Barchart technical indicators:
- 80% Barchart short term sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 22.30% off its recent high
- Relative Strength Index 36.04%
Saturday, February 15, 2014
Consumer Portfolio Services - sell signals
Today I deleted Consumer Portfolio Services (CPSS) from the Barchart Van Meerten Speculative portfolio for negative price momentum:
Friday, February 14, 2014
Jones Lang LaSalle - Narchart's Chart of the Day
Jones Lang LaSalle (JLL) is the Barchrt Chart of the Day. The real estate property management firm has a Trend Spotter buy signal, a Weighted Alpha of 37.82+ and gained 40.59% in the last 6 months.
The Chart of the Day is Jones Lang LaSalle (JLL). I found the stock by sorting the New High List for frequency in the last month, then skipped the stocks that did not have positive results in the last week and month and were not trading about their 20, 50 and 100 day moving averages. Last I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/30 the stock gained 24.56%.
JJL is a full-service real estate firm that provides management services, corporate and financial services and investment management services to corporations and other real estate owners, users and investors worldwide. By offering a broad range of real estate products and services, and through its extensive knowledge of domestic and international real estate markets, the company is able to serve as a single source provider of solutions for its clients' full range of real estate needs.
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:
The Chart of the Day is Jones Lang LaSalle (JLL). I found the stock by sorting the New High List for frequency in the last month, then skipped the stocks that did not have positive results in the last week and month and were not trading about their 20, 50 and 100 day moving averages. Last I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/30 the stock gained 24.56%.
JJL is a full-service real estate firm that provides management services, corporate and financial services and investment management services to corporations and other real estate owners, users and investors worldwide. By offering a broad range of real estate products and services, and through its extensive knowledge of domestic and international real estate markets, the company is able to serve as a single source provider of solutions for its clients' full range of real estate needs.
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
- 14 new highs and up 15.70% in the last month
- Relative Strength Index 81.39%
- Barchart computed a technical support level at 115.96
- Recently traded at 121.18 with a 50 day moving average of 105.92
Fundamental factors:
- Market Cap $5.39 billion
- P/E 18.75
- Dividend yield .37%
- Revenue predicted to grow by 11.20% this year and another 7.11% next year
- Earnings estimated to increase by 14.60% this year, an additional 12.80% next year and continue to increase at an annual rate of 13.53% for the next 5 years
- Wall Street analysts issued 2 strong buy, 2 buy and 2 hold recommendations on the stock
- Financial strength is B++
The firm look to grow as it's overseas revenue increases, As always look at the 50 day moving average to gauge signs of weakness and the 100 day moving average for an exit point.
Disclosure: I do own shares of this stock
Today's Best Small Caps
Today I used Barchart to sort the S&P 600 Small Cap Index by frequency in the last month. I skipped over the stocks that did not have positive results in the last week and month then used the Flipchart feature to review the charts to select only those also trading above their 20, 50 and 100 day moving averages.
Today's list includes Eastgroup Properties (EGP), Virtusa Corp (VRTU), Analogic (ALOG), Clearwater Paper (CLW) and Questcor Pharmaceutical (QCOR):
Eastgroup Properties (EGP)
Today's list includes Eastgroup Properties (EGP), Virtusa Corp (VRTU), Analogic (ALOG), Clearwater Paper (CLW) and Questcor Pharmaceutical (QCOR):
Eastgroup Properties (EGP)
Barchart technical indicators:
- 33% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 7.02% in the last month
- Relative Strength Index 61.54%
- Barchart computes a technical support level at 61.30 with a 50 day moving average of 58.49
Virtusa Corp (VRTU)
Barchart technical indicators:
- 72% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 6.38% in the last month
- Relative Strength Index 59.86%
- Barchart computes a technical support level at 34.12
- Recently traded at 36.72 with a 50 day moving average of 35.67
Analogic (ALOG)
Barchart technical indicators:
- 88% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 7.89% in the last month
- Relative Strength Index 57.6%
- Barchart computes a technical support level at 94.24
- Recently traded at 95.65 with a 50 day moving average of 90.99
Clearwater Paper (CLW)
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 28.47% in the last month
- Relative Strength Index 85.50%
- Barchart computes a technical support level at 64.88
- Recently traded at 66.38 with a 50 day moving average of 54.17
Questcor Pharmaceutical (QCOR)
Barchart technical indicators:
- 80% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 25.45% in the last month
- Relative Strength Index 66.60%
- Barchart computes a technical support level at 67.08
- Recently traded at 68.87 with a 50 day moving average of 58.36
BARCHART MORNING CALL 2/14
Friday, February 14th, 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 +0.08%) this morning are up +0.11% and European stocks are up +0.70% after Eurozone Q4 GDP was revised higher. Asian stocks closed mixed: Japan -1.53%, Hong Kong +0.60%, China +0.70%, Taiwan +0.54%, Australia +0.91%, Singapore -0.04%, South Korea +0.71%, India +0.86%. Commodity prices are mixed. Mar crude oil (CLH14 -0.26%) is down -0.40%. Mar gasoline (RBH14 -0.33%) is down -0.29%. Apr gold (GCJ14 +1.30%) is up +1.26% at a 3-month high as weakness in the dollar prompts increased demand for precious metals as an alternative asset. March copper (HGH14 +0.06%) is up +0.09%. Agriculture and livestock prices are higher. The dollar index (DXY00 -0.29%) is down -0.22% at a 1-1/4 month low. EUR/USD (^EURUSD) is up +0.22% at a 2-1/2 week high as the upward revision to Eurozone Q4 GDP eases pressure on the ECB to provide additional euro-negative stimulus. USD/JPY (^USDJPY) is down -0.35%. March T-note prices (ZNH14 +0.06%) are little changed, up +0.5 of a tick.Eurozone Q4 GDP was revised upward to +0.3% q/q and +0.5% y/y from the originally reported +0.2% q/q and +0.4% y/y.
