Friday, February 28, 2014

Abbot Laboratories - Barchart's Chart of the Day

Abbott Laboratories (ABT) is the Barchart Chart of the Day.  The pharmaceutical stock has a Trend Spotter buy signal, a Weighted Average of 19.16+ and gained 17.73% in the last year.

The Chart of the Day is Abbot Laboratories (ABT).  I found the stock by sorting the All Time High list for new high frequency in the last month, skipped the stocks that didn't have positive gains in the last week and month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/13 the stock is up 2.74%.

Abbott is a global healthcare company devoted to improving life through the development of products and technologies that span the breadth of healthcare. They have a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals.


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:

  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 9.40% in the last month
  • Relative Strength Index 69.24%
  • Barchart computes a technical support level at 39.15
  • Recently traded at 39.78 with a 50 day moving average of 38.19
Fundamental factors:
  • Market Cap $61.51 billion
  • P/E 19.60
  • Dividend yield 2.23%
  • Revenue expected to grow 3.40% this year and another 5.60% next year
  • Earnings estimated to increase 9.50% this year, an additional 12.30% next year and continue to increase at an annual rate of 11.70% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 8 buy, 11 hold and a sell recommendation on the stock
  • Financial Strength is A++
Long term growth and income pick.  Watch the 50 day moving average for weakness and use the 100 day moving average as an exit point.

Anooraq Resources and AK Steel sell signals

This week I deleted Anooraq Resources (ATL) and AK Steel (AKS) from the Barchart Van Meerten Speculative portfolio for negative price momentum.

Anooraq Resources (ATL)


Barchart technical indicators:
  • 60% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 26.87% off its recent high
  • Relative Strength Index 43.38%
AK Steel (AKS)


Barchart technical indicators:
  • 80% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 26.80% off its recent high
  • Relative Strength Index 41.41%




