Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2014-01-26

Friday, January 31, 2014

Swimming against the Tide

Those of you who follow my Daily Picks column in Barchart.com may have noticed that I have not posted any Daily Picks in a few days. There has been a reason for that. I thought the market was unstable and didn't want anyone buying into an unstable market.

Believe it or not although I am a momentum investor my main goal is capital preservation. I'm over 65 and have accumulated a sizable portfolio I intend to live off of for the rest of my life. I strictly sell stocks that are not meeting my price momentum expectations and only buy in when the market is trading above its 20, 50 and 100 day moving averages. The Market Momentum page on Barchart makes it easy for me to determine when that point is.

The picks today are not buy picks but are for informational purposes. Yesterday 381 stocks were on the New High list for the last month. These are the ones I think you should put on your watch list.

The list includes First Potomac Realty Trust (FPO), Incyte Corp (INCY), Apollo Residential Mortgage (AMTG), National Health Investors (NHI) and an unrated stock American Airlines Group (AAL). Barchart does not apply their technical trading indicators until a stock has at least 6 months of trading activity under its belt.

First Potomac Realty Trust (FPO)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 11.64% in the last month
Relative Strength Index 78.39%
Barchart computes a technical support level at 12.95
Recently traded at 12.95 with a 50 day moving average of 11.94

Incyte Corp (INCY)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 31.40% in the last month
Relative Strength Index 71.70%
Barchart computes technical support level at 64.78
Recently traded at 66.48 with a 50 day moving average of 53.09

Apollo Residential Mortgage (AMTG)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signals
Above its 20, 50 and 100 day moving averages
16 new highs and up 9.38% in the last month
Relative Strength Index 70.55%
Barchart computes a technical support level at 15.71
Recently traded at 15.8 with a 50 day moving average of 15.19

National Health Investors (NHI)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and100 day moving averages
15 new highs and up 10.48% in the last month
Relative Strength Index 71.90%
Barchart computes a technical support level at 61.46
Recently traded at 62.75 with a 50 day moving average of 58.44

American Airlines Group (AAL)

Barchart technical indicators:

Does not have a 6 month trading history so it is unrated
Trading above its 20 and 50 day moving averages
14 new highs and up 30.79% in the last month
Relative Strength Index 71.85%
Recently traded at 33.27

BARCHART MORNING CALL 1/31

BARCHART MORNING CALL

Friday, January 31st, 2014View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 -0.67%) this morning are down -0.84% and European stocks are down -1.72%% on deflation fears in Europe after the Eurozone Jan CPI estimate rose at the slowest pace in 4-years. Another negative for European stocks was the unexpected drop in German Dec retail sales by the most in nearly 3-years. Asian stocks closed mixed: Japan -0.62%, Australia +0.04% and India +0.08%. Hong Kong, China, Taiwan, Singapore and South Korea were closed for holiday. Japan's Nikkei Stock Index rallied early after the Japan Dec jobless rate fell to a 6-1/3 year low, but stocks reversed and fell to the lowest in 2-1/2 months after signs of faster-than-expected inflation reduced the case for additional stimulus from the BOJ. Commodity prices are mixed. Mar crude oil (CLH14 -0.84%) is down -0.45%. Mar gasoline (RBH14 -0.83%) is down -0.18%. Feb gold (GCG14 +0.55%) is up +0.46%. March copper (HGH14 -0.56%) is down -0.54% at a 1-3/4 month low. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.02%) is unch. EUR/USD (^EURUSD) is down -0.04% at a 1-week low after Eurozone inflation slowed more than expected, which may pressure the ECB to boost its stimulus measures. USD/JPY (^USDJPY) is down -0.50%. March T-note prices (ZNH14 +0.24%) are up +11 ticks at a 2-1/2 month high on increased safe-haven demand from the slide in stocks.
The Eurozone Jan CPI estimate rose +0.7% y/y, a smaller increase than expectations of +0.9% y/y and matched October's increase as the smallest in 4-years. The Jan core CPI rose +0.8% y/y, right on expectations.
The Eurozone Dec unemployment rate held steady at 12.0% from a downward revised 12.0% in Nov, originally reported at 12.1%, better than expectations of unch at 12.1%.
German Dec retail sales unexpectedly fell -2.5% m/m, the biggest monthly drop in 2-3/4 years and weaker than expectations of +0.2% m/m. On an annual basis, Dec retail sales slipped -2.4% y/y, weaker than expectations of +1.9% y/y and the biggest decline in 6-months.
UK Jan GfK consumer confidence rose +6 to -7, better than expectations of +1 to -12 and the highest in 6-1/3 years.
Japan Dec national CPI rose +1.6% y/y, stronger than expectations of +1.5% y/y and the highest in 5-years. Dec national CPI ex-fresh food rose +1.3% y/y, greater than expectations of +1.2% y/y and the most in 5-years.
The Japan Jan Markit/JMMA manufacturing PMI climbed +1.4 to 56.6, the fastest pace of expansion in 7-3/4 years.
Japan Dec industrial production rose +1.1% m/m and +7.3% y/y, slightly less than expectations of +1.3% m/m and +7.3% y/y.
The Japan Dec jobless rate fell -0.3 to 3.7%, a bigger decline than expectations of -0.1 to 3.9% and the lowest in 6-1/3 years. The Dec job-to-applicant ratio rose +0.03 to 1.03, stronger than expectations of +0.01 to 1.01 and the highest in 6-1/3 years.
Japan Dec overall household spending rose +0.7% y/y, weaker than expectations of +1.1% y/y.