German Q4 GDP was revised upward to +0.4% q/q and +1.4% y/y from the originally reported +0.3% q/q and +1.3% y/y.
UK Dec construction output was up +2.0% m/m and +6.3% y/y, close to expectations of +2.0% m/m and +6.4% y/y.
The China Banking Regulatory Commission reported that China Q4 2013 non-performing loans rose by +28.5 billion yuan ($4.7 billion) to 592.1 billion yuan, the highest since Sep 2008, which may increase the risk of defaults that trigger a financial crisis.
China Jan PPI fell -1.6% y/y, right on expectations and matched its biggest decline in 6-months. Jan CPI rose +2.5% y/y, unch from Dec and slightly more than expectations of +2.4% y/y.
U.S. STOCK PREVIEW
Today’s early-Feb U.S. consumer confidence index from the University of Michigan is expected to show a -1.0 point drop to 80.2, adding to the -1.3 point decline to 81.2 seen in January. Today’s Jan industrial production report is expected to show a modest increase of +0.2%, adding to the +0.3% increase seen in December. Today’s Jan import price index is expected to show a decline of -0.1% m/m and -1.8% y/y following the December report of unchanged m/m and -1.3% y/y. There are 7 of the S&P 500 companies that report earnings today: Campbell Soup (consensus $0.73), DTE Energy (0.96), Ventas (1.06), Interpublic (0.59), Scripps Networks (0.97), JM Smucker (1.68), VF Corp (0.84).
OVERNIGHT U.S. STOCK MOVERS
Campbell Soup (CPB +0.27%) reported Q2 EPS of 76 cents, higher than consensus of 73 cents.Scripps Networks Interactive (SNI -0.50%) reported Q4 EPS of 90 cents, below consensus of 97 cents.
Mattel (MAT +0.73%) was downgraded to 'Hold' from 'Buy' at Argus.
JM Smucker (SJM +1.53%) reported Q3 EPS of $1.66, below consensus of $1.68.
Bloomberg reported that a Tesla Model S (TSLA +2.21%) caught fire while sitting in a Toronto garage earlier this month that was about four months old and not plugged in to an electric socket.
Cliffs Natural (CLF -0.41%) reported Q4 adjusted EPS of $1.22, well ahead of consensus of 79 cents.
SunPower (SPWR +4.97%) announced a three-year agreement to offer high efficiency SunPower solar power systems at Meritage Homes communities nationwide.
GNC Holdings (GNC +0.42%) slid 14% in after-hours trading after it reported Q4 adjusted EPS of 63 cents, below consensus of 64 cents.
Cray (CRAY -0.07%) reported Q4 EPS of $1.48, better than consensus of $1.36.
United Stationers (USTR +1.55%) reported Q4 adjusted EPS of 86 cents, higher than consensus of 81 cents.
Agilent (A +0.32%) reported Q1 EPS of 67 cents, better than consensus of 66 cents.
Brocade (BRCD +1.40%) reported Q1 EPS of 24 cents, stronger than consensus of 20 cents.
Regal Entertainment (RGC -0.10%) reported Q4 adjusted EPS of 17 cents, below consensus of 25 cents.
AIG (AIG +1.12%) gained 3% in after-hours trading after it reported Q4 EPS of $1.15, well above consensus of 96 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.08%) this morning are up +2.00 points (+0.11%). The S&P 500 on Thursday opened lower on economic concerns after U.S. Jan retail sales fell -0.4% and were unchanged ex-autos, weaker than expectations of unch and +0.1% ex-autos, and after U.S. weekly initial unemployment claims unexpectedly rose +8,000 to 339,000, higher than expectations of -1,000 to 330,000. However, stocks recovered their losses and closed higher on speculation the weaker-than-expected economic data was weather related along with increased M&A activity after Comcast agreed to buy Time Warner Cable for $45.2 billion. Closes: S&P 500 +0.58%, Dow Jones +0.40%, Nasdaq 100 +0.89%.Mar 10-year T-notes (ZNH14 +0.06%) this morning are up +0.5 of a tick. Mar 10-year T-note futures prices on Thursday closed higher on concern that U.S. economic growth is slowing after Jan retail sales unexpectedly declined and after weekly jobless claims rose more than expected. Another supportive factor for T-notes was bond-dealer short covering after the Treasury concluded its Feb refunding with Thursday’s $16 billion 30-year T-bond auction. Closes: TYH4 +16.00, FVH4 +10.25.
The dollar index (DXY00 -0.29%) this morning is down -0.173 (-0.22%) at a 1-1/4 month low. EUR/USD (^EURUSD) is up +0.0030 (+0.22%) at a 2-1/2 week high. USD/JPY (^USDJPY) is down -0.36 (-0.35%). The dollar index on Thursday dropped to a 3-week low and closed lower after an unexpected decline in U.S. Jan retail sales and an unexpected increase in weekly initial unemployment claims fueled concerns about economic growth and boosted speculation that the Fed may slow the pace of QE tapering. Closes: Dollar index -0.356 (-0.44%), EUR/USD +0.00869 (+0.64%), USD/JPY -0.362 (-0.35%).
Mar WTI crude oil (CLH14 -0.26%) this morning is down -40 cents (-0.40%) and Mar gasoline (RBH14 -0.33%) is down -0.0081 (-0.29%). Mar crude and gasoline prices Thursday closed mixed. Crude prices fell back after an unexpected decline in U.S. Jan retail sales and an unexpected increase in weekly jobless claims bolstered concerns about the economy and energy demand. Energy prices recovered from their worst levels and gasoline closed higher after the dollar index fell to a 3-week low and after stock prices rallied. Closes: CLH4 -0.02 (-0.02%), RBH4 +0.0141 (+0.51%).
