Barchart technical indicators:
- 100% Barchart short term technical sell signal
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 20.51% off it's recent high
- Relative Strength Index 7.72%
Saturday, March 8, 2014
Yongye International - sell signals
Today I deleted Yongye International (YONG) for the Barchart Van Meerten Speculative portfolio for negative price momentum:
Friday, March 7, 2014
Today's Best Small Capsgsm
Today I used Barchart to sort the S&P 600 Small Cap Index for the stocks having the most frequent new highs in the last month. I skipped the stocks that didn't have positive gains for the last week and month then used the Flipchart feature to find the chart I liked.
Today's list includes Pioneer Energy Services (PES), PolyOne (POL), Manhattan Associates (MANH), Globe Specialty Metals (GSM), Neenah Paper (NP):
Pioneer Energy Services (PES)
Today's list includes Pioneer Energy Services (PES), PolyOne (POL), Manhattan Associates (MANH), Globe Specialty Metals (GSM), Neenah Paper (NP):
Pioneer Energy Services (PES)
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 42.12% in the last month
- Relative Strength Index 88.69%
- Barchart computes a technical support level at 11.57
- Recently traded at 12.03 with a 50 day moving average of 9.09
PolyOne (POL)
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 7.85% in the last month
- Relative Strength Index 69.03%
- Barchart computes a technical support level at 37.58
- Recently traded at 37.81 with a 60 day moving average of 35.49
Manhattan Associates (MANH)
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 18.47% in the last month
- Relative Strength Index 74.25
- Barchart computes a technical support level at 38.30
- Recently traded at 39.21 with a 50 day moving average of 33.39
Globe Specialty Metals (GSM)
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 15.47% in the last month
- Relative Strength Index 68.65%
- Barchart computes a technical support level at 19.97
- Recently traded at 20.32 with a 50 day moving average of 18.27
Neenah Paper (NP)
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signals
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 18.08% in the last month
- Relative Strength Index 76.89%
- Barchart computes a technical support level at 50.55
- Recently traded at 51.14 with a 50 day moving average of 44.88
BARCHART MORNING CALL 3//
Friday, March 7th, 2014View Older Reports
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OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.07%) this morning are up +0.11% and European stocks are down -0.34% ahead of U.S. Feb payroll data later this morning. Losses in European stocks were muted after German Jan industrial production rose for a third month. Asian stocks closed mixed: Japan +0.92%, Hong Kong -0.19%, China -0.24%, Taiwan closed for holiday, Australia +0.30%, Singapore +0.23%, South Korea -0.11%, India +1.89%. India's S&P Sensex Stock Index rose to a record after the India Q4 current-account deficit fell to a 4-year low, while Chinese stocks closed lower when a Chinese company defaulted after it failed to pay full interest on its bonds. Commodity prices are mixed. Apr crude oil (CLJ14 +0.55%) is up +0.33%. Apr gasoline (RBJ14 unch) is down -0.13%. Apr gold (GCJ14 -0.09%) is down -0.23%. May copper (HGK14 -2.25%) is down -2.03% at a 15-week low on Chinese demand concerns after weekly Shanghai copper inventories rose +9,034 MT to a 10-1/4 month high of 207,320 MT. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 -0.25%) is down -0.22% at a 4-1/4 month low. EUR/USD (^EURUSD) is up +0.30% at a 2-1/3 year high after the ECB on Thursday quashed expectations they will expand their stimulus measures. USD/JPY (^USDJPY) is down -0.13%. June T-note prices (ZNM14 +0.08%) are up +3.5 ticks.China's Shanghai Chaori Solar Energy Science & Technology Company failed to pay full interest due today on its bonds, China's first onshore corporate bond default. Chaori's default, which occurred during the annual session of China's legislature, signals the government is willing to tolerate such failures and will back off its practice of bailing out companies with bad debt.
German Jan industrial production rose +0.8% m/m, right on expectations, and on an annual basis rose +5.0% y/y, greater than expectations of +3.9% y/y and the most in 2-1/3 years. Dec was revised upward to +0.1% m/m and +3.4% y/y from the originally reported -0.6% m/m and +2.6% y/y.
The German Jan wholesale price index fell -0.1% m/m and -1.7% y/y. Dec was revised to +0.3% m/m and -1.3% y/y from the originally reported +0.4% m/m and -1.8% y/y.
The Japan Jan leading index CI rose +0.5 to 112.2, less than expectations of +0.7 to 112.4, but still the highest in 7-years. The Jan coincident index climbed +2.5 from an upward revised 112.3 in Dec to 114.8, better than expectations of +2.9 to 114.6 and the highest in 5-3/4 years.