U.S. STOCK PREVIEW

Today’s final-Jan U.S. consumer confidence index from the University of Michigan is expected to show a +0.6 point increase to 81.0 from the early-Jan level of 80.4. Today’s Jan Chicago PMI is expected to show a -1.8 point decline to 59.0, adding to the -2.2 point decline to 60.8 seen in December. Today’s Dec personal income and spending reports are both expected to show modest increases of +0.2% following the Nov report of +0.2% and +0.5%, respectively. Today’s Dec PCE deflator is expected to climb to +1.1% y/y from +0.9% in November. Meanwhile, the Dec core PCE deflator, which is the Fed’s preferred inflation measure, is expected to climb slightly to +1.2% y/y from +1.1% in November.
There are 18 of the S&P 500 companies that report earnings today. Notable reports include Mastercard (consensus $0.60), Tyson Foods (0.64), Mattel (1.20), Chevron (2.57), Mead Johnson Nutrition (0.77), Weyerhaeuser (0.28), National Oilwell Varco (1.39), and Simon Property Group (2.43). There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Legg Mason (LM +1.71%) reported Q3 EPS of 67 cents, much weaker than consensus of 99 cents.
AON Plc (AON +1.50%) reported Q4 EPS of $1.28, well below consensus of $1.51.
Weyerhaeuser (WY +0.75%) reported Q4 EPS of 27 cents, below consensus of 28 cents.
Bank of New York Mellon reported a 5.09% passive stake in Tesco (TESO +2.63%) .
Eastman Chemical (EMN +1.71%) reported Q4 EPS of $1.35, better than consensus of $1.25.
Wolverine Asset reported a 5.1% passive stake in Comtech (CMTL +0.13%) .
Manitowoc (MTW +1.89%) reported Q4 adjusted EPS of 47 cents, better than consensus of 34 cents.
CSC (CSC +2.07%) reported Q3 EPS of 94 cents, well ahead of consensus of 84 cents, and then raised guidance on fiscal 2014 EPS to $3.80-$3.90, stronger than consensus of $3.68.
Symetra Financial (SYA +0.77%) reported Q4 adjusted EPS of 42 cents, better than consensus of 39 cents.
B. Thomas Golisano reported a 10.4% passive stake in Paychex (PAYX +0.62%) .
C.R. Bard (BCR +0.54%) reported Q4 adjusted EPS of $1.42, higher than consensus of $1.39.
McKesson (MCK +2.28%) reported Q3 adjusted EPS of $1.45, well below consensus of $1.85, and then lowered guidance on fiscal 2014 adjusted EPS to $8.05-$8.20, weaker than consensus of $8.31.
Broadcom (BRCM +1.81%) reported Q4 EPS of 60 cents, better than consensus of 57 cents.
Wynn Resorts (WYNN +3.94%) reported Q4 adjusted EPS of $2.27, well above consensus of $1.74.
Amazon.com (AMZN +4.90%) slid 5% in after-hours trading after it reported Q4 EPS of 51 cents, well below consensus of 66 cents.
Google (GOOG +2.57%) reported Q4 EPS of $12.01, below consensus of $12.26.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 -0.67%) this morning are down -15.00 points (-0.84%). The S&P 500 on Thursday closed higher due to strength in U.S. Q4 GDP and stronger-than-expected Q4 earnings results. U.S. Q4 GDP rose +3.2% (annualized q/q), right on expectations, and Q4 personal consumption climbed +3.3%, the biggest increase in 3 years. As of Thursday, 77% of the S&P 500 companies that have reported Q4 earnings results have beaten estimates. Closes: S&P 500 +1.13%, Dow Jones +0.70%, Nasdaq 100 +1.86%.
Mar 10-year T-notes (ZNH14 +0.24%) this morning are up +11 ticks at a 2-1/2 month high. Mar 10-year T-note futures prices on Thursday closed lower as strength in U.S. Q4 GDP boosted stocks and strengthened expectations for steady Fed QE3 tapering. T-notes found support on the sharp -8.7% drop in U.S. Dec pending home sales, the biggest decline in 3-1/2 years. Closes: TYH4 -5.50, FVH4 -2.50.
The dollar index (DXY00 +0.02%) this morning is unch. EUR/USD (^EURUSD) is down -0.0006 (-0.04%) at a 1-week low. USD/JPY (^USDJPY) is down -0.51 (-0.50%). The dollar index on Thursday closed higher after strength in U.S. Q4 GDP boosted expectations that the Fed will continue to taper QE3. EUR/USD fell on speculation that deflation concerns may prompt the ECB into additional stimulus measures after the German Jan CPI report of -0.7% m/m and +1.2% y/y was weaker than expectations of -0.6% m/m and +1.3% y/y. Closes: Dollar index +0.580 (+0.72%), EUR/USD -0.01084 (-0.79%), USD/JPY +0.439 (+0.43%).
Mar WTI crude oil (CLH14 -0.84%) this morning is down -44 cents (-0.45%) and Mar gasoline (RBH14 -0.83%) is down -0.0047 (-0.18%). Mar crude oil and gasoline prices on Thursday closed higher with Mar crude at a 4-week high and Mar gasoline at a 1-week high. Bullish factors includes (1) strength in the U.S. economy that benefits fuel demand after Q4 personal consumption climbed +3.3%, the most in 3 years, and (2) speculation that U.S. demand for heating fuels will continue to be strong after Commodity Weather Group said that January is on track to be the coldest month of the century in the lower 48 states. Closes: CLH4 +0.87 (+0.89%), RBH4 +0.0057 (+0.21%).