BARCHART MORNING CALL 2/28

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 -0.11%) this morning are down -0.15% and European stocks are down -0.56% ahead of an expected downward revision to U.S. Q4 GDP. German bunds declined and EUR/USD rose after the Eurozone Feb CPI estimate rose a more-than-expected +0.8% y/y, which reduces pressure on the ECB to add to its stimulus measures. Asian stocks closed mixed: Japan -0.55%, Hong Kong +0.04%, China +1.15%, Taiwan closed for holiday, Australia -0.12%, Singapore +0.45%, South Korea +0.05%, India +0.63%. Commodity prices are mixed. Apr crude oil (CLJ14 -0.17%) is down -0.08%. Apr gasoline (RBJ14 -0.36%) is down -0.31%. Apr gold (GCJ14 -0.26%) is down -0.19%. March copper (HGH14 +0.05%) is up +0.11%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 -0.51%) is down -0.46% at a 2-month low. EUR/USD (^EURUSD) is up +0.61% at a 1-3/4 month high as stronger-than-expected Eurozone inflation data dampens speculation the ECB will add to stimulus when it convenes next week. USD/JPY (^USDJPY) is down -0.22%. March T-note prices (ZNH14 -0.12%) are down -6 ticks.
The Feb Eurozone CPI estimate rose +0.8% y/y, higher than expectations of +0.7% y/y. The Feb core CPI climbed +1.0% y/y, higher than expectations of +0.8% y/y.
The Eurozone Jan unemployment rate was unch at 12.0%, right on expectations.
German Jan retail sales rose +2.5% m/m, better than expectations of +1.0% m/m and the largest monthly gain in 6-3/4 years. On an annual basis, Jan retail sales unexpectedly rose +0.9% y/y, better than expectations of a -1.7% y/y decline.
UK Feb nationwide house prices rose +0.6% m/m and +9.4% y/y, better than expectations of +0.5% m/m and +9.0% y/y with the +9.4% y/y gain the largest annual increase in 3-1/2 years.
Japan Jan industrial production rose +4.0% m/m, the most in 2-1/2 years and stronger than expectations of +2.8% m/m. On an annual basis, Jan industrial production rose +10.6% y/y, stronger than expectations of +9.4% y/y and the most in 1-3/4 years.
Japan Jan retail sale rose +1.4% m/m and +4.4% y/y, better than expectations of +1.3% m/m and +3.8% y/y
Japan Jan national CPI climbed +1.4% y/y, higher than expectations of +1.3% y/y. Jan national CPI ex food & energy rose +0.7% y/y, right on expectations.
The Japan Jan jobless rate was unch at a 6-1/2 year low of 3.7%, right on expectations. The Jan job-to-applicant ratio rose +0.1 to 1.04, right on expectations and the highest in 6-1/2 years.
Japan Jan overall household spending rose +1.1% y/y, stronger than expectations of +0.5% y/y.
U.S. STOCK PREVIEW
Today’s Q4 GDP report is expected to be revised lower to +2.5% (q/q annualized) from the preliminary report of +3.2%. The downward revision is expected to stem mainly from an expected downward revision in Q4 personal consumption to +2.9% from +3.3%. Today’s Feb Chicago PMI is expected to show a -3.2 point decline to 56.4, adding to the -1.2 point decline to 59.6 seen in January. Today’s final-Feb U.S. consumer confidence index from the University of Michigan is expected to be unchanged from early-Feb at 81.2. Today’s Jan pending home sales report is expected to show a +1.8% m/m increase, recovering a bit after the sharp -8.7% drop seen in December. There are 3 of the S&P 500 companies that report earnings today: Iron Mountain (consensus $0.22), NRG Energy (0.23), Pepco Holdings (0.21). There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
Iron Mountain (IRM -0.42%) reported Q4 EPS of 15 cents, well below consensus of 22 cents.
Pepco Holdings (POM -0.92%) reported Q4 EPS of 24 cents, higher than consensus of 21 cents.
Dominion (D -0.26%) was downgraded to 'Hold' from 'Buy' at Argus due to valuation.
Crane (CR -0.15%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
Southwestern Energy (SWN +1.43%) reported Q4 adjusted EPS of 54 cents, better than consensus of 53 cents.
Universal Health (UHS -0.28%) reported Q4 EPS of $1.24, well ahead of consensus of $1.08.
MasTec (MTZ -0.39%) reported Q4 adjusted EPS of 53 cents, consensus 52 cents.
Gabelli reported an 8.08% stake in Zale (ZLC +0.37%) .
Esterline (ESL +0.87%) reported Q1 adjusted EPS of $1.08, stronger than consensus of $1.05.
Deckers Outdoor (DECK +2.83%) slumped 14% in after-hours trading after it reported Q4 EPS of $4.04, higher than consensus of $3.80, but then lowered guidance on Q1 EPS to a loss of -16 cents, well below consensus of a 10 cent profit.
Monster Beverage (MNST +0.23%) reported Q4 EPS of 44 cents, weaker than consensus of 46 cents.
Salesforce.com (CRM +3.89%) reported Q4 adjusted EPS of 7 cents, better than consensus of 6 cents.
Ross Stores (ROST +0.86%) reported Q4 EPS $1.02, right on consensus, but reported Q4 revenue of $2.74 billion, slightly below consensus of $2.75 billion.
Gap (GPS -0.52%) reported Q4 EPS of 68 cents, higher than consensus of 66 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.11%) this morning are down -2.75 points (-0.15%). The S&P 500 on Thursday opened lower on geopolitical concerns from the civil unrest in Ukraine, but shook off early losses and moved higher after U.S. Jan durable goods ex-transportation unexpectedly rose +1.1%, better than expectations of a -0.3% decline. Stock prices moved even higher after Fed Chair Yellen said the Fed may slow its tapering regime should the economy weaken. Closes: S&P 500 +0.49%, Dow Jones +0.46%, Nasdaq 100 +0.63%.
Mar 10-year T-notes (ZNH14 -0.12%) this morning are down -6 ticks. Mar 10-year T-note futures prices Thursday posted a 3-week high and closed higher. Bullish factors included (1) increased safe-haven demand from the civil unrest in Ukraine after Russia held troop exercises on its western border and put jet fighters on alert, and (2) the unexpected increase in weekly U.S. jobless claims. Prices came off of their best levels after U.S. Jan durable goods orders ex-transportation unexpectedly increased. Closes: TYH4 +7.50, FVH4 +3.75.
The dollar index (DXY00 -0.51%) this morning is down -0.371 (-0.46%) at a 2-month low. EUR/USD (^EURUSD) is up +0.0084 (+0.61%) at a 1-3/4 month high. USD/JPY (^USDJPY) is down -0.22 (-0.22%). The dollar index on Thursday fell back from a 2-week high and closed lower after a rally in stocks reduced safe-haven demand for the dollar. EUR/USD fell to a 2-week low after German Feb CPI eased to a 3-1/2 year low of +1.0% y/y, which boosted speculation the ECB may expand its easing measures at its meeting next week. EUR/USD recovered its losses, though, and closed higher after the IMF said it is “ready to respond” to aid requests from the Ukraine, which boosted the hryvnia and was positive for EUR/USD. Closes: Dollar index -0.144 (-0.18%), EUR/USD +0.00237 (+0.17%), USD/JPY -0.230 (-0.22%).
Apr WTI crude oil (CLJ14 -0.17%) this morning is down -8 cents (-0.08%) and Apr gasoline (RBJ14 -0.36%) is down -0.0093 (-0.31%). Apr crude and gasoline prices Thursday closed lower. Negative factors included (1) the unexpected rise in U.S weekly jobless claims, and (2) comments from Fed Chair Yellen who reiterated that the Fed will maintain its pace of tapering QE3. Bullish factors included strength in stocks and the weaker dollar. Closes: CLJ4 -0.19 (-0.19%), RBJ4 -0.0252 (-0.84%).
GLOBAL EVENT CALENDAR02/28/2014
US0500 ETDallas Fed President Richard Fisher speaks on monetary policy at the Swiss National Bank in Zurich.
0830 ETRevised Q4 GDP expected +2.5% q/q annualized, previous +3.2%. Q4 personal consumption expected +2.9%, previous +3.3%. Q4 GDP price index expected unrevised at +1.3%. Q4 core PCE deflator expected unrevised at +1.1% q/q.
0945 ETFeb Chicago PMI expected -3.2 to 56.4, Jan -1.2 to 59.6.
0955 ETFinal-Feb U.S. consumer confidence index (University of Michigan) expected unch at 81.2, early-Feb -1.3 to 81.2.
1000 ETJan pending home sales expected +1.8% m/m and -10.8% y/y, Dec -8.7% m/m and -6.1% y/y.
1015 ETFed Governor Jeremy Stein along with Minneapolis Fed President Narayana Kocherlakota, Chicago Fed President Charles Evans and Philadelphia Fed President Charles Plosser will speak on a panel discussion on interactions between monetary policy and financial stability.
JPN0000 ETJapan Jan construction orders, Dec +4.9% y/y.
0000 ETJapan Jan housing starts expected +15.0% y/y to 1.012 million, Dec +18.0% to 1.055 million.
GER0200 ETGerman Jan retail sales expected +1.0% m/m and -1.7% y/y, Dec -1.7% m/m and -1.5% y/y.
UK0200 ETUK Feb nationwide house prices expected +0.5% m/m and +9.0% y/y, Jan +0.7% m/m and +8.8% y/y.
EUR0500 ETEurozone Feb unemployment rate expected unch at 12.0%, Jan 12.0%.
0500 ETEurozone Feb CPI estimate expected +0.7% y/y and core CPI expected +0.8% y/y.
CHI2000 ETChina Feb manufacturing PMI expected -0.5 to 50.0, Jan -0.5 to 50.5.
U.S. STOCK CALENDAR02/28/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Iron Mountain IncIRM USBef-mktQ4 2013 Earnings ReleaseQ4 20130.219
NRG Energy IncNRG USBef-mktQ4 2013 Earnings ReleaseQ4 20130.23
Pepco Holdings IncPOM USBef-mktQ4 2013 Earnings ReleaseQ4 20130.21
Perrigo Co PlcPRGO US8:00Investor DayY 2014
Iron Mountain IncIRM US8:30Q4 2013 Earnings CallQ4 2013
Eaton Corp PLCETN US8:30Analyst MeetingY 2014
Progressive Corp/ThePGR US9:00Investor Relations Conference Call
NRG Energy IncNRG US9:00Q4 2013 Earnings CallQ4 2013
Southwestern Energy CoSWN US10:00Q4 2013 Earnings CallQ4 2013
Pepco Holdings IncPOM US10:00Q4 2013 Earnings CallQ4 2013
Twenty-First Century Fox IncFOXA USU.S. Box Office Release of Movie Son of God""
Walt Disney Co/TheDIS USU.S. Box Office Release of Movie The Wind Rises""

