Atmos Energy - Barchart's Chart of the Day

Atmos Energy (ATO) is the Barchart Chart of the Day.  The natural gas distribution stock has a Trend Spotter buy signal, a Weighted Alpha of 17.02+ and gained 12.76% in the last year.

The Chart of the Day is Atmos Energy (ATO).  There is not a lot to be happy about today.  Only 4 stocks on the All Time High list had a Barchart technical indicator score of 100%.  I found the stock by sorting the All Time High list for the best technical indicators then used the Flipchart function to review the charts.  Since the Trend Spotter signaled a buy on 3/17 the stock gained 4.38%.

ATO distributes and sells natural gas to residential, commercial, industrial, agricultural and other customers. They operate through five divisions in cities, towns and communities in service areas located in Colorado, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Missouri, South Carolina, Tennessee, Texas and Virginia. The Company has entered into an agreement to sell all of its natural gas utility operations in South Carolina. They also transport natural gas for others through its distribution system.

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
• 12 new highs and up 7.65% in the last month
• Relative Strength Index 73.58%
• Barchart computes a technical  support level at 47.39
• Recently traded at 48.88 with a 50 day moving average of 46.38

Fundamental factors:

• Market Cap $4.45 billion
• P/E 17.97
• Dividend yield 3.08%
• Revenue expected to grow 8.50% this year and another 10.50% next year
• Earnings estimated to increase by 9.10% this year, an additional 6.50% next year and continue to increase by 6.90% annually for the next 5 years
• Wall Street analysts issued 1 strong buy, 1 buy and 5 hold recommendations on this stock

Market up or down consumers will need natural gas.  Use the 50 day moving average for a signal of price weakness and the 100 day moving average as an exit point.

5 Great Mid Caps

Today I use Barchart to sort the S&P 400 Mid Cap Index stocks to find the stocks with the best technical indicators and charts.  Today's list includes Tech Data (TECD), RenaisseanceRe Holdings (RNR), Omega Healthcare Holdings (OHI), MSC Industrial Direct (MSM) and Hospitality Properties Trust (HPT):

Tech Data (TECD)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 12.38% in the last month
• Relative Strength Index 74.64
• Barchart computes a technical support level at 61.37
• Recently traded at 64.65 with a 50 day moving average of 57.58

RenaisseanceRe Holdings (RNR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 2.83% in the last month
• Relative Strength Index 68.46%
• Barchart computes a technical support level at 97.16
• Recently traded at 99.19 with a 50 day moving average of 95.23

Omega Healthcare Holdings (OHI)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 6.23% in the last month
• Relative Strength Index 66.25%
• Barchart computes a technical support level at 33.43
• Recently traded at 34.44 with a 50 day moving average of 32.41

MSC Industrial Direct (MSM)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 1.90% in the last month
• Relative Strength Index 67.80%
• Barchart computes a technical support level at 86.87
• Recently traded at 90.00 with a 50 day moving average of 85.63

Hospitality Properties Trust (HPT)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 7.87% in the last month
• Relative Strength Index 73.43%
• Barchart computes a technical support level at 28.58
• Recently traded at 29.37 with a 50 day moving average of 27.24

BARCHART MORNING CALL 4/10

BARCHART MORNING CALL

Thursday, April 10th, 2014View Older Reports

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

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 -0.01%) this morning are down -0.15% and European stocks are down -0.54% on concern over a slowdown in the ChinesJe economy after China's Mar exports unexpectedly fell for a second month. Asian stocks closed mostly higher: Japan unchanged, Hong Kong +1.51%, China +1.57%, Taiwan +0.20%, Australia +0.31%, Singapore -0.20%, South Korea +0.46%, India +0.06%. Hong Kong's Hang Seng Stock Index rose to a 2-3/4 month high and China's Shanghai Stock Index recovered from losses due to weak China Mar trade data and rallied up to a 1-1/2 month high after the government said it would allow a combined 23.5 billion yuan ($3.8 billion) of daily cross-border trading in equities with Hong Kong. China's Securities Regulatory Commission said investors will be able to trade 10.5 billion yuan of Hong Kong-listed stocks through the Shanghai exchange, and 13 billion yuan of mainland shares through Hong Kong. Commodity prices are mixed. May crude oil (CLK14 -0.23%) is down -0.19%. May gasoline (RBK14 -0.60%) is down -0.47%. Jun gold (GCM14 +1.30%) is up +1.24% at a 2-week high after the minutes of the latest FOMC meeting showed that several policy makers said projections for an interest-rate increase might be overstated. May copper (HGK14 -0.15%) is down -0.12%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.01%) is down -0.05% at a 3-week low. EUR/USD (^EURUSD) is up +0.09% at a 2-week high. USD/JPY (^USDJPY) is down -0.34% at a 3-week low. June T-note prices (ZNM14 +0.15%) are up +9 ticks at a 3-week high.
The China Mar trade balance climbed to a +$7.71 billion surplus, higher than expectations of a +$1.80 billion surplus. Mar exports unexpectedly fell for a second month as they dropped -6.6% y/y, weaker than expectations of a +4.8% y/y increase. Mar imports unexpectedly fell -11.3% y/y, weaker than expectations of a +3.9% y/y increase and the largest decline in 13 months.
As expected, the BOE maintained its benchmark interest rate at 0.50% and held the asset purchase target at 375 billion pounds.
The UK Mar RICS house price balance unexpectedly rose +10 to 57%, better than expectations of a -4 point decline to 43%.
Japan Mar machine tool orders surged +41.8% y/y, the largest increase in 2-3/4 years.
Japan Feb machine orders fell -8.8% m/m and rose +10.8% y/y, weaker than expectations of -2.6% m/m and +17.5% y/y.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show a decline of -6,000 to 320,000, reversing part of last week’s +16,000 increase to 326,000. Meanwhile, continuing claims are expected to show a slight decline of -1,000 to 2.835 million after last week’s increase of +22,000 to 2.836 million. Today’s March import price index is expected to rise by +0.2% m/m, adding to the +0.9% increase seen in February. The Treasury today will conclude this week’s $64 billion coupon package by selling $13 billion of 30-year T-bonds. There are 2 of the Russell 1000 companies that report earnings today: Family Dollar Stores (consensus $0.90), Commerce Bancshares (0.68). There are no equity conferences during the remainder of the week.