GLOBAL EVENT CALENDAR01/31/2014

US	0830 ET	Q4 employment cost index expected +0.4%, Q3 +0.4%.
	0830 ET	Dec personal spending expected +0.2%, Nov +0.5%. Dec personal income expected +0.2%, Nov +0.2%. Dec PCE deflator expected +0.2% m/m and +1.1% y/y, Nov unch m/m and +0.9% y/y. Dec core PCE deflator expected +0.1% m/m and +1.2% y/y, Nov +0.1% m/m and +1.1% y/y.
	0945 ET	Jan Chicago PMI expected -1.8 to 59.0, Dec -2.2 to 60.8.
	0955 ET	Final Jan U.S. University of Michigan consumer confidence expected +0.6 to 81.0, previous -2.1 to 80.4.
	1315 ET	Dallas Fed President Richard Fisher speaks about Fed operations and the economy at a community forum hosted by the Dallas Fed.
	2400 ET	Fed Chairman Ben Bernankes term expires, paving the way for Janet Yellen to become the new Fed Chairperson.
JPN	0000 ET	Japan Dec housing starts expected +13.6% y/y to 1.000 million. Nov +14.1% y/y to 1.033 million.
	0000 ET	Japan Dec construction orders, Nov +2.2% y/y.
GER	0200 ET	German Dec retail sales expected +0.2% m/m and +1.9% y/y, Nov +0.8% m/m and +1.6% y/y.
UK	0430 ET	UK Jan Lloyds business barometer, Dec 48.
EUR	0500 ET	Eurozone Dec unemployment rate expected unch at 12.1%, Nov 12.1%.
	0500 ET	Eurozone Jan CPI estimate expected +0.9% y/y, Dec +0.8% y/y. Jan core CPI expected +0.8% y/y, Dec +0.7% y/y.
CHI	2000 ET	China Jan manufacturing PMI expected -0.5 to 50.5, Dec 51.0.

