Wednesday, February 19, 2014

Novo Nordisk - Barchart's Chart of the Day

Novo Nordisk (NVO) is the Barchart Chart of the Day.  The Danish pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 38.10+ and gained 27.74% in the last year.

The Chart of the Day is Novo Nordisk (NVO).  I found the stock by sorting the All Time 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 stocks.  Since the Trend Spotter signaled a buy on 11/29 the stock gained 23.69%.

NVO is a leader in insulin and diabetes care and also manufactures and markets a variety of other pharmaceutical products. The company is the world's largest producer of industrial enzyme products.





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 15.98% in the last month
  • Relative Strength Index 81.15%
  • Barchart computes  a technical support level at 43.20
  • Recently traded at 44.14 with a 50 day moving average of 38.39
Fundamental factors:
  • Market Cap $118.08 billion
  • P/E 25.89
  • Dividend yield 1.03%
  • Revenue predicted to grow 9.50% this year and another 9.80% next year
  • Earnings estimated to increase by 12.60% this year, an additional 13.30% next year and continue to increase at an annual rate of 12.80% a year for the next 5 years
  • Wall Street analysts issued 2 hold recommendations on the stock
  • Financial Strength is A++
Solid gains in revenue and earnings in a financially stable stock makes it a good pick.  The focus should be on the high P/E ratio of 25.89.  Watch the 50 day moving average for weakness and use the 100 day moving average for an exit point.


Posted by Jim Van Meerten at No comments:
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BARCHART MORNING CALL 2/19