OVERNIGHT U.S. STOCK MOVERS

Molson Coors (TAP +0.19%) was downgraded to 'Neutral' from 'Buy' at Nomura.
Rite Aid (RAD +4.75%) reported Q4 EPS ex-items of 10 cents, more than double consensus of 4 cents.
Facebook (FB +7.25%) was upgraded to 'Buy' from 'Hold' at Pivotal Research.
Twitter (TWTR +1.70%) was upgraded to 'Hold' from 'Sell' at Cantor.
Pier 1 Imports (PIR -0.27%) reported Q4 EPS of 41 cents, right on consensus, although Q4 revenue of $515.8 million was slghtly better than consensus of $512.76 million.
Akamai (AKAM +1.34%) was upgraded to 'Buy' from 'Neutral' at B. Riley.
Family Dollar Stores (FDO +0.56%) reported Q2 EPS of 80 cents, well below consensus of 90 cents, and then lowered guidance on fiscal 2014 EPS ex-items to $3.05-$3.25, below consensus of $3.38.
Chevron (CVX +1.10%) warned in its interim update that earnings for Q1 2014 are expected to be lower than Q4, principally as a result of adverse foreign exchange effects and selected asset impairments and related charges.
Huber Capital reported a 10.14% passive stake in Uranium Energy (UEC +16.50%) .
Bed Bath & Beyond (BBBY +0.22%) fell 4% in after-hours trading after it reported Q4 EPS of $1.60, right on consensus, but reported Q4 revenue of $3.2 billion, less than consensus of $3.22 billion.
PriceSmart (PSMT +0.99%) reported Q2 EPS of 93 cents, better than consensus of 88 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM14 -0.01%) this morning are down -2.75 points (-0.15%). The S&P 500 on Wednesday closed higher. Bullish factors included (1) optimism that Q1 quarterly company earnings results will be positive for stocks after Alcoa started off the earnings season by reporting higher-then-expected profits, and (2) reduced interest rate concerns after the minutes of the Mar 18-19 FOMC meeting noted the Fed members said the projections for the timing of a Fed interest rate increase were exaggerated. Closes: S&P 500 +1.09%, Dow Jones +1.11%, Nasdaq +1.76%.
Jun 10-year T-notes (ZNM14 +0.15%) this morning are up +9 ticks at a 3-week high. Jun 10-year T-note futures prices on Wednesday opened lower on reduced safe-haven demand after stocks rose, but T-notes erased their decline and rallied to a 3-week high after the minutes of the Mar 18-19 FOMC meeting said that the rise in median projections for the Fed to begin raising the Fed funds rate was exaggerated. Closes: TYM4 +5.00, FVM4 +6.25.
The dollar index (DXY00 -0.01%) this morning is down -0.041 (-0.05%) at a 3-week low. EUR/USD (^EURUSD) is up +0.0013 (+0.09%) at a 2-week high. USD/JPY (^USDJPY) is down -0.35 (-0.34%) at a 3-week low. The dollar index on Wednesday dropped to a 3-week low and closed lower. Bearish factors included (1) the dovish minutes of the Mar 18-19 FOMC meeting in which Fed members said projections for the timing of a Fed interest rate increase were overstated, and (2) strength in EUR/USD which rallied to a 2-week high on speculation the ECB will refrain from QE after the IMF on Tuesday raised its Eurozone 2014 GDP forecast to 1.2% from its Jan estimate of 1.0%. Closes: Dollar index -0.268 (-0.34%), EUR/USD +0.00585 (+0.42%), USD/JPY +0.186 (+0.18%).
May WTI crude oil (CLK14 -0.23%) this morning is down -20 cents (-0.19%) and May gasoline (RBK14 -0.60%) is down -0.0142 (-0.47%). May crude and gasoline prices on Wednesday posted 1-month highs and closed higher. Bullish factors included (1) the fall in the dollar index to a 3-week low, and (2) the -5.188 mln bbl plunge in weekly EIA gasoline inventories to a 4-1/2 month low versus expectations for a -940,000 bbl draw. Crude oil prices fell back from their best levels after the +4.03 million bbl surge in weekly EIA crude inventories to a 4-month high versus expectations of +970,000. Closes: CLK4 +1.04 (+1.01%). RBK4 +0.0283 (+0.95%).