Today's Best Small Caps

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

Today's list includes Cynosure (CYNO), HFF Inc (HF), Neenah Paper (NP, Orbitial Sciences Corp (ORB) and Manhattan Associates (MANH):

Cynosure (CYNO)


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 18.18% in the last month
  • Relative Strength Index 76.75%
  • Barchart computes a technical support level at 30.53
  • Recently traded at 31.74 with a 50 day moving average of 27.19


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 21.46% in the last month
  • Relative Strength Index 69.74%
  • Barchart computes a technical support level at 30.99
  • Recently traded at 32.04 with a 50 day moving average of 28.50


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 18.95% in the last month
  • Relative Strength Index 78.74%
  • Barchart computes a technical support level at 49.23
  • Recently traded at 50.10 with a 50 day moving average of 43.96


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 20.86% in the last month
  • Relative strength Index 71.58%
  • Barchart computes a technical support level at 27.80
  • Recently traded at 28.33 with a 50 day moving average of 24.91

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 20.02% in the last month
  • Relative Strength Index 80.97
  • Barchart computes a technical support level at 36.11
  • Recently traded at 38.42 with a 50 day moving average of 32.37










Thursday, February 27, 2014

Splunk Inc - Barchart;s Chart of the Day

Splunk Inc (SPLK) is Barchart's Chart of the Day.  The software platform stock has a Trend Spotter buy signal, a Weighted Alpha of 163.40+ and gained 164.22% in the last year.


The Chart of the Day is Splunk Inc (SPLK).  I found the stock by sorting the All Time High list for frequency in the last month and skipped the stocks that didn't have gains in the last week and month.  Then I used the Flipchart feature to review the stocks. since the Trend Spotter signaled a buy on 2/7 the stock is up 20.82%.

SPLK provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals.



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
  • 19 new highs and up 29.88% in the last month
  • Relative Strength Index 79.94%
  • Barchart computes a technical support level at 89.39
  • Recently traded at 95.90 with a 50 day moving average of 77.72
Fundamental factors:
  • Market Cap $10.15 billion
  • Revenue predicted to grow by 47.30% this year and another 35.20% next year
  • Earnings estimated to increase 50.00% this year, an additional 1400.00% next year and continue to increase at an annual rate of 25.00% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 13 buy, 10 hold and 1 under perform recommendation
Watch this up and comer.  Use the 50 day moving average to gauge weakness and the 100 moving average to preserve profits.

Today's 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index for the stocks having the most frequent new highs in the last month.  I then skipped over the stocks that didn't have positive gains in the last week and month and used the Flipchart feature to review the charts.

Today's list includes Jones Lang LaSalle (JLL), IDXX Laboratories (IDXX), Vectren (VVC), SkyWorks Solutions (SWKS) and Realty Income Corp (O):

Jones Lang LaSalle (JLL)


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 17.74% in the last month
  • Relative Strength Index 74.06%
  • Barchart computes a technical support level at 119.78
  • Recently traded at 122.88 with a 50 day moving average of 109.55


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 11.91% in the last month
  • Relative Strength Index 73.57%
  • Barchart computes a technical support level at 125.08
  • Recently traded at 126.46 with a 50 day moving average of 113.69
Vectren (VVC)


  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 6.82% in the last month
  • Relative Strength Index 68.74%
  • Barchart computes a technical support level at 37.97
  • Recently traded at 38.24 with a 50 day moving average of 36.11


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 14.98% in the last month
  • Relative Strength Index 70.94%
  • Barchart computes a technical support level at 33.24
  • Recently traded at 34.96 with a 50 day moving average of 29.98


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 11.65% in the last month
  • Relative Strength Index 81.77%
  • Barchart computes a technical support level at 43.88
  • Recently traded at 44.31 with a 50 day moving average of 39.86