GLOBAL EVENT CALENDAR02/14/2014
| US | 0830 ET | Jan import price index expected -0.1% m/m and -1.8% y/y, Dec unch m/m and -1.3% y/y. |
| 0915 ET | Jan industrial production expected +0.2%, Dec +0.3%. Jan capacity utilization expected +0.1 to 79.3%, Dec 79.2%. | |
| 0955 ET | Preliminary-Feb U.S. consumer confidence (Univ of Michigan) expected -1.0 to 80.2, Jan -1.3 to 81.2. | |
| GER | 0200 ET | German Q4 GDP expected +0.3% q/q and +1.3% y/y, Q3 +0.3% q/q and +0.6% y/y (wda). |
| UK | 0430 ET | UK Dec construction output expected +2.0% m/m and +6.4% y/y, Nov -4.0% m/m and +2.2% y/y. |
| EUR | 0500 ET | Eurozone Q4 GDP expected +0.2% q/q and +0.4% y/y, Q3 +0.1% q/q and -0.4% y/y. |
U.S. STOCK CALENDAR02/14/2014
| Company Name | Ticker | Time | Event Description | Period | Estimate |
|---|---|---|---|---|---|
| Campbell Soup Co | CPB US | Bef-mkt | Q2 2014 Earnings Release | Q2 2014 | 0.726 |
| Charles Schwab Corp/The | SCHW US | Bef-mkt | January 2014 Sales and Revenue Release - Activity Report | 2014 | |
| DTE Energy Co | DTE US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.959 |
| Ventas Inc | VTR US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 1.056 |
| Interpublic Group of Cos Inc/The | IPG US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.585 |
| Scripps Networks Interactive Inc | SNI US | 7:00 | Q4 2013 Earnings Release | Q4 2013 | 0.969 |
| JM Smucker Co/The | SJM US | 7:00 | Q3 2014 Earnings Release | Q3 2014 | 1.675 |
| VF Corp | VFC US | 7:00 | Q4 2013 Earnings Release | Q4 2013 | 0.841 |
| American International Group Inc | AIG US | 8:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Hasbro Inc | HAS US | 8:00 | Investor Update - Toy Fair | Y 2013 | |
| JM Smucker Co/The | SJM US | 8:00 | Q3 2014 Earnings Call | Q3 2014 | |
| Equifax Inc | EFX US | 8:30 | Q4 2013 Earnings Call | Q4 2013 | |
| VF Corp | VFC US | 8:30 | Q4 2013 Earnings Call | Q4 2013 | |
| Interpublic Group of Cos Inc/The | IPG US | 8:30 | Q4 2013 Earnings Call | Q4 2013 | |
| DTE Energy Co | DTE US | 9:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Campbell Soup Co | CPB US | 9:30 | Q2 2014 Earnings Call | Q2 2014 | |
| Scripps Networks Interactive Inc | SNI US | 10:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Cliffs Natural Resources Inc | CLF US | 10:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Ventas Inc | VTR US | 10:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Mattel Inc | MAT US | 13:00 | Analyst Meeting - Toy Fair | Y 2014 | |
| Time Warner Inc | TWX US | U.S. Box Office Release of Movie Winter's Tale"" |
Thursday, February 13, 2014
Anworth Mortgage Asset Corp - Barchart's Chart of the Day
Anworth Mortgage Asset Corp (ANH) is the Barchart Chart of the Day. The mortgage based REIT has mixed signals. It has a Trend Spotter buy signal, a Weighted Alpha of 13.12- and lost 19.65% in the last year.
The Chart of the Day is Anworth Mortgage Asset Corp (ANH). I found the stock by sorting the New High List for frequency in the last month, skipped the stocks that did not have positive gains for the last week and month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/7 the stock gained 14.06%.
ANH was formed to invest in mortgage assets,including mortgage pass-through certificates, collateralized mortgage obligations, mortgage loans and other securities representing interests in, or obligations backed by, pools of mortgage loans which can be readily financed and short-term investments. The Company intends to acquire mortgage assets primarily in the secondary mortgage market through its manager, Anworth Mortgage Advisory Corporation.
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:
The Chart of the Day is Anworth Mortgage Asset Corp (ANH). I found the stock by sorting the New High List for frequency in the last month, skipped the stocks that did not have positive gains for the last week and month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/7 the stock gained 14.06%.
ANH was formed to invest in mortgage assets,including mortgage pass-through certificates, collateralized mortgage obligations, mortgage loans and other securities representing interests in, or obligations backed by, pools of mortgage loans which can be readily financed and short-term investments. The Company intends to acquire mortgage assets primarily in the secondary mortgage market through its manager, Anworth Mortgage Advisory Corporation.
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
- 16 new highs and up 13.29% in the last month
- Relative Strength Index 81.59%
- Barchart computes a technical support level at 4.91
- Recently traded at 5.63 with a 50 day moving average of 4.45
Fundamental factors:
- Market Cap $719.14 million
- P/E 8.58
- Dividend yield 6.54%
- Revenue predicted to decrease by 5.60% this year but increase again by 4.50% next year
- Earnings estimated to decrease by 26.50% this year but increase by 5.60% next year and continue to increase by an annual rate of 5.00% for the next 5 years
- Wall Street analysts issued 1 strong buy, 1 buy, 5 hold and an under perform recommendation on this stock
Income stocks are doing well at the moment but you should be prepared to exit quickly if the investors start chasing growth stocks again. Closely watch the 50 day moving average for signs of weakness.