U.S. STOCK PREVIEW
The market consensus for today’s payroll report is +150,000, which would be relatively weak but would at least be an improvement from +113,000 in January. Meanwhile, today’s Feb unemployment rate is expected to be unchanged from January’s 5-1/2 year low of 6.6%. Today’s Jan U.S. trade deficit is expected to widen mildly to -$38.5 billion from -$38.7 billion in December. There are 2 of the Russell 1000 companies that report earnings today: Foot Locker (consensus $0.76), Big Lots (1.38). There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
Staples (SPLS -15.30%) was downgraded to 'Hold' from 'Buy' at Argus.Citigroup lowered its Q3 earnings estimate for FedEx (FDX +0.28%) to $1.45 from $1.55, below the consensus of $1.54, to reflect the impact from severe winter weather.
Foot Locker (FL +0.85%) reported Q4 adjusted EPS of 82 cents, better than consensus of 76 cents.
Alon USA Energy (ALJ +2.02%) reported a Q4 EPS ex-items loss of -12 cents, a smaller loss than consensus of -15 cents.
Safeway (SWY -0.03%) fell 5% in after-hours trading after Albertsons said it will acquire the company for $40 a share.
The Fresh Market (TFM -2.13%) reported Q4 adjusted EPS of 39 cents, weaker than consensus of 42 cents, and then lowered guidance on fiscal 2014 adjusted EPS to $1.56-$1.66, below consensus of $1.67.
Piedmont Natural Gas (PNY -0.91%) reported Q1 EPS of $1.26, stronger than consensus of $1.19, and then raised guidance on fiscal 2014 EPS view to $1.80-$1.90 from $1.73-$1.83, higher than consensus of $1.80.
Lehigh Gas (LGP -0.26%) reported Q4 EPS of 25 cents, weaker than consensus of 31 cents.
Gogo (GOGO -0.25%) rose 2% in after-hours trading after SAC Capital reported a 5.1% passive stake in the company.
Thor Industries (THO +1.54%) reported Q2 continuing operations EPS of 32 cents, below consensus of 36 cents.
Cooper Companies (COO -0.60%) reported Q1 EPS of $1.47, better than consensus of $1.46.
The Gap (GPS -0.75%) fell over 5% in after-hours trading after it reported comparable same-store-sales sales for February were down 7% versus a 3% increase last year.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.07%) this morning are up +2.00 points (+0.11%). The S&P 500 on Thursday posted a new record high and closed higher. Supportive factors included (1) the -26,000 drop in U.S. weekly jobless claims to a 3-month low of 323,000, a bigger decline than expectations of -12,000, (2) signs of strength in Europe after German Jan factory orders rose +1.2% m/m (vs expectations of +0.9% m/m) and the ECB raised its Eurozone 2014 GDP forecast to +1.2% from +1.1% projected in Dec. Closes: S&P 500 +0.17%, Dow Jones +0.38%, Nasdaq 100 -0.17%.Jun 10-year T-notes (ZNM14 +0.08%) this morning are up +3.5 ticks. Jun 10-year T-note futures prices on Thursday dropped to a 1-1/2 week low and closed lower. Bearish factors included (1) the larger-than-expected fall in weekly jobless claims to a 3-month low and (2) reduced safe-haven demand after the S&P 500 posted a record high. Closes: TYM4 -10.00, FVM4 -5.00.
The dollar index (DXY00 -0.25%) this morning is down -0.177 (-0.22%) at a 4-1/4 month low. EUR/USD (^EURUSD) is up +0.0041 (+0.30%) at a 2-1/3 year high. USD/JPY (^USDJPY) is down -0.13 (-0.13%). The dollar index on Thursday slumped to a 4-1/4 month low and closed lower. EUR/USD rose to a 2-1/4 month high after the ECB refrained from expanding stimulus and raised its Eurozone 2014 GDP forecast to +1.2% from +1.1% projected in Dec. USD/JPY rose to a 1-1/4 month high after a Japanese government advisory panel said Japan’s Government Pension Investment Fund, the world’s largest pension fund, should shift its investment focus away from Japanese bonds, which clobbered the yen: Dollar index -0.446 (-0.56%), EUR/USD +0.01278 (+0.93%), USD/JPY +0.767 (+0.75%).