BARCHART MORING CALL 2/27

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 -0.29%) this morning are down -0.31% and European stocks are down -1.13% as tensions escalated in Ukraine. Gunmen occupied parliament and the government building in Ukraine's Crimea region as lawmakers in Ukraine's capital met to approve a new cabinet and Russia put jet fighters on alert. This undercut Ukraine's currency, which fell to 11.2 per dollar, the lowest since it was introduced in 1996. Asian stocks closed mixed: Japan -0.32%, Hong Kong +1.74%, China -0.43%, Taiwan +0.45%, Australia -0.47%, Singapore +0.27%, South Korea +0.38%, India closed for holiday. European stocks shrugged off the unexpected increase in Eurozone Feb economic confidence to a 2-1/2 year high. The yield on the German 10-year bund tumbled to a 7-month low of 1.546% after inflation data from six German regions slowed this month, which fueled speculation the ECB will expand its stimulus measures when it meets next week. Commodity prices are mixed. Apr crude oil (CLJ14 -0.19%) is down -0.15%. Apr gasoline (RBJ14 -0.66%) is down -0.50%. Apr gold (GCJ14 +0.32%) is up +0.42%. March copper (HGH14 -0.09%) is down -0.09%. Agriculture and livestock prices are mixed, although nearest-futures Feb cattle soared to a record high of $1.5095 a pound. The dollar index (DXY00 +0.06%) is up +0.03% at a 2-week high as tension in Ukraine boosts the safe-haven demand for the dollar. EUR/USD (^EURUSD) is down -0.19% at a 2-week low as weak German inflation data bolsters speculation the ECB may expand its euro-negative stimulus measures. USD/JPY (^USDJPY) is down -0.47%. March T-note prices (ZNH14 +0.22%) are up +6.5 ticks at a 3-week high.
Eurozone Feb economic confidence unexpectedly rose +0.2 to 101.2 from an upward revised 101.0 in Jan. That was better than expectations of -0.2 to 100.7 and the highest in 2-1/2 years. The Feb business climate indicator rose +0.12 to 0.37 from an upward revised 0.25 in Jan. That was better than expectations of +0.01 to 0.20 and the highest level in 2-1/2 years.
The German Feb unemployment change fell -14,000, a bigger drop than expectations of -10,000. The Feb unemployment rate was unch at 6.8%, right on expectations and the lowest since data for a reunified Germany began in 1990.
The German Jan import price index fell -0.1% m/m and -2.3% y/y, a slower pace of decline than expectations of -0.2% m/m and -2.4% y/y.
U.S. STOCK PREVIEW
Fed Chair Janet Yellen today will present the second day of her semi-annual testimony to the Senate Banking Committee that was postponed from Feb 13 due to a snowstorm. Today’s weekly initial unemployment claims report is expected to show a decline of -1,000 to 335,000, adding to last week’s decline of -3,000 to 336,000. Meanwhile, continuing claims are expected to show a small increase of +4,000 to 2.985 million after last week’s increase of +37,000 to 2.981 million. Today’s Jan durable goods orders report is expected to show a decline of -1.6% and -0.3% ex-transportation, adding to the declines of -4.2% and -1.3% ex transportation seen in December.
There are 12 of the S&P 500 companies that report earnings today: Mylan (consensus $0.75), WPX Energy (-0.35), Rowan (0.41), Windstream Holdings (0.09), Kohl's (1.54), Best Buy (1.01), Pall Corp (0.80), Sempra Energy (0.97), Ross Stores (1.01), Gap (0.65), Salesforce.com (0.06), Monster Beverage (0.46). Equity conferences during the remainder of this week include: Bank of America Merrill Lynch Global Agriculture Conference on Wed-Thu, Simmons Energy Conference on Thu, and Stifel Industrials Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Chico's FAS (CHS +2.27%) reported Q4 EPS of 4 cents, well below consensus of 15 cents.
Wendy's (WEN +0.39%) reported Q4 adjusted EPS of 11 cents, stronger than consensus of 9 cents.
Kohl's (KSS +2.31%) reported Q4 EPS of $1.56, higher than consensus of $1.54.
Baidu (BIDU +1.62%) was upgraded to 'Buy' from 'Hold' at Stifel.
Windstream Holdings (WIN -0.75%) reported Q4 EPS of 20 cents, double consensus of 9 cents.
Best Buy (BBY +2.02%) reported Q4 EPS of $1.24, better than consensus of $1.01.
Transocean (RIG -0.94%) reported Q4 adjusted EPS of 73 cents, right on consensus, but reported Q4 revenue of $2.332 billion, below consensus of $2.36 billion.
American Water (AWK -0.18%) reported Q4 EPS of 33 cents, well below consensus of 45 cents.
Senator Investment reported a 5.0% passive stake in Brookdale Senior Living (BKD +5.62%) .
L Brands (LB +4.01%) reported Q4 EPS of $1.65, higher than consensus of $1.61.
PetroChina (PTR +1.24%) was upgraded to 'Buy' from 'Neutral' at Goldman.
Greif (GEF +1.97%) reported Q1 EPS with items of 51 cents, below consensus of 55 cents.
Cree (CREE +2.95%) was downgraded to 'Neutral' from 'Overweight' at Piper Jaffray.
Autodesk (ADSK +0.11%) reported Q4 adjusted EPS of 40 cents, better than consensus of 34 cents.
Roundy's (RNDY -0.15%) reported Q4 adjsuted EPS of 25 cents, above consensus of 17 cents.
Whiting Petroleum (WLL -1.69%) reported Q4 EPS of 88 cents, right on expectations, but reported Q4 revenue of $720.5 million, better than consensus of $683.45 million.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.29%) this morning are down -5.75 points (-0.31%). The S&P 500 on Wednesday erased early gains and finished little changed. Stocks found support on the U.S. Jan new home sales that unexpectedly rose +9.6% to a 5-1/2 year high of 468,000, better than expectations of a -3.4% decline to 400,000, which bolsters optimism in the economy. Closes: S&P 500 unch, Dow Jones +0.12%, Nasdaq 100 -0.07%.