Additions to the Barchart Van Meerten Speculative Portfolio
This week I added Minco Gold (MGH), New York Mortgage Trust (NYMT), American Realty Investors (ARL), Century Casinos (CNTY), Yongye International (YONG) and Anworth Mortgage Asset Corp (ANH) to the Barchart Van Meerten Speculative Portfolio for positive price momentum:
Minco Gold (MGH)
Minco Gold (MGH)
Barchart technical indicators:
- 40% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 83.33% in the last month
- Relative Strength Index 55.69%
- Barchart computes a technical support level at .43
- Recently traded at .44 with a 50 day moving average of .28
New York Mortgage Trust (NYMT)
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 7.48% in the last month
- Relative Strength Index 66.88%
- Barchart computes a technical support level at 7.29
- Recently traded at 7.34 with a 50 day moving average of 7.05
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 55.89% in the last month
- Relative Strength Index 68.61%
- Barchart computes a technical support level at 8.20
- Recently traded at 8.34 with a 50 day moving average of 5.82
Century Casinos (CNTY)
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 42.09% in the last month
- Relative Strength Index 79.77%
- Barchart computes a technical support level at 6.94
- Recently traded at 7.19 with a 50 day moving average of 5.63
Yongye International (YONG)
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 1.68% in the last month
- Relative Strength Index 70.55%
- Barchart computes a technical support level at 6.64
- Recently traded at 6.55 with a 50 day moving average of 6.50
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 11.71% in the last month
- Relative Strength Index 76.38%
- Barchart computes a technical support level at 4.79
- Recently traded at 4.96 with a 50 day moving average of 4.45
Minco Gold and NXP Semiconductors - added
This past week I added Minco Gold (MGH) and NXP Semiconductors (NXPI) to the Barchart Van Meerten New High portfolio for positive price momentum:
Minco Gold (MGH)
Minco Gold (MGH)
Barchart technical indicators:
- 64% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 104.17% in the last month
- Relative Strength Index 63.01%
- Barchart computes a technical support level at .43
- Recently traded at .49 with a 50 day moving average of .28
NXP Semiconductors (NXPI)
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 22.89% in the last month
- Relative Strength index 72.76%
- Barchart computes a technical support level at 51.54
- Recently traded at 52.77 with a 50 day moving average of 45.60
BARCHART MORNING CALL 3/13
Thursday, February 13th, 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 -0.44%) this morning are down -0.52% and European stocks are down -0.86%. Cisco fell nearly 4% and led U.S. stocks lower after it forecast quarterly sales below market estimates, while BNP Paribas lost 4% and led European stocks lower after it reported the lowest quarterly result in 6 years. Asian stocks closed mostly lower: Japan -1.79%, Hong Kong -0.54%, China -0.51%, Taiwan -0.51%, Australia -0.04%, Singapore +0.15%, South Korea -0.53%, India -1.25%. Fed Chair Yellen's testimony today before the Senate Banking Committee was postponed and federal government offices will be closed due to a snowstorm in Washington D.C. Commodity prices are mixed. Mar crude oil (CLH14 -0.57%) is down -0.61%. Mar gasoline (RBH14 -0.68%) is down -0.76%. Apr gold (GCJ14 -0.26%) is down -0.15%. March copper (HGH14 -0.41%) is down -0.46%. Agriculture and livestock prices are higher. The dollar index (DXY00 -0.41%) is down -0.42% at a 2-1/2 week low on expectations for data to show U.S. Jan retail sales stalled. EUR/USD (^EURUSD) is up +0.51% at a 2-week high. USD/JPY (^USDJPY) is down -0.51%. March T-note prices (ZNH14 +0.19%) are up +8.5 ticks.In testimony before the European Parliament, ECB Executive Board member Coeure stated "we have said if we see any downside risk to medium-term price stability then we would have to act."
The German Jan CPI (EU harmonized) was left unchanged at -0.7% m/m and +1.2% y/y
The Australia Jan employment change unexpectedly fell -3,700, less than expectations of a +15,000 increase, and the Jan unemployment rate rose +0.2 to 6.0%, higher than expectations of +0.1 to 5.9% and the highest in 10-1/2 years.
China Jan passenger-vehicle sales rose +7% y/y to 1.8 million units, weaker than expectations of 1.88 million units and the slowest pace of growth in 11 months.
The UK Jan RICS house price balance unexpectedly fell to 53% from 56% in Dec, less than expectations of an increase to 58%.
The Japan Jan domestic CGPI rose +0.1% m/m and +2.4% y/y, right on expectations.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a slight decline of -1,000 to 330,000, adding to last week’s fairly large decline of -20,000 to 331,000. Meanwhile, continuing claims are expected to fall -4,000 to 2.960 million following last week’s +15,000 increase to 2.964 million. Today’s Jan retail sales report is expected to be weak at unchanged, decelerating from December’s report of +0.2%. Excluding some weakness in auto sales, today’s Jan retail sales report is expected to be a little stronger at +0.1%, down from December’s strong report of +0.7%. The Treasury today will sell $16 billion of 30-year T-bonds, concluding this week’s $70 billion coupon package.There are 17 of the S&P 500 companies that report earnings today. Notable reports include BorgWarner (consensus $0.71), Avon (0.30), Nielsen (0.71), Goodyear (0.63), Discovery Communications (0.90), Kraft Foods (0.61), Agilent (0.66), and Consolidated Edison (0.66). Equity conferences during the remainder of this week include: Goldman Sachs Technology & Internet Conference on Tue-Thu, Credit Suisse Global Energy Summit on Tue-Thu, Bank of America Merrill Lynch Insurance Conference on Wed-Thu, BB&T Capital Markets Transportation Services Conference on Wed-Thu, Leerink Swann Global Healthcare Conference on Wed-Thu, and Sterne Agee Financial Institutions Investor Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Molson Coors Brewing (TAP -0.36%) reported Q4 EPS of 68 cents, weaker than consensus of 72 cents.Starwood Hotels & Resorts Worldwide (HOT +0.43%) reported Q4 EPS of 73 cents, better than consensus of 70 cents.