U.S. STOCK CALENDAR01/31/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Mead Johnson Nutrition Co	MJN US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.765
Newell Rubbermaid Inc	NWL US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.461
LyondellBasell Industries NV	LYB US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.401
AbbVie Inc	ABBV US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.823
Tyco International Ltd	TYC US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.451
MasterCard Inc	MA US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.598
Weyerhaeuser Co	WY US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.28
National Oilwell Varco Inc	NOV US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.389
Tyson Foods Inc	TSN US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.638
Simon Property Group Inc	SPG US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	2.431
Mattel Inc	MAT US	6:00	Q4 2013 Earnings Release	Q4 2013	1.204
Aon PLC	AON US	6:30	Q4 2013 Earnings Release	Q4 2013	1.508
CONSOL Energy Inc	CNX US	7:00	Q4 2013 Earnings Release	Q4 2013	0.061
Legg Mason Inc	LM US	7:00	Q3 2014 Earnings Release	Q3 2014	0.99
Dominion Resources Inc/VA	D US	7:30	Q4 2013 Earnings Release	Q4 2013	0.886
Morgan Stanley	MS US	8:00	Fixed Income Investor Update Call
Tyco International Ltd	TYC US	8:00	Q1 2014 Earnings Call	Q1 2014
Actavis plc	ACT US	8:00	Investor Day	Y 2014
PACCAR Inc	PCAR US	8:00	Q4 2013 Earnings Release	Q4 2013	0.927
Legg Mason Inc	LM US	8:00	Q3 2014 Earnings Call	Q3 2014
Eastman Chemical Co	EMN US	8:00	Q4 2013 Earnings Call	Q4 2013
Aon PLC	AON US	8:30	Q4 2013 Earnings Call	Q4 2013
Avery Dennison Corp	AVY US	8:30	Q4 2013 Earnings Release	Q4 2013	0.681
Chevron Corp	CVX US	8:30	Q4 2013 Earnings Release	Q4 2013	2.567
Mattel Inc	MAT US	8:30	Q4 2013 Earnings Call	Q4 2013
Newell Rubbermaid Inc	NWL US	9:00	Q4 2013 Earnings Call	Q4 2013
AbbVie Inc	ABBV US	9:00	Q4 2013 Earnings Call	Q4 2013
MasterCard Inc	MA US	9:00	Q4 2013 Earnings Call	Q4 2013
National Oilwell Varco Inc	NOV US	9:00	Q4 2013 Earnings Call	Q4 2013
Tyson Foods Inc	TSN US	9:00	Q1 2014 Earnings Call	Q1 2014
Mead Johnson Nutrition Co	MJN US	9:30	Q4 2013 Earnings Call	Q4 2013
Newmont Mining Corp	NEM US	10:00	Q4 2013 Sales and Revenue Call	Q4 2013
CONSOL Energy Inc	CNX US	10:00	Q4 2013 Earnings Call	Q4 2013
Dominion Resources Inc/VA	D US	10:00	Q4 2013 Earnings Call	Q4 2013
Weyerhaeuser Co	WY US	10:00	Q4 2013 Earnings Call	Q4 2013
Simon Property Group Inc	SPG US	10:00	Q4 2013 Earnings Call	Q4 2013
LyondellBasell Industries NV	LYB US	11:00	Q4 2013 Earnings Call	Q4 2013
Chevron Corp	CVX US	11:00	Q4 2013 Earnings Call	Q4 2013
Tyson Foods Inc	TSN US	11:00	Annual General Meeting	Y 2014
PACCAR Inc	PCAR US	12:00	Q4 2013 Earnings Call	Q4 2013
Avery Dennison Corp	AVY US	13:00	Q4 2013 Earnings Call	Q4 2013
Bristol-Myers Squibb Co	BMY US		PDUFA, tasimelteon, Non-24-Hour Disorder in the totally blind

Thursday, January 30, 2014

Ohr Pharmaceuticals - Barchart's Chart of the Dat

Ohr Pharmceuticals (OHRP) is the Barchart Chart of the Day. The pharmaceutical stock has a Trend Spotter buy signal, a Weighted Alpha of 87.90+ and gained 99.59% in the last year.

The Barchart Chart of the Day is Ohr Pharmaceutical (OHRP). I found the stock by sorting the today's All Time High list for frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy in 12/20 the stock gained 19.32%.

OHRP is a pharmaceutical company. It is focused on the development of novel therapeutics for the treatment of cancer cachexia, wet form of age-related macular degeneration and ophthalmic neovascularization disorders.

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
12 new highs and up 22.77% in the last month
Relative strength Index 70.83%
Barchart computes a technical support level at 9.00
Recently traded at 9.76 with a 50 day moving average of 8.30

Fundamental factors:

Market Cap $194.91 million
There is only 1 analysts following the stock and the recommendation is a strong buy
Since there is only 1 analyst there is no consensus estimates

I'd like you to take a look at the chart above and notice how the volume is picking up. That's a good sign that the stock is accumulating a new following. Watch the 50 day moving average for signs of weakness and use the 100 day moving average as your stop loss.

Deluxe Corp - sell signals

I recently deleted Deluxe Corp (DLX) from the Barchart Van Meerten New High portfolio for negative price momentum:

Barchart technical indicators:

60% Barchart technical short term sell signals
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
10.40% off its recent high
Relative strength Index 40.16%