GLOBAL EVENT CALENDAR04/10/2014

US	0830 ET	Weekly initial unemployment claims expected -6,000 to 320,000, previous +16,000 to 326,000. Weekly continuing claims expected -1,000 to 2.835 million, previous +22,000 to 2.836 million.
	0830 ET	Mar import price index expected +0.2% m/m and -0.9% y/y, Feb +0.9% m/m and -1.1% y/y.
	0830 ET	USDA weekly Export Sales.
	1100 ET	Treasury announces amount of 5-year TIPS to be auctioned Apr 17.
	1130 ET	Chicago Fed President Charles Evans, ECB Vice President Vitor Constancio and RBI Governor Raghuram Rajan speak on a panel discussion on Global Monetary Policy and Emerging Markets in Washington D.C.
	1300 ET	Treasury auctions $13 billion 30-year T-bonds.
	1400 ET	Mar monthly budget statement expected -$71.0 billion, Feb -$193.5 billion.
JPN	0200 ET	Japan machine tool orders, Feb +26.15 y/y.
	1950 ET	Japan Mar domestic CGPI expected +0.1% m/m and +1.8% y/y, Feb -0.2% m/m and +1.8% y/y.
EUR	0400 ET	ECB publishes monthly report for April.
UK	0700 ET	BOE announces interest rate decision and asset purchase target.
CHI	2130 ET	China Mar CPI expected +2.4% y/y, Feb +2.0% y/y. Mar PPI expected -2.2% y/y, Feb -2.0% y/y.

U.S. STOCK CALENDAR04/10/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Family Dollar Stores Inc	FDO US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.895
Commerce Bancshares Inc/MO	CBSH US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.677
L Brands Inc	LB US	7:30	March 2014 Sales and Revenue Call	2014
ConocoPhillips	COP US	9:00	Analyst Meeting	Y 2014
Family Dollar Stores Inc	FDO US	10:00	Q2 2014 Earnings Call	Q2 2014
Host Hotels & Resorts Inc	HST US	10:00	Investor Day	Y 2014
Gap Inc/The	GPS US		March 2014 Sales and Revenue Release	2014
Gap Inc/The	GPS US		March 2014 Sales and Revenue Call	2014
L Brands Inc	LB US		March 2014 Sales and Revenue Release	2014
Questar Corp	STR US		Roadshow - Day 3	Y 2014
Weyerhaeuser Co	WY US		Annual General Meeting
Adobe Systems Inc	ADBE US		Annual General Meeting
Costco Wholesale Corp	COST US		March 2014 Sales and Revenue Release	2014

Autoliv - Barchart's Chart of the Day

Autoliv (AL) is the Barchart Chart of the Day.  The auto parts manufacturer has a Trend Spotter buy signal, a Weighted Alpha of 44.80+ and gained 52.09% in the last year.

The Chart of the Day is Auotliv (ALV).  I found the stock by sorting today's All Time High list for the best technical indicators then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/6 the stock gained 10.41%.

ALV is a leader in automotive safety, a pioneer in both seatbelts and airbags, and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are its customers.

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
• 13 new highs and up 6.23% in the last month
• Relative Strength Index 67.13%
• Barchart computes a technical support level at 100.35
• Recently traded at 102.92 with a 50 day moving average of 96.33

Fundamental factors:

• Market Cap $ 9.88 billion
• P/E 17.38
• Dividend yield 2.09%
• Revenue predicted to grow 5.50% this year and another 5.80% next year
• Earnings are estimated to increase by 9.50% this year, an additional 14.80% next year and continue to increase at an annual rate of 7.48% for he next 5 years
• Wall Street analysts are all over the place with 1 strong buy, 2 buy, 10 hold, 3 under perform and 2 sell recommendations on the stock

As the auto industry recovers this stock should have solid gains.  Use the 50 day moving averages as a signal of weakness and the 100 day moving average to preserve profits.