PepsiCo (PEP +0.30%) reported Q4 EPS of $1.05, stronger than consensus of $1.00.
Time Warner Cable (TWC +0.30%) jumped 13% in pre-market trading after Comcast agreed to buy the company for about $45.2 billion in stock.
General Cable (BGC +0.73%) reported Q4 EPS of 27 cents, weaker than consensus of 29 cents.
Apache (APA -0.12%) sold its Argentina operations to YPF Sociedad (YPF +6.12%) for $852 million.
CenturyLink (CTL +1.55%) reported Q4 adjusted EPS of 68 cents, better than consensus of 59 cents.
NVIDIA (NVDA +3.57%) reported Q4 adjusted EPS of 32 cents, well ahead of consensus of 18 cents.
MetLife (MET +0.24%) reported Q4 operating EPS of $1.37, better than consensus of $1.30.
SunPower (SPWR +1.61%) reported Q4 adjusted EPS of 47 cents, well above consensus of 28 cents.
Insight Enterprises (NSIT +0.43%) reported Q4 EPS of 57 cents, stronger than consensus of 53 cents.
Whole Foods Markets (WFM -0.75%) fell over 7% in after-hours trading after it reported Q1 EPS of 42 cents, lower than consensus of 44 cents, and then lowered guidance on fiscal 2014 EPS view to $1.58-$1.65, below consensus of $1.68.
Cisco (CSCO +0.62%) fell nearly 4% in after-hours trading after it reported Q2 adjusted EPS of 47 cents, higher than consensus of 46 cents, but said revenue in the current quarter will be $11.2 billion to $11.5 billion, at the low end of consensus of $11.3 billion.
Applied Materials (AMAT +0.73%) reported Q1 adjusted EPS of 23 cents, better than consensus of 22 cents.
NetApp (NTAP -2.52%) reported Q3 EPS of 75 cents, higher than consensus of 71 cents.
CBS (CBS +1.56%) rose 2% in after-hours trading after it reported Q4 adjusted EPS of 78 cents, better than consensus of 76 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.44%) this morning are down -9.50 points (-0.52%). The S&P 500 on Wednesday posted a 2-week high after China Jan exports rose +10.6% y/y, well above expectations of +0.1% y/y, which eased concern about slowing Chinese economic growth. Stocks fell back and settled little changed, however, after St. Louis Fed President Bullard said “right now we’re on track” to continue tapering bond purchases. Closes: S&P 500 -0.03%, Dow Jones -0.19%, Nasdaq 100 +0.16%.Mar 10-year T-notes (ZNH14 +0.19%) this morning are up +8.5 ticks. Mar 10-year T-note futures prices on Wednesday posted a 2-week low on hawkish comments from St. Louis Fed President Bullard who said “right now we’re on track” to continue tapering bond purchases and “will be able to move out of the program later this year.” T-notes were also undercut by supply pressures as the Treasury auctioned $24 billion in 10-year T-notes on Wednesday and will auction $16 billion of T-bonds on Thursday as it concludes the Feb quarterly refunding. Closes: TYH4 -10.50, FVH4 -6.00.
The dollar index (DXY00 -0.41%) this morning is down -0.341 (-0.42%) at a 2-1/2 week low. EUR/USD (^EURUSD) is up +0.0070 (+0.51%) at a 2-week high. USD/JPY (^USDJPY) is down -0.52 (-0.51%). The dollar index on Wednesday closed higher. EUR/USD fell after Eurozone Dec industrial production slid -0.7% m/m, weaker than expectations of -0.3% m/m, and after ECB Council member Coeure said the ECB is considering a negative deposit rate “very seriously.” Closes: Dollar index +0.041 (+0.05%), EUR/USD -0.00446 (-0.33%), USD/JPY -0.103 (-0.10%).
Mar WTI crude oil (CLH14 -0.57%) this morning is down -61 cents (-0.61%) and Mar gasoline (RBH14 -0.68%) is down -0.0210 (-0.76%). Mar crude and gasoline prices Wednesday closed higher with Mar crude at a 3-3/4 month high and Mar gasoline at a 1-1/4 month high. Bullish factors included (1) increased Chinese oil demand after China Jan crude imports jumped +12% y/y to a record 28.15 MMT, (2) the -2.673 million bbl decline in crude supplies at Cushing, OK, the delivery point for WTI futures, to a 3-month low of 37.603 million bbl, and (3) the -1.853 million bbl decline in weekly EIA gasoline inventories, a bigger drop than expectations of -10,000 bbl. Closes: CLH4 +0.43 (+0.43%), RBH4 +0.0105 (+0.38%).