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 -0.34%) this morning are down -0.34% and European stocks are down -0.55% as emerging-market currencies dropped after anti-government protests escalated in Ukraine and Thailand. Asian stocks closed mixed: Japan -0.52%, Hong Kong +0.34%, China +1.15%, Taiwan +0.24%, Australia +0.29%, Singapore +0.59%, South Korea -0.29%, India +0.43%. China's Shanghai Stock Index erased early losses and rallied up to a 2-month high and closed higher after Chinese money-market rates dropped to a 9-month low. Commodity prices are mixed. Mar crude oil (CLH14 +0.68%) is up +0.45%. Mar gasoline (RBH14 -0.08%) is down -0.20%. Apr gold (GCJ14 -0.54%) is down -0.39%. March copper (HGH14 +0.03%) is down -0.12%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.03%) is up +0.01%. EUR/USD (^EURUSD) is down -0.09%. USD/JPY (^USDJPY) is down -0.38%. March T-note prices (ZNH14 +0.17%) are up +9 ticks at a 1-week high.
UK Jan jobless claims fell -27,600, a bigger decline than expectations of -20,000. The Jan claimant count rate fell -0.1 to 3.6%, right on expectations and the lowest in 5 years.
The UK Dec ILO unemployment rate unexpectedly rose +0.1 to 7.2% in the three months through Dec, higher than expectations of unch at 7.1%.
Eurozone Dec construction output rose +0.9% m/m and fell -0.2% y/y, while Nov was revised upward to -0.2% m/m and -1.6% y/y from the originally reported -0.6% m/m and -1.7% y/y.
Japan Jan nationwide department store sales rose +2.9% y/y, the most in 7-months.
The Japan Dec leading index CI was revised down ward to 111.7 from the originally reported 112.1, still the highest level in 6-1/2 years.
The Japan Dec all industry activity index unexpectedly fell -0.1% m/m, weaker than expectations of +0.1% m/m.
U.S. STOCK PREVIEW
Today’s Jan housing starts report is expected to show a -4.9% decline to 950,000, adding to the -9.8% decline to 999,000 seen in December. Meanwhile, Jan building permits are expected to fall by -1.6% to 975,000, adding to December’s decline of -2.6% to 991,000. Today’s Jan PPI report is expected to strengthen slightly to +1.2% y/y from +1.1% in December. The Jan core PPI is expected to jump to +1.4% y/y from +1.1% in December.
There are 8 of the S&P 500 companies that report earnings today: Devon Energy (consensus $1.08), Host Hotels (0.31), Garmin (0.62), Health Care REIT (0.97), Allegion (0.59), Marriott (0.49), Williams Companies (0.21), Safeway (0.48). Equity conferences during the remainder of this week include EnerCom Oil & Services Conference on Tue-Wed, Mitsubishi Tokyo Utility Conference on Tue-Wed, Consumer Analyst Group of New York Conference on Tue-Fri, and Barclays Industrial Select Conference on Wed-Thu.
OVERNIGHT U.S. STOCK MOVERS
Con-way (CNW -0.08%) was downgraded to 'Hold' from 'Buy' at Wunderlich.
Zale (ZLC -0.20%) surged over 40% in pre-market trading after it agreed to be acquired by Signet Jewelers for $1.4 billion or $21 per share.
Garmin (GRMN +2.37%) reported Q4 EPS of 76 cents, stronger than consensus of 62 cents.
Host Hotels & Resorts (HST -0.68%) reported Q4 EPS of 33 cents, better than consensus of 31 cents.
Crossroads (CRDS -1.27%) filed patent infringement suits against Cisco (CSCO -0.66%) , NetApp (NTAP -0.25%) and Quantum (QTM +4.35%) .
Forest Labs reported a 13.2% stake in Trevena (TRVN +0.87%) .
Oceaneering (OII +1.85%) reported Q4 EPS of 86 cents, better than consensus of 84 cents.
CF Industries (CF -2.36%) reported Q4 EPS of $5.71, well ahead of consensus of $4.49.
Panera Bread (PNRA -2.83%) reported Q4 EPS of $1.96, better than consensus of $1.94.
Herbalife (HLF +3.83%) gained 3% in after-hours trading after it reported Q4 adjusted EPS of $1.28, higher than consensus of $1.25.
Flowserve (FLS -0.21%) reported Q4 adjusted EPS of $1.10, stronger than consensus of $1.01.
Fluor (FLR +0.58%) reported Q4 EPS of $1.01, higher than consensus of 98 cents.
Analog Devices (ADI +0.91%) reported Q1 EPS ex-items of 49 cents, better than consensus of 48 cents.
Bruker (BRKR -0.64%) reported Q4 adjusted EPS of 31 cents, higher than consensus of 28 cents.
Columbia Sportswear (COLM +2.21%) reported Q4 EPS of $1.05, stronger than consensus of 92 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.34%) this morning are down -6.25 points (-0.34%). The S&P 500 on Tuesday rebounded from early losses and posted a 3-week high as weaker-than-expected U.S. economic data was offset by increased M&A activity. The Feb Empire manufacturing index fell -8.03 to 4.48, a bigger decline than expectations of -4.01 to 8.50, and the Feb NAHB housing market index unexpectedly plunged -10 points to a 9-month low of 46. Stocks recovered on increased M&A activity after Actavis Plc agreed to buy Forest Laboratories for $25 billion. Closes: S&P 500 +0.12%, Dow Jones -0.15%, Nasdaq 100 +0.42%.