BARCHART MORNING CALL 4/9

BARCHART MORNING CALL

Wednesday, April 9th, 2014View Older Reports

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

E-mail:

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

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 +0.14%) this morning are up +0.09% and European stocks are up +0.32%. Alcoa started quarterly earnings season off on a positive note as it trades up by more than 3% in pre-market trading after it reported better-than-expected quarterly profits. The situation in Ukraine remains tense after pro-Russian activists released scores of hostages in Ukraine's eastern city of Luhansk today after U.S. Secretary of State Kerry accused Russia of using "special forces and agents" to fuel unrest. Asian stocks outside of Japan closed higher: Japan -2.10%, Hong Kong +1.09%, China +0.06%, Taiwan +0.48%, Australia +0.98%, Singapore +0.18%, South Korea +0.28%, India +1.61%. China's Shanghai Stock Index posted a 1-1/2 month high on signs the government will boost stimulus measures to promote economic growth after the People's Daily reported that the Chinese government raised its fixed-asset investment target for railway spending this year to 720 billion yuan ($116.2 billion) from 700 billion yuan. Commodity prices are mixed. May crude oil (CLK14 +0.16%) is down -0.03%. May gasoline (RBK14 +0.30%) is up +0.23%. Jun gold (GCM14 -0.45%) is up +0.02%. May copper (HGK14 -0.69%) is down -0.48%. Agriculture and livestock prices are mixed, although May soybeans are up +0.74% at a 7-month nearest-futures high ahead of the USDA's Apr WASDE crop production report later today. The dollar index (DXY00 +0.07%) is up +0.06%. EUR/USD (^EURUSD) is up +0.05%. USD/JPY (^USDJPY) is up +0.23%. June T-note prices (ZNM14 -0.11%) are down -5 ticks.
The German Feb trade balance increased to a 16.3 billion euro surplus from a 15.0 billion euro surplus in Jan, less than expectations of a 17.5 billion euro surplus. Feb exports fell -1.3% m/m, more than expectations of -0.5% m/m and the biggest decline in 9 months. Feb imports rose +0.4% m/m, better than expectations of +0.1% m/m.
The South Korean won climbed to 1,040.46 per dollar today, the highest in 5-1/2 years, on speculation that South Korean authorities will allow it to appreciate after South Korean Finance Minister Hyun Oh Seok told reporters that the government is more concerned with currency market volatility than the level of the won.

U.S. STOCK PREVIEW

The minutes will be released today from the March 18-19 FOMC meeting. That was the meeting at which the FOMC dropped its 6.5% unemployment rate threshold and said will now look at a “wide range of information” when deciding on policy. The Treasury today will sell $21 billion in 10-year T-notes. There are 4 of the Russell 1000 companies that report earnings today: Constellation Brands (consensus $0.76), MSC Industrial Direct (0.85), Bed Bath & Beyond (1.60), and Progressive Corp (0.39). Equity and industry conferences during the remainder of this week include: BNEF Summit on Mon-Wed, and New Economic Summit (NES) 2014 on Tue-Wed.

OVERNIGHT U.S. STOCK MOVERS

Constellation Brands (STZ +0.84%) raised guidance on fiscal 2015 adjusted EPS to $3.95-$4.15, above consensus of $3.95.

Arch Coal (ACI +3.19%) and Walter Energy (WLT +4.77%) were both downgraded to 'Sell' from 'Neutral' at UBS.
General Motors (GM +1.23%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
The WSJ reports that Apple (AAPL -0.01%) seeks $2.2 billion in damages from Samsung (SSNLF +6.56%) in patent infringement charges that covers more than 37 million smartphones and tablets sold by Samsung in the U.S. from 2011-2013.
CBOE Holdings (CBOE -1.08%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill.
NASDAQ (NDAQ -2.74%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill.
Tech Data (TECD +0.62%) reported Q4 adjusted EPS of $2.10, better than consensus of $1.93, although Q$ revenue of $7.97 billion was below consensus of $7.98 billion.
Toyota Motor (TM -2.06%) announced five recalls involving 27 Toyota models and over 6 million vehicles worldwide.
Aeropostale (ARO +1.19%) was downgraded to 'Underweight' from 'Neutral' at Piper Jaffray.
Intuitive Surgical (ISRG -1.45%) slumped over 10% in after-hours trading after it said it sees Q1 revenue of $465 million, well below consensus of $537.9 million.
SAIC (SAIC +1.50%) reported Q4 EPS of 66 cents, higher than consensus of 65 cents.
JP Morgan Chase reported a 10.7% passive stake in Malibu Boats (MBUU +0.41%) .
Philip Morris (PM +1.12%) was upgraded to 'Neutral' from 'Reduce' at Nomura.
Alcoa (AA +0.48%) rose over 3% in pre-market trading after it reported Q1 adjusted EPS of 9 cents, well ahead of consensus of 5 cents, although Q1 revenue of $5.50 billion was below consensus of $5.55 billion.