Apr WTI crude oil (CLJ14 +0.55%) this morning is up +34 cents (+0.33%) and Apr gasoline (RBJ14 unch) is down -0.0038 (-0.13%). Apr crude and gasoline prices on Thursday closed higher. Apr crude recovered from a 2-week low and Apr gasoline rebounded from a 3-week low on bullish factors that included (1) the slide in the dollar index to a 4-1/4 month low, (2) the fall in U.S. weekly jobless claims to a 3-month low, and (3) the rally in the S&P 500 to a record high. Bearish factors included (1) expectations that tension between Ukraine and Russia won’t disrupt crude supplies and (2) the weaker than expected U.S Jan factory orders, a sign of weaker energy demand. Closes: CLJ4 +0.11 (+0.11%), RBJ4 +0.0052 (+0.18%).
GLOBAL EVENT CALENDAR03/07/2014
| US | 0830 ET | Feb non-farm payrolls expected +150,000, Jan +113,000. Feb private payrolls expected +151,000, Jan +142,000. Feb manufacturing payrolls expected +5,000, Jan +21,000. Feb unemployment rate expected unch at 6.6%, Jan -0.1 to 6.6%. |
| 0830 ET | Feb avg earnings expected +0.2% m/m and +2.0% y/y, Jan +0.2% m/m and +1.9% y/y. Feb avg weekly hours expected unch at 34.4 hours, Jan 34.4 hours. | |
| 0830 ET | Jan trade balance expected -$38.5 billion, Dec -$38.7 billion. | |
| 1200 ET | New York Fed President William Dudley speaks on the economy at Brooklyn College. | |
| 1500 ET | Jan consumer credit expected +$14.0 billion, Dec +$18.756 billion. | |
| JPN | 0000 ET | Japan Jan leading index CI expected +0.7 to 112.4, Dec 111.7. Jan coincident index expected +2.9 to 114.6, Dec 111.7. |
| GER | 0600 ET | German Jan industrial production expected +0.8% m/m and +3.9% y/y, Dec -0.6% m/m and +2.6% y/y. |
| CHI | n/a | China Feb trade balance expected +$14.50 billion, Jan +$31.87 billion. Feb exports expected +7.5% y/y, Jan +10.6% y/y. Feb imports expected +7.6% y/y, Jan +10.0% y/y. |
U.S. STOCK CALENDAR03/07/2014
| Company Name | Ticker | Time | Event Description | Period | Estimate |
|---|---|---|---|---|---|
| Foot Locker Inc | FL US | Bef-mkt | Q4 2014 Earnings Release | Q4 2014 | 0.755 |
| Big Lots Inc | BIG US | 8:00 | Q4 2014 Earnings Call | Q4 2014 | |
| Public Service Enterprise Group Inc | PEG US | 8:00 | Analyst Meeting | Y 2014 | |
| AGL Resources Inc | GAS US | 8:30 | Analyst Day | Y 2014 | |
| Foot Locker Inc | FL US | 9:00 | Q4 2014 Earnings Call | Q4 2014 | |
| Big Lots Inc | BIG US | Q4 2014 Earnings Release | Q4 2014 | 1.384 | |
| Hill-Rom Holdings Inc | HRC US | Annual General Meeting | |||
| Twenty-First Century Fox Inc | FOXA US | U.S. Box Office Release of Movie Mr. Peabody & Sherman"" | |||
| Questar Corp | STR US | Analyst Day - Day 2 | Y 2014 |
Thursday, March 6, 2014
Kroger - Barchart's Chart of the Day
Kroger (KR) is the Barchart Chart of the Day. The stock has a Trend Spotter buy signal, a Weighted Alpha of 37.10+ and gained 47.41% in the last year.
The Chart of the Day is Kroger (KR). I found the stock by sorting the All Time High list for new high frequency in the last month, skipped any stocks that didn't have a positive gain for the last week and month. I then used the Flipcahrt feature to review the charts. Since the Trend Spotter signaled a buy on 2/19 the stock gained 12.59%.
KR is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.
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 Kroger (KR). I found the stock by sorting the All Time High list for new high frequency in the last month, skipped any stocks that didn't have a positive gain for the last week and month. I then used the Flipcahrt feature to review the charts. Since the Trend Spotter signaled a buy on 2/19 the stock gained 12.59%.
KR is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.
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:
- 64% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 17.74% in the last month
- Relative Strength index 78.96%
- Barchart computes a technical support level at 41.78
- Recently traded at 43.27 with a 50 day moving average of 38.45
Fundamental Factors:
- Market Cap $22.48 billion
- P/E 14.47
- Dividend yield 1.56%
- Revenue predicted to grow 1.60% this year and another 7.30% next year
- Earnings estimated to increase 6.10% this year, an additional 12.20% next year and continue to increase by 7.90% annually for the next 5 years
- Wall Street analysts issued 5 strong buy, 3 buy, 7 hold and 3 under perform recommendations on the stock
- Financial Strength is B++
Solid revenue and earnings over the long run. Use the 50 day moving average for weakness and the 100 day moving average as an exit point.