Mar 10-year T-notes (ZNH14 +0.17%) this morning are up +9 ticks at a 1-week high. Mar 10-year T-note futures prices on Tuesday rose to a 1-week high on speculation the U.S. economy is stumbling after the Feb Empire manufacturing index fell more than expected and the Feb NAHB housing market index unexpectedly plunged to a 9-month low. Closes: TYH4 +10.00, FVH4 +7.00.
The dollar index (DXY00 +0.03%) this morning is up +0.007 (+0.01%). EUR/USD (^EURUSD) is down -0.0012 (-0.09%). USD/JPY (^USDJPY) is down -0.39 (-0.38%). The dollar index on Tuesday closed lower on bigger-than-expected declines in the Feb Empire manufacturing index and the Feb NAHB housing market index. USD/JPY posted a 2-week high as the yen weakened after Japan Q4 GDP was weaker than expected and after the BOJ increased and extended its lending programs, a sign of easier monetary policy. Closes: Dollar index -0.128 (-0.16%), EUR/USD +0.00658 (+0.48%), USD/JPY +0.573 (+0.56%).
Mar WTI crude oil (CLH14 +0.68%) this morning is up +46 cents (+0.45%) and Mar gasoline (RBH14 -0.08%) is down -0.0058 (-0.20%). Mar crude and gasoline prices Tuesday closed higher. Mar crude rose to a 4-month high and Mar gasoline posted a 1-3/4 month nearest-futures high on bullish factors that included (1) a weaker dollar, (2) a rally in the S&P 500 to a 3-week high, and (3) expectations for the EIA to report on Thu that crude supplies at Cushing, OK, the delivery point for WTI futures, fell -1 million bbl as flows increased through the southern portion of the Keystone XL pipeline from Cushing to the Gulf Coast. Closes: CLH4 +2.13 (+2.12%), RBH4 +0.0270 (+0.96%).
GLOBAL EVENT CALENDAR02/19/2014
US0700 ETWeekly MBA mortgage applications, previous -2.0% with purchase sub-index -5.0% and refi sub-index -0.2%.
0830 ETJan housing starts expected -4.9% to 950,000, Dec -9.8% to 999,000. Jan building permits expected -1.6% to 975,000, Dec -2.6% to 991,000.
0830 ETJan PPI expected+0.1% m/m and +1.2% y/y, Dec +0.1% m/m and +1.1% y/y. Jan PPI ex food & energy expected +0.1% m/m and +1.4% y/y, Dec +0.3% m/m and +1.1% y/y.
1215 ETAtlanta Fed President Dennis Lockhart speaks on the economic outlook at Mercer University.
1300 ETSt. Louis Fed President James Bullard speaks to the Exchequer Club in Washington D.C.
1400 ETFed releases minutes from the Jan 28-29 FOMC meeting.
1900 ETSan Francisco Fed President John Williams speaks on the economy to the Money Marketeers of NYU.
JPN0000 ETRevised Japan Dec leading index CI, previous 112.1. Revised Dec coincident index, previous 111.7.
0000 ETBOJ monthly economic report for Feb.
0030 ETJapan Jan nationwide department store sales, Dec +1.7% y/y.
1850 ETJapan Jan trade balance expected -2.487 trillion yen, Dec -1.304 trillion yen. Jan exports expected +12.7% y/y, Dec +15.3% y/y. Jan imports expected +22.7% y/y, Dec +24.7% y/y.
UK0430 ETMinutes of the Feb 5-6 BOE policy meeting.
0430 ETUK Jan jobless claims change expected -20,000, Dec -24,000. Jan claimant count rate expected -0.1 to 3.6%, Dec 3.7%.
0430 ETUK Dec ILO unemployment rate expected unch at 7.1% 3-months through Dec, Nov 7.1% 3-months through Nov. Dec avg weekly earnings expected +1.0% 3-mo avg y/y, Nov +0.9% 3-mo avg y/y. Dec avg weekly earnings ex-bonus expected +1.0% 3o avg y/y, Nov +0.9% 3-mo avg y/y.
EUR0500 ETEurozone Dec construction output, Nov -0.6% m/m and -1.7% y/y.
CHI2045 ETChina Feb HSBC/Markit flash manufacturing PMI expected unch at 49.5, Jan 49.5.
U.S. STOCK CALENDAR02/19/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Devon Energy CorpDVN USBef-mktQ4 2013 Earnings ReleaseQ4 20131.081
Host Hotels & Resorts IncHST US6:00Q4 2013 Earnings ReleaseQ4 20130.313
Garmin LtdGRMN US7:00Q4 2013 Earnings ReleaseQ4 20130.617
Health Care REIT IncHCN US7:30Q4 2013 Earnings ReleaseQ4 20130.974
Edison InternationalEIX US9:00Investor MeetingY 2014
Bank of America CorpBAC US9:30Hearing on Bank of Americas $8.5 billion Accord with Mortgage-Bond Investors
Dover CorpDOV US9:30Analyst DayY 2014
Health Care REIT IncHCN US10:00Q4 2013 Earnings CallQ4 2013
CF Industries Holdings IncCF US10:00Q4 2013 Earnings CallQ4 2013
Host Hotels & Resorts IncHST US10:00Q4 2013 Earnings CallQ4 2013
Garmin LtdGRMN US10:30Q4 2013 Earnings CallQ4 2013
Devon Energy CorpDVN US11:00Q4 2013 Earnings CallQ4 2013
Flowserve CorpFLS US11:00Q4 2013 Earnings CallQ4 2013
Nabors Industries LtdNBR US11:00Q4 2013 Earnings CallQ4 2013
Allegion PLCALLE US17:00Q4 2013 Earnings ReleaseQ4 20130.59
Marriott International Inc/DEMAR US17:00Q4 2013 Earnings ReleaseQ4 20130.494
Safeway IncSWY US17:00Q4 2013 Earnings CallQ4 2013
Williams Cos Inc/TheWMB USAft-mktQ4 2013 Earnings ReleaseQ4 20130.213
Safeway IncSWY USAft-mktQ4 2013 Earnings ReleaseQ4 20130.484
American Electric Power Co IncAEP USRoadshow - Japan - Day 3Y 2014
E*TRADE Financial CorpETFC USJanuary 2014 Sales and Revenue Release - Activities Report2014
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Tuesday, February 18, 2014