MARKET COMMENTS

June E-mini S&Ps (ESM14 +0.14%) this morning are up +1.75 points (+0.09%). The S&P 500 on Tuesday closed higher. Bullish factors included (1) the IMF report stating that the U.S. economy is in good shape and is providing a “major impulse” to global economic growth, and (2) a rebound in biotechnology and computer and internet-related stocks that had slumped over the past 2 sessions on concern about their high multiples. Closes: S&P 500 +0.38%, Dow Jones +0.06%, Nasdaq +0.87%.
Jun 10-year T-notes (ZNM14 -0.11%) this morning are down -5 ticks. Jun 10-year T-note futures prices on Tuesday climbed to a 2-week high and closed higher. Bullish factors included (1) increased flight-to-safety demand for T-notes on concerns about Ukraine after Russia called on Ukraine to halt all military preparations “immediately” in the eastern part of Ukraine or risk civil war, and (2) strong demand for the Treasury’s $30 billion 3-year T-note auction that had a bid-to-cover ratio of 3.36, above the 12-auction average of 3.28. Closes: TYM4 +6.00, FVM4 +1.25.
The dollar index (DXY00 +0.07%) this morning is up +0.044 (+0.06%). EUR/USD (^EURUSD) is up +0.0007 (+0.05%). USD/JPY
(^USDJPY) is up +0.23 (+0.23%). The dollar index on Tuesday fell to a 2-week low and closed lower. Bearish factors included (1) strength in the yen as USD/JPY fell to a 2-1/2 week low after the BOJ refrained from additional stimulus measures following their 2-day policy meeting, and (2) reduced European sovereign debt concerns that boosted EUR/USD after ECB data showed that ECB lending to Portuguese banks in March fell for a sixth month to 45.05 billion euros, the least amount Portuguese lenders have borrowed from the ECB since July 2011. Closes: Dollar index -0.480 (-0.60%), EUR/USD +0.00555 (+0.40%), USD/JPY -1.284 (+1.25%).
May WTI crude oil (CLK14 +0.16%) this morning is down -3 cents (-0.03%) and May gasoline (RBK14 +0.30%) is up +0.0069 (+0.23%). May crude and gasoline prices on Tuesday rallied to 1-month highs and closed sharply higher. Bullish factors included (1) the slide in the dollar index to a 2-week low, (2) expectations that Wednesday’s EIA data will show crude supplies at Cushing, OK, delivery point for WTI futures, fell for a tenth straight week, and (3) strength in gasoline on expectations for Wednesday’s weekly EIA gasoline inventories to decline -940,000 bbl, the seventh consecutive decline. Closes: CLK4 +2.12 (+2.11%). RBK4 +0.0565 (+1.93%).

GLOBAL EVENT CALENDAR04/09/2014

US	0700 ET	Weekly MBA mortgage applications, previous -1.2% with purchase sub-index +0.9% and refi sub-index -2.9%.
	1000 ET	Feb wholesale inventories expected +0.5% m/m, Jan +0.6% m/m. Feb wholesale trade sales expected +1.0% m/m, Jan -1.9% m/m.
	1030 ET	EIA Weekly Petroleum Status Report.
	1200 ET	Apr WASDE crop production report.
	1300 ET	Treasury auctions $21 billion 10-year T-notes.
	1400 ET	Minutes of the Mar 18-19 FOMC meeting.
	1530 ET	Chicago Fed President Charles Evans and Fed Governor Daniel Tarullo speak at a conference in Washington D.C. titled Stabilizing Financial Systems for Growth and Full Employment.
GER	0200 ET	German Feb trade balance expected +17.5 billion euros, Jan +15.0 billion euros. Feb exports expected -0.5% m/m, Jan +2.2% m/m. Feb imports expected +0.1% m/m, Jan +4.1% m/m.
UK	1901 ET	UK Mar RICS house price balance expected 43%, Feb 45%.
JPN	1950 ET	Japan Feb machine orders expected -2.6% m/m and +17.5% y/y, Jan+13.4% m/m and +23.6% y/y.
CHI	n/a	China Mar trade balance expected +$1.80 billion, Feb -$22.99 billion. Mar exports expected +4.8% y/y, Feb 18.1% y/y. Mar imports expected +3.9% y/y, Feb +10.1% y/y.

U.S. STOCK CALENDAR04/09/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Constellation Brands Inc	STZ US	4/9/2014	Q4 2014 Earnings Release	Q4 2014	0.761
MSC Industrial Direct Co Inc	MSM US	4/9/2014	Q2 2014 Earnings Release	Q2 2014	0.846
MSC Industrial Direct Co Inc	MSM US	4/9/2014	Q2 2014 Earnings Call	Q2 2014
Tech Data Corp	TECD US	4/9/2014	Q4 2014 Earnings Call	Q4 2014
Valley National Bancorp	VLY US	4/9/2014	Annual General Meeting	Y 2014
Bed Bath & Beyond Inc	BBBY US	4/9/2014	Q4 2014 Earnings Release	Q4 2014	1.601
Lennar Corp	LEN US	4/9/2014	Annual General Meeting
Progressive Corp/The	PGR US	4/9/2014	Q1 2014 Earnings Release	Q1 2014	0.385
Progressive Corp/The	PGR US	4/9/2014	March 2014 Sales and Revenue Release	2014
Questar Corp	STR US	4/9/2014	Roadshow - Day 2	Y 2014
Schlumberger Ltd	SLB US	4/9/2014	Annual General Meeting
IHS Inc	IHS US	4/9/2014	Annual General Meeting
Avago Technologies Ltd	AVGO US	4/9/2014	Annual General Meeting

Continental Resources - Barchart's Chart of the Day

Continental Resources (CLR) is the Barchart Chart of the Day.  The oil and gas stock has a Trend Spotter buy signal, a Weighted Alpha of 61.10+ and gained 55.01% in the last year.