Mar 10-year T-notes (ZNH14 +0.22%) this morning are up +6.5 ticks at a 3-week high. Mar 10-year T-note futures prices on Wednesday closed higher. Bullish factors included (1) increased safe-haven demand on concern Ukraine may default on its debt and after Russian President Putin put Russian troops on alert in Western Russia due to the civil unrest in Ukraine and Crimea, and (2) strong demand for the Treasury’s $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of 2.98, above the 12-auction average of 2.62 and the highest in 1-1/2 years. Gains were limited after U.S. Jan new home sales unexpectedly rose to a 5-1/2 year high. Closes: TYH4 +8.00, FVH4 +5.00.
The dollar index (DXY00 +0.06%) this morning is up +0.026 (+0,03%) at a 2-week high. EUR/USD (^EURUSD) is down -0.0026 (-0.19%) at a 2-week low. USD/JPY (^USDJPY) is down -0.48 (-0.48%). The dollar index on Wednesday rallied to a 2-week high and closed higher after the unexpected increase in U.S. Jan new home sales to a 5-1/2 year high bolstered the outlook for the Fed to continue to taper QE3. EUR/USD fell to a 2-week low as Ukraine’s interim administration struggles to secure as much as $35 billion in financial aid to stave off a possible default, which would be euro-negative. Closes: Dollar index +0.292 (+0.36%), EUR/USD -0.00588 (-0.43%), USD/JPY +0.119 (+0.12%).
Apr WTI crude oil (CLJ14 -0.19%) this morning is down -15 cents (-0.15%) and Apr gasoline (RBJ14 -0.66%) is down -0.0148 (-0.50%). Apr crude and gasoline prices Wednesday closed higher. Bullish factors included (1) -1.08 million bbl drop in crude supplies at Cushing, OK, the delivery point for WTI futures, to a 4-month low of 34.79 million bbl, (2) the -2.807 million bbl drop in weekly EIA gasoline supplies, more than expectations of -760,000 bbl, and (3) the +68,000 bbl increase in weekly EIA crude inventories, less than expectations of +1.150 mln bbl. Gains in crude were limited after the dollar index rose to a 2-week high and as weekly EIA distillate stockpiles unexpectedly rose +338,000 bbl, higher than expectations for a -1.16 million bbl draw. Closes: CLJ4 +0.76 (+0.75%), RBJ4 +0.0141 (+0.47%).
GLOBAL EVENT CALENDAR02/27/2014
US0830 ETWeekly initial unemployment claims expected -1,000 to 335,000, previous -3,000 to 336,000. Weekly continuing claims expected +4,000 to 2.985 million, previous +37,000 to 2.981 million.
0830 ETJan durable goods orders expected -1.6% and -0.3% ex transportation, Dec -4.2% and -1.3% ex transportation.
0830 ETUSDA weekly Export Sales.
1000 ETFed Chair Janet Yellen testifies on monetary policy before the Senate Banking Committee (rescheduled from Feb 13 due to a snowstorm).
1030 ETDallas Fed President Richard Fisher speaks on a panel in Frankfurt on A Broader Role for Central Banks Following the Crisis: Imperial Overstretch or a Better Paradigm.
1300 ETTreasury auctions $29 billion 7-year T-notes.
1515 ETAtlanta Fed President Dennis Lockhart and Kansas City Fed President Esther George speak at the 2014 Atlanta Fed Banking Outlook Conference on Bankings Next Chapter: Challenge, Opportunity & Risk.
GER0200 ETGerman Jan import price index expected -0.2% m/m and -2.4% y/y, Dec unch m/m and -2.3% y/y.
0355 ETGerman Feb unemployment change expected -10,000, Jan -28,000. Feb unemployment rate expected unch at 6.8%, Jan 6.8%.
0800 ETGerman Feb CPI (EU harmonized) expected +0.7% m/m and +1.1% y/y, Jan -0.7% m/m and +1.2% y/y.
EUR0400 ETEurozone Jan M3 money supply expected +1.1% y/y and +1.2% 3-month avg, Dec +1.0% y/y and +1.3% 3-month avg.
0500 ETEurozone Feb economic confidence expected -0.2 to 100.7, Jan 100.9. Feb business climate indicator expected +0.01 to 0.20, Jan 0.19.
0500 ETRevised Eurozone Feb consumer confidence, previous -12.7.
1330 ETECB President Mario Draghi speaks at the Bundesbanks Symposium on Financial Stability and the Role of Central Banks.
UK0430 ETUK Feb Lloyds business barometer, Jan 63.
1905 ETUK Feb GfK consumer confidence expected unch at -7, Jan -7.
JPN1815 ETJapan Feb Markit/JMMA manufacturing PMI, Jan 56.6.
1830 ETJapan Jan overall household spending expected +0.5% y/y, Dec +0.7% y/y.
1830 ETJapan Jan jobless rate expected unch at 3.7%, Dec 3.7%. Jan job-to-applicant ratio expected +0.01 to 1.04, Dec 1.03.
1830 ETJapan Jan national CPI expected +1.3% y/y, Dec +1.6% y/y. Jan national CPI ex fresh food expected +1.3% y/y, Dec +1.3% y/y. Jan national CPI ex food & energy expected +0.7% y/y, Dec +0.7% y/y.
1830 ETJapan Feb Tokyo CPI expected +1.0% y/y, Jan +0.7% y/y. Feb Tokyo CPI ex-fresh food expected +0.8% y/y, Jan +0.7% y/y. Feb Tokyo CPI ex food & energy expected +0.4% y/y, Jan +0.3% y/y.
1850 ETJapan Jan industrial production expected +2.8% m/m and +9.4% y/y, Dec +1.1% m/m and +7.3% y/y.
1850 ETJapan Jan retail sales expected +1.3% m/m and +3.8% y/y, Dec -1.2% m/m and +2.5% y/y.
2300 ETJapan Jan vehicle production, Dec +12.2% y/y.
U.S. STOCK CALENDAR02/27/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Mylan Inc/PAMYL USBef-mktQ4 2013 Earnings ReleaseQ4 20130.752
WPX Energy IncWPX USBef-mktQ4 2013 Earnings ReleaseQ4 2013-0.349
Rowan Cos PlcRDC USBef-mktQ4 2013 Earnings ReleaseQ4 20130.411
Windstream Holdings IncWIN USBef-mktQ4 2013 Earnings ReleaseQ4 20130.091
Kohl's CorpKSS USBef-mktQ4 2014 Earnings ReleaseQ4 20141.537
Best Buy Co IncBBY US7:00Q4 2014 Earnings ReleaseQ4 20141.008
Pall CorpPLL US7:00Q2 2014 Earnings ReleaseQ2 20140.801
Best Buy Co IncBBY US8:00Q4 2014 Earnings CallQ4 2014
Salesforce.com IncCRM USAft-mktQ4 2014 Earnings ReleaseQ4 20140.06
Monster Beverage CorpMNST USAft-mktQ4 2013 Earnings ReleaseQ4 20130.462