BARCHART MORNING CALL 3/6
Thursday, March 6th, 2014View Older Reports
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OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.19%) this morning are up +0.09% at a fresh all-time high and European stocks are up +0.46%. As expected, the BOE maintained its benchmark interest rate at 0.50% and kept its asset purchase target unchanged at 375 billion pounds. The markets now await the ECB interest rate decision later this morning along with the press conference from ECB President Draghi. European stocks found support on the stronger-than-expected German Jan factory orders. Asian stocks closed mostly higher: Japan +1.59%, Hong Kong +0.55%, China +0.45%, Taiwan +0.94%, Australia -0.01%, Singapore +0.40%, South Korea +0.13%, India +1.11%. Japan's Nikkei Stock Index posted a 5-week high as a slide in the yen to a 1-1/2 week low boosted exporter stocks, while China's Shanghai Stock Index shook off early losses and closed higher after property developers rallied when government officials speaking at the National People's Congress in Beijing said the housing market was stable and will get long-term support from urbanization. Commodity prices are mixed. Apr crude oil (CLJ14 -0.64%) is down -0.26%. Apr gasoline (RBJ14 -0.02%) is up +0.07%. Apr gold (GCJ14 -0.41%) is down -0.47%. May copper (HGK14 +0.09%) is up +0.02%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.07%) is down -0.02%. EUR/USD (^EURUSD) is up +0.15%. USD/JPY (^USDJPY) is up +0.43% at a 1-1/2 week high. June T-note prices (ZNM14 -0.15%) are down -5.5 ticks.Speaking Wednesday evening at Seattle University, San Francisco Fed President Williams said recent weakness in the U.S. economic data probably means GDP growth will be "closer to 2.5%" for this year, compared with an earlier expectation of "closer to 3.0% expansion." German Jan factory orders rose +1.2% m/m and +8.4% y/y, stronger than expectations of +0.9% m/m and +7.5% y/y with the +8.4% y/y gain the largest annual increase in 2-1/2 years. UK Feb Halifax house prices surged +2.4% m/m, over three times expectations of +0.7% m/m and the fastest pace of growth in 4-3/4 years. On a 3-month y/y basis, prices rose +7.9%, higher than expectations of +7.3% and the fastest pace of increase in 6-1/3 years.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a decline of -12,000 to 336,000, reversing most of last week’s increase of +14,000 to 348,000. Meanwhile, continuing claims are expected to show an increase of +6,000 to 2.970 million, adding to last week’s increase of +8,000 to 2.964 million. Today’s Jan factory orders report is expected to show a decline of -0.5%, adding to December’s decline of -1.5%. There are 5 of the Russell 1000 companies that report earnings today: Joy Global (consensus $0.65), Costco Wholesale (1.17), Staples (0.39), Kroger (0.72), H&R Block (-0.11). Equity conferences during the remainder of this week include: Morgan Stanley Technology, Media & Telecom Conference on Mon-Thu, Bank of America Merrill Lynch Refining Conference on Thu, and Jefferies Industrial Leaders Day on Thu.