The Chart of the Day is Continental Resources (CLR).  I found the stock by sorting the very small list of stocks that hit an All Time High today, then sorted then for the highest technical indicators.  Last I used the Flipchart feature to review the charts.  since the Trend Spotter signaled a buy on 1/22 the stock gained 14.64%.

CLR is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations.

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
• 12 new highs and up 13.17% in the last month
• Relative Strength Index 64.98%
• Barchart computes a technical support level at 119.11
• Recently traded at 129.18 with a 50 day moving average of 117.49

Fundamental factors:

• Market Cap $24.00 billion
• P/E 23.60
• Revenue predicted to grow 25.80% this year and another 19.60% next year
• Earnings estimated to increase 30.20% this year, an additional 18.70% next year and continue to increase at an annual rate of 26.86% for the next 5 years
• Wall Street analysts issued 7 strong buy, 14 buy and 9 hold recommendations on the stock

Great revenue and earnings projections. Use the 50 day moving averages for signs of weakness and the 100 day moving averages to protect profits.

Some Great Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stocks with the best technical indicators and charts.  Today's list includes Southern Co (SO), Scana Corp (SCG), PPL Corp (PPL), Potomac Electric Power (POM), and Joy Global (JOY):

Southern Co (SO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 5.56% in the last month
• Relative Strength Index 68.90%
• Barchart computes a technical support level at 43.26
• Recently traded at 44.39 with a 50 day moving average of 42.43

Scana Corp (SCG)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50  and 100 day moving averages
• 10 new highs and up 6.46% in the last month
• Relative Strength Index 68.78%
• Barchart computes a technical support level at 50.68
• Recently traded at 51.78 with a 50 day moving average of 50.44

PPL Corp (PPL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 4.30% in the last month
• Relative Strength Index 64.68%
• Barchart computes a technical support level at 32.29
• Recently traded at 33.22 with a 50 day moving average of 32.61

Potomac Electric Power (POM)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 6.45% in the last month
• Relative Strength Index 67.98%
• Barchart computes a technical support level at 20.34
• Recently traded at 21.12 with a 50 day moving average of 20.07

Joy Global (JOY)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 7.39% in the last month
• Relative Strength Index 68.99%
• Barchart comp0utes a technical support level at 57.51
• Recently traded at 60.99 with a 50 day moving average of 57.44

CSIQ, LPLA and ETFC Trimmed Away

I'm not in a wholesale sell out mode but I'm trimming stocks that exhibit failure to keep their momentum.  I trimmed Canadian Solar (CSIQ), LPL Investments (LPLA) and E*Trade Financial (ETFC) for the Barchart Van Meerten New High portfolio.


Canadian Solar (CSIQ)

Barchart technical indicators:

• 88% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 35.39% off its recent high
• Relative Strength Index 34.00%

LPL Investments (LPLA)

Barchart technical indicators:

• 72% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 12.19% off its recent high
• Relative Strength Index 34.98%

E*Trade Financial (ETFC)

Barchart technical indicators:

• 56% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 daily moving averages
• 22.40% off its recent high
• Relative Strength Index 29.49%