GLOBAL EVENT CALENDAR02/13/2014
| US | 0830 ET | Weekly initial unemployment claims expected -1,000 to 330,000, previous -20,000 to 331,000. Weekly continuing claims expected -4,000 to 2.960 million, previous +15,000 to 2.964 million. |
| 0830 ET | Jan retail sales expected unch and +0.1% ex autos, Dec +0.2% and +0.7% ex autos. | |
| 0830 ET | USDA weekly Export Sales. | |
| 1000 ET | Dec business inventories expected +0.4%, Nov +0.4%. | |
| 1030 ET | Fed Chair Janet Yellen testifies on the economy before the Senate Banking Committee. | |
| 1100 ET | Treasury announces amount of 30-year TIPS to be auctioned Feb 20 (previous $7 billion). | |
| 1300 ET | Treasury auctions $16 billion 30-year T-bonds. | |
| GER | 0200 ET | Revised German Jan CPI (EU harmonized), previous -0.7% m/m and +1.2% y/y. |
| EUR | 0400 ET | ECB publishes monthly report. |
| CHI | 2030 ET | China Jan CPI expected +2.4% y/y, Dec +2.5% y/y. Jan PPI expected -1.6% y/y, Dec -1.4% y/y. |
U.S. STOCK CALENDAR02/13/2014
| Company Name | Ticker | Time | Event Description | Period | Estimate |
|---|---|---|---|---|---|
| BorgWarner Inc | BWA US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.711 |
| Avon Products Inc | AVP US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.297 |
| Nielsen Holdings NV | NLSN US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.711 |
| Goodyear Tire & Rubber Co/The | GT US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.63 |
| Molson Coors Brewing Co | TAP US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.723 |
| International Flavors & Fragrances Inc | IFF US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.906 |
| Starwood Hotels & Resorts Worldwide Inc | HOT US | 6:00 | Q4 2013 Earnings Release | Q4 2013 | 0.7 |
| Discovery Communications Inc | DISCA US | 7:00 | Q4 2013 Earnings Release | Q4 2013 | 0.897 |
| PepsiCo Inc | PEP US | 7:00 | Q4 2013 Earnings Release | Q4 2013 | 1.004 |
| EQT Corp | EQT US | 7:00 | Q4 2013 Earnings Release | Q4 2013 | 0.684 |
| Apache Corp | APA US | 8:00 | Q4 2013 Earnings Release | Q4 2013 | 1.803 |
| PepsiCo Inc | PEP US | 8:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Nielsen Holdings NV | NLSN US | 8:00 | Q4 2013 Earnings Call | Q4 2013 | |
| WW Grainger Inc | GWW US | 8:00 | January 2014 Sales and Revenue Call | 2014 | |
| MetLife Inc | MET US | 8:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Discovery Communications Inc | DISCA US | 8:30 | Q4 2013 Earnings Call | Q4 2013 | |
| Avon Products Inc | AVP US | 9:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Emerson Electric Co | EMR US | 9:00 | Investor Conference | Y 2014 | |
| Goodyear Tire & Rubber Co/The | GT US | 9:00 | Q4 2013 Earnings Call | Q4 2013 | |
| BorgWarner Inc | BWA US | 9:30 | Q4 2013 Earnings Call | Q4 2013 | |
| Equifax Inc | EFX US | Aft-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.912 |
| American International Group Inc | AIG US | Aft-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.965 |
| Cliffs Natural Resources Inc | CLF US | Aft-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.784 |
| Xcel Energy Inc | XEL US | Roadshow - Day 2 | Y 2014 | ||
| Consolidated Edison Inc | ED US | Q4 2013 Earnings Release | Q4 2013 | 0.658 | |
| WW Grainger Inc | GWW US | January 2014 Sales and Revenue Release | 2014 |
Wednesday, February 12, 2014
Equity Lifestyle Properties - Barchart's Chart of the Day
Equity Lifestyle Properties (ELS) is the Barchart Chart of the Day. The REIT has a Trend Spotter buy signal, a Weighted Alpha of 10.40+ and gained 7.67% in the last year. Together with the dividend yield of 2.52% that's a total return of 10.19%.
The Chart of the Day is Equity Lifestyle Properties (ELS). I found the stock by sorting today's New High List for frequency in the last month, skipped over the stocks that didn't have positive gains for the past week and month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/3 the stock gained 8.37%.
Equity Lifestyle Properties, Inc. (ELS) is a self-administered, self-managed, real estate investment trust.
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:
The Chart of the Day is Equity Lifestyle Properties (ELS). I found the stock by sorting today's New High List for frequency in the last month, skipped over the stocks that didn't have positive gains for the past week and month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/3 the stock gained 8.37%.
Equity Lifestyle Properties, Inc. (ELS) is a self-administered, self-managed, real estate investment trust.
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
- 16 new highs and up 8.32% in the last month
- Relative Strength Index 72.25%
- Barchart computes a technical support level at 39.07%
- Recently traded at 40.00 with a 50 day moving average of 37.05
Fundamental factors:
- Market Cap $3.33 billion
- P/E 15.55
- Dividend yield 2.52%
- Revenue expected to decrease 3.90% this year but increase again by 2.60% next year
- Earnings are estimated to increase by 28.70% this year, an additional 4.80% next year and continue to increase for the next 5 years at an annual rate of 4.50%
- Wall Street analysts issued 4 strong buy, 1 buy and 3 hold recommendations on the stock
Right now there is still a flight from growth stocks to income stocks. I caution you that the herd is usually late to the party so if you have it hold it and look for an exit point when the momentum stops.
5 Large Caps with Momentum
Today I used Barchart to sort the S&P 500 Large Cap Index to find the stocks that had price advances in at least 50% of the trading sessions in the last month. I then eliminated the stocks that did not have positive returns in the last week and month and used the Flipchart feature to review the charts.