Wednesday, February 26, 2014

LyindellBasell Industries - Barchart's Chart of the day

LyondellBasell Industries (LYB) is the Barchart Chart of the Day.  The Dutch diversified chemical stock has a Trend Spotter buy signal, a Weighted Alpha of 48.50+ and gained 53.85% in the past year.


The Chart of the Day is LynodellBasell Industries (LYB).  I found the stock by sorting the All Time High list for new high frequency in the last month.  I skipped over the stock that didn't have positive gains in the last week and month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/7 the stock gained 8.15%.

LYB is a manufactures chemicals and derivatives. It also operates as a refiner of heavy high-sulfur crude oil produce and is engaged in the marketing and selling of polyolefins, polypropylene and polyethylene resins. Their products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels. The Company's product range includes ethylene, propylene, polyethylene, polypropylene, polyolefins, resins, PP compounds, Polybutene, propylene Oxide and etc. It also produces refined petroleum products and gasoline blending components, including biofuels.


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
  • 17 new highs and up 15.19% in the last month
  • Relative Strength Index 73.41%
  • Barchart computes a technical support level at 84.82
  • Recently traded at 87.42 with a 50 day moving average of 80.24
Fundamental factors:
  • Market Cap $48.34 billion
  • P/E 12.68
  • Dividend yield 2.79%
  • Revenue predicted to grow 4.00% this year and 3.70% next year
  • Earning estimated to increase 8.40% this year, increase an additional 11.50% next year and continue to increase at an annual rate of 9.73% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 11 buy and 4 hold recommendations
  • Financial Strength is A
The stock has great momentum and volume as should continue to rise.  Watch the 50 day moving average for weakness and exit at the 100 day moving average.

Today's 5 Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index for frequency of new highs in the last month.  I then skipped the stocks that did not have positive gains in the last week and month and used the Flipchart feature to review the stocks.

Today's list includes Xylem Inc (XYL), LyondellBasell Industries (LYB), Forest Laboratories (FRX), PPL Corp (PPL), and Hershey Foods (HSY):

Xylem Inc (XYL)


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 16.78% in the last month
  • Relative Strength Index 66.10%
  • Barchart computes a technical support level at 38.05
  • Recently traded at 39.29 with a 50 day moving average of 35.88


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 14.86% in the last month
  • Relative Strength Index 72.83%
  • Barchart computes a technical support level at 84.82
  • Recently traded at 87.14 with a 50 day moving average of 80.23


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 54.49% in the last month
  • Relative Strength Index 90.17%
  • Barchart computes a technical support level at 97.58
  • Recently traded at 100.34 with a 50 day moving average of 68.74
PPL Corp (PPL)


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 7.73% in the last month
  • Relative Strength Index 75.73%
  • Barchart computes a technical support level at 31.55
  • Recently traded at 32.19 with a 50 day moving average of 30.30


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 8.46% in the last month
  • Relative Strength Index 65.80%
  • Barchart computes a technical support level at 105.53
  • Recently traded at 106.37 with a 50 day moving average of 99.51