OVERNIGHT U.S. STOCK MOVERS
Yum! Brands (YUM +0.23%) was upgraded to 'Outperform' from 'Neutral' at RW Baird.Lowe's (LOW -0.55%) was downgraded to 'Neutral' from 'Outperform' at Wedbush. Tiffany (TIF -0.30%) was upgraded to 'Buy' from 'Neutral' at Citigroup. Staples (SPLS -0.52%) reported Q4 EPS of 33 cents, below consensus of 39 cents. Bob Evans (BOBE -8.18%) was upgraded to 'Buy' from 'Hold' at Miller Tabak. Joy Global (JOY +0.90%) reported Q1 EPS of 49 cents, weaker than consensus of 65 cents. Costco Wholesale (COST -0.15%) fell nearly 3% in European trading after it reported Q2 EPS of $1.05, below consensus of $1.17. Universal American (UAM -1.20%) reported a Q4 adjusted EPS loss of -5 cents, a bigger loss than consensus of -3 cents. Barron's reported that General Electric's (GE +1.09%) CEO, Jeffrey Immelt, invested his bonus in 104,900 shares of the company's stock at a price of $2.64 million. Gabelli reported a 17.66% stake in Griffon (GFF +1.27%) . LHC Group (LHCG +0.53%) lowered guidance on fiscal 2014 EPS to $1.15-$1.35, below consensus of $1.43. Spartan Stores (SPTN +0.13%) reported Q3 adjusted EPS of 40 cents, well above consensus of 25 cents. Boyd Gaming (BYD +1.22%) reported a Q4 adjusted EPS loss of -24 cents, a smaller loss than consensus of -25 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.19%) this morning are up +1.75 points (+0.09%). The S&P 500 on Wednesday posted a new record high but then fell back and settled little changed. The Feb ADP employment change rose +139,000, less than expectations of +155,000, and the Feb ISM non-manufacturing index showed a larger-than-expected decline of -2.4 to a 4-year low of 51.6. A positive factor for stock prices was the upbeat Fed Beige Book that said 8 of the Fed’s 12 districts last month reported modest to moderate improved levels of activity, even with the effects of the harsh winter weather. Closes: S&P 500 -0.01%, Dow Jones -0.22%, Nasdaq 100 +0.20%.Jun 10-year T-notes (ZNM14 -0.15%) this morning are down -5.5 ticks. Jun 10-year T-note futures prices on Wednesday fell to a 1-week low on reduced safe-haven demand after the S&P 500 posted a record high, but prices recovered after the Feb ADP employment report showed less hiring than expected and after the Feb ISM non-manufacturing index fell to a 4-year low. Closes: TYM4 unch, FVM4 -1.00. The dollar index (DXY00 -0.07%) this morning is down -0.017 (-0.02%). EUR/USD (^EURUSD) is up +0.0021 (+0.15%). USD/JPY (^USDJPY) is up +0.44 (+0.43%) at a 1-1/2 week high. The dollar index on Wednesday closed slightly lower after the Feb ADP employment and the Feb ISM non-manufacturing index reports were weaker than expected. EUR/USD found support on stronger-than-expected Eurozone Jan retail sales and the upward revision in the Eurozone Feb PMI composite to a 2-3/4 year high. Gains in EUR/USD were limited, however, ahead of Thursday’s ECB meeting. Closes: Dollar index -0.059 (-0.07%), EUR/USD -0.0001 (-0.07%), USD/JPY +0.092 (+0.09%). Apr WTI crude oil (CLJ14 -0.64%) this morning is down -26 cents (-0.26%) and Apr gasoline (RBJ14 -0.02%) is up +0.0021 (+0.07%). Apr crude and gasoline prices on Wed closed lower on bearish weekly EIA inventory data. Crude inventories rose +1.429 million bbl to a 2-1/4 month high of 363.8 million bbl, more than expectations of +1.078 million bbl and distillate supplies unexpectedly rose +1.414 million bbl, more than expectations for a -1.033 million bbl draw. Losses in gasoline were limited after weekly EIA gasoline stockpiles fell -1.604 million bbl, nearly double expectations for a -880,000 bbl decline. Closes: CLJ4 -1.88 (-1.82%), RBJ4 -0.0450 (-1.51%).
GLOBAL EVENT CALENDAR03/06/2014
U.S. STOCK CALENDAR03/06/2014
|
Wednesday, March 5, 2014
Methanex - Barchart's Chart of the Day
Methanex (MEOH) is the Barchart Chart of the Day. The methanol producer and marketer has a Trend Spotter buy signal, a Weighted Alpha of 89.50+ and gained 87.69% in the last year.
The Chart of the Day is Methanex (MEOH). I found the stock by sorting the All Time High list for frequency of new highs in the last month then eliminated the stocks that did not have positive gains for the last week and month. I then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/7 the stock gained 17.72%.
MEOH is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanol, made from natural gas, is a basic chemical building block used to manufacture products such as formaldehyde, MTBE, acetic acid and others. The Company operates production facilities in Canada, the United States, New Zealand and Chile. The Company also markets additional methanol from plants in the US, Trinidad and Europe.
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 Methanex (MEOH). I found the stock by sorting the All Time High list for frequency of new highs in the last month then eliminated the stocks that did not have positive gains for the last week and month. I then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/7 the stock gained 17.72%.
MEOH is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanol, made from natural gas, is a basic chemical building block used to manufacture products such as formaldehyde, MTBE, acetic acid and others. The Company operates production facilities in Canada, the United States, New Zealand and Chile. The Company also markets additional methanol from plants in the US, Trinidad and Europe.