MDU Resources Group - Barchart's Chart of the Day

MDU Resources Group (MDU) is the Barchart Chart of the Day.  The diversified energy company has  Trend Spotter buy signal, a Weighted Alpha of 46.00+ and gained 43.51% in the last year plus paid a 2.11% dividend.

The Chart of the Day is MDU Resources Group (MDU). I found the stock by sorting today's 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 12/24 the stock gained 12.97%.

MDU provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU includes regulated electric and natural gas utilities and regulated natural gas pipelines and energy services, natural gas and oil production, construction materials and contracting, and construction services.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

 Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 12.35% in the last month
  • Relative Strength Index 77.09%
  • Barchart computes a technical support level at 33.53
  • Recently traded at 34.38 with a 50 day moving average of 30.89
Fundamental factors:
  • Market Cap $6.50 billion
  • P/E 22.17
  • Dividend yield 2.11%
  • Revenue predicted to grow 5.30% this year and another 8.50% next year
  • Earnings estimated to increase 3.90% this year, an additional 10.70% next year and continue to increase at an annual rate of 6.60% for the next 5 tears
  • Wall Street analysts issued 3 strong buy, 1 buy and 7 hold recommendations on the stock
  • Financial Strength is A+
Great income stock plus price momentum.  Watch the 50 day moving average for weakness and exit at the 100 day moving average.
Posted by Jim Van Meerten at No comments:
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REIT's rule the Mid-Caps Today

Realty and Income stocks rule the Mid-Caps today.  Today's list come from using Barchart to sort the S&P 400 Mid Cap Index for frequency of new highs in the last month.  I skipped the stocks that didn't have positive gains in the last week and month and used the Flipchart feature to find the charts I liked.