BARCHART MORNING CALL 4/8

BARCHART MORNING CALL 

Tuesday, April 8th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 -0.14%) this morning are down -0.15% and European stocks are down -0.98% on concern tensions in Ukraine may escalate after Ukraine sent additional police forces into its eastern regions to quell pro-Russian protesters who seized government buildings in Donetsk, Luhansk and Kharkiv this week. Asian stocks closed mixed: Japan -1.36%, Hong Kong +0.98%, China +2.37%, Taiwan +0.13%, Australia -0.06%, Singapore +0.33%, South Korea +0.22%, India closed for holiday. Japan's Nikkei Stock Index fell to a 1-week low as exporter stocks weakened after the yen rose to a 1-week high against the dollar when the BOJ refrained from providing additional stimulus measures following its 2-day policy meeting. China's Shanghai Stock index rallied to a 1-1/2 month high on speculation that weak Chinese economic data for Mar will prompt the government to introduce measures to promote growth. Commodity prices are mixed. May crude oil (CLK14 +0.96%) is up +0.64%. May gasoline (RBK14 +0.42%) is up +0.27%. Jun gold (GCM14 +1.09%) is up +1.08% at a 1-1/2 week high. May copper (HGK14 -0.25%) is down -0.07%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.42%) is down -0.30%. EUR/USD (^EURUSD) is up +0.17%. USD/JPY (^USDJPY) is down -0.53% at a 1-week low after the BOJ refrained from providing additional stimulus. The British pound climbed to a 4-week high against the dollar after UK Feb industrial output rose more than expected. June T-note prices (ZNM14 -0.05%) are down -2 ticks.
In a sign that the European sovereign debt crisis has receded, ECB lending to Portuguese banks fell in Mar for a six month to 45.05 billion euros, the least amount Portuguese lenders have borrowed from the ECB since July 2011.
UK Feb industrial production rose +0.9% m/m, three times expectations of +0.3% m/m and the largest monthly increase in 8 months. On an annual basis, UK Feb industrial production rose +2.7% y/y, better than expectations of +2.2% y/y.
UK Feb manufacturing production rose +1.0% m/m and +3.8% y/y, stronger than expectations of +0.3% m/m and +3.1% y/y with the +3.8% y/y gain the largest annual increase in 3 years.
The Japan Mar eco watchers survey current conditions jumped +4.9 to 57.9, a bigger increase than expectations of +0.3 to 53.3 and the highest since the data began in the year 2000. The Mar eco watchers survey outlook of expectations fell -5.3 to 34.7, a bigger decline than expectations of -0.5 to 39.5 and the lowest in 3 years.

U.S. STOCK PREVIEW

The Treasury today will sell $30 billion in 3-year T-notes. There are two of the Russell 1000 companies that report earnings today: Alcoa (consensus $0.05), Science Applications (0.65). Equity and industry conferences during the remainder of this week include: BNEF Summit on Mon-Wed, IPAA Oil & Gas Investment Symposium on Tue, Noble Financial NAB Financial Forum on Tue, and New Economic Summit (NES) 2014 on Tue-Wed.

OVERNIGHT U.S. STOCK MOVERS

Dr Pepper Snapple (DPS -0.06%) was downgraded to 'Underperform' from 'Market Perform' at Wells Fargo.
Nike (NKE -2.76%) was upgraded to 'Buy' from 'Hold' at Stifel.
Cisco (CSCO +0.62%) was downgraded to 'Hold' from 'Buy' at Wunderlich.
Estee Lauder (EL +0.48%) was upgraded to 'Outperform' from 'Market Perform' at Bernstein.
Statoil (STO -1.81%) was downgraded to 'Hold' from 'Buy' at Societe Generale.
Infineon (IFNNY -1.17%) was downgraded to 'Underperform' from 'Neutral' at BofA/Merrill.
Eli Lilly (LLY -0.66%) fell over 2% in European trading after a federal-court jury said that Eli Lilly and its partner Takeda Pharmaceutical must pay a combined $9 billion in punitive damages after they hid the cancer risks of their Actos diabetes medicine.
Glen Capital Partners reported a 7.1% passive stake in LMI Aerospace (LMIA +1.94%) .
Barron's reported that four Oracle (ORCL -1.28%) insiders sold 1.69 million shares of the company's stock for $69.5 million.
SAC Capital reported a 5.5% passive stake in Cytokinetics (CYTK +0.23%) .
AK Steel (AKS -5.20%) said that effective immediately for new orders it will increase the current spot market base price for its hot roll carbon steel to a minimum of $700 per ton.
A. Schulman (SHLM +0.25%) gained over 6% in after-hours trading after it reported Q2 EPS ex-items of 39 cents, better than consensus of 33 cents, and then raised guidance on fiscal 2014 adjusted EPS to $2.23-$2.28 from $2.08-$2.13, well above consensus of $2.16.
Whole Foods Markets (WFM -1.59%) was added to the Key Calls list at UBS who also has a 'Buy' rating on the stock with a $70 price target.