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
- 18 new highs and up 22.29% in the last month
- Relative Strength Index 82.63%
- Barchart computes a technical support level at 69.82
- Recently traded at 71.55 with a 50 day moving average of 61.08
Fundamental factors:
- Market Cap $6.85 billion
- P/E 18.41
- Dividend yield 1.13%
- Revenue expected to grow 22.80% this year and another 4.30% next year
- Earnings estimated to increase 23.60% this year, an additional 4.00% next year and continue to increase by 19.70% annually for the next 5 years
- Wall Street analysts issued 2 strong buy, 5 buy, 2 hold and an under perform recommendation on the stock
This stock should do well over the next year. Use the 50 day moving average to gauge weakness and the 100 day moving average to preserve profits.
BARCHART MORNING CALL 3/5
Wednesday, March 5th, 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 +0.03% and European stocks are down -0.23% ahead of the release of U.S. Feb ADP employment data later this morning. U.S. Secretary of State Kerry will meet Russian Foreign Minister Lavrov in Paris today to discuss the crisis in Ukraine. Asian stocks closed mostly higher following the sharp gains in U.S. and European bourses on Tuesday: Japan +1.20%, Hong Kong -0.34%, China -0.93%, Taiwan +0.92%, Australia +0.85%, Singapore +0.38%, South Korea +0.99%, India +0.32%. European government bonds strengthened as the yield on Spain's 10-year bond fell to 3.40%, the lowest in 8-years, and the yield on Italy's 10-year bond fell to 3.39%, the lowest in 8-1/3 years. Losses in European stocks were limited after Eurozone Jan retail sales rose more than expected and after the Eurozone Feb PMI composite was revised upward to its best level in 2-3/4 years. Commodity prices are mixed. Apr crude oil (CLJ14 -0.22%) is down -0.33%. Apr gasoline (RBJ14 -0.29%) is down -0.35%. Apr gold (GCJ14 -0.06%) is down -0.17%. May copper (HGK14 +0.06%) is up +0.08%. Agriculture and livestock prices are mixed with Apr hogs up +0.96% at an all-time high. The dollar index (DXY00 -0.01%) is up +0.03%. EUR/USD (^EURUSD) is down -0.09%. USD/JPY (^USDJPY) is up +0.19%. June T-note prices (ZNM14 -0.13%) are down -3 ticks.The Eurozone Feb PMI composite was revised upward to 53.3 from the originally reported 52.7, the fastest pace of expansion in 2-3/4 years.
Eurozone Jan retail sales rose +1.6% m/m and +1.3% y/y, stronger than expectations of +0.8% m/m and -0.2% y/y.
Eurozone Q4 GDP was left unrevised at +0.3% q/q and +0.5% y/y, as expected.
European Commission President Barroso said the EU will offer Ukraine 1.6 billion euros in loans as part of a macro-financial assistance package that could total 11 billion euros, conditional on the Ukraine striking a deal with the IMF.
German Feb PMI services were revised upward to 55.9 from the originally reported 55.4, the fastest pace of expansion in 2-3/4 years.
UK Feb PMI services fell -0.1 to 58.2, a smaller decline than expectations of -0.3 to 58.0.
U.S. STOCK PREVIEW
Today’s Feb ADP employment report is expected to show an increase of +155,000, fading from the +175,000 increase seen in January. Today’s Feb ISM non-manufacturing index is expected to show a -0.5 point decline to 53.5, reversing half of the +1.0 point increase to 54.0 seen in January. The markets will be watching today’s Beige Book report to try to get a better handle on whether all of the recent weak economic data has been caused by weather or whether there are underlying macroeconomic factors behind the weakness. There are 4 of the Russell 1000 companies that report earnings today: Navistar (consensus -$1.75), PetSmart (1.21), Brown-Forman (0.76), and Envision Healthcare (0.18).Equity conferences during the remainder of this week include: Morgan Stanley Technology, Media & Telecom Conference on Mon-Thu, Citi Global Property CEO Conference on Mon-Wed, Cowen & Co. Healthcare Conference on Mon-Wed, Raymond James Institutional Investor Conference on Mon-Wed, Morgan Stanley European Medtech & Services Conference on Tue-Wed, Canadian Energy Research Institure (CERI) National Gas Conference on Tue, Pacific Crest Emerging Tech Summit conference on Wed, ISI Enterprise Infrastructure Conference on Wed, Mitsubishi Seattle Consumer Conference on Wed, Seattle Consumer Conference on Wed, Bank of America Merrill Lynch Refining Conference on Thu, and Jefferies Industrial Leaders Day on Thu.
OVERNIGHT U.S. STOCK MOVERS
Stifel keeps a 'Buy' rating on Facebook (FB +2.06%) after it raised its price target on the stock to $82 from $72.Navistar (NAV +0.19%) reported a Q1 EPS loss of -$3.05, a much larger loss than consensus of -$1.77.