BARCHART MORNING CALL 1/30

BARCHART MORNING CALL

Thursday, January 30th, 2014View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.23%) this morning are up +0.34% and European stocks are down -0.08% as concern over emerging-markets offsets stronger-than-expected Eurozone economic data. Worries over growth in China along with Fed tapering concerns have sent global stocks down by -3.3% since Jan 23 when a gauge of manufacturing activity in China contracted for the first time in 6-months. Asian stocks closed lower: Japan -2.45%, Hong Kong -0.48%, China -1.14%, Taiwan and South Korea closed for holiday, Australia -0.78%, Singapore -0.68%, India -0.72%. Losses in European stocks were limited after Eurozone Jan economic confidence climbed to a 2-1/2 year high and after the German Jan unemployment rate matched a two-decade low. Commodity prices are mixed. Mar crude oil (CLH14 +0.47%) is up +0.37% at a 4-week high as the severe cold-snap to blanket much of the U.S. has boosted demand for heating fuels. Mar gasoline (RBH14 +0.11%) is up +0.03%. Feb gold (GCG14 -0.56%) is down -0.63%. March copper (HGH14 -0.17%) is down -0.20% at a 1-1/2 month low on Chinese demand concerns after a gauge of Chinese manufacturing activity contracted more than first reported. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.48%) is up +0.43%. EUR/USD (^EURUSD) is down -0.46%. USD/JPY (^USDJPY) is up +0.20%. March T-note prices (ZNH14 -0.20%) are down -7.5 ticks.
German Jan unemployment fell -28,000, a bigger decline than expectations of -5,000 and the largest drop in 2-1/3 years. The Jan unemployment rate was unch at 6.8% from a downward revised 6.8% in Dec, better than expectations of unch at 6.9% and matched the lowest rate since data for a unified Germany began in 1991.
Eurozone Jan economic confidence rose +0.5 to 100.9 from an upward revised 100.4 in Dec, slightly less than expectations of +1.0 to 101.0 but still the highest in 2-1/2 years. The Jan business climate indicator unexpectedly fell -0.01 to 0.19 from a downward revised 0.20 in Dec, weaker than expectations of a +0.8 increase to 0.35.
UK Dec mortgage approvals rose 71,600, less than expectations of 72,900 but still the most in 5-3/4 years.
Japan Dec retail sales unexpectedly fell -1.1% m/m, weaker than expectations of +0.3% m/m, and on an annual basis climbed +2.6% y/y, weaker than expectations of +3.9% y/y.
The China Jan HSBC/Markit manufacturing PMI was revised downward to 49.5 from the originally reported 49.6, the first contraction in 6-months.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show an increase of +4,000 to 330,000, adding to last week’s small increase of +1,000 to 326,000. Weekly continuing claims are expected to show a -56,000 decline to 3.000 million, more than reversing last week’s +34,000 increase to 3.056 million. Today’s Q4 GDP report is expected to be relatively strong at +3.2% (q/q annualized), although that would be down from +4.1% in Q3. Today’s Dec pending home sales report is expected to show a decline of -0.3% m/m and -0.3% y/y following the Nov report of +0.2% m/m and -4.0% y/y. The Treasury today will conclude this week’s $111 billion T-note package by selling $35 billion in 5-year T-notes and $29 billion of 7-year T-notes.
There are 56 of the S&P 500 companies that report earnings today. Notable reports include Visa (consensus $2.16), Amazon (0.69), Google (12.26), UPS (1.25), Exxon Mobil (1.91), ConocoPhillips ($1.32), PulteGroup (0.45), Viacom (1.16), Time Warner (1.73), and Raytheon (1.35). Equity conferences during the remainder of this week include: Cloudcast'14 on Thu.

OVERNIGHT U.S. STOCK MOVERS

ConocoPhillips (COP -0.59%) reported Q4 EPS of $1.40, stronger than consensus of $1.32.
Harley-Davidson (HOG -1.34%) reported Q4 EPS of 34 cents, higher than consensus of 33 cents.
Time Warner Cable (TWC -1.20%) reported Q4 EPS of $1.82, higher than consensus of $1.73.
Whirlpool (WHR -1.58%) reported Q4 EPS of $2.97, weaker than consensus of $3.03.
AutoNation (AN -0.80%) reported Q4 EPS of 83 cents, better than consensus of 76 cents.
Viacom (VIAB -1.57%) reported Q1 EPS of $1.20, higher than consensus of $1.16.
Raytheon (RTN -0.65%) was awarded a $107.92 million modification to a government contract for work on the Patriot missile system.
Gates Capital reported a 5% passive stake in International Game Technology (IGT -1.35%) .
Google (GOOG -1.43%) rose 2% in after-hours trading after it announced that Lenovo Group (LNVGY +3.57%) bought its Motorola handset unit for $2.91 billion.
Las Vegas Sands (LVS -1.77%) reported Q4 EPS of 87 cents, stronger than consensus of 85 cents.
Flextronics (FLEX +0.52%) reported Q3 adjusted EPS of 26 cents, higher than consensus of 23 cents.
Lam Research (LRCX +0.06%) reported Q2 adjusted EPS of $1.10, stronger than consensus of $1.03.
Tractor Supply (TSCO -2.38%) reported Q4 EPS of 68 cents, better than consensus of 65 cents.
Facebook (FB -2.92%) jumped 13% in after-hours trading after it reported Q4 EPS of 31 cents, higher than consensus of 27 cents.
Hanesbrands (HBI +1.40%) reported Q4 adjusted EPS of 98 cents, better than consensus of 90 cents, and then raised guidance on fiscal 2014 adjusted EPS to $4.60-$4.80, much better than consensus of $4.48.
Spectrum Brands (SPB -1.61%) reported Q1 adjusted EPS of $1.09, well ahead of consensus of 99 cents.
Qualcomm (QCOM -1.21%) reported Q1 adjusted EPS of $1.26, stronger than consensus of $1.18, but then lowered guidance on Q2 adjusted EPS to $1.15-$1.25, below consensus of $1.26.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.23%) this morning are up +6.00 points (+0.34%). The S&P 500 on Wednesday fell to a 1-1/4 month low and closed lower. Bearish factors included (1) concern that weakness in emerging-market economies may crimp global economic growth after a hike in interest rates by the central banks of Turkey and South Africa failed to instill confidence in emerging-market currencies, and (2) the Fed’s $10 billion per month QE3 tapering action. Closes: S&P 500 -1.02%, Dow Jones -1.19%, Nasdaq 100 -0.12%.
Mar 10-year T-notes (ZNH14 -0.20%) this morning are down -7.5 ticks. Mar 10-year T-note futures prices on Wednesday jumped to a 2-month high on increased safe-haven demand after stocks slumped on concern that the weakness in emerging-market currencies will slow global economic growth. T-notes held gains even after the Fed cut QE3 by $10 billion. Closes: TYH4 +17.5, FVH4 +9.75.
The dollar index (DXY00 +0.48%) this morning is up +0.350 (+0.43%). EUR/USD (^EURUSD) is down -0.0063 (-0.46%). USD/JPY (^USDJPY) is up +0.20 (+0.20%). The dollar index on Wednesday settled little changed even after the Fed tapered QE3 by $10 billion. EUR/USD was undercut by comments from ECB Governing Council member Noyer who said further euro appreciation “would be negative.” USD/JPY fell back as a slide in stocks boosted the safe-haven demand for the yen. Closes: Dollar index -0.063 (-0.08%), EUR/USD -0.00076 (-0.06%), USD/JPY -0.66 (-0.64%).
Mar WTI crude oil (CLH14 +0.47%) this morning is up +36 cents (+0.37%) at a 4-week high and Mar gasoline (RBH14 +0.11%) is up +0.0009 (+0.03%). Mar crude oil and gasoline prices on Wednesday settled mixed. Crude closed lower after weekly EIA inventory data showed crude supplies jumped +6.421 million bbl, more than double expectations for a +2.560 million bbl increase. Gasoline closed higher on concern the sub-zero cold to grip much of the U.S. will lead to reduced gasoline production after output at the 182,200 bpd PBF refinery in Delaware was slowed due to a frozen control switch. Closes: CLH4 -0.05 (-0.05%), RBH4 +0.0310 (+1.18%).