BARCHART MORNING CALL 2/26


OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.11%) this morning are up +0.18% and European stocks are down -0.15% after Ukraine's currency, the hryvnia, weakened to a record low as the country's interim administration struggles to secure as much as $35 billion in financial aid to stave off a possible default. Losses in European stocks were limited after German Mar GfK consumer confidence unexpectedly rose to a 7-year high. Asian stocks closed mostly higher: Japan -0.54%, Hong Kong +0.54%, China +0.25%, Taiwan +0.29%, Australia +0.06%, Singapore -0.50%, South Korea +0.42%, India +0.65%. China's Shanghai Stock Index recovered from a 1-month low and finished higher after China's benchmark money-market rates fell to a 7-month low as efforts by the PBOC to weaken the yuan boosted the supply of cash in the financial system. Commodity prices are mixed. Apr crude oil (CLJ14 +0.52%) is up +0.35%. Apr gasoline (RBJ14 -0.11%) is down -0.14%. Apr gold (GCJ14 -0.51%) is down -0.24%. March copper (HGH14 +0.09%) is up +0.11% after LME copper inventories fell -2,750 MT to 276,400 MT, a 14-month low. Agriculture and livestock prices are mixed as nearest-futures (G14) Feb cattle climbed to a record high of $1.4695 a pound. The dollar index (DXY00 +0.11%) is up +0.02%. EUR/USD (^EURUSD) is down -0.04%. USD/JPY (^USDJPY) is up +0.11%. March T-note prices (ZNH14 -0.10%) are down -2.5 ticks.
German Mar GfK consumer confidence unexpectedly rose +0.2 to 8.5 from an upward revised 8.3 in Feb, higher than expectations of unch at 8.2 and the highest level in 7-years.
UK Q4 GDP was revised to +0.7% q/q and +2.7% y/y, slightly lower than the originally reported +0.7% q/q and +2.8% y/y. Q4 private consumption was revised down to +0.4% q/q from +0.6% q/q and Q4 government spending was revised down to +0.3% q/q from +0.5% q/q. Q4 exports were revised upward to +0.4% q/q from +0.2% q/q and Q4 imports were revised upward to -0.9% q/q from -1.0 q/q.
UK Q4 total business investment rose +2.4% q/q and +8.5% y/y, higher than expectations of +1.3% q/q.

U.S. STOCK PREVIEW
Today’s Jan new home sales report is expected to show a decline of -3.4% to 400,000, adding to the decline of -7.0% to 414,000 seen in December. The markets will be watching to see if there is some recovery in mortgage activity after last week’s drops that were likely caused mainly by bad weather. The MBA mortgage purchase sub-index last week fell sharply by -6.3% to a 2-1/2 year low of 160.7. The Treasury today will sell $35 billion in 5-year T-notes and $13 billion of 2-year floating rate notes. The Treasury will then wrap up this week’s T-note package by selling $29 billion of 7-year T-notes on Thursday. There are 13 of the S&P 500 companies that report earnings today: Dollar Tree (consensus $1.05), Cablevision (0.09), Target (1.24), TJX (0.83), Chesapeake Energy (0.40), AES (0.29), CenterPoint Energy (0.28), Lowe's (0.31), Transocean (0.72), Autodesk (0.34), L Brands (0.34), Integrys Energy Group (0.94), Newfield Exploration (0.44).
Equity conferences during the remainder of this week include: J. P. Morgan Global High Yield & Leveraged Finance Conference on Mon-Wed, RBC Capital Markets Healthcare Conference on Mon-Wed, 10th Regulatory and Compliance Congress on Tue-Wed, Robert W. Baird Business Solutions Conference Tue-Wed, Crude By Rail 2014 on Tue-Wed, Super Return International 2014 on Tue-Wed, Gabelli & Co Inc Industrial Flow & Infrastructure Conference on Wed, RBC Capital Markets Global Health Care Conference on Wed, Alembic Global Advisors Fourth Annual Global Chemical Conference on Wed, Keefe, Bruyette, & Woods Boston Bank Conference on Wed, KeyBanc Capital Markets Consumer Conference on Wed, Bank of America Merrill Lynch Global Agriculture Conference on Wed-Thu, Simmons Energy Conference on Thu, and Stifel Industrials Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS
Target (TGT +0.66%) reported Q4 adjusted EPS of $1.30, well ahead of consensus of 79 cents.
Lowe's (LOW +1.88%) reported Q4 EPS of 31 cents, right on expectations.
Chesapeake Energy (CHK -1.28%) reported Q4 EPS of 27 cents, well below consensus of 40 cents.
Dollar Tree (DLTR +0.67%) reported Q4 EPS of $1.02 weaker than consensus of $1.05.
Boeing (BA -2.17%) was awarded a $2.07 billion government contract modification for the procurement of 16 P-8A Multi-mission Maritime Aircraft full rate production Lot I aircraft and 16 Ancillary Mission Equipment kits for the U.S. Navy.
Weatherford (WFT -0.13%) reported Q4 adjusted EPS of 7 cents, right on consensus.
Alleghany (Y -0.25%) reported Q4 EPS of $6.99, better than consensus of $6.53.
Superior Energy (SPN +0.70%) reported Q4 adjusted EPS of 30 cents, below consensus of 31 cents.
Avago (AVGO -0.96%) reported Q1 EPS of 84 cents, stronger than consensus of 78 cents.
R.R. Donnelley (RRD -1.37%) reported Q4 EPS of 49 cents, higher than consensus of 38 cents.
AMC Entertainment (AMC +0.36%) reported Q4 EPS ex-items of 18 cents, right on expectations.
Chicago Bridge & Iron (CBI -0.97%) reported Q4 EPS o $1.80, well above consensus of $1.16.
First Solar (FSLR +0.48%) dropped over 10% in after-hours trading after it reported Q4 adjusted EPS of 89 cents, weaker than consensus of 99 cents, and then lowerd guidance on Q1 EPS to 50 cents-60 cents, well below consensus of 84 cents.
Edison International (EIX -0.50%) reported Q4 core EPS of 81 cents, better than consensus of 67 cents.

MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.11%) this morning are up +3.25 points (+0.18%). The S&P 500 on Tuesday closed slightly lower. Bearish factors included (1) the -1.3 point drop in the U.S. Feb consumer confidence index from the Conference Board to 78.1, which was -1.9 points below expectations of 80.0, and (2) the sharp -18 point decline in the Richmond Fed manufacturing index to a 7-month low of -6. Bullish factors for stocks included (1) the +0.76% m/m rise in the Dec S&P CaseShiller composite-20 home price index, better than expectations of +0.6% m/m, and (2) better-than-expected Q4 earnings results. Closes: S&P 500 -0.13%, Dow Jones -0.17%, Nasdaq 100 -0.18%.
Mar 10-year T-notes (ZNH14 -0.10%) this morning are down -2.5 ticks. Mar 10-year T-note futures prices on Tuesday closed higher on economic concerns after U.S. Feb consumer confidence fell more than expected and the Feb Richmond Fed manufacturing index dropped to its lowest level in 7 months. Closes: TYH4 +11.50, FVH4 +6.25.
The dollar index (DXY00 +0.11%) this morning is up +0.020 (+0.02%). EUR/USD (^EURUSD) is down -0.0005 (-0.04%). USD/JPY (^USDJPY) is up +0.11 (+0.11%). The dollar index on Tuesday closed slightly lower after a bigger than expected decline in U.S. Feb consumer confidence fueled concerns about the sustainability of the U.S. economic recovery. EUR/USD fell back from its best levels after Russia’s Deputy Finance Minister said that the Ukraine has a “high” chance of defaulting on its debt, which would be euro-negative. Closes: Dollar index -0.062 (-0.08%), EUR/USD +0.00010 (+0.07%), USD/JPY -0.263 (-0.26%).
Apr WTI crude oil (CLJ14 +0.52%) this morning is up +36 cents (+0.35%) and Apr gasoline (RBJ14 -0.11%) is down -0.0043 (-0.14%). Apr crude and gasoline prices Tuesday closed lower. Negative factors for crude included (1) the larger-than-expected drop in U.S. Feb consumer confidence, (2) expectations for weekly EIA crude inventories to increase by +1.15 million bbl on Wed, and (3) severe winter weather forecast for the central and eastern U.S. that may reduce automobile travel and curb demand for gasoline. Closes: CLJ4 -0.99 (-0.96%), RBJ4 -0.0354 (-1.18%).

GLOBAL EVENT CALENDAR02/26/2014
US0700 ETWeekly MBA mortgage applications, previous -4.1% with purchase sub-index -6.3% and refi sub-index -2.7%.
1000 ETJan new home sales expected -3.4% to 400,000, Dec -7.0% to 414,000.
1030 ETEIA Weekly Petroleum Status Report.
1130 ETTreasury auctions $13 billion 2-year floating rate notes.
1200 ETBoston Fed President Eric Rosengren speaks about the economic outlook to the Boston Economic Club.
1300 ETTreasury auctions $35 billion 5-year T-notes.
GER0200 ETGerman Mar GfK consumer confidence expected unch at 8.2, Feb 8.2.
UK0430 ETRevised UK Q4 GDP, previous +0.7% q/q and +2.8% y/y.

U.S. STOCK CALENDAR02/26/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Dollar Tree IncDLTR USBef-mktQ4 2014 Earnings ReleaseQ4 20141.05
Cablevision Systems CorpCVC USBef-mktQ4 2013 Earnings ReleaseQ4 20130.089
Target CorpTGT USBef-mktQ4 2014 Earnings ReleaseQ4 20141.24
TJX Cos Inc/TheTJX USBef-mktQ4 2014 Earnings ReleaseQ4 20140.825
Chesapeake Energy CorpCHK USBef-mktQ4 2013 Earnings ReleaseQ4 20130.4
AES Corp/VAAES USBef-mktQ4 2013 Earnings ReleaseQ4 20130.294
CenterPoint Energy IncCNP USBef-mktQ4 2013 Earnings ReleaseQ4 20130.279
Lowe's Cos IncLOW USBef-mktQ4 2014 Earnings ReleaseQ4 20140.309
Dollar Tree IncDLTR US9:00Q4 2014 Earnings CallQ4 2014
Apache CorpAPA US9:00Investor DayY 2014
Chesapeake Energy CorpCHK US9:00Q4 2013 Earnings CallQ4 2013
AES Corp/VAAES US9:00Q4 2013 Earnings CallQ4 2013
QEP Resources IncQEP US9:00Q4 2013 Earnings CallQ4 2013
Lowe's Cos IncLOW US9:00Q4 2014 Earnings CallQ4 2014
Range Resources CorpRRC US9:00Q4 2013 Earnings CallQ4 2013
Transocean LtdRIG USAft-mktQ4 2013 Earnings ReleaseQ4 20130.72
Autodesk IncADSK USAft-mktQ4 2014 Earnings ReleaseQ4 20140.339
L Brands IncLB USAft-mktQ4 2014 Earnings ReleaseQ4 20141.613
Integrys Energy Group IncTEG USAft-mktQ4 2013 Earnings ReleaseQ4 20130.936
Deere & CoDE USAnnual General Meeting
Newfield Exploration CoNFX USQ4 2013 Earnings ReleaseQ4 20130.442