Today's list includes Apartment Investment and Management (AI), Equity Residential (EQR), Baker Hughes (BHI), Boston Properties (BXP) and Edison International (EIX):
Apartment Investment and Management (AIV)
Today's list includes Apartment Investment and Management (AI), Equity Residential (EQR), Baker Hughes (BHI), Boston Properties (BXP) and Edison International (EIX):
Apartment Investment and Management (AIV)
Barchart technical indicators:
- 80% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 13.03% in the last month
- Relative Strength Index 76.57%
- Barchart computes a technical support signal at 29.55
- Recently traded at 29.81 with a 50 day moving average of 26.68
Equity Residential (EQR)
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 8.21% in the last month
- Relative Strength Index 78.71%
- Barchart computes a technical support level at 56.99
- Recently traded at 57.97 with a 50 day moving average of 53.56
Baker Hughes (BHI)
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 13.87% in the last month
- Relative Strength Index 72.57%
- Barchart computes a technical support level at 58.35
- Recently traded at 60.42 with a 50 day moving average of 54.97
Boston Properties (BXP)
Barchart technical indicators:
- 80% Barchart technical buys signals
- Trend spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 5.18% in the last month
- Relative Strength Index 64.22%
- Barchart computes a technical support level at 48.25
- Recently traded at 49.64 with a 50 day moving average of 46.64
Edison International (EIX)
Barchart technical indicators:
- 88% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 9.72% in the last month
- Relative Strength Index 74.47%
- Barchart computes a technical support level at 48.25
- Recently traded at 49.64 with a 50 day moving average of 46.64
BARCHART MORNING CALL 2/12
Wednesday, February 12th, 2014View Older Reports
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OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.04%) this morning are down -0.01% and European stocks are ahead by +0.41% as emerging-markets rallied on signs of strength in China's economy after China Jan exports and imports accelerated. Asian stocks closed higher: Japan +0.56%, Hong Kong +1.47%, China +0.25%, Taiwan +0.95%, Australia +1.06%, Singapore +0.21%, South Korea +0.17%, India +0.42%. Reduced European sovereign-debt concerns also gave a boost to European stocks after Italy's 10-year bond yield fell to an 8-year low of 3.66%. Commodity prices are mixed. Mar crude oil (CLH14 +0.62%) is up +0.46% at a 1-1/2 month high after China Jan crude imports jumped +12% y/y to a record 28.15 MMT. Mar gasoline (RBH14 +0.76%) is up +0.48%, also at a 1-1/2 month high. Apr gold (GCJ14 +0.02%) is down -0.21%. March copper (HGH14 +0.92%) is up +0.86% after China Jan refined copper imports surged +21% m/m and +53% y/y to an all-time high 536,000 MT. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.14%) is up +0.09%. EUR/USD (^EURUSD) is down -0.40% after ECB Council member Coeure said the ECB is considering a negative deposit rate "very seriously." USD/JPY (^USDJPY) is down -0.34%. March T-note prices (ZNH14 -0.12%) are down -7 ticks.The China Jan trade balance was a +$31.86 billion surplus, wider than expectations of a +$23.45 billion surplus. Jan exports jumped +10.6% y/y, well above expectations of +0.1% y/y, and Jan imports rose +10.0% y/y, more than double expectations of +4.0% y/y
Speaking yesterday evening, Dallas Fed President Fisher signaled he is for continued tapering of QE when he said there is little "efficacy derived from additional expansion of the Fed's balance sheet."
Eurozone Dec industrial production fell -0.7% m/m and rose +0.5% y/y, weaker than expectations of -0.3% m/m and +1.8% y/y.
Japan Dec machine orders plunged -15.7% m/m, a much bigger decline than expectations of -4.0% m/m and the largest fall since 1998. On an annual basis, Dec machine orders rose +6.7% y/y, a slower pace than expectations of +17.4% y/y.
The Japan Dec tertiary industry index fell -0.4% m/m, a bigger decline than expectations of -0.3%, but Nov was revised upward to +0.8% m/m from the originally reported +0.6% m/m.
U.S. STOCK PREVIEW
The Treasury today will sell $24 billion of 10-year T-notes. The Treasury will then conclude this week’s $70 billion coupon package by selling $16 billion of 30-year T-bonds on Thursday. There are 14 of the S&P 500 companies that report earnings today. Notable reports include Dr Pepper (consensus $0.84), Deere (1.53), CBS (0.76), NVIDIA (0.24), Applied Materials (0.22), Cisco (0.46), Equifax (0.91), Whole Foods (0.44), MetLife (1.29).Equity conferences during the remainder of this week include: Stifel Nicolaus Technology, Internet & Media Conference on Mon-Wed, Stifel Nicolaus Transportation and Logistics Conference on Tue-Wed, Goldman Sachs Technology & Internet Conference on Tue-Thu, Credit Suisse Global Energy Summit on Tue-Thu, Credit Suisse Financial Services Forum on Tue-Wed, E&P Information & Data Management on Wed, Cleantech Innovation Summit on Wed, Bank of America Merrill Lynch Insurance Conference on Wed-Thu, BB&T Capital Markets Transportation Services Conference on Wed-Thu, Leerink Swann Global Healthcare Conference on Wed-Thu, and Sterne Agee Financial Institutions Investor Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Lorillard (LO +1.01%) reported Q4 EPS of 82 cents, below consensus of 85 cents.Valspar (VAL -0.21%) reported Q1 adjusted EPS of 70 cents, better than consensus of 66 cents.
Deere (DE +0.11%) reported Q1 EPS of $1.81, well above consensus of $1.53.
Packaging (PKG +0.06%) reported Q4 ex-items EPS of $1.04, stronger than consensus of 89 cents.
Willis Group (WSH +1.26%) reported Q4 adjusted EPS of 42 cents, weaker than consensus of 49 cents.
Procter & Gamble (PG +1.04%) said it expects an 8 cent-10 cent a share charge due to the devaluation of Venezuela's currency.
Midcoast Energy (MEP +1.01%) reported Q4 EPS of 6 cents, well below consensus of 16 cents.
Senior Housing (SNH -1.09%) was downgraded to 'Sell' from 'Neutral' at UBS.
Service (SCI +0.34%) reported Q4 EPS ex-items of 27 cents, higher than consensus of 24 cents.
Fossil (FOSL +1.70%) jumped 6% in after-hours trading after it reported Q4 EPS of $2.68, stronger than consensus of $2.43.
DaVita (DVA +0.77%) reported Q4 adjusted EPS of $1.10, above consensus of 98 cents.
Andersons (ANDE +0.97%) reported Q4 EPS of $1.08, well below consensus of $1.61 as Q4 revenue was $1.6 billion, lower than consensus of $1.74 billion.
Team Health (TMH -1.73%) reported Q4 adjusted EPS of 46 cents, better than consensus of 44 cents.