GLOBAL EVENT CALENDAR01/30/2014

US	0830 ET	Weekly initial unemployment claims expected +4,000 to 330,000, previous +1,000 to 326,000. Weekly continuing claims expected -56,000 to 3.000 million, previous +34,000 to 3.056 million.
	0830 ET	Q4 GDP expected +3.2% (q/q annualized), Q3 +4.1%. Q4 personal consumption expected +3.7%, Q3 +2.0%. Q4 GDP price index expected +1.2%, Q3 +2.0%. Q4 core PCE expected +1.1% q/q, Q3 +1.4% q/q.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Dec pending home sales expected -0.3% m/m and -0.3% y/y, Nov +0.2% m/m and -4.0% y/y.
	1130 ET	Treasury auctions $35 billion 5-year T-notes.
	1300 ET	Treasury auctions $29 billion 7-year T-notes.
GER	0355 ET	German Jan unemployment change expected -5,000, Dec -15,000. Jan unemployment rate expected unch at 6.9%, Dec 6.9%.
	0800 ET	German Jan CPI (EU harmonized) expected -0.6% m/m and +1.3% y/y, Dec +0.5% m/m and +1.2% y/y.
UK	0430 ET	UK Dec net consumer credit expected +0.7 billion pounds, Nov +0.6 billion pounds.
	0430 ET	UK Dec mortgage approvals expected 72,900, Nov 70,800.
	0430 ET	UK Dec M4 money supply, Nov unch m/m and +2.7% y/y.
	1905 ET	UK Jan GfK consumer confidence expected +1 to -12, Dec -13.
EUR	0500 ET	Eurozone Jan business climate indicator expected +0.08 to 0.35, Dec +0.27. Jan economic confidence expected +1.0 to 101.0, Dec 100.0.
	0500 ET	Revised Eurozone Jan consumer confidence.
JPN	1815 ET	Japan Jan Markit/JMMA manufacturing PMI, Dec 55.2.
	1830 ET	Japan Dec overall household spending expected +1.1% y/y, Nov +0.2% y/y.
	1830 ET	Japan Dec jobless rate expected -0.1 to 3.9%, Nov 4.0%. Dec job-to-applicant ratio expected 1.01, Nov 1.00.
	1830 ET	Japan Dec national CPI expected +1.5% y/y, Nov +1.5% y/y. Dec national CPI ex-fresh food expected +1.2% y/y, Nov +1.2% y/y. Dec national CPI ex food & energy expected +0.7% y/y, Nov +0.6% y/y.
	1830 ET	Japan Jan Tokyo CPI expected +0.8% y/y, Dec +0.9% y/y. Japan Tokyo CPI ex-fresh food expected +0.7% y/y, Dec +0.7% y/y. Jan Tokyo CPI ex food & energy expected +0.4% y/y, Dec +0.3% y/y.
	1850 ET	Japan Dec industrial production expected +1.3% m/m and +7.3% y/y, Nov +0.1% m/m and +5.0% y/y.
	2300 ET	Japan Dec vehicle production, Nov +10.2% y/y.