Dillard's (DDS -0.75%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.
Pandora (P +3.41%) was upgraded to 'Neutral' from 'Sell' at MKM Partners.
Staples (SPLS +0.07%) was downgraded to 'Neutral' from 'Buy' at B. Riley.
Boeing (BA +1.57%) was awarded a $1.16 billion government contract modification for full rate production of the AH-64E Apache helicopter, seventy-two remanufactured helicopter systems, ten new helicopter systems, and for and integrated logistics and support.
ABM Industries (ABM +4.25%) reported Q1 adjusted EPS of 25 cents, right on consensus, although Q1 revenue of $1.23 billion was below consensus of $1.24 billion.
Fairpointe Capital reported a 13.25% passive stake in Cooper Tire (CTB -0.65%) .
Systemax (SYX +4.19%) reported Q4 non-GAAP EPS of 15 cents, over double expectatios of 7 cents.
Smith & Wesson (SWHC +1.55%) jumped 10% in after-hours trading after it reported Q3 EPS of 36 cents, well above consensus of 29 cents, and then raised guidance on 2014 EPS to $1.39-$1.42 from $1.30-$1.35, higher than consensus of $1.33.
Castle Creek Capital reported a 7.75% passive stake in MBT Financial (MBTF -0.41%) .
Bob Evans (BOBE +1.55%) fell 5% in after-hours trading after it reported Q3 EPS of 30 cents, well below consensus of 57 cents, and then lowered guidance on fiscal 2014 EPS $1.60-$1.75, below consensus of $2.26, citing adverse winter weather that impacted restaurant sales.
Synta Pharmaceuticals (SNTA +4.88%) cancels out of conferences after the company announced that its CEO Safi Bahcall had resigned, effective immediately.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.08%) this morning are up +0.50 of a point (+0.03%). The S&P 500 on Tuesday surged to a record high and finished sharply higher. Geopolitical concerns eased after Russian President Putin signaled the Ukraine crisis won’t immediately escalate when he said he would only send troops to Ukraine in an extreme case. Another positive for stocks was former Fed Chairman Bernanke’s comment that the U.S. economy is seeing signs of progress and that there is “good reason to think U.S. GDP will grow around 3% this year.” Closes: S&P 500 +1.53%, Dow Jones +1.41%, Nasdaq 100 +1.41%.Jun 10-year T-notes (ZNM14 -0.13%) this morning are down -3 ticks. Jun 10-year T-note futures prices on Tuesday tumbled on reduced safe-haven demand as global stocks surged on Russian President Putin’s comment that there is no immediate need to send troops into Ukraine. Closes: TYM4 -21.00, FVM4 -10.00.
The dollar index (DXY00 -0.01%) this morning is up +0.022 (+0.03%). EUR/USD (^EURUSD) is down -0.0013 (-0.09%). USD/JPY (^USDJPY) is up +0.19 (+0.19%). The dollar index on Tuesday closed higher. USD/JPY rose as the yen weakened on reduced safe-haven demand on reduced geopolitical tensions after Russian President Putin said he’d only send troops into Ukraine in an extreme case. Gains in EUR/USD were limited on speculation the ECB may add to stimulus to reduce deflation risks after the Eurozone Jan PPI fell -1.4% y/y, more than expectations of -1.3% y/y and the biggest annual decline in 4 years. Closes: Dollar index +0.091 (+0.11%), EUR/USD +0.0008 (+0.06%), USD/JPY +0.764 (+0.75%).
Apr WTI crude oil (CLJ14 -0.22%) this morning is down -34 cents (-0.33%) and Apr gasoline (RBJ14 -0.29%) is down -0.0103 (-0.35%). Apr crude and gasoline prices Tuesday sold off on reduced tensions between Ukraine and Russia after Russian President Putin said there’s no immediate need for his country to invade Ukraine. Other negatives for crude included (1) a stronger dollar, and (2) expectations for weekly EIA crude inventories to climb +1.3 million bbl when they are reported Wed, the seventh consecutive increase. Closes: CLJ4 -1.59 (-1.52%), RBJ4 -0.0350 (-1.16%).