Today's list includes Alexandria Real Estate Equities (ARE), MDU Resources Group (MDU), Mid-America Apartment Communities (MAA), Realty Income Corp (O), and Jones Land LaSalle (JLL):

Alexandria Real Estate Equities (ARE)


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 9.15% in the last month
  • Relative Strength Index 75.24%
  • Barchart computes a technical support level at 71.14
  • Recently traded at 72.30 with a 50 day moving average of 66.25


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 12.35% in the last month
  • Relative strength Index 77.09%
  • Barchart computes a technical support level at 33.53
  • Recently traded at 34.38 with a 50 day moving average of 30.89


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 8.57% in the last month
  • Relative Strength Index 75.85%
  • Barchart computes a technical support level at 67.13
  • Recently traded at 67.82 with a 50 day moving average of 62.68


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 9.32% in the last month
  • Relative Strength Index 74.59%
  • Barchart computes a technical support level at 41.19
  • Recently traded at 42.00 with a 50 day moving average of 38.95


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 16.79% in the last month
  • Relative Strength Index 80.83%
  • Barchart computes a technical support level at 119.22
  • Recently traded at 121.31 with a 50 day moving average of 106.39
Disclosure:  I own shares in Jones Lang LaSalle (JLL)










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BARCHART MORNING CALL 2/18

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.14%) this morning are down -0.08% and European stocks are down -0.42% after German Feb investor confidence slid more than forecast. Asian stocks closed mixed: Japan +3.13%, Hong Kong +0.23%, China -1.26%, Taiwan +0.43%, Australia +0.18%, Singapore +0.05%, South Korea +0.01%, India +0.83%. Japanese stocks surged over 3% after the BOJ boosted lending programs and pledged to continue easing, while Chinese stocks slumped on fears of PBOC tightening after the central bank drained funds from the financial system. The PBOC conducted a 48 billion yuan ($7.9 billion) of 14-day repurchase contracts, the first time since June that it drained money from the financial system. Commodity prices are mixed. Mar crude oil (CLH14 +0.88%) is up +0.87%. Mar gasoline (RBH14 +0.48%) is up +0.43%. Apr gold (GCJ14 -0.20%) is down -0.32%. March copper (HGH14 +0.37%) is up +0.38%. Agriculture prices are higher. The dollar index (DXY00 +0.03%) is up +0.01%. EUR/USD (^EURUSD) is up +0.16% at a 3-week high. USD/JPY (^USDJPY) is up +0.56% at a 2-week high after the yen weakened when the BOJ boosted lending programs. March T-note prices (ZNH14 +0.09%) are up +4.5 ticks.
The German Feb ZEW survey of expectations for economic growth fell -6.0 to 55.7, a bigger decline than expectations of -0.2 to 61.5. The Feb ZEW survey current situation rose +8.8 to 50. 0, better than expectations of +2.8 to 44.0 and the highest in 2-1/2 years.
The BOJ kept interest rates unchanged as expected, but doubled a lending program to 7 trillion yen ($68 billion) and said individual banks could borrow twice as much low-interest money as previously under a second lending facility. The BOJ also said the loan programs, which were scheduled to expire at the end of March, will be extended for another year.
