90% this year and another 8.90% next year
Earnings estimated to decrease 14.20% this year, increase by 34.10% next year but overall shrink 7.60% annually for the next 5 years
Wall Street analyst issued 2 strong buy, 1 buy, 4 hold and 1 under perform recommendation on the stock
Financial Strength is C++

Airlines are consolidating so I'd look for a buyout on this one. Watch the 100 day moving averages for an exit.

Thursday, January 2, 2014

Northstar Realty Finance - Barchart's Chart of the Day

Northstar Realty Finance (NRF) is the Chart of the Day. The Real Estate Investment Trust has a Trend Spotter buy signal, a Weighted Alpha of 97.39+ and gained 87.43% in the last year.

The Chart of the Day is Northstar Realty Finance (NRF). I found the stock by sorting the New High List for frequency in the last month, and eliminated the stock that did not have positive gains for the last week and month. Last;y, I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 11/26 the stock gained 39.92%.

It is an internally-managed REIT that makes fixed income, structured finance and net lease investments in commercial real estate assets. NorthStar Realty's business consists of three core business lines: subordinate real estate debt, real estate securities and net lease properties.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 41.59% in the last month
Relative Strength Index 87.10%
Barchart computes a technical support level at 13.08
Recently traded at 13.72 with a 50 day moving average of 10.62

Fundamental factors:

Market Cap $3.22 billion
P/E 10.08
Dividend yield 6.31%
Revenue projected to increase 17.00% this year and another 17.20% next year
Earnings estimated to be down 35.10% this year but increase again by 12.60% next year
Wall Street analysts issued 1 strong buy and 4 buy recommendations

The stock has been increasing in both volume and price. Use the 100 day moving average as your exit point.

Tuesday, December 31, 2013

Avnet - Barchart's Chart of the Day

Avent (AVT) is Barchart's Chart of the Day. The electronics and computer products distributor has a Trend Spotter buy signal, a Weighted alpha of 40.90+ and gained 47.76% in the last year.

The Chart of the Day is Avnet (AVT). I found the stock by sorting the New High List for frequency in the last month and then eliminated those stocks that did not have positive gains for the last week and month. I then used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy on 12/10 the stock is up 5.08%.

It is one of the world's largest industrial distributors of electronic components and computer products. The company is a vital link in the chain that connects suppliers of semiconductors, interconnect products, passive and electromechanical devices to original equipment manufacturers and contract manufacturers that design and build the electronic equipment for end-market use, and to other industrial customers. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 10.45% in the last month
Relative Strength Index 72.18%
Barchart computes a technical support level at 43.06
Recently traded 44.12 with a 50 day moving average of 41.00

Fundamental factors:

Market Cap $6.05 billion
P/E 11.46
Dividend yield 1.38%
Revenue is projected to grow 5.70% this year and another 4.20% next year
Earnings are estimated to increase by 13.70% annually over the next 5 years
Wall Street analysts issued 4 strong buy, 3 buy and 5 hold recommendations
Financial Strength is A

The stock has been a Chart of the Day before and has show steady gains over the last year. Use the 50 day moving averages as an exit point.