U.S. STOCK CALENDAR01/30/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Xcel Energy Inc	XEL US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.287
Airgas Inc	ARG US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	1.178
Northrop Grumman Corp	NOC US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.941
Occidental Petroleum Corp	OXY US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.669
ConocoPhillips	COP US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.321
PulteGroup Inc	PHM US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.452
Ball Corp	BLL US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.725
L-3 Communications Holdings Inc	LLL US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.974
Pitney Bowes Inc	PBI US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.454
Bemis Co Inc	BMS US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.537
Visa Inc	V US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	2.164
Viacom Inc	VIAB US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	1.156
Sherwin-Williams Co/The	SHW US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.286
Prologis Inc	PLD US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.423
TECO Energy Inc	TE US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.203
Quest Diagnostics Inc	DGX US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.931
AutoNation Inc	AN US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.762
ADT Corp/The	ADT US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.49
Harley-Davidson Inc	HOG US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.331
Peabody Energy Corp	BTU US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	-0.1
Helmerich & Payne Inc	HP US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	1.463
Hershey Co/The	HSY US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.859
Celgene Corp	CELG US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.51
Thermo Fisher Scientific Inc	TMO US	6:00	Q4 2013 Earnings Release	Q4 2013	1.375
Time Warner Cable Inc	TWC US	6:00	Q4 2013 Earnings Release	Q4 2013	1.73
Whirlpool Corp	WHR US	6:00	Q4 2013 Earnings Release	Q4 2013	3.029
Alexion Pharmaceuticals Inc	ALXN US	6:30	Q4 2013 Earnings Release	Q4 2013	0.841
Eli Lilly & Co	LLY US	6:30	Q4 2013 Earnings Release	Q4 2013	0.733
Altria Group Inc	MO US	7:00	Q4 2013 Earnings Release	Q4 2013	0.582
Raytheon Co	RTN US	7:00	Q4 2013 Earnings Release	Q4 2013	1.345
Colgate-Palmolive Co	CL US	7:00	Q4 2013 Earnings Release	Q4 2013	0.739
Dover Corp	DOV US	7:00	Q4 2013 Earnings Release	Q4 2013	1.274
Cardinal Health Inc	CAH US	7:00	Q2 2014 Earnings Release	Q2 2014	0.841
3M Co	MMM US	7:30	Q4 2013 Earnings Release	Q4 2013	1.615
Zimmer Holdings Inc	ZMH US	7:30	Q4 2013 Earnings Release	Q4 2013	1.62
Cameron International Corp	CAM US	7:30	Q4 2013 Earnings Release	Q4 2013	0.958
Invesco Ltd	IVZ US	7:30	Q4 2013 Earnings Release	Q4 2013	0.566
United Parcel Service Inc	UPS US	7:45	Q4 2013 Earnings Release	Q4 2013	1.25
Zimmer Holdings Inc	ZMH US	8:00	Q4 2013 Earnings Call	Q4 2013
Pitney Bowes Inc	PBI US	8:00	Q4 2013 Earnings Call	Q4 2013
Thermo Fisher Scientific Inc	TMO US	8:00	Q4 2013 Earnings Call	Q4 2013
Time Warner Cable Inc	TWC US	8:00	Q4 2013 Earnings Call	Q4 2013
Exxon Mobil Corp	XOM US	8:00	Q4 2013 Earnings Release	Q4 2013	1.908
Harman International Industries Inc	HAR US	8:00	Q2 2014 Earnings Release	Q2 2014	0.942
PulteGroup Inc	PHM US	8:30	Q4 2013 Earnings Call	Q4 2013
Visa Inc	V US	8:30	Q1 2014 Earnings Call	Q1 2014
Viacom Inc	VIAB US	8:30	Q1 2014 Earnings Call	Q1 2014
CMS Energy Corp	CMS US	8:30	Q4 2013 Earnings Release	Q4 2013	0.369
Quest Diagnostics Inc	DGX US	8:30	Q4 2013 Earnings Call	Q4 2013
ADT Corp/The	ADT US	8:30	Q1 2014 Earnings Call	Q1 2014
Franklin Resources Inc	BEN US	8:30	Q1 2014 Earnings Release	Q1 2014	0.931
Franklin Resources Inc	BEN US	8:30	Q1 2014 Earnings Call - Pre-Recorded	C1 2014
Cardinal Health Inc	CAH US	8:30	Q2 2014 Earnings Call	Q2 2014
Hershey Co/The	HSY US	8:30	Q4 2013 Earnings Call	Q4 2013
United Parcel Service Inc	UPS US	8:30	Q4 2013 Earnings Call	Q4 2013
3M Co	MMM US	9:00	Q4 2013 Earnings Call	Q4 2013
Altria Group Inc	MO US	9:00	Q4 2013 Earnings Call	Q4 2013
Raytheon Co	RTN US	9:00	Q4 2013 Earnings Call	Q4 2013
CMS Energy Corp	CMS US	9:00	Q4 2013 Earnings Call	Q4 2013
Invesco Ltd	IVZ US	9:00	Q4 2013 Earnings Call	Q4 2013
Harley-Davidson Inc	HOG US	9:00	Q4 2013 Earnings Call	Q4 2013
Celgene Corp	CELG US	9:00	Q4 2013 Earnings Call	Q4 2013
Eli Lilly & Co	LLY US	9:00	Q4 2013 Earnings Call	Q4 2013
Cameron International Corp	CAM US	9:30	Q4 2013 Earnings Call	Q4 2013
Broadcom Corp	BRCM US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.575
Newmont Mining Corp	NEM US	Aft-mkt	Q4 2013 Sales and Revenue Release - Production Results	Q4 2013
Microchip Technology Inc	MCHP US	Aft-mkt	Q3 2014 Earnings Release	Q3 2014	0.608
Google Inc	GOOG US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	12.257
Chubb Corp/The	CB US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	2.035
Consolidated Edison Inc	ED US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.654
Amazon.com Inc	AMZN US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.691
PerkinElmer Inc	PKI US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.701
Wynn Resorts Ltd	WYNN US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	1.745