GLOBAL EVENT CALENDAR03/05/2014
| US | 0700 ET | Weekly MBA mortgage applications, previous -8.5% with purchase sub-index -3.5% and refi sub-index -11.4%. |
| 0815 ET | Feb ADP employment change expected +155,000, Jan +175,000. | |
| 1000 ET | Feb ISM non-manufacturing index expected -0.5 to 53.5, Jan +1.0 to 54.0. | |
| 1030 ET | EIA Weekly Petroleum Status Report. | |
| 1030 ET | U.S. Treasury Secretary Lew testifies before the Senate Finance Panel. | |
| 1400 ET | Fed Beige Book. | |
| 1900 ET | Dallas Fed President Richard Fisher speaks to the Mexican Bankers Association in Mexico City. | |
| 2030 ET | San Francisco Fed President John Williams speaks on the economy at Seattle University. | |
| GER | 0355 ET | Revised German PMI services, previous 55.4. |
| EUR | 0400 ET | Revised Eurozone Feb PMI composite, previous 52.7. |
| 0500 ET | Eurozone Jan retail sales expected +0.8% m/m and -0.2% y/y, Dec -1.6% m/m and -1.0% y/y. | |
| 0500 ET | Revised Eurozone Q4 GDP, previous +0.3% q/q and +0.5% y/y. | |
| UK | 0430 ET | UK Feb PMI services, Jan 58.3. |
U.S. STOCK CALENDAR03/05/2014
| Company Name | Ticker | Time | Event Description | Period | Estimate |
|---|---|---|---|---|---|
| Navistar International Corp | NAV US | Bef-mkt | Q1 2014 Earnings Release | Q1 2014 | -1.754 |
| PetSmart Inc | PETM US | Bef-mkt | Q4 2014 Earnings Release | Q4 2014 | 1.209 |
| Fastenal Co | FAST US | 7:00 | February 2014 Sales and Revenue Release | 2014 | |
| Brown-Forman Corp | BF/B US | 8:00 | Q3 2014 Earnings Release | Q3 2014 | 0.763 |
| Exxon Mobil Corp | XOM US | 9:00 | Analyst Meeting | Y 2014 | |
| Navistar International Corp | NAV US | 9:00 | Q1 2014 Earnings Call | Q1 2014 | |
| Honeywell International Inc | HON US | 10:00 | Investor Day | Y 2014 | |
| Brown-Forman Corp | BF/B US | 10:00 | Q3 2014 Earnings Call | Q3 2014 | |
| Halliburton Co | HAL US | 10:00 | U.S. Supreme Court Hears Arguments on Securities Lawsuits | ||
| PetSmart Inc | PETM US | 10:00 | Q4 2014 Earnings Call | Q4 2014 | |
| Envision Healthcare Holdings Inc | EVHC US | 17:00 | Q4 2013 Earnings Call | Q4 2013 | |
| Envision Healthcare Holdings Inc | EVHC US | Aft-mkt | Q4 2013 Earnings Release | Q4 2013 | 0.176 |
| Helmerich & Payne Inc | HP US | Annual General Meeting | Y 2014 | ||
| Kennametal Inc | KMT US | Financial Community Meeting - Las Vegas | Y 2014 | ||
| Walgreen Co | WAG US | February 2014 Sales and Revenue Release | 2014 |
American Electric Technologies -- sell signals
Today I deleted American Electric Technologies (AETI) from the Barchart Van Meerten New High, Barchart Van Meerten Speculative and also from my personal portfolios for negative price momentum:
Barchart technical indicators:
- 88% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 33.54% off its recent high
- Relative Strength Index 22.66%
Tuesday, March 4, 2014
PolyOne - Barchart's Chart of the Day
PolyOne (POL) is Barchart's Chart of the Day. The polymer services company has a Trend Spotter buy signal, a Weighted Alpha of 64.00+ and gained 69.99% in the last year.
The Chart of the Day is PolyOne Corp (POL). I found the stock by sorting the All Time High list, skipped the stocks that didn't have positive gains for the last week and month. I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/29 the stock gained 6.17%.
POL is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and additive systems, elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company.
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 PolyOne Corp (POL). I found the stock by sorting the All Time High list, skipped the stocks that didn't have positive gains for the last week and month. I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/29 the stock gained 6.17%.
POL is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and additive systems, elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company.
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 10.72% in the last month
- Relative Strength Index 72.03%
- Barchart computes a technical support level at 36.57
- Recently traded at 37.86 with a 50 day moving average of 35.29
Fundamental factors:
- Market Cap $3.64 billion
- P/E 28.85
- Dividend yield .85%
- Revenue expected to grow 10.90% this year and another 6.00% next year
- Earnings estimated to increase by 35.10% this year, an additional 34.50% next year and continue to increase by 23.30% annually for the next 5 years
- Wall Street analysts issued 3 strong buy, 4 buy and 3 hold recommendations on the stock
- Financial Strength is B+
The stock had solid momentum over the last year. Watch the 50 day moving average for weakness and use the 100 day moving average to preserve profits.
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