Barchart Morning Call 12/31

BARCHART MORNING CALL

Tuesday, December 31st, 2013View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.05%) this morning are up +0.04% and European stocks are up +0.14% in uninspired holiday trade. Most European markets close early today ahead of the New Year holiday, although the U.S. market is open for a full day. The S&P 500 has rallied over 29% in 2013, the best year since 1997. Asian stocks closed mixed: Japan and South Korea closed for holiday, Hong Kong +0.26%, China +1.33%, Taiwan -0.14%, Australia -0.09%, Singapore +0.45%, India +0.13%. China's Shanghai Stock Index climbed to a 1-week high, led by a rally in brokerage stocks, after the China Securities Regulatory Commission (CSRC) gave approval for 5 companies to raise a combined $353 million from IPO sales. China, the world's biggest IPO market in 2010 with $71 billion raised, hasn't had an IPO since Oct 2012 as regulators cracked down on fraud. The CSRC estimates that about 50 companies are expected to complete IPO approval preparations and list by the end of Jan. The Shanghai Stock Index still lost 7.6% for the year on concern that a slowdown in Chinese economic growth will curb company profits. Commodity prices are mixed. Feb crude oil (CLG14 -0.64%) is down -0.35%. Feb gasoline (RBG14 -0.18%) is down -0.06%. Feb gold (GCG14 -0.30%) is down -0.07%. March copper (HGH14 -0.03%) is up +0.06%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.11%) is up +0.14%. EUR/USD (^EURUSD) is down -0.23%. USD/JPY (^USDJPY) is down -0.18%. March T-note prices (ZNH14 -0.09%) are down -5.5 ticks.
China's yuan posted a 20-year high today of 6.0506 per dollar after the PBOC raised its daily fixing on the yuan by 0,09% to 6.0969, the strongest since the peg to the dollar was removed in 2005. The yuan is allowed to diverge a maximum 1.00% from the daily fixing.
The yuan accounted for 8.66% of letters of credit and collections used in global trade finance in Oct, second to the dollar as it surpassed the euro's share of 6.64%, according to data from Worldwide Interbank Financial Telecommunication.
The UK Dec Lloyds Bank commercial business barometer fell -2 points from Nov to 48, the lowest in 5-months.

U.S. STOCK PREVIEW

Today’s Oct CaseShiller U.S. Composite-20 home price index is expected to show an increase of +0.95% m/m, adding to the +1.03% increase seen in September. Today’s Dec U.S. consumer confidence index from the Conference Board is expected to show a +5.8 point increase to 76.2, more than reversing the -2.0 point decline to 70.4 seen in November. Today’s Dec Chicago PMI is expected to show a -2.2 point decline to 60.8, adding to the -2.9 point decline to 63.0 seen in November. There are no major U.S. earnings reports today. There are no equity conferences this week.

OVERNIGHT U.S. STOCK MOVERS

Empire Capital reported a 5.8% passive stake in Veeva Systems (VEEV +0.06%) .
Haemonetics (HAE -1.12%) was downgraded to 'Hold' from 'Buy' at Benchmark Co.
Business Insider reports that Hewlett-Packard (HPQ -0.43%) is planning to cut another 5,000 jobs in addition to the 29,000 jobs it had targeted previously.
DigiTimes reports that solar-grade crystalline silicon wafer prices have risen to 98 cents-99 cents due to strong demand and high-efficiency wafers have exceeded $1 and that prices are also likely to rise by another 5% in January 2014.
Marvell (MRVL +0.95%) jumped 9% in pre-market trading after KKR Fund Holding reported a 6.8% stake in the company.
Boeing (BA -0.72%) was awarded a $750 million government contract to provide integrated engineering services for the B-1 weapon system.
Transforce reported a 19.95% stake in Vitran (VTNC -3.44%) .
Bloomberg reported that FedEx (FDX -0.26%) has been sued by New York City for delivering untaxed cigarettes from a Long Island Indian reservation to New York City residents' homes, with the city seeking $52 million from the shipper.
Great Point Partners reported a 5.69% passive stake in Aveo Pharmaceuticals (AVEO +8.02%) .