Japan Q4 GDP rose +0.3% q/q and +1.0% q/q annualized, weaker than expectations of +0.7% q/q and +2.8% q/q annualized. The Q4 GDP deflator fell -0.4% y/y, a faster pace of decline than expectations of -0.2% y/y. Q4 GDP consumer spending rose +0.5% q/q, weaker than expectations of +0.8% q/q and Q4 GDP business spending rose +1.3% q/q, less than expectations of +1.8% q/q.
Eurozone Jan new car registrations rose +5.5% y/y, the fifth consecutive monthly increase.
UK Jan CPI fell -0.6% m/m and rose +1.9% y/y, slower than expectations of -0.5% m/m and +2.0% y/y, with the +1.9% y/y increase the slowest annual gain in 4-1/4 years. The Jan core CPI rose +1.6% y/y, slower than expectations of +1.9% y/y and the smallest increase in 4-1/2 years.
China Jan new yuan loans were +1320.0 billion yuan, more than expectations of +1100.0 billion yuan and the most in 4-years.
U.S. STOCK PREVIEW
Today’s Feb Empire manufacturing index is expected to show a -3.51 point decline to 9.00, reversing part of the +10.29 point increase to 12.51 seen in January. Today’s Feb NAHB housing market index is expected to be unchanged at 56, stabilizing after the -1 point decline to 56 seen in January. There are 12 of the S&P 500 companies that report earnings today: Genuine Parts (consensus 0.91), NiSource (0.47), Duke Energy (0.95), DENTSPLY International (0.61), Medtronic (0.91), Waste Management (0.61), Coca-Cola (0.46), Flowserver (1.05), Nabors Industries (0.20), Fluor (0.98), Analog Devices (0.49), CF Industries (4.41). Equity conferences during the remainder of this week include EnerCom Oil & Services Conference on Tue-Wed, Mitsubishi Tokyo Utility Conference on Tue-Wed, Consumer Analyst Group of New York Conference on Tue-Fri, and Barclays Industrial Select Conference on Wed-Thu.
OVERNIGHT U.S. STOCK MOVERS
Waste Management (WM +0.78%) reported Q4 adjusted EPS of 56 cents, below consensus of 61 cents.
Wolverine World Wide (WWW -0.60%) reported Q4 adjusted EPS of 22 cents, higher than consensus of 20 cents.
Kansas City Southern (KSU -2.60%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan.
Weight Watchers (WTW -27.73%) was downgraded to 'Underweight' from 'Equal Weight' at Barclays.
The WSJ reports that Actavis (ACT +0.13%) is expected to buy Forest Labs (FRX +1.49%) for $89.48 a share in cash and stockin a deal valued at $25 billion.
Medtronic (MDT +0.49%) reported Q3 EPS of 91 cents, right on expectations.
Coca-Cola (KO +0.72%) reported Q4 EPS of 46 cents, right on expectations.
Duke Energy (DUK +0.03%) reported Q4 EPS of $1.00, better than consensus of 95 cents.
NiSource (NI +1.15%) reported Q$ EPS of 47 cents, right on expectations.
Moody's Investors Service has upgraded its outlook on Italy's Baa2 government bond rating to stable from negative.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.14%) this morning are down -1.50 points (-0.08%). The S&P 500 on Friday fell back briefly after U.S. Jan industrial production unexpectedly fell -0.3%, weaker than expectations of +0.2% and the first decline in 6 months, but stocks recovered and pushed up to 3-week highs on speculation that recent weakness in U.S. economic data has been weather related. Stocks also received carry-over support from a rally in European equities after Eurozone Q4 GDP was revised higher. Closes: S&P 500 +0.48%, Dow Jones +0.79%, Nasdaq 100 +0.12%.
Mar 10-year T-notes (ZNH14 +0.09%) this morning are up +4.5 ticks. Mar 10-year T-note futures prices on Friday moved higher after U.S. Jan industrial production unexpectedly declined, but T-note prices fell back and closed lower after Dallas Fed President Fisher said he favors tapering QE at each Fed meeting unless he sees "something truly frightening" in the U.S. economy. Closes: TYH4 -3.50, FVH4 -2.75.