Western Union (WU +1.53%) fell 3% in after-hours trading after it reported Q4 EPS of 31 cents, below consensus of 32 cents.
Intuit (INTU +1.78%) fell 2% in after-hours trading after it lowered guidance on Q2 EPS to 1 cent-2 cents, well below consensus of 26 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.04%) this morning are little changed, down -0.25 of a point (-0.01%). The S&P 500 on Tuesday climbed to a 2-week high and closed higher after comments from Fed Chair Yellen bolstered optimism in the U.S. economy when she said economic growth has strengthened and there is "broad improvement" in the labor market. Yellen added that while growth has picked up, "the recovery in the labor market is far from complete" and that the FOMC is likely to continue to taper QE in "measured steps." Her comments boosted speculation the U.S. economy is strong enough to handle further cuts in stimulus. Closes: S&P 500 +1.11%, Dow Jones +1.22%, Nasdaq 100 +1.11%.Mar 10-year T-notes (ZNH14 -0.12%) this morning are down -7 ticks. Mar 10-year T-note futures prices on Tuesday fell back after Fed Chair Yellen said that that the FOMC is likely to continue to taper QE in "measured steps," which was less dovish than market expectations. T-notes were also undercut on supply pressures with the Treasury auctioning $70 billion of T-notes and T-bonds in this week's Feb quarterly refunding. Closes: TYH4 -11.50, FVH4 -7.50.
The dollar index (DXY00 +0.14%) this morning is up +0.075 (+0.09%). EUR/USD (^EURUSD) is down -0.0055 (-0.40%). USD/JPY (^USDJPY) is down -0.35 (-0.34%). The dollar index Tuesday fell to a 1-1/2 week low and closed slightly lower. Negative factors included (1) reduced safe-haven demand for the dollar after the S&P 500 rallied up to a 2-week high, and (2) comments from Fed Chair Yellen who said the labor market recovery is "far from complete," which boosted speculation that the Fed will be slow to remove its overly easy monetary policies. Closes: Dollar index -0.004 (-0.01%), EUR/USD -0.0008 (-0.06%), USD/JPY +0.371 (+0.36%).
Mar WTI crude oil (CLH14 +0.62%) this morning is up +46 cents (+0.46%) and Mar gasoline (RBH14 +0.76%) is up +0.0131 (+0.48%), both at 1-1/2 month highs. Mar crude and gasoline prices Tuesday settled mixed. Bullish factors included (1) the slide in the dollar index to a 1-1/2 week low, (2) expectations for weekly EIA distillate supplies to fall 2.25 million bbl on Wed due to increased demand for heating fuels, and (3) strength in gasoline on supply concerns after researcher Energy Aspects Ltd. said that an average of 1.6 million bpd of U.S. refining capacity will be offline this month due to seasonal maintenance and unplanned shutdowns. Crude prices erased gains and closed lower after Fed Chair Yellen said the Fed will continue to taper QE3. Closes: CLH4 -0.12 (-0.12%), RBH4 +0.0278 (+1.02%).
GLOBAL EVENT CALENDAR02/12/2014
| US | 0700 ET | Weekly MBA mortgage applications, previous +0.4% with purchase sub-index -3.8% and refi sub-index +2.9%. |
| 0845 ET | St. Louis Fed President James Bullard speaks on a panel discussion about Economic and Monetary Policy Challenges Facing the U.S. and the Eurozone in 2014. | |
| 1030 ET | EIA Weekly Petroleum Status Report. | |
| 1300 ET | Treasury auctions $24 billion 10-year T-notes. | |
| 1400 ET | Jan monthly budget statement expected -$28.5 billion, Dec +$53.220 billion. | |
| JPN | 0100 ET | Japan Jan machine tool orders, Dec +28.1% y/y. |
| 1850 ET | Japan Jan domestic CGPI expected +0.1% m/m and +2.4% y/y, Dec +0.3% m/m and +2.5% y/y. | |
| EUR | 0500 ET | Eurozone Dec industrial production expected -0.3% m/m and +1.8% y/y, Nov +1.8% m/m and +3.0% y/y. |
| 1030 ET | ECB President Mario Draghi delivers keynote address at a conference in Brussels titled Progress Through Crisis. | |
| UK | 0530 ET | BOE releases quarterly inflation report. |
| 1901 ET | UK Jan RICS house price balance expected 58%, Dec 56%. |
U.S. STOCK CALENDAR02/12/2014
| Company Name | Ticker | Time | Event Description | Period | Estimate |
|---|---|---|---|---|---|
| Dr Pepper Snapple Group Inc | DPS US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.841 |
| Hospira Inc | HSP US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.498 |
| Lorillard Inc | LO US | Bef-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.851 |
| Deere & Co | DE US | Bef-mkt | Q1 2014 Earnings Release | Q1 2014 | 1.53 |
| Hospira Inc | HSP US | 9:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Lorillard Inc | LO US | 9:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Applied Materials Inc | AMAT US | Aft-mkt | Q1 2014 Earnings Release | Q1 2014 | 0.224 |
| NetApp Inc | NTAP US | Aft-mkt | Q3 2014 Earnings Release | Q3 2014 | 0.71 |
| Cisco Systems Inc | CSCO US | Aft-mkt | Q2 2014 Earnings Release | Q2 2014 | 0.458 |
| CenturyLink Inc | CTL US | Aft-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.589 |
| Equifax Inc | EFX US | Aft-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.911 |
| Whole Foods Market Inc | WFM US | Aft-mkt | Q1 2014 Earnings Release | Q1 2014 | 0.44 |
| MetLife Inc | MET US | Aft-mkt | Q4 2013 Earnings Release | Q4 2013 | 1.294 |
| Progressive Corp/The | PGR US | January 2014 Sales and Revenue Release | 2014 |
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