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.05%) this morning are up +0.75 of a point (+0.04%). The S&P 500 on Monday closed little changed in thin holiday-week trade. Profit-taking and long liquidation helped pushed stock prices down after U.S. Nov pending home sales rose +0.2% m/m, weaker than expectations of +1.0% m/m. Closes: S&P 500 -0.02%, Dow Jones +0.16%, Nasdaq 100 -0.11%.
Mar 10-year T-notes (ZNH14 -0.09%) this morning are down -5.5 ticks. Mar 10-year T-note prices on Monday closed higher. T-note prices found support from the weaker-than-expected U.S. Nov pending home sales along with month-end buying by fixed-income funds that typically purchase longer-maturity Treasuries to align the interest rate sensitivity of their holdings with the benchmark Treasury indexes. Closes: TYH4 +7.50, FVH4 +4.50.
The dollar index (DXY00 +0.11%) this morning is up +0.114 (+0.14%). EUR/USD (^EURUSD) is down -0.0032 (-0.23%) and USD/JPY (^USDJPY) is down -0.19 (-0.18%). The dollar index on Monday closed lower but remained above last Friday’s 1-3/4 month low. EUR/USD gained on hawkish comments from ECB President Draghi who said he sees no need for further cuts to the bank’s benchmark interest rate amid “encouraging signs” that the euro crisis may be resolved. USD/JPY posted a new 5-year high on divergence in monetary policy between the BOJ and the Fed which weakens the yen against the dollar, although long liquidation set in and USD/JPY settled lower. Closes: Dollar index -0.392 (-0.49%), EUR/USD +0.00598 (+0.44%), USD/JPY -0.006 (-0.01%).
Feb WTI crude oil (CLG14 -0.64%) this morning is down -35 cents (-0.35%) and Feb gasoline (RBG14 -0.18%) is down -0.0018 (-0.06%). Feb crude oil and gasoline on Monday closed lower. Weaker-than-expected U.S. Nov pending home sales along with a slide in stock prices fueled long liquidation in energy futures. Another bearish factor for gasoline prices was end of the strike at five French Total SA refineries, which will boost French refinery output and reduce demand for imported U.S. gasoline supplies. Closes: CLG4 -1.03 (-1.03%), RBG4 -0.0226 (-0.80%).

GLOBAL EVENT CALENDAR12/31/2013

US	0900 ET	Oct S&P CaseShiller composite-20 home price index expected +0.95% m/m and +13.45% y/y, Sep +1.03% m/m and +13.29% y/y.
	0945 ET	Dec Chicago PMI expected -2.2 to 60.8, Nov -2.9 to 63.0.
	1000 ET	Dec consumer confidence (Conference Board) expected +5.8 to 76.2, Nov -2.0 to 70.4.
UK	0430 ET	UK Dec Lloyds business barometer, Nov 50.
CHI	2000 ET	China Dec manufacturing PMI expected -0.2 to 51.2, Nov unch at 51.4.
JPN	n/a	Japanese markets close for a Bank holiday.

U.S. STOCK CALENDAR12/31/2013

Company Name	Ticker	Event Description	Period	Estimate
Orthofix International NV	OFIX US	Q2 2013 Earnings Release	Q2 2013
Citizens & Northern Corp	CZNC US	Q4 2013 Earnings Release	Q4 2013	0.4
First Security Group Inc/TN	FSGI US	Q4 2013 Earnings Release	Q4 2013
Tower Group International Ltd	TWGP US	Q3 2013 Earnings Release	Q3 2013	-1.044

Monday, December 30, 2013

Crane Company - Barchart's Chart of the Day

The Crane Company (CR) is the Chart of the Day. The industrial products company has a Trend Spotter buy signal, a Weighted Alpha of 38.70+ and gained 47.61% in the last year.

The Chart of the Day is The Crane Company (CR). I found the stock by sorting the New High List for frequency in the last month and then eliminated those stocks not having positive gains in the last month. Although the gains have been spotty there have been reoccurring Trend Spotter buy signals. Since the last one on 12/4 the stock is up 6.10%.

It is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Fluid Handling, Engineered Materials, Merchandising Systems, and Controls.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 7.72% in the last month
Relative Strength Index 69.53%
Barchart computes a technical support level at 66.74
Recently traded at 67.12 with a 50 day moving average of 63.85

Fundamental factors:

Market Cap $3.90 billion
P/E 16.59
Dividend yield 1.79%
Analysts predict revenue will grow 2.60% this year and another 1.80% next year
Earnings estimated to increase by 12.40% this year, an additional 10.10% next year and continue to increase annually by 9.10% for the next 5 years
Wall Street analysts issued 2 strong buy, 2 buy and 3 hold recommendations on the stocks
Financial Strength is B+