Wednesday, January 29, 2014

Ilumina - Barchart's Chart of the Day

Illumina (ILMN) is the Barchart Chart of the Day. The laboratory analytical instrument stock has a Trend Spotter buy signal, a Weighted Alpha of 210.80+ and gained 205.56% in the last year.

The Chart of the Day is Illumina (ILMN). I found the stock by sorting the All Time High list for frequency in the last month then used the Flipchart feature to find the best chart. Since the Trend Spotter signaled a buy on 10/22 the stock soared 62.88%.

ILMN is a developer of next-generation tools for the large-scale analysis of genetic variation and function. The company's tools will provide information that could be used to improve drugs and therapies, customize diagnoses and treatment, and cure disease. The company is developing a comprehensive line of products that can address the scale of experimentation and the breadth of functional analysis required to achieve the goals of molecular medicine.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 32.88% in the last month
Relative Strength Index 80.16%
Barchart computes a technical support level at 132.40
Recently traded at 146.67 with a 50 day moving average of 110.67

Fundamental factors:

Market Cap $ 18.35 billion
P/E 79.69
Revenue predicted to grow 15.60% this year and another 17.00% next year
Earnings estimated to increase 14.40% this year, an additional 22.30% next year and continue to increase at an annual rate of 17.50% for the next 5 years
Wall Street analysts issued 4 strong buy, 7 buy and 14 hold recommendations on the stock
Financial strength is B+

This stock just keeps on truckin'. Use the 50 day moving average as a sign of weakness and the 100 day moving average as your exit point.

Tuesday, January 28, 2014

EPAM Systems - Barchart's Chart of the Day

EPAM Systems (EPAM) is the Barchart Chart of the Day. The global IT services provider has a Trend Spotter buy signal, a Weighted Alpha of 96.50+ and gained 99.86% in the last year.

The Barchart Chart of the Day is EPAM Systems (EPAM). I found the stock by sorting the All Time High List for frequency in the last month, eliminated the stocks that did not have positive gains in the last week and month and then reviewed the chart using the Flipchart function. Since the Trend Spotter signaled a buy on 1/7 the stock gained 16.68%.

EPAM is an IT services provider engaged in providing software product development services, software engineering and custom development solutions. Its software product development services include product research, design and prototyping, product development, component design and integration. Its custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration. The Company also provides application testing services consisting of software application testing, testing for enterprise IT, and consulting services. It serves banking, financial services, business information, media, travel and hospitality, retail, energy, telecommunications, automotive, manufacturing, life sciences industries and the government.

100% Barchart technical buy signals
Trend Spotter buy signals
Above its 20, 50 and 100 day moving averages
12 new highs and up 20.04% in the last month
Relative Strength Index 77.42%
Barchart computes a technical support level at 38.72
Recently traded at 41.84 with a 50 day moving average of 35.86

Fundamental factors:

Market Cap $1.93 billion
P/E 31.64
Revenue predicted to grow 25.30% this year and another 21.40% next year
Earnings estimated to increase 14.80% this year, an additional 18.40% next year and continue to increase at an annual rate of 16.60% for the next 5 years
Wall Street analysts issued 2 strong buy, 4 buy and 3 hold recommendations on the stock.

The stock looks solid. Watch the 50 day moving averages for signs of weakness and use the 100 day moving average as your stop loss.