The dollar index (DXY00 +0.03%) this morning is up +0.008 (+0.01%). EUR/USD (^EURUSD) is up +0.0022 (+0.16%) to a 3-week high. USD/JPY (^USDJPY) is up +0.57 (+0.56%) to a 2-week high. The dollar index on Friday posted a 1-1/4 month low and closed lower on signs of a slowdown in the U.S. economy after U.S. Jan industrial production unexpectedly declined for the first time in 6-months. EUR/USD climbed to a 3-week high after Eurozone Q4 GDP was revised higher. Closes: Dollar index -0.187 (-0.23%), EUR/USD +0.00129 (+0.09%), USD/JPY -0.385 (-0.38%).
Mar WTI crude oil (CLH14 +0.88%) this morning is up +87 cents (+0.87%) and Mar gasoline (RBH14 +0.48%) is up +0.0121 (+0.43%). Mar crude and gasoline prices Friday settled mixed. A weak dollar boosted energy prices and Mar gasoline posted a 1-1/2 month high on concern that that shutdowns by refiners for seasonal maintenance will limit gasoline supplies. Crude prices fell back after U.S. Jan industrial production unexpectedly declined, a sign of weak energy demand. Closes: CLH4 -0.05 (-0.05%), RBH4 +0.0281 (+1.01%).
GLOBAL EVENT CALENDAR02/18/2014
US0830 ETFeb Empire manufacturing index expected -3.51 to 9.00, Jan +10.29 to 12.51.
1000 ETFeb NAHB housing market index expected unch at 56, Jan -1 to 56.
1100 ETUSDA weekly grain export inspections.
JPN0100 ETRevised Japan Jan machine tool orders.
2330 ETJapan Dec all-industry activity index expected +0.1% m/m, Nov +0.3% m/m.
n/aBOJ announces interest rate decision.
EUR0200 ETEurozone Jan new car registrations, Dec +13.3% y/y.
UK0430 ETUK Jan CPI expected -0.5% m/m and +2.0% y/y, Dec +0.4% m/m and +2.0% y/y. Jan core CPI, Dec +1.7% y/y.
0430 ETUK Jan RPI expected -0.4% m/m and +2.7% y/y, Dec +0.5% m/m and +2.7% y/y. Jan RPI ex mortgage interest payments, Dec +2.8% y/y.
0430 ETUK Jan PPI input prices expected +0.2% m/m and -2.3% y/y, Dec +0.1% m/m and -1.2% y/y.
0430 ETUK Jan PPI output prices expected unch m/m and +0.7% y/y, Dec unch m/m and +1.0% y/y. Jan PPI output core, Dec +0.1% m/m and +1.0% y/y.
GER0500 ETGerman Feb ZEW survey expectations of economic growth expected -0.2 to 61.5, Jan 61.7. Feb ZEW current situation expected +2.8 to 44.0, Jan 41.2.
U.S. STOCK CALENDAR02/18/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Genuine Parts CoGPC USBef-mktQ4 2013 Earnings ReleaseQ4 20130.912
NiSource IncNI US6:30Q4 2013 Earnings ReleaseQ4 20130.465
Duke Energy CorpDUK US7:00Q4 2013 Earnings ReleaseQ4 20130.951
DENTSPLY International IncXRAY US7:00Q4 2013 Earnings ReleaseQ4 20130.61
Medtronic IncMDT US7:15Q3 2014 Earnings ReleaseQ3 20140.911
Waste Management IncWM US7:30Q4 2013 Earnings ReleaseQ4 20130.605
Coca-Cola Co/TheKO US7:30Q4 2013 Earnings ReleaseQ4 20130.463
Medtronic IncMDT US8:00Q3 2014 Earnings CallQ3 2014
DENTSPLY International IncXRAY US8:30Q4 2013 Earnings CallQ4 2013
NiSource IncNI US9:00Q4 2013 Earnings CallQ4 2013
Coca-Cola Co/TheKO US9:30Q4 2013 Earnings CallQ4 2013
Waste Management IncWM US10:00Q4 2013 Earnings CallQ4 2013
Duke Energy CorpDUK US10:00Q4 2013 Earnings CallQ4 2013
Genuine Parts CoGPC US11:00Q4 2013 Earnings CallQ4 2013
Analog Devices IncADI US17:00Q1 2014 Earnings CallQ1 2014
Flowserve CorpFLS USAft-mktQ4 2013 Earnings ReleaseQ4 20131.054
Nabors Industries LtdNBR USAft-mktQ4 2013 Earnings ReleaseQ4 20130.201
Fluor CorpFLR US17:30Q4 2013 Earnings CallQ4 2013
Fluor CorpFLR USAft-mktQ4 2013 Earnings ReleaseQ4 20130.983
Analog Devices IncADI USAft-mktQ1 2014 Earnings ReleaseQ1 20140.487
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