MARKET COMMENTS

June E-mini S&Ps (ESM14 -0.14%) this morning are down -2,75 points (-0.15%). The S&P 500 on Monday fell to a 3-week low and closed lower. Bearish factors included (1) continued selling of biotechnology and computer and internet-related stocks on concern about their high multiples and profit taking pressure, and (2) concern that a slowdown in Chinese economic growth may slow the global economy after the World Bank reduced its Chinese 2014 GDP estimate to +7.6% from October’s +7.7% estimate. Closes: S&P 500 -1.08%, Dow Jones -1.02%, Nasdaq -0.89%.
Jun 10-year T-notes (ZNM14 -0.05%) this morning are down -2 ticks. Jun 10-year T-note futures prices on Monday rallied to a 2-week high and closed higher. Bullish factors included (1) the drop in the S&P 500 to a 3-week low, which fueled safe-haven demand for T-notes, and (2) follow-through buying from Friday’s slightly weaker-than-expected payroll report. Closes: TYM4 +6.00, FVM4 +4.75.
The dollar index (DXY00 -0.42%) this morning is down -0.240 (-0.30%). EUR/USD (^EURUSD) is up +0.0023 (+0.17%). USD/JPY (^USDJPY) is down -0.55 (-0.53%) at a 1-week low. The dollar index on Monday closed lower. Bearish factors included (1) negative carry-over from Friday’s smaller-than-expected increase in U.S. Mar payrolls, and (2) strength in EUR/USD after ECB Executive Board member Merscsh said that deflation risks aren’t imminent in the Eurozone and after ECB Governing Council member Nowotny said that there’s no “immediate need” for further ECB action on additional stimulus. Closes: Dollar index -0.191 (-0.24%), EUR/USD +0.00387 (+0.28%), USD/JPY -0.234 (-0.23%).
May WTI crude oil (CLK14 +0.96%) this morning is up +64 cents (+0.64%) and May gasoline (RBK14 +0.42%) is up +0.0080 (+0.27%). May crude and gasoline prices on Monday closed lower. Bearish factors included (1) the slide in the S&P 500 index to a 3-week low, which undercuts confidence in the economic outlook and thus energy demand, and (2) the World Bank’s cut in its China 2014 GDP estimate to 7.6% from 7.7% forecast in Oct, which signals reduced energy consumption in the world’s second-biggest crude oil consumer. Closes: CLK4 -0.70 (-0.69%). RBK4 -0.0053 (-0.18%).

GLOBAL EVENT CALENDAR04/08/2014

US	1300 ET	Treasury auctions $30 billion 3-year T-notes.
	1330 ET	Minneapolis Fed President Narayana Kocherlakota speaks to the Rochester Chamber of Commerce.
	1445 ET	Philadelphia Fed President Charles Plosser delivers a keynote speech at the Wharton Financial Institutions Center titled Enhancing Prudential Standards in Financial Regulation.
JPN	0030 ET	Japan Mar bankruptcies, Feb -14.62% y/y.
	0100 ET	Japan Mar eco watchers survey current expected +0.3 to 53.3. Mar eco watchers survey outlook expected -0.5 to 39.5
	n/a	BOJ announces interest rate decision following 2-day policy meeting.
UK	0430 ET	UK Feb industrial production expected +0.3% m/m and +2.2% y/y, Jan +0.1% m/m and +2.9% y/y.
	0430 ET	UK Feb manufacturing production expected +0.3% m/m and +3.1% y/y, Jan +0.4% m/m and +3.3% y/y.
	1000 ET	UK Mar NIEST GDP estimate, Feb +0.8% q/q.
	1901 ET	UK Mar BRC shop price index expected -1.5% y/y, Feb -1.4% y/y.

U.S. STOCK CALENDAR04/08/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Bank of New York Mellon Corp/The	BK US	4/8/2014	Annual General Meeting	Y 2014
Alcoa Inc	AA US	4/8/2014	Q1 2014 Earnings Release	Q1 2014	0.051
Science Applications International Corp	SAIC US	4/8/2014	Q4 2014 Earnings Release	Q4 2014	0.648
IDEX Corp	IEX US	4/8/2014	Annual General Meeting
Questar Corp	STR US	4/8/2014	Roadshow - Day 1	Y 2014
Principal Financial Group Inc	PFG US	4/8/2014	Roadshow -Tokyo Day 2	Y 2014
Brocade Communications Systems Inc	BRCD US	4/8/2014	Annual General Meeting

Dynegy - Barchart's Chart of the Day

Dynegy (DYN) is the Barchart Chart of the Day.  The wholesaler of power has a Trend Spotter buy signal, a Weighted Alpha of 15.55+ and gained 33.40% in the last 6 months.


The Chart of the Day is Dynergy (DYN).  I found the stock by sorting the All Time High list (on a day when there were very few All Time Highs hit) then sorted for the best technical buy signals.  Since the Trend Spotter signaled a buy on 2/14 the stock gained 19.25%.

DYN provides wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies in six states in U.S. regions of the Midwest, the Northeast and the West Coast. It operates in three segments: the Coal segment, the Gas Segment and the Dynegy Northeast Segment.

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
• 13 new highs and up 5.97% in the last month
• Relative Strength Index 72.37%
• Barchart computes a technical support level at 24.89
• Recently traded at 25.40 with a 50 day moving average of 22.92

Fundamental factors:

• Market Cap $2.54 billion
• P/E - loss
• Dividend yield - none 
• Revenue expected to grow 65.20% this year but decrease by 3.20% next year
• Earnings estimated to increase by 98.30% this year, but decrease by 100.00% next year and decrease by an annual rate of 21.22% for the next 5 years
• Wall Street analysts issued 1 buy, 4 hold and 2 under perform recommendations on the stock

This stock is shown for a very important reason.  Sometime the technical indicators are positive on a stock but when you analyze the underlying fundamentals you see that  the fundamentals do not support the technical momentum.  This isn't a rational investment situation.  Always look at both the technical and fundamental factors.  Never just look at one side of the coin.